N-CSR

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-05291

College and University Facility Loan Trust One

 (Exact name of registrant as specified in charter)

c/o U.S. Bank One Federal Street Boston, MA 02110
(Address of principal executive offices) (Zip code)

Brian True
U.S. Bank Corporate Trust Services
One Federal Street
Boston, MA 02110
(Name and address of agent for service)

Registrant’s telephone number, including area code: (513) 632-5578

Date of fiscal year end: November 30

Date of reporting period: December 1, 2009 — November 30, 2010

ITEM 1. REPORT TO STOCKHOLDERS.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To U.S. Bank National Association, Owner Trustee, The Bank of New York Mellon Trust Company, N.A., Bond Trustee, and the Certificateholders of College and University Facility Loan Trust One:

We have audited the accompanying statement of assets and liabilities of College and University Facility Loan Trust One (the “Trust”), including the schedule of investments as of November 30, 2010 and the related statements of operations and cash flows for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. The Trust is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of November 30, 2010, by correspondence with the custodian; where replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

As described in Note 2 to the financial statements, the Trust is accounting for its investments under the amortized cost method of accounting, with its loan investments adjusted by an allowance for loan loss. In our opinion, accounting principles generally accepted in the United States of America require that the investments be accounted for under the fair value method of accounting and that the financial statements include the disclosures required under Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures. Accounting for the investments under the fair value method of accounting, based on management’s estimate of fair value as described in Note 8, would result in an increase of approximately $5,739,000 in the recorded value of the investments as of November 30, 2010, and would result in a change in net assets resulting from operations of approximately $(4,000) and $1,237,000 for the years ended November 30, 2010 and November 30, 2009, respectively and would also impact the financial highlights presented.

In our opinion, except for the effect on the 2010 and 2009 financial statements and the financial highlights of accounting for investments under the amortized cost method of accounting, as discussed in the preceding paragraph, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of College and University Facility Loan Trust One as of November 30, 2010, the results of its operations and its cash flows for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

DELOITTE & TOUCHE LLP

Boston, Massachusetts
January 31, 2011

College and University
Facility Loan Trust One

Financial Statements
As of and for the Year Ended
November 30, 2010

College and University
Facility Loan Trust One

Statement of Assets and Liabilities

November 30,	2010
Assets:
Investments, at amortized cost, net of allowance for loan losses of $454,000 (Notes 1, 2, 6, 7 and 8)	$	20,496,162
Cash		50,000
Interest receivable		468,556
Deferred bond issuance costs (Note 2)		47,665
Total assets		21,062,383
Liabilities:
Bonds payable (Notes 3 and 8)		9,689,463
Bond interest payable (Note 3)		511,119
Accrued expenses and other liabilities		149,925
Distributions payable to Class B certificateholders (Note 5)		648,234
Total liabilities		10,998,741
Net Assets:
Class B certificates, par value $1 — authorized, issued and outstanding — 1,001,643 certificates (Note 5)		1,001,643
Distributions in excess of tax earnings (Note 2)		(454,000	)
Additional paid-in capital		9,515,999
Net assets	$	10,063,642
Net asset value per Class B certificate (based on 1,001,643 certificates outstanding)	$	10.05

The accompanying notes are an integral part of these financial statements.

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College and University
Facility Loan Trust One

Statement of Operations

Year ended November 30,	2010
Investment income:
Interest income	$	2,190,352
Expenses:
Interest expense (Note 3)		1,122,669
Servicer fees (Note 4)		10,109
Trustee fees (Note 4)		42,209
Other trust and bond administration expenses		314,062
Total expenses		1,489,049
Net investment income		701,303
Decrease in provision for loan losses (Note 6)		126,000
Net increase in net assets resulting from operations	$	827,303

The accompanying notes are an integral part of these financial statements.

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College and University
Facility Loan Trust One

Statement of Cash Flows

Year ended November 30,	2010
Cash flows from operating activities:
Reconciliation of net increase in net assets resulting from operations to net cash provided by operating activities:
Net increase in net assets resulting from operations	$	827,303
Decrease in loan principal balance		2,798,453
Amortization of purchase discount on Loans		(1,139,833	)
Decrease in provision for loan losses		(126,000	)
Decrease in investment agreements		1,159,424
Increase in interest receivable		(33,739	)
Amortization of deferred bond issuance costs		26,433
Decrease in Bond interest payable		(142,348	)
Decrease in payable to Trustees		(246	)
Increase in accrued expenses and other liabilities		32,976
Net cash provided by operating activities	$	3,402,423
Cash flows from financing activities:
Principal repayments on Bonds		(2,698,537	)
Distributions to Class B certificateholders		(703,886	)
Net cash used in financing activities		(3,402,423	)
Net decrease in cash		—
Cash, beginning of year		50,000
Cash, end of year	$	50,000
Supplemental Cash Flow Information
Cash paid for interest on bonds	$	1,238,584

The accompanying notes are an integral part of these financial statements.

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College and University
Facility Loan Trust One

Statements of Changes in Net Assets

Year ended November 30,	2010			2009
From operations:
Net investment income	$	701,303		$	702,057
Decrease (Increase) in provision for loan losses		126,000			(120,000	)
Net increase in net assets applicable to Class B certificateholders resulting from operations		827,303			582,057
Distributions to Class B certificateholders from:
Tax return of capital (Note 5)		(789,468	)		(911,170	)
Net increase in net assets		37,835			(329,113	)
Net assets:
Beginning of year		10,025,807			10,354,920
End of year	$	10,063,642		$	10,025,807

The accompanying notes are an integral part of these financial statements.

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College and University
Facility Loan Trust One

Financial Highlights

Years ended November 30,	2010			2009			2008			2007			2006
Net asset value, beginning of year	$	10.01		$	10.34		$	10.45		$	10.52		$	10.86
Net investment income		.70			.70			.50			.84			.66
(Increase) decrease in allowance for loan losses		.13			(.12	)		—			.10			.10
Distributions to Class B certificateholders from tax return of capital		(.79	)		(.91	)		(.61	)		(1.01	)		(1.10	)
Net asset value, end of year	$	10.05		$	10.01		$	10.34		$	10.45		$	10.52
Total investment return (a)		N/A			N/A			N/A			N/A			N/A
Net assets applicable to Class B certificates, end of year	$	10,063,642		$	10,025,807		$	10,354,920		$	10,470,620		$	10,540,720
Ratios and Supplemental Data:
Ratio of operating expenses to average net assets applicable to Class B certificates		14.82%	(b)		17.35	%(b)		21.08	%(b)		23.47	%(b)		26.24	%(b)
Ratio of net investment income to average net assets applicable to Class B certificates		6.98	%		6.89	%		4.79	%		8.00	%		6.20	%
Number of Class B certificates outstanding, end of year		1,001,643			1,001,643			1,001,643			1,001,643			1,001,643

(a)

The Trust’s investments are recorded at amortized cost as discussed in Note 2. Accordingly, the financial statements do not reflect the market value of such investments. For this reason, management believes that no meaningful information can be provided regarding “Total investment return” and has not included information under that heading. In addition, as the Trust did not purchase or sell investments during the periods presented, “portfolio turnover” would have been 0% for all periods presented.

(b)

Excluding interest expense, the ratio of operating expenses to average net assets applicable to Class B certificates was 3.65%, 3.42%, 4.60%, 4.28% and 4.24% in 2010, 2009, 2008, 2007 and 2006, respectively.

The accompanying notes are an integral part of these financial statements.

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

1.	Organization and Business
	College and University Facility Loan Trust One (the Trust) was formed on September 17, 1987 as a business trust under the laws of the Commonwealth of Massachusetts by a declaration of trust by Bank of Boston (the Owner Trustee), succeeded by State Street Bank and Trust Company, succeeded by US Bank (successor Owner Trustee), not in its individual capacity but solely as Owner Trustee. The Trust is registered under the Investment Company Act of 1940 (as amended) as a diversified, closed-end, management investment company.
	The Trust was formed for the sole purpose of raising funds through the issuance and sale of bonds (the Bonds). The Trust commenced operations on September 29, 1987 (the Closing Date) and issued Bonds in five tranches in the aggregate principal amount (at maturity) of $126,995,000. The Bonds constitute full recourse obligations of the Trust. The collateral securing the Bonds consists primarily of a pool of loans made to college and university facilities (the “Loans”) and certain other funds held under the indenture (the Indenture) and the investment agreements. The Loans were originated by, or previously assigned to, the United States Department of Education (ED) under the College Housing Loan Program or the Academic Facilities Loan Program. The Loans, which have been assigned to The Bank of New York Mellon, National Association, as successor in interest to J.P. Morgan Trust Company, National Association, as successor in interest to Bank One Trust Company, NA, formerly The First National Bank of Chicago (the Bond Trustee), are secured by various types of collateral, including mortgages on real estate, general recourse obligations of the borrowers, pledges of securities and pledges of revenues. As of the Closing Date, the Loans had a weighted average stated interest rate of approximately 3.16% and a weighted average remaining term to maturity of approximately 19.4 years. Payments on the Loans are managed by the Bond Trustee in various fund accounts and are invested under investment agreements (see Note 2) as specified in the Indenture.

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

1.

Organization and Business (Continued)

All payments on the Loans and earnings under the investment agreements and any required transfers from the Expense, Reserve and Liquidity Funds are deposited to the credit of the Revenue Fund held by the Bond Trustee, as defined within, and in accordance with the Indenture. On each bond payment date, amounts on deposit in the Revenue Fund are applied in the following order of priority: to pay amounts due on the Bonds, to pay administrative expenses not previously paid from the Expense Fund, to fund the Expense Fund to the Expense Fund Requirement, to fund the Reserve Fund to the Maximum Reserve Requirement and to fund the Liquidity Fund to the Liquidity Fund Requirement. Any funds remaining in the Revenue Fund on such payment date are paid to the Class B certificateholders, as discussed in Note 5.

2. Summary of Significant Accounting Policies

(a) College and University Facility Loans

The Loans were purchased by the Trust at amounts below the par value of the Loans.

Pursuant to a “no-action letter” that the Trust received from the Securities and Exchange Commission, the Loans were recorded at the discounted value below par and are being accounted for under the amortized cost method of accounting, net of any allowance for loan losses. Under this method, the difference between the cost of each Loan to the Trust and the scheduled principal and interest payments is amortized, assuming no prepayments of principal, and included in the Trust’s income by applying the Loan’s effective interest rate to the amortized cost of that Loan. Upon a Loan prepayment, the remaining discount is recognized as interest income. The remaining balance of the purchase discount on the Loans as of November 30, 2010 was approximately $4,241,000. For the year ended November 30, 2010 the trust recognized approximately $1,463,000 of interest income related to the amortization of the purchase discount. As a result of prepayments of Loans during the year ended November 30, 2010, additional interest income of approximately $194,000 was recognized in the statement of operations.

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

2. Summary of Significant Accounting Policies (Continued)

(a) College and University Facility Loans (Continued)

Accounting Standard Codification (“ASC”) Topic 820 Fair Value Measurements and Disclosures (“ASC 820”), requires that the Loans be accounted for at fair value. However, management believes that the amortized cost method of accounting, net of any allowance for loan losses, best serves the informational needs of the users of the Trust’s financial statements.

The Trust records an allowance for loan losses based on the Trust’s evaluation of collectability of the Loans within the portfolio. The Loans are classified into three separate pools based on risk and collection performance. The pools are then assigned a reserve percentage based on risk and other factors and a reserve is systematically calculated for the pools:

(1)	General — Loans are performing on a timely basis and where there is no information that leads the Trust to reclassify to a different risk pool.
(2)	Substandard — Loans are generally classified into this category resulting from either historical collection issues or administrative issues with receiving collection that have been on-going. Loans in this pool are not considered uncollectible but due to collection issues, a higher reserve percentage is applied due to the risk profile of this pool.
(3)	Doubtful — A Loan is considered doubtful when, based on current information and events, it is probable that the Trust will be unable to collect all amounts due in accordance with the contractual terms of the Loan agreement. Loans in this category are generally assigned a 100% reserve unless facts and circumstances provide evidence that some level of collectability exists. At November 30, 2010, there were no recorded investments in Loans that are considered to be doubtful.

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

2. Summary of Significant Accounting Policies (Continued)

(a) College and University Facility Loans (Continued)

As credit quality for an individual Loan changes, the Loan would be evaluated for reclassification to a different risk pool as described above. Risk ratings to the existing pools may be adjusted based on qualitative factors including, among others, general economic and business conditions, credit quality trends, and specific industry conditions.

There are inherent uncertainties with respect to the final outcome of Loans and as such, actual losses may differ from the amounts reflected in the financial statements and could be material.

(b) Interest Income

The Trust records interest on the Loans as earned. The Loans generally require interest payments on a semiannual basis with rates of interest ranging from 3% to 3.63%. The Trust recognizes purchase discount as interest income on the effective interest method.

The Trust’s policy is to generally discontinue the accrual of interest on Loans for which payment of principal or interest is 180 days or more past due or for other such Loans if management believes the collection of interest and principal is doubtful. Due to the nature of the loan investments in the Trust, there are instances where payment of the loans and related interest may not be received by the Trust due to documentation issues that require time for the Trust to resolve. In those circumstances, where the past due loan is greater than 180 days but the Trust has concluded it is not a credit issue, the accrual of interest or the accretion of interest discount may continue to be recorded as the Trust believes these amounts to be collectable. When a Loan is placed on nonaccrual status, all previously accrued, but uncollected interest is reversed against the current period’s interest income. Subsequently, interest income is generally recognized when received. Payments are generally applied to interest first, with the balance, if any, applied to principal. At November 30, 2010, no Loans have been placed on nonaccrual status.

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

2. Summary of Significant Accounting Policies (Continued)

(c) Other Investments

Other investments, which are included in investments in the accompanying statement of assets and liabilities, consist of two unsecured investment agreements issued by the Federal National Mortgage Association bearing fixed rates of interest of 5% and 8%. These investments are carried at amortized cost. These investment agreements terminate on the earlier of December 1, 2014 or the date on which the Bonds are paid-in-full. Please see Note 8 for discussion of fair value measurement of these investments.

ASC 820 requires that the investments be accounted for under the fair value method of accounting. However, management believes that the amortized cost method of accounting best serves the informational needs of the users of the Trust’s financial statements.

(d) Federal Income Taxes

It is the Trust’s policy to comply with the requirements applicable to a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended, and to distribute substantially all of its investment company taxable income to its certificateholders each year. Accordingly, no federal or state income tax provision is required.

For tax purposes, the Loans were transferred to the Trust at their face values. Accordingly, the accretion of the purchase discount creates a permanent book-tax difference.

As of November 30, 2010, the Trust had no uncertain tax positions that would require financial statement recognition, de-recognition, or disclosure.

The Trust’s federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

2. Summary of Significant Accounting Policies (Continued)

(e) Deferred Bond Issuance Costs

Deferred bond issuance costs are being amortized using the effective interest-rate method, assuming that all mandatory semiannual payments will be made on the Bonds as discussed in Note 3.

(f) Presentation of Capital Distributions

Capital distributions are accounted for in accordance with FASB ASC Topic 946 Investment Company, (“ASC 946”). ASC 946 requires the Trust to report distributions that are in excess of tax-basis earnings and profits as a tax return of capital and to present the capital accounts on a basis that approximates the amounts that are available for future distributions on a tax basis.

In accordance with ASC 946-505, the Trust reclassifies certain amounts from distributions in excess of tax earnings to paid-in-capital. The total reclassification is $88,165 as of November 30, 2010. This reclassification has no impact on the net investment income or net assets of the Trust.

The reclassifications are a result of permanent differences between GAAP and tax accounting for such items as net operating losses and the accretion of purchase discounts on the Loans. Additionally, the amount deducted for the allowance for loan losses is not currently deductible for tax purposes and creates a temporary deficit reflected as distributions in excess of tax earnings in the accompanying statement of assets and liabilities.

Distributions of $0.14 and $0.65 per certificate were declared on May 20, 2010 and November 20, 2010 and paid to certificateholders of record on June 2, 2010 and December 2, 2010, respectively.

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

2. Summary of Significant Accounting Policies (Continued)

(f) Presentation of Capital Distributions (Continued)

The tax character of distributions paid was a return of capital of $789,468.

As of November 30, 2010, the components of distributable earnings on a tax basis were related to distributions in excess of tax earnings of $454,000.

The distributions in excess of tax earnings consist of allowance for loan losses of $454,000 which will reverse in future years causing a reduction in taxable ordinary income.

(g) Use of Estimates

The preparation of financial statements in conformity with GAAP requires the Trust to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities at the date of the financial statements and for the period then ended. On an on-going basis, the Trust evaluates the estimates used, including those related to the allowance for loan losses. The Trust bases its estimates on historical experience, current conditions and various other assumptions that the Trust believes to be reasonable under the circumstances. These estimates form the basis for making judgments about the carrying values of assets and liabilities and are not readily apparent from other sources. These estimates are used to assist the Trust in the identification and assessment of the accounting treatment necessary with respect to commitments and contingencies. Actual results may differ from these estimates under different assumptions or conditions and differences could be material.

(h) Statement of Cash Flows

The cash amount shown in the Statement of Cash Flows of the Trust is the amount included in the Trust’s Statement of Assets and Liabilities and represents the cash on hand and does not include any short-term investments.

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

2. Summary of Significant Accounting Policies (Continued)

(i) Risk Factors

The Trust’s investments are subject to the following:

Market Risk

Market risk represents the potential loss that can be caused by a change in the fair value of the financial instrument.

Credit Risk

The Trust is subject to credit risk if the counterparties failed to perform pursuant to the terms of their agreements with the Trust.

The Trust’s investments are held in escrow by The Bank of New York Mellon, National Association, (the “Trustee”). The Trustee has custody of the Trust’s investments. The Trust is subject to counterparty risk to the extent that the Trustee may be unable to fulfill its obligations to the Trust.

Loan payments made to the Trust are received and processed by a third party servicer. The Trust is subject to counterparty risk to the extent that the servicer may be unable to fulfill its obligations to the Trust.

Prepayment Risk

Most of the Loans held by the Trust allow for prepayment of principal without penalty. As such, the Trust is subject to prepayment risk, which could negatively impact future earnings.

(j) Indemnification

Under the Trust’s organizational documents, its Trustees may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the Trust, and certificateholders’ are indemnified against personal liability for the obligations of the Trust. Additionally, in the normal course of business, the Trust may enter into agreements with service providers that may contain indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred.

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

2. Summary of Significant Accounting Policies (Continued)

(k) Recent Accounting Pronouncements

	In July 2010, the FASB issued Accounting Standards Update No. 2010-20 which amends Receivables (Topic 310) (“ASU No. 2010-20”). ASU No. 2010-20 is intended to provide additional information to assist financial statement users in assessing an entity’s risk exposures and evaluating the adequacy of its allowance for credit losses. The disclosures as of the end of a reporting period are effective for interim and annual reporting periods ending on or after December 15, 2010. The disclosures about activity that occurs during a reporting period are effective for interim and annual reporting periods beginning on or after December 15, 2010. The Trust does not expect the adoption of ASU No. 2010-20 to have a significant impact on its financial statements.
3.	Bonds
	The Bonds outstanding at November 30, 2010 consist of the following:

				Principal
	Interest		Stated	Amount
Type	Rate		Maturity	(000’s)
Term		10.55%	December 1, 2014		$9,689

The Bonds are being redeemed, in part, on a pro rata basis by application of mandatory semiannual payments. The redemption price is equal to 100% of the principal amount to be redeemed plus interest accrued to the redemption date. Interest on the Bonds is payable semiannually.

On December 1, 2010, the Trust made the mandatory redemption of $1,280,430 on the Bonds. The average amount of bond principal outstanding for the period ended November 30, 2010 was approximately $11,057,000.

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

3.	Bonds (Continued)
	The aggregate scheduled maturities of the Bonds, including the scheduled mandatory redemptions at November 30, 2010, are as follows:

	Amount
Fiscal Year	(000’s)
2011	$	2,662
2012		2,359
2013		2,121
2014		1,767
2015		780
Total	$	9,689

The Bonds are not subject to optional redemption by either the Trust or the bondholders.

In the event the Trust realizes negative cash flows, reserves have been established and maintained such that, on or before such bond payment date, such funds may be used by the Bond Trustee to make any required payments on the Bonds and to pay operating expenses of the Trust. See Note 8 for balances in the respective funds.

The cash flows from the December 1, 2010 bond payment date were sufficient to satisfy the maximum reserve fund requirement of $4,049,562, as required by the Indenture.

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

4. Administrative Agreements

(a) Servicer

As compensation for the services provided under the servicing agreement, Berkadia Commercial Mortgage LLC (“Servicer”), formerly Capmark Finance, Inc. receives a servicing fee. This fee is earned on each date of payment for each Loan and is equal to 0.055 of 1% of the outstanding principal balance of such Loan divided by the number of payments of principal and interest in a calendar year. For the year ended November 30 2010, this fee totaled $8,564. Additionally, per the servicing agreement, the Servicer shall be reimbursed for certain expenditures incurred related to inspection of mortgaged property. For the year ended November 30 2010, the Servicer was reimbursed approximately $1,545.

(b) Trustees

As compensation for services provided, the Owner and Bond Trustees are entitled under the Declaration of Trust and the Indenture to receive the following fees:

• The Owner Trustee, in its capacities as manager of the Trust and as Owner Trustee earned fees of $18,715 and $16,843, respectively, in accordance with the Declaration of Trust agreement, for the year ended November 30, 2010. In addition, the Owner Trustee incurred $1,893 of out-of-pocket expenses.

• The Bond Trustee is entitled to an annual fee equal to 0.025 of 1% of the aggregate outstanding principal of the Bonds on the bond payment date immediately preceding the date of payment of such fee. The Bond Trustee is also reimbursed for out-of-pocket expenses. In addition, the Bond Trustee is reimbursed for other agreed-upon related expenses such as transaction costs. For the year ended November 30, 2010, total Bond Trustee fees and related expenses amounted to $4,758.

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

5.	Certificates
	The holders of the Class B certificates may receive semi-annual distributions declared in May and November of each year, calculated in accordance with the Trust Indenture, from amounts collected by the Trust, on a pro rata basis. While the Bonds remain outstanding, the distributions are paid on the second business day in each June and December and, after the Bonds are paid in full, on the first business day of each month. The certificate holders of the Class B Certificates are entitled to one vote per certificate. At November 30, 2010, the distributions declared on November 20, 2010, of $648,000, which was paid on December 2, 2010, was recorded as distributions payable.
6.	Allowance for Loan Losses
	An analysis of the allowance for loan losses for the year ended November 30, 2010 is summarized as follows:

Balance, beginning of year	$	580,000
Decrease in provision for loan losses		(126,000	)
Charge-offs		—
Balance, end of year	$	454,000

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

7.	Loans
	Scheduled principal and interest payments on the Loans as of November 30, 2010 are as follows:

	Principal		Interest
	Payments		Payments		Total
Fiscal year	(000’s)		(000’s)		(000’s)
2011	$	2,673	$	573	$	3,246
2012		2,239		377		2,616
2013		1,905		312		2,217
2014		2,940		247		3,187
2015		1,458		160		1,618
Thereafter		4,276		313		4,589
Total	$	15,491	$	1,982	$	17,473

Expected payments may differ from contractual payments because borrowers may prepay or default on their obligations. Accordingly, actual principal and interest payments on the Loans may vary significantly from the scheduled payments.

The following analysis summarizes the stratification of the Loan portfolio by type of collateral and institution as of November 30, 2010.

			Amortized		% of
	Number		Cost		Amortized
Type of Collateral	of Loans		(000’s)		Cost
Loans secured by a first mortgage		25	$	7,668		68.2	%
Loans not secured by a first mortgage		14		3,582		31.8	%
Total Loans		39	$	11,250		100.0	%

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College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

7. Loans (Continued)

			Amortized		% of
	Number		Cost		Amortized
Type of Institution	of Loans		(000’s)		Cost
Public		13	$	4,409		39.2	%
Private		26		6,841		60.8	%
Total Loans		39	$	11,250		100.0	%

The ability of a borrower to meet future debt service payments on a Loan will depend on a number of factors relevant to the financial condition of such borrower, including, among others, the size and diversity of the borrower’s sources of revenues; enrollment trends; reputation; management expertise; the availability and restrictions on the use of endowments and other funds; the quality and maintenance costs of the borrower’s facilities and, in the case of some Loans to public institutions which are obligations of a state, the financial condition of the relevant state or other governmental entity and its policies with respect to education. The ability of a borrower to maintain enrollment levels will depend on such factors as tuition costs, geographical location, geographic diversity, quality of the student body, quality of the faculty and diversity of program offerings.

The collateral for Loans that are secured by a mortgage on real estate generally consists of special purpose facilities, such as dormitories, dining halls and gymnasiums, which are integral components of the overall educational setting. As a result, in the event of borrower default on a Loan, the Trust’s ability to realize the outstanding balance of the Loan through the sale of the underlying collateral may be negatively impacted by the special purpose nature and location of such collateral.

