8-K 1 msc05hq5_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 14, 2005 (Date of earliest event reported) Commission File No.: 333-104283-26 Morgan Stanley Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2005-HQ5 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2169477 54-2169478 54-2169479 54-2169480 54-6658774 (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 14, 2005, a distribution was made to holders of Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2005-HQ5. 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-HQ5, relating to the June 14, 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-HQ5 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: June 14, 2005 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2005-HQ5, relating to the June 14, 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-HQ5 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 14, 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 - 18 Specially Serviced Loan Detail 19 - 20 Modified Loan Detail 21 Liquidated Loan Detail 22 Bond / Collateral Realized Loss Reconciliation 23 Depositor Morgan Stanley Capital I Inc. 1585 Broadway New York, NY 10036 Contact: General Information Number Phone Number: (212) 761-4700 Master Servicer Midland Loan Services, Inc. 10851 Mastin Street, Bldg. 82 Suite 700 Overland Park, KS 66210 Contact: Brad Hauger Phone Number: (913) 253-9000 Special Servicer GMAC Commercial Mortgage Corporation 200 Witmer Road Horsham, PA 19044-8015 Contact: Darri Cunningham Phone Number: (215) 328-1784 This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the 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 61745M3B7 4.517000% 121,000,000.00 ~~120~~119,~~265~~446,~~999~~705.9013 ~~819~~751,~~294~~103.7758 ~~452~~449,~~701~~617.2731 A-2 61745M3C5 4.809000% 160,900,000.00 160,900,000.00 0.00 644,806.75 A-3 61745M3D3 5.007000% 159,400,000.00 159,400,000.00 0.00 665,096.50 A-AB 61745M3E1 5.037000% 66,400,000.00 66,400,000.00 0.00 278,714.00 A-4 61745M3F8 5.168000% 711,252,000.00 711,252,000.00 0.00 3,063,125.28 A-J 61745M3H4 5.242000% 112,372,000.00 112,372,000.00 0.00 490,878.35 B 61745M3J0 5.272000% 30,474,000.00 30,474,000.00 0.00 133,882.44 C 61745M3K7 5.302000% 19,046,000.00 19,046,000.00 0.00 84,151.58 D 61745M3L5 5.336000% 15,237,000.00 15,237,000.00 0.00 67,753.86 E 61745M3M3 5.378000% 17,141,000.00 17,141,000.00 0.00 76,820.25 F 61745M3P6 5.~~429610~~601877% 15,237,000.00 15,237,000.00 0.00 6871,~~942~~129.4784 G 61745M3Q4 5.~~489610~~661877% 15,237,000.00 15,237,000.00 0.00 6971,~~704~~891.3269 H 61745M3R2 5.~~489610~~661877% 13,333,000.00 13,333,000.00 0.00 6062,~~994~~908.1417 J 61745M3S0 5.~~489610~~661877% 20,950,000.00 20,950,000.00 0.00 9598,~~839~~846.4494 K 61745M3T8 5.013000% 5,714,000.00 5,714,000.00 0.00 23,870.24 L 61745M3U5 5.013000% 5,714,000.00 5,714,000.00 0.00 23,870.24 M 61745M3V3 5.013000% 5,714,000.00 5,714,000.00 0.00 23,870.24 N 61745M3W1 5.013000% 3,809,000.00 3,809,000.00 0.00 15,912.10 O 61745M3X9 5.013000% 1,905,000.00 1,905,000.00 0.00 7,958.14 P 61745M3Y7 5.013000% 3,809,000.00 3,809,000.00 0.00 15,912.10 Q 61745M3Z4 5.013000% 19,046,515.20 19,046,515.20 0.00 79,566.82 S 61745M4L4 0.000000% 0.00 0.00 0.00 0.00 R-I N/A 0.000000% 0.00 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 0.00 R-EA N/A 0.000000% 0.00 0.00 0.00 0.00 Totals 1,523,690,515.20 1,522,~~956~~137,~~515~~220.1033 ~~819~~751,~~294~~103.7758 6,~~444~~450,~~370~~582.5384

Class CUSIP Prepayment Realized Loss/ Total Ending Current Penalties Additional Trust Distribution Balance Subordination Fund Expenses Level (1) A-1 61745M3B7 0.00 0.00 1,~~271~~200,~~996~~720.0489 ~~119~~118,~~446~~695,~~705~~601.1355 20.0203% A-2 61745M3C5 0.00 0.00 644,806.75 160,900,000.00 20.0203% A-3 61745M3D3 0.00 0.00 665,096.50 159,400,000.00 20.0203% A-AB 61745M3E1 0.00 0.00 278,714.00 66,400,000.00 20.0203% A-4 61745M3F8 0.00 0.00 3,063,125.28 711,252,000.00 20.0203% A-J 61745M3H4 0.00 0.00 490,878.35 112,372,000.00 12.64% B 61745M3J0 0.00 0.00 133,882.44 30,474,000.00 10.64% C 61745M3K7 0.00 0.00 84,151.58 19,046,000.00 9.3839% D 61745M3L5 0.00 0.00 67,753.86 15,237,000.00 8.3839% E 61745M3M3 0.00 0.00 76,820.25 17,141,000.00 7.26% F 61745M3P6 0.00 0.00 6871,~~942~~129.4784 15,237,000.00 6.26% G 61745M3Q4 0.00 0.00 6971,~~704~~891.3269 15,237,000.00 5.26% H 61745M3R2 0.00 0.00 6062,~~994~~908.1417 13,333,000.00 4.38% J 61745M3S0 0.00 0.00 9598,~~839~~846.4494 20,950,000.00 3.00% K 61745M3T8 0.00 0.00 23,870.24 5,714,000.00 2.63% L 61745M3U5 0.00 0.00 23,870.24 5,714,000.00 2.25% M 61745M3V3 0.00 0.00 23,870.24 5,714,000.00 1.88% N 61745M3W1 0.00 0.00 15,912.10 3,809,000.00 1.63% O 61745M3X9 0.00 0.00 7,958.14 1,905,000.00 1.50% P 61745M3Y7 0.00 0.00 15,912.10 3,809,000.00 1.25% Q 61745M3Z4 0.00 0.00 79,566.82 19,046,515.20 0.00% S 61745M4L4 0.00 0.00 0.00 0.00 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00% R-III N/A 0.00 0.00 0.00 0.00 0.00% R-EA N/A 0.00 0.00 0.00 0.00 0.00% Totals 0.00 0.00 7,~~263~~201,~~665~~686.3042 1,~~522~~521,~~137~~386,~~220~~116.3375

Class CUSIP Pass-Through Original Beginning Interest Rate Notional Notional Distribution Amount Amount X-1 61745M3N1 0.~~042346~~045866% 1,523,690,515.20 1,522,~~956~~137,~~515~~220.1033 5358,~~742~~178.1468 X-2 61745M3G6 0.~~378563~~543347% 1,486,416,000.00 1,486,416,000.00 ~~468~~673,~~918~~033.5553

