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 (Date of earliest event reported) January 25, 2005

NationsLink Funding Corporation (Issuer in respect of Commercial Loan Pass-Through Certificates, Series 1999-LTL-1)
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-66805-02
(Commission
File Number)

56-1950039
(IRS Employer
Identification No.)

100 North Tryon Street, Charlotte, NC
(Address of principal executive offices)

28255
(Zip Code)

Registrant's telephone number, including area code 704-386-2400

(Former name or former address, 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))

Section 8 - Other Events

Item 8.01. Other Events.

This current report on Form 8-K relates to the monthly distribution reported to the holders of NationsLink Funding Corporation Commercial Loan Pass-Through Certificates, Series 1999-LTL-1, which was made on January 25, 2005.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

99.1 Monthly distribution report pursuant to Section 4.02 of the Pooling and Servicing Agreement for the distribution on January 25, 2005.

(Exhibit No. Description)

SIGNATURES

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.

LASALLE NATIONAL BANK, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF NATIONSLINK FUNDING CORPORATION, REGISTRANT

By: /s/ Russell Goldenberg
Russell Goldenberg
Group Senior Vice President

Date: January 27, 2005

NationsLink Funding Corporation, as Depositor

NationsBank, N.A., as Mortgage Loan Seller

Capital Lease Funding, L.P., as Mortgage Loan Seller

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

ABN AMRO Acct: 720175.2

Reporting Package Table of Contents

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jan-05
25-Jan-05

22-Dec-04

22-Feb-05

15-Jan-05

Administrator:
Belinda Jenkins 312.904.7166
Belinda.Jenkins@abnamro.com

Analyst:
Suzanne Severson 714.259.6226
Suzanne.Severson@abnamro.com

Statement Date:

135 S. LaSalle Street, Suite 1625
Chicago, IL 60603
USA

Statements to Certificateholders
Cash Reconciliation Summary
Bond Interest Reconciliation
Shortfall Summary Report

Asset-Backed Facts ~ 15 Month Loan Status Summary

Delinquent Loan Detail
Mortgage Loan Characteristics

Specially Serviced (Part I) - Loan Detail
Specially Serviced (Part II) - Servicer Comments
Modified Loan Detail

Page 2
Page 3
Page 4
Page 5

Page 6

Page 7
Page 8-10

Page 11
Page 12

Page 13

Realized Loss Detail

Page 14

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

NB99LTL1

NB99LTL1_200501_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

11-Mar-99
22-Mar-99

22-Jan-26

Parties to The Transaction

Depositor: NationsLink Funding Corporation

Underwriter: Banc of America Securities LLC

Master Servicer: Midland Loan Services, Inc.

Special Servicer: Midland Loan Services, Inc.

Rating Agency: Fitch Ratings/Moody's Investors Service, Inc.

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.midlandls.com

www.etrustee.net

Page 1 of 14

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.518943%

25-Jan-05
25-Jan-05

22-Dec-04

22-Feb-05

15-Jan-05

NationsLink Funding Corporation, as Depositor

NationsBank, N.A., as Mortgage Loan Seller

Capital Lease Funding, L.P., as Mortgage Loan Seller

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

164

REMIC II

Statement Date:

