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) May 10, 2005

Deutsche Mortgage & Asset Receiving Corporation
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-112636
(Commission
File Number)

04-3310019
(IRS Employer
Identification No.)

60 Wall Street, New York, New York
(Address of principal executive offices)

10005
(Zip Code)

Registrant's telephone number, including area code 212-250-2500

(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 Deutsche Mortgage & Asset Receiving Corporation, COMM 2005-LP5 Commercial Mortgage Pass-Through Certificates, which was made on May 10, 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 May 10, 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 BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS BOND ADMINISTRATOR UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF DEUTSCHE MORTGAGE & ASSET RECEIVING CORPORATION, REGISTRANT

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

Date: May 23, 2005

Deutsche Mortgage & Asset Receiving Corporation

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Reporting Package Table of Contents

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

Administrator:
Scott Kallback 312.904.5444
scott.kallback@abnamro.com

Analyst:
Vamsi Kaipa 714.259.6252
vamsi.kaipa@abnamro.com

Revised Date:

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

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

Rating Information

Asset-Backed Facts ~ 15 Month Loan Status Summary
Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary

Delinquent Loan Detail
Historical Collateral Prepayment
Loan Level Detail

Page 2-5
Page 6-9
Page 10
Page 11

Page 12-13

Page 14
Page 15

Page 16
Page 17

Page 18-24

Mortgage Loan Characteristics

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

Defeased Loans
Appraisal Reduction Detail
Historical REO Report

Page 25-27

Page 28
Page 29
Page 30

Page 31
Page 32
Page 33

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

COM05LP5

COM05LP5_200505_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

29-Apr-05
10-May-05

10-May-35

Realized Loss Detail

Page 34

Parties to The Transaction

Depositor: Deutsche Mortgage & Asset Receiving Corporation

Underwriter: Deutsche Bank Securities Inc.

Master Servicer: Midland Loan Services, Inc.

Special Servicer: Lennar Partners, Inc.

Rating Agency: Standard & Poor's/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 34

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:

5.294413%

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

Deutsche Mortgage & Asset Receiving Corporation

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

Upper-Tier REMIC

Revised Date:

ABN AMRO Acct: 722549.1

1000.000000000

12.538414958

0.000000000

987.461585042

3.529166667

Fixed

0.00

0.000000000

4.23500000%

0.000000000

20047PAA5

A-1

60,276,000.00

755,765.50

0.00

59,520,234.50

212,724.05

60,276,000.00

1000.000000000

0.000000000

1000.000000000

3.858333331

Fixed

0.00

0.000000000

4.63000000%

0.000000000

20047PAB3

A-2

592,379,000.00

0.00

592,379,000.00

2,285,595.64

592,379,000.00

1000.000000000

0.000000000

1000.000000000

4.016666620

Fixed

0.00

0.000000000

4.82000000%

0.000000000

20047PAC1

A-3

71,321,000.00

0.00

71,321,000.00

286,472.68

71,321,000.00

1000.000000000

0.000000000

1000.000000000

4.055833285

Fixed

0.00

0.000000000

4.86700000%

0.000000000

20047PAD9

A-SB

86,687,000.00

0.00

86,687,000.00

351,588.02

86,687,000.00

1000.000000000

0.000000000

1000.000000000

4.151666661

4.982000000%

0.00

0.000000000

4.98200000%

0.000000000

20047PAE7

A-4

305,071,000.00

0.00

305,071,000.00

1,266,553.10

305,071,000.00

1000.000000000

0.334282420

0.000000000

999.665717580

4.080833327

4.897000000%

0.00

0.000000000

4.89700000%

0.000000000

20047PAF4

A-1A

245,882,000.00

82,194.03

0.00

245,799,805.97

1,003,403.46

245,882,000.00

1000.000000000

0.000000000

999.507667874

0.036887475

0.019071000%

0.00

0.000000000

0.04426497%

0.000000000

20047PAM9/U2021YAA1

X-C

1,702,020,822.00

0.00

1,701,182,862.47

62,783.25

1,702,020,822.00

1000.000000000

0.000000000

1000.000000000

0.329913978

0.555633212%

0.00

0.000000000

0.39589677%

0.000000000

20047PAG2

X-P

1,658,063,000.00

0.00

1,658,063,000.00

547,018.16

1,658,063,000.00

1000.000000000

0.000000000

1000.000000000

4.205000000

5.046000000%

0.00

0.000000000

5.04600000%

0.000000000

20047PAH0

A-J

117,014,000.00

0.00

117,014,000.00

492,043.87

117,014,000.00

1000.000000000

0.000000000

1000.000000000

4.254166773

5.105000000%

0.00

0.000000000

5.10500000%

0.000000000

20047PAJ6

46,806,000.00

0.00

46,806,000.00

199,120.53

46,806,000.00

1000.000000000

0.000000000

1000.000000000

4.171077088

5.145040742%

0.00

0.000000000

5.00529239%

0.000000000

20047PAK3

14,892,000.00

0.00

14,892,000.00

62,115.68

14,892,000.00

1000.000000000

0.000000000

1000.000000000

4.204410297

5.185040742%

0.00

0.000000000

5.04529239%

0.000000000

20047PAL1

27,658,000.00

0.00

27,658,000.00

116,285.58

27,658,000.00

1000.000000000

0.000000000

1000.000000000

4.286077086

5.283040742%

0.00

0.000000000

5.14329239%

0.000000000

20047PAN7/U2021YAB9

21,275,000.00

0.00

21,275,000.00

91,186.29

21,275,000.00

1000.000000000

0.000000000

1000.000000000

4.374410118

5.389040742%

0.00

0.000000000

5.24929239%

0.000000000

20047PAP2/U2021YAC7

23,403,000.00

0.00

23,403,000.00

102,374.32

23,403,000.00

1000.000000000

0.000000000

1000.000000000

4.374410126

5.389040742%

0.00

0.000000000

5.24929239%

0.000000000

20047PAQ0/U2021YAD5

14,893,000.00

0.00

14,893,000.00

65,148.09

14,893,000.00

Page 2 of 34

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

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:

5.294413%

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

Deutsche Mortgage & Asset Receiving Corporation

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

Upper-Tier REMIC

Revised Date:

ABN AMRO Acct: 722549.1

1000.000000000

0.000000000

1000.000000000

4.374410106

5.389040742%

0.00

0.000000000

5.24929239%

0.000000000

20047PAR8/U2021YAE3

17,020,000.00

0.00

17,020,000.00

74,452.46

17,020,000.00

1000.000000000

0.000000000

1000.000000000

3.942499804

4.731000000%

0.00

0.000000000

4.73100000%

0.000000000

20047PAS6/U2021YAF0

12,765,000.00

0.00

12,765,000.00

50,326.01

12,765,000.00

1000.000000000

0.000000000

1000.000000000

3.942500392

4.731000000%

0.00

0.000000000

4.73100000%

0.000000000

20047PAT4/U2021YAG8

6,383,000.00

0.00

6,383,000.00

25,164.98

6,383,000.00

1000.000000000

0.000000000

1000.000000000

3.942500588

4.731000000%

0.00

0.000000000

4.73100000%

0.000000000

20047PAU1/U2021YAH6

4,255,000.00

0.00

4,255,000.00

16,775.34

4,255,000.00

1000.000000000

0.000000000

1000.000000000

3.942500588

4.731000000%

0.00

0.000000000

4.73100000%

0.000000000

20047PAV9/U2021YAJ2

4,255,000.00

0.00

4,255,000.00

16,775.34

4,255,000.00

1000.000000000

0.000000000

1000.000000000

3.942500392

4.731000000%

0.00

0.000000000

4.73100000%

0.000000000

20047PAW7/U2021YAK9

6,383,000.00

0.00

6,383,000.00

25,164.98

6,383,000.00

1000.000000000

0.000000000

1000.000000000

3.942500588

4.731000000%

0.00

0.000000000

4.73100000%

0.000000000

20047PAX5/U2021YAL7

4,255,000.00

0.00

4,255,000.00

16,775.34

4,255,000.00

1000.000000000

0.000000000

1000.000000000

3.942500092

4.731000000%

0.00

0.000000000

4.73100000%

0.000000000

20047PAY3/U2021YAM5

19,147,822.00

0.00

19,147,822.00

75,490.29

19,147,822.00

1000.000000000

0.000000000

1000.000000000

4.291666545

Fixed

0.00

0.000000000

5.15000000%

0.000000000

20047PAZ0/U2021YAN3

GMB-1

27,500,000.00

0.00

27,500,000.00

118,020.83

27,500,000.00

1000.000000000

0.000000000

1000.000000000

4.373333214

Fixed

0.00

0.000000000

5.24800000%

0.000000000

20047PBA4/U2021YAP8

GMB-2

28,000,000.00

0.00

28,000,000.00

122,453.33

28,000,000.00

1000.000000000

0.000000000

1000.000000000

4.577500000

Fixed

0.00

0.000000000

5.49300000%

0.000000000

20047PBB2/U2021YAQ6

GMB-3

16,200,000.00

0.00

16,200,000.00

74,155.50

16,200,000.00

1000.000000000

0.000000000

1000.000000000

4.781666434

Fixed

0.00

0.000000000

5.73800000%

0.000000000

20047PBC0/U2021YAR4

GMB-4

14,300,000.00

0.00

14,300,000.00

68,377.83

14,300,000.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSV217

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSV218

0.00

Page 3 of 34

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:

5.294413%

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

Deutsche Mortgage & Asset Receiving Corporation

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

Upper-Tier REMIC

Revised Date:

ABN AMRO Acct: 722549.1

Total P&I Payment

0.00

1,788,020,822.00

8,666,304.48

Total

1,787,182,862.47

837,959.53

0.00

7,828,344.95

Page 4 of 34

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:

5.294413%

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

Deutsche Mortgage & Asset Receiving Corporation

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

Grantor Trust

Revised Date:

ABN AMRO Acct: 722549.1

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSV216

0.00

Total P&I Payment

0.00

Total

0.00

Page 5 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Revised Date:

Cash Reconciliation Summary

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

7,888,766.97

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

7,888,766.97

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

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

7,830,430.98

)

(879.11

)

(1,206.91

0.00
0.00

)

(2,086.02

837,959.52

0.00

837,959.52

0.01
0.00
0.00
0.00
0.00
0.01

837,959.53

8,668,390.51

8,666,304.49

1,788,020,823.38

138

837,959.52

0.01

0.00
0.00

0.00

1,787,182,863.85

138

0.00

58,335.99

0.00
0.00
0.00

58,335.99

0.00
0.00
0.00
0.00
0.00
0.00

0.00

)

(58,335.99

7,828,344.96

Interest Not Advanced (

Current Period

)

0.00

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 6 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Revised Date:

Cash Reconciliation Summary Loan Group 1

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

6,413,739.97

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

6,413,739.97

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

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

6,368,645.31

)

(715.93

)

(982.89

0.00
0.00

)