Class CUSIP Prepayment Total Ending Penalties Distribution Notional Amount X-1 61745M3N1 0.00 5358,~~742~~178.1468 1,~~522~~521,~~137~~386,~~220~~116.3375 X-2 61745M3G6 0.00 ~~468~~673,~~918~~033.5553 1,486,416,000.00 (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 61745M3B7 ~~993~~987.~~93388347~~16285231 6.~~77103116~~20746760 3.~~74133281~~71584554 0.00000000 0.00000000 ~~987~~980.~~16285231~~95538471 A-2 61745M3C5 1,000.00000000 0.00000000 4.00750000 0.00000000 0.00000000 1,000.00000000 A-3 61745M3D3 1,000.00000000 0.00000000 4.17250000 0.00000000 0.00000000 1,000.00000000 A-AB 61745M3E1 1,000.00000000 0.00000000 4.19750000 0.00000000 0.00000000 1,000.00000000 A-4 61745M3F8 1,000.00000000 0.00000000 4.30666667 0.00000000 0.00000000 1,000.00000000 A-J 61745M3H4 1,000.00000000 0.00000000 4.36833330 0.00000000 0.00000000 1,000.00000000 B 61745M3J0 1,000.00000000 0.00000000 4.39333333 0.00000000 0.00000000 1,000.00000000 C 61745M3K7 1,000.00000000 0.00000000 4.41833351 0.00000000 0.00000000 1,000.00000000 D 61745M3L5 1,000.00000000 0.00000000 4.44666667 0.00000000 0.00000000 1,000.00000000 E 61745M3M3 1,000.00000000 0.00000000 4.48166676 0.00000000 0.00000000 1,000.00000000 F 61745M3P6 1,000.00000000 0.00000000 4.~~52467480~~66823128 0.00000000 0.00000000 1,000.00000000 G 61745M3Q4 1,000.00000000 0.00000000 4.~~57467480~~71823128 0.00000000 0.00000000 1,000.00000000 H 61745M3R2 1,000.00000000 0.00000000 4.~~57467487~~71823071 0.00000000 0.00000000 1,000.00000000 J 61745M3S0 1,000.00000000 0.00000000 4.~~57467494~~71823103 0.00000000 0.00000000 1,000.00000000 K 61745M3T8 1,000.00000000 0.00000000 4.17750088 0.00000000 0.00000000 1,000.00000000 L 61745M3U5 1,000.00000000 0.00000000 4.17750088 0.00000000 0.00000000 1,000.00000000 M 61745M3V3 1,000.00000000 0.00000000 4.17750088 0.00000000 0.00000000 1,000.00000000 N 61745M3W1 1,000.00000000 0.00000000 4.17750066 0.00000000 0.00000000 1,000.00000000 O 61745M3X9 1,000.00000000 0.00000000 4.17750131 0.00000000 0.00000000 1,000.00000000 P 61745M3Y7 1,000.00000000 0.00000000 4.17750066 0.00000000 0.00000000 1,000.00000000 Q 61745M3Z4 1,000.00000000 0.00000000 4.17750014 0.00000000 0.00000000 1,000.00000000 S 61745M4L4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-EA 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 61745M3N1 ~~999~~998.~~51827481~~98057062 0.~~03527103~~03818274 0.00000000 998.~~98057062~~48762040 X-2 61745M3G6 1,000.00000000 0.~~31546926~~45278948 0.00000000 1,000.00000000

Reconciliation Detail Advance Summary P & I Advances Outstanding 23,~~350~~422,~~164~~915.9302 Servicing Advances Outstanding 028,011.0017 Reimbursement for Interest on Advances 0.00 paid from general collections

Servicing Fee Summary Current Period Accrued Master Servicing Fees 5253,~~221~~868.8118 Less Delinquent Master Servicing Fees 2419,~~155~~346.5593 Less Reductions to Master Servicing Fees 0.00 Plus Master Servicing Fees for Delinquent Payments Received 024,155.0055 Plus Adjustments for Prior Master Servicing Calculation 0.00 Total Master Servicing Fees Collected 2858,~~066~~676.2680

Certificate Interest Reconciliation Class Accrued Net Aggregate Distributable Distributable Additional Interest Remaining Unpaid Certificate Prepayment Certificate Certificate Trust Fund Distribution Distributable Interest Interest Interest Interest Expenses Certificate Shortfall Adjustment Interest A-1 ~~452~~449,~~701~~617.2731 0.00 ~~452~~449,~~701~~617.2731 0.00 0.00 ~~452~~449,~~701~~617.2731 0.00 A-2 644,806.75 0.00 644,806.75 0.00 0.00 644,806.75 0.00 A-3 665,096.50 0.00 665,096.50 0.00 0.00 665,096.50 0.00 A-AB 278,714.00 0.00 278,714.00 0.00 0.00 278,714.00 0.00 A-4 3,063,125.28 0.00 3,063,125.28 0.00 0.00 3,063,125.28 0.00 A-J 490,878.35 0.00 490,878.35 0.00 0.00 490,878.35 0.00 X-1 5358,~~742~~178.1468 0.00 5358,~~742~~178.1468 0.00 0.00 5358,~~742~~178.1468 0.00 X-2 ~~468~~673,~~918~~033.5553 0.00 ~~468~~673,~~918~~033.5553 0.00 0.00 ~~468~~673,~~918~~033.5553 0.00 B 133,882.44 0.00 133,882.44 0.00 0.00 133,882.44 0.00 C 84,151.58 0.00 84,151.58 0.00 0.00 84,151.58 0.00 D 67,753.86 0.00 67,753.86 0.00 0.00 67,753.86 0.00 E 76,820.25 0.00 76,820.25 0.00 0.00 76,820.25 0.00 F 6871,~~942~~129.4784 0.00 6871,~~942~~129.4784 0.00 0.00 6871,~~942~~129.4784 0.00 G 6971,~~704~~891.3269 0.00 6971,~~704~~891.3269 0.00 0.00 6971,~~704~~891.3269 0.00 H 6062,~~994~~908.1417 0.00 6062,~~994~~908.1417 0.00 0.00 6062,~~994~~908.1417 0.00 J 9598,~~839~~846.4494 0.00 9598,~~839~~846.4494 0.00 0.00 9598,~~839~~846.4494 0.00 K 23,870.24 0.00 23,870.24 0.00 0.00 23,870.24 0.00 L 23,870.24 0.00 23,870.24 0.00 0.00 23,870.24 0.00 M 23,870.24 0.00 23,870.24 0.00 0.00 23,870.24 0.00 N 15,912.10 0.00 15,912.10 0.00 0.00 15,912.10 0.00 O 7,958.14 0.00 7,958.14 0.00 0.00 7,958.14 0.00 P 15,912.10 0.00 15,912.10 0.00 0.00 15,912.10 0.00 Q 79,566.82 0.00 79,566.82 0.00 0.00 79,566.82 0.00 Total 67,~~967~~181,~~031~~795.2205 0.00 67,~~967~~181,~~031~~795.2205 0.00 0.00 67,~~967~~181,~~031~~795.2205 0.00

Other Required Information Available Distribution Amount (1) 7,~~786~~932,~~325~~898.9963 Aggregate Number of Outstanding Loans 96 Aggregate Unpaid Principal Balance of Loans 1,~~522~~521,~~310~~507,~~312~~908.1889 Aggregate Stated Principal Balance of Loans 1,~~522~~521,~~137~~386,~~220~~116.3375 Aggregate Amount of Servicing Fee 2858,~~066~~676.2680 Aggregate Amount of Special Servicing Fee 0.00 Aggregate Amount of Trustee Fee 1,~~903~~963.7019 Aggregate Amount of Paying Agent Fee 0.00 Aggregate Trust Fund Expenses 0.00 Interest Reserve Deposit 0.00 Interest Reserve Withdrawal 0.00 Specially Serviced Loans not Delinquent Number of Outstanding Loans 0 Aggregate Unpaid Principal Balance 0.00 (1) The Available Distribution Amount includes any Prepayment Premiums.