ABN AMRO Acct: 720175.2

0.000000000

Fixed

0.00

0.000000000

6.33300000%

0.000000000

63859CCD3

A-1

75,245,000.00

0.00

903.473273446

83.412570062

0.000000000

820.060703383

14.868054399

Fixed

0.00

1,880,069.53

9.697928589

6.86700000%

0.000000000

63859CCE1

A-2

193,863,000.00

175,150,039.21

16,170,611.07

0.00

158,979,428.14

2,882,365.63

1000.000000000

0.000000000

1000.000000000

5.919999994

Fixed

0.00

0.000000000

7.10400000%

0.000000000

63859CCF8

A-3

127,347,816.00

0.00

127,347,816.00

753,899.07

809.126926178

0.000000000

776.292644577

1.940106552

0.480051130%

0.00

789,203.56

1.602631055

0.50050318%

0.000000000

63859CCG6

492,442,448.00

398,448,444.27

0.00

382,279,450.26

955,390.82

1000.000000000

0.000000000

1000.000000000

6.004166800

Fixed

0.00

0.000000000

7.20500000%

0.000000000

63859CCH4

25,855,814.00

0.00

25,855,814.00

155,242.62

1000.000000000

0.000000000

1000.000000000

6.165833218

Fixed

0.00

0.000000000

7.39900000%

0.000000000

63859CCJ0

20,930,897.00

0.00

20,930,897.00

129,056.42

1000.000000000

0.000000000

1000.000000000

5.375000028

Fixed

0.00

0.000000000

6.45000000%

0.000000000

63859CCK7

30,780,731.00

0.00

30,780,731.00

165,446.43

1000.000000000

0.000000000

1000.000000000

4.166667043

Fixed

0.00

0.000000000

5.00000000%

0.000000000

63859CCL5

11,081,063.00

0.00

11,081,063.00

46,171.10

1000.000000000

0.000000000

1000.000000000

4.166665990

Fixed

0.00

0.000000000

5.00000000%

0.000000000

63859CCM3

3,693,687.00

0.00

3,693,687.00

15,390.36

987.697093610

0.000000000

987.697093610

4.119902894

Fixed

0.00

16.62

0.004499567

5.00000000%

0.000000000

63859CCN1

3,693,689.00

3,648,245.89

0.00

3,648,245.89

15,217.64

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSC2249

RII

0.00

Total P&I Payment

0.00

2,669,289.71

492,491,697.00

398,488,293.10

21,288,791.16

Total

382,317,682.03

16,170,611.07

0.00

5,118,180.09

Page 2 of 14

Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class

NationsLink Funding Corporation, as Depositor

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jan-05
25-Jan-05

22-Dec-04

22-Feb-05

15-Jan-05

NationsBank, N.A., as Mortgage Loan Seller

Capital Lease Funding, L.P., as Mortgage Loan Seller

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

ABN AMRO Acct: 720175.2

Statement Date:

Cash Reconciliation Summary

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

2,456,462.39

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

2,496,054.59

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

2,669,273.09

Other Interest Proceeds

0.00

Total

2,669,273.09

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances

Recoup of Prior Advances

Misc. Fees & Expenses

Total Unscheduled Fees & Expenses
Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding

Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:
Current Scheduled Principal
Advanced Scheduled Principal
Scheduled Principal
Unscheduled Principal:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds
Total Unscheduled Principal
Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding
Plus Current Period
Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts

PPIS Reducing Scheduled
Interest

PPIS Reducing Servicing Fee
PPIS Due Certificate

0.00

0.00
0.00

0.00

5,123,194.54

)

(5,014.45

0.00
0.00
0.00

)

(5,014.45

1,343,182.87

10,923.54

1,354,106.41

0.00

14,816,504.66

0.00
0.00
0.00

14,816,504.66
16,170,611.07

21,293,805.61

21,288,791.16

398,488,293.10

126

1,354,106.41

14,816,504.66

0.00
0.00

0.00

382,317,682.03

125

0.00

10,923.54

39,592.20

10,923.54

39,592.20

42,133.14

0.00
0.00

787.64

42,920.78

0.00
0.00
0.00
0.00
0.00
0.00

0.00

)

(42,133.14

5,118,180.09

Interest Not Advanced (

Current Period

)

0.00

39,592.20

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

0.00

0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

Page 3 of 14

NationsLink Funding Corporation, as Depositor

Class

Accrued

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jan-05
25-Jan-05

22-Dec-04

22-Feb-05

15-Jan-05

NationsBank, N.A., as Mortgage Loan Seller

Capital Lease Funding, L.P., as Mortgage Loan Seller

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

ABN AMRO Acct: 720175.2

Bond Interest Reconciliation

Deductions

Allocable

Deferred &

Prior

Prepay-

Other

Additions

Interest

Credit Support

Original

Current(4)

Accrual

Int. Short-

falls Due

ment

Interest

Interest (2)

Payment

Amount

PPIS

Interest

Certificate

Accretion

Interest

Loss/Exp

Interest

Penalties

Proceeds (1)

Interest

Shortfalls

Certificate

Rate

Pass

Thru

Method Days

Outstanding

Remaining

Statement Date:

Distributable

Current Period

(Shortfall)/

Recovery

Int Accrual

on Prior

Shortfall (3)

