-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PbtNp8HXPWjK5OAG6HvsZvKwCq/BJc5iJvZfzJvRjbAyZ0rvLs3UgAuYEpGOQhRA IlTf1rw4oZ9NVym8cEK75Q== 0001047469-05-020968.txt : 20050808 0001047469-05-020968.hdr.sgml : 20050808 20050808134143 ACCESSION NUMBER: 0001047469-05-020968 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20050531 FILED AS OF DATE: 20050808 DATE AS OF CHANGE: 20050808 EFFECTIVENESS DATE: 20050808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLLEGE & UNIVERSITY FACILITY LOAN TRUST ONE CENTRAL INDEX KEY: 0000820300 IRS NUMBER: 046575372 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-05291 FILM NUMBER: 051005343 BUSINESS ADDRESS: STREET 1: C/O US BANK STREET 2: CORP TRUST DEPT ONE FEDERAL ST CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6176036406 MAIL ADDRESS: STREET 1: C/O US BANK STREET 2: CORPORATE TRUST DEPT ONE FEDERAL ST CITY: BOSTON STATE: MA ZIP: 02110 N-CSRS 1 a2161439zn-csrs.txt N-CSRS 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) Diana J. Kenneally 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: (617) 603-6406 Date of fiscal year end: November 30 Date of reporting period: December 1, 2004 - May 31, 2005 ITEM 1. REPORT TO STOCKHOLDERS. COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE FINANCIAL STATEMENTS SIX MONTHS ENDED MAY 31, 2005 ACCOUNTANTS' COMPILATION REPORT To the Owner Trustee of College and University Facility Loan Trust One We have compiled the accompanying statement of assets and liabilities of College and University Facility Loan Trust One (the "Trust"), including the schedule of investments, as of May 31, 2005, and the related statements of operations, cash flows, changes in net assets and financial highlights for the six months then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The financial information for the years ended November 30, 2004, 2003, 2002, 2001 and 2000, presented herein for comparative purposes, was audited by other auditors, whose report thereon dated January 28, 2005 expressed an unqualified opinion, except for the effect on the 2004 and 2003 financial statements of accounting for investments under the amortized cost method of accounting as described in Note 2 to the financial statements. A compilation is limited to presenting in the form of financial statements information that has been obtained from the books and records of the Trust. We have not audited or reviewed the accompanying financial statements or supplemental material and, accordingly, do not express an opinion or any other form of assurance on them. However, we did become aware of a departure from accounting principals generally accepted in the United States of America that is described in the following paragraph. As disclosed in Note 2 to the financial statements, the Trust is accounting for its investments under the amortized cost method of accounting, adjusted by an allowance for loan losses. Accounting principles generally accepted in the United States of America require that the investments be accounted for under the fair value method of accounting. Accounting for the investments under the fair value method of accounting, based on the Trust's estimate of fair value as described in Note 8, would result in an increase of approximately $10,132,000 in the recorded value of the investments and an increase in unrealized appreciation of investments of approximately $10,132,000 as of May 31, 2005. We are not independent with respect to College and University Facility Loan Trust One. /s/ BDO Seidman, LLP Boston, Massachusetts July 22, 2005 COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE STATEMENT OF ASSETS AND LIABILITIES
MAY 31, 2005 - -------------------------------------------------------------------------------------------------- ASSETS: INVESTMENTS, at amortized cost, net of allowance for loan losses of $760,000 (Notes 1, 2, 6, 7, 8 and 9, and Schedule of Investments) $ 39,057,208 CASH 40,811 PREPAID EXPENSES 15,633 INTEREST RECEIVABLE 606,657 DEFERRED BOND ISSUANCE COSTS (Note 2) 259,356 - -------------------------------------------------------------------------------------------------- Total assets 39,979,665 - -------------------------------------------------------------------------------------------------- LIABILITIES: BONDS PAYABLE (Notes 3 and 8) 26,404,147 INTEREST PAYABLE (Note 3) 1,392,819 ACCRUED EXPENSES AND OTHER LIABILITIES 255,697 DISTRIBUTIONS PAYABLE TO CLASS B CERTIFICATEHOLDERS (Note 5) 1,664,184 - -------------------------------------------------------------------------------------------------- Total liabilities 29,716,847 - -------------------------------------------------------------------------------------------------- NET ASSETS: CLASS B CERTIFICATES, par value $1 - authorized, issued and outstanding - 1,001,643 certificates (Note 5) 1,001,643 ACCUMULATED DEFICIT (Notes 2 and 5) (1,499,553) ADDITIONAL PAID-IN CAPITAL (Note 2) 10,760,728 - -------------------------------------------------------------------------------------------------- Total net assets $ 10,262,818 ================================================================================================== Net asset value per Class B certificate (based on 1,001,643 certificates outstanding) $ 10.25 ==================================================================================================
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. 3 STATEMENT OF OPERATIONS
SIX MONTHS ENDED MAY 31, 2005 - -------------------------------------------------------------------------------------------------- INVESTMENT INCOME: Interest income (Note 2) $ 2,654,979 - -------------------------------------------------------------------------------------------------- EXPENSES: Interest expense (Notes 2 and 3) 1,420,444 Servicer fees (Note 4) 11,451 Trustee fees (Note 4) 20,754 Other trust and bond administration expenses 277,699 - -------------------------------------------------------------------------------------------------- Total expenses 1,730,348 - -------------------------------------------------------------------------------------------------- Net investment income 924,631 REDUCTION IN RESERVE FOR LOAN LOSSES (Note 6) 100,000 - -------------------------------------------------------------------------------------------------- NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 1,024,631 ==================================================================================================
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. 4 STATEMENT OF CASH FLOWS
SIX MONTHS ENDED MAY 31, 2005 - -------------------------------------------------------------------------------------------------- CASH FLOWS FROM OPERATING ACTIVITIES: Interest received $ 1,050,648 Interest paid (1,515,641) Operating expenses paid (287,137) - -------------------------------------------------------------------------------------------------- Net cash used in operating activities (752,130) - -------------------------------------------------------------------------------------------------- CASH FLOWS FROM INVESTING ACTIVITIES: Net decrease in funds held under investment agreements (53,065) Principal payments on Loans 4,151,753 - -------------------------------------------------------------------------------------------------- Net cash provided by investing activities 4,098,688 - -------------------------------------------------------------------------------------------------- CASH FLOWS FROM FINANCING ACTIVITIES: Principal repayments on Bonds (2,328,383) Distributions to Class B certificateholders (890,465) Advanced funds repaid to Servicer (95,442) - -------------------------------------------------------------------------------------------------- Net cash used in financing activities (3,314,290) - -------------------------------------------------------------------------------------------------- NET DECREASE IN CASH 32,268 CASH, beginning of period 8,543 - -------------------------------------------------------------------------------------------------- CASH, end of period $ 40,811 ================================================================================================== RECONCILIATION OF NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS TO NET CASH USED FOR OPERATING ACTIVITIES: Net increase in net assets resulting from operations $ 1,024,631 Reduction in reserve for loan losses (100,000) Decrease in interest receivable 37,003 Increase in prepaid expense (15,633) Increase in accrued expenses and other liabilities 38,400 Decrease in Bond interest payable (122,822) Amortization of deferred Bond issuance costs 27,625 Amortization of purchase discount on Loans (1,641,334) - -------------------------------------------------------------------------------------------------- Net cash used in operating activities $ (752,130) ==================================================================================================
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. 5 STATEMENT OF CHANGES IN NET ASSETS (NOTE 2(f))
FOR THE SIX MONTHS ENDED YEAR ENDED MAY 31, NOVEMBER 30, 2005 2004 - --------------------------------------------------------------------------------------------------------- (UNAUDITED) (AUDITED) FROM OPERATIONS: Net investment income $ 924,631 $ 2,084,808 Reduction in reserve for loan losses 100,000 100,000 - --------------------------------------------------------------------------------------------------------- Net increase in net assets applicable to Class B certificateholders resulting from operations 1,024,631 2,184,808 CAPITAL CERTIFICATE TRANSACTIONS: Distributions to Class B certificateholders (Note 5) (1,664,184) (2,184,832) - --------------------------------------------------------------------------------------------------------- NET DECREASE IN NET ASSETS (639,553) (24) NET ASSETS: Beginning of period 10,902,371 10,902,395 - --------------------------------------------------------------------------------------------------------- End of period $ 10,262,818 $ 10,902,371 =========================================================================================================
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. 6 COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE FINANCIAL HIGHLIGHTS (NOTES 1 AND 5)
FOR THE SIX MONTHS ENDED YEARS ENDED NOVEMBER 30, MAY 31, -------------------------------------------------------------------------------- 2005 2004 2003 2002 2001 2000 - -------------------------------------------------------------------------------------------------------------------------------- (UNAUDITED) (AUDITED) -------------------------------------------------------------------------------- NET ASSET VALUE, beginning of period $ 10.88 $ 10.88 $ 10.86 $ 11.11 $ 11.36 $ 11.17 - -------------------------------------------------------------------------------------------------------------------------------- NET INVESTMENT INCOME .93 2.08 1.29 .78 .96 1.09 REDUCTION OF RESERVE FOR LOAN LOSSES .10 .10 - - .16 - DIVIDENDS TO CLASS A PREFERRED CERTIFICATEHOLDERS: From net investment income - - - - - .04 As tax return of capital - - - - - (.06) DISTRIBUTIONS TO CLASS B CERTIFICATEHOLDERS (1.66) (2.18) (1.27) (1.03) (1.37) (.88) - -------------------------------------------------------------------------------------------------------------------------------- NET ASSET VALUE, end of period $ 10.25 $ 10.88 $ 10.88 $ 10.86 $ 11.11 $ 11.36 ================================================================================================================================ TOTAL INVESTMENT RETURN (a) N/A N/A N/A N/A N/A N/A NET ASSETS APPLICABLE TO CLASS A PREFERRED CERTIFICATES, end of period $ - $ - $ - $ - $ - $ - ================================================================================================================================ NET ASSETS APPLICABLE TO CLASS B CERTIFICATES, end of period $ 10,262,818 $ 10,902,371 $ 10,902,395 $ 10,878,852 $ 11,132,814 $ 11,379,460 ================================================================================================================================ RATIOS AND SUPPLEMENTAL DATA: Ratio of operating expenses to average net assets applicable to Class B certificates 32.70%(b)(c) 33.79%(b) 37.84%(b) 41.40%(b) 45.48%(b) 50.42%(b) Ratio of net investment income to average net assets applicable to Class B certificates 17.47%(c) 19.12% 11.93% 7.11% 8.57% 9.71% Number of Class B certificates outstanding, end of period 1,001,643 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's investments are not traded, management believes that no meaningful information can be provided regarding portfolio turnover. (b) Excluding interest expense, the ratio of operating expenses to average net assets applicable to Class B Certificates was 5.86%(c), 4.51%, 4.22%, 3.64%, 3.63% and 3.44% in 2005, 2004, 2003, 2002, 2001 and 2000, respectively. (c) Annualized. THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. 7 COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE NOTES TO FINANCIAL STATEMENTS 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 the 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 of $126,995,000. The Bonds constitute full recourse obligations of the Trust. The collateral securing the Bonds consists primarily of a pool of college and university facility loans (the Loans) to various postsecondary educational institutions and 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 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. 8 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. On the Closing Date, certificates were issued by the Trust to ED as partial payments for the Loans. In December 1989, ED sold, through a private placement, all of its ownership interest in the Trust. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) COLLEGE AND UNIVERSITY FACILITY LOANS The Loans were purchased and recorded at a discount below par. Pursuant to a "no-action letter" that the Trust received from the Securities and Exchange Commission, the Loans, included in investments in the accompanying statement of assets and liabilities, are being accounted for under the amortized cost method of accounting. 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. When a Loan prepays, the remaining discount is recognized as interest income. The remaining balance of the purchase discount on the Loans as of May 31, 2005 was approximately $13,435,000. As a result of prepayments of Loans in the six months ended May 31, 2005, additional interest income of approximately $623,000 was recognized. 9 The Trust's policy is to 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. 