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 7,237,626.39 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 7,237,626.39 Principal: Scheduled Principal 751,103.52 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 751,103.52 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 7,988,729.91 Total Funds Distributed Fees: Master Servicing Fee 53,868.18 Trustee Fee 1,963.19 Paying Agent Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 55,831.37 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 7,181,795.05 Principal Distribution 751,103.58 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 7,932,898.63 Total Funds Distributed 7,988,730.00

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 6 9,~~090~~083,~~425~~472.9169 0.60 ~~123~~122 5.~~6265~~6263 1.~~978514~~978968 2,000,001 to 3,000,000 7 17,~~671~~656,~~235~~891.6468 1.16 ~~106~~105 5.~~4296~~4295 1.~~726260~~726501 3,000,001 to 4,000,000 8 3029,~~001~~976,~~613~~011.2637 1.97 ~~114~~113 5.7490 1.~~362887~~362912 4,000,001 to 5,000,000 15 68,~~898~~835,~~229~~616.0130 4.5352 ~~115~~114 5.6334 1.~~435927~~436013 5,000,001 to 6,000,000 8 45,~~366~~327,~~865~~743.2986 2.98 ~~101~~100 5.5672 1.~~564206~~564211 6,000,001 to 7,000,000 9 58,~~162~~105,~~653~~650.9679 3.82 ~~104~~103 5.6514 1.~~396974~~396999 7,000,001 to 8,000,000 3 23,~~286~~272,~~785~~610.9635 1.53 ~~116~~115 5.6396 1.~~641137~~641139 8,000,001 to 9,000,000 4 33,~~371~~356,~~745~~005.3569 2.19 ~~106~~105 5.4728 1.~~532211~~532270 9,000,001 to 10,000,000 2 18,880,000.00 1.24 ~~117~~116 5.2227 1.709661 10,000,001 to 15,000,000 12 151,~~703~~604,~~495~~663.5761 9.9796 ~~116~~115 5.2980 1.~~850742~~850969 15,000,001 to 20,000,000 1 16,~~400~~377,~~022~~339.6688 1.08 ~~116~~115 5.7300 1.210000 20,000,001 to 30,000,000 5 119,~~178~~088,~~600~~702.7446 7.83 9998 5.~~5134~~5130 2.~~331831~~332562 30,000,001 or greater 16 ~~930~~929,~~125~~821,~~546~~408.9807 61.1112 9796 5.~~5522~~5520 2.~~100932~~101142 Totals 96 1,~~522~~521,~~137~~386,~~220~~116.3375 100.00 ~~102~~101 5.~~5321~~5319 1.~~967495~~967760

State (3) State # of Scheduled % of WAM WAC Weighted Props Balance Agg. (2) Avg DSCR (1) Bal. Arizona 3 36,~~518~~500,~~691~~079.3322 2.40 ~~100~~99 5.~~5552~~5554 1.~~498506~~498571 California 22 247,~~183~~113,~~457~~547.6934 16.24 ~~116~~115 5.3655 1.~~585249~~585274 Connecticut 1 6,~~721~~714,~~012~~733.9389 0.44 ~~116~~115 5.6400 1.290000 Florida 6 30,~~581~~553,~~743~~077.1191 2.01 ~~115~~114 5.~~6601~~6602 1.~~488236~~488243 Georgia 10 2019,~~004~~998,~~401~~463.6899 1.31 ~~100~~99 5.~~4141~~4140 1.~~621938~~622022 Illinois 2 10,~~965~~949,~~496~~921.4508 0.72 ~~118~~117 5.5100 1.570000 Indiana 1 14,~~926~~910,~~169~~002.8079 0.98 ~~116~~115 5.0400 2.010000 Kansas 5 114,~~867~~628,~~846~~575.9549 7.5553 5554 6.~~6370~~6367 1.~~308175~~308203 Louisiana 2 7,~~287~~279,~~587~~690.8358 0.48 ~~156~~155 5.7052 1.~~416965~~416958 Maryland 1 9,600,000.00 0.63 ~~118~~117 5.1480 1.690000 Massachusetts 1 8,368,571.43 0.55 ~~109~~108 4.8400 3.750000 Michigan 4 20,~~980~~960,~~247~~850.0519 1.38 ~~106~~105 5.3864 1.~~481504~~481672 Minnesota 1 6,~~467~~457,~~358~~645.8055 0.42 5756 5.2500 1.630000 Missouri 2 12,~~037~~024,~~555~~328.2337 0.79 ~~115~~114 5.~~6365~~6366 1.~~510059~~510049 Nebraska 2 8,~~313~~301,~~313~~505.2200 0.55 ~~118~~117 5.5100 1.570000 Nevada 2 19,560,000.00 1.29 ~~116~~115 5.4051 1.651166 New Jersey 7 86,~~468~~420,~~233~~658.9308 5.68 ~~109~~108 5.~~1029~~1027 2.~~662177~~662882 New Mexico 1 8,600,000.00 0.5657 ~~116~~115 5.6500 1.560000 New York 9 329,~~406~~385,~~465~~731.2050 21.6465 9392 5.6601 2.~~717808~~717895 North Carolina 2 11,~~715~~704,~~650~~010.5089 0.77 ~~115~~114 5.4147 1.~~419825~~419832 Ohio 2 25,~~238~~213,~~818~~720.3441 1.66 ~~115~~114 5.5075 1.~~334680~~334679 Pennsylvania 8 60,~~926~~870,~~336~~845.2673 4.00 ~~109~~108 5.6368 1.~~394904~~394961 South Carolina 1 14,~~540~~528,~~780~~140.92 0.9695 ~~178~~177 5.8670 1.400000 Tennessee 2 13,~~809~~807,~~935~~240.7178 0.91 ~~110~~109 4.~~9557~~9556 3.~~277582~~277960 Texas 11 ~~213~~212,~~097~~991,~~710~~545.3991 14.00 8584 5.~~2171~~2170 2.~~130131~~130337 Virginia 4 50,~~065~~019,~~641~~158.2560 3.29 ~~112~~111 5.7649 1.215969 Washington 2 12,~~087~~077,~~835~~620.7369 0.79 ~~114~~113 6.0966 1.~~443850~~443859 Washington,DC 4 194,470,000.00 12.78 ~~113~~112 5.5082 2.360326 Wisconsin 1 6,~~740~~731,~~199~~466.5530 0.44 ~~119~~118 5.9600 1.300000 Totals 119 1,~~522~~521,~~137~~386,~~220~~116.3375 100.00 ~~102~~101 5.~~5321~~5319 1.~~967495~~967760