(1,698.83

755,765.49

0.00

755,765.49

0.01
0.00
0.00
0.00
0.00
0.01

755,765.50

7,124,410.81

7,122,711.99

1,456,138,148.03

109

755,765.49

0.01

0.00
0.00

0.00

1,455,382,382.53

109

0.00

45,094.66

0.00
0.00
0.00

45,094.66

0.00
0.00
0.00
0.00
0.00
0.00

0.00

)

(45,094.66

6,366,946.49

Interest Not Advanced (

Current Period

)

0.00

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 7 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Revised Date:

Cash Reconciliation Summary Loan Group 2

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

1,089,769.17

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

1,089,769.17

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

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

1,078,677.84

)

(120.89

)

(165.97

0.00
0.00

)

(286.86

82,194.03

0.00

82,194.03

0.00
0.00
0.00
0.00
0.00
0.00

82,194.03

1,160,871.87

1,160,585.01

245,882,675.35

82,194.03

0.00

0.00
0.00

0.00

245,800,481.32

0.00

11,091.33

0.00
0.00
0.00

11,091.33

0.00
0.00
0.00
0.00
0.00
0.00

0.00

)

(11,091.33

1,078,390.98

Interest Not Advanced (

Current Period

)

0.00

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 8 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Revised Date:

Cash Reconciliation Summary General Motors Building B Loan

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

385,257.83

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

385,257.83

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

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

383,107.83

)

(42.28

)

(58.05

0.00
0.00

)

(100.33

0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00

383,107.83

383,007.50

86,000,000.00

0.00
0.00

0.00

86,000,000.00

0.00

2,150.00

0.00
0.00
0.00

2,150.00

0.00
0.00
0.00
0.00
0.00
0.00

0.00

)

(2,150.00

383,007.50

Interest Not Advanced (

Current Period

)

0.00

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 9 of 34

Deutsche Mortgage & Asset Receiving Corporation

Class

Accrued

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Bond Interest Reconciliation

Deductions

Allocable

Deferred &

Prior

Prepay-

Other

Additions

Interest

Credit Support

Original

Current(4)

Accrual

Int. Short-

falls Due

ment

Interest

Int erest (2)

Payment

Amount

PPIS

Int erest

Certificate

Accretion

Interest

Loss/Exp

Interest

Penalties

Proceeds (1)

Interest

Shortfalls

Certificate

Rate

Pass

Thru

Method Days

Outstanding

Remaining

Revised Date:

Distributable

Current Period

(Shortfall)/

Recovery

Int Accrual

on Prior

Shortfall (3)

0.00

A-1

212,724.05

0.00

20.00%

20.01%

30/360

4.235000000%

0.00

A-2

2,285,595.64

0.00

20.00%

20.01%

30/360

4.630000000%

0.00

A-3

286,472.68

0.00

20.00%

20.01%

30/360

4.820000000%

0.00

A-SB

351,588.02

0.00

20.00%

20.01%

30/360

4.867000000%

0.00

A-4

1,266,553.10

0.00

20.00%

20.01%

30/360

4.982000000%

0.00

A-1A

1,003,403.46

0.00

20.00%

20.01%

30/360

4.897000000%

0.00

X-C

62,783.25

0.00

30/360

0.044264966%

0.00

X-P

547,018.16

0.00

30/360

0.395896771%

0.00

A-J

492,043.87

0.00

13.13%

30/360

5.046000000%

0.00

199,120.53

0.00

10.38%

30/360

5.105000000%

0.00

62,115.68

0.00

9.50%

30/360

5.005292389%

0.00

116,285.58

0.00

7.88%

30/360

5.045292389%

0.00

91,186.29

0.00

6.63%

30/360

5.143292389%

0.00

102,374.32

0.00

5.25%

30/360

5.249292389%

0.00

65,148.09

0.00

4.38%

30/360

5.249292389%

0.00

74,452.46

0.00

3.38%

30/360

5.249292389%

0.00

50,326.01

0.00

2.63%

30/360

4.731000000%

0.00

25,164.98

0.00

2.25%

30/360

4.731000000%

0.00

16,775.34

0.00

2.00%

30/360

4.731000000%

0.00

16,775.34

0.00

1.75%

30/360

4.731000000%

0.00

25,164.98

0.00

1.38%

30/360

4.731000000%

0.00

16,775.34

0.00

1.13%

30/360

4.731000000%

0.00

75,490.29

0.00

0.00%

30/360

4.731000000%

0.00

GMB-1

118,020.83

0.00

30/360

5.150000000%

0.00

GMB-2

122,453.33

0.00

30/360

5.248000000%

0.00

GMB-3

74,155.50

0.00

30/360

5.493000000%

0.00

GMB-4

68,377.83

0.00

30/360

5.738000000%

0.00

30/360

0.000000000%

0.00

7,828,344.95

0.00

(2) Accrued - Deductions + Additions Interest

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

Page 10 of 34

(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).

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Interest Adjustments Summary

Revised 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

0.00

0.00

Total Excess Allocated to the Bonds

0.00

0.00

Aggregate Interest Adjustment Allocated to the Bonds

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

Interest Income

0.00

Page 11 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Revised Date:

A-1

20047PAA5

Aaa

AAA

A-2

20047PAB3

Aaa

AAA

A-3

20047PAC1

Aaa

AAA

A-SB

20047PAD9

Aaa

AAA

A-4

20047PAE7

Aaa

AAA

A-1A

20047PAF4

Aaa

AAA

A-J

20047PAH0

Aaa

AAA

20047PAJ6

Aa2

20047PAK3

Aa3

AA-

20047PAL1

20047PAN7

A-

20047PAP2

Baa1

BBB+

20047PAQ0

Baa2

BBB

20047PAR8

Baa3

BBB-

20047PAS6

Ba1

BB+

20047PAT4

Ba2

20047PAU1

Ba3

BB-

20047PAV9

B+

20047PAW7

20047PAX5

B-

20047PAY3

X-C

20047PAM9

Aaa

AAA

Page 12 of 34

NR - Designates that the class was not rated by the rating agency.