21

College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

8.	Fair Value of Financial Instruments
	ASC Topic 825, Financial Instruments (“ASC 825”) requires that entities disclose the estimated fair value for financial instruments, where they are accounted for on a basis other than Fair Value. ASC 825 allows for the use of a wide range of valuation techniques; therefore, it may be difficult to compare the Trust’s fair value information to independent markets or to other fair value information.
	Current market prices are not available for most of the Trust’s financial instruments since an active market generally does not exist for such instruments. In accordance with the terms of the Indenture, the Trust is required to hold all of the Loans to maturity and to use the cash flows therefrom to retire the Bonds. Accordingly, the Trust has estimated the fair values of its Loans and Bonds, using a discounted cash flow methodology. This methodology is similar to the approach used at the formation of the Trust to determine the carrying amounts of these instruments for financial reporting purposes. In applying the methodology, the calculations have been adjusted for the change in the relevant market rates of interest, the estimated duration of the instruments and an internally developed credit risk rating of the instruments. All calculations are based on the scheduled principal and interest payments on the Loans (excluding any potential prepayments as it is not possible to estimate such prepayments), and scheduled payments on the Bonds.
	The fair values of the long-term fixed-maturity investments are determined by adding a market rate adjustment to the carrying value of the investments. This market rate adjustment is calculated using the net present value of the difference between future interest income to the Trust at the issue rate and the future interest income at the current market rate through the maturity of the investment. The current market rate is based upon Fannie Mae bond rates at November 30, 2010, with similar maturity dates to the investment agreements.

22

College and University
Facility Loan Trust One

Notes to Financial Statements
Year Ended November 30, 2010

8.	Fair Value of Financial Instruments (Continued)
	The estimated fair value of the Trust’s financial instruments and the related book value presented in the accompanying statement of assets and liabilities as of November 30, 2010 is as follows:

	Amortized
	Cost			Fair Value
	(000’s)			(000’s)
Loans	$	10,796	*	$	15,202
Investment Agreements:
Revenue Fund		7,100			7,513
Liquidity Fund		2,600			3,520
	$	20,496		$	26,235
Bonds payable	$	9,689		$	11,722

* Net of allowance for loan losses of $454,000.

9.	Subsequent Events
	The Trust has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date of issuance of these financial statements. Except for the subsequent distributions disclosed in Notes 3 and 5, the evaluation did not result in any subsequent events that necessitated disclosures and/or adjustments to these financial statements.

23

COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE

SCHEDULE OF INVESTMENTS

November 30, 2010

(Dollar Amounts in Thousands)

								Internal
Outstanding			Stated					Rate of			Amortized
Principal			Interest			Maturity		Return % (A)			Cost $ (Notes
Balance		Description	Rate %			Date		(Unaudited)			1 and 2)
		COLLEGE AND UNIVERSITY LOANS (107%)
		—— ALABAMA —
$	1,036	University of Alabama		3.00	%		05/01/2021		12.27	%	$	680
	154	University of Montevallo		3.00			05/01/2023		12.30			94
		—— CALIFORNIA —
	353	Azusa Pacific University		3.00			04/01/2017		12.96			257
	140	Monterey Peninsula College		3.00			10/01/2018		11.95			97
	230	San Diego State University		3.00			11/01/2021		11.93			148
	470	San Francisco State University		3.00			11/01/2021		11.93			299
		—— INDIANA —
	60	Taylor University		3.00			10/01/2010		12.45			60	(D)
	840	University of Notre Dame		3.00			04/01/2018		12.95			590
		—— MARYLAND —
	530	Western Maryland College		3.00			11/01/2016		12.44			392
		—— MASSACHUSETTS —
	128	Atlantic Union College		3.00			11/01/2023		12.68			75
	541	Boston University		3.00			12/31/2022		11.87			333
		—— MICHIGAN —
	560	Albion College		3.00			10/01/2015		12.51			451
	1,843	Finlandia University		3.50			08/01/2014		12.70			1,165
		—— MINNESOTA —
	560	Augsburg College		3.00			04/01/2016		12.95			427
	260	College of St. Thomas		3.00			04/01/2017		12.95			190
		—— MISSISSIPPI —
	20	Mississippi Valley State		3.00			07/01/2008		11.89			20	(D)
		—— NEBRASKA —
	33	University of Nebraska		3.00			07/01/2013		10.59			29
		—— NEW HAMPSHIRE —
	86	New England College		3.63			10/01/2013		12.37			74
	515	New England College		3.00			04/01/2019		12.96			348
		—— NEW JERSEY —
	62	Fairleigh Dickinson University		3.00			11/01/2020		12.09			41
		—— NEW YORK —
	245	Long Island University		3.00			06/01/2016		12.34			180
	632	Sarah Lawrence College		3.00			11/01/2021		12.64			403
		—— NORTH CAROLINA —
	53	Montreat-Anderson College		3.00			12/01/2019		12.19			35
		—— OHIO —
	785	Case Western Reserve University		3.00			04/01/2016		10.54			636
	52	University of Steubenville		3.38			04/01/2012		12.88			47
	148	University of Steubenville		3.00			04/01/2017		12.96			108
		—— PENNSYLVANIA —
	267	Carnegie — Mellon University		3.00			11/01/2017		10.45			208
	245	Harcum Junior College		3.00			11/01/2015		12.44			189
	38	Swarthmore College		3.00			05/01/2014		12.30			32
	163	Temple University		3.38			11/01/2014		11.99			142
		—— RHODE ISLAND —
	176	Community College of Rhode Island		3.00			04/01/2018		12.10			128

The accompanying notes are an integral part of this schedule.

24

COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE

SCHEDULE OF INVESTMENTS

November 30, 2010

(Dollar Amounts in Thousands)

(continued)

										Internal
Outstanding				Stated						Rate of			Amortized
Principal				Interest			Maturity			Return % (A)			Cost $ (Notes
Balance			Description	Rate %			Date			(Unaudited)			1 and 2)
			—— SOUTH CAROLINA —
$	375		College of Charleston		3.00	%		07/01/2016			12.02	%	$	280
	228		Morris College		3.00			11/01/2013			12.42			191
			—— TEXAS —
	49		St. Edward’s University		3.63			04/01/2013			12.80			43
	178		Texas Tech University		3.63			03/01/2013			10.80			159
	805		Texas Tech University		3.50			03/01/2012			10.83			747
			—— VERMONT —
	478		Middlebury College		3.00			04/01/2018			12.87			337
	1,648		University of Vermont		3.00			10/01/2019			12.19			1,192
			—— VIRGINIA —
	505		Old Dominion University		3.00			06/01/2013			11.70			423
	15,491	(B)	TOTAL COLLEGE & UNIVERSITY LOANS											11,250
			Allowance for Loan Losses											454
			Net Loans of the Trust											10,796
			INVESTMENT AGREEMENTS (96%)
	2,600		FNMA #787 Liquidity Fund		8.00			12/01/2014	(C)		8.00			2,600
	7,100		FNMA #786 Revenue Fund		5.00			12/01/2014	(C)		5.00			7,100
	9,700		Total Investment Agreements											9,700
$	25,191		Total Investments (203%)											20,496
			OTHER ASSETS, LESS LIABILITIES (-103%)											(10,432	)
			NET ASSETS (100%)										$	10,064

(A)	Represents the rate of return based on the contributed cost and the amortization to maturity.
(B)	The tax basis in the Loans is approximately $15,491.
(C)	Will terminate at the earlier of December 1, 2014 or the date on which the Bonds are paid-in-full (Note 2).
(D)	The amortized cost on these loans are equal to the outstanding principal as the final loan payment is delinquent (Note 2).

The accompanying notes are an integral part of this schedule.

25

ITEM 2. CODE OF ETHICS

Not applicable to the registrant.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT

Not applicable to the registrant.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES

     (a) Audit Fees billed to the registrant for the two most recent fiscal years:

     Fiscal year ended 2010 — $110,500

     Fiscal year ended 2009 — $114,000

     (b) Audit-Related Fees billed to the registrant for the two most recent fiscal years:

     Fiscal year ended 2010 — $0

     Fiscal year ended 2009 — $0

     (c) Tax Fees billed to the registrant for the two most recent fiscal years:

     Fiscal year ended 2010 — $0

     Fiscal year ended 2009 — $0

     (d) All Other Fees billed to the registrant for the two most recent fiscal years:

     Fiscal year ended 2010 — $60,000

—$44,000 in connection with Accountants’ Report on Applying Agreed-Upon Procedures to comply with the requirements of section 4.8 of the Trust’s Indenture.

—$12,000 in connection with Accountants’ Report on Applying Agreed Upon Procedure relating to the Trust’s Servicing Agreement.

—$4,000 out of pocket expenses.

     Fiscal year ended 2009 — $62,400

—$44,000 in connection with Accountants’ Report on Applying Agreed-Upon Procedures to comply with the requirements of section 4.8 of the Trust’s Indenture.

—$12,000 in connection with Accountants’ Report on Applying Agreed Upon Procedure relating to the Trust’s Servicing Agreement.

—$6,400 out of pocket expenses.

(e)

(1) Audit Committee Policies regarding Pre-approval of Services. Not applicable to the registrant.

(2) Percentage of services identified in items 4(b) through 4(d) that were approved by the registrants audit committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X:

Not applicable to the registrant.

(f) Not applicable to the registrant.

(g) Not applicable to the registrant.

(h) Not applicable to the registrant.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS

Not applicable to the registrant.

ITEM 6. SCHEDULE OF INVESTMENTS

Schedule is included as part of the report to shareholders filed under Item 1.

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES

Not applicable to the registrant.

ITEM 8. PORTFOLIO MANAGER OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES

Not applicable to the registrant.

ITEM 9. PURCHASE OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS

Not applicable to the registrant.

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not applicable to the registrant.

ITEM 11. CONTROLS AND PROCEDURES

     (a) Not applicable to the registrant.

     (b) Not applicable to the registrant.

ITEM 12. EXHIBITS

The following exhibits are attached to this Form N-CSR:

(a)

(1) Code of ethics or amendments: not applicable to the registrant.

(2) Certification by the registrant’s Owner Trustee, as required by Rule 30a-2(a) under the Investment Company Act of 1940, is attached.

(3) Annual Compliance Statement of the Servicer, Capmark Finance Inc., is attached.

(4) Report on Compliance with minimum Master Servicing Standards is attached.

(5) Capmark reports pursuant to section 1301, 1302, 1303, 1304, 1306 and 1307 of the Servicer Agreement.

(b) Certification by the registrant’s Owner Trustee, as required by Rule 30a-2(b) under the Investment Company Act of 1940, is attached.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) College and University Facility Loan Trust One

By (Signature and Title) /s/ Brian True, Vice President

Date February 10, 2011

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title) /s/ Bryan Calder, Executive Vice President

Date February 10, 2011

EX-99.CERT

Exhibit 99.CERT

Certification

I, Bryan Calder of the owner trustee, certify that:

1. I have reviewed this report on Form N-CSR of College and University Facility Loan Trust One (the “Registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in the report, fairly present in all material respects the financial condition, results of operation, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in the report;

4. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in this report is included in this report;

5. Based on my knowledge and upon the annual compliance statement delivered to the trustee in accordance with the terms of the pooling and servicing, or similar, agreement, and except as disclosed in this report, the servicer has fulfilled its obligations under the servicing agreement; and

6. The report discloses all significant deficiencies relating to the servicer’s compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement.

In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: Berkadia Commercial Mortgage, LLC and The Bank of New York Mellon.

Date: February 10, 2011

/s/ Bryan Calder 

Bryan Calder 

Executive Vice President 

EX-99.906CERT

EX-99.906

CERTIFICATION PURSUANT TO SECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002

I, Bryan Calder, Executive Vice President of U.S. Bank National Association, the Owner Trustee of College and University Facility Loan Trust One (the “Registrant”), hereby certifies that:

1.	the Registrant’s report on Form N-CSR (the “Report”) for the period ended November 30, 2010 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date: February 10, 2011

By:	/s/ Bryan Calder
	Executive Vice President

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.

EX-99.3

Exhibit 99.3

Annual Statement as to Compliance
For the Year Ended December 31, 2009

United States Department of Education
College and University Facility Loan Trust One

Pursuant to Section 206 of the Servicing Agreement governing the referenced transaction, I hereby attest that:

i.

A review of the activities of Berkadia Commercial Mortgage as Master Servicer during the period under this Servicing Agreement has been made under my supervision, and, to the best of my knowledge, based on such review, Berkadia Commercial Mortgage as Master Servicer, has fulfilled in all material respects, all of its duties, responsibilities, or obligations under this Servicing Agreement throughout the period.

ii.

I confirm that Berkadia Commercial Mortgage as Master Servicer is in compliance with the requirements of Section 206.

Berkadia Commercial Mortgage
 

 

Mark E. McCool 

Executive Vice President
February 20, 2010 

Inv. 2 Lib. G

Berkadia Commercial Mortgage	118 Welsh Road
	Horsham, Pa 19044

Annual Statement as to Compliance
For the Year Ended December 31, 2009

United States Department of Education
College and University Facility Loan Trust One

Pursuant to Section 206 of the Servicing Agreement governing the referenced transaction, I hereby attest that:

i.	A review of the activities of Berkadia Commercial Mortgage as Special Servicer during the period, and of its performance under this Servicing Agreement, has been made under my supervision.
ii.	To the best of my knowledge, based on such review, Capmark Finance Inc. as Special Servicer, has fulfilled in all material respects its obligations under this Servicing Agreement throughout the period.

Berkadia Commercial Mortgage
 

 

Michael Carp 

Executive Vice President
February 20, 2010 

Inv. 002 Lib. G

Berkadia Commercial Mortgage	601 Montgomery St., Ste 1500
	San Francisco, CA 94111

EX-99.4

Exhibit 99.4

Berkadia Commercial Mortgage LLC
Report on Compliance with Minimum
Master Servicing Standards
As of and for the Year Ended December 31, 2009

Management’s Assertion Concerning Compliance
With Minimum Master Servicing Standards

February 26, 2010

As of and for the year ended December 31, 2009, Berkadia Commercial Mortgage LLC (“Berkadia”) the operations of which were previously part of Capmark Finance Inc. (“Capmark Finance”), has complied in all material respects, with the minimum master servicing standards set forth in the Master Servicing Policy (attached in Exhibit I) which were derived from the Mortgage Bankers Association of America’s Uniform Single Attestation Program for Mortgage Bankers. For the purposes of our assertion, our compliance with the Master Servicing Policy as of and for the year ended December 31, 2009 comprehends compliance of Berkadia as of December 31, 2009 and for the period from December 11, 2009 through December 31, 2009, and Capmark Finance Inc. for the period from January 1, 2009 through December 10, 2009. Collectively for those periods, Berkadia and Capmark Finance are referred to herein as “the Company.” A listing of transactions associated with master servicing responsibility is listed in Exhibit II.

As of December 31, 2009, Berkadia was covered by insurance policies providing for $100 million of fidelity bond insurance and $100 million of errors and omission insurance.

 

Joseph A. Funk 

Executive Vice President & Chief Financial Officer
Berkadia Commercial Mortgage LLC 

 

Richard Joe 

Executive Vice President
Berkadia Commercial Mortgage LLC 

Exhibit I

Berkadia Commercial Mortgage, LLC
Minimum Master Servicing Policy

I. CUSTODIAL BANK ACCOUNTS

1. Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall:

• Be mathematically accurate;

• Be prepared within thirty (30) calendar days after the cutoff date;

• Be reviewed and approved by someone other than the person who prepared the reconciliation; and

• Document explanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendar days of identification.

2.	Funds of the servicing entity shall be advanced as specified in the servicing agreement in cases where there is an overdraft in an investor’s or a mortgagor’s account.
3.	All cash for each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor or in an investment account in accordance with the applicable servicing agreement requirements.
4.	Tax and insurance escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan.

II. MORTGAGE PAYMENTS

1. Mortgage payments which are properly identified with the Company’s account number and which agree to the total amount of the scheduled payment due shall be deposited into the clearing bank accounts and related custodial bank accounts within two business days of receipt. Any mortgage payments which do not meet these parameters will be researched and deposited into the appropriate bank accounts within five business days of receipt.

Exhibit I

2. Mortgage payments made in accordance with the mortgagor’s loan documents shall be posted to the applicable mortgagor records within two business days of receipt.

III. DISBURSEMENTS

1.	Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel.
2.	Amounts remitted to investors per the servicer’s investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements.

IV. INVESTOR ACCOUNTING AND REPORTING

1. The servicing entity’s investor reports shall agree with, or reconcile to, investors records on a monthly basis as to the total unpaid principal balance and number of loans serviced by the servicing entity.

V. INSURANCE POLICIES

1. A fidelity bond and errors and omissions policy shall be in effect on the servicing entity in the amount of coverage represented to investors in management’s assertion.

VI. MONITORING OF SUBSERVICER COMPLIANCE

1.

Within 120 days of calendar year end or subservicer’s year end, the subservicer’s management assertions about compliance with minimum servicing standards, which were derived from the Mortgage Banker’s Association of America’s Uniform Single Attestation Program for Mortgage Bankers, and the Independent Auditors Report on management’s assertions shall be reviewed, and if material exceptions are found, appropriate corrective action will be taken.

2.

An annual certification from each subservicer stating that the subservicer is in compliance with its subservicing agreement shall be obtained for the previous calendar year.

Exhibit II

Berkadia Commercial Mortgage, LLC
Transactions Associated with Master Servicing
Responsibilities

ACMF I, SERIES 1997-C1
ANGLO IRISH BANK CORP PLC-2008
ASC, SERIES 1996-D3
ASC, SERIES 1997-D4
ATHERTON, SERIES 1997-1
ATHERTON, SERIES 1998-A
ATHERTON, SERIES 1999-A
BACM, SERIES 2001-1
BANK OF AMERICA, SERIES 2002-X1
BKB, SERIES 1997-C1
CALSTRS, SERIES 2002-C6
CAPCO, SERIES 1998-D7
CAPMARK VII, LTD
CDC, SERIES 2002-FX1
CGCMS, SERIES 2005-EMG
CGCMT, SERIES 2004-FL1
CHASE, SERIES 1997-1
CHASE, SERIES 1997-2
CHASE, SERIES 1998-2
CHASE, SERIES 2001-FL1
CHASE-FIRST UNION, SERIES 1999-1
CITICORP, SERIES 1999-1
COMM, SERIES 2001-J2
COMM, SERIES 2003-LNB1
COMM, SERIES 2004-LNB2
COMM, SERIES 2004-LNB4
COMM, SERIES 2005-C6
COMM, SERIES 2005-FL11
COMM, SERIES 2006-FL12
CSFB SERIES 2005-C1
CSFB, SERIES 1995-M1
CSFB, SERIES 1997-PS1
CSFB, SERIES 1998-PS2
CSFB, SERIES 1999-PS3
CSFB, SERIES 2000-C1

Exhibit II

Berkadia Commercial Mortgage, LLC
Transactions Associated with Master Servicing
Responsibilities

CSFB, SERIES 2000-PS4
CSFB, SERIES 2001-CF2
CSFB, SERIES 2001-SPG1
CSFB, SERIES 2005-C5
DLJ, SERIES 1996-CF1
DLJ, SERIES 1997-CF1
ED I
ED II
EMAC, SERIES 1998-1
EMAC, SERIES 1999-1
EMAC, SERIES 2000-1
FMAC, SERIES 1993-B
FMAC, SERIES 1994-A
FMAC, SERIES 1995-B
FMAC, SERIES 1996-B
FMAC, SERIES 1997-A
FMAC, SERIES 1997-B
FMAC, SERIES 1997-C
FMAC, SERIES 1998-A
FMAC, SERIES 1998-B
FMAC, SERIES 1998-C
FMAC, SERIES 1998-D
FMAC, SERIES 2000-A
FMHA
FOREST CITY, SERIES 1994-1
FREEHOLD RACEWAY MALL, SERIES 2001-FRM
G3 STRATEGIC INV. LP, SERIES 2002-WL1
GCCF, SERIES 2005-GG3
GE CMC, SERIES 2004-C1
GFCM, SERIES 2003-1
GMACCM, SERIES 1997-C1
GMACCM, SERIES 1997-C2
GMACCM, SERIES 1998-C1
GMACCM, SERIES 1998-C2

Exhibit II

Berkadia Commercial Mortgage, LLC
Transactions Associated with Master Servicing
Responsibilities

GMACCM, SERIES 1999-C1
GMACCM, SERIES 1999-C2
GMACCM, SERIES 1999-C3
GMACCM, SERIES 1999-CTL1
GMACCM, SERIES 2000-C1
GMACCM, SERIES 2000-C2
GMACCM, SERIES 2000-C3
GMACCM, SERIES 2001-C1
GMACCM, SERIES 2001-C2
GMACCM, SERIES 2002-C1
GMACCM, SERIES 2002-C2
GMACCM, SERIES 2002-C3
GMACCM, SERIES 2003-C1
GMACCM, SERIES 2003-C2
GMACCM, SERIES 2003-C3
GMACCM, SERIES 2004-C1
GMACCM, SERIES 2004-C2
GMACCM, SERIES 2004-C3
GMACCM, SERIES 2005-C1
G-MAX, SERIES 2002-FX-1
GREENWICH, SERIES 2004-GG1
GSMC II, SERIES 2005-GG4
GSMSC II, SERIES 1997-GLI
GSMSC II, SERIES 1998-C1
GSMSC II, SERIES 1998-GLII
GSMSC II, SERIES 1999-C1
GSMSC II, SERIES 2001-1285
GSMSC II, SERIES 2001-GL3
GSMSC II, SERIES 2001-ROCK
GSMSC II, SERIES 2003-C1
GSMSC II, SERIES 2004-C1
HUD
JP MORGAN, SERIES 2002-C3
JP MORGAN, SERIES 2005-LDP5
JPMC SERIES 2004-CICBC10

Exhibit II

Berkadia Commercial Mortgage, LLC
Transactions Associated with Master Servicing
Responsibilities

JPMC, SERIES 2001-A
JPMC, SERIES 2001-CIBC1
JPMC, SERIES 2004-C1
JPMC, SERIES 2004-C2
JPMC, SERIES 2004-CIBC8
JPMC, SERIES 2004-CIBC9
JPMC, SERIES 2004-LN2
JPMC, SERIES 2005-CIBC11
JPMC, SERIES 2005-CIBC12
JPMC, SERIES 2005-LDP3
JPMC, SERIES 2005-LDP4
JPMC, SERIES 2007-FL1
JPMCC, SERIES 2006-FL2
LASALLE, SERIES 2005-MF1
LASALLE, SERIES 2006 MF2
LASALLE, SERIES 2006-MF3
LEHMAN, SERIES 1995-C2
LEHMAN, SERIES 1996-C2
LEHMAN, SERIES 1998-C1
LLL, SERIES 1997-LL1
MCF, SERIES 1996-MC1
MCF, SERIES 1998-MC1
MCF, SERIES 1998-MC3
MERRILL SERIES 1996-C1
MERRILL, SERIES 1997-C1
MERRILL, SERIES 1998-C1-CTL
MLMT, SERIES 2005-LC1
MORGAN, SERIES 1997-C1

Exhibit II

Berkadia Commercial Mortgage, LLC
Transactions Associated with Master Servicing
Responsibilities

MORGAN, SERIES 1998-CF1

MORGAN, SERIES 1998-HF1

MORGAN, SERIES 1998-HF2

MORGAN, SERIES 1999-RM1

MORGAN, SERIES 2002-HQ

MSCI, SERIES 2003-IQ5

MSCI, SERIES 2007-IQ13

MSDW CAPITAL I TRUST, SERIES 2002-IQ3

MSDW, SERIES 1997-HF1

MSDW, SERIES 1999-FNV1

MSDW, SERIES 2001-IQ

MSDW, SERIES 2001-PPM

MSDW, SERIES 2002-IQ2

MSDW, SERIES 2002-WM

MSDW, SERIES 2003-IQ4

MSDW, SERIES 2005-IQ10

NATIONS LINK, SERIES 1996-1

NOMURA MEGADEAL, SERIES 1995-MD IV

NOMURA MEGADEAL, SERIES 1996-MD V

NOMURA, SERIES 1996-MDVI

NOMURA, SERIES 1998-D6

PRUDENTIAL SEC CREDIT CORP.

SALOMON, SERIES 1999-C1

SALOMON, SERIES 2000-C1

SOVEREIGN, SERIES 2007-C1

TW HOTEL FUNDING, SERIES 2005-LUX

UBS, SERIES 2007-FL1

U-HAUL, SERIES 1993-1

USGI, INC

Berkadia Commercial Mortgage LLC
Report on Compliance with Minimum
Special Servicing Standards
As of and for the Year Ended December 31, 2009

Management’s Assertion Concerning Compliance
With Minimum Special Servicing Standards

February 26, 2010

As of and for the year ended December 31, 2009, Berkadia Commercial Mortgage LLC (“Berkadia”) the operations of which were previously part of Capmark Finance Inc. (“Capmark Finance”), has complied in all material respects, with the minimum special servicing standards set forth in the Special Servicing Policy (attached in Exhibit I) which were derived from the Mortgage Bankers Association of America’s Uniform Single Attestation Program for Mortgage Bankers. For the purposes of our assertion, our compliance with the Special Servicing Policy as of and for the year ended December 31, 2009 comprehends compliance of Berkadia as of December 31, 2009 and for the period from December 11, 2009 through December 31, 2009, and Capmark Finance Inc. for the period from January 1, 2009 through December 10, 2009. Collectively for those periods, Berkadia and Capmark Finance are referred to herein as “the Company.” A listing of transactions associated with special servicing responsibility is listed in Exhibit II.

As of December 31, 2009, Berkadia was covered by insurance policies providing for $100 million of fidelity bond insurance and $100 million of errors and omission insurance.

Joseph A. Funk
Executive Vice President & Chief Financial Officer
Berkadia Commercial Mortgage LLC

Michael Carp
Executive Vice President
Berkadia Commercial Mortgage LLC

Exhibit I

Berkadia Commercial Mortgage LLC
Special Servicing Policy

I. Recordkeeping

Records documenting the status of the loan shall be maintained during the period the loan is assigned to the special servicer. Such records shall describe the entity’s activities in monitoring the current status of the loan and are updated to reflect a change in status to be communicated to the investor.

