Subject: CMBS Pricing (PRICE)

March 3, 2000 $886.4 Million GMAC Commercial Mortgage Conduit 2000-C1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifePriceTalk(BP)BnchMarkA-1125.925AaaAAA5.7+33 area1-mo. LiborA-2541.125AaaAAA9.6+42 area1-mo. LiborB37.720.75Aa2AA9.8+155 areaTreas.C42.115.75A2AA-9.8+168 areaTreas.D8.914.75A3A-9.8+176 areaTreas.E3111.25Baa2BBB9.8+210 areaTreas.F15.59.75Baa3BBB-9.8+260 areaTreas.X886.4N/AAAAAaa9.1+400 @ 100 cprTreas.

February 25, 2000 Vornado Finance Pass-Through Certificates, Series 2000-VNOClassAmount($mln)Sub. Level(%)RatingMoody'sRatingDuff & PhelpsAvg. LifePriced (BP)BnchMarkA-16140.4AaaAAA5.7+114Treas.A-223740.4AaaAAA10+150.5Treas.B5529.4Aa2AA10+165.5Treas.C5618.2A2A10+187.5Treas.D1714.8A3A10+197.5Treas.E455.8Baa2BBB10+225Treas.F290.0Baa3BBB-10+261.5Treas.Go To Original Price Talk, with Pre-Sale Reports (Feb. 16)

February 17, 2000 Go To Yesterday' Story on this deal in the IPGDirect.com Archive.GS Mortgage Securities Corp. II, 2000-GSFL IIIClassAmount($mln)RatingMoody'sRatingS&PPrice Talk(BP)BnchMarkA187AAAAAA+281-Mo. LiborB66AA2AA++371-Mo. LiborC28AA3AA-+471-Mo. LiborD44A2A+861-Mo. LiborE34A3A-+971-Mo. LiborF34Baa2BBB+1751-Mo. Libor"G"18.76 *Baa3BBB-N/A1-Mo. Libor* The G-class pieces (G1, G2, and G3) are the junior strips ...

February 17, 2000 Go To Previous Story with Initial Price Guidance in the IPGDirect.com Archive. Fannie Mae, $458 Million Multi-FamilyClassAmount($mln)Avg.LifeSpread(BP)BnchMarkA160.33.5+90Treas. curveB1307.5+115Treas. curveC97.710.4+145Treas. curveD6116.9+170Treas. curve

February 16, 2000GS Mortgage Securities Corp. II, 2000-GSFL IIIClassAmount($mln)RatingMoody'sRatingS&PPrice Talk(BP)BnchMarkA187AAAAAA30 area1-Mo. LiborB66AA2AA+40 area1-Mo. LiborC28AA3AA-50 area1-Mo. LiborD44A2A95 area1-Mo. LiborE34A3A-105 area1-Mo. LiborF34Baa2BBB190 area1-Mo. Libor"G"18.76 *Baa3BBB-N/A1-Mo. Libor* The G-class pieces (G1, G2, and G3) are the junior strips of loans on three of ...

February 16, 2000 Go To Moody's Pre-Sale Report and Previous Stories in the IPGDirect.com Archive.Mall of America Capital Co., Series 2000-1ClassAmount($mln)RatingMoody'sRatingS&PPrice talk(BP)BnchMarkA200AaaAAA+28-301-mo. LiborB36Aa2AA+42-451-mo. LiborC45A2A+90 area1-mo. LiborD31Baa1BB++170 area1-mo. Libor

February 16, 2000 Go To Duff & Phelps' Pre-Sale ReportGo To Moody's Pre-Sale Report.Vornado Finance Pass-Through Certificates, Series 2000-VNOClassAmount($mln)Sub. Level(%)RatingMoody'sRatingDuff & PhelpsAvg. LifePrice Talk(BP)BnchMarkA-16140.4AaaAAA5+108-110Treas.A-223740.4AaaAAA10+143-146Treas.B5529.4Aa2AA10+155-158Treas.C5618.2A2A10+167-170Treas.D1714.8A3A-10+177-180Treas.E455.8Baa2BBB10+195-200Treas.F290.0Baa3BBB-10+240-245Treas.

February 2, 2000 Go To Initial Price Talk (Jan. 27)Go To Revised Price Talk (Feb. 1)Heller Financial Commercial Mortgage Asset Corp., 2000-PH1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BnchMarkA-117126.5AAAAaa5.7+109.5Treas.A-2532.326.5AAAAaa9.5+128.75Treas.B43.122AAAa29.8143.75Treas.C47.817AA29.8156.75Treas.D11.915.75A-A39.9166.75Treas.E*35.912BBBBaa29.9186.75Treas.F*14.410.5BBB-Baa39.9251.75Treas.X**956.9--AAAAaa9.3NATreas.* Privately placed. ** Interest only, notional amount. N/A Not available.

February 1, 2000 Price talk from last week on the Heller 2000-PH1 issue widened significantly today, in line with swap spreads. The following is the revised guidance. Final pricing on the deal could come later today, or early tomorrow morning. ...

January 27, 2000Click here to read yesterday's story on this transaction in the IPGDirect.com archives.Click here for the Fitch IBCA Pre-Sale Report.Click here for the Moody's Pre-Sale Report.Heller Financial Commercial Mortgage Asset Corp., 2000-PH1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BnchMarkA-117126.5AAAAaa5.7+92-95Treas.A-2532.326.5AAAAaa9.5+109-112Treas.B43.122AAAa29.8123 areaTreas.C47.817AA29.8137 areaTreas.D11.915.75A-A39.9149 areaTreas.E*35.912BBBBaa29.9180 areaTreas.F*14.410.5BBB-Baa39.9250 areaTreas.X**956.9--AAAAaa9.3TBATreas.* ...