(1)

Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to

LaSalle within 30 days of the payment date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not
being updated on this report, LaSalle recommends that investors obtain current rating information directly from the rating agency.

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Revised Date:

X-P

20047PAG2

Aaa

AAA

GMB-1

20047PAZ0

BBB

GMB-2

20047PBA4

BBB-

GMB-3

20047PBB2

BBB-

GMB-4

20047PBC0

9ABSV216

Page 13 of 34

NR - Designates that the class was not rated by the rating agency.

(1)

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

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)

Revised Date:

ABN AMRO Acct: 722549.1

0.00%

10-May-05

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

Page 14 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Penalties

Appraisal Reduct. (2)

Liquidations (2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

# Balance

# Amount

Life

Coupon Remit

Revised Date:

Amort

ABN AMRO Acct: 722549.1

Commercial Mortgage Pass-Through Certificates

10-May-05

138

100.00%

1,787,182,864

99.95%

0.00%

216

5.29%

5.25%

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 15 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Delinquent Loan Detail

Disclosure

Control #

Paid
Thru
Date

Current P&I

Advance

Outst anding

P& I

Advances**

Out. Property

Protection
Advances

Loan Status

Code (1)

Special

Servicer

Transfer Date

Foreclosure

Date

Bankruptcy

Date

REO

Date

Revised Date:

Total

Page 16 of 34

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

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Historical Collateral Level Prepayment Report

Disclosure

Control #

Payoff

Period

Initial

Balance

Type

Payoff

Amount

Penalty

Amount

Prepayment

Date

Maturity

Date

Property

Type

Geographic

Location

Revised Date:

Cumulative

Current

Page 17 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note
Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Revised Date:

5.13%

1-Feb-10

COM5LP5A

Office

0.00

260,000,000

1,111,051

5.06%

1-Jan-10

COM5LP5A

Office

0.00

105,000,000

442,750

4.28%

1-Dec-09

COM5LP5A

Retail

0.00

96,838,945

481,355

5.29%

1-Apr-15

COM5LP5A

Office

0.00

90,000,000

396,375

5.30%

1-Apr-15

COM5LP5A

Office

0.00

55,000,000

242,917

5.22%

1-Mar-10

COM5LP5A

Office

0.00

50,390,693

278,050

4.77%

1-Apr-15

COM5LP5A

Lodging

0.00

49,937,277

261,306

5.51%

1-May-10

COM5LP5A

Office

0.00

43,000,000

197,263

5.48%

1-May-15

COM5LP5A

Office

0.00

33,000,000

150,700

5.48%

1-May-15

COM5LP5A

Office

0.00

9,740,000

44,479

5.25%

1-Apr-12

COM5LP5B

Multifamily

0.00

36,400,000

159,250

5.84%

1-Dec-19

COM5LP5A

Office

0.00

35,874,753

200,258

5.57%

1-Apr-15

COM5LP5A

Office

0.00

34,962,157

200,156

5.37%

1-Feb-15

COM5LP5A

Retail

0.00

30,346,000

135,798

5.12%

1-Feb-12

COM5LP5B

Multifamily

0.00

26,200,000

111,787

4.29%

1-Mar-12

COM5LP5B

Multifamily

0.00

22,924,215

81,859

5.07%

1-Feb-10

COM5LP5A

Office

0.00

22,000,000

92,950

5.30%

1-Feb-15

COM5LP5B

Multifamily

0.00

20,700,000

91,425

5.71%

1-Apr-15

COM5LP5A

Mixed use

0.00

20,000,000

95,167

5.47%

1-Apr-12

COM5LP5A

Office

0.00

17,658,541

100,041

4.94%

1-Apr-12

COM5LP5A

Retail

0.00

17,500,000

72,042

5.46%

1-Mar-14

COM5LP5A

Industrial

0.00

17,000,000

77,350

4.94%

1-Jan-15

COM5LP5A

Retail

0.00

16,500,000

67,925

Page 18 of 34

* NOI and DSCR, if available and reportable under the terms of the trust agreement, are based on information obtained from the related borrower, and no other party to the agreement shall be held liable for the accuracy or methodology used to

determine such figures.

(1) Legend:

A. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note
Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Revised Date:

5.63%

1-Apr-15

COM5LP5A

Industrial

0.00

16,301,062

113,590

5.64%

1-Apr-15

COM5LP5B

Multifamily

0.00

15,250,000

71,611

4.94%

1-Apr-12

COM5LP5A

Retail

0.00

15,000,000

61,750

5.43%

1-Mar-10

COM5LP5A

Office

0.00

14,400,000

65,160

5.21%

1-Feb-10

COM5LP5B

Multifamily

0.00

14,250,000

61,869

5.62%

1-Apr-15

COM5LP5A

Retail

0.00

13,985,019

80,548

5.58%

1-Mar-15

COM5LP5A

Office

0.00

13,900,000

64,635

5.52%

1-Feb-15

COM5LP5B

Multifamily

0.00

13,600,000

62,560

5.70%

1-May-15

COM5LP5A

Mixed use

0.00

13,250,000

62,938

5.65%

1-Mar-15

COM5LP5A

Retail

0.00

13,200,000

62,150

5.78%

1-May-15

COM5LP5A

Office

0.00

5,440,000

26,203

5.78%

1-May-15

COM5LP5A

Office

0.00

5,280,000

25,432

5.78%

1-May-15

COM5LP5A

Office

0.00

2,000,000

9,633

5.27%

1-Feb-15

COM5LP5A

Office

0.00

12,255,820

68,074

5.34%

1-Mar-15

COM5LP5A

Office

0.00

11,974,636

66,905

5.81%

1-Apr-15

COM5LP5B

Multifamily

0.00

11,800,000

57,132

5.58%

1-May-20

COM5LP5A

Industrial

0.00

11,150,000

51,848

5.36%

1-Nov-14

COM5LP5A

Office

0.00

11,000,000

49,088

5.48%

1-Mar-15

COM5LP5A

Self storage

0.00

9,680,120

54,954

5.88%

1-Apr-12

COM5LP5B

Multifamily

0.00

9,590,229

56,843

5.73%

1-Jan-15

COM5LP5A

Office

0.00

9,400,000

44,885

5.73%

1-Jan-15

COM5LP5A

Office

0.00

9,400,000

44,885

5.42%

1-Jan-15

COM5LP5B

Multifamily

0.00

9,300,000

42,005

Page 19 of 34

determine such figures.

(1) Legend:

A. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note
Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Revised Date:

5.62%

1-Apr-15

COM5LP5A

Office

0.00

9,101,251

52,419

6.11%

1-Apr-15

COM5LP5A

Lodging

0.00

8,991,227

54,598

5.49%

1-Jan-12

COM5LP5A

Office

0.00

8,839,000

40,424

5.33%

1-Mar-15

COM5LP5A

Retail

0.00

8,581,799

47,917

5.65%

1-Feb-15

COM5LP5A

Mixed use

0.00

8,371,721

48,488

5.30%

1-Jan-15

COM5LP5B

Multifamily

0.00

8,200,000

36,217

5.74%

1-Apr-15

COM5LP5A

Lodging

0.00

7,488,737

47,138

5.32%

1-Mar-15

COM5LP5B

Multifamily

0.00

7,484,094

41,741

5.48%

1-Apr-15

COM5LP5A

Self storage

0.00

7,092,199

40,224

6.05%

1-Apr-15

COM5LP5A

Lodging

0.00

6,989,976

45,315

5.37%

1-Jan-15

COM5LP5B

Multifamily

0.00

6,955,223

42,444

5.72%

1-Apr-15

COM5LP5B

Multifamily

0.00

6,550,119

41,151

5.28%

1-Mar-15

COM5LP5A

Mixed use

0.00

6,450,185

35,831

5.51%

1-Apr-15

COM5LP5B

Multifamily

0.00

6,390,047

39,340

5.86%

1-Apr-15

COM5LP5A

Retail

0.00

6,193,661

36,616

5.50%

1-Apr-20

COM5LP5A

Multifamily

0.00

6,000,000

27,500

5.23%

1-Apr-15

COM5LP5A

Retail

0.00

5,943,150

32,782

5.30%

1-Mar-15

COM5LP5B

Multifamily

0.00

5,920,000

26,142

5.48%

1-Jan-15

COM5LP5A

Retail

0.00

5,377,342

30,593

5.30%

1-Feb-15

COM5LP5A

Retail

0.00

5,256,149

29,292

5.49%

1-Mar-12

COM5LP5A

Industrial

0.00

5,189,366

29,492

5.33%

1-May-15

COM5LP5A

Retail

0.00

5,100,000

22,653

5.49%

1-Jan-12

COM5LP5A

Office

0.00

5,081,000

23,237

Page 20 of 34

determine such figures.

(1) Legend:

A. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note
Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Revised Date:

5.40%

1-Apr-15

COM5LP5A

Retail

0.00

5,023,391

28,239

4.67%

1-Feb-10

COM5LP5A

Retail

0.00

5,005,000

19,478

5.61%

1-Mar-15

COM5LP5A

Multifamily

0.00

4,990,039

28,739

5.28%

1-Mar-15

COM5LP5A

Self storage

0.00

4,709,913

26,164

5.37%

1-Jan-15

COM5LP5B

Multifamily

0.00

4,570,575

27,892

5.50%

1-Jan-15

COM5LP5A

Retail

0.00

4,442,329

25,335

5.41%

1-Mar-15

COM5LP5A

Industrial

0.00

4,358,912

24,555

5.35%

1-Apr-15

COM5LP5A

Retail

0.00

4,195,272

23,453

5.50%

1-Mar-15

COM5LP5A

Retail

0.00

4,191,429

23,847

5.44%

1-Mar-15

COM5LP5A

Retail

0.00

4,191,318

23,689

5.63%

1-Apr-15

COM5LP5A

Self storage

0.00

3,995,728

23,039

5.47%

1-Mar-15

COM5LP5A

Industrial

0.00

3,991,784

22,636

5.56%

1-Mar-15

COM5LP5B

Multifamily

0.00

3,988,245

24,707

5.48%

1-Apr-15

COM5LP5A

Retail

0.00

3,895,717

22,100

5.55%

1-Feb-15

COM5LP5A

Industrial

0.00

3,840,000

17,744

5.59%

1-Jan-15

COM5LP5A

Office

0.00

3,820,000

17,795

5.36%

1-Apr-15

COM5LP5A

Retail

0.00

3,795,730

21,243

5.28%

1-Mar-15

COM5LP5A

Self storage

0.00

3,448,614

19,157

5.25%

1-Mar-15

COM5LP5A

Retail

0.00

3,392,681

18,775

5.37%

1-Mar-15

COM5LP5A

Retail

0.00

3,230,172

19,650

5.38%

1-Mar-15

COM5LP5A

Retail

0.00

3,143,397

17,639

5.29%

1-Mar-15

COM5LP5B

Multifamily

0.00

3,043,490

16,918

5.29%

1-Apr-15

COM5LP5A

Self storage

0.00

2,996,584

16,641

Page 21 of 34

determine such figures.