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 May 31, 2005, no loans have been placed on non-accrual status; however, as discussed in Note 6 and 9, one loan was removed from non-accrual status. Previously, interest payments received on this loan were recorded as a reduction of the investment's amortized cost basis given the unlikelihood of collection. Currently, the Trust recognizes interest income on this loan. Accounting principles generally accepted in the United States of America (GAAP), requires that the Loans 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. (b) 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. GAAP 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. 10 (c) 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. (d) 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 term bonds as discussed in Note 3. (e) ACCOUNTING FOR IMPAIRMENT OF A LOAN AND ALLOWANCE FOR LOAN LOSSES The allowance for loan losses is based on the Trust's evaluation of the level of the allowance required to reflect the risks in the loan portfolio, based on circumstances and conditions known or anticipated at each reporting date. The methodology for assessing the appropriateness of the allowance consists of a review of the following three key elements: (1) a valuation allowance for loans identified as impaired, (2) a formula-based general allowance for the various loan portfolio classifications, and (3) an unallocated allowance. A loan is impaired 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 identified as impaired are further evaluated to determine the estimated extent of impairment. 11 The formula-based general allowance is derived primarily from a risk-rating model that grades loans based on general characteristics of credit quality and relative risk. As credit quality for individual loans deteriorates, the risk rating and the allowance allocation percentage increases. The sum of these allocations comprise the Trust's formula-based general allowance. In addition to the valuation and formula-based general allowance, there is an unallocated allowance. This element recognizes the estimation risks associated with the valuation and formula-based models. It is further adjusted for 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. (f) PRESENTATION OF CAPITAL DISTRIBUTIONS Capital distributions are accounted for in accordance with the American Institute of Certified Public Accountants Statement of Position (SOP) 93-2, "DETERMINATION, DISCLOSURE AND FINANCIAL STATEMENT PRESENTATION OF INCOME, CAPITAL GAIN AND RETURN OF CAPITAL DISTRIBUTIONS BY INVESTMENT COMPANIES." SOP 93-2 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. 12 As of November 30, 2004, all tax earnings and profits have been distributed. Accordingly, all accumulated undistributed net investment income has been reclassified to additional paid-in capital. This reclassification results from permanent book and tax differences such as the receipt of tax-exempt interest income on certain Loans, the related interest expense on the Bonds, and the accretion of purchase discount on the Loans. Amounts deducted for the loan loss reserve are not currently deductible for tax purposes and have been reclassified as an accumulated deficit. These reclassifications had no impact on the net investment income or net assets of the Trust. The Trust expects to have a tax return of capital for the fiscal year ending November 30, 2005; however, the amount cannot be reasonably estimated at May 31, 2005. (g) USE OF ESTIMATES The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us 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. 13 The allowance for loan losses is a critical accounting policy that requires estimates and assumptions to be made in the preparation of the Trust's financial statements. The allowance for loan losses is based on the Trust's evaluation of the level of the allowance required in relation to the estimated loss exposure in the loan portfolio. The allowance for loan losses is a significant estimate and is therefore regularly evaluated for adequacy by taking into consideration factors such as prior loan loss experience, the character and size of the loan portfolio, business and economic conditions and the Trust's estimation of future losses. The use of different estimates or assumptions could produce different provisions for loan losses. See Note 2(e) for a detailed description of the Trust's estimation process and methodology related to the allowance for loan losses. 3. BONDS The Bonds outstanding at May 31, 2005 consist of the following:
PRINCIPAL INTEREST STATED AMOUNT TYPE RATE MATURITY (000'S) - ----------------------------------------------------------------------------------- Term 10.55% December 1, 2014 $ 26,404
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 June 1, 2005, the Trust made the mandatory redemption of $1,762,964 on the Bonds. 14 The aggregate scheduled maturities of the Bonds, including the scheduled mandatory redemptions at May 31, 2005, are as follows:
AMOUNT FISCAL YEAR (000'S) - ---------------------------------------------------------------------------- 2005 $ 1,763 2006 3,457 2007 3,217 2008 2,785 2009 2,794 Thereafter 12,388 - ---------------------------------------------------------------------------- Total $ 26,404 ============================================================================
The Bonds are not subject to optional redemption by either the Trust or the bondholders. In the event the Trust realizes negative cash flows, various reserve funds 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. As required by the Indenture, the scheduled future cash flows for Loans in Default are excluded from the calculation of the Reserve Fund requirement. There are currently no loans in default. The cash flows from the June 1, 2005 Bond Payment Date were sufficient to satisfy the maximum reserve fund requirement of $7,029,564, as required by the Indenture. 15 4. ADMINISTRATIVE AGREEMENTS (a) SERVICER As compensation for the services provided under the servicing agreement, GMAC Commercial Mortgage 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 six months ended May 31, 2005, this fee totaled $11,276. GMAC Commercial Mortgage is reimbursed by the Trust for out-of-pocket expenses incurred in connection with the inspection of buildings and property used as collateral for the loans. For the six months ended May 31, 2005, out-of-pocket expenses totaled $175. (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 $8,228 and $7,405, respectively, for the six months ended May 31, 2005. - - 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 an amount not to exceed 4% of the applicable annual fee. In addition, the Bond Trustee is reimbursed for other agreed-upon related expenses. For the six months ended May 31, 2005, total Bond Trustee fees and out-of-pocket expenses amounted to $5,121. 16 5. CERTIFICATES Holders of each of the Class B certificates receive amounts paid to the Owner Trustee pursuant to the Declaration of Trust on a pro rata basis. On June 2, 2005, a distribution of $890,465 was made to the Class B certificateholders. This payment is reflected as a liability in the accompanying statement of assets and liabilities. While the Bonds are outstanding, distributions to the Class B certificateholders are made on the second business day in each June and December (the Distribution Date) and, after the Bonds are paid in full, on the first business day of each month. The certificateholders shall each be entitled to one vote per certificate. 6. ALLOWANCE FOR LOAN LOSSES An analysis of the allowance for loan losses for the six months ended May 31, 2005 is summarized as follows: Balance, beginning of year $ 860,000 Reduction in reserve for loan losses 100,000 Charge-offs - - ------------------------------------------------------------------------------ Balance, end of year $ 760,000 ==============================================================================
At May 31, 2005, there were no recorded investments in loans that are considered to be impaired. Previously, the Trust had deemed one loan to be in default, as defined in the Trust's indenture. This loan was also considered to be impaired, as based on information available at the time, it seemed probable that the Trust would not collect all amounts due in accordance with the contractual terms of the loan. Recently, the Trust agreed to a loan modification, more fully discussed in Note 9, which cured the default. As a result of the loan modification and the related payment information currently available, the Trust no longer considers this loan to be impaired; however the loan continues to be included in the Trust's general allowance for loan losses. See note 2(e) for a discussion of the Trust's impaired loan and loan loss accounting policies. 17 7. LOANS Scheduled principal and interest payments on the Loans as of May 31, 2005, excluding payments for Loans in Default, as defined in the Indenture, are as follows:
PRINCIPAL INTEREST PAYMENTS PAYMENTS TOTAL FISCAL YEAR (000'S) (000'S) (000'S) - ----------------------------------------------------------------------- 2005 $ 2,364 $ 564 $ 2,928 2006 3,746 1,042 4,788 2007 3,411 926 4,337 2008 3,302 822 4,124 2009 3,286 719 4,005 Thereafter 20,845 2,789 23,634 - ----------------------------------------------------------------------- Total $ 36,954 $ 6,862 $ 43,816 =======================================================================
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 May 31, 2005:
AMORTIZED NUMBER COST TYPE OF COLLATERAL OF LOANS (000'S) % - ----------------------------------------------------------------------- Loans secured by a first mortgage 53 $ 13,377 56.9% Loans not secured by a first mortgage 32 10,142 43.1 - ----------------------------------------------------------------------- Total Loans 85 $ 23,519 100.0% =======================================================================
18
AMORTIZED NUMBER COST TYPE OF INSTITUTION OF LOANS (000'S) % - ----------------------------------------------------------------------- Private 54 $ 12,342 52.5% Public 31 11,177 47.5 - ----------------------------------------------------------------------- Total Loans 85 $ 23,519 100.0% =======================================================================
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. 19 8. FAIR VALUE OF FINANCIAL INSTRUMENTS Statement of Financial Accounting Standards No. 107, "DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS," 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 public market information or to other fair value information. Accordingly, the fair value information presented below does not purport to represent, and should not be construed to represent, the underlying market value of the Trust's net assets or the amounts that would result from the sale or settlement of the related financial instruments. Further, as the assumptions inherent in fair value estimates change, the fair value estimates will change. 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 financial instruments 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 because the prepayment rate on these Loans is not subject to estimate. 20 The estimated fair value of each category of the Trust's financial instruments and the related book value presented in the accompanying statement of assets and liabilities as of May 31, 2005 are as follows:
AMORTIZED COST FAIR VALUE (000'S) (000'S) - ----------------------------------------------------------------- Loans $ 22,759* $ 31,224 Investment Agreements: Revenue Fund 13,594 14,311 Liquidity Fund 2,704 3,654 - ----------------------------------------------------------------- $ 39,057 $ 49,189 ================================================================= Bonds $ 26,404 $ 32,629 =================================================================
*Net of allowance for loan losses of $760,000. 9. LOAN MODIFICATION AGREEMENT Previously, the Trust entered into a loan restructuring agreement with a single post secondary educational institution (the "School"), the terms of which require interest only payments and suspension of the principal and reserve payment obligations under the School's original loan agreement. The restructuring agreement, dated December 27, 1994, granted the School temporary relief from debt service requirements for a five-year period. Subsequently, the School petitioned for and was granted a three-year extension to the restructuring agreement, which expired in February 2002. 21 As a result of past due principal payments, the Trust deemed the School's loan to be in default and placed the loan on non-accrual status, as discussed in Note 2 (a). Furthermore, the Trust considered the loan to be impaired, as discussed in Note 2 (e), and a percentage of the recorded investment of the loan was included in the Trust's general allowance for loan loss, as discussed in Note 6. During the period of the restructuring agreement, the Trust did not recognize income on interest received from this loan. Recently, the Trust entered into a loan modification/extension agreement with the School. As a result of the modification, the future principal and interest payments on this loan have been rescheduled. The loan has been removed from non-accrual status and interest income will be recognized on the loan over its remaining life. For the six months ended May 31, 2005, the Trust recognized approximately $131,000 of interest income related to this loan. 22 COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE SCHEDULE OF INVESTMENTS NOVEMBER 30, 2004 (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 (58.3%) ---------- ALABAMA -------- $ 48 Birmingham-Southern College 3.00 10/01/2006 12.48 $ 45 236 Birmingham-Southern College 3.00 10/01/2010 12.47 183 6 Stillman College 3.00 02/01/2007 13.24 5 1416 University of Alabama 3.00 05/01/2021 12.27 769 199 University of Montevallo 3.00 05/01/2023 12.3 101 ---------- CALIFORNIA -------- 563 Azusa Pacific University 3.00 04/01/2017 12.96 329 1320 California State University 3.00 11/01/2012 10.57 1006 40 Foothill College 3.00 10/01/2006 11.76 37 230 Monterey Peninsula College 3.00 10/01/2018 11.95 139 320 San Diego State University 3.00 11/01/2021 11.93 176 670 San Francisco State University 3.00 11/01/2021 11.93 370 28 Scripps College 3.00 10/01/2005 12.51 27 ---------- FLORIDA -------- 90 Florida Atlantic University 3.00 07/01/2006 11.85 82 8 Florida Institute of Technology 3.00 02/01/2006 13.17 7 ---------- HAWAII -------- 270 University of Hawaii at Manoa 3.00 10/01/2006 11.76 247 ---------- ILLINOIS -------- 380 Concordia College 3.00 05/01/2011 12.64 287 ---------- INDIANA -------- 125 Anderson College 3.00 03/01/2010 13.02 95 340 Taylor University 3.00 10/01/2010 12.45 263 1270 University of Notre Dame 3.00 04/01/2018 12.95 719 ---------- IOWA -------- 690 Drake University 3.00 10/01/2012 12.71 491 ---------- KANSAS -------- 170 Emporia State University 3.00 04/01/2009 12.33 138 21 Kansas Newman College 3.00 04/01/2006 13.1 19 ---------- LOUISIANA -------- 175 Grambling State University 3.00-3.75 10/01/2005 11.7 167 420 Xavier University 3.00 10/01/2017 12.54 249 ---------- MARYLAND -------- 980 Western Maryland College 3.00 11/01/2016 12.44 612 ---------- MASSACHUSETTS -------- 169 Atlantic Union College 3.00 05/01/2023 12.68 85 723 Boston University 3.00 12/31/2022 11.87 382 51 Hampshire College 3.00 11/01/2006 12.43 48 91 Springfield College 3.00 05/01/2011 12.59 68