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 1 36,~~694~~660,~~749~~111.1202 2.41 ~~112~~111 5.7000 1.200000 1.21 to 1.30 22 193,~~545~~258,~~247~~190.0823 12.7270 8685 6.~~0977~~0974 1.~~271440~~271442 1.31 to 1.40 19 261,~~400~~253,~~050~~495.9285 17.17 ~~118~~117 5.~~7408~~7409 1.~~373001~~373013 1.41 to 1.50 13 99,~~483~~401,~~359~~761.0097 6.5453 ~~111~~110 5.6589 1.~~459395~~459394 1.51 to 1.60 11 ~~233~~232,~~038~~932,~~280~~933.5264 15.31 ~~116~~115 5.~~3613~~3612 1.~~552394~~552387 1.61 to 1.70 7 74,~~818~~805,~~724~~217.9642 4.92 ~~106~~105 5.5631 1.~~638006~~638008 1.71 to 1.80 3 23,~~753~~747,~~136~~243.1916 1.56 ~~102~~101 5.2757 1.~~746152~~746143 1.81 or greater 20 599,~~403~~327,~~672~~163.5446 39.3839 9190 5.2998 2.~~794107~~794206 Totals 96 1,~~522~~521,~~137~~386,~~220~~116.3375 100.00 ~~102~~101 5.~~5321~~5319 1.~~967495~~967760

Property Type (3) Property # of Scheduled % of WAM WAC Weighted Type Props Balance Agg. (2) Avg DSCR (1) Bal. Industrial 7 50,~~701~~644,~~575~~161.8969 3.33 ~~108~~107 5.6954 1.~~330083~~330103 Lodging 1 24,~~846~~811,~~443~~495.7358 1.63 ~~116~~115 5.6400 1.470000 Mixed Use 2 3837,~~029~~993,~~965~~151.4672 2.50 ~~112~~111 5.5948 1.331685 Multi-Family 5 13,~~812~~807,~~239~~165.3708 0.91 ~~114~~113 5.~~5779~~5778 1.~~643832~~643956 Office 44 886,~~921~~798,~~677~~854.8973 58.2729 ~~102~~101 5.4532 2.~~451639~~451792 Other 2 10,~~832~~822,~~358~~645.8055 0.71 5655 5.~~2943~~2944 1.~~762977~~763096 Retail 48 ~~556~~555,~~012~~482,~~521~~746.5720 36.5351 9998 5.~~6761~~6757 1.~~495511~~495557 Self Storage 10 20,~~394~~380,~~278~~912.5710 1.34 ~~115~~114 5.~~6409~~6408 1.~~532628~~532677 Totals 119 1,~~522~~521,~~137~~386,~~220~~116.3375 100.00 ~~102~~101 5.~~5321~~5319 1.~~967495~~967760

Note Rate Note Rate # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 5.000% or less 10 150,~~618~~611,~~362~~817.4843 9.90 ~~108~~107 4.8422 3.~~682483~~682559 5.001% to 5.500% 31 563,~~300~~092,~~345~~110.2991 37.01 ~~100~~99 5.~~2512~~2511 1.~~838238~~838325 5.501% to 6.000% 47 711,~~571~~209,~~043~~917.5852 46.75 ~~107~~106 5.~~7390~~7391 1.~~797217~~797422 6.001% to 6.500% 6 26,~~920~~898,~~774~~171.6846 1.77 ~~112~~111 6.~~1597~~1598 1.~~384345~~384348 6.501% or greater 2 69,~~726~~574,~~694~~099.3043 4.5857 4443 6.~~9374~~9373 1.270000 Totals 96 1,~~522~~521,~~137~~386,~~220~~116.3375 100.00 ~~102~~101 5.~~5321~~5319 1.~~967495~~967760

Seasoning Seasoning # of Scheduled % of WAM WAC Weighted Loans Balance Agg. (2) Avg DSCR (1) Bal. 12 months or less 9291 1,~~384~~377,~~001~~676,~~001~~200.9802 90.9255 ~~102~~101 5.~~5064~~5087 1.~~975146~~975566 13 to 24 months 34 ~~115~~120,~~150~~757,~~605~~008.4130 7.5794 ~~107~~104 5.~~5857~~5539 2.~~014770~~011328 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 1 22,~~985~~952,~~612~~908.9443 1.51 4443 6.8100 1.270000 Totals 96 1,~~522~~521,~~137~~386,~~220~~116.3375 100.00 ~~102~~101 5.~~5321~~5319 1.~~967495~~967760

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 8 228,~~892~~678,~~396~~244.0809 15.0403 5352 6.~~1114~~1110 1.~~838839~~839193 61 to 120 months 84 1,195,~~591~~072,~~841~~964.0738 78.55 ~~109~~108 5.~~4380~~4379 2.~~028835~~029099 121 months or greater 3 20,~~792~~774,~~983~~908.1828 1.37 ~~178~~177 5.8670 1.400000 Totals 95 1,~~445~~444,~~277~~526,~~220~~116.3375 94.95 ~~101~~100 5.~~5508~~5507 1.~~989698~~989988

Remaining Amortization Term (ARD and Balloon Loans) Remaining Amortization # of Scheduled % of WAM WAC Weighted Term Loans Balance Agg. (2) Avg DSCR (1) Bal. Interest Only 13 455,205,000.00 29.9192 9089 5.2658 3.002919 240 months or less 1 46,~~741~~621,~~081~~191.3600 3.0706 4443 7.0000 1.270000 241 to 300 months 17 ~~214~~213,~~269~~982,~~273~~212.1154 14.0806 9897 5.6756 1.~~542941~~542953 301 months or greater 64 ~~729~~728,~~061~~717,~~865~~713.8621 47.90 ~~112~~111 5.5992 1.~~534514~~534576 Totals 95 1,~~445~~444,~~277~~526,~~220~~116.3375 94.95 ~~101~~100 5.~~5508~~5507 1.~~989698~~989988