(1) Legend:

A. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note
Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Revised Date:

5.38%

1-Mar-15

COM5LP5A

Retail

0.00

2,594,556

14,567

5.53%

1-Apr-15

COM5LP5A

Retail

0.00

2,572,197

14,669

5.04%

1-Mar-15

COM5LP5A

Retail

0.00

2,544,262

13,750

5.77%

1-Jan-15

COM5LP5A

Retail

0.00

2,484,943

15,758

5.46%

1-Mar-15

COM5LP5A

Retail

0.00

2,384,651

14,631

7.05%

1-Mar-24

COM5LP5A

Retail

0.00

2,380,014

19,053

5.59%

1-Apr-15

COM5LP5A

Retail

0.00

2,347,471

13,476

6.67%

1-Jun-19

COM5LP5A

Retail

0.00

2,339,197

21,381

100

5.85%

1-Apr-15

COM5LP5A

Retail

0.00

2,341,349

13,827

101

5.78%

1-Mar-15

COM5LP5A

Industrial

0.00

2,268,560

14,353

102

5.19%

1-Mar-15

COM5LP5A

Retail

0.00

2,245,090

12,334

103

7.25%

1-Nov-19

COM5LP5A

Retail

0.00

2,191,814

20,392

104

7.07%

1-Mar-18

COM5LP5A

Retail

0.00

2,183,353

21,608

105

5.49%

1-Mar-15

COM5LP5B

Multifamily

0.00

2,170,552

12,336

106

6.89%

1-Feb-20

COM5LP5A

Retail

0.00

2,122,615

19,132

107

7.25%

2-Jan-19

COM5LP5A

Retail

0.00

2,032,132

19,562

108

5.46%

1-Mar-15

COM5LP5A

Retail

0.00

1,960,084

12,026

109

5.41%

1-Apr-20

COM5LP5A

Retail

0.00

1,942,951

15,840

110

5.93%

1-Apr-15

COM5LP5A

Multifamily

0.00

1,853,128

11,038

111

7.00%

1-Mar-23

COM5LP5B

Multifamily

0.00

1,797,393

11,975

112

6.67%

1-Feb-19

COM5LP5A

Retail

0.00

1,791,434

16,615

113

7.47%

1-Aug-19

COM5LP5A

Retail

0.00

1,717,783

16,352

114

5.46%

1-Mar-15

COM5LP5A

Retail

0.00

1,710,772

10,496

115

Page 22 of 34

determine such figures.

(1) Legend:

A. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note
Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Revised Date:

6.95%

1-Aug-18

COM5LP5A

Retail

0.00

1,662,299

16,025

116

6.75%

1-Mar-15

COM5LP5A

Self storage

0.00

1,621,121

11,227

117

7.25%

2-Jan-19

COM5LP5A

Retail

0.00

1,560,842

15,025

118

5.17%

1-Mar-15

COM5LP5B

Multifamily

0.00

1,496,714

8,206

119

5.69%

1-Mar-15

COM5LP5A

Retail

0.00

1,455,800

9,129

120

6.43%

1-Dec-18

COM5LP5A

Retail

0.00

1,448,366

13,346

121

7.28%

1-Feb-18

COM5LP5A

Retail

0.00

1,405,905

14,130

122

5.39%

1-Feb-15

COM5LP5B

Multifamily

0.00

1,395,075

7,854

123

7.25%

1-Dec-18

COM5LP5A

Retail

0.00

1,389,986

13,428

124

5.71%

1-Mar-15

COM5LP5A

Retail

0.00

1,347,365

7,840

125

5.68%

1-Apr-15

COM5LP5B

Multifamily

0.00

1,337,969

8,373

126

5.69%

1-Apr-15

COM5LP5B

Multifamily

0.00

1,323,601

7,682

127

5.27%

1-Apr-15

COM5LP5A

Industrial

0.00

1,300,000

5,709

128

6.68%

1-Jan-15

COM5LP5A

Industrial

0.00

1,269,806

9,756

129

5.74%

1-Feb-15

COM5LP5A

Retail

0.00

1,255,825

7,347

130

6.16%

1-Feb-19

COM5LP5A

Retail

0.00

1,225,615

11,031

131

5.74%

1-Feb-15

COM5LP5A

Retail

0.00

1,225,924

7,172

132

7.78%

1-Dec-22

COM5LP5B

Multifamily

0.00

1,196,003

8,622

133

5.93%

1-Apr-10

COM5LP5A

Multifamily

0.00

1,138,850

6,784

134

6.06%

1-Mar-15

COM5LP5B

Multifamily

0.00

1,073,061

6,487

135

5.46%

1-Feb-15

COM5LP5A

Self storage

0.00

996,522

5,652

136

5.88%

1-Mar-15

COM5LP5B

Multifamily

0.00

893,879

7,536

137

5.38%

1-Feb-10

COM5LP5C

Office

0.00

86,000,000

385,258

138

Page 23 of 34

determine such figures.