SEE ACCOMPANYING ACCOUNTANTS' COMPILATION REPORT AND NOTES TO FINANCIAL STATEMENTS. 23
INTERNAL OUTSTANDING STATED RATE OF AMORTIZED PRINCIPAL INTEREST MATURITY RETURN %(A) COST (NOTES BALANCE DESCRIPTION RATE % DATE (UNAUDITED) 1 AND 2) - ------------- --------------------------------------------- ---------- ---------- ------------ ------------ ---------- MICHIGAN -------- $ 950 Albion College 3.00 10/01/2015 12.51 $ 609 245 Alma College 3.00 04/01/2010 11.87 192 2358 Finlandia University 3.00 08/01/2014 12.7 506 565 Michigan State University 3.00 05/01/2020 10.96 342 ---------- MINNESOTA -------- 950 Augsburg College 3.00 04/01/2016 12.95 575 415 College of St. Thomas 3.00 04/01/2017 12.95 243 ---------- MISSISSIPPI -------- 100 Jackson State University 3.00 01/01/2007 12.5 86 40 Mississippi Valley State 3.00 07/01/2008 11.89 34 103 Tougaloo College 3.00 06/01/2021 12.44 55 ---------- MISSOURI -------- 223 Missouri Southern State College 3.00 12/01/2008 10.56 185 133 Missouri Western State College 3.00 10/01/2008 11.77 113 ---------- NEBRASKA -------- 88 University of Nebraska 3.00 07/01/2013 10.59 65 ---------- NEW HAMPSHIRE -------- 245 Daniel Webster College 3.00 04/01/2019 12.99 134 258 New England College 3.625 10/01/2013 12.37 185 750 New England College 3.00 04/01/2019 12.96 412 423 Rivier College 3.625 04/01/2014 12.78 287 ---------- NEW JERSEY -------- 89 Fairleigh Dickinson University 3.00 11/01/2020 12.09 50 180 Montclair State College 3.00 07/01/2008 11.32 152 ---------- NEW YORK -------- 135 Alfred University 3.00 11/01/2007 12.41 118 454 Long Island University 3.00 06/01/2016 12.34 284 103 Long Island University 3.75 10/01/2005 12.42 98 891 Sarah Lawrence College 3.00 11/01/2021 12.64 479 ---------- NORTH CAROLINA -------- 82 Montreat-Anderson College 3.00 12/01/2019 12.19 46 275 North Carolina State University 3.00 09/01/2006 8.02 260 1010 University of North Carolina 3.00 01/01/2018 11.49 616 ---------- OHIO -------- 1335 Case Western Reserve University 3.00 04/01/2016 10.54 903 520 Kent State University 3.00 12/01/2008 10.55 431 81 Riverside Hospital 3.00 04/01/2007 13.09 75 166 University of Steubenville 3.375 04/01/2012 12.88 118 234 University of Steubenville 3.00 04/01/2017 12.96 137
SEE ACCOMPANYING ACCOUNTANTS' COMPILATION REPORT AND NOTES TO FINANCIAL STATEMENTS. 24
INTERNAL OUTSTANDING STATED RATE OF AMORTIZED PRINCIPAL INTEREST MATURITY RETURN %(A) COST (NOTES BALANCE DESCRIPTION RATE % DATE (UNAUDITED) 1 AND 2) - ------------- --------------------------------------------- ---------- ---------- ------------ ------------ ---------- PENNSYLVANIA -------- $ 442 Carnegie - Mellon University 3.00 11/01/2017 10.45 $ 294 500 Harcum Junior College 3.00 11/01/2015 12.44 323 40 Susquehanna University 3.00 11/01/2006 12.44 37 285 Susquehanna University 3.625 11/01/2014 12.32 197 90 Swarthmore College 3.00 11/01/2013 12.3 62 328 Temple University 3.375 11/01/2014 11.99 231 ---------- RHODE ISLAND -------- 286 Community College of Rhode Island 3.00 04/01/2018 12.1 174 ---------- SOUTH CAROLINA -------- 23 Benedict College 3.00 11/01/2006 12.42 21 715 College of Charleston 3.00 07/01/2016 12.02 456 624 Morris College 3.00 11/01/2013 12.42 431 ---------- SOUTH DAKOTA -------- 14 Black Hills State College 3.00 10/01/2005 11.76 13 34 Black Hills State College 3.00 10/01/2007 11.77 30 ---------- TENNESSEE -------- 95 Bryan College 3.00 02/01/2010 12.68 74 154 Vanderbilt University 3.00 08/01/2005 10.69 147 334 Vanderbilt University 3.00 06/30/2009 10.39 278 ---------- TEXAS -------- 413 Jarvis Christian College 3.00 04/01/2019 12.96 228 123 Laredo Junior College 3.00 08/01/2009 11.82 100 123 St. Edward's University 3.625 04/01/2013 12.8 86 70 Texas College 3.00 04/01/2007 13.09 60 428 Texas Tech University 3.625 03/01/2013 10.8 319 2795 Texas Tech University 3.375-3.50 03/01/2012 10.83 2139 ---------- VERMONT -------- 930 Middlebury College 3.00 04/01/2018 12.87 572 55 St. Michael's College 3.00 04/01/2008 13.06 47 2153 University of Vermont 3.00 10/01/2019 12.19 1235 ---------- VIRGINIA -------- 1390 Old Dominion University 3.00 06/01/2013 11.7 976 ---------- WASHINGTON -------- 60 Western Washington University 3.00 10/01/2007 11.16 53 - ------------- ------------ 36,954 Total College and University Loans 23,519 - ------------- Allowance for Loan Losses 760 ------------ Net Loans of the Trust 22,759 ------------
SEE ACCOMPANYING ACCOUNTANTS' COMPILATION REPORT AND NOTES TO FINANCIAL STATEMENTS. 25
INTERNAL OUTSTANDING STATED RATE OF AMORTIZED PRINCIPAL INTEREST MATURITY RETURN %(A) COST (NOTES BALANCE DESCRIPTION RATE % DATE (UNAUDITED) 1 AND 2) - ------------- --------------------------------------------- ---------- ---------- ------------ ------------ INVESTMENT AGREEMENTS (41.7%) $ 2,704 FNMA #787 Liquidity Fund 8.00 12/01/2014 8.00 $ 2,704 13,594 FNMA #786 Revenue Fund 5.00 12/01/2014 5.00 13,594 - ------------- ------------ 16,298 Total Investment Agreements 16,298 - ------------- ------------ $ 53,252 Total Investments (100.0%) $ 39,057 ============= ============
(A) Represents the rate of return based on the contributed cost and the amortization to maturity. SEE ACCOMPANYING ACCOUNTANTS' COMPILATION REPORT AND NOTES TO FINANCIAL STATEMENTS. 26 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 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, GMAC Commercial Mortgage Corporation, is attached. (4) Attestation Report of Independent Accountants, PricewaterhouseCoopers, LLP, is attached. (5) GMAC 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. 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/ Diana J. Kenneally Assistant Vice President ----------------------------------------------------- Date August 8, 2005 ------------------------ 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/ Diana J. Kenneally Assistant Vice President ----------------------------------------------------- Date August 8, 2005 ------------------------ EX-99.2 2 a2161439zex-99_2.txt EXHIBIT 99.2 Exhibit 99.2 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 included in the report and required to be 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, that is included in this report. In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: GMAC Commercial Mortgage Corporation and J.P. Morgan Trust Company National Association. Date: August 8, 2005 -------------- /s/ Bryan Calder ---------------- Bryan Calder Executive Vice President EX-99.3T1 3 a2161439zex-99_3t1.txt EXHIBIT 99.3T1 Exhibit 99.3T1 [GMAC COMMERCIAL MORTGAGE LOGO] Annual Certification by Officer For the Year Ended December 31, 2004 UNITED STATES DEPARTMENT OF EDUCATION COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE Pursuant to Section 206 and 207 of the Servicing Agreement, I attest that: i. A review of the activities of GMAC Commercial Mortgage Corporation as 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, GMAC Commercial Mortgage Corporation as 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 GMAC Commercial Mortgage Corporation as Servicer is in compliance with the requirements of Section 202. GMAC COMMERCIAL MORTGAGE CORPORATION /s/ Brian T. Stauffer By: Brian T. Stauffer Title: Senior Vice President Date: February 20, 2005 ..2G 200 Wilmer Road - P.O. Box 1015 - Horsham, PA 19044-8015 EX-99.4 4 a2161439zex-99_4.txt EXHIBIT 99.4 Exhibit 99.4 GMAC COMMERCIAL MORTGAGE CORPORATION REPORT ON COMPLIANCE WITH MINIMUM MASTER SERVICING STANDARDS DECEMBER 31, 2004 [PRICEWATERHOUSECOOPERS LLP LOGO] PRICEWATERHOUSECOOPERS LLP PricewaterhouseCoopers Center 300 Madison Avenue New York NY 10017 Telephone (646) 471 3000 Facsimile (813) 286 6000 REPORT OF INDEPENDENT ACCOUNTANTS To the Board of Directors and Shareholder of GMAC Commercial Mortgage Corporation: We have examined management's assertion, dated February 14, 2005, about GMAC Commercial Mortgage Corporation's (the "Company's") compliance with its established minimum master servicing policy ("Master Servicing Policy"), which management derived from the Mortgage Bankers Association of America's UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS (USAP), as of and for the year ended December 31, 2004 included in the accompanying management assertion (see Exhibit I). Management is responsible for the Company's compliance with the Master Servicing Policy. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination. Our examination was made in accordance with the standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the Master Servicing Policy and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination of the Company's compliance with the Master Servicing Policy. In our opinion, management's assertion that, except for instances of noncompliance, the Company complied with the aforementioned Master Servicing Policy as of and for the year ended December 31, 2004 is fairly stated, in all material respects. /s/ PricewaterhouseCoopers LLP February 14, 2005 EXHIBIT I MANAGEMENT'S ASSERTION CONCERNING COMPLIANCE WITH MINIMUM MASTER SERVICING STANDARDS February 14, 2005 As of and for the year ended December 31, 2004, for the master servicing transactions included in Exhibit II, GMAC Commercial Mortgage Corporation has complied, in all material respects, with the applicable minimum master servicing standards set forth in the company's Master Servicing Policy (attached in Exhibit III), which were derived from the Mortgage Bankers Association of America's UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS, except with respect to the requirement to timely prepare bank reconciliations for custodial bank accounts and timely clear reconciling items, for which the company was not in compliance during the year. As of December 31, 2004, the company was covered by various General Motors Corporation insurance policies providing $300 million of fidelity bond insurance and $100 million of errors and omissions insurance. /s/ Robert D. Feller - ------------------------------------------- Robert D. Feller Chief Executive Officer /s/ Michael I. Lipson - ------------------------------------------- Michael I. Lipson Executive Vice President, Global Servicing /s/ Wayne D. Hoch - ------------------------------------------- Wayne D. Hoch Executive Vice President and Chief Financial Officer EXHIBIT II GMAC COMMERCIAL MORTGAGE CORPORATION TRANSACTIONS ASSOCIATED WITH MASTER SERVICING RESPONSIBILITIES 277 PARK AVE FINANCE CORP ACMF I SERIES 1997-C1 AETNA, SERIES 1995-C5 AMC DEPOSITOR, SERIES 1999-1 ASC, SERIES 1996-D3 ASC, SERIES 1997-D4 ASW, SERIES 1993-2 ATHERTON - PAINE WEBBER WHSE ATHERTON, SERIES 1997-1 ATHERTON, SERIES 1998-A ATHERTON, SERIES 1999-A BACM, SERIES 2001-C1 BANK OF AMERICA 2002-X1 BKB, SERIES 1997-C1 Cal West Trust II CALSTRS, SERIES 2002-C6 CAPCO, SERIES 1998-D7 CAPITAL TRUST RE CDO 2004-1 CBM, SERIES 1996-1 CDC, SERIES 2002-FX1 CG, Series 2004-FL1 CHASE, SERIES 1996-1 CHASE, SERIES 1996-2 CHASE, SERIES 1997-1 CHASE, SERIES 1997-2 CHASE, SERIES 1998-2 CHASE, SERIES 2000-FL1 CHASE, SERIES 2001-FL1 CHASE-FIRST UNION, 1999-1 CITIBANK, SERIES 1994-C2 CITICORP LEASE TRUST, SERIES 1999-1 COLUMBIA CTR TRUST, 2000-CCT COLUMN, SERIES 2002-CCL1 COMM, SERIES 2001-FL5 COMM, SERIES 2001-J2 COMM, SERIES 2003-LNB1 COMM, Series 2004-LNB2 COMM, Series 2004-LNB4 CSFB, SERIES 1995-M1 CSFB, SERIES 1997-PS1 CSFB, SERIES 1998-PS2 CSFB, SERIES 1999-PS3 CSFB, SERIES 2000-C1 CSFB, SERIES 2000-PS4 CSFB, SERIES 2001-CF2 CSFB, SERIES 2001-SPG1 DAIWA, SERIES 1993-1 DENVER PUBLIC SCHOOLS RET. DEUTSCHE BANG MORTGAGE (184) DLJ, SERIES 1996-CF1 DLJ, SERIES 1997-CF1 DLJ-FB, SERIES 1994-MF1 ED I ED II EMAC, SERIES 1998-1 EMAC, SERIES 1999-1 EMAC, SERIES 2000-1 FIRST BOSTON, SERIES 1995-MF1 FMAC, SERIES 1991-A 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 FNMA, SERIES 1998-M1 FOREST CITY, SERIES 1994-1 FREEHOLD RACEWAY MALL 2001-FRM G3 STRATEGIC INV. LP 2002 WL1 GAFCO FRANCHISE 1998-1 GFCM 2003-1 GGP MALL PROP TR, SERIES 2001-GGP1 GIA SERIES 2001-A GMACCM 2003-C2 GMACCM CANADA, SERIES 2002-FL1 GMACCM HF1, SERIES 1999-1 GMACCM HF1, SERIES 1999-2 GMACCM Seniors 2003-A GMACCM, SERIES 1996-C1 GMACCM, SERIES 1996-C2 GMACCM, SERIES 1997-C1 GMACCM, SERIES 1997-C2 GMACCM, SERIES 1998-C1 GMACCM, SERIES 1998-C2 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 2000-FL1 GMACCM, SERIES 2000-FLA GMACCM, SERIES 2000-FLB GMACCM, SERIES 2000-FLE GMACCM, SERIES 2000-FLF GMACCM, SERIES 2001-A GMACCM, SERIES 2001-C1 GMACCM, SERIES 2001-C2 GMACCM, SERIES 2001-FL1 GMACCM, SERIES 2001-FLA GMACCM, SERIES 2002-C1 GMACCM, SERIES 2002-C2 GMACCM, SERIES 2002-C3 GMACCM, SERIES 2002-FL1 GMACCM, SERIES 2002-LT GMACCM, SERIES 2003 DOUBLE EAGLE GMACCM, SERIES 2003-C1 GMACCM, Series 2003-C3 GMACCM, Series 2003-FL1 GMACCM, SERIES 2003-FLA GMACCM, SERIES 2003-FL-SNF GMACCM, Series 2003-PMSRLP GMACCM, Series 2004-C1 GMACCM, SERIES 2004-C2 GMACCM, Series 2004-C3 G-MAX 2002 FL-A G-MAX 2002-FX-1 GSMCII, Series 2003-C1 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 2002-GSFL V HUD IPS, SERIES 2003-1 ISTAR, SERIES 2002-1 ISTAR, SERIES 2003-1 JPMC 2002-C3 JPMC, SERIES 2001-A JPMC, SERIES 2001-CIBC1 JPMC, Series 2004-C1 JPMC, SERIES 2004-C2 JPMC, Series 2004-CIBC10 JPMC, Series 2004-CIBC8 JPMC, SERIES 2004-CIBC9 JPMC, SERIES 2004-LN2 KS MORTGAGE CAP, SERIES 1995-1 LAKEWOOD MALL LEHMAN, SERIES 1992-1 LEHMAN, SERIES 1992-2 LEHMAN, SERIES 1994-C2 LEHMAN, SERIES 1995-C2 LEHMAN, SERIES 1996-1 LEHMAN, SERIES 1996-C2 LEHMAN, SERIES 1998-C1 LEHMAN, SERIES 2003-C4 LIBRARY TOWER, SERIES 1998-1 LLL, SERIES 1997-LL1 LONG LANE MASTER TRUST IV LTC, SERIES 1996-1 LTC, SERIES 1998-1 MALL OF AMERICA, SERIES 2000-1 MCF, SERIES 1993-C1-C2 MCF, SERIES 1995-MC1 MCF, SERIES 1996-MC1 MCF, SERIES 1996-MC2 MCF, SERIES 1998-MC1 MCF, SERIES 1998-MC3 MERRILL, SERIES 1995-C1 MERRILL, SERIES 1995-C2 MERRILL, SERIES 1995-C3 MERRILL, SERIES 1996-C1 MERRILL, SERIES 1997-C1 MERRILL, SERIES 1998-C1-CTL MERRILL, SERIES 1999-C2 MERRILL, SERIES 2000-C3 MERRILL, SERIES 2000-C4 MERRILL, SERIES 2001-C5 MERRILL, SERIES 2001-LBC MERRILL, SERIES 2002-BC2P MERRILL, SERIES 2002-C7 MERRILL, SERIES 2002-C8 MERRILL, SERIES 2003-C10 MERRILL, SERIES 2003-C11 ML, SERIES 2003-C9 MORGAN, SERIES 1996-C1 MORGAN, SERIES 1997-C1 MORGAN, SERIES 1997-XL I MORGAN, SERIES 1998-CF1 MORGAN, SERIES 1998-HF1 MORGAN, SERIES 1998-HF2 MORGAN, SERIES 1999-RM1 MORGAN, SERIES 2002-HQ MSCI 2004-HQ4 MSDW 2003-IQ4 MSDW CAPTIAL I TRUST 2002-IQ3 MSDW, SERIES 1997-HF1 MSDW, SERIES 1999-FNV1 MSDW, SERIES 2001-IQ MSDW, SERIES 2001-PPM MSDW, SERIES 2002-WM MSDW, Series 2003-IQ5 NATIONS LINK, SERIES 1996-1 NB, SERIES-DMC NEW ENDLAND MUTUAL LIFE, SERIES 1993-1 NOMURA MEGADEAL, SERIES 1995-MD IV NOMURA MEGADEAL, SERIES 1996-MD V NOMURA, SERIES 1993-1 NOMURA, SERIES 1994-MD1 NOMURA, SERIES 1996 MD VI NOMURA, SERIES 1998-D6 NOMURA, SERIES 1998-STI OREGAN, SERIES 1995-1 PAINE WEBBER, SERIES 1996-M1 REAL-T, Series 2004-1 SALOMON, SERIES 1999-C1 SALOMON, SERIES 2000-C1 SASCO, SERIES 1995-C4 SC FUNDING, SERIES 1993-1 SDG MACERICH PROPERTIES LP CMO SL COMMERCIAL, SERIES 1997-C1 SOLAR TRUST, SERIES 2001-1 SOLAR TRUST, SERIES 2002-1 Solar Trust, Series 2003-CC1 STRUCTURED MTG, SERIES 1994-M1 U-HAUL, SERIES 1993-1 EXHIBIT III GMAC COMMERCIAL MORTGAGE CORPORATION 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 forty-five (45) calendar days after the cutoff date, but in any event in accordance with the applicable servicing agreements; - be reviewed and approved by someone other than the person who prepared the reconciliation; and - evidence explanations for reconciling items which shall be resolved within ninety (90) calendar days of identification. 