II. Insurance

A fidelity bond and errors and omission policy shall be in effect on the servicing entity in the amount of coverage represented to investors.

Exhibit II

Berkadia Commercial Mortgage LLC
Transactions Associated with Special Servicing
Responsibilities

Amresco Commercial Mortgage Funding I Corp, Series 1997-C1
Anglo Irish Bank PLC 2008
Artesia Mortgage CMBS, Series 1998-C1
Asset Securitization Corporation Series, 1996-MD6
Atherton Franchise 1998-A
Bank Of America Commercial Mortgage, Series 2000-1
Bank Of America Structured Securities, Series 2002-X1
Bear Stearns Commercial Mortgage Securities Inc., Series 1998-C1
Bear Stearns Commercial Mortgage Securities Inc., Series 1999-WF2
Bear Stearns Commercial Mortgage Securities Inc., Series 2000-WF1
Bear Stearns Commercial Mortgage Securities Inc., Series 2000-WF2
Bear Stearns Commercial Mortgage Securities Inc., Series 2001-Top2
Bear Stearns Commercial Mortgage Securities Inc., Series 2001-Top4
Bear Stearns Commercial Mortgage Securities Inc., Series 2002-Top6
Bear Stearns Commercial Mortgage Securities Inc., Series 2003-PWR2
Capmark VI LTD
Capmark VII LTD
CDC Commercial Mortgage Trust, Series 2002-FX1
Chase Commercial Mortgage Securities Corp., Series 2000-2
Chase Commercial Mortgage Securities Corp, Series 1997-1
Chase Commercial Mortgage Securities Corp., Series 1998-2
Citigroup Commercial Mortgage Securities Inc., Series 2004-FL1
Citigroup Commercial Mortgage Securities Inc., Series 2005-EMG
Column Canada Issuer Corp., Series 2002-CCL1
COMM Commercial Mortgage, Series COMM 2005-C6
Commercial Capital Access One (DYNEX), Series 2
Commercial Capital Access One (DYNEX), Series 3
Commercial Mortgage Origination Company of Canada , Solar 2002-1
Commercial Mortgage Origination Company of Canada , Solar Solar 2004-CF2
Credit Suisse Commercial Mortgage Trust, Series 2006-C1
Credit Suisse First Boston Mortgage Securities Corp., 1997-PS1
Credit Suisse First Boston Mortgage Securities Corp., Series 1999-PS3
Credit Suisse First Boston Mortgage Securities Corp., Series 2001-SPG1
Credit Suisse First Boston Mortgage Securities Corp., Series 1998-PS2
Credit Suisse First Boston Mortgage Securities Corp., Series 2000-PS4
Credit Suisse First Boston Mortgage Securities Corp., Series 2001-CF2
Credit Suisse First Boston Mortgage Securities Corp., Series 2002-CP5
Credit Suisse First Boston Mortgage Securities Corp., Series 2007-C5
Crest G-Star 2001-1 CDO (GIA 2001-A)
Deutsche Mortgage & Asset Receiving Corp., Series COMM 2001-J2
Dillon Reed 1993-K1
Dillon Reed 1994-K1
Dillon Reed 1994-K2

Exhibit II

Berkadia Commercial Mortgage LLC
Transactions Associated with Special Servicing
Responsibilities

DLJ Commercial Mortgage Corp. Series 1998-CF1
DLJ Commercial Mortgage Corp. Series 1999-CG3
Forest City 1994-1
G3 Strategic Investments, LP Series 2002-WL1
GE Capital Commercial Mortgage Corp., Series 2000-1
GE Capital Commercial Mortgage Corp., Series 2003-C1
GFCM, Commercial Mortgage, Series 2003-1
GMAC Commercial Holding Capital Markets, Corp., Series GMAC 2002-FX1
GMAC Commercial Mortgage Securities, Series 1997-C1
GMAC Commercial Mortgage Securities, Series 1997-C2
GMAC Commercial Mortgage Securities, Series 1998-C1
GMAC Commercial Mortgage Securities, Series 1998-C2
GMAC Commercial Mortgage Securities, Series 1999-C1
GMAC Commercial Mortgage Securities, Series 1999-C2
GMAC Commercial Mortgage Securities, Series 1999-C3
GMAC Commercial Mortgage Securities, Series 1999-CTL1
GMAC Commercial Mortgage Securities, Series 2000-C1
GMAC Commercial Mortgage Securities, Series 2000-C2
GMAC Commercial Mortgage Securities, Series 2000-C3
GMAC Commercial Mortgage Securities, Series 2001-C1
GMAC Commercial Mortgage Securities, Series 2001-C2
GMAC Commercial Mortgage Securities, Series 2002-C1
GMAC Commercial Mortgage Securities, Series 2002-C3
GMAC Commercial Mortgage Securities, Series 2003-C1
Greenwich Capital Commercial Funding Corp. Series GCCFC 2003-C1
Goldman Sachs Mortgage Securities Corp. II, Series 1997-GL1
Goldman Sachs Securities Corp. II, Series 1998-C1
Goldman Sachs Mortgage Securities Corp. II, Series 1998-GL2
Goldman Sachs Mortgage Securities Corp. II, Series 2001-1285
Goldman Sachs Mortgage Securities Corp. II, Series 2001-GL III
Goldman Sachs Mortgage Securities Corp. II, Series 2001-Rock
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2007
JP Morgan Chase Commercial Mortgage Securities Corp., Series 2001-A
JP Morgan Commercial Mortgage Finance Corp., Series 1997-C5
LaSalle Commercial Mortgage Securities, Series 2005-MF1
LB Commercial Mortgage Trust, Series 1998-C1
LB Commercial Mortgage Trust, Series 1999-C1
LB/UBS (SASCO) 2001-C7
LB/UBS Commercial Mortgage Trust, Series 2003-C3
Lehman Brothers LLI (SASCO 1997-LL1), Series 1997-LL1
Merrill Lynch Financial Assets, Series 2001-Canada 5
Merrill Lynch Financial Assets, Series 2002-Canada 7
Merrill Lynch Financial Assets, Series 2002-Canada 8
Merrill Lynch Financial Assets, Series 2003-Canada 10

Exhibit II

Berkadia Commercial Mortgage LLC
Transactions Associated with Special Servicing
Responsibilities

Merrill Lynch Financial Assets, Series 2003-Canada 11
Merrill Lynch Financial Assets, Series 2003-Canada 9
Merrill Lynch Mortgage Investor, Series 1998-C2
Merrill Lynch Mortgage Loans, Inc. Series 2000 Canada-3
Merrill Lynch Mortgage Loans, Series 1998-C1-CTL
Merrill Lynch Mortgage Loans, Series 2000-Canada 4
Merrill Lynch Mortgage Trust Commercial Mortgage, Series 2002 MW1
Mezzanine Cap Commercial Mortgage Trust 2005-C3
Morgan Stanley Capital I Inc., Series 2004-HQ3
Morgan Stanley Capital I, Series 1997-C1
Morgan Stanley Capital I, Series 1997-HFI
Morgan Stanley Capital I, Series 1998-HF2
Morgan Stanley Capital I, Series 1999-WF1
Morgan Stanley Capital I, Series 2002-HQ
Morgan Stanley Dean Witter Capital I Trust, Series 2002-IQ2
Morgan Stanley Dean Witter Capital I, Series 2000-Life2
Morgan Stanley Dean Witter Capital I, Series 2001-IQ
Morgan Stanley Dean Witter Capital I, Series 2001-Top1
Morgan Stanley Dean Witter Capital I, Series 2001-Top3
Morgan Stanley Dean Witter Capital I, Series 2001-Top5
Morgan Stanley Dean Witter Capital I, Series 2002-Top7
Mortgage Capital Access One, Series-1993
Mortgage Capital Funding, Series 1996-MC1
MSDW (Freehold Raceway Mall Trust), Series 2001-FRM
NationsBank Mortgage Capital Corp, 1995-M2
Nations Link Funding Corp., Series 1996-1
Nomura Asset Securities Corp., 1996-MD V
Nomura Asset Securities Corp., 1997-D4
Oregon Commercial Mortgage (OSEC), Series 1995-1
Penn Mutual, Series 1996-PML
PNC Mortgage Acceptance Corp., Series 2000-C1
Public Facility Loan Trust, August 1988
Real Estate Asset Liquidity Trust, 2004-1
Real Estate Asset Liquidity Trust, 2006-1
Salomon Brothers Mortgage Securities VII, Series 1999-C1
Salomon Brothers Mortgage Securities VII, Series 2000-C1
Sovereign Commercial Mortgage Securities Trust 2007-C1
TW Hotel Funding Series 2005-LUX
U.S. Dept. of Agriculture Farmers Home Admin. Commercial Program Loan Trust 1987 A
U.S. Dept. of Education College and University Facility Loan Trust One
U.S. Dept. of Education College and University Facility Loan Trust Two
UBS Commercial Securities Trust 2007-FL1
U-Haul 1993-1
WP Carey Commercial Mortgage Trust, Series 2002-1

EX-99.5

Exhibit 99.5

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of December 01, 2009 through December 31, 2009

Collections:
Principal Payments	36,613.67
Interest Payments	30,080.96
Total Principal and Interest Collections	66,694.63
Payments and Reversals Posted to Suspense	—
Total Collections	66,694.63
Less: Servicing Fees (not withheld from remittances)	(807.89	)
Net Collections	65,886.74

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of December 01, 2009 through December 31, 2009

Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
	12302009		20002401	BOSTON UNIVER		17,478.53		8,648.39		26,126.92		576,559.24		158.55
	12012009		20010801	LONG ISLAND U		0.00		4,200.00		4,200.00		284,799.98		78.32
	12012009		20013001	MONTREAT-ANDE		2,600.00		921.00		3,521.00		61,400.00		16.89
	12012009		20014401	DOMNION UNIV.		0.00		9,975.00		9,975.00		664,999.99		182.87
	12072009		20018701	SUOMI COLLEGE		8,386.84		5,688.68		14,075.52		1,950,403.81		89.39
				TOTALS:		28,465.37		29,433.07		57,898.44		3,538,163.02		526.02
	9-01-2009		20019504	TEXAS TECH UN		0.00		20,756.25		20,756.25		1,230,000.00		281.87
														807.89
	7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
	4012009		20022701	UNIV OF VERMO		67,000.00		25,725.00		92,725.00		1,715,000.00		471.63
	10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of December 01, 2009 through December 31, 2009

Loan	Payoff	Total		Principal		Interest
Number	Date	Amount Paid		Amount		Amount		Other Fees		Maturity Date
none to report
	TOTAL:		—		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of December 01, 2009 through December 31, 2009

		Total
		Amount		Principal		Interest
Loan Number	Payoff Date	Paid		Amount		Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of December 31, 2009

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20000101	ALBION COLLEGE		3		560,000.00		10012015
	20000902	ANDERSON COLLEGE		3		25,000.00		3012010
	20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		640,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY—1967#95-403850		3		398,000.00		4012017
	20002401	BOSTON UNIVERITY		3		559,080.71		12312022
	20002501	WILLIAM JENNINGS BRYAN COLLEGE		3		11,000.00		2012010
	20002801	CARNEGIE MELLON UNIVERSITY		3		302,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		905,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		295,000.00		4012017
	20004401	R.I. JR. COLLEGE		3		196,000.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		67,311.12		11012020
	20008301	HARCUM COLLEGE		3		290,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		284,799.98		6012016
	20012101	MIDDLEBURY COLLEGE		3		550,000.00		4012018
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		58,800.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		565,000.00		4012019
	20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		681,987.75		11012021
	20018001	ST.EDWARDS UNIVERSITY		3.625		65,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,942,016.97		8062014
	20018901	SWARTHMORE COLLEGE		3		48,205.36		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		233,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		1,230,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,116,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		164,000.00		5012023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		44,000.00		1012013
	20021603	UNIVERSITY OF NORTH CAROLINA		3		735,000.00		1012018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		930,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		76,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		166,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
	20023501	McDANIEL COLLEGE		3		610,000.00		11012016
						18,259,396.27

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of December 31, 2009

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
	20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
	20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
	20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
	20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
	20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
	20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
	20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
	20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
	20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
	20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
	20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
	20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
	20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
	20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
	20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
	20023102	VANDERBILT UNIV — 1979 MAYFIELD		3.00		263,557.48		6-30-2009
	20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
	20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
	20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
		Totals:				48,584,305.25

Page 9 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of December 31, 2009

Loan Number		Borrower Name	Next Payment Due		P and I Due		Current UPB
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		20,899.99		19,999.99
	20022701	UNIV OF VERMONT		20090401		185,445.00		1,715,000.00
	20010801	LONG ISLAND U		20090601		6,194.23		284,799.98
TOTAL						212,539.22		2,019,799.97

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of December 31, 2009

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of January 01, 2010 through January 31, 2010

Collections:
Principal Payments	88,222.50
Interest Payments	24,048.02
Total Principal and Interest Collections	112,270.52
Payments and Reversals Posted to Suspense	—
Total Collections	112,270.52
Less: Servicing Fees (not withheld from remittances)	(422.59	)
Net Collections	111,847.93

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of January 01, 2010 through January 31, 2010

										Principal		Service
Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Fees
1012010		20003901	COLL. OF CHAR		0.00		6,510.00		6,510.00		434,000.00		119.35
1072010		20018701	SUOMI COLLEGE		8,222.50		5,853.02		14,075.52		1,942,016.97		89.01
1012010		20021401	U OF NEBRASKA		5,000.00		660.00		5,660.00		44,000.00		12.10
1012010		20021603	NORTH CAROLIN		75,000.00		11,025.00		86,025.00		735,000.00		202.13
1012010		20012401	MISSISSIPPI V		0.00		300.00		300.00		0.00		—
			TOTALS:		88,222.50		24,348.02		112,570.52		3,155,016.97		422.59
													422.59
7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
4012009		20022701	UNIV OF VERMO		67,000.00		25,725.00		92,725.00		1,715,000.00		471.63
10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of January 01, 2010 through January 31, 2010

Loan	Payoff	Total		Principal		Interest
Number	Date	Amount Paid		Amount		Amount		Other Fees		Maturity Date
none to report
	TOTAL:		—		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of January 01, 2010 through January 31, 2010

		Total
		Amount		Principal		Interest
Loan Number	Payoff Date	Paid		Amount		Amount
none to report
	TOTAL:		—		—		—

Page 5 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of January 31, 2009

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20000101	ALBION COLLEGE		3		560,000.00		10012015
20000902	ANDERSON COLLEGE		3		25,000.00		3012010
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		640,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		398,000.00		4012017
20002401	BOSTON UNIVERITY		3		559,080.71		12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE		3		11,000.00		2012010
20002801	CARNEGIE MELLON UNIVERSITY		3		302,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		905,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		295,000.00		4012017
20004401	R.I. JR. COLLEGE		3		196,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		67,311.12		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		284,799.98		6012016
20012101	MIDDLEBURY COLLEGE		3		550,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		58,800.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		565,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		681,987.75		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		65,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,933,794.47		8062014
20018901	SWARTHMORE COLLEGE		3		48,205.36		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		233,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		1,230,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,116,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		164,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		39,000.00		1012013
20021603	UNIVERSITY OF NORTH CAROLINA		3		660,000.00		1012018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		930,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		76,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		166,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
					18,171,173.77

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of January 31, 2009

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE		3.00		85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY		3.00		285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY		3.38		298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE		3.00		70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV — 1979 MAYFIELD		3.00		263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00	10-01-2017
	Totals:				48,407,860.25

Page 9 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of January 31, 2009

		Next Payment
Loan Number	Borrower Name	Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,199.99		19,999.99
20022701	UNIV OF VERMONT		20090401		185,445.00		1,715,000.00
20010801	LONG ISLAND U		20090601		6,194.23		284,799.98
TOTAL					212,839.22		2,019,799.97

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of January 31, 2009

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of February 01, 2010 through February 28, 2010

Collections:
Principal Payments	19,247.28
Interest Payments	5,993.24
Total Principal and Interest Collections	25,240.52
Payments and Reversals Posted to Suspense	—
Total Collections	25,240.52
Less: Servicing Fees (not withheld from remittances)	(91.66	)
Net Collections	25,148.86

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of February 01, 2010 through February 28, 2010

										Principal		Service
Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Fees
2012010		20002501	BRYAN COLLEGE		11,000.00		165.00		11,165.00		11,000.00		3.03
2072010		20018701	SUOMI COLLEGE		8,247.28		5,828.24		14,075.52		1,933,794.47		88.63
			TOTALS:		19,247.28		5,993.24		25,240.52		1,944,794.47		91.66
													91.66
7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
4012009		20022701	UNIV OF VERMO		67,000.00		25,725.00		92,725.00		1,715,000.00		471.63
10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of February 01, 2010 through February 28, 2010

Loan	Payoff		Total		Principal		Interest
Number	Date		Amount Paid		Amount		Amount		Other Fees		Maturity Date
20002501		2/1/2010		11,165.00		11,000.00		165.00		—		2012010
	TOTAL:			11,165.00		11,000.00		165.00		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of February 01, 2010 through February 28, 2010

		Total
		Amount		Principal		Interest
Loan Number	Payoff Date	Paid		Amount		Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of February 28, 2009

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20000101	ALBION COLLEGE		3		560,000.00		10012015
20000902	ANDERSON COLLEGE		3		25,000.00		3012010
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		640,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY — 1967#95-403850		3		398,000.00		4012017
20002401	BOSTON UNIVERITY		3		559,080.71		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		302,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		905,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		295,000.00		4012017
20004401	R.I. JR. COLLEGE		3		196,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		67,311.12		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		284,799.98		6012016
20012101	MIDDLEBURY COLLEGE		3		550,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		58,800.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		565,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		681,987.75		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		65,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,925,547.19		8062014
20018901	SWARTHMORE COLLEGE		3		48,205.36		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		233,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		1,230,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,116,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		164,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		39,000.00		1012013
20021603	UNIVERSITY OF NORTH CAROLINA		3		660,000.00		1012018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		930,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		76,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		166,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
					18,151,926.49

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of February 28, 2009

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
20023102	VANDERBILT UNIV — 1979 MAYFIELD		3.00		263,557.48		6-30-2009
20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
	Totals:				48,369,365.69

Page 9 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of February 28, 2009

		Next Payment
Loan Number	Borrower Name	Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,199.99		19,999.99
20022701	UNIV OF VERMONT		20090401		185,445.00		1,715,000.00
20010801	LONG ISLAND U		20090601		6,194.23		284,799.98
TOTAL					212,839.22		2,019,799.97

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of February 28, 2009

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of March 01, 2010 through March 31, 2010

Collections:
Principal Payments	513,833.75
Interest Payments	32,921.15
Total Principal and Interest Collections	546,754.90
Payments and Reversals Posted to Suspense	—
Total Collections	546,754.90
Less: Servicing Fees (not withheld from remittances)	(497.46	)
Net Collections	546,257.44

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of March 01, 2010 through March 31, 2010

Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
	3012010		20000902	ANDERSON COLL		25,000.00		375.00		25,375.00		25,000.00		6.88
	3072010		20018701	SUOMI COLLEGE		8,833.75		5,241.77		14,075.52		1,925,547.19		88.25
	3012010		20019502	TEXAS TECH UN		55,000.00		4,223.13		59,223.13		233,000.00		64.08
	3012010		20019504	TEXAS TECH UN		425,000.00		20,756.25		445,756.25		1,230,000.00		338.25
				TOTALS:		513,833.75		30,596.15		544,429.90		3,413,547.19		497.46
														497.46
	7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
	4012009		20022701	UNIV OF VERMO		67,000.00		25,725.00		92,725.00		1,715,000.00		471.63
	10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of March 01, 2010 through March 31, 2010

Loan Number		Payoff Date	Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
	20000902	3/2/2010		25,375.00		25,000.00		375.00		—		3012010
		TOTAL:		25,375.00		25,000.00		375.00		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of March 01, 2010 through March 31, 2010

Loan Number	Payoff Date	Total Amount Paid		Principal Amount		Interest Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of March 31, 2009

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20000101	ALBION COLLEGE		3		560,000.00		10012015
	20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		640,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		398,000.00		4012017
	20002401	BOSTON UNIVERITY		3		559,080.71		12312022
	20002801	CARNEGIE MELLON UNIVERSITY		3		302,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		905,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		295,000.00		4012017
	20004401	R.I. JR. COLLEGE		3		196,000.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		67,311.12		11012020
	20008301	HARCUM COLLEGE		3		290,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		284,799.98		6012016
	20012101	MIDDLEBURY COLLEGE		3		550,000.00		4012018
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		58,800.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		565,000.00		4012019
	20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		681,987.75		11012021
	20018001	ST.EDWARDS UNIVERSITY		3.625		65,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,916,713.44		8062014
	20018901	SWARTHMORE COLLEGE		3		48,205.36		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,116,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		164,000.00		5012023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		39,000.00		1012013
	20021603	UNIVERSITY OF NORTH CAROLINA		3		660,000.00		1012018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		930,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		76,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		166,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
	20023501	McDANIEL COLLEGE		3		610,000.00		11012016
						17,638,092.74

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of March 31, 2009

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
	20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
	20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
	20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
	20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
	20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
	20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
	20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
	20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
	20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
	20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
	20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
	20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
	20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
	20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
	20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
	20023102	VANDERBILT UNIV — 1979 MAYFIELD		3.00		263,557.48		6-30-2009
	20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
	20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
	20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
		Totals:				47,341,698.19

Page 9 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of March 31, 2009

Loan Number		Borrower Name	Next Payment Due		P and I Due		Current UPB
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,199.99		19,999.99
	20022701	UNIV OF VERMONT		20090401		185,445.00		1,715,000.00
	20010801	LONG ISLAND U		20090601		6,194.23		284,799.98
TOTAL						212,839.22		2,019,799.97

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of March 31, 2009

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of April 01, 2010 through April 30, 2010

Collections:
Principal Payments	467,648.67
Interest Payments	102,460.97
Total Principal and Interest Collections	570,109.64
Payments and Reversals Posted to Suspense	—
Total Collections	570,109.64
Less: Servicing Fees (not withheld from remittances)	(1,681.69	)
Net Collections	568,427.95

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of April 01, 2010 through April 30, 2010

Date	Loan		Borrower							Principal		Service
Due	Number		Name	Principal Due		Interest Due		Total Due		Balance		Fees
4012010		20000101	ALBION COLLEG		0.00		8,400.00		8,400.00		560,000.00		154.00
4012010		20001301	AUGSBERG COLL		80,000.00		9,600.00		89,600.00		640,000.00		176.00
4012010		20001401	AZUSA UNIVERS		45,000.00		5,970.00		50,970.00		398,000.00		109.45
4012010		20003001	CASE WESTERN		120,000.00		13,575.00		133,575.00		1,021,700.00		280.97
4012010		20004001	COLL.OF ST. T		35,000.00		4,425.00		39,425.00		295,000.00		81.13
4012010		20004401	R.I. JR. COLL		10,000.00		2,940.00		12,940.00		196,000.00		53.90
4012010		20012101	MIDDLEBURY CO		45,000.00		8,250.00		53,250.00		550,000.00		151.25
4012010		20012901	MONTEREY JR C		0.00		2,325.00		2,325.00		155,000.00		42.63
4012010		20013501	NEW ENGLAND C		0.00		2,138.75		2,138.75		117,999.99		32.45
4012010		20013502	NEW ENGLAND C		50,000.00		8,475.00		58,475.00		565,000.00		155.38
4012010		20018001	ST.EDWARDS		16,000.00		1,178.13		17,178.13		65,000.00		17.88
4072010		20018701	SUOMI COLLEGE		8,298.76		5,776.76		14,075.52		1,916,713.44		87.85
4012010		20019101	TAYLOR UNIV.		0.00		900.00		900.00		60,000.00		16.50
4012010		20021701	UNIV. OF NOTR		90,000.00		13,950.00		103,950.00		930,000.00		255.75
4012010		20022601	UNIV.OF STEUB		24,000.00		1,282.50		25,282.50		76,000.00		20.90
4012010		20022602	UNIV.OF STEUB		18,000.00		2,490.00		20,490.00		166,000.00		45.65
4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		434.50
			TOTALS:		609,298.76		115,376.14		724,674.90		9,292,413.43		2,116.19
4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		(434.50	)
													1,681.69
7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
4012009		20022701	UNIV OF VERMO		67,000.00		25,725.00		92,725.00		1,715,000.00		471.63
10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of April 01, 2010 through April 30, 2010

		Total
Loan	Payoff	Amount		Principal		Interest
Number	Date	Paid		Amount		Amount		Other Fees		Maturity Date
none to report
	TOTAL:		—		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of April 01, 2010 through April 30, 2010

		Total
		Amount		Principal		Interest
Loan Number	Payoff Date	Paid		Amount		Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of April 30, 2009

Loan		Interest		Current		Maturity
Number	Borrower Name	Rate		UPB		Date
20000101	ALBION COLLEGE		3		560,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		559,080.71		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		284,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		901,700.00		4012016
20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		67,311.12		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		284,799.98		6012016
20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		58,800.00		12012019
20013301	MORRIS COLLEGE - BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,908,414.68		8062014
20018901	SWARTHMORE COLLEGE		3		48,205.36		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,116,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		164,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		39,000.00		1012013
20021603	UNIVERSITY OF NORTH CAROLINA		3		660,000.00		1012018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
					17,170,444.07