0.00

A-1

0.00

30/360

6.333000000%

0.00

1,880,069.53

0.00

A-2

1,002,296.10

2,882,365.63

0.00

30/360

6.867000000%

0.00

A-3

753,899.07

0.00

30/360

7.104000000%

0.00

789,203.56

0.00

166,187.26

955,390.82

0.00

30/360

0.500503180%

0.00

155,242.62

0.00

30/360

7.205000000%

0.00

129,056.42

0.00

30/360

7.399000000%

0.00

165,446.43

0.00

30/360

6.450000000%

0.00

46,171.10

0.00

30/360

5.000000000%

0.00

15,390.36

0.00

30/360

5.000000000%

0.00

15,201.02

29,171.75

15,217.64

13,954.11

30/360

5.000000000%

16.62

13,912.76

57.97

0.00

2,669,273.09

0.00

2,448,890.38

5,132,134.20

5,118,180.09

13,954.11

16.62

13,912.76

57.97

(2) Accrued - Deductions + Additions Interest

(3) Includes interest accrued on outstanding Interest Shortfalls and/or Loss Allocations. Where applicable.

Page 4 of 14

(1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

(4) Determined as follows: (A) the ending balance of all the classes less (B) the sum of (i) the ending balance of the class and (ii) the ending balance of all classes which are not subordinate to the class divided by (A).

NationsLink Funding Corporation, as Depositor

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jan-05
25-Jan-05

22-Dec-04

22-Feb-05

15-Jan-05

NationsBank, N.A., as Mortgage Loan Seller

Capital Lease Funding, L.P., as Mortgage Loan Seller

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

ABN AMRO Acct: 720175.2

Interest Adjustments Summary

Statement Date:

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

Misc. Fees & Expenses Paid by/to Servicer

Interest Paid to Servicer on Outstanding Advances

0.00

ASER Interest Advance Reduction

Interest Not Advanced (Current Period)

Recoup of Prior Advances by Servicer

0.00

Servicing Fees Paid Servicer on Loans Not Advanced

Misc. Fees & Expenses Paid by Trust

0.00

Shortfall Due to Rate Modification

Total Shortfall Allocated to the Bonds

Total Interest Adjustment to the Bonds

0.00

Shortfall Allocated to the Bonds:

Excess Allocated to the Bonds:

Other Interest Proceeds Due the Bonds

Yield Maintenance Penalties Due the Bonds

Prepayment Penalties Due the Bonds

Recovered ASER Interest Due the Bonds

Recovered Interest Due the Bonds

Less Total Shortfall Allocated to the Bonds

Total Excess Allocated to the Bonds

2,669,273.09

2,669,273.09

Total Excess Allocated to the Bonds

2,669,273.09

0.00

Aggregate Interest Adjustment Allocated to the Bonds

2,669,273.09

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Page 5 of 14

NationsLink Funding Corporation, as Depositor

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jan-05
25-Jan-05

22-Dec-04

22-Feb-05

15-Jan-05

NationsBank, N.A., as Mortgage Loan Seller

Capital Lease Funding, L.P., as Mortgage Loan Seller

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary

Distribution

Date

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Foreclosure

REO

Modifications

Specially Serviced

Bankruptcy

# Balance

Delinquency Aging Categories

Special Event Categories (1)

Statement Date:

ABN AMRO Acct: 720175.2

0.00%

25-Jan-05

0.00%

22-Dec-04

0.00%

22-Nov-04

0.00%

22-Oct-04

0.00%

22-Sep-04

0.00%

23-Aug-04

0.00%

22-Jul-04

0.00%

22-Jun-04

0.00%

0.79%

1.09%

24-May-04

4,519,275

0.00%

0.79%

1.09%

22-Apr-04

4,527,961

0.00%

0.79%

1.09%

22-Mar-04

4,535,664

0.00%

0.79%

1.09%

23-Feb-04

4,545,182

0.00%

0.79%

3.76%

0.00%

0.79%

1.09%

22-Jan-04

15,725,400

4,552,775

0.79%

3.77%

0.00%

0.79%

1.09%

22-Dec-03

1 15,804,788

4,560,320

0.00%

0.79%

1.09%

24-Nov-03

4,568,754

(1) Note: Modification, Specially Serviced & Bankruptcy Totals are Included in the Appropriate Delinquency Aging Category