2. Funds of the servicing entity shall be advanced as specified in the applicable servicing agreements in cases where there is potential for an overdraft in an investor's account or a request letter has been received from a subservicer for a servicing advance stipulated by the subservicing agreement. 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. II. MORTGAGE PAYMENTS 1. Mortgage payments shall be deposited into the custodial bank accounts and related bank clearing accounts within two business days of receipt from the subservicer. 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 from the subservicer. III. DISBURSEMENTS 1. Remittances 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. Monthly investor reports shall be sent in a timely manner listing loan level detail of payments and balances, and all other data required by the servicing agreements. 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 a subservicer's year-end, the subservicer's management assertions about compliance with minimum servicing standards, which were derived form the Mortgage Bankers 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 subservicer agreement shall be obtained by April 30th for the previous calendar year. EX-99.5 5 a2161439zex-99_5.txt EXHIBIT 99.5 Exhibit 99.5 GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I COLLECTION ACCOUNT ACTIVITY REPORT FOR THE PERIOD OF DECEMBER 1, 2004 THROUGH DECEMBER 31, 2004 COLLECTIONS: Principal Payments 368,479.01 Interest Payments 126,928.89 ============== TOTAL PRINCIPAL AND INTEREST COLLECTIONS 495,407.90 -------------- Payments and Reversals Posted to Suspense (64,732.11) ============== TOTAL COLLECTIONS 430,675.79 -------------- Less: Servicing Fees (not withheld from remittances) (1,474.77) -------------- NET COLLECTIONS 429,201.02 ==============
GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I SERVICE FEES SCHEDULE FOR THE PERIOD OF DECEMBER 1, 2004 THROUGH DECEMBER 31, 2004
GMACCM PRINCIPAL SERVICE DATE DUE NUMBER BORROWER NAME PRINCIPAL DUE INTEREST DUE TOTAL DUE BALANCE FEES - ------------------------------------------------------------------------------------------------------------------------ 12302004 20002401 BOSTON UNIVER 15060.68 11066.24 26126.92 737749.48 202.88 12012004 20010801 LONG ISLAND U 0 6675 6675 453999.98 124.85 12012004 20012501 MISSOURI SOUT 50000 4095 54095 272999.99 75.07 12012004 20013001 MONTREAT-ANDE 2400 1308 3708 87200 23.98 12012004 20014401 DOMNION UNIV. 0 20850 20850 1389999.99 382.25 12072004 20018701 SUOMI COLLEGE 7056.84 7018.68 14075.52 2406403.33 536.11 12012004 20019601 TOUGALOO COLL 0 1545 1545 103000 28.33 12302004 20023102 VANDERBLT/GEO 34418.33 5525.54 39943.87 368369.05 101.30 TOTALS: 108,935.85 58,083.46 167,019.31 5,819,721.82 1,474.77 =========================================================================
2 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I PAID-IN-FULL LOANS FOR THE PERIOD OF DECEMBER 1, 2004 THROUGH DECEMBER 31, 2004
LOAN PAYOFF TOTAL AMOUNT PRINCIPAL INTEREST NUMBER DATE PAID AMOUNT AMOUNT OTHER FEES MATURITY DATE - ---------------------------------------------------------------------------------------------------------- 20005401 12-10-04 269,000.00 269,000.00 0.00 04-01-2016 TOTAL: 269,000.00 269,000.00 - - ==================================================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I SUMMARY OF PARTIAL PREPAYMENTS FOR THE PERIOD OF DECEMBER 1, 2004 THROUGH DECEMBER 31, 2004
TOTAL AMOUNT PRINCIPAL INTEREST LOAN NUMBER PAYOFF DATE PAID AMOUNT AMOUNT ------------------------------------------------------------ None to Report -- 0.00 0.00 0 TOTAL: - - - =============================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I TRIAL BALANCE AS OF DECEMBER 31, 2004
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3 950000 10-01-2015 20000401 UNIVERSITY OF ALFRED 3 135000 11-01-2007 20000601 ALMA COLLEGE 3 290000 4-01-2010 20000902 ANDERSON COLLEGE 3 150000 3-01-2010 20001201 ATLANTIC UNION COLLEGE 3 172554.67 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3 1020000 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3 603000 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3 23000 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3 48000 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3 236000 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3 14000 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3 34000 10-01-2007 20002401 BOSTON UNIVERITY 3 722688.8 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3 103000 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3 1320000 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3 457000 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3 1435000 4-01-2016 20003901 COLLEGE OF CHARLESTON 3 715000 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3 445000 4-01-2017 20004401 R.I. JR. COLLEGE 3 296000 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3 409999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3 260000 4-01-2019 20005801 DRAKE UNIVERSITY 3 730000 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3 210000 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3 91336.31 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3 90000 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3 17000 2-01-2006 20007201 FOOTHILL COLLEGE 3 40000 10-01-2006 20007902 GRAMBLING COLLEGE 3 175000 10-01-2005 20008201 HAMPSHIRE COLLEGE 3 51000 11-01-2006 20008301 HARCUM COLLEGE 3 500000 11-01-2015 20008401 HAVERFORD COLL 3.625 310000 11-01-2013 20009201 JACKSON STATE COLLEGE 3 150000 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3 438000 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3 42000 4-01-2006 20009702 KENT STATE UNIVERSITY 3 650000 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3 123000 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3 453999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 103000 10-01-2005 20012001 MICHIGAN STATE UNIVERSITY 3 579820.97 5-01-2020 20012101 MIDDLEBURY COLLEGE 3 970000 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3 40000 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3 222999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3 133000 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3 180000 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3 230000 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3 84800 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3 624000 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.625 257999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3 795000 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3 275000 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3 1389999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3 81000 4-01-2007
6
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------------------- 20016201 RIVIER COLLEGE 3.625 463000 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3 320000 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3 670000 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3 913002.78 11-01-2021 20016701 SCRIPPS COLLEGE 3 28000 10-01-2005 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.5 190000 4-01-2005 20017801 SPRINGFIELD COLLEGE 3 97581.45 5-01-2011 20018001 ST.EDWARDS UNIVERSITY 3.625 136000 4-01-2013 20018302 ST. MICHAELS COLLEGE 3 80000 4-01-2008 20018601 STILLMAN COLLEGE 3 10000 2-01-2007 20018701 FINLANDIA UNIVERSITY 3.5 2426983.12 8-06-2014 20018801 SUSQUEHANNA UNIVERSITY 3 40000 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.625 285000 11-01-2014 20018901 SWARTHMORE COLLEGE 3 94710.81 11-01-2013 20019101 TAYLOR UNIVERISTY 3 340000 10-01-2010 20019201 TEMPLE UNIVERSITY 3.375 328000 11-01-2014 20019401 TEXAS STATE COLLEGE 3 105000 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.625 473000 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.375 3145000 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3 103000 6-01-2021 20020001 UNIVERSITY OF ALABAMA 3 1486000 5-01-2021 20020803 UNIVERSITY OF FLORIDA 3 113000 1-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA 3 270000 10-01-2006 20021301 UNIVERSITY OF MONTEVALLO 3 207000 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3 92000 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3 1075000 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3 1350000 4-01-2018 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3 1450000 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.375 186000 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3 250000 4-01-2017 20022701 UNIVERSITY OF VERMONT 3 2212000 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3 153895 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3 333950.72 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3 980000 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3 60000 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3 420000 10-01-2017 TOTALS: 40,764,324.57 =============
7 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I DELINQUENCY REPORT (60+DAYS) AS OF DECEMBER 31, 2004
GMACCM NEXT PAYMENT P AND I LOAN NUMBER BORROWER NAME DUE DUE CURRENT UPB - ------------------------------------------------------------------------------- 20010801 LONG ISLAND UNIVERSITY 6-01-2004 8,999.98 453,999.98 20008201 HAMPSHIRE COLLEGE 11-01-2004 17,765.00 51,000.00 20008401 HAVERFORD COLLEGE 11-01-2004 30,618.75 310,000.00 ---------------------- TOTAL 57,383.73 814,999.98 ======================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I LIQUIDATION REPORT AS OF DECEMBER 31, 2004 NONE TO REPORT FOR THIS PERIOD GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I COLLECTION ACCOUNT ACTIVITY REPORT FOR THE PERIOD OF JANUARY 1, 2005 THROUGH JANUARY 31, 2005 COLLECTIONS: Principal Payments 396,480.79 Interest Payments 94,232.06 ============== TOTAL PRINCIPAL AND INTEREST COLLECTIONS 490,712.85 -------------- Payments and Reversals Posted to Suspense 223,508.77 ============== TOTAL COLLECTIONS 714,221.62 -------------- Less: Servicing Fees (not withheld from remittances) (1,183.86) -------------- NET COLLECTIONS 713,037.76 ==============
GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I SERVICE FEES SCHEDULE FOR THE PERIOD OF JANUARY 1, 2005 THROUGH JANUARY 31, 2005
GMACCM PRINCIPAL SERVICE DATE DUE NUMBER BORROWER NAME PRINCIPAL DUE INTEREST DUE TOTAL DUE BALANCE FEES - ------------------------------------------------------------------------------------------------------------------------- 1012005 20003901 COLL. OF CHAR 0 10725 10725 715000 196.63 1012005 20006801 FLORIDA ATLAN 0 1350 1350 90000 24.75 1012005 20009201 JACKSON ST. 50000 2250 52250 150000 41.25 1012005 20012401 MISSISSIPPI V 0 600 600 40000 11.00 1012005 20012801 MONTCLAIR COL 0 2700 2700 180000 49.50 1072005 20018701 SUOMI COLLEGE 6844.16 7231.36 14075.52 2399346.49 109.97 1012005 20020803 UNIV. OF FLOR 113000 1695 114695 113000 31.08 1012005 20021401 U OF NEBRASKA 4000 1380 5380 92000 25.30 1012005 20021603 NORTH CAROLIN 65000 16125 81125 1075000 295.63 1012005 20022401 SOUTH FLORIDA 0 21750 21750 1450000 398.75 TOTALS: 238,844.16 65,806.36 304,650.52 6,304,346.49 1,183.86 =============================================================================
2 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I PAID-IN-FULL LOANS FOR THE PERIOD OF JANUARY 1, 2005 THROUGH JANUARY 31, 2005
LOAN PAYOFF TOTAL AMOUNT PRINCIPAL INTEREST NUMBER DATE PAID AMOUNT AMOUNT OTHER FEES MATURITY DATE - ---------------------------------------------------------------------------------- 20020803 1-03-05 114,695.00 113,000.00 1,695.00 1-01-2005 TOTAL: 114,695.00 113,000.00 1,695.00 - ===============================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I SUMMARY OF PARTIAL PREPAYMENTS FOR THE PERIOD OF JANUARY 1, 2005 THROUGH JANUARY 31, 2005
TOTAL AMOUNT PRINCIPAL INTEREST LOAN NUMBER PAYOFF DATE PAID AMOUNT AMOUNT -------------------------------------------------------- None to Report -- 0.00 0.00 0 TOTAL: - - - ===========================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I TRIAL BALANCE AS OF JANUARY 31, 2005
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3 950,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3 135,000.00 11-01-2007 20000601 ALMA COLLEGE 3 290,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3 150,000.00 3-01-2010 20001201 ATLANTIC UNION COLLEGE 3 172,554.67 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3 1,020,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3 603,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3 23,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3 48,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3 236,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3 14,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3 34,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3 722,688.80 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3 103,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3 1,320,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3 457,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3 1,435,000.00 4-01-2016 20003901 COLLEGE OF CHARLESTON 3 715,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3 445,000.00 4-01-2017 20004401 R.I. JR. COLLEGE 3 296,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3 409,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3 260,000.00 4-01-2019 20005801 DRAKE UNIVERSITY 3 730,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3 210,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3 91,336.31 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3 90,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3 17,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3 40,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3 175,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3 500,000.00 11-01-2015 20008401 HAVERFORD COLL 3.625 310,000.00 11-01-2013 20009201 JACKSON STATE COLLEGE 3 100,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3 438,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3 42,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3 520,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3 123,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3 453,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 103,000.00 10-01-2005 20012001 MICHIGAN STATE UNIVERSITY 3 579,820.97 5-01-2020 20012101 MIDDLEBURY COLLEGE 3 970,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3 40,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3 222,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3 133,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3 180,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3 230,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3 84,800.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3 624,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.625 257,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3 795,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3 275,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3 1,389,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3 81,000.00 4-01-2007
