Subject: CMBS Pricing (PRICE)

The $195 million single-asset deal came and went in a flash, investors said. It was backed by Seattle's Bank of America Tower, and pricing came in tighter than guidance.

June 20, 2000 Go To Initial Price Guidance.DLJ Commercial Mortgage Corp., Series 2000-CF1ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriced(BP)BnchMarkA-1A96.125.25AAAAAA5+30Libor (Treas. +134.6)A-1B566.425.25AAAAAA10+41Libor (Treas. +162.75)A-244.320.25AAAA10+55Libor (Treas. +177.75)A-337.716AA10+73Libor (Treas. +195.75)A-413.314.5A-A-10+82Libor (Treas. +204.75)B-13111BBBBBB10+245Treas.B-211.19.75BBB-BBB-10+275Treas.S*886.2--AAAAAA--+375**Treas.* Notional amount and interest-only** At 100 percent CPR.Classes B-3 through B-8, C and D were privately ...

June 20, 2000 Go To S&P's Presale Report.Go To Moody's Presale Report.Prudential Securities Secured Financing Corp., $818.4 mln. Series 2000-Key 1ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePricetalk(BP)BnchMarkA-113426AAAAaa5+30 area3-mo. LiborA-2471.626AAAAaa10+41 area3-mo. LiborB34.821.75AAAa210+53-553-mo. LiborC40.916.75AA210+65-673-mo. LiborD10.215.5A-A310+75-773-mo. LiborE10.214.25BBB+Baa110+230-235Treas.F18.412BBBBaa210+240-245Treas.G14.310.25BBB-Baa310+275 areaTreas.X*818.4N/AAAAAaa--+365 area**Treas.* Interest-only class** At 100 percent CPR.

June 19, 2000 Go To Fitch Presale Report. Go To Moody's Presale Report. Chase Commercial Mortgage Securities Corp., Series 2000-2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePricetalk(BP)BnchMarkA-111924AAAAaa5+28-303-mo. LiborA-2442.524AAAAaa10+37-393-mo. LiborB26.820.375AAAa210+49-523-mo. LiborC34.215.75AA210+61-643-mo. LiborD1214.125A-A310+71 area3-mo. LiborE2311BBBBaa210+240 areaTreas.X*738.7NAAAAAaaNA+365 area**Treas.* Interest-only strip.** At 100 percent CPR.

June 15, 2000 PNC Mortgage Acceptance Corp., 2000-C1ClassAmount ($mln)Sub. Level (%)Rating Moody'sRating FitchAvg. LifePrice Talk (bp)BenchmarkA-1150.923.5AaaAAA5.7+331-mo LiborA-2463.123.5AaaAAA9.1+421-mo LiborB34.119.25Aa2AA9.7+591-mo LiborC34.115.00A2A9.7+751-mo LiborD10.013.75A3A-9.7+831-mo LiborE26.110.50Baa2BBB9.8+25010-yr TreasF12.09.0Baa3--9.8+27510-yr TreasX802.5NA----+400--10-yr Treas

June 15, 2000Go To Fitch Presale Report.Punch Funding II Ltd. (U.K.)ClassAmount(Mln Pounds; $mln U.S.)RatingFitchRatingS&PLoan typePriced(BP)BnchMarkA1350; 524.8AAAAAAFloating+353-mo. LiborA2300; 449.8AAAAAAFixed+180Brit. Treas.M450; 674.7AAFloating+1103-mo. LiborN1165; 247.4BBBBBBFloating+2653-mo. LiborN2150; 224.9BBBBBBFixed+400Brit. Treas.O69; 103.5BBBBFloating+5753-mo. Libor

June 12, 2000 SASCO Floating-Rate Commercial Mortgage Trust 2000-C2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sPriced(BP)BnchMarkA443.155.25AAAAaa+23LiborB32.252AA+Aaa+30LiborC54.546.5AAAa2+38LiborD24.844AA-Aa2+45LiborE27.241.25A+Aa3+57LiborF42.137AA2+75LiborG29.734A-A3+90LiborH24.831.5BBB+Baa1+150LiborJ34.728BBBBaa2+160LiborK32.224.75BBB-Baa3+215Libor

June 12, 2000 Go To S&P Presale Report.Go To Fitch Presale Report.DLJ Commercial Mortgage Corp., Series 2000-CF1ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePricetalk(BP)BnchMarkA-1A96.125.25AAAAAA5+30 area1-mo. LiborA-1B566.425.25AAAAAA10+41 area1-mo. LiborA-244.320.25AAAA10+55 area1-mo. LiborA-337.716AA10+70 area1-mo. LiborB-13111BBBBBB10+240 areaTreas.B-211.19.75BBB-BBB-10+275 areaTreas.S*886.2--AAAAAA--+350**Treas.* Notional amount and interest-only** At 100 percent CPR.Classes B-3 through B-8, C ...

June 8, 2000PNC Mortgage Acceptance Corp., 2000-C1ClassAmount ($mln)Sub. Level (%)Rating Moody'sRating FitchAvg. LifePrice Talk (bp)BenchmarkA-1150.923.5AaaAAA5.728-301-mo LiborA-2463.123.5AaaAAA9.1401-mo LiborB34.119.25Aa2AA9.7551-mo LiborC34.115.00A2A9.7701-mo LiborD10.013.75A3A-9.7801-mo LiborE26.110.50Baa2BBB9.824010-yr TreasF12.09.0Baa3--9.827510-yr TreasX802.5NA--------10-yr Treas

June 6, 2000 Salomon Brothers Mortgage Securities VII Inc., Series 2000-C1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePriced(BP)BnchMarkA-1133.725.5AaaAAA5.7+130.5 (L+30)Treas.A-2409.725.5AaaAAA9.14+159.1 (L+42)Treas.B36.520.5Aa2AA9.5+173.9Treas.C3116.25A2A9.5+189Treas.D10.914.75A3A-9.5+199Treas.E9.113.5Baa1BBB+9.5+240Treas.F14.611.5Baa2BBB9.6+250Treas.G10.910Baa3BBB-9.6+285Treas.X729.4N/AAaaAAAN/A+345*Treas.* Interest-only strip, at 100 percent constant prepayment rate. Go To S&P's Presale Report.Go To Moody's Presale Report.