Page 6 of 14

NationsLink Funding Corporation, as Depositor

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jan-05
25-Jan-05

22-Dec-04

22-Feb-05

15-Jan-05

NationsBank, N.A., as Mortgage Loan Seller

Capital Lease Funding, L.P., as Mortgage Loan Seller

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

ABN AMRO Acct: 720175.2

Delinquent Loan Detail

Disclosure

Control #

Paid

Thru

Date

Current P&I

Advance

Outstanding

P&I

Advances**

Out. Property

Protection

Advances

Loan

Status

Code (1)

Special

Servicer

Transfer Date

Foreclosure

Date

Bankruptcy

Date

REO

Date

Statement Date:

15-Dec-04

14,229.80

0.00

1385

1-Dec-04

18,767.07

0.00

50229

1-Dec-04

17,518.86

0.00

50849

50,515.74

Total

Page 7 of 14

A. In Grace Period

1. Delinq. 1 month

2. Delinq. 2 months

3. Delinquent 3 + months

4. Performing Matured Balloon

** Outstanding P&I Advances include the current period P&I Advances and may include Servicer and Trust Advances.

7. Foreclosure

9. REO

B. Late Payment but < 1 month delinq.

5. Non Performing Matured Balloon

NationsLink Funding Corporation, as Depositor

Mortgage Loan Characteristics

ABN AMRO Acct: 720175.2

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Capital Lease Funding, L.P., as Mortgage Loan Seller

NationsBank, N.A., as Mortgage Loan Seller

15-Jan-05

22-Feb-05

22-Dec-04

25-Jan-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Distribution of Mortgage Interest Rates

Distribution of Principal Balances

Distribution of Remaining Term (Balloon)

Distribution of Remaining Term (Fully Amortizing)