5
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------- 20016201 RIVIER COLLEGE 3.625 463,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3 320,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3 670,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3 913,002.78 11-01-2021 20016701 SCRIPPS COLLEGE 3 28,000.00 10-01-2005 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.5 190,000.00 4-01-2005 20017801 SPRINGFIELD COLLEGE 3 97,581.45 5-01-2011 20018001 ST. EDWARDS UNIVERSITY 3.625 136,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3 80,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3 10,000.00 2-01-2007 20018701 FINLANDIA UNIVERSITY 3.5 2,392,502.33 8-06-2014 20018801 SUSQUEHANNA UNIVERSITY 3 40,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.625 285,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3 94,710.81 11-01-2013 20019101 TAYLOR UNIVERISTY 3 340,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.375 328,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3 105,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.625 473,000.00 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.375 3,145,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3 103,000.00 6-01-2021 20020001 UNIVERSITY OF ALABAMA 3 1,486,000.00 5-01-2021 20021001 UNIVERSITY OF HAWAII AT MANOA 3 270,000.00 10-01-2006 20021301 UNIVERSITY OF MONTEVALLO 3 207,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3 88,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3 1,010,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3 1,350,000.00 4-01-2018 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3 1,450,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.375 186,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3 250,000.00 4-01-2017 20022701 UNIVERSITY OF VERMONT 3 2,212,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3 153,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3 333,950.72 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3 980,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3 60,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3 420,000.00 10-01-2017 TOTALS: 40,367,843.78 =============
6 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I DELINQUENCY REPORT (60+DAYS) AS OF JANUARY 31, 2005
GMACCM NEXT PAYMENT P AND I LOAN NUMBER BORROWER NAME DUE DUE CURRENT UPB - ------------------------------------------------------------------------------- 20010801 LONG ISLAND UNIVERSITY 6-01-2004 8,999.98 453,999.98 20008201 HAMPSHIRE COLLEGE 11-01-2004 17,765.00 51,000.00 20008401 HAVERFORD COLLEGE 11-01-2004 30,618.75 310,000.00 ---------------------- TOTAL 57,383.73 814,999.98 ======================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I LIQUIDATION REPORT AS OF JANUARY 31, 2005 NONE TO REPORT FOR THIS PERIOD GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I COLLECTION ACCOUNT ACTIVITY REPORT FOR THE PERIOD OF FEBRUARY 1, 2005 THROUGH FEBRUARY 28, 2005 COLLECTIONS: Principal Payments 27,864.78 Interest Payments 13,248.10 ============== TOTAL PRINCIPAL AND INTEREST COLLECTIONS 41,112.88 -------------- Payments and Reversals Posted to Suspense 82.64 ============== TOTAL COLLECTIONS 41,195.52 -------------- Less: Servicing Fees (not withheld from remittances) (221.57) -------------- NET COLLECTIONS 40,973.95 ==============
GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I SERVICE FEES SCHEDULE FOR THE PERIOD OF FEBRUARY 1, 2005 THROUGH FEBRUARY 28, 2005
GMACCM PRINCIPAL SERVICE DATE DUE NUMBER BORROWER NAME PRINCIPAL DUE INTEREST DUE TOTAL DUE BALANCE FEES - -------------------------------------------------------------------------------------------------------------------------- 2012005 20002501 BRYAN COLLEGE 8,000.00 1,545.00 9,545.00 103,000.00 28.33 2012005 20006901 FLORIDA TECH 9,000.00 255.00 9,255.00 17,000.00 4.68 2012005 20010301 LAREDO MUN. J 0.00 1,845.00 1,845.00 123,000.00 33.83 2012005 20018601 STILLMAN COLL 4,000.00 150.00 4,150.00 10,000.00 2.75 2072005 20018701 SUOMI COLLEGE 6,864.78 7,210.74 14,075.52 2,392,502.33 109.66 2012005 20023101 VANDERBLT/GEO 0.00 2,308.42 2,308.42 153,895.00 42.32 TOTALS: 27,864.78 13,314.16 41,178.94 2,799,397.33 221.57 =============================================================================
2 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I PAID-IN-FULL LOANS FOR THE PERIOD OF FEBRUARY 1, 2005 THROUGH FEBRUARY 28, 2005
LOAN PAYOFF TOTAL AMOUNT PRINCIPAL INTEREST NUMBER DATE PAID AMOUNT AMOUNT OTHER FEES MATURITY DATE - ---------------------------------------------------------------------------------------------------------- NONE TO REPORT THIS MONTH TOTAL: - - - - ==================================================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I SUMMARY OF PARTIAL PREPAYMENTS FOR THE PERIOD OF FEBRUARY 1, 2005 THROUGH FEBRUARY 28, 2005
TOTAL AMOUNT PRINCIPAL INTEREST LOAN NUMBER PAYOFF DATE PAID AMOUNT AMOUNT ------------------------------------------------------------ None to Report -- 0.00 0.00 0 TOTAL: - - - =============================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I TRIAL BALANCE AS OF FEBRUARY 28, 2005
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 950,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 135,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 290,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 150,000.00 3-01-2010 20001201 ATLANTIC UNION COLLEGE 3.00 172,554.67 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 1,020,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 603,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 23,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 48,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 236,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 14,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 722,688.80 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 95,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,320,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 457,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,435,000.00 4-01-2016 20003901 COLLEGE OF CHARLESTON 3.00 715,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 445,000.00 4-01-2017 20004401 R.I. JR. COLLEGE 3.00 296,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 409,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 260,000.00 4-01-2019 20005801 DRAKE UNIVERSITY 3.00 730,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 210,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 91,336.31 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 90,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 8,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 40,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 175,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 500,000.00 11-01-2015 20008401 HAVERFORD COLL 3.63 310,000.00 11-01-2013 20009201 JACKSON STATE COLLEGE 3.00 100,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 438,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 42,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 520,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 123,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 453,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 103,000.00 10-01-2005 20012001 MICHIGAN STATE UNIVERSITY 3.00 579,820.97 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 970,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 40,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 222,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 133,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 180,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 230,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 84,800.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 624,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 257,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 795,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 275,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,389,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 81,000.00 4-01-2007
5
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------------- 20016201 RIVIER COLLEGE 3.63 463,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3.00 320,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 670,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 913,002.78 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 28,000.00 10-01-2005 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.50 190,000.00 4-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 97,581.45 5-01-2011 20018001 ST. EDWARDS UNIVERSITY 3.63 136,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 80,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 6,000.00 2-01-2007 20018701 FINLANDIA UNIVERSITY 3.50 2,385,637.55 8-06-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 40,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 285,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 94,710.81 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 340,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 328,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 105,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 473,000.00 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.38 3,145,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 103,000.00 6-01-2021 20020001 UNIVERSITY OF ALABAMA 3.00 1,486,000.00 5-01-2021 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 270,000.00 10-01-2006 20021301 UNIVERSITY OF MONTEVALLO 3.00 207,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 88,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,010,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,350,000.00 4-01-2018 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,450,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.38 186,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3.00 250,000.00 4-01-2017 20022701 UNIVERSITY OF VERMONT 3.00 2,212,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 153,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 333,950.72 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 980,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 60,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 420,000.00 10-01-2017 TOTALS: 40,339,979.00 =============
6 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I DELINQUENCY REPORT (60+DAYS) AS OF FEBRUARY 28, 2005
GMACCM NEXT PAYMENT P AND I LOAN NUMBER BORROWER NAME DUE DUE CURRENT UPB - ---------------------------------------------------------------------------------------------------- 20010801 LONG ISLAND UNIVERSITY 6-01-2004 8,999.98 453,999.98 20008201 HAMPSHIRE COLLEGE 11-01-2004 17,765.00 51,000.00 20008401 HAVERFORD COLLEGE 11-01-2004 30,618.75 310,000.00 ------------------------------ TOTAL 57,383.73 814,999.98 ==============================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I LIQUIDATION REPORT AS OF FEBRUARY 28, 2005 NONE TO REPORT FOR THIS PERIOD GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I COLLECTION ACCOUNT ACTIVITY REPORT FOR THE PERIOD OF MARCH 1, 2005 THROUGH MARCH 31, 2005 COLLECTIONS: Principal Payments 737,581.28 Interest Payments 76,596.88 ----------- TOTAL PRINCIPAL AND INTEREST COLLECTIONS 814,178.16 ----------- Payments and Reversals Posted to Suspense (308,393.50) ----------- TOTAL COLLECTIONS 505,784.66 ----------- Less: Servicing Fees (not withheld from remittances) (1,221.18) ----------- NET COLLECTIONS 504,563.48 ===========
GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I SERVICE FEES SCHEDULE FOR THE PERIOD OF MARCH 1, 2005 THROUGH MARCH 31, 2005
GMACCM PRINCIPAL SERVICE DATE DUE NUMBER BORROWER NAME PRINCIPAL DUE INTEREST DUE TOTAL DUE BALANCE FEES - --------------------------------------------------------------------------------------------------------- 3012005 20000902 ANDERSON COLL 25,000.00 2,250.00 27,250.00 150,000.00 41.25 3012005 20013801 NORTH CAROLIN 0.00 4,125.00 4,125.00 275,000.00 75.63 3072005 20018701 SUOMI COLLEGE 7,581.28 6,494.24 14,075.52 2,385,637.55 109.34 3012005 20019502 TEXAS TECH UN 45,000.00 8,573.12 53,573.12 473,000.00 130.08 3012005 20019504 TEXAS TECH UN 350,000.00 53,071.88 403,071.88 3,145,000.00 864.88 TOTALS: 427,581.28 74,514.24 502,095.52 6,428,637.55 1,221.18 ================================================================
2 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I PAID-IN-FULL LOANS FOR THE PERIOD OF MARCH 1, 2005 THROUGH MARCH 31, 2005
LOAN PAYOFF TOTAL AMOUNT PRINCIPAL INTEREST NUMBER DATE PAID AMOUNT AMOUNT OTHER FEES MATURITY DATE - ------------------------------------------------------------------------------------- 20008401 5-03-31 310,000.00 310,000.00 0.00 1,400.00 11-01-2013 TOTAL: 310,000.00 310,000.00 - 1,400.00 ==================================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I SUMMARY OF PARTIAL PREPAYMENTS FOR THE PERIOD OF MARCH 1, 2005 THROUGH MARCH 31, 2005
TOTAL AMOUNT PRINCIPAL INTEREST LOAN NUMBER PAYOFF DATE PAID AMOUNT AMOUNT ------------------------------------------------------------------------ None to Report -- 0.00 0.00 0 TOTAL: - - - =======================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I TRIAL BALANCE AS OF MARCH 31, 2005