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 94 1,~~439~~438,~~637~~886,~~220~~116.3375 94.58 ~~101~~100 5.~~5324~~5323 1.~~868212~~868440 1 year or less 2 82,500,000.00 5.42 ~~115~~114 5.5260 3.700000 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 96 1,~~522~~521,~~137~~386,~~220~~116.3375 100.00 ~~102~~101 5.~~5321~~5319 1.~~967495~~967760 (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 Master Servicer is used. To the extent that no DSCR is provided by the Master 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 30250471 1A OF Washington DC DC ~~131~~136,~~970~~369.6769 0.00 4.840% 30250472 1B OF Washington DC DC 9497,~~259~~400.0097 0.00 4.840% 30250478 1C OF Washington DC DC 4748,~~149~~721.6732 0.00 4.840% 30250475 2A OF Various Various ~~141~~146,~~731~~455.3371 0.00 4.840% 30250476 2B OF Various Various ~~101~~104,~~236~~611.6722 0.00 4.840% 30250477 2C OF Various Various 5052,~~618~~305.3361 0.00 4.840% 30250473 3A OF Brea CA 8,~~631~~919.3304 0.00 4.840% 30250474 3B OF Brea CA 6,~~171~~376.0070 0.00 4.840% 30250479 3C OF Brea CA 3,~~065~~167.3351 0.00 4.840% 30250540 4 OF Houston TX ~~501~~518,~~763~~488.4691 0.00 5.030% 30250388 5 OF Washington DC ~~572~~591,~~125~~195.0083 0.00 5.970% 30250492 6 OF New York NY ~~531~~548,~~009~~709.0030 0.00 5.900% 30244032 7A OF New York NY ~~184~~190,~~200~~340.00 0.00 5.526% 30244031 7B OF New York NY ~~195~~202,~~712~~236.5025 0.00 5.526% 30250483 8 RT Goleta CA ~~331~~342,~~779~~838.0030 0.00 5.180% 30250484 9 OF New York NY ~~343~~354,~~545~~997.8336 0.00 5.497% 30250384 10 RT Wichita KS ~~273~~272,~~351~~656.6131 119,~~195~~890.0636 7.000% 30250385 11 RT Wichita KS 130,~~627~~443.9035 32,~~519~~704.9651 6.810% 30250489 12 RT Oceanside CA ~~227~~235,~~933~~531.3311 0.00 5.260% 30250488 13 RT Various Various ~~231~~238,~~246~~580.1567 7871,~~756~~422.9341 5.510% 30250383 14 RT Reston VA ~~174~~180,~~491~~110.2806 4034,~~256~~638.8810 5.700% 30250480 15 OF Various Various ~~168~~173,~~296~~905.0087 0.00 5.790% 30250446 16 MU Philadelphia PA ~~153~~158,~~319~~255.8701 3631,~~334~~399.3420 5.610% 30250442 17 RT Houston TX ~~142~~147,~~722~~242.4560 5146,~~308~~788.9984 5.370% 30250494 18 LO Dallas TX ~~116~~120,~~959~~670.9890 3834,~~659~~948.0715 5.640% 30250448 19 OF Cleveland OH ~~104~~108,~~968~~345.2785 2522,~~623~~245.2062 5.500% 30250495 20 OF Charleston SC 7173,~~165~~462.3304 1412,~~936~~640.7100 5.867% 30250496 21 OF Baton Rouge LA 2324,~~565~~325.1062 4,~~946~~185.0250 5.867% 30250497 22 OF Bakersfield CA 7,~~034~~261.3638 1,~~476~~249.4240 5.867% 30250399 23 IN Linden NJ 7880,~~430~~920.3145 2522,~~172~~682.9278 5.730% 30250486 24 RT Richmond IN 6264,~~762~~779.3958 1716,~~257~~167.0901 5.040% 30250389 25 RT Walnut Creek CA 6668,~~266~~475.6756 0.00 5.600% 30250498 26 RT Encino CA 6062,~~277~~182.4984 2321,~~204~~299.7237 5.200% 30250451 27 RT Voorhees NJ 5658,~~568~~385.6446 1513,~~364~~548.8907 5.200% 30250469 28 OF Los Angeles CA 5759,~~604~~459.1752 1311,~~604~~749.9156 5.530% 30250470 29 OF Phoenix AZ 5253,~~092~~765.2479 1412,~~091~~417.1964 5.180% 30250387 30 RT Pasadena CA 5456,~~600~~420.00 0.00 5.600% 30250468 31 RT Topeka KS 4445,~~042~~456.9347 1211,~~423~~010.8531 5.100% 30250464 32 RT Las Vegas NV 4748,~~072~~687.2922 ~~(9,681~~0.~~49)~~00 5.500% 30250499 33 OF Frederick MD 4142,~~184~~556.0080 0.00 5.148% 30250454 34 RT Las Vegas NV 4042,~~986~~352.6788 0.00 5.300% 30250531 35 OF Albuquerque NM 4041,~~491~~841.6739 0.00 5.650% 30250500 36 OF Duluth GA 3637,~~479~~695.1714 0.00 5.150% 30250441 37 OF Bayonet Point FL 3738,~~187~~383.9272 98,~~419~~223.1333 5.400% 30250532 38 IN St. Louis MO 3839,~~123~~351.1500 87,~~744~~516.1833 5.700% 30250462 39 RT Lake Buena Vista FL 3940,~~079~~340.6241 87,~~268~~008.9718 5.880% 30250482 40 SS San Diego CA 3537,~~990~~190.6331 0.00 5.500% 30250466 41 OF Santa Rosa CA 3435,~~449~~558.1202 87,~~276~~167.3343 5.530% 30250502 42 RT Suwanee GA 3132,~~441~~489.6772 0.00 5.390% 30250541 43 RT Milwaukee WI 3334,~~525~~592.0020 98,~~800~~733.4525 5.960% 30250457 44 IN Shelton CT 3132,~~623~~641.0672 76,~~297~~279.7004 5.640% 30250459 45 OT Bloomington MN 2829,~~341~~237.1185 109,~~609~~713.9925 5.250% 30250529 46 OF Novi MI 2930,~~789~~733.8654 109,~~320~~376.1647 5.550% 30250396 47 RT Virginia Beach VA 3233,~~184~~223.6131 65,~~516~~477.4272 6.080% 30250394 48 RT Redding CA 3132,~~755~~779.2391 65,~~462~~437.0335 6.080% 30250439 49 RT Vancouver WA 2930,~~513~~463.0090 65,~~591~~640.7787 5.790% 30250467 50 RT Midland MI 26,~~050~~887.6326 76,~~181~~345.8522 5.130% 30250503 51 OF Olympia WA 3132,~~961~~995.0748 54,~~608~~574.5817 6.410% 30250504 52 RT Northridge CA 2627,~~994~~862.2552 65,~~761~~893.3003 5.417% 30250443 53 RT Fayetteville NC 2526,~~402~~217.0669 6,~~959~~143.0441 5.190% 30250533 54 RT Raleigh NC 2728,~~521~~408.7110 65,~~382~~496.6020 5.640% 30250453 55 IN Brooklyn NY 2829,~~501~~421.5515 5,~~974~~055.6303 5.920% 30250391 56 RT East Brunswick NJ 2223,~~971~~706.37 76,~~280~~545.05 4.900% 30250390 57 MU Brooklyn NY 24,~~185~~962.3217 65,~~191~~414.3954 5.500% 30250461 58 RT Cypress TX 23,~~142~~913.0040 0.00 5.510% 30250505 59 RT Miami Beach FL 2223,~~860~~596.8752 54,~~559~~824.9631 5.510% 30250393 60 RT Brooklyn NY 2526,~~394~~214.8067 54,~~034~~214.2437 6.140% 30250506 61 OF Cedar Park TX 2223,~~823~~558.6942 54,~~463~~728.2552 5.540% 30250465 62 OF Basking Ridge NJ 2223,~~488~~212.9051 54,~~523~~799.5695 5.470% 30250386 63 IN Philadelphia PA 22,~~041~~751.9726 54,~~332~~623.4920 5.540% 30250481 64 IN Katy TX 2021,~~777~~443.5544 5,~~688~~022.2334 5.450% 30250534 65 Various Various GA 2223,~~367~~078.2980 65,~~649~~937.2169 5.950% 30250455 66 SS Cerritos CA 21,~~137~~818.5845 4,~~866~~185.4861 5.660% 30250507 67 MF Flint MI 1920,~~525~~176.3318 0.00 5.230% 30250440 68 IN Philadelphia PA 2122,~~448~~128.1572 6,~~916~~235.0548 5.770% 30250452 69 OT Shartlesville PA 1920,~~497~~146.0090 0.00 5.360% 30250535 70 RT Dallas TX 20,~~175~~826.9004 43,~~545~~894.0087 5.720% 30250456 71 RT San Jose CA 1819,~~935~~544.7249 4,~~849~~241.8104 5.370% 30250447 72 RT Johnstown PA 2021,~~744~~403.6977 65,~~378~~719.9183 5.900% 30250392 73 MF Pittsburgh PA 1819,~~933~~564.3345 0.00 5.680% 30250508 74 RT Chelsea MI 1819,~~906~~515.2951 43,~~284~~675.3917 5.690% 30250458 75 SS Fort Myers FL 1819,~~522~~118.1445 43,~~390~~794.6029 5.580% 30250400 76 OF Sarasota FL 19,~~270~~891.2142 43,~~158~~537.6847 5.900% 30250397 77 RT Newport News VA 1819,~~715~~318.5852 43,~~210~~607.3036 5.770% 30250460 78 OF Pittsburgh PA 1718,~~926~~496.3901 54,~~552~~982.2058 5.840% 30250395 79 MF Bronx NY 16,~~212~~734.5756 3,~~767~~245.5455 5.680% 30250537 80 OF Falls Church VA 15,~~387~~884.6004 32,~~255~~759.9147 5.880% 30250509 81 RT Austin TX 1213,~~845~~273.2037 0.00 5.667% 30250449 82 RT Franklin TN 12,~~263~~657.5185 32,~~089~~694.2793 5.430% 30250444 83 RT Philadelphia PA 12,~~581~~986.7192 2,~~935~~530.4524 5.610% 30250463 84 RT Houston TX 11,~~584~~956.0260 2,~~927~~554.3173 5.380% 30250450 85 OF Hammond LA 11,~~124~~476.6864 43,~~063~~711.7175 5.390% 30250530 86 OF Cleveland OH 1011,~~999~~350.4773 32,~~203~~852.5631 5.580% 30250445 87 RT Jamaica NY 9,~~360~~657.4134 32,~~101~~804.1421 5.650% 30250538 88 OF Bakersfield CA 9,~~547~~855.0419 1,~~930~~621.0893 6.070% 30250398 89 MF Cocoa FL 7,~~483~~725.6928 1,~~519~~277.2162 6.010% Totals 7,~~021~~237,~~156~~626.6739 ~~819~~751,~~294~~103.7752