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of April 30, 2009

Loan		Interest		Current		Maturity
Number	Borrower Name	Rate		UPB		Date
20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968		3.00		1,270,000.00		4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
20023102	VANDERBILT UNIV — 1979 MAYFIELD		3.00		263,557.48		6-30-2009
20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
	Totals:				46,406,400.85

Page 9 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of April 30, 2009

		Next
Loan		Payment
Number	Borrower Name	Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,199.99		19,999.99
20022701	UNIV OF VERMONT		20090401		277,145.00		1,715,000.00
20010801	LONG ISLAND U		20090601		6,194.23		284,799.98
TOTAL					304,539.22		2,019,799.97

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of April 30, 2009

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of May 01, 2010 through May 31, 2010

Collections:
Principal Payments	222,857.25
Interest Payments	58,484.58
Total Principal and Interest Collections	281,341.83
Payments and Reversals Posted to Suspense	—
Total Collections	281,341.83
Less: Servicing Fees (not withheld from remittances)	(1,360.10	)
Net Collections	279,981.73

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of May 01, 2010 through May 31, 2010

											Principal		Service
Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Fees
	5012010		20001201	ATLANTIC UNIO		3,948.30		2,042.14		5,990.44		136,142.71		37.44
	5012010		20002801	CARNEGIE-MELL		18,000.00		4,530.00		22,530.00		302,000.00		83.05
	5012010		20006502	FAIRLEIGH DIC		2,605.16		1,009.66		3,614.82		67,311.12		18.51
	5012010		20008301	HARCUM JR COL		0.00		4,350.00		4,350.00		290,000.00		79.75
	5012010		20013301	MORRIS COLLEG		0.00		4,485.00		4,485.00		299,000.00		82.23
	5012010		20016401	CALIFORNIA ST		0.00		3,675.00		3,675.00		245,000.00		67.38
	5012010		20016501	CALIFORNIA ST		0.00		7,575.00		7,575.00		505,000.00		138.88
	5012010		20016601	SARAH LAWRENC		25,049.91		10,229.83		35,279.74		681,987.75		187.55
	5072010		20018701	SUOMI COLLEGE		8,509.31		5,566.21		14,075.52		1,908,414.68		87.47
	5012010		20018901	SWARTHMORE CO		5,042.78		723.08		5,765.86		48,205.36		13.26
	5012010		20019201	TEMPLE UNIV.		0.00		2,750.63		2,750.63		163,000.00		44.83
	5012010		20020001	UNIV. OF ALAB		80,000.00		16,740.00		96,740.00		1,116,000.00		306.90
	5012010		20021301	UNIV OF MONTE		10,000.00		2,460.00		12,460.00		164,000.00		45.10
	5012010		20023501	WSTRN MARYLAN		0.00		9,150.00		9,150.00		610,000.00		167.75
				TOTALS:		153,155.46		75,286.55		228,442.01		6,536,061.62		1,360.10
														1,360.10
	7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
	4012009		20022701	UNIV OF VERMO		67,000.00		25,725.00		92,725.00		1,715,000.00		471.63
	10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20
	4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		434.50

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of May 01, 2010 through May 31, 2010

Loan	Payoff	Total	Principal	Interest
Number	Date	Amount Paid	Amount	Amount	Other Fees	Maturity Date
none to report
	TOTAL:	—	—	—	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of May 01, 2010 through May 31, 2010

		Total
		Amount	Principal	Interest
Loan Number	Payoff Date	Paid	Amount	Amount
none to report
	TOTAL:	—	—	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of May 31, 2009

Loan Number		Borrower Name	Interest Rate		Current UPB		Maturity Date
	20000101	ALBION COLLEGE		3		560,000.00		10012015
	20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
	20002401	BOSTON UNIVERITY		3		559,080.71		12312022
	20002801	CARNEGIE MELLON UNIVERSITY		3		284,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
	20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		64,705.96		11012020
	20008301	HARCUM COLLEGE		3		290,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		284,799.98		6012016
	20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		58,800.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
	20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
	20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,899,905.37		8062014
	20018901	SWARTHMORE COLLEGE		3		43,162.58		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		39,000.00		1012013
	20021603	UNIVERSITY OF NORTH CAROLINA		3		660,000.00		1012018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
	20023501	McDANIEL COLLEGE		3		610,000.00		11012016
						16,947,586.82

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of May 31, 2009

Loan Number		Borrower Name	Interest Rate		Current UPB		Maturity Date
	20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
	20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
	20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
	20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
	20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
	20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
	20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
	20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
	20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
	20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
	20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
	20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
	20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
	20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
	20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
	20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
	20023102	VANDERBILT UNIV — 1979 MAYFIELD		3.00		263,557.48		6-30-2009
	20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
	20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
	20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
		Totals:				45,960,686.35

Page 9 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of May 31, 2009

			Next Payment
Loan Number		Borrower Name	Due		P and I Due		Current UPB
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,199.99		19,999.99
	20022701	UNIV OF VERMONT		20090401		277,145.00		1,715,000.00
	20010801	LONG ISLAND U		20090601		6,194.23		284,799.98
TOTAL						304,539.22		2,019,799.97

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of May 31, 2009

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of June 01, 2010 through June 30, 2010

Collections:
Principal Payments	882,495.88
Interest Payments	38,813.56
Total Principal and Interest Collections	921,309.44
Payments and Reversals Posted to Suspense	—
Total Collections	921,309.44
Less: Servicing Fees (not withheld from remittances)	(518.57	)
Net Collections	920,790.87

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of June 01, 2010 through June 30, 2010

										Principal		Service
Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Fees
6302010		20002401	BOSTON UNIVER		17,740.71		8,386.21		26,126.92		559,080.71		153.75
6012010		20010801	LONG ISLAND U		35,000.00		4,200.00		39,200.00		286,194.23		78.70
6012010		20013001	MONTREAT-ANDE		2,800.00		882.00		3,682.00		58,800.00		16.17
6012010		20014401	DOMNION UNIV.		160,000.00		9,975.00		169,975.00		664,999.99		182.87
6072010		20018701	SUOMI COLLEGE		8,349.42		5,726.10		14,075.52		1,899,905.37		87.08
			TOTALS:		223,890.13		29,169.31		253,059.44		3,468,980.30		518.57
													518.57
7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
4012009		20022701	UNIV OF VERMO		67,000.00		25,725.00		92,725.00		1,715,000.00		471.63
10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20
4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		434.50

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of June 01, 2010 through June 30, 2010

Loan

Payoff

Total

Principal

Interest

Number

Date

Amount Paid

Amount

Amount

Other Fees

Maturity Date

20021603

6/9/2010

668,250.00

660,000.00

8,250.00

1012018

TOTAL:

668,250.00

660,000.00

8,250.00

—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of June 01, 2010 through June 30, 2010

		Total
		Amount		Principal		Interest
Loan Number	Payoff Date	Paid		Amount		Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of June 30, 2009

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20000101	ALBION COLLEGE		3		560,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		541,340.00		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		284,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		64,705.96		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		251,194.23		6012016
20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		56,000.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,891,555.95		8062014
20018901	SWARTHMORE COLLEGE		3		43,162.58		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		39,000.00		1012013
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
					16,065,090.94

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of June 30, 2009

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE		3.00		85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY		3.00		285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY		3.38		298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE		3.00		70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV — 1979 MAYFIELD		3.00		263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00	10-01-2017
	Totals:				44,195,694.59

Page 9 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of June 30, 2009

		Next Payment
Loan Number	Borrower Name	Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,199.99		19,999.99
20022701	UNIV OF VERMONT		20090401		277,145.00		1,715,000.00
TOTAL					298,344.99		1,734,999.99

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of June 30, 2009

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of July 01, 2010 through July 31, 2010

Collections:
Principal Payments	73,558.48
Interest Payments	12,612.04
Total Principal and Interest Collections	86,170.52
Payments and Reversals Posted to Suspense	—
Total Collections	86,170.52
Less: Servicing Fees (not withheld from remittances)	(398.28	)
Net Collections	85,772.24

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of July 01, 2010 through July 31, 2010

										Principal		Service
Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Fees
7012010		20003901	COLL. OF CHAR		59,000.00		6,510.00		65,510.00		434,000.00		119.35
7072010		20018701	SUOMI COLLEGE		8,558.48		5,517.04		14,075.52		1,891,555.95		86.70
7012010		20021401	U OF NEBRASKA		6,000.00		585.00		6,585.00		39,000.00		10.73
7012010		20021603	NORTH CAROLIN		0.00		9,900.00		9,900.00		660,000.00		181.50
			TOTALS:		73,558.48		22,512.04		96,070.52		3,024,555.95		398.28
													398.28
7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
4012009		20022701	UNIV OF VERMO		67,000.00		25,725.00		92,725.00		1,715,000.00		471.63
10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20
4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		434.50

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of July 01, 2010 through July 31, 2010

Loan	Payoff	Total		Principal		Interest
Number	Date	Amount Paid		Amount		Amount		Other Fees		Maturity Date
none to report
	TOTAL:		—		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of July 01, 2010 through July 31, 2010

		Total
		Amount		Principal		Interest
Loan Number	Payoff Date	Paid		Amount		Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of July 31, 2010

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20000101	ALBION COLLEGE		3		560,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		541,340.00		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		284,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		64,705.96		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		251,194.23		6012016
20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		56,000.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,882,997.47		8062014
20018901	SWARTHMORE COLLEGE		3		43,162.58		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
					15,991,532.46

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of July 31, 2010

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE		3.00		85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY		3.00		285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY		3.38		298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE		3.00		70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV — 1979 MAYFIELD		3.00		263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00	10-01-2017
	Totals:				44,048,577.63

Page 9 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of July 31, 2010

		Next Payment
Loan Number	Borrower Name	Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,199.99		19,999.99
20022701	UNIV OF VERMONT		20090401		277,145.00		1,715,000.00
20010801	LONG ISLAND U		20100601		6,194.23		251,194.23
TOTAL					304,539.22		1,986,194.22

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of July 31, 2010

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of August 01, 2010 through August 31, 2010

Collections:
Principal Payments	8,400.37
Interest Payments	5,675.15
Total Principal and Interest Collections	14,075.52
Payments and Reversals Posted to Suspense	—
Total Collections	14,075.52
Less: Servicing Fees (not withheld from remittances)	(86.30	)
Net Collections	13,989.22

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of August 01, 2010 through August 31, 2010

											Principal
Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Service Fees
														—
	08072010		20018701	SUOMI COLLEGE		8,400.37		5,675.15		14,075.52		1,882,997.47		86.30
														—
														—
				TOTALS:		8,400.37		5,675.15		14,075.52		1,882,997.47		86.30
														86.30
	7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
	4012009		20022701	UNIV OF VERMO		67,000.00		25,725.00		92,725.00		1,715,000.00		471.63
	10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20
	4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		434.50

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of August 01, 2010 through August 31, 2010

Loan	Payoff	Total	Principal	Interest
Number	Date	Amount Paid	Amount	Amount	Other Fees	Maturity Date
none to report
	TOTAL:	—	—	—	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of August 01, 2010 through August 31, 2010

		Total
		Amount	Principal	Interest
Loan Number	Payoff Date	Paid	Amount	Amount
none to report
	TOTAL:	—	—	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of August 31, 2010

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20000101	ALBION COLLEGE		3		560,000.00		10012015
	20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
	20002401	BOSTON UNIVERITY		3		541,340.00		12312022
	20002801	CARNEGIE MELLON UNIVERSITY		3		284,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
	20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		64,705.96		11012020
	20008301	HARCUM COLLEGE		3		290,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		251,194.23		6012016
	20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		56,000.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
	20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
	20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,874,597.10		8062014
	20018901	SWARTHMORE COLLEGE		3		43,162.58		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
	20023501	McDANIEL COLLEGE		3		610,000.00		11012016
						15,983,132.09

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of August 31, 2010

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
	20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
	20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
	20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
	20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
	20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
	20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
	20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
	20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
	20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
	20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
	20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
	20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
	20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
	20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
	20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
	20023102	VANDERBILT UNIV — 1979 MAYFIELD		3.00		263,557.48		6-30-2009
	20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
	20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
	20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
		Totals:				44,031,776.89

Page 9 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of August 31, 2010

			Next Payment
Loan Number		Borrower Name	Due		P and I Due		Current UPB
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,499.99		19,999.99
	20022701	UNIV OF VERMONT		20090401		277,145.00		1,715,000.00
	20010801	LONG ISLAND U		20100601		6,194.23		251,194.23
	TOTAL					304,839.22		1,986,194.22

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of August 31, 2010

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of September 01, 2010 through September 30, 2010

Collections:
Principal Payments	29,619.92
Interest Payments	28,146.40
Total Principal and Interest Collections	57,766.32
Payments and Reversals Posted to Suspense	—
Total Collections	57,766.32
Less: Servicing Fees (not withheld from remittances)	(356.25	)
Net Collections	57,410.07

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of September 01, 2010 through September 30, 2010

										Principal		Service
Date Due	Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Fees
													—
09072010		20018701	SUOMI COLLEGE		8,425.69		5,649.83		14,075.52		1,874,597.10		85.92
09012010		20019502	TEXAS TECH UN		0.00		3,226.25		3,226.25		178,000.00		48.95
09012010		20019504	TEXAS TECH UN		0.00		13,584.38		13,584.38		805,000.00		221.38
			TOTALS:		8,425.69		22,460.46		30,886.15		2,857,597.10		356.25
													356.25
7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
4012009		20022701	UNIV OF VERMO		67,000.00		25,725.00		92,725.00		1,715,000.00		471.63
10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20
4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		434.50

Page 2 of 12

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of September 01, 2010 through September 30, 2010

Loan	Payoff	Total		Principal		Interest
Number	Date	Amount Paid		Amount		Amount		Other Fees		Maturity Date
none to report
	TOTAL:		—		—		—		—

Page 3 of 12

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of September 01, 2010 through September 30, 2010

		Total
		Amount		Principal		Interest
Loan Number	Payoff Date	Paid		Amount		Amount
none to report
	TOTAL:		—		—		—

Page 4 of 12

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of September 30, 2010

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20000101	ALBION COLLEGE		3		560,000.00		10012015
	20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
	20002401	BOSTON UNIVERITY		3		541,340.00		12312022
	20002801	CARNEGIE MELLON UNIVERSITY		3		284,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
	20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		64,705.96		11012020
	20008301	HARCUM COLLEGE		3		290,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
	20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		56,000.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
	20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
	20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,866,171.41		8062014
	20018901	SWARTHMORE COLLEGE		3		43,162.58		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
	20023501	McDANIEL COLLEGE		3		610,000.00		11012016
						15,953,512.17

Page 5 of 12

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of September 30, 2010

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
	20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
	20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
	20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
	20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
	20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
	20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
	20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
	20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
	20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
	20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
	20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
	20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
	20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
	20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
	20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
	20023102	VANDERBILT UNIV — 1979 MAYFIELD		3.00		263,557.48		6-30-2009
	20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
	20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
	20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017

Page 5 of 12

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of September 30, 2010

			Next Payment
Loan Number		Borrower Name	Due		P and I Due		Current UPB
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,499.99		19,999.99
	20022701	UNIV OF VERMONT		20090401		277,145.00		1,715,000.00
TOTAL						298,644.99		1,734,999.99

Page 6 of 12

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of September 30, 2010

None to report for this period

Page 7 of 12

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of October 01, 2010 through October 31, 2010

Collections:
Principal Payments	129,700.94
Interest Payments	50,769.19
Total Principal and Interest Collections	180,470.13
Payments and Reversals Posted to Suspense	—
Total Collections	180,470.13
Less: Servicing Fees (not withheld from remittances)	(863.25	)
Net Collections	179,606.88

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of October 01, 2010 through October 31, 2010

Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
	10012010		20000101	ALBION COLLEG		90,000.00		8,400.00		98,400.00		560,000.00		154.00
	10012010		20001301	AUGSBERG COLL		0.00		8,400.00		8,400.00		560,000.00		154.00
	10012010		20001401	AZUSA UNIVERS		0.00		5,295.00		5,295.00		353,000.00		97.08
	10012010		20003001	CASE WESTERN		0.00		11,775.00		11,775.00		785,000.00		215.88
	10012010		20004001	COLL.OF ST. T		0.00		3,900.00		3,900.00		260,000.00		71.50
	10012010		20004401	R.I. JR. COLL		10,000.00		2,790.00		12,790.00		186,000.00		51.15
	10012010		20012101	MIDDLEBURY CO		27,000.00		7,575.00		34,575.00		505,000.00		138.88
	10012010		20012901	MONTEREY JR C		15,000.00		2,325.00		17,325.00		155,000.00		42.63
	10012010		20013501	NEW ENGLAND C		32,000.00		2,138.75		34,138.75		118,049.99		32.46
	10012010		20013502	NEW ENGLAND C		0.00		7,725.00		7,725.00		515,000.00		141.63
	10012010		20018001	ST.EDWARDS		0.00		888.13		888.13		49,000.00		13.48
	10072010		20018701	SUOMI COLLEGE		8,632.52		5,443.00		14,075.52		1,866,171.41		85.53
	10012010		20019101	TAYLOR UNIV.		60,000.00		900.00		60,900.00		60,000.00		16.50
	10012010		20021701	UNIV. OF NOTR		0.00		12,600.00		12,600.00		840,000.00		231.00
	10012010		20022601	UNIV.OF STEUB		0.00		877.50		877.50		52,000.00		14.30
	10012010		20022602	UNIV.OF STEUB		0.00		2,220.00		2,220.00		148,000.00		40.70
	10012010		20022701	UNIV OF VERMO		70,000.00		22,680.00		92,680.00		1,512,000.00		415.80
				TOTALS:		312,632.52		105,932.38		418,564.90		8,524,221.40		1,916.52
	10012010		20000101	ALBION COLLEG		90,000.00		8,400.00		98,400.00		560,000.00		(154.00	)
	10012010		20001301	AUGSBERG COLL		0.00		8,400.00		8,400.00		560,000.00		(154.00	)
	10012010		20001401	AZUSA UNIVERS		0.00		5,295.00		5,295.00		353,000.00		(97.08	)
	10012010		20003001	CASE WESTERN		0.00		11,775.00		11,775.00		785,000.00		(215.88	)
	10012010		20004001	COLL.OF ST. T		0.00		3,900.00		3,900.00		260,000.00		(71.50	)
	10012010		20004401	R.I. JR. COLL		10,000.00		2,790.00		12,790.00		186,000.00		(51.15	)
	10012010		20012101	MIDDLEBURY CO		27,000.00		7,575.00		34,575.00		505,000.00		(138.88	)
	10012010		20013502	NEW ENGLAND C		0.00		7,725.00		7,725.00		515,000.00		(141.63	)
	10012010		20018001	ST.EDWARDS		0.00		888.13		888.13		49,000.00		(13.48	)
	10012010		20019101	TAYLOR UNIV.		60,000.00		900.00		60,900.00		60,000.00		(16.50	)
	10012010		20022601	UNIV.OF STEUB		0.00		877.50		877.50		52,000.00		(14.30	)
	10012010		20022602	UNIV.OF STEUB		0.00		2,220.00		2,220.00		148,000.00		(40.70	)
	10012010		20022701	UNIV OF VERMO		70,000.00		22,680.00		92,680.00		1,512,000.00		(415.80	)
	4012009		20022701	UNIV OF VERMO		67,000.00		25,725.00		92,725.00		1,715,000.00		471.63
														863.25
	7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
	10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20
	4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		434.50

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of October 01, 2010 through October 31, 2010

Loan Number	Payoff Date	Total Amount Paid		Principal Amount		Interest Amount		Other Fees		Maturity Date
none to report
	TOTAL:		—		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of October 01, 2010 through October 31, 2010

Loan Number	Payoff Date	Total Amount Paid		Principal Amount		Interest Amount
none to report
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of October 31, 2010

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20000101	ALBION COLLEGE		3		560,000.00		10012015
	20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
	20002401	BOSTON UNIVERITY		3		541,340.00		12312022
	20002801	CARNEGIE MELLON UNIVERSITY		3		267,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
	20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		64,705.96		11012020
	20008301	HARCUM COLLEGE		3		290,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
	20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		56,000.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		86,049.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
	20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
	20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,857,538.89		8062014
	20018901	SWARTHMORE COLLEGE		3		38,044.16		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,648,000.00		10012019
	20023501	McDANIEL COLLEGE		3		610,000.00		11012016
						15,823,811.23

Page 7 of 12

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of October 31, 2010

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
	20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
	20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
	20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
	20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
	20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
	20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
	20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
	20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
	20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
	20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
	20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
	20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
	20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
	20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
	20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
	20023102	VANDERBILT UNIV — 1979 MAYFIELD		3.00		263,557.48		6-30-2009
	20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
	20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
	20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
		TOTALS:				43,713,135.17

Page 9 of 12

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of October 31, 2010

Loan Number		Borrower Name	Next Payment Due		P and I Due		Current UPB
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,499.99		19,999.99
	20022701	UNIV OF VERMONT		20090401		277,145.00		1,648,000.00
TOTAL						298,644.99		1,667,999.99

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of October 31, 2010

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of November 01, 2010 through November 30, 2010

Collections:
Principal Payments	326,254.52
Interest Payments	73,211.63
Total Principal and Interest Collections	399,466.15
Payments and Reversals Posted to Suspense	—
Total Collections	399,466.15
Less: Servicing Fees (not withheld from remittances)	(1,480.25	)
Net Collections	397,985.90

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of November 01, 2010 through November 30, 2010

Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
	11012010		20001201	ATLANTIC UNIO		4,007.52		1,982.92		5,990.44		132,194.41		36.35
	11012010		20002801	CARNEGIE-MELL		17,000.00		4,260.00		21,260.00		284,000.00		78.10
	11012010		20006502	FAIRLEIGH DIC		2,644.23		970.59		3,614.82		64,705.96		17.79
	11012010		20008301	HARCUM JR COL		45,000.00		4,350.00		49,350.00		290,000.00		79.75
	11012010		20013301	MORRIS COLLEG		71,000.00		4,485.00		75,485.00		299,050.00		82.24
	11012010		20016401	CALIFORNIA ST		15,000.00		3,675.00		18,675.00		245,000.00		67.38
	11012010		20016501	CALIFORNIA ST		35,000.00		7,575.00		42,575.00		505,000.00		138.88
	11012010		20016601	SARAH LAWRENC		25,425.67		9,854.07		35,279.74		656,937.84		180.66
	11072010		20018701	SUOMI COLLEGE		8,477.10		5,598.42		14,075.52		1,857,538.89		85.14
	11012010		20018901	SWARTHMORE CO		5,118.42		647.44		5,765.86		43,162.58		11.87
	11012010		20019201	TEMPLE UNIV.		35,000.00		2,750.63		37,750.63		163,000.00		44.83
	11012010		20020001	UNIV. OF ALAB		0.00		15,540.00		15,540.00		1,036,000.00		284.90
	11012010		20021301	UNIV OF MONTE		0.00		2,310.00		2,310.00		154,000.00		42.35
	11012010		20023501	WSTRN MARYLAN		80,000.00		9,150.00		89,150.00		610,000.00		167.75
				TOTALS:		343,672.94		73,149.07		416,822.01		6,340,589.68		1,317.99
	10012010		20000101	ALBION COLLEG		90,000.00		8,400.00		98,400.00		560,000.00		154.00
	10012010		20003001	CASE WESTERN		0.00		11,775.00		11,775.00		785,000.00		215.88
	10012010		20004401	R.I. JR. COLL		10,000.00		2,790.00		12,790.00		186,000.00		51.15
	10012010		20018001	ST.EDWARDS		0.00		888.13		888.13		49,000.00		13.48
	10012010		20022601	UNIV.OF STEUB		0.00		877.50		877.50		52,000.00		14.30
	10012010		20022602	UNIV.OF STEUB		0.00		2,220.00		2,220.00		148,000.00		40.70
	11012010		20020001	UNIV. OF ALAB		0.00		15,540.00		15,540.00		1,036,000.00		(284.90	)
	11012010		20021301	UNIV OF MONTE		0.00		2,310.00		2,310.00		154,000.00		(42.35	)
														1,480.25
SF STILL DUE:
	7012008		20012401	MISSISSIPPI V		10,000.00		150.00		10,150.00		10,000.00		2.75
	10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20
	4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		434.50
	10012010		20022701	UNIV OF VERMO		70,000.00		22,680.00		92,680.00		1,512,000.00		415.80
	10012010		20001301	AUGSBERG COLL		0.00		8,400.00		8,400.00		560,000.00		(154.00	)
	10012010		20001401	AZUSA UNIVERS		0.00		5,295.00		5,295.00		353,000.00		(97.08	)
	10012010		20004001	COLL.OF ST. T		0.00		3,900.00		3,900.00		260,000.00		(71.50	)
	10012010		20012101	MIDDLEBURY CO		27,000.00		7,575.00		34,575.00		505,000.00		(138.88	)
	10012010		20013502	NEW ENGLAND C		0.00		7,725.00		7,725.00		515,000.00		(141.63	)
	10012010		20019101	TAYLOR UNIV.		60,000.00		900.00		60,900.00		60,000.00		(16.50	)

Page 3 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of November 01, 2010 through November 30, 2010

Loan	Payoff	Total	Principal	Interest
Number	Date	Amount Paid	Amount	Amount	Other Fees	Maturity Date
none to report
	TOTAL:	—	—	—	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of November 01, 2010 through November 30, 2010

		Total
		Amount	Principal	Interest
Loan Number	Payoff Date	Paid	Amount	Amount
none to report
	TOTAL:	—	—	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of November 30, 2010