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 950,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 135,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 290,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 125,000.00 3-01-2010 20001201 ATLANTIC UNION COLLEGE 3.00 172,554.67 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 1,020,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 603,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 23,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 48,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 236,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 14,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 722,688.80 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 95,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,320,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 457,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,435,000.00 4-01-2016 20003901 COLLEGE OF CHARLESTON 3.00 715,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 445,000.00 4-01-2017 20004401 R.I. JR. COLLEGE 3.00 296,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 409,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 260,000.00 4-01-2019 20005801 DRAKE UNIVERSITY 3.00 730,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 210,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 91,336.31 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 90,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 8,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 40,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 175,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 500,000.00 11-01-2015 20009201 JACKSON STATE COLLEGE 3.00 100,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 438,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 42,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 520,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 123,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 453,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 103,000.00 10-01-2005 20012001 MICHIGAN STATE UNIVERSITY 3.00 579,820.97 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 970,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 40,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 222,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 133,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 180,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 230,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 84,800.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 624,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 257,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 795,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 275,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,389,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 81,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 463,000.00 4-01-2014
5
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------------- 20016401 CALIFORNIA STATE UNIVERSITY 3.00 320,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 670,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 913,002.78 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 28,000.00 10-01-2005 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.50 190,000.00 4-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 97,581.45 5-01-2011 20018001 ST.EDWARDS UNIVERSITY 3.63 136,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 80,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 6,000.00 2-01-2007 20018701 FINLANDIA UNIVERSITY 3.50 2,378,056.27 8-06-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 40,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 285,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 94,710.81 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 340,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 328,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 105,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 428,000.00 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.38 2,795,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 103,000.00 6-01-2021 20020001 UNIVERSITY OF ALABAMA 3.00 1,486,000.00 5-01-2021 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 270,000.00 10-01-2006 20021301 UNIVERSITY OF MONTEVALLO 3.00 207,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 88,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,010,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,350,000.00 4-01-2018 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,450,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.38 186,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3.00 250,000.00 4-01-2017 20022701 UNIVERSITY OF VERMONT 3.00 2,212,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 153,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 333,950.72 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 980,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 60,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 420,000.00 10-01-2017
6 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I DELINQUENCY REPORT (60+DAYS) AS OF MARCH 31, 2005
GMACCM NEXT PAYMENT P AND I LOAN NUMBER BORROWER NAME DUE DUE CURRENT UPB - -------------------------------------------------------------------------------------------------- 20010801 LONG ISLAND UNIVERSITY 6-01-2004 8,999.98 453,999.98 20008201 HAMPSHIRE COLLEGE 11-01-2004 17,765.00 51,000.00 ------------------------------ TOTAL 26,764.98 504,999.98 ==============================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I LIQUIDATION REPORT AS OF MARCH 31, 2005 NONE TO REPORT FOR THIS PERIOD GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I COLLECTION ACCOUNT ACTIVITY REPORT FOR THE PERIOD OF APRIL 1, 2005 THROUGH APRIL 30, 2005 COLLECTIONS: Principal Payments 1,068,520.94 Interest Payments 281,477.05 ------------ TOTAL PRINCIPAL AND INTEREST COLLECTIONS 1,349,997.99 ------------ Payments and Reversals Posted to Suspense (1,689.14) ------------ TOTAL COLLECTIONS 1,348,308.85 ------------ Less: Servicing Fees (not withheld from remittances) (4,466.41) ------------ NET COLLECTIONS 1,343,842.44 ============
GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I SERVICE FEES SCHEDULE FOR THE PERIOD OF APRIL 1, 2005 THROUGH APRIL 30, 2005
GMACCM SERVICE DATE DUE NUMBER BORROWER NAME PRINCIPAL DUE INTEREST DUE TOTAL DUE PRINCIPAL BALANCE FEES - ---------------------------------------------------------------------------------------------------- 4012005 20000101 ALBION COLLEG 0.00 14,250.00 14,250.00 950,000.00 261.25 4012005 20000601 ALMA COLLEGE 45,000.00 4,350.00 49,350.00 290,000.00 79.75 4012005 20001301 AUGSBERG COLL 70,000.00 15,300.00 85,300.00 1,020,000.00 280.50 4012005 20001401 AZUSA UNIVERS 40,000.00 9,045.00 49,045.00 603,000.00 165.83 4012005 20002101 BIRMINGHAM SO 0.00 720.00 720.00 48,000.00 13.20 4012005 20002102 BIRMINGHAM SO 0.00 3,540.00 3,540.00 236,000.00 64.90 4012005 20002201 BLACKS HILLS 0.00 210.00 210.00 14,000.00 3.85 4012005 20002202 BLACKS HILLS 0.00 510.00 510.00 34,000.00 9.35 4012005 20003001 CASE WESTERN 100,000.00 21,525.00 121,525.00 1,435,000.00 394.63 4012005 20004001 COLL.OF ST. T 30,000.00 6,675.00 36,675.00 445,000.00 122.38 4012005 20004401 R.I. JR. COLL 10,000.00 4,440.00 14,440.00 296,000.00 81.40 4012005 20005201 DANIEL WEBSTE 15,000.00 3,900.00 18,900.00 260,000.00 71.50 4012005 20005801 DRAKE UNIV. 40,000.00 10,950.00 50,950.00 730,000.00 200.75 4012005 20006401 KS.ST.TEACHER 40,000.00 3,150.00 43,150.00 210,000.00 57.75 4012005 20007201 FOOTHILL JUNI 0.00 600.00 600.00 40,000.00 11.00 4012005 20007902 GRAMBLING 0.00 2,625.00 2,625.00 175,000.00 48.13 4012005 20009302 JARVIS CHRIST 25,000.00 6,570.00 31,570.00 438,000.00 120.45 4012005 20009502 SACRED HEART 21,000.00 630.00 21,630.00 42,000.00 11.55 4012005 20010802 LONG ISLAND U 0.00 1,931.25 1,931.25 103,000.00 28.33 4012005 20012101 MIDDLEBURY CO 40,000.00 14,550.00 54,550.00 970,000.00 266.75 4012005 20012601 MISSOURI WEST 0.00 1,995.00 1,995.00 133,000.00 36.58 4012005 20012901 MONTEREY JR C 0.00 3,450.00 3,450.00 230,000.00 63.25 4012005 20013501 NEW ENGLAND C 0.00 4,676.25 4,676.25 257,999.99 70.95 4012005 20013502 NEW ENGLAND C 45,000.00 11,925.00 56,925.00 795,000.00 218.63 4012005 20016101 RIVERSIDE HOS 30,000.00 1,215.00 31,215.00 111,000.00 30.53 4012005 20016201 RIVIER COLLEG 40,000.00 8,391.88 48,391.88 463,000.00 127.33 4012005 20016701 SCRIPPS COLLE 0.00 420.00 420.00 28,000.00 7.70 4012005 20017301 S.E. MISSOURI 190,000.00 3,325.00 193,325.00 190,000.00 52.25 4012005 20018001 ST.EDWARDS 13,000.00 2,465.00 15,465.00 136,000.00 37.40 4012005 20018302 ST. MICHAELS 25,000.00 1,200.00 26,200.00 80,000.00 22.00 4072005 20018701 SUOMI COLLEGE 6,908.32 7,167.20 14,075.52 2,378,056.27 108.99 4012005 20019101 TAYLOR UNIV. 0.00 5,100.00 5,100.00 340,000.00 93.50 4012005 20019401 TEXAS COLLEGE 35,000.00 1,575.00 36,575.00 105,000.00 28.88 4012005 20021001 UNIV HAWAII 0.00 4,050.00 4,050.00 270,000.00 74.25 4012005 20021701 UNIV. OF NOTR 80,000.00 20,250.00 100,250.00 1,350,000.00 371.25 4012005 20022601 UNIV.OF STEUB 20,000.00 3,138.75 23,138.75 186,000.00 51.15 4012005 20022602 UNIV.OF STEUB 16,000.00 3,750.00 19,750.00 250,000.00 68.75 4012005 20022701 UNIV OF VERMO 59,000.00 33,180.00 92,180.00 2,212,000.00 608.30 4012005 20023601 WSTRN WASH. S 0.00 900.00 900.00 60,000.00 16.50 4012005 20023901 XAVIER UNIV. 0.00 6,300.00 6,300.00 420,000.00 115.50 TOTALS: 1,035,908.32 249,945.33 1,285,853.65 18,334,056.26 4,496.94 ===================================================================
2 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I PAID-IN-FULL LOANS FOR THE PERIOD OF APRIL 1, 2005 THROUGH APRIL 30, 2005
LOAN PAYOFF TOTAL AMOUNT PRINCIPAL INTEREST NUMBER DATE PAID AMOUNT AMOUNT OTHER FEES MATURITY DATE - ------------------------------------------------------------------------------------ 20017301 4-01-05 193,325.00 190,000.00 3,325.00 0.00 4-01-2005 TOTAL: 193,325.00 190,000.00 3,325.00 - ================================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I SUMMARY OF PARTIAL PREPAYMENTS FOR THE PERIOD OF APRIL 1, 2005 THROUGH APRIL 30, 2005
TOTAL AMOUNT PRINCIPAL INTEREST LOAN NUMBER PAYOFF DATE PAID AMOUNT AMOUNT ------------------------------------------------------------------------ None to Report -- 0.00 0.00 0 TOTAL: - - - =======================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I TRIAL BALANCE AS OF APRIL 30, 2005
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 950,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 135,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 245,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 125,000.00 3-01-2010 20001201 ATLANTIC UNION COLLEGE 3.00 172,554.67 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 950,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 563,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 23,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 48,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 236,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 14,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 722,688.80 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 95,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,320,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 442,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,335,000.00 4-01-2016 20003901 COLLEGE OF CHARLESTON 3.00 715,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 415,000.00 4-01-2017 20004401 R.I. JR. COLLEGE 3.00 286,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 409,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 245,000.00 4-01-2019 20005801 DRAKE UNIVERSITY 3.00 690,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 170,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 91,336.31 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 90,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 8,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 40,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 175,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 500,000.00 11-01-2015 20009201 JACKSON STATE COLLEGE 3.00 100,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 413,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 21,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 520,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 123,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 453,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 103,000.00 10-01-2005 20012001 MICHIGAN STATE UNIVERSITY 3.00 564,992.44 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 930,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 40,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 222,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 133,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 180,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 230,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 84,800.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 624,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 257,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 750,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 275,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,389,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 81,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 423,000.00 4-01-2014
5
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------------- 20016401 CALIFORNIA STATE UNIVERSITY 3.00 320,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 670,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 891,418.08 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 28,000.00 10-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 90,727.26 5-01-2011 20018001 ST. EDWARDS UNIVERSITY 3.63 123,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 55,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 6,000.00 2-01-2007 20018701 FINLANDIA UNIVERSITY 3.50 2,371,147.95 8-06-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 40,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 285,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 90,365.61 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 340,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 328,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 70,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 428,000.00 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.38 2,795,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 103,000.00 6-01-2021 20020001 UNIVERSITY OF ALABAMA 3.00 1,486,000.00 5-01-2021 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 270,000.00 10-01-2006 20021301 UNIVERSITY OF MONTEVALLO 3.00 207,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 88,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,010,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,270,000.00 4-01-2018 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,450,000.00 7-01-2013 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 2,153,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 153,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 333,950.72 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 980,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 60,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 420,000.00 10-01-2017