Loan Anticipated Maturity Neg. Beginning Ending Paid Thru Number Repayment Date Amort Scheduled Scheduled Date Date (Y/N) Balance Balance 30250471 N/A 06/07/2014 N 32,720,000.00 32,720,000.00 05/07/2005 30250472 N/A 06/07/2014 N 23,370,000.00 23,370,000.00 05/07/2005 30250478 N/A 06/07/2014 N 11,690,000.00 11,690,000.00 05/07/2005 30250475 N/A 06/07/2014 N 35,140,000.00 35,140,000.00 05/07/2005 30250476 N/A 06/07/2014 N 25,100,000.00 25,100,000.00 05/07/2005 30250477 N/A 06/07/2014 N 12,550,000.00 12,550,000.00 05/07/2005 30250473 N/A 06/07/2014 N 2,140,000.00 2,140,000.00 05/07/2005 30250474 N/A 06/07/2014 N 1,530,000.00 1,530,000.00 05/07/2005 30250479 N/A 06/07/2014 N 760,000.00 760,000.00 05/07/2005 30250540 N/A 11/07/2011 N 119,705,000.00 119,705,000.00 0405/07/2005 30250388 N/A 12/07/2014 N 115,000,000.00 115,000,000.00 05/07/2005 30250492 N/A 02/01/2010 N 108,000,000.00 108,000,000.00 0406/07/2005 30244032 N/A 12/08/2014 N 40,000,000.00 40,000,000.00 0506/08/2005 30244031 N/A 12/08/2014 N 42,500,000.00 42,500,000.00 0506/08/2005 30250483 01/01/2015 01/01/2035 N 76,860,000.00 76,860,000.00 0506/01/2005 30250484 N/A 04/01/2014 N 75,000,000.00 75,000,000.00 0405/01/2005 30250384 N/A 01/01/2009 N 46,~~860~~741,~~276~~081.4236 46,~~741~~621,~~081~~191.3600 0506/01/2005 30250385 N/A 01/01/2009 N 2322,~~018~~985,~~132~~612.9094 22,~~985~~952,~~612~~908.9443 0506/01/2005 30250489 N/A 03/01/2015 N 52,000,000.00 52,000,000.00 0506/01/2005 30250488 03/01/2015 03/01/2030 N 50,~~362~~283,~~137~~380.7986 50,~~283~~211,~~380~~958.8645 0506/01/2005 30250383 N/A 09/08/2014 N 36,~~735~~694,~~006~~749.0012 36,~~694~~660,~~749~~111.1202 05/08/2005 30250480 N/A 03/01/2014 N 34,880,000.00 34,880,000.00 0506/01/2005 30250446 N/A 10/01/2014 N 32,~~795~~759,~~694~~360.3905 32,~~759~~727,~~360~~960.0585 0506/01/2005 30250442 N/A 02/01/2010 N 31,~~893~~841,~~284~~975.5859 31,~~841~~795,~~975~~186.5975 0506/01/2005 30250494 N/A 01/01/2015 N 24,~~885~~846,~~102~~443.8073 24,~~846~~811,~~443~~495.7358 0406/01/2005 30250448 N/A 12/08/2014 N 22,~~902~~876,~~167~~544.2707 22,~~876~~854,~~544~~298.0745 0506/08/2005 30250495 N/A 03/01/2020 N 14,~~555~~540,~~717~~780.6392 14,~~540~~528,~~780~~140.92 0406/01/2005 30250496 N/A 03/01/2020 N 4,~~819~~814,~~860~~914.4038 4,~~814~~810,~~914~~728.3888 0406/01/2005 30250497 N/A 03/01/2020 N 1,~~438~~437,~~764~~287.3088 1,~~437~~436,~~287~~038.8848 0406/01/2005 30250399 N/A 01/01/2015 N 16,~~425~~400,~~195~~022.5866 16,~~400~~377,~~022~~339.6688 0506/01/2005 30250486 N/A 01/01/2015 N 14,~~943~~926,~~426~~169.8980 14,~~926~~910,~~169~~002.8079 0405/01/2005 30250389 N/A 01/08/2015 N 14,200,000.00 14,200,000.00 05/08/2005 30250498 N/A 12/11/2014 N 13,~~910~~886,~~190~~985.7199 13,~~886~~865,~~985~~686.9962 0405/11/2005 30250451 N/A 01/01/2015 N 13,~~054~~038,~~301~~936.1829 13,~~038~~025,~~936~~388.2922 0506/01/2005 30250469 N/A 04/01/2015 N 12,~~500~~486,~~000~~395.0009 12,~~486~~474,~~395~~645.0953 0506/01/2005 30250470 N/A 03/01/2012 N 12,~~067~~053,~~700~~608.0889 12,~~053~~041,~~608~~191.8925 0506/01/2005 30250387 N/A 12/08/2014 N 11,700,000.00 11,700,000.00 0405/11/2005 30250468 N01/A01/2012 01/01/~~2012~~2035 N 10,~~363~~350,~~042~~618.4459 10,~~350~~339,~~618~~608.5928 0406/01/2005 30250464 N/A 02/01/2015 N 10,~~270~~280,~~318~~000.5100 10,280,000.00 0506/01/2005 30250499 N/A 03/01/2015 N 9,600,000.00 9,600,000.00 0406/01/2005 30250454 N/A 12/01/2014 N 9,280,000.00 9,280,000.00 0506/01/2005 30250531 N/A 01/01/2015 N 8,600,000.00 8,600,000.00 0506/01/2005 30250500 N/A 12/11/2011 N 8,500,000.00 8,500,000.00 0405/11/2005 30250441 N/A 12/01/2014 N 8,~~263~~254,~~982~~563.4734 8,~~254~~246,~~563~~340.3401 0506/01/2005 30250532 N/A 10/01/2014 N 8,~~025~~017,~~926~~182.1901 8,~~017~~009,~~182~~665.0168 0405/01/2005 30250462 N/A 01/01/2015 N 7,~~975~~967,~~433~~164.6467 7,~~967~~960,~~164~~156.6749 0506/01/2005 30250482 N/A 12/08/2014 N 7,852,500.00 7,852,500.00 0506/08/2005 30250466 N/A 01/01/2015 N 7,~~475~~467,~~397~~121.6229 7,~~467~~459,~~121~~953.2986 0506/01/2005 30250502 N/A 12/01/2014 N 7,000,000.00 7,000,000.00 0506/01/2005 30250541 N/A 04/01/2015 N 6,~~750~~740,~~000~~199.0055 6,~~740~~731,~~199~~466.5530 0405/01/2005 30250457 N/A 01/01/2015 N 6,~~728~~721,~~310~~012.6393 6,~~721~~714,~~012~~733.9389 0506/01/2005 30250459 