Page 8 of 14

Current Scheduled

Balance

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

0 to

500,000

13,832,619

3.62

131

7.36

0.20

500,000 to

1,000,000

21,326,726

5.58

143

7.36

0.20

1,000,000 to

1,250,000

18,070,680

4.73

152

7.53

0.08

1,250,000 to

1,500,000

24,633,531

6.44

154

7.63

0.41

1,500,000 to

1,750,000

16,704,991

4.37

141

7.46

0.40

1,750,000 to

2,000,000

12,737,815

3.33

148

7.44

0.92

2,000,000 to

2,250,000

18,919,186

4.95

153

7.60

0.90

2,250,000 to

2,500,000

21,812,642

5.71

157

7.21

0.70

2,500,000 to

3,000,000

10,022,685

2.62

136

7.06

1.01

3,000,000 to

3,500,000

7,689,034

2.01

7.53

1.04

3,500,000 to

4,000,000

46,581,676

12.18

163

7.48

0.61

4,000,000 to

5,000,000

15,658,445

4.10

154

7.07

0.47

5,000,000 to

5,500,000

5,883,957

1.54

223

6.76

0.00

5,500,000 to

6,000,000

13,000,736

3.40

132

7.20

0.00

6,000,000 to

7,000,000

15,442,736

4.04

178

7.69

0.00

7,000,000 to

9,000,000

28,987,903

7.58

215

7.25

0.40

9,000,000 to 10,000,000

24,126,636

6.31

133

7.60

0.89

10,000,000 to 15,000,000

31,255,228

8.18

179

7.36

1.08

15,000,000 to 20,000,000

35,630,456

9.32

151

7.86

2.21

20,000,000 &

Above

35,630,456

650,007

382,317,682

125

100.00%

Average Schedule Balance
Maximum Schedule Balance
Minimum Schedule Balance

3,058,541

Current Mortgage

Interest Rate

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

0.000%

6.500%

3,277,579

0.86

6.73

0.99

6.500%

6.750%

48,970,992

12.81

173

6.87

0.33

6.750%

7.000%

88,178,860

23.06

159

7.16

0.96

7.000%

7.250%

100,643,317

26.32

159

7.42

0.42

7.250%

7.500%

34,913,698

9.13

148

7.65

0.46

7.500%

7.750%

71,486,261

18.70

158

7.84

1.23

7.750%

8.000%

29,945,366

7.83

150

8.07

0.33

8.000%

8.250%

4,901,609

1.28

8.32

1.58

8.250%

8.500%

0.00

8.500%

8.750%

0.00

8.750%

9.000%

0.00

9.000%

9.250%

0.00

9.250%

9.500%

0.00

9.500%

9.750%

0.00

9.750%

Above

125

382,317,682

Minimum Mortgage Interest Rate
Maximum Mortgage Interest Rate

100.00%

6.730%
8.320%

Fully Amortizing

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

6,803,067

1.78

7.32

0.30

31,082,393

8.13

7.34

0.58

120

212,514,119

55.59

154

7.56

0.75

121

180

97,483,009

25.50

215

7.24

0.39

181

240

0.00

241

Above

228

116

347,882,588

Minimum Remaining Term

Maximum Remaining Term

90.99%

Balloon

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

34,435,094

9.01

7.43

1.52

120

0.00

121

180

0.00

181

& Above

102

34,435,094

Minimum Remaining Term

Maximum Remaining Term

9.01

NationsLink Funding Corporation, as Depositor

Mortgage Loan Characteristics

ABN AMRO Acct: 720175.2

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Capital Lease Funding, L.P., as Mortgage Loan Seller

NationsBank, N.A., as Mortgage Loan Seller

15-Jan-05

22-Feb-05

22-Dec-04

25-Jan-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Geographic Distribution

Distribution of DSCR (PFY)

Distribution of DSCR (Cutoff)

Page 9 of 14

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

0.000 0.500

0.00

0.500 0.625

0.00

0.625 0.750

0.00

0.750 0.875

51,720,100

13.53

173

7.27

0.98

0.875 1.000

22,565,790

5.90

130

7.51

1.05

1.000 1.125

33,291,720

8.71

168

7.35

1.17

1.125 1.250

5,648,431

1.48

160

7.60

1.35

1.250 1.375

12,021,214

3.14

7.18

1.44

1.375 1.500

19,997,290

5.23

7.51

1.59

1.500 1.625

0.00

1.625 1.750

5,109,822

1.34

129

7.28

1.82

1.750 1.875

2,412,465

0.63

159

7.13

1.94

1.875 2.000

0.00

2.000 2.125

38,091,169

9.96

152

7.81

2.22

2.125 & Above

191,459,681

50.08

167

7.44

0.00

Unknown

2.680
0.890

125

382,317,682

100.00%

Minimum DSCR

Maximum DSCR

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

125

382,317,682 100.00

157

7.45

0.00

Unknown

0.000

125

382,317,682 100.00

Minimum DSCR

Maximum DSCR

Geographic

Location

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Massachusetts

48,234,752

12.62

179

7.31

0.80

New York

42,964,799

11.24

149

7.41

0.00

South Carolina

42,057,787

11.00

160

7.75

1.87

Florida

38,376,949

10.04

180

7.24

0.26

Texas

32,729,741

8.56

161

7.48

1.03

Georgia

25,743,732

6.73

151

7.17

0.92

Pennsylvania

19,298,011

5.05

121

7.49

0.24

Maryland

15,395,122

4.03

169

7.84

0.00

North Carolina

15,281,911

4.00

132

7.53

0.78

California

15,062,954

3.94

119

7.31

0.49

Virginia

14,636,638

3.83

152

7.55

0.44

Michigan

12,240,415

3.20

182

7.69

0.29

New Jersey

8,413,990

2.20

133

7.49

0.28

Ohio

7,312,615

1.91

151

7.54

1.17

Tennessee

5,258,270

1.38

180

7.37

0.39

Connecticut

5,209,152

1.36

157

7.30

1.67

Nebraska

4,675,676

1.22

174

7.91

0.00

Illinois

4,662,732

1.22

155

6.91

0.72

New Mexico

4,597,599

1.20

161

7.67

1.34

Nevada

3,288,029

0.86

150

7.19

0.73

Arkansas

3,286,256

0.86

156

7.60

1.08

New Hampshire

3,184,453

0.83

159

7.13

2.12

Maine

3,060,026

0.80

137

7.70

0.00

Kansas

2,444,046

0.64

7.44

1.81

District of Columbia

1,950,881

0.51

140

7.09

0.74

Missouri

1,126,520

0.29

158

7.06

0.00

Alabama

1,081,492

0.28

143

6.90

0.00

Washington

743,135

0.19

157

7.17

0.00

100.00

382,317,682

125

NationsLink Funding Corporation, as Depositor

Mortgage Loan Characteristics

ABN AMRO Acct: 720175.2

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

Capital Lease Funding, L.P., as Mortgage Loan Seller

NationsBank, N.A., as Mortgage Loan Seller

15-Jan-05

22-Feb-05

22-Dec-04

25-Jan-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Distribution of Loan Seasoning