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20000101	ALBION COLLEGE		3		560,000.00		10012015
	20001201	ATLANTIC UNION COLLEGE		3		128,186.89		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
	20002401	BOSTON UNIVERITY		3		541,340.00		12312022
	20002801	CARNEGIE MELLON UNIVERSITY		3		267,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
	20004401	R.I. JR. COLLEGE		3		176,025.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		62,061.73		11012020
	20008301	HARCUM COLLEGE		3		245,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
	20012101	MIDDLEBURY COLLEGE		3		478,025.00		4012018
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		53,200.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		228,050.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		86,049.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
	20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		230,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		470,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		631,512.17		11012021
	20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,849,061.79		8062014
	20018901	SWARTHMORE COLLEGE		3		38,044.16		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,648,000.00		10012019
	20023501	McDANIEL COLLEGE		3		530,000.00		11012016
						15,497,556.71

Page 8 of 13

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of November 30, 2010

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20018801	SUSQUEHANNA UNIVERSITY		3.00		20,000.00		11-01-2006
	20018802	SUSQUEHANNA UNIVERSITY		3.63		260,000.00		11-01-2014
	20018901	SWARTHMORE COLLEGE		3.00		85,955.23		11-01-2013
	20019101	TAYLOR UNIVERISTY		3.00		285,000.00		10-01-2010
	20019201	TEMPLE UNIVERSITY		3.38		298,000.00		11-01-2014
	20019401	TEXAS STATE COLLEGE		3.00		70,000.00		4-01-2007
	20019502	TEXAS TECH. UNIVERSITY		3.63		383,000.00		3-01-2013
	20019504	TEXAS TECH. UNIVERSITY		3.38		2,420,000.00		3-01-2012
	20019601	TOUGALOO COLLEGE/ DORM BONDS 1981		3.00		98,000.00		6-01-2021
	20020001	UNIVERSITY OF ALABAMA		3.00		1,416,000.00		5-01-2021
	20021001	UNIVERSITY OF HAWAII AT MANOA		3.00		135,000.00		10-01-2006
	20021301	UNIVERSITY OF MONTEVALLO		3.00		199,000.00		5-01-2023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3.00		79,000.00		1-01-2013
	20021603	UNIVERSITY OF NORTH CAROLINA		3.00		945,000.00		1-01-2018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3.00		1,270,000.00		4-01-2018
	20022601	UNIVERSITY OF STEUBENVILLE		3.38		166,000.00		4-01-2012
	20022602	UNIVERSITY OF STEUBENVILLE		3.00		234,000.00		4-01-2017
	20022701	UNIVERSITY OF VERMONT		3.00		2,093,000.00		10-01-2019
	20023102	VANDERBILT UNIV — 1979 MAYFIELD		3.00		263,557.48		6-30-2009
	20023501	WESTERN MARYLAND COLLEGE		3.00		910,000.00		11-01-2016
	20023601	WESTERN WASHINGTON STATE COLLEGE		3.00		40,000.00		10-01-2007
	20023901	XAVIER UNIVERSITY OF LOUISIANA		3.00		395,000.00		10-01-2017
		TOTALS:				43,060,626.13

Page 10 of 13

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of November 30, 2010

			Next Payment
Loan Number		Borrower Name	Due		P and I Due		Current UPB
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		7/1/2007		21,499.99		19,999.99
	20022701	UNIV OF VERMONT		4/1/2009		277,145.00		1,648,000.00
	20000101	ALBION COLLEGE		10/1/2010		90,000.00		560,000.00
	20001301	AUGSBERG COLLEGE		10/1/2010		8,400.00		560,000.00
	20001401	AZUSA UNIVERSITY		10/1/2010		5,295.00		353,000.00
	20004001	COLLEGE OF ST.THOMAS		10/1/2010		3,900.00		260,000.00
	20004401	R.I. JR. COLLEGE		10/1/2010		25.00		176,025.00
	20012101	MIDDLEBURY COLLEGE		10/1/2010		7,600.00		478,025.00
	20013501	NEW ENGLAND COLLEGE		10/1/2010		50.00		86,049.99
	20013502	NEW ENGLAND COLLEGE		10/1/2010		7,725.00		515,000.00
	20018001	ST. EDWARDS UNIVERSITY		10/1/2010		888.09		49,000.00
	20019101	TAYLOR UNIVERSITY		10/1/2010		60,900.00		60,000.00
	20022602	UNIVERSITY OF STEUBENVILLE		10/1/2010		2,220.00		148,000.00
TOTAL						485,648.08		4,913,099.98

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of November 30, 2010

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Quarter Ended December 31, 2009

	October			November			December
Collections:
Principal Payments		312,046.74			293,629.19			36,613.67
Interest Payments		111,093.47			64,487.84			30,080.96
Total Principal and Interest Collections		423,140.21			358,117.03			66,694.63
Payments and Reversals Posted to Suspense		—			—			—
Total Collections		423,140.21			358,117.03			66,694.63
Less: Servicing Fees (not withheld from remittances)		(1,790.78	)		(1,462.53	)		(807.89	)
Net Collections		421,349.43			356,654.50			65,886.74

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Quarter Ended December 31, 2009

		Loan
Date Due		Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
October
	10012009		20000101	ALBION COLLEG		80,000.00		9,600.00		89,600.00		640,000.00		176.00
	10012009		20001301	AUGSBERG COLL		—		9,600.00		9,600.00		640,000.00		176.00
	10012009		20001401	AZUSA UNIVERS		—		5,970.00		5,970.00		398,000.00		109.45
	10012009		20002102	BIRMINGHAM SO		40,000.00		1,200.00		41,200.00		80,000.00		22.00
	10012009		20003001	CASE WESTERN		—		13,575.00		13,575.00		905,000.00		248.88
	10012009		20004001	COLL.OF ST. T		—		4,425.00		4,425.00		295,000.00		81.13
	10012009		20004401	R.I. JR. COLL		10,000.00		3,090.00		13,090.00		206,000.00		56.65
	10012009		20005201	DANIEL WEBSTE		—		2,775.00		2,775.00		185,000.00		50.88
	10012009		20012101	MIDDLEBURY CO		45,000.00		8,925.00		53,925.00		595,000.00		163.63
	10012009		20012901	MONTEREY JR C		15,000.00		2,550.00		17,550.00		170,000.00		46.75
	10012009		20013501	NEW ENGLAND C		30,000.00		2,682.50		32,682.50		147,999.99		40.70
	10012009		20013502	NEW ENGLAND C		—		8,475.00		8,475.00		565,000.00		155.38
	10012009		20018001	ST.EDWARDS		—		1,178.13		1,178.13		65,000.00		17.88
	10072009		20018701	SUOMI COLLEGE		8,338.68		5,736.84		14,075.52		1,966,915.08		90.15
	10012009		20019101	TAYLOR UNIV.		60,000.00		1,800.00		61,800.00		120,000.00		33.00
	10012009		20021701	UNIV. OF NOTR		—		13,950.00		13,950.00		930,000.00		255.75
	10012009		20022601	UNIV.OF STEUB		—		1,282.50		1,282.50		76,000.00		20.90
	10012009		20022602	UNIV.OF STEUB		—		2,490.00		2,490.00		166,000.00		45.65
	10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		453.20
				TOTALS:		356,338.68		124,024.97		480,363.65		9,798,915.07		2,243.98
	10012009		20022701	UNIV OF VERMO		68,000.00		24,720.00		92,720.00		1,648,000.00		(453.20	)
														1,790.78
November
	11012009		20001201	ATLANTIC UNIO		3,889.95		2,100.49		5,990.44		140,032.66		38.51
	11012009		20002801	CARNEGIE-MELL		17,000.00		4,785.00		21,785.00		319,000.00		87.73
	11012009		20006502	FAIRLEIGH DIC		2,566.65		1,048.17		3,614.82		69,877.77		19.22
	11012009		20008301	HARCUM JR COL		45,000.00		5,025.00		50,025.00		335,000.00		92.13
	11012009		20013301	MORRIS COLLEG		69,000.00		5,520.00		74,520.00		368,000.00		101.20
	11012009		20016401	CALIFORNIA ST		15,000.00		3,900.00		18,900.00		260,000.00		71.50
	11012009		20016501	CALIFORNIA ST		35,000.00		8,100.00		43,100.00		540,000.00		148.50
	11012009		20016601	SARAH LAWRENC		24,679.73		10,600.01		35,279.74		706,667.48		194.33
	11012009		20017801	SPRINGFIELD C		7,837.00		480.90		8,317.90		32,060.06		8.82
	11072009		20018701	SUOMI COLLEGE		8,172.59		5,902.93		14,075.52		1,958,576.40		89.77
	11012009		20018901	SWARTHMORE CO		4,968.27		797.59		5,765.86		53,173.63		14.62
	11012009		20019201	TEMPLE UNIV.		35,000.00		3,341.25		38,341.25		198,000.00		54.45
	11012009		20020001	UNIV. OF ALAB		—		16,740.00		16,740.00		1,116,000.00		306.90
	11012009		20021301	UNIV OF MONTE		—		2,460.00		2,460.00		164,000.00		45.10
	11012009		20023501	WSTRN MARYLAN		80,000.00		10,350.00		90,350.00		690,000.00		189.75
				TOTALS:		348,114.19		81,151.34		429,265.53		6,950,388.00		1,462.53
														1,462.53
December
	12302009		20002401	BOSTON UNIVER		17,478.53		8,648.39		26,126.92		576,559.24		158.55
	12012009		20010801	LONG ISLAND U		0.00		4,200.00		4,200.00		284,799.98		78.32
	12012009		20013001	MONTREAT-ANDE		2,600.00		921.00		3,521.00		61,400.00		16.89
	12012009		20014401	DOMNION UNIV.		0.00		9,975.00		9,975.00		664,999.99		182.87
	12072009		20018701	SUOMI COLLEGE		8,386.84		5,688.68		14,075.52		1,950,403.81		89.39
				TOTALS:		28,465.37		29,433.07		57,898.44		3,538,163.02		526.02
	9012009		20019504	TEXAS TECH UN		—		20,756.25		20,756.25		1,230,000.00		281.87
														807.89
			TOTALS FOR QTR			732,918.24		234,609.38		967,527.62		20,287,466.09		4,061.20

Berkadia Commercial Mortgage
College and University Loan Trust I
Paid In Full Loan Schedule
For the Quarter Ended December 31, 2009

				Principal
Loan Number	Payoff Date	Total Amount		Amount		Interest Amount		Other Fees	Maturity Date
20017801	10/30/2009		32,540.96		32,060.06		480.90			5012011
Totals			32,540.96		32,060.06		480.90	—

* Please note that service fees have not yet been deducted.

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Quarter Ended December 31, 2009

		Total Amount
Loan Number	Payoff Date	Paid		Principal Amount		Interest Amount
None to report for this period
							—
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended December 31, 2009

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
October
20000101	ALBION COLLEGE		3		560,000.00		10012015
20000902	ANDERSON COLLEGE		3		25,000.00		3012010
20001201	ATLANTIC UNION COLLEGE		3		140,032.66		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		640,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		398,000.00		4012017
20002401	BOSTON UNIVERITY		3		576,559.24		12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE		3		11,000.00		2012010
20002801	CARNEGIE MELLON UNIVERSITY		3		302,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		905,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		295,000.00		4012017
20004401	R.I. JR. COLLEGE		3		196,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		69,877.77		11012020
20008301	HARCUM COLLEGE		3		335,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		288,999.98		6012016
20012101	MIDDLEBURY COLLEGE		3		550,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		61,400.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		368,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		565,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		260,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		540,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		681,987.75		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		65,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,958,576.40		8062014
20018901	SWARTHMORE COLLEGE		3		48,205.36		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		198,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		233,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		1,230,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,116,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		164,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		44,000.00		1012013
20021603	UNIVERSITY OF NORTH CAROLINA		3		735,000.00		1012018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		930,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		76,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		166,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		690,000.00		11012016
	TOTALS:				18,589,639.13
November
20000101	ALBION COLLEGE		3		560,000.00		10012015
20000902	ANDERSON COLLEGE		3		25,000.00		3012010
20001201	ATLANTIC UNION COLLEGE		3		136,142.71		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		640,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		398,000.00		4012017
20002401	BOSTON UNIVERITY		3		576,559.24		12312022

Page 9 of 14

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended December 31, 2009

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20002501	WILLIAM JENNINGS BRYAN COLLEGE		3		11,000.00		2012010
20002801	CARNEGIE MELLON UNIVERSITY		3		302,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		905,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		295,000.00		4012017
20004401	R.I. JR. COLLEGE		3		196,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		67,311.12		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		288,999.98		6012016
20012101	MIDDLEBURY COLLEGE		3		550,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		61,400.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		565,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		681,987.75		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		65,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,950,403.81		8062014
20018901	SWARTHMORE COLLEGE		3		48,205.36		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		233,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		1,230,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,116,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		164,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		44,000.00		1012013
20021603	UNIVERSITY OF NORTH CAROLINA		3		735,000.00		1012018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		930,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		76,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		166,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
	TOTALS:				18,296,009.94
December
20000101	ALBION COLLEGE		3		560,000.00		10012015
20000902	ANDERSON COLLEGE		3		25,000.00		3012010
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		640,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		398,000.00		4012017
20002401	BOSTON UNIVERITY		3		559,080.71		12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE		3		11,000.00		2012010
20002801	CARNEGIE MELLON UNIVERSITY		3		302,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		905,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		295,000.00		4012017
20004401	R.I. JR. COLLEGE		3		196,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		67,311.12		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015

Page 10 of 14

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended December 31, 2009

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20010801	LONG ISLAND UNIVERSITY		3		284,799.98		6012016
20012101	MIDDLEBURY COLLEGE		3		550,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		58,800.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		565,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		681,987.75		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		65,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,942,016.97		8062014
20018901	SWARTHMORE COLLEGE		3		48,205.36		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		233,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		1,230,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,116,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		164,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		44,000.00		1012013
20021603	UNIVERSITY OF NORTH CAROLINA		3		735,000.00		1012018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		930,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		76,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		166,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
					18,259,396.27

Page 11 of 14

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
For the Quarter Ended December 31, 2009

		Next
Loan		Payment
Number	Borrower Name	Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		20,899.99		19,999.99
20022701	UNIV OF VERMONT		20090401		185,445.00		1,715,000.00
20010801	LONG ISLAND U		20090601		6,194.23		284,799.98
TOTAL					212,539.22		2,019,799.97

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
For the Quarter Ended December 31, 2009

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Quarter Ended March 31, 2010

	January			February			March
Collections:
Principal Payments		88,222.50			19,247.28			513,833.75
Interest Payments		24,048.02			5,993.24			32,921.15
Total Principal and Interest Collections		112,270.52			25,240.52			546,754.90
Payments and Reversals Posted to Suspense		—			—			—
Total Collections		112,270.52			25,240.52			546,754.90
Less: Servicing Fees (not withheld from remittances)		(422.59	)		(91.66	)		(497.46	)
Net Collections		111,847.93			25,148.86			546,257.44

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Quarter Ended March 31, 2010

		Loan
Date Due		Number	Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Service Fees
January
	1012010	20003901	COLL. OF CHAR		—		6,510.00		6,510.00		434,000.00		119.35
	1072010	20018701	SUOMI COLLEGE		8,222.50		5,853.02		14,075.52		1,942,016.97		89.01
	1012010	20021401	U OF NEBRASKA		5,000.00		660.00		5,660.00		44,000.00		12.10
	1012010	20021603	NORTH CAROLIN		75,000.00		11,025.00		86,025.00		735,000.00		202.13
	1012010	20012401	MISSISSIPPI V		—		300.00		300.00		—		—
			TOTALS:		88,222.50		24,348.02		112,570.52		3,155,016.97		422.59
													422.59
February
	2012010	20002501	BRYAN COLLEGE		11,000.00		165.00		11,165.00		11,000.00		3.03
	2072010	20018701	SUOMI COLLEGE		8,247.28		5,828.24		14,075.52		1,933,794.47		88.63
			TOTALS:		19,247.28		5,993.24		25,240.52		1,944,794.47		91.66
													91.66
March
	3012010	20000902	ANDERSON COLL		25,000.00		375.00		25,375.00		25,000.00		6.88
	3072010	20018701	SUOMI COLLEGE		8,833.75		5,241.77		14,075.52		1,925,547.19		88.25
	3012010	20019502	TEXAS TECH UN		55,000.00		4,223.13		59,223.13		233,000.00		64.08
	3012010	20019504	TEXAS TECH UN		425,000.00		20,756.25		445,756.25		1,230,000.00		338.25
			TOTALS:		513,833.75		30,596.15		544,429.90		3,413,547.19		497.46
													497.46
		TOTALS FOR QTR			621,303.53		60,937.41		682,240.94		8,513,358.63		1,011.71

Berkadia Commercial Mortgage
College and University Loan Trust I
Paid In Full Loan Schedule
For the Quarter Ended March 31, 2010

					Principal
Loan Number	Payoff Date		Total Amount		Amount		Interest Amount		Other Fees		Maturity Date
20002501		2/1/2010		11,165.00		11,000.00		165.00		—		2012010
20000902		3/2/2010		25,375.00		25,000.00		375.00		—		3012010
Totals				36,540.00		36,000.00		540.00		—

* Please note that service fees have not yet been deducted.

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Quarter Ended March 31, 2010

		Total Amount
Loan Number	Payoff Date	Paid		Principal Amount		Interest Amount
None to report for this period
							—
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended March 31, 2010

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
January
	20000101	ALBION COLLEGE		3		560,000.00		10012015
	20000902	ANDERSON COLLEGE		3		25,000.00		3012010
	20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		640,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		398,000.00		4012017
	20002401	BOSTON UNIVERITY		3		559,080.71		12312022
	20002501	WILLIAM JENNINGS BRYAN COLLEGE		3		11,000.00		2012010
	20002801	CARNEGIE MELLON UNIVERSITY		3		302,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		905,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		295,000.00		4012017
	20004401	R.I. JR. COLLEGE		3		196,000.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		67,311.12		11012020
	20008301	HARCUM COLLEGE		3		290,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		284,799.98		6012016
	20012101	MIDDLEBURY COLLEGE		3		550,000.00		4012018
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		58,800.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		565,000.00		4012019
	20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		681,987.75		11012021
	20018001	ST.EDWARDS UNIVERSITY		3.625		65,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,933,794.47		8062014
	20018901	SWARTHMORE COLLEGE		3		48,205.36		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		233,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		1,230,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,116,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		164,000.00		5012023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		39,000.00		1012013
	20021603	UNIVERSITY OF NORTH CAROLINA		3		660,000.00		1012018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		930,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		76,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		166,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
	20023501	McDANIEL COLLEGE		3		610,000.00		11012016
		TOTALS:				18,171,173.77
February
	20000101	ALBION COLLEGE		3		560,000.00		10012015
	20000902	ANDERSON COLLEGE		3		25,000.00		3012010
	20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		640,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		398,000.00		4012017
	20002401	BOSTON UNIVERITY		3		559,080.71		12312022

Page 7 of 12

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended March 31, 2010

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20002801	CARNEGIE MELLON UNIVERSITY		3		302,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		905,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		295,000.00		4012017
	20004401	R.I. JR. COLLEGE		3		196,000.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		67,311.12		11012020
	20008301	HARCUM COLLEGE		3		290,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		284,799.98		6012016
	20012101	MIDDLEBURY COLLEGE		3		550,000.00		4012018
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		58,800.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		565,000.00		4012019
	20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		681,987.75		11012021
	20018001	ST.EDWARDS UNIVERSITY		3.625		65,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,925,547.19		8062014
	20018901	SWARTHMORE COLLEGE		3		48,205.36		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		233,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		1,230,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,116,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		164,000.00		5012023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		39,000.00		1012013
	20021603	UNIVERSITY OF NORTH CAROLINA		3		660,000.00		1012018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		930,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		76,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		166,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
	20023501	McDANIEL COLLEGE		3		610,000.00		11012016
		TOTALS:				18,151,926.49
March
	20000101	ALBION COLLEGE		3		560,000.00		10012015
	20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		640,000.00		4012016
	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		398,000.00		4012017
	20002401	BOSTON UNIVERITY		3		559,080.71		12312022
	20002801	CARNEGIE MELLON UNIVERSITY		3		302,000.00		11012017
	20003001	CASE WESTERN RESERVE UNIVERSIT		3		905,000.00		4012016
	20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
	20004001	COLLEGE OF ST. THOMAS		3		295,000.00		4012017
	20004401	R.I. JR. COLLEGE		3		196,000.00		4012018
	20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		67,311.12		11012020
	20008301	HARCUM COLLEGE		3		290,000.00		11012015
	20010801	LONG ISLAND UNIVERSITY		3		284,799.98		6012016
	20012101	MIDDLEBURY COLLEGE		3		550,000.00		4012018

Page 8 of 12

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended March 31, 2010

			Interest
Loan Number		Borrower Name	Rate		Current UPB		Maturity Date
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
	20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
	20013001	MONTREAT-ANDERSON COLLEGE		3		58,800.00		12012019
	20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
	20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
	20013502	NEW ENGLAND COLLEGE		3		565,000.00		4012019
	20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
	20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
	20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
	20016601	SARAH LAWRENCE COLLEGE		3		681,987.75		11012021
	20018001	ST.EDWARDS UNIVERSITY		3.625		65,000.00		4012013
	20018701	FINLANDIA UNIVERSITY		3.5		1,916,713.44		8062014
	20018901	SWARTHMORE COLLEGE		3		48,205.36		11012013
	20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
	20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
	20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
	20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
	20020001	UNIVERSITY OF ALABAMA		3		1,116,000.00		5012021
	20021301	UNIVERSITY OF MONTEVALLO		3		164,000.00		5012023
	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		39,000.00		1012013
	20021603	UNIVERSITY OF NORTH CAROLINA		3		660,000.00		1012018
	20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		930,000.00		4012018
	20022601	UNIVERSITY OF STEUBENVILLE		3.375		76,000.00		4012012
	20022602	UNIVERSITY OF STEUBENVILLE		3		166,000.00		4012017
	20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
	20023501	McDANIEL COLLEGE		3		610,000.00		11012016
						17,638,092.74

Page 9 of 12

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
For the Quarter Ended March 31, 2010

			Next
			Payment
Loan Number		Borrower Name	Due		P and I Due		Current UPB
	20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,199.99		19,999.99
	20022701	UNIV OF VERMONT		20090401		185,445.00		1,715,000.00
	20010801	LONG ISLAND U		20090601		6,194.23		284,799.98
TOTAL						212,839.22		2,019,799.97

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
For the Quarter Ended March 31, 2010

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Quarter Ended June 30, 2010

	April			May			June
Collections:
Principal Payments		467,648.67			222,857.25			882,495.88
Interest Payments		102,460.97			58,484.58			38,813.56
Total Principal and Interest Collections		570,109.64			281,341.83			921,309.44
Payments and Reversals Posted to Suspense		—			—			—
Total Collections		570,109.64			281,341.83			921,309.44
Less: Servicing Fees (not withheld from remittances)		(1,681.69	)		(1,360.10	)		(518.57	)
Net Collections		568,427.95			279,981.73			920,790.87

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Quarter Ended June 30, 2010

	Loan			Principal		Interest				Principal		Service
Date Due	Number		Borrower Name	Due		Due		Total Due		Balance		Fees
April
4012010		20000101	ALBION COLLEG		—		8,400.00		8,400.00		560,000.00		154.00
4012010		20001301	AUGSBERG COLL		80,000.00		9,600.00		89,600.00		640,000.00		176.00
4012010		20001401	AZUSA UNIVERS		45,000.00		5,970.00		50,970.00		398,000.00		109.45
4012010		20003001	CASE WESTERN		120,000.00		13,575.00		133,575.00		1,021,700.00		280.97
4012010		20004001	COLL.OF ST. T		35,000.00		4,425.00		39,425.00		295,000.00		81.13
4012010		20004401	R.I. JR. COLL		10,000.00		2,940.00		12,940.00		196,000.00		53.90
4012010		20012101	MIDDLEBURY CO		45,000.00		8,250.00		53,250.00		550,000.00		151.25
4012010		20012901	MONTEREY JR C		—		2,325.00		2,325.00		155,000.00		42.63
4012010		20013501	NEW ENGLAND C		—		2,138.75		2,138.75		117,999.99		32.45
4012010		20013502	NEW ENGLAND C		50,000.00		8,475.00		58,475.00		565,000.00		155.38
4012010		20018001	ST.EDWARDS		16,000.00		1,178.13		17,178.13		65,000.00		17.88
4072010		20018701	SUOMI COLLEGE		8,298.76		5,776.76		14,075.52		1,916,713.44		87.85
4012010		20019101	TAYLOR UNIV.		—		900.00		900.00		60,000.00		16.50
4012010		20021701	UNIV. OF NOTR		90,000.00		13,950.00		103,950.00		930,000.00		255.75
4012010		20022601	UNIV.OF STEUB		24,000.00		1,282.50		25,282.50		76,000.00		20.90
4012010		20022602	UNIV.OF STEUB		18,000.00		2,490.00		20,490.00		166,000.00		45.65
4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		434.50
			TOTALS:		609,298.76		115,376.14		724,674.90		9,292,413.43		2,116.19
4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00		(434.50	)
													1,681.69
May
5012010		20001201	ATLANTIC UNIO		3,948.30		2,042.14		5,990.44		136,142.71		37.44
5012010		20002801	CARNEGIE-MELL		18,000.00		4,530.00		22,530.00		302,000.00		83.05
5012010		20006502	FAIRLEIGH DIC		2,605.16		1,009.66		3,614.82		67,311.12		18.51
5012010		20008301	HARCUM JR COL		—		4,350.00		4,350.00		290,000.00		79.75
5012010		20013301	MORRIS COLLEG		—		4,485.00		4,485.00		299,000.00		82.23
5012010		20016401	CALIFORNIA ST		—		3,675.00		3,675.00		245,000.00		67.38
5012010		20016501	CALIFORNIA ST		—		7,575.00		7,575.00		505,000.00		138.88
5012010		20016601	SARAH LAWRENC		25,049.91		10,229.83		35,279.74		681,987.75		187.55
5072010		20018701	SUOMI COLLEGE		8,509.31		5,566.21		14,075.52		1,908,414.68		87.47
5012010		20018901	SWARTHMORE CO		5,042.78		723.08		5,765.86		48,205.36		13.26
5012010		20019201	TEMPLE UNIV.		—		2,750.63		2,750.63		163,000.00		44.83
5012010		20020001	UNIV. OF ALAB		80,000.00		16,740.00		96,740.00		1,116,000.00		306.90
5012010		20021301	UNIV OF MONTE		10,000.00		2,460.00		12,460.00		164,000.00		45.10
5012010		20023501	WSTRN MARYLAN		—		9,150.00		9,150.00		610,000.00		167.75
			TOTALS:		153,155.46		75,286.55		228,442.01		6,536,061.62		1,360.10
													1,360.10
June
6302010		20002401	BOSTON UNIVER		17,740.71		8,386.21		26,126.92		559,080.71		153.75
6012010		20010801	LONG ISLAND U		35,000.00		4,200.00		39,200.00		286,194.23		78.70
6012010		20013001	MONTREAT—ANDE		2,800.00		882.00		3,682.00		58,800.00		16.17
6012010		20014401	DOMNION UNIV.		160,000.00		9,975.00		169,975.00		664,999.99		182.87
6072010		20018701	SUOMI COLLEGE		8,349.42		5,726.10		14,075.52		1,899,905.37		87.08
			TOTALS:		223,890.13		29,169.31		253,059.44		3,468,980.30		518.57

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Quarter Ended June 30, 2010

Loan

Principal

Interest

Principal

Service

Date Due

Number

Borrower Name

Due

Due

Total Due

Balance

Fees

518.57

TOTALS FOR QTR

986,344.35

219,832.00

1,206,176.35

19,297,455.35

3,560.36

Berkadia Commercial Mortgage
College and University Loan Trust I
Paid In Full Loan Schedule
For the Quarter Ended June 30, 2010

Loan			Total		Principal
Number	Payoff Date		Amount		Amount		Interest Amount		Other Fees		Maturity Date
20021603		6/9/2010		668,250.00		660,000.00		8,250.00				1012018
Totals				668,250.00		660,000.00		8,250.00		—

* Please note that service fees have not yet been deducted.