N02/A01/2010 02/01/~~2010~~2030 N 6,~~477~~467,~~968~~358.7980 6,~~467~~457,~~358~~645.8055 0506/01/2005 30250529 N/A 10/01/2014 N 6,~~441~~430,~~051~~731.6852 6,~~430~~421,~~731~~355.52 05 06/01/2005 30250396 N/A 08/01/2014 N 6,~~352~~345,~~225~~708.1977 6,~~345~~340,~~708~~231.77 05 06/01/2005 30250394 N/A 07/08/2014 N 6,~~267~~261,~~479~~017.5956 6,~~261~~255,~~017~~580.5621 0506/08/2005 30250439 N/A 09/09/2014 N 6,~~116~~110,~~684~~092.1841 6,~~110~~104,~~092~~451.4154 0506/09/2005 30250467 N03/A01/2012 03/01/~~2012~~2035 N 6,~~093~~086,~~714~~532.2742 6,~~086~~080,~~532~~187.4220 0406/01/2005 30250503 N/A 01/01/2015 N 5,~~983~~977,~~351~~743.9032 5,~~977~~973,~~743~~169.3215 0406/01/2005 30250504 N/A 01/11/2015 N 5,~~979~~973,~~897~~136.4919 5,~~973~~967,~~136~~243.1916 0405/11/2005 30250443 N/A 12/01/2014 N 5,~~873~~866,~~308~~349.8177 5,~~866~~860,~~349~~206.7736 0506/01/2005 30250533 N/A 12/01/2014 N 5,~~855~~849,~~683~~300.3373 5,~~849~~843,~~300~~804.7353 0405/01/2005 30250453 N/A 12/01/2009 N 5,~~777~~771,~~342~~367.0239 5,~~771~~766,~~367~~312.3936 0506/01/2005 30250391 N/A 05/01/2011 N 5,~~625~~618,~~642~~362.5348 5,~~618~~611,~~362~~817.4843 0506/01/2005 30250390 N/A 03/01/2014 N 5,~~276~~270,~~796~~605.8041 5,~~270~~265,~~605~~190.4187 0506/01/2005 30250461 N/A 01/01/2015 N 5,040,000.00 5,040,000.00 0406/01/2005 30250505 N12/A01/2014 12/01/~~2014~~2034 N 4,~~978~~973,~~774~~214.5963 4,~~973~~968,~~214~~390.6332 0506/01/2005 30250393 N/A 08/01/2014 N 4,~~963~~958,~~152~~118.4824 4,~~958~~953,~~118~~903.2487 0406/01/2005 30250506 N/A 01/01/2015 N 4,~~943~~938,~~760~~296.1186 4,~~938~~933,~~296~~568.8634 0506/01/2005 30250465 N/A 01/01/2015 N 4,~~933~~928,~~578~~055.9236 4,~~928~~923,~~055~~255.3641 0506/01/2005 30250386 N/A 11/01/2014 N 4,~~774~~769,~~433~~101.6617 4,~~769~~764,~~101~~477.1797 0506/01/2005 30250481 N/A 12/01/2014 N 4,~~574~~569,~~874~~186.4320 4,~~569~~564,~~186~~163.2086 0506/01/2005 30250534 N/A 02/01/2015 N 4,~~511~~504,~~050~~401.6847 4,~~504~~498,~~401~~463.4778 0405/01/2005 30250455 N/A 12/01/2014 N 4,~~481~~476,~~465~~598.3385 4,~~476~~472,~~598~~413.8524 0506/01/2005 30250507 N/A 03/01/2015 N 4,480,000.00 4,480,000.00 05/01/2005 30250440 N/A 10/01/2014 N 4,~~460~~453,~~619~~703.5853 4,~~453~~447,~~703~~468.53 05 06/01/2005 30250452 N/A 11/01/2009 N 4,365,000.00 4,365,000.00 0406/01/2005 30250535 N/A 12/01/2014 N 4,~~232~~228,~~706~~161.33 4,~~228~~224,~~161~~266.3346 0405/01/2005 30250456 N/A 12/01/2014 N 4,~~231~~226,~~446~~596.7594 4,~~226~~222,~~596~~355.9490 0506/01/2005 30250447 N/A 11/01/2014 N 4,~~219~~212,~~258~~880.9605 4,~~212~~207,~~880~~160.0522 0506/01/2005 30250392 N/A 08/01/2014 N 4,000,000.00 4,000,000.00 0506/01/2005 30250508 N/A 01/01/2015 N 3,~~987~~982,~~267~~983.5011 3,~~982~~979,~~983~~307.1194 0406/01/2005 30250458 N/A 12/01/2014 N 3,~~983~~978,~~256~~866.7616 3,~~978~~975,~~866~~071.1687 0506/01/2005 30250400 N/A 08/01/2014 N 3,~~919~~915,~~364~~205.6698 3,~~915~~911,~~205~~668.9851 0506/01/2005 30250397 N/A 09/01/2014 N 3,~~892~~888,~~322~~112.5828 3,~~888~~884,~~112~~504.2892 0506/01/2005 30250460 N/A 01/01/2015 N 3,~~683~~677,~~503~~951.9373 3,~~677~~672,~~951~~969.7315 05/01/2005 30250395 N/A 09/01/2014 N 3,~~425~~421,~~190~~422.4692 3,~~421~~418,~~422~~177.9237 0506/08/2005 30250537 N/A 01/01/2015 N 3,~~140~~137,~~326~~071.9908 3,~~137~~134,~~071~~311.0861 0405/01/2005 30250509 N/A 03/01/2010 N 2,720,000.00 2,720,000.00 0506/01/2005 30250449 N/A 11/01/2014 N 2,~~710~~707,~~167~~078.8457 2,~~707~~704,~~078~~383.5764 0506/01/2005 30250444 N/A 01/01/2015 N 2,~~691~~688,~~275~~339.1873 2,~~688~~685,~~339~~809.7349 0506/01/2005 30250463 N/A 02/01/2015 N 2,~~583~~580,~~796~~869.9362 2,~~580~~578,~~869~~314.6289 0506/01/2005 30250450 N/A 10/08/2014 N 2,~~476~~472,~~737~~673.1645 2,~~472~~468,~~673~~961.4570 0406/08/2005 30250530 N/A 01/01/2015 N 2,~~365~~362,~~477~~274.8327 2,~~362~~359,~~274~~421.2796 0405/01/2005 30250445 N/A 12/01/2014 N 1,~~988~~984,~~052~~951.3824 1,~~984~~982,~~951~~147.2403 0506/01/2005 30250538 N/A 09/01/2014 N 1,~~887~~885,~~388~~458.5440 1,~~885~~883,~~458~~836.4647 0405/01/2005 30250398 N/A 12/01/2014 N 1,~~494~~492,~~247~~728.5433 1,~~492~~491,~~728~~450.3371 0506/01/2005 Totals 1,522,~~956~~137,~~515~~220.1027 1,~~522~~521,~~137~~386,~~220~~116.3375