6 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I DELINQUENCY REPORT (60+DAYS) AS OF APRIL 30, 2005
GMACCM NEXT PAYMENT P AND I LOAN NUMBER BORROWER NAME DUE DUE CURRENT UPB - -------------------------------------------------------------------------------------------------- 20010801 LONG ISLAND UNIVERSITY 6-01-2004 8,999.98 453,999.98 20008201 HAMPSHIRE COLLEGE 11-01-2004 17,765.00 51,000.00 ------------------------------ TOTAL 26,764.98 504,999.98 ==============================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I LIQUIDATION REPORT AS OF APRIL 30, 2005 NONE TO REPORT FOR THIS PERIOD GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I COLLECTION ACCOUNT ACTIVITY REPORT FOR THE PERIOD OF MAY 1, 2005 THROUGH MAY 31, 2005 COLLECTIONS: Principal Payments 1,573,406.57 Interest Payments 158,371.84 ------------- TOTAL PRINCIPAL AND INTEREST COLLECTIONS 1,731,778.41 ------------- Payments and Reversals Posted to Suspense - ------------- TOTAL COLLECTIONS 1,731,778.41 ------------- Less: Servicing Fees (not withheld from remittances) (2,863.94) ------------- NET COLLECTIONS 1,728,914.47 =============
GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I SERVICE FEES SCHEDULE FOR THE PERIOD OF MAY 1, 2005 THROUGH MAY 31, 2005
GMACCM SERVICE DATE DUE NUMBER BORROWER NAME PRINCIPAL DUE INTEREST DUE TOTAL DUE PRINCIPAL BALANCE FEES - ---------------------------------------------------------------------------------------------------- 5012005 20000401 ALFRED UNIVER 0.00 2,025.00 2,025.00 135,000.00 37.13 5012005 20001201 ATLANTIC UNIO 3,402.12 2,588.32 5,990.44 172,554.67 47.45 5012005 20001901 THE BENEDICT 0.00 345.00 345.00 23,000.00 6.33 5012005 20002701 CALIFORNIA ST 0.00 19,800.00 19,800.00 1,320,000.00 363.00 5012005 20002801 CARNEGIE-MELL 15,000.00 6,855.00 21,855.00 457,000.00 125.68 5012005 20004501 CONCORDIA TEA 30,000.00 6,150.00 36,150.00 409,999.99 112.75 5012005 20006502 FAIRLEIGH DIC 2,244.78 1,370.04 3,614.82 91,336.31 25.12 5012005 20008201 HAMPSHIRE COL 0.00 510.00 510.00 34,000.00 9.35 5012005 20008301 HARCUM JR COL 0.00 7,500.00 7,500.00 500,000.00 137.50 5012005 20008401 HAVERFORD COL 0.00 5,165.63 5,165.63 285,000.00 78.38 5012005 20012001 MSU HOUSING 14,828.53 8,697.31 23,525.84 579,820.97 159.45 5012005 20013301 MORRIS COLLEG 0.00 9,360.00 9,360.00 624,000.00 171.60 5012005 20016401 CALIFORNIA ST 0.00 4,800.00 4,800.00 320,000.00 88.00 5012005 20016501 CALIFORNIA ST 0.00 10,050.00 10,050.00 670,000.00 184.25 5012005 20016601 SARAH LAWRENC 21,584.70 13,695.04 35,279.74 913,002.78 251.08 5012005 20017801 SPRINGFIELD C 6,854.19 1,463.71 8,317.90 97,581.45 26.83 5072005 20018701 SUOMI COLLEGE 7,159.67 6,915.85 14,075.52 2,371,147.95 108.68 5012005 20018801 SUSQUEHANNA U 0.00 600.00 600.00 40,000.00 11.00 5012005 20018802 SUSQUEHANNA U 0.00 5,165.63 5,165.63 285,000.00 78.38 5012005 20018901 SWARTHMORE CO 4,345.20 1,420.66 5,765.86 94,710.81 26.05 5012005 20019201 TEMPLE UNIV. 0.00 5,535.00 5,535.00 328,000.00 90.20 5012005 20020001 UNIV. OF ALAB 70,000.00 22,290.00 92,290.00 1,486,000.00 408.65 5012005 20021301 UNIV OF MONTE 8,000.00 3,105.00 11,105.00 207,000.00 56.93 5012005 20023501 WSTRN MARYLAN 0.00 14,700.00 14,700.00 980,000.00 269.50 TOTALS: 183,419.19 160,107.19 343,526.38 12,424,154.93 2,873.29 ===================================================================
2 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I PAID-IN-FULL LOANS FOR THE PERIOD OF MAY 1, 2005 THROUGH MAY 31, 2005
LOAN PAYOFF TOTAL AMOUNT PRINCIPAL INTEREST NUMBER DATE PAID AMOUNT AMOUNT OTHER FEES MATURITY DATE - ------------------------------------------------------------------------------------ 20022401 5-05-25 1,471,750.00 1,450,000.00 21,750.00 7012013 TOTAL: 1,471,750.00 1,450,000.00 21,750.00 - ==================================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I SUMMARY OF PARTIAL PREPAYMENTS FOR THE PERIOD OF MAY 1, 2005 THROUGH MAY 31, 2005
TOTAL AMOUNT PRINCIPAL INTEREST LOAN NUMBER PAYOFF DATE PAID AMOUNT AMOUNT ------------------------------------------------------------------------ None to Report -- 0.00 0.00 0 TOTAL: - - - =======================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I TRIAL BALANCE AS OF MAY 31, 2005
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 950,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 135,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 245,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 125,000.00 3-01-2010 20001201 ATLANTIC UNION COLLEGE 3.00 169,152.55 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 950,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 563,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 23,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 48,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 236,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 14,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 722,688.80 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 95,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,320,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 442,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,335,000.00 4-01-2016 20003901 COLLEGE OF CHARLESTON 3.00 715,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 415,000.00 4-01-2017 20004401 R.I. JR. COLLEGE 3.00 286,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 379,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 245,000.00 4-01-2019 20005801 DRAKE UNIVERSITY 3.00 690,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 170,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 89,091.53 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 90,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 8,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 40,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 175,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 500,000.00 11-01-2015 20009201 JACKSON STATE COLLEGE 3.00 100,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 413,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 21,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 520,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 123,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 453,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 103,000.00 10-01-2005 20012001 MICHIGAN STATE UNIVERSITY 3.00 564,992.44 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 930,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 40,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 222,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 133,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 180,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 230,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 82,200.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 624,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 257,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 750,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 275,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,389,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 81,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 423,000.00 4-01-2014
6
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------------- 20016401 CALIFORNIA STATE UNIVERSITY 3.00 320,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 670,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 891,418.08 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 28,000.00 10-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 90,727.26 5-01-2011 20018001 ST. EDWARDS UNIVERSITY 3.63 123,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 55,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 6,000.00 2-01-2007 20018701 FINLANDIA UNIVERSITY 3.50 2,363,988.28 8-06-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 40,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 285,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 90,365.61 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 340,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 328,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 70,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 428,000.00 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.38 2,795,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 103,000.00 6-01-2021 20020001 UNIVERSITY OF ALABAMA 3.00 1,416,000.00 5-01-2021 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 270,000.00 10-01-2006 20021301 UNIVERSITY OF MONTEVALLO 3.00 199,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 88,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,010,000.00 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 2,153,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 153,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 333,950.72 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 980,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 60,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 420,000.00 10-01-2017
7 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I DELINQUENCY REPORT (60+DAYS) AS OF MAY 31, 2005
GMACCM NEXT PAYMENT P AND I CURRENT UPB LOAN NUMBER BORROWER NAME DUE DUE - -------------------------------------------------------------------------------------------------- 20010801 LONG ISLAND UNIVERSITY 6-01-2004 8,999.98 453,999.98 20008201 HAMPSHIRE COLLEGE 11-01-2004 17,765.00 51,000.00 20016101 RIVERSIDE HOSPITAL 4-01-2005 30,000.00 81,000.00 TOTAL 56,764.98 585,999.98 ==============================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I LIQUIDATION REPORT AS OF MAY 31, 2005 NONE TO REPORT FOR THIS PERIOD GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I REMITTANCE REPORT FOR JANUARY 2005
INVESTOR PAYMENT LOAN PROPERTY DUE NUMBER DATE NUMBER NAME DATE PRINCIPAL INTEREST - ----------------------------------------------------------------------------------------------------------------------------- 2 1-03-05 20020803 UNIVERSITY OF FLORIDA 0 113,000.00 1,695.00 2 1-03-05 20021603 UNIVERSITY OF NORTH CAROLINA 1012005 65,000.00 16,125.00 2 1-03-05 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 1012005 0.00 21,750.00 178,000.00 39,570.00 2 1-04-05 20008401 HAVERFORD COLL. 0 0.00 0.00 2 1-04-05 20009201 JACKSON STATE COLLEGE 1012005 50,000.00 2,250.00 2 1-04-05 20012401 MISSISSIPPI VALLEY ST. COLLEGE 1012005 0.00 599.99 2 1-04-05 20012401 MISSISSIPPI VALLEY ST. COLLEGE 7012005 0.00 0.01 2 1-04-05 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 1012005 0.00 2,700.00 50,000.00 5,550.00 2 1-05-05 20006801 FLORIDA ATLANTIC UNIVERSITY 1012005 0.00 1,350.00 0.00 1,350.00 2 1-06-05 20003901 COLLEGE OF CHARLESTON 1012005 0.00 10,725.00 2 1-06-05 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 1012005 0.00 1,380.00 0.00 12,105.00 2 1-10-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 0.00 0.00 2 1-13-05 20009702 KENT STATE UNIVERSITY 12012004 130,000.00 0.00 2 1-13-05 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 1012005 4,000.00 0.00 134,000.00 0.00 2 1-19-05 20010301 LAREDO MUNICIPAL JR. COLLEGE 0 0.00 0.00 2 1-19-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 2 1-19-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 2 1-19-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 2 1-19-05 20018701 FINLANDIA UNIVERSITY 9072004 6,760.86 7,074.91 2 1-19-05 20018701 FINLANDIA UNIVERSITY 10072004 7,016.54 7,058.98 2 1-19-05 20018701 FINLANDIA UNIVERSITY 11072004 6,802.39 7,273.13 2 1-19-05 20018701 FINLANDIA UNIVERSITY 12072004 7,056.84 7,018.68 27,636.63 28,425.70 2 1-25-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 2 1-25-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 2 1-25-05 20018701 FINLANDIA UNIVERSITY 1072005 6,844.16 7,231.36 INVESTOR PAYMENT LOAN PROPERTY TRANSACTION NUMBER DATE NUMBER NAME AMOUNT SUSPENSE LT. CHG. - ----------------------------------------------------------------------------------------------------------------------------- 2 1-03-05 20020803 UNIVERSITY OF FLORIDA 114,695.00 0.00 0.00 2 1-03-05 20021603 UNIVERSITY OF NORTH CAROLINA 81,125.00 0.00 0.00 2 1-03-05 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 21,750.00 0.00 0.00 217,570.00 0.00 0.00 2 1-04-05 20008401 HAVERFORD COLL. 310,000.00 310,000.00 0.00 2 1-04-05 20009201 JACKSON STATE COLLEGE 52,250.00 0.00 0.00 2 1-04-05 20012401 MISSISSIPPI VALLEY ST. COLLEGE 599.99 0.00 0.00 2 1-04-05 20012401 MISSISSIPPI VALLEY ST. COLLEGE 0.01 0.00 0.00 2 1-04-05 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 2,700.00 0.00 0.00 365,550.00 310,000.00 0.00 2 1-05-05 20006801 FLORIDA ATLANTIC UNIVERSITY 1,350.00 0.00 0.00 1,350.00 0.00 0.00 2 1-06-05 20003901 COLLEGE OF CHARLESTON 10,725.00 0.00 0.00 2 1-06-05 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 1,380.00 0.00 0.00 12,105.00 0.00 0.00 2 1-10-05 20018701 FINLANDIA UNIVERSITY 15,575.52 15,575.52 0.00 15,575.52 15,575.52 0.00 2 1-13-05 20009702 KENT STATE UNIVERSITY 130,000.00 0.00 0.00 2 1-13-05 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 4,000.00 0.00 0.00 134,000.00 0.00 0.00 2 1-19-05 20010301 LAREDO MUNICIPAL JR. COLLEGE -1,689.14 -1,689.14 0.00 2 1-19-05 20018701 FINLANDIA UNIVERSITY -15,575.52 -15,575.52 0.00 2 1-19-05 20018701 FINLANDIA UNIVERSITY -64,732.12 -64,732.12 0.00 2 1-19-05 20018701 FINLANDIA UNIVERSITY 18,245.31 18,245.31 0.00 2 1-19-05 20018701 FINLANDIA UNIVERSITY 13,835.77 0.00 0.00 2 1-19-05 20018701 FINLANDIA UNIVERSITY 14,075.52 0.00 0.00 2 1-19-05 20018701 FINLANDIA UNIVERSITY 14,075.52 0.00 0.00 2 1-19-05 20018701 FINLANDIA UNIVERSITY 14,075.52 0.00 0.00 -7,689.14 -63,751.47 0.00 2 1-25-05 20018701 FINLANDIA UNIVERSITY -18,245.31 -18,245.31 0.00 2 1-25-05 20018701 FINLANDIA UNIVERSITY 2,669.79 2,669.79 0.00 2 1-25-05 20018701 FINLANDIA UNIVERSITY 14,075.52 0.00 0.00 INVESTOR PAYMENT LOAN PROPERTY NUMBER DATE NUMBER NAME TRANACTIONS DESCRIPTION WIRE DATE WIRE AMOUNT - ---------------------------------------------------------------------------------------------------------------------------------- 2 1-03-05 20020803 UNIVERSITY OF FLORIDA LOAN PAYOFF 2 1-03-05 20021603 UNIVERSITY OF NORTH CAROLINA PAYMENT REC'D 2 1-03-05 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 PAYMENT REC'D -------------- 1-04-05 217,570.00 ============== 2 1-04-05 20008401 HAVERFORD COLL. ESCROW HELD PAYMENT 2 1-04-05 20009201 JACKSON STATE COLLEGE PAYMENT REC'D 2 1-04-05 20012401 MISSISSIPPI VALLEY ST. COLLEGE PAYMENT REC'D 2 1-04-05 20012401 MISSISSIPPI VALLEY ST. COLLEGE PAYMENT REC'D 2 1-04-05 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B PAYMENT REC'D 365,550.00 -175.00 -------------- 1-05-05 365,375.00 ============== 2 1-05-05 20006801 FLORIDA ATLANTIC UNIVERSITY PAYMENT REC'D 1-06-05 1,350.00 ============== 2 1-06-05 20003901 COLLEGE OF CHARLESTON PAYMENT REC'D 2 1-06-05 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB PAYMENT REC'D -------------- 1-07-05 12,105.00 ============== 2 1-10-05 20018701 FINLANDIA UNIVERSITY ESCROW HELD PAYMENT 15,575.52 -1474.11 -------------- 1-11-05 14,101.41 ============== 2 1-13-05 20009702 KENT STATE UNIVERSITY PAYMENT REC'D 2 1-13-05 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB PAYMENT REC'D -------------- 1-13-05 134,000.00 ============== 2 1-19-05 20010301 LAREDO MUNICIPAL JR. COLLEGE SUPSENSE ESCROW DISB 2 1-19-05 20018701 FINLANDIA UNIVERSITY PAYMENT REVERSAL 2 1-19-05 20018701 FINLANDIA UNIVERSITY PAYMENT REVERSAL 2 1-19-05 20018701 FINLANDIA UNIVERSITY ESCROW HELD PAYMENT 2 1-19-05 20018701 FINLANDIA UNIVERSITY PAYMENT REC'D 2 1-19-05 20018701 FINLANDIA UNIVERSITY PAYMENT REC'D 2 1-19-05 20018701 FINLANDIA UNIVERSITY PAYMENT REC'D 2 1-19-05 20018701 FINLANDIA UNIVERSITY PAYMENT REC'D -------------- (None) (7,689.14) ============== 2 1-25-05 20018701 FINLANDIA UNIVERSITY PAYMENT REVERSAL 2 1-25-05 20018701 FINLANDIA UNIVERSITY ESCROW HELD PAYMENT 2 1-25-05 20018701 FINLANDIA UNIVERSITY PAYMENT REC'D
