Subject: CMBS Pricing (PRICE)

October 11, 2001 All loans are conduit-style and have been current 29 months since origination. Class Amount Sub. Rate (%) Rating S&P Rating Fitch Avg. Life Price Talk Benchmark A 57.7 49.25 AAA AAA 6 +85-90 Swaps B 6.8 43.25 ...

October 3, 2001 Class Amount Sub. Rate Rating Moody's Rating S&P Avg. Life Original Talk Revised Talk Priced Benchmark A 365.2 41 AAA AAA 1.7 +33 area +55 area +60 Libor B 46.4 33.5 AA AA 1.9 +55 area +85 ...

October 2, 2001 Deal is set to price Wednesday afternoon, Oct. 3. Class Amount Sub. Rate Rating Moody's Rating S&P Avg. Life Original Talk Revised Talk Benchmark A 365.2 41 AAA AAA 1.7 +33 area +55 area Libor B 46.4 ...

September 27, 2001 Class Amount Sub. Rate (%) Rating S&P Rating Moody's Avg. Life Price Talk (Sept. 25) Priced Benchmark A1* 345.8 22.3 AAA Aaa 5.74 +67 area (L+36 area) +67 (L+30) Swaps A2* 825 22.3 AAA Aaa 9.62 +72 ...

September 25, 2001 Class Amount Sub. Rate (%) Rating S&P Rating Moody's Avg. Life New Price Talk Benchmark A1* 345.8 22.3 AAA Aaa 5.74 +67 area (L+36 area) Swaps A2* 825 22.3 AAA Aaa 9.62 +72 area (L+50 area) Swaps ...

September 21, 2001 Class Amount Rating Moody's Rating S&P Avg. Life Price Talk Benchmark A 365.2 AAA AAA 1.7 +33 area Libor B 46.4 AA AA 1.9 +55 area Libor C 35.6 A A 2.2 +100 area Libor D 12.4 ...

September 20, 2001 Commercial Real Estate Direct Staff ReportNew price guidance is due out within the hour, or tomorrow morning at the latest, for the long-awaited COMM 2001-J2 Mortgage Trust CMBS deal.The large-loan issue had been in the market since ...

September 18, 2001 Class Amount Rating Moody's Rating Fitch Rating S&P Avg. Life Price Talk Priced Benchmark A-1 22.5 Aaa AAA AAA 5.49 +28-30 +35 Libor A-2 85.1 Aaa AAA AAA 9.8 +40-42 +45 Libor B 4.8 Aa1 AA+ AA ...

September 10, 2001 Class Amount Rating Moody's Rating Fitch Rating S&P Avg. Life Price Talk Benchmark A-1 22.5 Aaa AAA AAA 5.49 +28-30 Libor A-2 85.1 Aaa AAA AAA 9.8 +40-42 Libor B 4.8 Aa1 AA+ AA 9.8 +50 area ...

September 5, 2001 Class Amount Rating Moody's Rating S&P Avg. Life Price Talk Benchmark A-1 80 AAA Aaa 2.7 +42 area Swaps A-2 150 AAA Aaa 5.7 +48 area Swaps A-3 118.9 AAA Aaa 7.7 +52 area Libor A-4 900 ...