(1) Legend:

A. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note
Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Revised Date:

1,787,182,864

8,726,726

Page 24 of 34

determine such figures.

(1) Legend:

A. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Deutsche Mortgage & Asset Receiving Corporation

Mortgage Loan Characteristics

ABN AMRO Acct: 722549.1

Commercial Mortgage Pass-Through Certificates

COMM 2005-LP5

29-Apr-05

10-Jun-05

N/A

10-May-05

11-May-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Revised Date:

Distribution of Mortgage Interest Rates

Distribution of Principal Balances

Distribution of Remaining Term (Balloon)

Distribution of Remaining Term (Fully Amortizing)

Page 25 of 34

Current Scheduled

Balance

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

41,794,073

2.34

139

6.20

0.00

0 to

2,000,000

42,199,340

2.36

137

5.98

0.00

2,000,000 to

3,000,000

43,585,558

2.44

118

5.44

0.00

3,000,000 to

4,000,000

94,265,185

5.27

111

5.41

0.00

4,000,000 to

6,000,000

45,529,211

2.55

126

5.62

0.00

6,000,000 to

7,000,000

131,260,378

7.34

113

5.59

0.00

7,000,000 to 10,000,000

154,765,475

8.66

111

5.50

0.00

10,000,000 to 15,000,000

227,033,818

12.70

5.18

0.00

15,000,000 to 30,000,000

368,910,880

20.64

106

5.34

0.00

30,000,000 to 70,000,000

637,838,945

35.69

5.04

0.00

70,000,000 &

Above

260,000,000

893,879

1,787,182,864

138

100.00

Average Schedule Balance
Maximum Schedule Balance
Minimum Schedule Balance

12,950,600

Current Mortgage

Interest Rate

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

119,763,160

6.70

4.28

0.00

4.250%

4.500%

5,005,000

0.28

4.67

0.00

4.501%

4.750%

98,937,277

5.54

107

4.85

0.00

4.751%

5.000%

529,862,589

29.65

5.13

0.00

5.001%

5.250%

599,265,265

33.53

106

5.37

0.00

5.251%

5.500%

298,800,277

16.72

112

5.61

0.00

5.501%

5.750%

87,159,353

4.88

137

5.83

0.00

5.751%

6.000%

18,279,879

1.02

122

6.09

0.00

6.001%

6.250%

1,448,366

0.08

163

6.43

0.00

6.251%

6.500%

7,021,557

0.39

147

6.69

0.00

6.501%

6.750%

5,582,307

0.31

184

6.94

0.00

6.751%

7.000%

11,738,142

0.66

176

7.18

0.00

7.001%

7.250%

3,123,688

0.17

163

7.38

0.00

7.251%

7.500%

0.00

7.501%

7.750%

1,196,003

0.07

211

7.78

0.00

7.751%

Above

138

1,787,182,864

Minimum Mortgage Interest Rate
Maximum Mortgage Interest Rate

100.00

4.280%
7.780%

Fully Amortizing

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

120

36,164,292

2.02

171

6.47

0.00

121

180

2,380,014

0.13

226

7.05

0.00

181

240

0.00

241

Above

226

153

38,544,306

Minimum Remaining Term
Maximum Remaining Term

2.16

Balloon

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

698,023,488

39.06

5.06

0.00

107

1,005,746,921

56.28

112

5.38

0.00

120

41,874,753

2.34

176

5.79

0.00

121

180

2,993,395

0.17

213

7.31

0.00

181

240

0.00

241

& Above

214

122

1,748,638,558

Minimum Remaining Term
Maximum Remaining Term

97.84

Deutsche Mortgage & Asset Receiving Corporation

Mortgage Loan Characteristics

ABN AMRO Acct: 722549.1

Commercial Mortgage Pass-Through Certificates

COMM 2005-LP5

29-Apr-05

10-Jun-05

N/A

10-May-05

11-May-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Revised Date:

Geographic Distribution

Distribution of DSCR (PFY)

Distribution of DSCR (Cutoff)