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Quarter Ended June 30, 2010

		Total Amount
Loan Number	Payoff Date	Paid		Principal Amount		Interest Amount
None to report for this period
						—
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended June 30, 2010

		Interest				Maturity
Loan Number	Borrower Name	Rate		Current UPB		Date
April
20000101	ALBION COLLEGE		3		560,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY — 1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		559,080.71		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		284,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		901,700.00		4012016
20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		67,311.12		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		284,799.98		6012016
20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		58,800.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,908,414.68		8062014
20018901	SWARTHMORE COLLEGE		3		48,205.36		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,116,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		164,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		39,000.00		1012013
20021603	UNIVERSITY OF NORTH CAROLINA		3		660,000.00		1012018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
	TOTALS:				17,170,444.07
May
20000101	ALBION COLLEGE		3		560,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY — 1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		559,080.71		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		284,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016

Page 9 of 14

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended June 30, 2010

Loan		Interest				Maturity
Number	Borrower Name	Rate		Current UPB		Date
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		64,705.96		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		284,799.98		6012016
20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		58,800.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		664,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,899,905.37		8062014
20018901	SWARTHMORE COLLEGE		3		43,162.58		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		39,000.00		1012013
20021603	UNIVERSITY OF NORTH CAROLINA		3		660,000.00		1012018
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
	TOTALS:				16,947,586.82
June
20000101	ALBION COLLEGE		3		560,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY — 1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		541,340.00		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		284,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		434,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		64,705.96		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		251,194.23		6012016
20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT — ANDERSON COLLEGE		3		56,000.00		12012019

Page 10 of 14

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended June 30, 2010

Loan		Interest				Maturity
Number	Borrower Name	Rate		Current UPB		Date
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,891,555.95		8062014
20018901	SWARTHMORE COLLEGE		3		43,162.58		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		39,000.00		1012013
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
					16,065,090.94

Page 11 of 14

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
For the Quarter Ended June 30, 2010

		Next
Loan		Payment
Number	Borrower Name	Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,199.99		19,999.99
20022701	UNIV OF VERMONT		20090401		277,145.00		1,715,000.00
TOTAL					298,344.99		1,734,999.99

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
For the Quarter Ended June 30, 2010

None to report for this period

Berkadia Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Quarter Ended September 30, 2010

	July			August			September
Collections:
Principal Payments		73,558.48			8,400.37			29,619.92
Interest Payments		12,612.04			5,675.15			28,146.40
Total Principal and Interest Collections		86,170.52			14,075.52			57,766.32
Payments and Reversals Posted to Suspense		—			—			—
Total Collections		86,170.52			14,075.52			57,766.32
Less: Servicing Fees (not withheld from remittances)		(398.28	)		(86.30	)		(356.25	)
Net Collections		85,772.24			13,989.22			57,410.07

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Quarter Ended September 30, 2010

	Loan	Borrower	Principal						Principal
Date Due	Number	Name	Due		Interest Due		Total Due		Balance		Service Fees
July
7012010	20003901	COLL. OF CHAR		59,000.00		6,510.00		65,510.00		434,000.00		119.35
7072010	20018701	SUOMI COLLEGE		8,558.48		5,517.04		14,075.52		1,891,555.95		86.70
7012010	20021401	U OF NEBRASKA		6,000.00		585.00		6,585.00		39,000.00		10.73
7012010	20021603	NORTH CAROLIN		—		9,900.00		9,900.00		660,000.00		181.50
		TOTALS:		73,558.48		22,512.04		96,070.52		3,024,555.95		398.28
												398.28
August
8072010	20018701	SUOMI COLLEGE		8,400.37		5,675.15		14,075.52		1,882,997.47		86.30
		TOTALS:		8,400.37		5,675.15		14,075.52		1,882,997.47		86.30
												86.30
September
9072010	20018701	SUOMI COLLEGE		8,425.69		5,649.83		14,075.52		1,874,597.10		85.92
9012010	20019502	TEXAS TECH UN		0.00		3,226.25		3,226.25		178,000.00		48.95
9012010	20019504	TEXAS TECH UN		0.00		13,584.38		13,584.38		805,000.00		221.38
		TOTALS:		8,425.69		22,460.46		30,886.15		2,857,597.10		356.25
												356.25
	TOTALS FOR QTR			90,384.54		50,647.65		141,032.19		7,765,150.52		840.83

Berkadia Commercial Mortgage
College and University Loan Trust I
Paid In Full Loan Schedule
For the Quarter Ended September 30, 2010

		Total		Principal		Interest
Loan Number	Payoff Date	Amount		Amount		Amount		Other Fees		Maturity Date
None to report for this period
Totals			—		—		—		—

* Please note that service fees have not yet been deducted.

Berkadia Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Quarter Ended September 30, 2010

		Total Amount
Loan Number	Payoff Date	Paid		Principal Amount		Interest Amount
None to report for this period
							—
	TOTAL:		—		—		—

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended September 30, 2010

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
July
20000101	ALBION COLLEGE		3		560,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		541,340.00		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		284,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		64,705.96		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		251,194.23		6012016
20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		56,000.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,882,997.47		8062014
20018901	SWARTHMORE COLLEGE		3		43,162.58		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
	TOTALS:				15,991,532.46
August
20000101	ALBION COLLEGE		3		560,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		541,340.00		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		284,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017

Page 7 of 12

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended September 30, 2010

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		64,705.96		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		251,194.23		6012016
20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		155,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		56,000.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,874,597.10		8062014
20018901	SWARTHMORE COLLEGE		3		43,162.58		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
	TOTALS:				15,983,132.09
September
20000101	ALBION COLLEGE		3		560,000.00		10012015
20001201	ATLANTIC UNION COLLEGE		3		132,194.41		5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		3		560,000.00		4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		3		353,000.00		4012017
20002401	BOSTON UNIVERITY		3		541,340.00		12312022
20002801	CARNEGIE MELLON UNIVERSITY		3		284,000.00		11012017
20003001	CASE WESTERN RESERVE UNIVERSIT		3		785,000.00		4012016
20003901	COLLEGE OF CHARLESTON		3		375,000.00		7012016
20004001	COLLEGE OF ST. THOMAS		3		260,000.00		4012017
20004401	R.I. JR. COLLEGE		3		186,000.00		4012018
20006502	FAIRLEIGH DICKINSON UNIVERSITY		3		64,705.96		11012020
20008301	HARCUM COLLEGE		3		290,000.00		11012015
20010801	LONG ISLAND UNIVERSITY		3		245,000.00		6012016
20012101	MIDDLEBURY COLLEGE		3		505,000.00		4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE		3		19,999.99		7012008
20012901	MONTEREY PENINSULA JR. COLLEGE		3		140,000.00		10012018
20013001	MONTREAT-ANDERSON COLLEGE		3		56,000.00		12012019
20013301	MORRIS COLLEGE — BONDS 1983		3		299,000.00		11012013
20013501	NEW ENGLAND COLLEGE		3.625		117,999.99		10012013

Page 8 of 12

Berkadia Commercial Mortgage
College and University Loan Trust I
Trial Balance
For the Quarter Ended September 30, 2010

		Interest
Loan Number	Borrower Name	Rate		Current UPB		Maturity Date
20013502	NEW ENGLAND COLLEGE		3		515,000.00		4012019
20014401	OLD DOMINION UNIVERSITY		3		504,999.99		6012013
20016401	CALIFORNIA STATE UNIVERSITY		3		245,000.00		11012021
20016501	CALIFORNIA STATE UNIVERSITY		3		505,000.00		11012021
20016601	SARAH LAWRENCE COLLEGE		3		656,937.84		11012021
20018001	ST.EDWARDS UNIVERSITY		3.625		49,000.00		4012013
20018701	FINLANDIA UNIVERSITY		3.5		1,866,171.41		8062014
20018901	SWARTHMORE COLLEGE		3		43,162.58		11012013
20019101	TAYLOR UNIVERISTY		3		60,000.00		10012010
20019201	TEMPLE UNIVERSITY		3.375		163,000.00		11012014
20019502	TEXAS TECH. UNIVERSITY		3.625		178,000.00		3012013
20019504	TEXAS TECH. UNIVERSITY		3.375		805,000.00		3012012
20020001	UNIVERSITY OF ALABAMA		3		1,036,000.00		5012021
20021301	UNIVERSITY OF MONTEVALLO		3		154,000.00		5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		3		33,000.00		1012013
20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		3		840,000.00		4012018
20022601	UNIVERSITY OF STEUBENVILLE		3.375		52,000.00		4012012
20022602	UNIVERSITY OF STEUBENVILLE		3		148,000.00		4012017
20022701	UNIVERSITY OF VERMONT		3		1,715,000.00		10012019
20023501	McDANIEL COLLEGE		3		610,000.00		11012016
					15,953,512.17

Page 9 of 12

Berkadia Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
For the Quarter Ended September 30, 2010

Loan		Next
Number	Borrower Name	Payment Due		P and I Due		Current UPB
20012401	MISSISSIPPI VALLEY ST. COLLEGE		20070701		21,499.99		19,999.99
20022701	UNIV OF VERMONT		20090401		277,145.00		1,715,000.00
TOTAL					298,644.99		1,734,999.99

Berkadia Commercial Mortgage
College and University Loan Trust I
Liquidation Report
For the Quarter Ended September 30, 2010

None to report for this period

Capmark Finance, Inc.
College and University Loan Trust I
Remittance Report for December 2009

																												ACH Debits
			Loan									Principal		Principal		Interest						Net System		Total Bank				and Other
Date Received	Date Due		Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Paid		Paid		Suspense		Total Paid		Credits		Credits		Trust Wires		Wires
20091201		6012009		20010801	LONG ISLAND UNIVERSITY										4,200.00		—		—		4,200.00
20091201		12012009		20010801	LONG ISLAND UNIVERSITY		—		4,200.00		4,200.00		284,799.98		—		2,805.75		—		2,805.75
20091201		12012009		20014401	OLD DOMINION UNIVERSITY		—		9,975.00		9,975.00		664,999.99		—		9,975.00		—		9,975.00
System Credits 12/1																							16,980.75
System Debits 12/1
Bank Credit 11/2
Bank Debit 11/3
Trustee Wire 11/3
20091207		12072009		20018701	FINLANDIA UNIVERSITY		8,386.84		5,688.68		14,075.52		1,950,403.81		8,386.84		5,688.68		—		14,075.52
System Credits 12/7																							14,075.52
System Debits 12/7																							—
Bank Credit 12/4																									16,980.75
Bank Debit 12/15 (overdraft recovery)																													225.00
Trustee Wire 12/4																											16,755.75
20091215		5012010		20001201	ATLANTIC UNION COLLEGE										3,948.30		2,042.14		—		5,990.44
System Credits 12/15																							5,990.44
System Debits 12/15																							—
Bank Credit 12/10																									14,075.52
Bank Debit 12/10
Trustee Wire 12/10																											14,075.52
20091224		12012009		20013001	MONTREAT-ANDERSON COLLEGE		2,600.00		921.00		3,521.00		61,400.00		2,600.00		921.00		—		3,521.00
System Credits 12/24																							3,521.00
System Debits 12/24																							—
Bank Credit 12/18																									5,990.44
Bank Debit 12/22 (service & Inspection fees)																													1,962.53
Trustee Wire 12/18																											4,027.91
20091230		12302009		20002401	BOSTON UNIVERITY		17,478.53		8,648.39		26,126.92		576,559.24		17,478.53		8,648.39		—		26,126.92
System Credits 12/30																							26,126.92
System Debits 12/30
Bank Credit 12/30																									3,521.00
Bank Debit 12/30
Trustee Wire 12/30																											3,521.00
					TOTALS:		28,465.37		29,433.07		57,898.44		3,538,163.02		36,613.67		30,080.96		—		66,694.63		66,694.63		40,567.71		38,380.18		2,187.53
Loans Due in Current Period and Paid in Prior Period:
					TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
					TOTALS:		—		—		—		—
					GRAND TOTAL:		28,465.37		29,433.07		57,898.44		3,538,163.02

Capmark Finance, Inc.
College and University Loan Trust I
Remittance Report Reconciliation
December-09

Total System Credits @ 12/31		66,694.63
Total Bank Credits @ 12/31		40,567.71
11/30/09          overdraft funding		225.00
12/15/09          overdraft recovery		(225.00	)
12/30/09          in transit		26,126.92
Adjusted Bank Credits:		66,694.63
	—

Capmark Finance, Inc.
College and University Loan Trust I
Remittance Report Reconciliation
December-09

Total Bank Credits @ 12/31		40,567.71
Total Debits to Trustee @ 12/31		38,380.18
12/15/09          overdraft recovery		225.00
12/22/09          Inspection Fee		500.00
12/22/09          Service Fee		1,462.53
Adjusted Debits to Trustee		40,567.71
	—

Capmark Finance, Inc.
College and University Loan Trust I
Remittance Report for January 2010

																													ACH Debits
				Loan			Principal		Interest		Total		Principal		Principal		Interest				Total		Net System		Total Bank		Trust		and Other
Date Received		Date Due		Number		Borrower Name	Due		Due		Due		Balance		Paid		Paid		Suspense		Paid		Credits		Credits		Wires		Wires
	20100104		1012010		20021603	UNIVERSITY OF NORTH CAROLINA		75,000.00		11,025.00		86,025.00		735,000.00		75,000.00		11,025.00		—		86,025.00
System Credits 1/4																								86,025.00
System Debits 1/4
Bank Credit 1/4																										26,126.92
Bank Debit 1/4
Trustee Wire 1/4																												26,126.92
	20100105		1012010		20003901	COLLEGE OF CHARLESTON		—		6,510.00		6,510.00		434,000.00		—		6,510.00		—		6,510.00
	20100105		1012010		20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		5,000.00		660.00		5,660.00		44,000.00		5,000.00		660.00		—		5,660.00
System Credits 1/5																								12,170.00
System Debits 1/5																								—
Bank Credit 1/6																										86,025.00
Bank Debit 1/6
Trustee Wire 1/6																												86,025.00
	20100107		1072010		20018701	FINLANDIA UNIVERSITY		8,222.50		5,853.02		14,075.52		1,942,016.97		8,222.50		5,853.02		—		14,075.52
System Credits 1/7																								14,075.52
System Debits 1/7																								—
Bank Credit 1/7																										12,170.00
Bank Debit 1/7
Trustee Wire 1/7																												12,170.00
System Credits 12/24																								—
System Debits 12/24																								—
Bank Credit 1/11																										14,075.52
Bank Debit 1/13 (service fee)																														807.89
Trustee Wire 1/11																												13,267.63
						TOTALS:		88,222.50		24,048.02		112,270.52		3,155,016.97		88,222.50		24,048.02		—		112,270.52		112,270.52		138,397.44		137,589.55		807.89
Loans Due in Current Period and Paid in Prior Period:
						TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
			1012010		20012401	MISSISSIPPI V		—		300.00		300.00		—
						TOTALS:		—		300.00		300.00		—
						GRAND TOTAL:		88,222.50		24,348.02		112,570.52		3,155,016.97

Capmark Finance, Inc.
College and University Loan Trust I
Remittance Report Reconciliation
January-10

Total System Credits @ 1/31	112,270.52
Total Bank Credits @ 1/31	138,397.44
12/30/09          in transit	(26,126.92	)
Adjusted Bank Credits:	112,270.52
	—

Capmark Finance, Inc.
College and University Loan Trust I
Remittance Report Reconciliation
January-10

Total Bank Credits @ 1/31	138,397.44
Total Debits to Trustee @ 1/31	137,589.55
01/13/10          Service Fee	807.89
Adjusted Debits to Trustee	138,397.44
	—

Capmark Finance, Inc.
College and University Loan Trust I
Remittance Report for January 2010

	Loan
Date Received	Number		Borrower Name	Total Paid
1/4/2010		20021603	UNIVERSITY OF NORTH CAROLINA		(75,000.00	)
1/4/2010		21021603	UNIVERSITY OF NORTH CAROLINA		(11,025.00	)
1/4/2010		23000003	UNIVERSITY OF NORTH CAROLINA		86,025.00
1/5/2010		20003901	COLLEGE OF CHARLESTON		—
1/5/2010		20021401	UNIV.OF NEBRASKA/ AG MENS CLUB		(5,000.00	)
1/5/2010		21003901	COLLEGE OF CHARLESTON		(6,510.00	)
1/5/2010		21021401	UNIV.OF NEBRASKA/ AG MENS CLUB		(660.00	)
1/5/2010		23000003	COLLEGE OF CHARLESTON		6,510.00
1/5/2010		23000003	UNIV.OF NEBRASKA/ AG MENS CLUB		5,660.00
1/7/2010		20018701	FINLANDIA UNIVERSITY		(8,222.50	)
1/7/2010		21018701	FINLANDIA UNIVERSITY		(5,853.02	)
1/7/2010		23000003	FINLANDIA UNIVERSITY		14,075.52
1/11/2010		23000001			13,267.63
1/11/2010		23000003			(13,267.63	)
1/4/2010		23000001			26,126.92
1/4/2010		23000003			(26,126.92	)
1/6/2010		23000001			86,025.00
1/6/2010		23000003			(86,025.00	)
1/7/2010		23000001			12,170.00
1/7/2010		23000003			(12,170.00	)

Capmark Finance, Inc.
College and University Loan Trust I
Remittance Report for February 2010

																												ACH Debits
			Loan									Principal		Principal		Interest						Net System		Total Bank				and Other
Date Received	Date Due		Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Paid		Paid		Suspense		Total Paid		Credits		Credits		Trust Wires		Wires
20100201		0		20002501	WILLIAM JENNINGS BRYAN COLLEGE		11,000.00		165.00		11,165.00		11,000.00		11,000.00		165.00		—		11,165.00
System Credits 2/1																							11,165.00
System Debits 2/1
Bank Credit 1/4
Bank Debit 1/4
Trustee Wire 1/4
20100208		2072010		20018701	FINLANDIA UNIVERSITY		8,247.28		5,828.24		14,075.52		1,933,794.47		8,247.28		5,828.24		—		14,075.52
																				—
System Credits 2/8																							14,075.52
System Debits 2/8																							—
Bank Credit 2/3																									11,165.00
Bank Debit 2/5 (service fees)																													422.59
Trustee Wire 2/3																											10,742.41
																				—
System Credits 2/9																							—
System Debits 2/9																							—
Bank Credit 2/10																									14,075.52
Bank Debit 2/10
Trustee Wire 2/10																											14,075.52
					TOTALS:		19,247.28		5,993.24		25,240.52		1,944,794.47		19,247.28		5,993.24		—		25,240.52		25,240.52		25,240.52		24,817.93		422.59
Loans Due in Current Period and Paid in Prior Period:
					TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
					TOTALS:		—		—		—		—
					GRAND TOTAL:		19,247.28		5,993.24		25,240.52		1,944,794.47

Capmark Finance, Inc.
College and University Loan Trust I
Remittance Report Reconciliation
February-10

Total System Credits @ 2/28	25,240.52
Total Bank Credits @ 2/28	25,240.52
Adjusted Bank Credits:	25,240.52
	—

Capmark Finance, Inc.
College and University Loan Trust I
Remittance Report Reconciliation
February-10

Total Bank Credits @ 2/28		25,240.52
Total Debits to Trustee @ 2/28		24,817.93
02/05/10          Service Fee		422.59
Adjusted Debits to Trustee		25,240.52
	—

Capmark Finance, Inc.
College and University Loan Trust I
Remittance Report for February 2010

				Principal		Interest
Date Received	Loan Number		Borrower Name	Paid		Paid		Total Paid
20100201		20002501	WILLIAM JENNINGS BRYAN COLLEGE		11,000.00		165.00		(11,000.00	)
20100201		20002501	WILLIAM JENNINGS BRYAN COLLEGE		11,000.00		165.00		(165.00	)
20100201		20002501	WILLIAM JENNINGS BRYAN COLLEGE		11,000.00		165.00		11,165.00
20100208		20018701	FINLANDIA UNIVERSITY		8,247.28		5,828.24		(8,247.28	)
20100208		20018701	FINLANDIA UNIVERSITY		8,247.28		5,828.24		(5,828.24	)
20100208		20018701	FINLANDIA UNIVERSITY		8,247.28		5,828.24		14,075.52
2/10/2010		23000001							14,075.52
2/10/2010		23000003							(14,075.52	)
2/3/2010		23000001							10,742.41
2/3/2010		23000003							(10,742.41	)

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for March 2010

																							Net		Total				ACH
		Date		Loan			Principal		Interest		Total		Principal		Principal		Interest				Total		System		Bank		Trust		Debits and
Date Received		Due		Number		Borrower Name	Due		Due		Due		Balance		Paid		Paid		Suspense		Paid		Credits		Credits		Wires		Other Wires
	20100301		3012010		20019502	TEXAS TECH. UNIVERSITY		55,000.00		4,223.13		59,223.13		233,000.00		55,000.00		4,223.13		—		59,223.13
	20100301		3012010		20019504	TEXAS TECH. UNIVERSITY		425,000.00		20,756.25		445,756.25		1,230,000.00		425,000.00		20,756.25		—		445,756.25
System Credits 3/1																								504,979.38
System Debits 3/1
Bank Credit 3/1
Bank Debit 3/1
Trustee Wire 3/1
	20100302		3012010		20000902	ANDERSON COLLEGE		25,000.00		375.00		25,375.00		25,000.00		25,000.00		375.00		—		25,375.00
System Credits 3/2																								25,375.00
System Debits 3/2																								—
Bank Credit 3/3																										504,979.38
Bank Debit 3/8 (service fees)																														91.66
Trustee Wire 3/3																												504,887.72
	20100308		3072010		20018701	FINLANDIA UNIVERSITY		8,833.75		5,241.77		14,075.52		1,925,547.19		8,833.75		5,241.77		—		14,075.52
System Credits 3/8																								14,075.52
System Debits 3/8																								—
Bank Credit 3/4																										25,375.00
Bank Debit 3/4
Trustee Wire 3/4																												25,375.00
	20100329		4012010		20012901	MONTEREY PENINSULA JR. COLLEGE										—		2,325.00		—		2,325.00
System Credits 3/29																								2,325.00
System Debits 3/29																								—
Bank Credit 3/10																										14,075.52
Bank Debit 3/10
Trustee Wire 3/10																												14,075.52
																						—
System Credits 3/31																								—
System Debits 3/31
Bank Credit 3/31																										2,325.00
Bank Debit 3/31
Trustee Wire 3/31																												2,325.00
						TOTALS:		513,833.75		30,596.15		544,429.90		3,413,547.19		513,833.75		32,921.15		—		546,754.90		546,754.90		546,754.90		546,663.24		91.66
Loans Due in Current Period and Paid in Prior Period:
						TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
						TOTALS:		—		—		—		—
						GRAND TOTAL:		513,833.75		30,596.15		544,429.90		3,413,547.19

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
March-10

Total System Credits @ 3/31	#REF!
Total Bank Credits @ 3/31	#REF!
Adjusted Bank Credits:	#REF!
	#REF!