Distribution of Property Types

Distribution of Year Loans Maturing

Distribution of Amortization Type

Page 10 of 14

Property Types

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Retail

102

301,283,623

78.80

165

7.48

0.66

Office

51,592,512

13.49

120

7.28

0.98

Industrial

13,275,112

3.47

146

7.81

0.00

Other

8,627,482

2.26

118

7.05

0.46

Mobile home park

7,538,954

1.97

159

7.13

2.05

382,317,682

125

100.00%

Amortization Type

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

AmortizingBalloon

34,435,094

9.01

7.43

1.52

Full Amortizing

116

347,882,588

90.99

163

7.45

0.62

382,317,682

125

100.00%

Number of Months

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

185,829,727

48.61

161

0.71

7.20

196,487,955

51.39

154

0.69

7.68

0.00

108

0.00

109

120

0.00

121

125

382,317,682

100.00%

Year

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

2005

0.00

2006

0.00

2007

4,792,356

1.25

7.25

0.00

2008

2,010,711

0.53

7.50

1.03

2009

0.00

2010

2,842,530

0.74

7.25

0.00

2011

24,317,446

6.36

7.66

1.09

2012

30,211,479

7.90

7.19

1.44

2013

7,245,982

1.90

110

7.42

0.00

2014

3,050,433

0.80

126

7.44

0.00

2015

307,846,745

80.52

173

7.46

0.64

2016 & Greater

100.00

382,317,682

125

NationsLink Funding Corporation, as Depositor

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jan-05
25-Jan-05

22-Dec-04

22-Feb-05

15-Jan-05

NationsBank, N.A., as Mortgage Loan Seller

Capital Lease Funding, L.P., as Mortgage Loan Seller

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

ABN AMRO Acct: 720175.2

Specially Serviced (Part I) ~ Loan Detail (End of Period)

Disclosure

Control #

Servicing

Xfer Date

Balance

Note
Rate

Maturity

Date

Remaining

Property

Type

Geo.

Location

NOI

DSCR

NOI
Date

Schedule

Actual

Life

Statement Date:

Loan

Status

Code(1)

Page 11 of 14

(1) Legend:

A. P&I Adv - in Grace Period
B. P&I Adv - < one month delinq

1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months

3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I

7. Foreclosure

9. REO

5. Non Performing Mat. Balloon

NationsLink Funding Corporation, as Depositor

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jan-05
25-Jan-05

22-Dec-04

22-Feb-05

15-Jan-05

NationsBank, N.A., as Mortgage Loan Seller

Capital Lease Funding, L.P., as Mortgage Loan Seller

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

ABN AMRO Acct: 720175.2

Specially Serviced Loan Detail (Part II) ~ Servicer Comments (End of Period)

Disclosure

Control #

Resolution

Strategy

Comments

Statement Date:

Page 12 of 14

NationsLink Funding Corporation, as Depositor

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jan-05
25-Jan-05

22-Dec-04

22-Feb-05

15-Jan-05

NationsBank, N.A., as Mortgage Loan Seller

Capital Lease Funding, L.P., as Mortgage Loan Seller

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

ABN AMRO Acct: 720175.2

Modified Loan Detail

Disclosure

Control #

Modification

Date

Cutoff

Maturity

Date

Modification

Description

Modified

Maturity

Date

Statement Date:

Page 13 of 14

NationsLink Funding Corporation, as Depositor

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jan-05
25-Jan-05

22-Dec-04

22-Feb-05

15-Jan-05

NationsBank, N.A., as Mortgage Loan Seller

Capital Lease Funding, L.P., as Mortgage Loan Seller

Commercial Loan Pass-Through Certificates, Series 1999-LTL-1

ABN AMRO Acct: 720175.2

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning
Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation

Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Current Total
Cumulative

Page 14 of 14

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

NATIONSLINK FUNDING CORP 1999-LTL-1 COMMER LOAN PAS THR CER 8-K