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 06/14/2005 0 $0.00 0 $0.00 0 $0.00 05/16/2005 0 $0.00 0 $0.00 0 $0.00 04/14/2005 0 $0.00 0 $0.00 0 $0.00

Distribution Foreclosure REO Modifications Date # Balance # Balance # Balance 06/14/2005 0 $0.00 0 $0.00 0 $0.00 05/16/2005 0 $0.00 0 $0.00 0 $0.00 04/14/2005 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 06/14/2005 0 $0.00 0 $0.00 5.531934% 5.489297% 101 05/16/2005 0 $0.00 0 $0.00 5.532083% 5.489441% 102 04/14/2005 0 $0.00 0 $0.00 5.532248% 5.489600% 103 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 ~~30250540~~30250471 41A 0 0405/07/2005 ~~499~~135,~~768~~524.3842 ~~499~~135,~~768~~524.3842 B ~~30250492~~30250472 61B 0 0405/07/2005 ~~529~~96,~~209~~797.0025 ~~529~~96,~~209~~797.0025 B ~~30250484~~30250478 91C 0 0405/0107/2005 ~~342~~48,~~920~~519.8399 ~~342~~48,~~920~~519.8399 B ~~30250494~~30250475 182A 0 0405/0107/2005 ~~149~~145,~~812~~850.52 ~~149~~145,~~812~~850.52 B ~~30250495~~30250476 202B 0 0405/0107/2005 85104,~~738~~178.5194 85104,~~738~~178.5194 B ~~30250496~~30250477 212C 0 0405/0107/2005 2852,~~310~~089.2947 2852,~~310~~089.2947 B ~~30250497~~30250473 223A 0 0405/0107/2005 8,~~474~~863.8175 8,~~474~~863.8175 B ~~30250498~~30250474 263B 0 0405/1107/2005 836,~~134~~337.4617 836,~~134~~337.4617 B ~~30250387~~30250479 303C 0 0405/1107/2005 543,~~600~~147.0088 543,~~600~~147.0088 B ~~30250468~~30250540 314 0 0405/0107/2005 56516,~~466~~427.7832 56516,~~466~~427.7832 B ~~30250499~~30250388 335 0 0405/0107/2005 41588,~~184~~225.00 41588,~~184~~225.00 B ~~30250500~~30250484 369 0 0405/1101/2005 36353,~~125~~705.0070 36353,~~125~~705.0070 B ~~30250532~~30250383 3814 0 0405/0108/2005 46213,~~198~~800.5021 46213,~~198~~800.5021 B ~~30250541~~30250486 4324 0 0405/01/2005 4280,~~650~~561.4500 4280,~~650~~561.4500 B ~~30250467~~30250389 5025 0 0405/0108/2005 3368,~~232~~108.4873 3368,~~232~~108.4873 B ~~30250503~~30250532 5138 0 0405/01/2005 3746,~~320~~176.3496 3746,~~320~~176.3496 B ~~30250504~~30250541 5243 0 0405/1101/2005 3342,~~506~~628.3996 3342,~~506~~628.3996 B 30250533 54 0 0405/01/2005 33,~~416~~400.3361 33,~~416~~400.3361 B ~~30250461 58 0 04/01/2005 23,142.00 23,142.00 B 30250393 60 0 04/01/2005 30,429.04 30,429.04 B~~ 30250534 65 0 0405/01/2005 28,~~640~~628.5761 28,~~640~~628.5761 B ~~30250452~~30250507 6967 0 0405/01/2005 19,~~497~~867.0056 19,~~497~~867.0056 B 30250535 70 0 0405/01/2005 24,~~368~~356.1882 24,~~368~~356.1882 B ~~30250508~~30250460 7478 0 0405/01/2005 23,~~024~~383.5458 23,~~024~~383.5458 B 30250537 80 0 0405/01/2005 18,~~381~~373.8237 18,~~381~~373.8237 B ~~30250450 85 0 04/08/2005 15,188.39 15,188.39 B~~ 30250530 86 0 0405/01/2005 14,~~104~~101.4833 14,~~104~~101.4833 B 30250538 88 0 0405/01/2005 11,~~319~~314.8476 11,~~319~~314.8476 B Totals 2825 2,~~350~~684,~~164~~369.9391 2,~~350~~684,~~164~~369.9391

Resolution Servicing Actual Outstanding Loan Strategy Transfer Foreclosure Principal Servicing Bankruptcy REO Number Code (2) Date Date Balance Advances Date Date ~~30250540~~30250471 ~~119~~32,~~705~~720,000.00 0.00 ~~30250492~~30250472 ~~108~~23,~~000~~370,000.00 0.00 ~~30250484~~30250478 7511,~~000~~690,000.00 0.00 ~~30250494~~30250475 2435,~~885~~140,~~102~~000.8000 0.00 ~~30250495~~30250476 1425,~~555~~100,~~717~~000.~~63 0.~~00 ~~30250496 4,819,860.40~~ 0.00 ~~30250497~~30250477 112,~~438~~550,~~764~~000.~~30 0.~~00 ~~30250498 13,910,190.71~~ 0.00 ~~30250387~~30250473 112,~~700~~140,000.00 0.00 ~~30250468~~30250474 101,~~363~~530,~~042~~000.4400 0.00 ~~30250499~~30250479 9760,~~600,~~000.00 0.00 ~~30250500~~30250540 8119,~~500~~705,000.00 0.00 ~~30250532~~30250388 8115,~~025~~000,~~926~~000.1900 0.00 ~~30250541~~30250484 675,~~750~~000,000.00 0.00 ~~30250467~~30250383 636,~~093~~694,~~714~~749.2712 0.00 ~~30250503~~30250486 514,~~983~~926,~~351~~169.9080 023,485.0037 ~~30250504~~30250389 514,~~979~~200,~~897~~000.4900 0.00 ~~30250533~~30250532 58,~~855~~017,~~683~~182.3201 0.00 ~~30250461~~30250541 56,~~040~~740,~~000~~199.0055 0.00 ~~30250393~~30250533 45,~~963~~849,~~152~~300.4873 0.00 30250534 4,~~511~~504,~~050~~401.6747 0.00 ~~30250452~~30250507 4,~~365~~480,000.00 0.00 30250535 4,~~232~~228,~~706~~161.3433 0.00 ~~30250508~~30250460 3,~~987~~677,~~267~~951.5073 0.00 30250537 3,~~140~~137,~~326~~071.9908 0.00 ~~30250450 2,476,737.16 0.00~~ 30250530 2,~~365~~362,~~477~~274.8427 0.00 30250538 1,~~887~~885,~~388~~458.5440 0.00 Totals ~~478~~565,~~135~~407,~~358~~919.9749 023,485.0037

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances** Balance Advances Totals By Delinquency Code: Total for Status Code = B (2825 loans) 2,~~350~~684,~~164~~369.9391 2,~~350~~684,~~164~~369.9391 ~~478~~565,~~135~~407,~~358~~919.9749 023,485.0037 (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 HQ5