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
March-10

Total Bank Credits @ 3/31	#REF!
Total Debits to Trustee @ 3/31	#REF!
03/08/10      Service Fee		91.66
Adjusted Debits to Trustee	#REF!
	#REF!

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for March 2010

					Principal		Interest
Date Received		Loan Number		Borrower Name	Paid		Paid		Total Paid			Trust Wires
	3/1/2010		20019502	TEXAS TECH. UNIVERSITY		55,000.00		4,223.13		(55,000.00	)
	3/1/2010		20019504	TEXAS TECH. UNIVERSITY		425,000.00		20,756.25		(425,000.00	)
	3/1/2010		21019502	TEXAS TECH. UNIVERSITY		55,000.00		4,223.13		(4,223.13	)
	3/1/2010		21019504	TEXAS TECH. UNIVERSITY		425,000.00		20,756.25		(20,756.25	)
	3/1/2010		23000003	TEXAS TECH. UNIVERSITY		55,000.00		4,223.13		59,223.13
	3/1/2010		23000003	TEXAS TECH. UNIVERSITY		425,000.00		20,756.25		445,756.25
	3/2/2010		20000902	ANDERSON COLLEGE		25,000.00		375.00		(25,000.00	)
	3/2/2010		21000902	ANDERSON COLLEGE		25,000.00		375.00		(375.00	)
	3/2/2010		23000003	ANDERSON COLLEGE		25,000.00		375.00		25,375.00
	3/8/2010		20018701	FINLANDIA UNIVERSITY		8,833.75		5,241.77		(8,833.75	)
	3/8/2010		21018701	FINLANDIA UNIVERSITY		8,833.75		5,241.77		(5,241.77	)
	3/8/2010		23000003	FINLANDIA UNIVERSITY		8,833.75		5,241.77		14,075.52
	3/29/2010		20012901	MONTEREY PENINSULA JR. COLLEGE		—		2,325.00		—
	3/29/2010		21012901	MONTEREY PENINSULA JR. COLLEGE		—		2,325.00		(2,325.00	)
	3/29/2010		23000003	MONTEREY PENINSULA JR. COLLEGE		—		2,325.00		2,325.00
	3/10/2010		23000001	Wire						14,075.52
	3/10/2010		23000003	Wire						(14,075.52	)
	3/3/2010		23000001	Wire						504,887.72
	3/3/2010		23000003	Wire						(504,887.72	)
	3/31/2010		23000001	Wire						2,325.00
	3/31/2010		23000003	Wire						(2,325.00	)
	3/4/2010		23000001	Wire						25,375.00
	3/4/2010		23000003	Wire						(25,375.00	)

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report for April 2010

																															ACH Debits
			Loan									Principal		Principal										Net System			Total Bank				and Other
Date Received		Date Due	Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Paid		Interest Paid		Suspense			Total Paid			Credits			Credits		Trust Wires		Wires
	20100401	4012010		20000101	ALBION COLLEGE		—		8,400.00		8,400.00		560,000.00		—		8,400.00		—			8,400.00
	20100401	4012010		20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		80,000.00		9,600.00		89,600.00		640,000.00		80,000.00		9,600.00		—			89,600.00
	20100401	4012010		20004001	COLLEGE OF ST. THOMAS		35,000.00		4,425.00		39,425.00		295,000.00		35,000.00		4,425.00		—			39,425.00
	20100401	4012010		20004401	R.I. JR. COLLEGE		10,000.00		2,940.00		12,940.00		196,000.00		10,000.00		2,940.00		—			12,940.00
	20100401	4012010		20012101	MIDDLEBURY COLLEGE		45,000.00		8,250.00		53,250.00		550,000.00		45,000.00		8,250.00		—			53,250.00
	20100401	4012010		20013501	NEW ENGLAND COLLEGE		—		2,138.75		2,138.75		117,999.99		—		2,138.75		—			2,138.75
	20100401	4012010		20013502	NEW ENGLAND COLLEGE		50,000.00		8,475.00		58,475.00		565,000.00		50,000.00		8,475.00		—			58,475.00
	20100401	4012010		20018001	ST.EDWARDS UNIVERSITY		16,000.00		1,178.13		17,178.13		65,000.00		16,000.00		1,178.09		—			17,178.09
	20100401	0		20018001	ST.EDWARDS UNIVERSITY										—		—		0.04			0.04
	20100401	4012010		20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		90,000.00		13,950.00		103,950.00		930,000.00		90,000.00		13,950.00		—			103,950.00
	20100401	4012010		20022601	UNIVERSITY OF STEUBENVILLE		24,000.00		1,282.50		25,282.50		76,000.00		24,000.00		1,282.50		—			25,282.50
	20100401	4012010		20022602	UNIVERSITY OF STEUBENVILLE		18,000.00		2,490.00		20,490.00		166,000.00		18,000.00		2,490.00		—			20,490.00
System Credits 4/1																									431,129.38
System Debits 4/1
Bank Credit 4/1
Bank Debit 4/1
Trustee Wire 4/1
	20100405	4012010		20003001	CASE WESTERN RESERVE UNIVERSITY		120,000.00		13,575.00		133,575.00		1,021,700.00		3,300.00		11,925.00		—			15,225.00
	20100405	0		20018001	ST.EDWARDS UNIVERSITY										—		—		(0.04	)		(0.04	)
	20100405	10012010		20018001	ST.EDWARDS UNIVERSITY										—		0.04		—			0.04
System Credits 4/5																									15,225.04
System Debits 4/5																									(0.04	)
Bank Credit 4/5																												431,129.38
Bank Debit 4/5
Trustee Wire 4/6																														431,129.38
	20100407	4072010		20018701	FINLANDIA UNIVERSITY		8,298.76		5,776.76		14,075.52		1,916,713.44		8,298.76		5,776.76		—			14,075.52
System Credits 4//7																									14,075.52
System Debits 4/7																									—
Bank Credit 4/7																												15,225.00
Bank Debit 4/7
Trustee Wire 4/7																														15,225.00
	20100408	4012010		20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		45,000.00		5,970.00		50,970.00		398,000.00		45,000.00		5,970.00		—			50,970.00
	20100408	4012010		20019101	TAYLOR UNIVERISTY		—		900.00		900.00		60,000.00		—		900.00		—			900.00
System Credits 4/8																									51,870.00
System Debits 4/8																									—
Bank Credit 4/9																												14,075.52
Bank Debit 4/19 (service fee)																																497.46
Trustee Wire 4/9																														13,578.06
	20100423	5012010		20002801	CARNEGIE MELLON UNIVERSITY										18,000.00		4,530.00					22,530.00
System Credits 4/23																									22,530.00
System Debits 4/23
Bank Credit 4/12																												51,870.00
Bank Debit 4/12
Trustee Wire 4/12																														51,870.00
	20100429	5012010		20016601	SARAH LAWRENCE COLLEGE										25,049.91		10,229.83		—			35,279.74
System Credits 4/29																									35,279.74
System Debits 4/29
Bank Credit 4/27																												22,530.00
Bank Debit 4/27
Trustee Wire 4/27																														22,530.00
					TOTALS:		541,298.76		89,351.14		630,649.90		7,557,413.43		467,648.67		102,460.97		—			570,109.64			570,109.64			534,829.90		534,332.44		497.46
Loans Due in Current Period and Paid in Prior Period:
		4012010		20012901	MONTEREY JR C		—		2,325.00		2,325.00		155,000.00
					TOTALS:		—		2,325.00		2,325.00		155,000.00
Loans Due in Current Period Not Yet Paid:
		4012010		20022701	UNIV OF VERMO		68,000.00		23,700.00		91,700.00		1,580,000.00
					TOTALS:		68,000.00		23,700.00		91,700.00		1,580,000.00
					GRAND TOTAL:		609,298.76		115,376.14		724,674.90		9,292,413.43
									1,500.00

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
April-10

Total System Credits @ 4/30	570,109.64
Total Bank Credits @ 4/30	534,829.90
04/29/10          in transit	35,279.74
Adjusted Bank Credits:	570,109.64
	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
April-10

Total Bank Credits @ 4/30	534,829.90
Total Debits to Trustee @ 4/30	534,332.44
04/19/10          Service Fee	497.46
Adjusted Debits to Trustee	534,829.90
	(0.00	)

	Loan			Principal
Date Received	Number		Borrower Name	Paid		Interest Paid		Suspense			Total Paid
4/1/2010		20000101	ALBION COLLEGE		—		8,400.00		—			—
4/1/2010		20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		80,000.00		9,600.00		—			(80,000.00	)
4/1/2010		20004001	COLLEGE OF ST. THOMAS		35,000.00		4,425.00		—			(35,000.00	)
4/1/2010		20004401	R.I. JR. COLLEGE		10,000.00		2,940.00		—			(10,000.00	)
4/1/2010		20012101	MIDDLEBURY COLLEGE		45,000.00		8,250.00		—			(45,000.00	)
4/1/2010		20013501	NEW ENGLAND COLLEGE		—		2,138.75		—			—
4/1/2010		20013502	NEW ENGLAND COLLEGE		50,000.00		8,475.00		—			(50,000.00	)
4/1/2010		20018001	ST.EDWARDS UNIVERSITY		16,000.00		1,178.09		—			(16,000.00	)
4/1/2010		20018001	ST.EDWARDS UNIVERSITY		—		—		0.04			—
4/1/2010		20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		90,000.00		13,950.00		—			(90,000.00	)
4/1/2010		20022601	UNIVERSITY OF STEUBENVILLE		24,000.00		1,282.50		—			(24,000.00	)
4/1/2010		20022602	UNIVERSITY OF STEUBENVILLE		18,000.00		2,490.00		—			(18,000.00	)
4/1/2010		21000101	ALBION COLLEGE		—		8,400.00		—			(8,400.00	)
4/1/2010		21001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU		80,000.00		9,600.00		—			(9,600.00	)
4/1/2010		21004001	COLLEGE OF ST. THOMAS		35,000.00		4,425.00		—			(4,425.00	)
4/1/2010		21004401	R.I. JR. COLLEGE		10,000.00		2,940.00		—			(2,940.00	)
4/1/2010		21012101	MIDDLEBURY COLLEGE		45,000.00		8,250.00		—			(8,250.00	)
4/1/2010		21013501	NEW ENGLAND COLLEGE		—		2,138.75		—			(2,138.75	)
4/1/2010		21013502	NEW ENGLAND COLLEGE		50,000.00		8,475.00		—			(8,475.00	)
4/1/2010		21018001	ST.EDWARDS UNIVERSITY		16,000.00		1,178.09		—			(1,178.09	)
4/1/2010		21018001	ST.EDWARDS UNIVERSITY		—		—		0.04			(0.04	)
4/1/2010		21021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		90,000.00		13,950.00		—			(13,950.00	)
4/1/2010		21022601	UNIVERSITY OF STEUBENVILLE		24,000.00		1,282.50		—			(1,282.50	)
4/1/2010		21022602	UNIVERSITY OF STEUBENVILLE		18,000.00		2,490.00		—			(2,490.00	)
4/1/2010		23000003	ALBION COLLEGE		—		8,400.00		—			8,400.00
4/1/2010		23000003	AUGSBURG COLLEGE ACCT# AUGS466ADSU		80,000.00		9,600.00		—			89,600.00
4/1/2010		23000003	COLLEGE OF ST. THOMAS		35,000.00		4,425.00		—			39,425.00
4/1/2010		23000003	R.I. JR. COLLEGE		10,000.00		2,940.00		—			12,940.00
4/1/2010		23000003	MIDDLEBURY COLLEGE		45,000.00		8,250.00		—			53,250.00
4/1/2010		23000003	NEW ENGLAND COLLEGE		—		2,138.75		—			2,138.75
4/1/2010		23000003	NEW ENGLAND COLLEGE		50,000.00		8,475.00		—			58,475.00
4/1/2010		23000003	ST.EDWARDS UNIVERSITY		16,000.00		1,178.09		—			17,178.09
4/1/2010		23000003	ST.EDWARDS UNIVERSITY		—		—		0.04			0.04
4/1/2010		23000003	UNIVERSITY OF NOTRE DAME — BONDS 1968		90,000.00		13,950.00		—			103,950.00
4/1/2010		23000003	UNIVERSITY OF STEUBENVILLE		24,000.00		1,282.50		—			25,282.50
4/1/2010		23000003	UNIVERSITY OF STEUBENVILLE		18,000.00		2,490.00		—			20,490.00
4/5/2010		20003001	CASE WESTERN RESERVE UNIVERSIT		3,300.00		11,925.00		—			(3,300.00	)
4/5/2010		20018001	ST.EDWARDS UNIVERSITY		—		—		(0.04	)		—
4/5/2010		20018001	ST.EDWARDS UNIVERSITY		—		0.04		—			—
4/5/2010		21003001	CASE WESTERN RESERVE UNIVERSIT		3,300.00		11,925.00		—			(11,925.00	)
4/5/2010		21018001	ST.EDWARDS UNIVERSITY		—		—		(0.04	)		0.04
4/5/2010		21018001	ST.EDWARDS UNIVERSITY		—		0.04		—			(0.04	)
4/5/2010		23000003	CASE WESTERN RESERVE UNIVERSIT		3,300.00		11,925.00		—			15,225.00
4/5/2010		23000003	ST.EDWARDS UNIVERSITY		—		—		(0.04	)		(0.04	)
4/5/2010		23000003	ST.EDWARDS UNIVERSITY		—		0.04		—			0.04
4/7/2010		20018701	FINLANDIA UNIVERSITY		8,298.76		5,776.76		—			(8,298.76	)
4/7/2010		21018701	FINLANDIA UNIVERSITY		8,298.76		5,776.76		—			(5,776.76	)
4/7/2010		23000003	FINLANDIA UNIVERSITY		8,298.76		5,776.76		—			14,075.52
4/8/2010		20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		45,000.00		5,970.00		—			(45,000.00	)
4/8/2010		20019101	TAYLOR UNIVERISTY		—		900.00		—			—
4/8/2010		21001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850		45,000.00		5,970.00		—			(5,970.00	)
4/8/2010		21019101	TAYLOR UNIVERISTY		—		900.00		—			(900.00	)
4/8/2010		23000003	AZUSA PACIFIC UNIVERSITY-1967#95-403850		45,000.00		5,970.00		—			50,970.00
4/8/2010		23000003	TAYLOR UNIVERISTY		—		900.00		—			900.00
4/23/2010		20002801	CARNEGIE MELLON UNIVERSITY		18,000.00		4,530.00					(18,000.00	)
4/23/2010		21002801	CARNEGIE MELLON UNIVERSITY		18,000.00		4,530.00					(4,530.00	)
4/23/2010		23000003	CARNEGIE MELLON UNIVERSITY		18,000.00		4,530.00					22,530.00
4/29/2010		20016601	SARAH LAWRENCE COLLEGE		25,049.91		10,229.83		—			(25,049.91	)
4/29/2010		21016601	SARAH LAWRENCE COLLEGE		25,049.91		10,229.83		—			(10,229.83	)
4/29/2010		23000003	SARAH LAWRENCE COLLEGE		25,049.91		10,229.83		—			35,279.74
4/12/2010		23000001										51,870.00
4/12/2010		23000003										(51,870.00	)
4/27/2010		23000001										22,530.00
4/27/2010		23000003										(22,530.00	)
4/6/2010		23000001										431,129.38
4/6/2010		23000003										(431,129.38	)
4/7/2010		23000001										15,225.00
4/7/2010		23000003										(15,225.00	)
4/9/2010		23000001										13,578.06
4/9/2010		23000003										(13,578.06	)

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for May 2010

																							Net		Total				ACH Debits
		Date		Loan			Principal		Interest		Total		Principal		Principal		Interest				Total		System		Bank		Trust		and Other
Date Received		Due		Number		Borrower Name	Due		Due		Due		Balance		Paid		Paid		Suspense		Paid		Credits		Credits		Wires		Wires
	20100503		5012010		20006502	FAIRLEIGH DICKINSON UNIVERSITY		2,605.16		1,009.66		3,614.82		67,311.12		2,605.16		1,009.66		—		3,614.82
	20100503		5012010		20008301	HARCUM COLLEGE		—		4,350.00		4,350.00		290,000.00		—		4,350.00		—		4,350.00
	20100503		5012010		20013301	MORRIS COLLEGE — BONDS 1983		—		4,485.00		4,485.00		299,000.00		—		4,485.00		—		4,485.00
	20100503		5012010		20016401	CALIFORNIA STATE UNIVERSITY		—		3,675.00		3,675.00		245,000.00		—		3,675.00		—		3,675.00
	20100503		5012010		20016501	CALIFORNIA STATE UNIVERSITY		—		7,575.00		7,575.00		505,000.00		—		7,575.00		—		7,575.00
	20100503		5012010		20018901	SWARTHMORE COLLEGE		5,042.78		723.08		5,765.86		48,205.36		5,042.78		723.08		—		5,765.86
	20100503		5012010		20019201	TEMPLE UNIVERSITY		—		2,750.63		2,750.63		163,000.00		—		2,750.63		—		2,750.63
	20100503		5012010		20021301	UNIVERSITY OF MONTEVALLO		10,000.00		2,460.00		12,460.00		164,000.00		7,540.00		2,460.00		—		10,000.00
	20100503		5012010		20023501	McDANIEL COLLEGE		—		9,150.00		9,150.00		610,000.00		—		9,150.00		—		9,150.00
System Credits 5/3																								51,366.31
System Debits 5/3
Bank Credit 5/3																										35,279.74
Bank Debit 5/3
Trustee Wire 5/3																												35,279.74
	20100504		5012010		20021301	UNIVERSITY OF MONTEVALLO										2,460.00		—		—		2,460.00
System Credits 5/4																								2,460.00
System Debits 5/4																								—
Bank Credit 5/5																										51,366.31
Bank Debit 5/10 (service fees)																														1,681.69
Trustee Wire 5/5																												49,684.62
	20100507		5072010		20018701	FINLANDIA UNIVERSITY		8,509.31		5,566.21		14,075.52		1,908,414.68		8,509.31		5,566.21		—		14,075.52
System Credits 5/7																								14,075.52
System Debits 5/7																								—
Bank Credit 5/6																										2,460.00
Bank Debit 5/6
Trustee Wire 5/6																												2,460.00
	20100511		5012010		20020001	UNIVERSITY OF ALABAMA		80,000.00		16,740.00		96,740.00		1,116,000.00		80,000.00		16,740.00		—		96,740.00
System Credits 5/11																								96,740.00
System Debits 5/11																								—
Bank Credit 5/11																										14,075.52
Bank Debit 5/11
Trustee Wire 5/11																												14,075.52
	20100528		4012010		20003001	CASE WESTERN RESERVE UNIVERSITY										116,700.00		—		—		116,700.00
System Credits 5/28																								116,700.00
System Debits 5/28
Bank Credit 5/13																										96,740.00
Bank Debit 5/13
Trustee Wire 5/13																												96,740.00
						TOTALS:		106,157.25		58,484.58		164,641.83		5,415,931.16		222,857.25		58,484.58		—		281,341.83		281,341.83		199,921.57		198,239.88		1,681.69
Loans Due in Current Period and Paid in Prior Period:
			5012010		20001201	ATLANTIC UNIO		3,948.30		2,042.14		5,990.44		136,142.71
			5012010		20002801	CARNEGIE-MELL		18,000.00		4,530.00		22,530.00		302,000.00
			5012010		20016601	SARAH LAWRENC		25,049.91		10,229.83		35,279.74		681,987.75
						TOTALS:		46,998.21		16,801.97		63,800.18		1,120,130.46
Loans Due in Current Period Not Yet Paid:
						TOTALS:		—		—		—		—
						GRAND TOTAL:		153,155.46		75,286.55		228,442.01		6,536,061.62

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
May-10

Total System Credits @ 5/31	281,341.83
Total Bank Credits @ 5/31	199,921.57
04/29/10     in transit	(35,279.74	)
05/28/10     in transit	116,700.00
Adjusted Bank Credits:	281,341.83
	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
May-10

Total Bank Credits @ 5/31	199,921.57
Total Debits to Trustee @ 5/31	198,239.88
05/10/10     Service Fee	1,681.69
Adjusted Debits to Trustee	199,921.57
	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for June 2010

																															ACH Debits
				Loan									Principal		Principal		Interest								Net System		Total Bank				and Other
Date Received		Date Due		Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Paid		Paid		Suspense			Total Paid			Credits		Credits		Trust Wires		Wires
	20100601		6012009		20010801	LONG ISLAND UNIVERSITY										4,799.98		—		—			4,799.98
	20100601		12012009		20010801	LONG ISLAND UNIVERSITY										—		1,394.25		—			1,394.25
	20100601		6012010		20010801	LONG ISLAND UNIVERSITY		35,000.00		4,200.00		39,200.00		286,194.23		28,805.77		4,200.00		—			33,005.77
	20100601		6012010		20014401	OLD DOMINION UNIVERSITY		160,000.00		9,975.00		169,975.00		664,999.99		160,000.00		9,975.00		—			169,975.00
System Credits 6/1																										209,175.00
System Debits 6/1
Bank Credit 6/2																												116,700.00
Bank Debit 6/2
Trustee Wire 6/2																														116,700.00
	20100602		0		20021603	UNIVERSITY OF NORTH CAROLINA										—		—		660,000.00			660,000.00
	20100602		0		20021603	UNIVERSITY OF NORTH CAROLINA										—		—		8,250.00			8,250.00
System Credits 6/2																										668,250.00
System Debits 6/2																										—
Bank Credit 6/3																												209,175.00
Bank Debit 6/3
Trustee Wire 6/3																														209,175.00
	20100603		6012010		20013001	MONTREAT-ANDERSON COLLEGE		2,800.00		882.00		3,682.00		58,800.00		2,800.00		882.00		—			3,682.00
System Credits 6/3																										3,682.00
System Debits 6/3																										—
Bank Credit 6/4																												668,250.00
Bank Debit 6/8 (service fees)																																1,360.10
Trustee Wire 6/4																														666,889.90
	20100607		6072010		20018701	FINLANDIA UNIVERSITY		8,349.42		5,726.10		14,075.52		1,899,905.37		8,349.42		5,726.10		—			14,075.52
System Credits 6/7																										14,075.52
System Debits 6/7																										—
Bank Credit 6/7																												3,682.00
Bank Debit 6/7
Trustee Wire 6/7																														3,682.00
	20100609		0		20021603	UNIVERSITY OF NORTH CAROLINA										—		—		(660,000.00	)		(660,000.00	)
	20100609		0		20021603	UNIVERSITY OF NORTH CAROLINA										—		—		(8,250.00	)		(8,250.00	)
	20100609		0		20021603	UNIVERSITY OF NORTH CAROLINA										660,000.00		8,250.00		—			668,250.00
System Credits 6/9																										—
System Debits 6/9
Bank Credit 6/9																												14,075.52
Bank Debit 6/9
Trustee Wire 6/9																														14,075.52
																							—
																							—
																							—
System Credits 6/15																										—
System Debits 6/15
Bank Credit 6/11
Bank Debit 6/11
Trustee Wire 6/11
	20100630		6302010		20002401	BOSTON UNIVERITY		17,740.71		8,386.21		26,126.92		559,080.71		17,740.71		8,386.21		—			26,126.92
System Credits 6/30																										26,126.92
System Debits 6/30																										—
Bank Credit 6/30
Bank Debit 6/30
Trustee Wire 6/30
						TOTALS:		223,890.13		29,169.31		253,059.44		3,468,980.30		882,495.88		38,813.56		—			921,309.44			921,309.44		1,011,882.52		1,010,522.42		1,360.10
Loans Due in Current Period and Paid in Prior Period:
						TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
						TOTALS:		—		—		—		—
						GRAND TOTAL:		223,890.13		29,169.31		253,059.44		3,468,980.30

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
June-10

Total System Credits @ 6/30		921,309.44
Total Bank Credits @ 6/30		1,011,882.52
05/28/10           in transit		(116,700.00	)
06/30/10           in transit		26,126.92
Adjusted Bank Credits:		921,309.44
	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
June-10

Total Bank Credits @ 6/30		1,011,882.52
Total Debits to Trustee @ 6/30		1,010,522.42
06/08/10           Service Fee		1,360.10
Adjusted Debits to Trustee		1,011,882.52
	—

###################################	20010801	LONG ISLAND UNIVERSITY	4,799.98	—	—		4,799.98
###################################	20010801	LONG ISLAND UNIVERSITY	—	1,394.25	—		1,394.25
###################################	20010801	LONG ISLAND UNIVERSITY	28,805.77	4,200.00	—		33,005.77
###################################	20014401	OLD DOMINION UNIVERSITY	160,000.00	9,975.00	—		169,975.00
###################################	20021603	UNIVERSITY OF NORTH CAROLINA	—	—	660,000.00		660,000.00
###################################	20021603	UNIVERSITY OF NORTH CAROLINA	—	—	8,250.00		8,250.00
###################################	20013001	MONTREAT-ANDERSON COLLEGE	2,800.00	882.00	—		3,682.00
###################################	20018701	FINLANDIA UNIVERSITY	8,349.42	5,726.10	—		14,075.52
###################################	20021603	UNIVERSITY OF NORTH CAROLINA	—	—	(660,000.00	)	(660,000.00	)
###################################	20021603	UNIVERSITY OF NORTH CAROLINA	—	—	(8,250.00	)	(8,250.00	)
###################################	20021603	UNIVERSITY OF NORTH CAROLINA	660,000.00	8,250.00	—		668,250.00
###################################	20002401	BOSTON UNIVERITY	17,740.71	8,386.21	—		26,126.92
6/1/2010
6/2/2010							116,700.00
6/3/2010							209,175.00
Trustee Wire 6/30
6/4/2010							666,889.90
6/7/2010							3,682.00
6/9/2010							14,075.52