Page 26 of 34

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

Less than zero

0.00

0.001 0.750

0.00

0.126 0.250

0.00

0.251 0.375

0.00

0.376 0.500

0.00

0.501 0.625

0.00

0.626 0.750

0.00

0.751 0.875

0.00

0.876 1.000

0.00

1.126 1.375

0.00

1.376 1.625

0.00

1.626 1.875

0.00

1.876 2.125

0.00

2.126 2.375

0.00

2.376 & Above

138

1,787,182,864

100.00

5.29

0.00

Unknown

0.000
0.000

138

1,787,182,864

100.00

Minimum DSCR

Maximum DSCR

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

Less than zero

0.00

0.000 0.499

0.00

0.500 0.999

105

1,034,397,282

57.88

102

5.45

0.00

1.000 1.499

303,464,979

16.98

102

5.03

0.00

1.500 1.999

64,820,603

3.63

114

4.85

0.00

2.000 2.499

378,500,000

21.18

5.17

0.00

2.500 2.999

0.00

3.000 3.499

0.00

3.500 3.999

0.00

4.000 4.499

0.00

4.500 4.999

0.00

5.000 5.499

0.00

5.500 5.999

0.00

6.000 6.499

6,000,000

0.34

179

5.50

0.00

6.500 & Above

14.190

1.050

138

1,787,182,864 100.00

Minimum DSCR

Maximum DSCR

Geographic

Location

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

New York

610,387,831

34.15

5.27

0.00

California

278,790,366

15.60

122

5.44

0.00

Florida

199,081,817

11.14

119

5.25

0.00

Michigan

133,448,976

7.47

4.58

0.00

Texas

121,522,443

6.80

100

5.32

0.00

Illinois

89,916,595

5.03

5.13

0.00

Georgia

46,274,809

2.59

114

5.58

0.00

New Jersey

41,905,820

2.34

5.46

0.00

Virginia

38,075,487

2.13

123

5.84

0.00

Arizona

35,525,071

1.99

4.67

0.00

Nevada

25,354,119

1.42

118

5.43

0.00

Ohio

22,817,058

1.28

133

5.81

0.00

Maryland

21,771,121

1.22

118

5.71

0.00

Washington

21,648,574

1.21

120

5.67

0.00

Oregon

16,372,615

0.92

5.43

0.00

Massachusetts

13,985,019

0.78

119

5.62

0.00

North Carolina

11,470,552

0.64

116

5.43

0.00

Iowa

9,590,229

0.54

5.88

0.00

Colorado

9,101,251

0.51

119

5.62

0.00

Tennessee

7,761,563

0.43

5.50

0.00

Kansas

7,488,737

0.42

119

5.74

0.00

Minnesota

5,587,752

0.31

118

5.18

0.00

Mississippi

3,988,245

0.22

118

5.56

0.00

Rhode Island

2,341,349

0.13

119

5.85

0.00

Maine

2,339,197

0.13

169

6.67

0.00

Alabama

1,960,084

0.11

118

5.46

0.00

West Virginia

1,717,783

0.10

171

7.47

0.00

Utah

1,621,121

0.09

118

6.75

0.00

Pennsylvania

1,405,905

0.08

153

7.28

0.00

Idaho

1,337,969

0.07

119

5.68

0.00

Indiana

1,323,601

0.07

119

5.69

0.00

Connecticut

1,269,806

0.07

116

6.68

0.00

100.00

1,787,182,864

138

Deutsche Mortgage & Asset Receiving Corporation

Mortgage Loan Characteristics

ABN AMRO Acct: 722549.1

Commercial Mortgage Pass-Through Certificates

COMM 2005-LP5

29-Apr-05

10-Jun-05

N/A

10-May-05

11-May-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Revised Date:

Distribution of Loan Seasoning

Distribution of Property Types

Distribution of Year Loans Maturing

Distribution of Amortization Type

Page 27 of 34

Property Types

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Office

964,517,850

53.97

5.30

0.00

Retail

340,193,098

19.04

100

5.15

0.00

Multifamily

259,782,499

14.54

104

5.34

0.00

Lodging

73,407,218

4.11

119

5.15

0.00

Industrial

66,669,490

3.73

123

5.56

0.00

Mixed use

48,071,907

2.69

119

5.64

0.00

Self storage

34,540,802

1.93

118

5.49

0.00

1,787,182,864

138

100.00

Amortization Type

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

AmortizingBalloon

607,753,343

34.01

105

5.27

0.00

Full Amortizing

38,544,306

2.16

174

6.50

0.00

IO Maturity Balloon

654,269,215

36.61

5.16

0.00

IO/Amortizing/Balloon

486,616,000

27.23

106

5.41

0.00

1,787,182,864

138

100.00

Number of Months

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

126

1,766,234,138

98.83

0.00

5.27

0.00

6,248,794

0.35

171

0.00

7.09

11,110,674

0.62

163

0.00

6.88

3,589,258

0.20

154

0.00

7.15

0.00

108

0.00

109

120

0.00

121

138

1,787,182,864

100.00

Year

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

2005

0.00

2006

0.00

2007

0.00

2008

96,838,945

5.42

4.28

0.00

2009

601,184,543

33.64

5.19

0.00

2010

0.00

2011

164,382,351

9.20

5.12

0.00

2012

0.00

2013

28,000,000

1.57

109

5.42

0.00

2014

813,364,570

45.51

118

5.43

0.00

2015

83,412,455

4.67

176

6.18

0.00

2016 & Greater

100.00

1,787,182,864

138

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

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

Revised Date:

Loan

Status

Code(1)

Page 28 of 34

(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

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

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

Disclosure

Control #

Resolution

Strategy

Comments

Revised Date:

Page 29 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Modified Loan Detail

Disclosure

Control #

Modification

Date

Cutoff

Maturity

Date

Modification

Description

Modified

Maturity

Date

Revised Date:

Page 30 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Defeased Loans

Revised Date:

Disclosure
Control #

Page 31 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

Appraisal Reduction Detail

Disclosure

Control#

Appraisal

Red. Date

Scheduled

Balance

ASER

Note

Rate

Maturity

Date

Property

Type

Geographic

Location

Appraisal

Value Date

DSCR

Revised Date:

Remaining Term

Life

ARA

Amount

Current P&I

Advance

Page 32 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

Historical Collateral Level REO Report

Property

Type

Revised Date:

State

Actual

Balance

Scheduled

Balance

Recent

Appraisal

Value

Appraisal

Reduction

Amount

Date

Liquidated

Liquidation

Proceeds

Liquidation

Expenses

Realized

Loss

Disclosure

Control #

REO

Date

City

Appraisal

Date

ABN AMRO Acct: 722549.1

Page 33 of 34

Deutsche Mortgage & Asset Receiving Corporation

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

11-May-05
10-May-05

N/A

10-Jun-05

29-Apr-05

COMM 2005-LP5

Commercial Mortgage Pass-Through Certificates

ABN AMRO Acct: 722549.1

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

Revised Date:

Current Total

Cumulative

Page 34 of 34

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

Filing Compare · COMM 2005-LP5