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for July 2010

																													ACH Debits
				Loan									Principal		Principal		Interest						Net System		Total Bank				and Other
Date Received		Date Due		Number		Borrower Name	Principal Due		Interest Due		Total Due		Balance		Paid		Paid		Suspense		Total Paid		Credits		Credits		Trust Wires		Wires
	20100702		7012010		20003901	COLLEGE OF CHARLESTON		59,000.00		6,510.00		65,510.00		434,000.00		59,000.00		6,510.00		—		65,510.00
	20100702		7012010		20021401	UNIV OF NEBRASKA/ AG MENS CLUB		6,000.00		585.00		6,585.00		39,000.00		6,000.00		585.00		—		6,585.00
System Credits 7/1																								72,095.00
System Debits 7/1
Bank Credit 7/1 (includes new acct funds mvmt)																										52,253.84
Bank Debit 7/1 (funds movement adj)																														26,126.92
Bank Debit 7/22 (inspection fees)																														585.00
Trustee Wire 7/2																												25,541.92
	20100707		7072010		20018701	FINLANDIA UNIVERSITY		8,558.48		5,517.04		14,075.52		1,891,555.95		8,558.48		5,517.04		—		14,075.52
System Credits 7/7																								14,075.52
System Debits 7/7																								—
Bank Credit 7/6																										144,190.00
Bank Debit 7/6 (funds movement adj)																														72,095.00
Trustee Wire 7/7																												72,095.00
System Credits 7/8																								—
System Debits 7/8																								—
Bank Credit 7/8																										28,151.04
Bank Debit 7/22 (service fees)																														518.57
Bank Debit 7/8 (funds movement adj)																														14,075.52
Trustee Wire 7/9																												13,556.95
						TOTALS:		73,558.48		12,612.04		86,170.52		2,364,555.95		73,558.48		12,612.04		—		86,170.52		86,170.52		224,594.88		111,193.87		113,401.01
Loans Due in Current Period and Paid in Prior Period:
			7012010		20021603	NORTH CAROLIN		—		9,900.00		9,900.00		660,000.00
						TOTALS:		—		9,900.00		9,900.00		660,000.00
Loans Due in Current Period Not Yet Paid:
			7012010		20012401	MISSISSIPPI V		—		300.00		300.00		—
						TOTALS:		—		300.00		300.00		—
						GRAND TOTAL:		73,558.48		22,812.04		96,370.52		3,024,555.95

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
July-10

Total System Credits @ 7/31	86,170.52
Total Bank Credits @ 7/31	224,594.88
06/30/10      in transit	(26,126.92	)
07/01/10      funds movement adj (new acct)	(26,126.92	)
07/06/10      funds movement adj (new acct)	(72,095.00	)
07/08/10      funds movement adj (new acct)	(14,075.52	)
Adjusted Bank Credits:	86,170.52
	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
July-10

Total Bank Credits @ 7/31	224,594.88
Total Debits to Trustee @ 7/31	111,193.87
07/22/10      Service Fee	518.57
07/22/10      Inspection Fee	585.00
07/01/10      funds movement adj (new acct)	26,126.92
07/06/10      funds movement adj (new acct)	72,095.00
07/08/10      funds movement adj (new acct)	14,075.52
Adjusted Debits to Trustee	224,594.88
	(0.00	)

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for August 2010

																													ACH
																							Net						Debits and
		Date					Principal				Total		Principal		Principal		Interest				Total		System		Total Bank				Other
Date Received		Due		Loan Number		Borrower Name	Due		Interest Due		Due		Balance		Paid		Paid		Suspense		Paid		Credits		Credits		Trust Wires		Wires
	20100809		8072010		20018701	FINLANDIA UNIVERSITY		8,400.37		5,675.15		14,075.52		1,882,997.47		8,400.37		5,675.15		—		14,075.52
																						—
System Credits 8/9																								14,075.52
System Debits 8/9
Bank Credit 8/9
Bank Debit 8/9
Trustee Wire 8/9
																						—
System Credits 8/10																								—
System Debits 8/10																								—
Bank Credit 8/10																										28,151.04
Bank Debit 8/10 (funds movement adj)																														14,075.52
Bank Debit 8/19 (service fees)																														398.28
Trustee Wire 8/11																												13,677.24
						TOTALS:		8,400.37		5,675.15		14,075.52		1,882,997.47		8,400.37		5,675.15		—		14,075.52		14,075.52		28,151.04		13,677.24		14,473.80
Loans Due in Current Period and Paid in Prior Period:
						TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
						TOTALS:		—		—		—		—
						GRAND TOTAL:		8,400.37		5,675.15		14,075.52		1,882,997.47

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
August-10

Total System Credits @ 8/31	14,075.52
Total Bank Credits @ 8/31	28,151.04
08/10/10     funds movement adjustment	(14,075.52	)
Adjusted Bank Credits:	14,075.52
	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
August-10

Total Bank Credits @ 8/31	28,151.04
Total Debits to Trustee @ 8/31	13,677.24
08/19/10     Service Fee	398.28
08/10/10     funds movement adjustment	14,075.52
Adjusted Debits to Trustee	28,151.04
	—

8/9/2010	Loan Payment	3	20018701	Loan Payment	-8400.37
8/9/2010	Loan Payment		21018701	Loan Payment	-5675.15
8/9/2010	Loan Payment		23000003	Loan Payment	14075.52
8/11/2010	Wire	2	23000001	Wire	13677.24
8/11/2010	Wire		23000003	Wire	-13677.24

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for September 2010

																																ACH Debits
Date Received		Date Due		Loan Number		Borrower Name	Principal Due		Interest Due		Total Due		Principal Balance		Principal Paid		Interest Paid		Suspense			Total Paid			Net System Credits			Total Bank Credits		Trust Wires		and Other Wires
	20100901		9012010		20019502	TEXAS TECH. UNIVERSITY		—		3,226.25		3,226.25		178,000.00		—		3,226.25		—			3,226.25
	20100901		9012010		20019504	TEXAS TECH. UNIVERSITY		—		13,584.38		13,584.38		805,000.00		—		13,584.38		—			13,584.38
System Credits 9/1																										16,810.63
System Debits 9/1
Bank Credit 9/1
Bank Debit 9/1
Trustee Wire 9/1
	20100907		9072010		20018701	FINLANDIA UNIVERSITY		8,425.69		5,649.83		14,075.52		1,874,597.10		8,425.69		5,649.83		—			14,075.52
System Credits 9/7																										14,075.52
System Debits 9/7																										—
Bank Credit 9/2																													33,621.26
Bank Debit 9/2 (funds movement adj)																																	16,810.63
Trustee Wire 9/3																															16,810.63
	20100909		0		20010801	LONG ISLAND UNIVERSITY										—		—		12,360.92			12,360.92
System Credits 9/9																										12,360.92
System Debits 9/9																										—
Bank Credit 9/8																													28,151.04
Bank Debit 9/10 (service fees)																																	86.30
Bank Debit 9/8 (funds movement adj)																																	14,075.52
Trustee Wire 9/9																															13,989.22
	20100913		0		20010801	LONG ISLAND UNIVERSITY										—		—		(12,360.92	)		(12,360.92	)
	20100913		0		20010801	LONG ISLAND UNIVERSITY										—		—		3,360.94			3,360.94
	20100913		6012010		20010801	LONG ISLAND UNIVERSITY										6,194.23		—		—			6,194.23
System Credits 9/13																										9,555.17
System Debits 9/13																										(12,360.92	)
Bank Credit 9/10																													12,360.92
Bank Debit 9/10
Trustee Wire 9/13																															12,360.92
	20100915		0		20010801	LONG ISLAND UNIVERSITY										—		—		—			—
	20100915		0		20010801	LONG ISLAND UNIVERSITY										—		—		(3,360.94	)		(3,360.94	)
	20100915		0		20010801	LONG ISLAND UNIVERSITY										—		3,360.94		—			3,360.94
System Credits 9/15																										3,360.94
System Debits 9/15																										(3,360.94	)
Bank Credit 9/14																													15,749.40
Bank Credit 9/14 (overdraft funding)																													2,805.75
Bank Debit 9/14 (funds movement adj)																																	6,194.23
Bank Debit 9/14 (pmt reversal)																																	12,360.92
Trustee Wire 6/9
	20100921		10012010		20012901	MONTEREY PENINSULA JR. COLLEGE										15,000.00		2,325.00		—			17,325.00
System Credits 9/21																										17,325.00
System Debits 9/21
Bank Credit 9/16
Bank Debit 9/16
Trustee Wire 9/16
System Credits 9/22																										—
System Debits 9/22																										—
Bank Credit 9/22																													34,650.00
Bank Debit 9/22 (funds movement adj)																																	17,325.00
Bank Debit 9/28 (overdraft funds recovery)																																	2,805.75
Trustee Wire 9/22																															14,519.25
						TOTALS:		8,425.69		22,460.46		30,886.15		2,857,597.10		29,619.92		28,146.40		—			57,766.32			57,766.32			127,338.37		57,680.02		69,658.35
Loans Due in Current Period and Paid in Prior Period:
						TOTALS:		—		—		—		—
Loans Due in Current Period Not Yet Paid:
						TOTALS:		—		—		—		—
						GRAND TOTAL:		8,425.69		22,460.46		30,886.15		2,857,597.10

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
September-10

Total System Credits @ 9/30				57,766.32
Total Bank Credits @ 9/30				127,338.37
	09/02/10	funds movement adjustment		(16,810.63	)
	09/08/10	funds movement adjustment		(14,075.52	)
	09/14/10	overdraft funding		(2,805.75	)
	09/14/10	funds movement adjustment		(6,194.23	)
	09/14/10	payment reversal		(12,360.92	)
	09/22/10	funds movement adjustment		(17,325.00	)
Adjusted Bank Credits:				57,766.32
			—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
September-10

Total Bank Credits @ 9/30				127,338.37
Total Debits to Trustee @ 9/30				57,680.02
	09/10/10	Service Fee		86.30
	09/02/10	funds movement adjustment		16,810.63
	09/08/10	funds movement adjustment		14,075.52
	09/14/10	overdraft funding		2,805.75
	09/14/10	funds movement adjustment		6,194.23
	09/14/10	payment reversal		12,360.92
	09/22/10	funds movement adjustment		17,325.00
Adjusted Debits to Trustee				127,338.37
			—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for October 2010

																													ACH Debits
				Loan			Principal		Interest		Total		Principal		Principal		Interest				Total		Net System		Total Bank		Trust		and Other
Date Received		Date Due		Number		Borrower Name	Due		Due		Due		Balance		Paid		Paid		Suspense		Paid		Credits		Credits		Wires		Wires
	20101001		10012010		20021701	UNIVERSITY OF NOTRE DAME — BONDS 1968		—		12,600.00		12,600.00		840,000.00		—		12,600.00		—		12,600.00
System Credits 10/1																								12,600.00
System Debits 10/1
Bank Credit 10/1
Bank Debit 10/1
Trustee Wire 10/1
	20101007		10072010		20018701	FINLANDIA UNIVERSITY		8,632.52		5,443.00		14,075.52		1,866,171.41		8,632.52		5,443.00		—		14,075.52
System Credits 10/7																								14,075.52
System Debits 10/7																								—
Bank Credit 10/4																										25,200.00
Bank Debit 10/4 (funds movement adj)																														12,600.00
Bank Debit 10/5 (service fees)																														356.25
Trustee Wire 10/5																												12,243.75
	20101015		10012010		20013501	NEW ENGLAND COLLEGE		32,000.00		2,138.75		34,138.75		118,049.99		31,950.00		2,138.75		—		34,088.75
System Credits 10/15																								34,088.75
System Debits 10/15																								—
Bank Credit 10/8																										28,151.04
Bank Debit 10/8 (funds movement adj)																														14,075.52
Trustee Wire 10/8																												14,075.52
	20101019		11012010		20002801	CARNEGIE MELLON UNIVERSITY										17,000.00		4,260.00		—		21,260.00
System Credits 10/19																								21,260.00
System Debits 10/19																								—
Bank Credit 10/18																										68,177.50
Bank Debit 10/18																														34,088.75
Trustee Wire 10/18																												34,088.75
	20101021		4012009		20022701	UNIVERSITY OF VERMONT										67,000.00		—		—		67,000.00
	20101021		4012009		20022701	UNIVERSITY OF VERMONT										—		25,680.00		—		25,680.00
System Credits 10/21																								92,680.00
System Debits 10/21																								—
Bank Credit 10/20																										42,520.00
Bank Debit 10/20 (funds movement adj)																														21,260.00
Trustee Wire 10/20																												21,260.00
	20101022		11012010		20018901	SWARTHMORE COLLEGE										5,118.42		647.44		—		5,765.86
System Credits 10/22																								5,765.86
System Debits 10/22
Bank Credit 10/22
Bank Debit 10/22
Trustee Wire 10/22
System Credits 10/25																								—
System Debits 10/25																								—
Bank Credit 10/25																										11,531.72
Bank Debit 10/25																														5,765.86
Trustee Wire 10/25																												5,765.86
						TOTALS:		40,632.52		20,181.75		60,814.27		2,824,221.40		129,700.94		50,769.19		—		180,470.13		180,470.13		175,580.26		87,433.88		88,146.38
Loans Due in Current Period and Paid in Prior Period:
			10012010		20012901	MONTEREY JR C		15,000.00		2,325.00		17,325.00		155,000.00
						TOTALS:		15,000.00		2,325.00		17,325.00		155,000.00
Loans Due in Current Period Not Yet Paid:
			10012010		20000101	ALBION COLLEG		90,000.00		8,400.00		98,400.00		560,000.00
			10012010		20001301	AUGSBERG COLL		—		8,400.00		8,400.00		560,000.00
			10012010		20001401	AZUSA UNIVERS		—		5,295.00		5,295.00		353,000.00
			10012010		20003001	CASE WESTERN		—		11,775.00		11,775.00		785,000.00
			10012010		20004001	COLL.OF ST. T		—		3,900.00		3,900.00		260,000.00
			10012010		20004401	R.I. JR. COLL		10,000.00		2,790.00		12,790.00		186,000.00
			10012010		20012101	MIDDLEBURY CO		27,000.00		7,575.00		34,575.00		505,000.00
			10012010		20013502	NEW ENGLAND C		—		7,725.00		7,725.00		515,000.00
			10012010		20018001	ST.EDWARDS		—		888.13		888.13		49,000.00
			10012010		20019101	TAYLOR UNIV.		60,000.00		900.00		60,900.00		60,000.00
			10012010		20022601	UNIV.OF STEUB		—		877.50		877.50		52,000.00
			10012010		20022602	UNIV.OF STEUB		—		2,220.00		2,220.00		148,000.00
			10012010		20022701	UNIV OF VERMO		70,000.00		22,680.00		92,680.00		1,512,000.00
						TOTALS:		257,000.00		83,425.63		340,425.63		5,545,000.00
						GRAND TOTAL:		312,632.52		105,932.38		418,564.90		8,524,221.40

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
October-10

Total System Credits @ 10/31	180,470.13
Total Bank Credits @ 10/31	175,580.26
10/04/10          funds movement adjustment	(12,600.00	)
10/08/10          funds movement adjustment	(14,075.52	)
10/18/10          funds movement adjustment	(34,088.75	)
10/20/10          funds movement adjustment	(21,260.00	)
10/25/10          funds movement adjustment	(5,765.86	)
10/21/10          Direct to Lender payments	92,680.00
Adjusted Bank Credits:	180,470.13
	—

Berkadia Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

October-10

Total Bank Credits @ 10/31	175,580.26
Total Debits to Trustee @ 10/31	87,433.88
10/05/10          Service Fee	356.25
10/04/10          funds movement adjustment	12,600.00
10/08/10          funds movement adjustment	14,075.52
10/18/10          funds movement adjustment	34,088.75
10/20/10          funds movement adjustment	21,260.00
10/25/10          funds movement adjustment	5,765.86
Adjusted Debits to Trustee	175,580.26
	—

10/1/2010	Loan Payment	2	21021701	Loan Payment	-12,600.00
10/1/2010	Loan Payment		23000003	Loan Payment	12,600.00
10/7/2010	Loan Payment	3	20018701	Loan Payment	-8,632.52
10/7/2010	Loan Payment		21018701	Loan Payment	-5,443.00
10/7/2010	Loan Payment		23000003	Loan Payment	14,075.52
10/15/2010	Loan Payment	3	20013501	Loan Payment	-31,950.00
10/15/2010	Loan Payment		21013501	Loan Payment	-2,138.75
10/15/2010	Loan Payment		23000003	Loan Payment	34,088.75
10/19/2010	Loan Payment	3	20002801	Loan Payment	-17,000.00
10/19/2010	Loan Payment		21002801	Loan Payment	-4,260.00
10/19/2010	Loan Payment		23000003	Loan Payment	21,260.00
10/21/2010	Loan Payment	4	20022701	Loan Payment	-67,000.00
10/21/2010	Loan Payment		21022701	Loan Payment	-25,680.00
10/21/2010	Loan Payment		23000001	Loan Payment	67,000.00
10/21/2010	Loan Payment		23000001	Loan Payment	25,680.00
10/22/2010	Loan Payment	3	20018901	Loan Payment	-5,118.42
10/22/2010	Loan Payment		21018901	Loan Payment	-647.44
10/22/2010	Wire		23000003	Wire	5,765.86
10/18/2010	Wire	2	23000001	Wire	34,088.75
10/18/2010	Wire		23000003	Wire	-34,088.75
10/20/2010	Wire	2	23000001	Wire	21,260.00
10/20/2010	Wire		23000003	Wire	-21,260.00
10/25/2010	Wire	2	23000001	Wire	5,765.86
10/25/2010	Wire		23000003	Wire	-5,765.86
10/5/2010	Wire	2	23000001	Wire	12,243.75
10/5/2010	Wire		23000003	Wire	-12,243.75
10/8/2010	Wire	2	23000001	Wire	14,075.52
10/8/2010	Wire		23000003	Wire	-14,075.52

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report for November 2010

																							Net		Total				ACH Debits
Date				Loan			Principal		Interest		Total		Principal		Principal		Interest				Total		System		Bank		Trust		and Other
Received		Date Due		Number		Borrower Name	Due		Due		Due		Balance		Paid		Paid		Suspense		Paid		Credits		Credits		Wires		Wires
	20101101		11012010		20006502	FAIRLEIGH DICKINSON UNIVERSITY		2,644.23		970.59		3,614.82		64,705.96		2,644.23		970.59		—		3,614.82
	20101101		11012010		20016601	SARAH LAWRENCE COLLEGE		25,425.67		9,854.07		35,279.74		656,937.84		25,425.67		9,854.07		—		35,279.74
System Credits 11/1																								38,894.56
System Debits 11/1																								—
Bank Credit 11/1
Bank Debit 11/1
Trustee Wire 11/1
	20101102		11012010		20008301	HARCUM COLLEGE		45,000.00		4,350.00		49,350.00		290,000.00		45,000.00		4,350.00		—		49,350.00
	20101102		11012010		20016401	CALIFORNIA STATE UNIVERSITY		15,000.00		3,675.00		18,675.00		245,000.00		15,000.00		3,675.00		—		18,675.00
	20101102		11012010		20016501	CALIFORNIA STATE UNIVERSITY		35,000.00		7,575.00		42,575.00		505,000.00		35,000.00		7,575.00		—		42,575.00
	20101102		11012010		20023501	McDANIEL COLLEGE		80,000.00		9,150.00		89,150.00		610,000.00		80,000.00		9,150.00		—		89,150.00
System Credits 11/2																								199,750.00
System Debits 11/2																								—
Bank Credit 11/2																										77,789.12
Bank Debit 11/2 (funds movement adj)																														38,894.56
Trustee Wire 11/2																												38,894.56
	20101105		11012010		20001201	ATLANTIC UNION COLLEGE		4,007.52		1,982.92		5,990.44		132,194.41		4,007.52		1,982.92		—		5,990.44
System Credits 11/5																								5,990.44
System Debits 11/5																								—
Bank Credit 11/3																										399,500.00
Bank Debit 11/3 (funds movement adj)																														199,750.00
Bank Debit 11/4 (service fees)																														391.62
Trustee Wire 11/3																												199,358.38
	20101108		11072010		20018701	FINLANDIA UNIVERSITY		8,477.10		5,598.42		14,075.52		1,857,538.89		8,477.10		5,598.42		—		14,075.52
System Credits 11/8																								14,075.52
System Debits 11/8																								—
Bank Credit 11/8																										11,980.88
Bank Debit 11/8 (funds movement adj)																														5,990.44
Bank Debit 11/8 (service fees)																														471.63
Trustee Wire 11/8																												5,518.81
	20101110		10012010		20004401	R.I. JR. COLLEGE										9,975.00		2,790.00		—		12,765.00
System Credits 11/10																								12,765.00
System Debits 11/10																								—
Bank Credit 11/9																										28,151.04
Bank Debit 11/9 (funds movement adj)																														14,075.52
Trustee Wire 11/9																												14,075.52
	20101112		10012010		20000101	ALBION COLLEGE										—		8,400.00		—		8,400.00
	20101112		10012010		20018001	ST.EDWARDS UNIVERSITY										—		888.09		—		888.09
	20101112		4012011		20018001	ST.EDWARDS UNIVERSITY										—		0.04		—		0.04
	20101112		10012010		20022601	UNIVERSITY OF STEUBENVILLE										—		877.50		—		877.50
System Credits 11/12																								10,165.63
System Debits 11/12
Bank Credit 11/12																										25,530.00
Bank Debit 11/12 (funds movement adj)																														12,765.00
Trustee Wire 11/12																												12,765.00
	20101116		10012010		20012101	MIDDLEBURY COLLEGE										26,975.00		—		—		26,975.00
	20101116		11012010		20013301	MORRIS COLLEGE - BONDS 1983		71,000.00		4,485.00		75,485.00		299,050.00		70,950.00		4,485.00		—		75,435.00
System Credits 11/16																								102,410.00
System Debits 11/16
Bank Credit 11/16
Bank Debit 11/16
Trustee Wire 11/16
	20101118		10012010		20003001	CASE WESTERN RESERVE UNIVERSIT										—		11,775.00		—		11,775.00
System Credits 11/18																								11,775.00
System Debits 11/18																								—
Bank Credit 11/17																										204,820.00
Bank Debit 11/17																														102,410.00
Trustee Wire 11/17																												102,410.00
	20101123		12012010		20013001	MONTREAT-ANDERSON COLLEGE										2,800.00		840.00		—		3,640.00
System Credits 11/23																								3,640.00
System Debits 11/23																								—
Bank Credit 11/19																										23,550.00
Bank Debit 11/19 (funds movement adj)																														11,775.00
Bank Debit 11/22 (inspection fees)																														460.00
Trustee Wire 11/19																												11,315.00
System Credits 11/24																								—
System Debits 11/24
Bank Credit 11/24																										7,280.00
Bank Debit 11/24 (funds movement adj)																														3,640.00
Trustee Wire 11/24																												3,640.00
						TOTALS:		286,554.52		47,641.00		334,195.52		4,660,427.10		326,254.52		73,211.63		—		399,466.15		399,466.15		778,601.04		387,977.27		390,623.77
Loans Due in Current Period and Paid in Prior Period:
			11012010		20002801	CARNEGIE-MELL		17,000.00		4,260.00		21,260.00		284,000.00
			11012010		20018901	SWARTHMORE CO		5,118.42		647.44		5,765.86		43,162.58
			11012010		20019201	TEMPLE UNIV.		35,000.00		2,750.63		37,750.63		163,000.00
						TOTALS:		57,118.42		7,658.07		64,776.49		490,162.58
Loans Due in Current Period Not Yet Paid:
			11012010		20020001	UNIV. OF ALAB		—		15,540.00		15,540.00		1,036,000.00
			11012010		20021301	UNIV OF MONTE		—		2,310.00		2,310.00		154,000.00
						TOTALS:		—		17,850.00		17,850.00		1,190,000.00
						GRAND TOTAL:		343,672.94		73,149.07		416,822.01		6,340,589.68

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
November-10

Total System Credits @ 11/30	399,466.15
Total Bank Credits @ 11/30	778,601.04
11/12/10 Direct to Lender payments applied	10,165.63
11/02/10 funds movement adjustment	(38,894.56	)
11/03/10 funds movement adjustment	(199,750.00	)
11/08/10 funds movement adjustment	(5,990.44	)
11/09/10 funds movement adjustment	(14,075.52	)
11/12/10 funds movement adjustment	(12,765.00	)
11/17/10 funds movement adjustment	(102,410.00	)
11/19/10 funds movement adjustment	(11,775.00	)
11/24/10 funds movement adjustment	(3,640.00	)
Adjusted Bank Credits:	399,466.15
	—

Berkadia Commercial Mortgage
College and University Loan Trust I
Remittance Report Reconciliation
November-10

Total Bank Credits @ 11/30	778,601.04
Total Debits to Trustee @ 11/30	387,977.27
11/04/10 Service Fee	391.62
11/08/10 Service Fee	471.63
11/22/10 Inspection Fee	460.00
11/02/10 funds movement adjustment	38,894.56
11/03/10 funds movement adjustment	199,750.00
11/08/10 funds movement adjustment	5,990.44
11/09/10 funds movement adjustment	14,075.52
11/12/10 funds movement adjustment	12,765.00
11/17/10 funds movement adjustment	102,410.00
11/19/10 funds movement adjustment	11,775.00
11/24/10 funds movement adjustment	3,640.00
Adjusted Debits to Trustee	778,601.04
	—