1072005 6,844.16 7,231.36 2 1-27-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 2 1-27-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 2 1-27-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 2 1-27-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 0.00 0.00 TOTALS: 396,480.79 94,232.06 ===============================
-1,500.00 -15,575.52 0.00 2 1-27-05 20018701 FINLANDIA UNIVERSITY 0.00 0.00 0.00 2 1-27-05 20018701 FINLANDIA UNIVERSITY 0.00 0.00 0.00 2 1-27-05 20018701 FINLANDIA UNIVERSITY -22,739.76 -22,739.76 0.00 2 1-27-05 20018701 FINLANDIA UNIVERSITY 0.00 0.00 0.00 -22,739.76 -22,739.76 0.00 TOTALS: 714,221.62 223,508.77 0.00 ============================================ -------------- (None) (1,500.00) ============== 2 1-27-05 20018701 FINLANDIA UNIVERSITY ESC 5 DISBURSEMENT 2 1-27-05 20018701 FINLANDIA UNIVERSITY ESCROW 5 PAYMENT 2 1-27-05 20018701 FINLANDIA UNIVERSITY SUSPENSE ESC DEBIT 2 1-27-05 20018701 FINLANDIA UNIVERSITY UNPROCESS:CASH IN CR. -------------- (None) (22,739.76) ==============
TRANACTION DATE PRINCIPAL INTEREST SUSPENSE LT. CHG TRANSACTION AMT WIRE AMOUNT SENT DIFFERENCE - ------------------------------------------------------------------------------------------------------------------- 1/3/2005 178,000.00 39,570.00 0.00 0.00 217,570.00 217,570.00 - 1/4/2005 50,000.00 5,550.00 310,000.00 0.00 365,550.00 365,375.00 175.00 1/5/2005 0.00 1,350.00 0.00 1,350.00 1,350.00 - 1/6/2005 0.00 12,105.00 0.00 0.00 12,105.00 12,105.00 - 1/10/2005 0.00 0.00 15,575.52 0.00 15,575.52 14,101.41 1,474.11 1/13/2005 134,000.00 0.00 0.00 0.00 134,000.00 134,000.00 - 1/19/2005 27,636.63 28,425.70 -63,751.47 0.00 (7,689.14) - (7,689.14) 1/25/2005 6,844.16 7,231.36 -15,575.52 0.00 (1,500.00) - (1,500.00) 1/27/2005 0.00 0.00 -22,739.76 0.00 (22,739.76) - (22,739.76) -------------------------------------------------------------------------------------------------- 396,480.79 94,232.06 223,508.77 0.00 714,221.62 744,501.41 -30,279.79 ================================================================================================== TRANACTION DATE WIRE DATE COMMENTS - ----------------------------------------------------------------------- 1/3/2005 1/4/2005 1/4/2005 1/5/2005 4th Quarter Property Inspection Ln#20003001 1/5/2005 1/6/2005 1/6/2005 1/7/2005 1/10/2005 1/11/2005 12/2004 service fee 1/13/2005 1/14/2005 1/19/2005 1/20/2005 PAYMENT REVERSAL 1/25/2005 1/26/2005 PAYMENT REVERSAL 1/27/2005 1/28/2005 SUSPENSE ESC DEBIT
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I REMITTANCE REPORT FOR FEBRUARY 2005
INVESTOR PAYMENT LOAN PROPERTY DUE NUMBER DATE NUMBER NAME DATE PRINCIPAL INTEREST - ----------------------------------------------------------------------------------------------------------------------------- 2 2-01-05 20006901 FLORIDA INST OF TECH, INC 2012005 9,000.00 255.00 2 2-01-05 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 2012005 0.00 2,242.36 2 2-01-05 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 0 0.00 0.00 9,000.00 2,497.36 2 2-02-05 20002501 WILLIAM JENNINGS BRYAN COLLEGE 2012005 8,000.00 1,545.00 2 2-02-05 20010301 LAREDO MUNICIPAL JR. COLLEGE 2012005 0.00 1,845.00 2 2-02-05 20018601 STILLMAN COLLEGE 2012005 4,000.00 150.00 12,000.00 3,540.00 2 2-07-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 0.00 0.00 2 2-24-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 2 2-24-05 20018701 FINLANDIA UNIVERSITY 2072005 6,864.78 7,210.74 6,864.78 7,210.74 TOTALS: 27,864.78 13,248.10 =============================== INVESTOR PAYMENT LOAN PROPERTY TRANSACTION NUMBER DATE NUMBER NAME AMOUNT SUSPENSE LT. CHG. - ---------------------------------------------------------------------------------------------------------------------------- 2 2-01-05 20006901 FLORIDA INST OF TECH, INC 9,255.00 0.00 0.00 2 2-01-05 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 2,242.36 0.00 0.00 2 2-01-05 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 82.64 82.64 0.00 11,580.00 82.64 0.00 2 2-02-05 20002501 WILLIAM JENNINGS BRYAN COLLEGE 9,545.00 0.00 0.00 2 2-02-05 20010301 LAREDO MUNICIPAL JR. COLLEGE 1,845.00 0.00 0.00 2 2-02-05 20018601 STILLMAN COLLEGE 4,150.00 0.00 0.00 15,540.00 0.00 0.00 2 2-07-05 20018701 FINLANDIA UNIVERSITY 15,575.52 15,575.52 0.00 15,575.52 15,575.52 0.00 2 2-24-05 20018701 FINLANDIA UNIVERSITY -15,575.52 -15,575.52 0.00 2 2-24-05 20018701 FINLANDIA UNIVERSITY 14,075.52 0.00 0.00 -1,500.00 -15,575.52 0.00 TOTALS: 41,195.52 82.64 0.00 ============================================ INVESTOR PAYMENT LOAN PROPERTY NUMBER DATE NUMBER NAME TRANACTIONS DESCRIPTION WIRE DATE WIRE AMOUNT - ---------------------------------------------------------------------------------------------------------------------------------- 2 2-01-05 20006901 FLORIDA INST OF TECH, INC PAYMENT REC'D 2 2-01-05 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS PAYMENT REC'D 2 2-01-05 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS ESCROW HELD PAYMENT 11,580.00 -1,500.00 -22,739.76 -------------- (None) -12,659.76 ============== 2 2-02-05 20002501 WILLIAM JENNINGS BRYAN COLLEGE PAYMENT REC'D 2 2-02-05 20010301 LAREDO MUNICIPAL JR. COLLEGE PAYMENT REC'D 2 2-02-05 20018601 STILLMAN COLLEGE PAYMENT REC'D 15,540.00 -12,659.76 -------------- 2-03-05 2,880.24 ============== 2 2-07-05 20018701 FINLANDIA UNIVERSITY ESCROW HELD PAYMENT 2-08-05 15,575.52 ============== 2 2-24-05 20018701 FINLANDIA UNIVERSITY PAYMENT REVERSAL 2 2-24-05 20018701 FINLANDIA UNIVERSITY PAYMENT REC'D (None) -1,500.00 ==============
TRANACTION DATE PRINCIPAL INTEREST SUSPENSE LT. CHG TRANSACTION AMT WIRE AMOUNT SENT DIFFERENCE - ------------------------------------------------------------------------------------------------------------------- 2/1/2005 9,000.00 2,497.36 82.64 0.00 11,580.00 0.00 11,580.00 2/2/2005 12,000.00 3,540.00 0.00 0.00 15,540.00 2,880.24 12,659.76 2/7/2005 0.00 0.00 15,575.52 0.00 15,575.52 15,575.52 0.00 2/24/2005 6,864.78 7,210.74 (15,575.52) 0.00 (1,500.00) 0.00 (1,500.00) ---------------------------------------------------------------------------------------------------- 27,864.78 13,248.10 82.64 0.00 41,195.52 18,455.76 22,739.76 ==================================================================================================== TRANACTION DATE WIRE DATE COMMENTS - --------------------------------------------------------------------------------------------------------------------- 2/1/2005 2/2/2005 Funds withheld to cover overdraft from January 2005 in the amount of $24,239.76. $12,659.76 remains to be recovered. 2/2/2005 2/3/2005 Funds withheld to cover remaining overdraft from January 2005 in the amount of $12,659.76. 2/7/2005 2/8/2005 2/24/2005 2/25/2005 Payment reversal
TRANACTION DATE PRINCIPAL INTEREST SUSPENSE LT. CHG TRANSACTION AMT WIRE AMOUNT SENT DIFFERENCE - ------------------------------------------------------------------------------------------------------------------- 3/1/2005 395,000.00 65,770.00 0.00 0.00 460,770.00 380,805.78 79,964.22 3/2/2005 25,000.00 2,250.00 0.00 0.00 27,250.00 25,844.57 1,405.43 3/7/2005 7,581.28 6,494.24 0.00 0.00 14,075.52 14,075.52 0.00 3/24/2005 0.00 0.00 1,689.14 0.00 1,689.14 1,689.14 0.00 3/31/2005 310,000.00 2,082.64 (310,082.64) 0.00 2,000.00 2,000.00 0.00 -------------------------------------------------------------------------------------------------- 737,581.28 76,596.88 (308,393.50) 0.00 505,784.66 424,415.01 81,369.65 ================================================================================================== TRANACTION DATE WIRE DATE COMMENTS - ------------------------------------------------------------------------------------------------------------ 3/1/2005 3/2/2005 Funds withheld to cover overdraft from February 2005 in the amount of $1,500.00. Also, recover PPA expenses in the amount of $76,464.22 for Loan No. 02-0018701 3/2/2005 3/3/2005 Funds withheld to pay January 2005 and February 2005 Service Fee 3/7/2005 3/8/2005 3/24/2005 3/28/2005 3/31/2005 4/1/2005
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I REMITTANCE REPORT FOR MARCH 2005
INVESTOR PAYMENT LOAN PROPERTY DUE NUMBER DATE NUMBER NAME DATE PRINCIPAL INTEREST - ----------------------------------------------------------------------------------------------------------------------------- 2 3-01-05 20013801 NORTH CAROLINA STATE UNIVERSITY 3012005 0.00 4,125.00 2 3-01-05 20019502 TEXAS TECH. UNIVERSITY 3012005 45,000.00 8,573.12 2 3-01-05 20019504 TEXAS TECH. UNIVERSITY 3012005 350,000.00 53,071.88 395,000.00 65,770.00 2 3-02-05 20000902 ANDERSON COLLEGE 3012005 25,000.00 2,250.00 2 3-02-05 20018701 FINLANDIA UNIVERSITY 0 0.00 0.00 25,000.00 2,250.00 2 3-07-05 20018701 FINLANDIA UNIVERSITY 3072005 7,581.28 6,494.24 7,581.28 6,494.24 2 3-24-05 20010301 LAREDO MUNICIPAL JR. COLLEGE 0 0.00 0.00 0.00 0.00 2 3-31-05 20007201 FOOTHILL COLLEGE 4012005 0.00 600.00 2 3-31-05 20008401 HAVERFORD COLL. 0 0.00 0.00 2 3-31-05 20008401 HAVERFORD COLL. 0 310,000.00 0.00 2 3-31-05 20008401 HAVERFORD COLL. 0 0.00 1,400.00 2 3-31-05 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 0 0.00 0.00 2 3-31-05 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 8012005 0.00 82.64 310,000.00 2,082.64 TOTALS: 737,581.28 76,596.88 =============================== INVESTOR PAYMENT LOAN PROPERTY TRANSACTION NUMBER DATE NUMBER NAME AMOUNT SUSPENSE LT. CHG. - ---------------------------------------------------------------------------------------------------------------------------- 2 3-01-05 20013801 NORTH CAROLINA STATE UNIVERSITY 4,125.00 0.00 0.00 2 3-01-05 20019502 TEXAS TECH. UNIVERSITY 53,573.12 0.00 0.00 2 3-01-05 20019504 TEXAS TECH. UNIVERSITY 403,071.88 0.00 0.00 460,770.00 0.00 0.00 2 3-02-05 20000902 ANDERSON COLLEGE 27,250.00 0.00 0.00 2 3-02-05 20018701 FINLANDIA UNIVERSITY 0.00 0.00 0.00 27,250.00 0.00 0.00 2 3-07-05 20018701 FINLANDIA UNIVERSITY 14,075.52 0.00 0.00 14,075.52 0.00 0.00 2 3-24-05 20010301 LAREDO MUNICIPAL JR. COLLEGE 1,689.14 1,689.14 0.00 1,689.14 1,689.14 0.00 2 3-31-05 20007201 FOOTHILL COLLEGE 600.00 0.00 0.00 2 3-31-05 20008401 HAVERFORD COLL. -310,000.00 -310,000.00 0.00 2 3-31-05 20008401 HAVERFORD COLL. 310,000.00 0.00 0.00 2 3-31-05 20008401 HAVERFORD COLL. 1,400.00 0.00 0.00 2 3-31-05 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS -82.64 -82.64 0.00 2 3-31-05 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 82.64 0.00 0.00 2,000.00 -310,082.64 0.00 TOTALS: 505,784.66 -308,393.50 0.00 ============================================
INVESTOR PAYMENT LOAN PROPERTY NUMBER DATE NUMBER NAME TRANACTIONS DESCRIPTION WIRE DATE WIRE AMOUNT - ---------------------------------------------------------------------------------------------------------------------------------- 2 3-01-05 20013801 NORTH CAROLINA STATE UNIVERSITY PAYMENT REC'D 2 3-01-05 20019502 TEXAS TECH. UNIVERSITY PAYMENT REC'D 2 3-01-05 20019504 TEXAS TECH. UNIVERSITY PAYMENT REC'D 460,770.00 -1,500.00 -78,464.22 --------------- 3-02-05 380,805.78 =============== 2 3-02-05 20000902 ANDERSON COLLEGE PAYMENT REC'D 2 3-02-05 20018701 FINLANDIA UNIVERSITY ESCROW 5 PAYMENT 27,250.00 -1,183.86 -221.57 --------------- 3-03-05 25,844.57 =============== 2 3-07-05 20018701 FINLANDIA UNIVERSITY PAYMENT REC'D 3-08-05 14,075.52 =============== 2 3-24-05 20010301 LAREDO MUNICIPAL JR. COLLEGE ESCROW HELD PAYMENT 3-28-05 1,689.14 =============== 2 3-31-05 20007201 FOOTHILL COLLEGE PAYMENT REC'D 2 3-31-05 20008401 HAVERFORD COLL. PAYMENT REVERSAL 2 3-31-05 20008401 HAVERFORD COLL. LOAN PAYOFF 2 3-31-05 20008401 HAVERFORD COLL. INTEREST PAYMENT 2 3-31-05 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS PAYMENT REVERSAL 2 3-31-05 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS PAYMENT REC'D 4-01-05 2,000.00 ===============
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I REMITTANCE REPORT FOR APRIL 2005
DATE GMACCM RECEIVED DATE DUE NUMBER BORROWER NAME PRINCIPAL DUE INTEREST DUE TOTAL DUE - -------------------------------------------------------------------------------------------------------------------------- 4-01-05 4-01-2005 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 70,000.00 15,300.00 85,300.00 4-01-05 4-01-2005 20002101 BIRMINGHAM SOUTHERN COLLEGE - 720.00 720.00 4-01-05 4-01-2005 20002102 BIRMINGHAM SOUTHERN COLLEGE - 3,540.00 3,540.00 4-01-05 4-01-2005 20003001 CASE WESTERN RESERVE UNIVERSIT 100,000.00 21,525.00 121,525.00 4-01-05 4-01-2005 20004001 COLLEGE OF ST. THOMAS 30,000.00 6,675.00 36,675.00 4-01-05 4-01-2005 20004401 R.I. JR. COLLEGE 10,000.00 4,440.00 14,440.00 4-01-05 4-01-2005 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 25,000.00 6,570.00 31,570.00 4-01-05 4-01-2005 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 21,000.00 630.00 21,630.00 4-01-05 4-01-2005 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) - 1,995.00 1,995.00 4-01-05 4-01-2005 20016101 RIVERSIDE HOSPITAL 30,000.00 1,215.00 31,215.00 4-01-05 4-01-2005 20016201 RIVIER COLLEGE 40,000.00 8,391.88 48,391.88 4-01-05 -- 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 190,000.00 3,325.00 193,325.00 4-01-05 4-01-2005 20018302 ST. MICHAELS COLLEGE 25,000.00 1,200.00 26,200.00 4-01-05 4-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA - 4,050.00 4,050.00 4-01-05 4-01-2005 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 80,000.00 20,250.00 100,250.00 4-01-05 4-01-2005 20022601 UNIVERSITY OF STEUBENVILLE 20,000.00 3,138.75 23,138.75 4-01-05 4-01-2005 20022602 UNIVERSITY OF STEUBENVILLE 16,000.00 3,750.00 19,750.00 4-01-05 4-01-2005 20022701 UNIVERSITY OF VERMONT 59,000.00 33,180.00 92,180.00 4-01-05 4-01-2005 20023901 XAVIER UNIVERSITY OF LOUISIANA - 6,300.00 6,300.00 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 3/31 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 3/31 SYSTEM DEBITS (PAYMENT REVERSALS) - -------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 3/31 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- 4-04-05 4-01-2005 20000101 ALBION COLLEGE - 14,250.00 14,250.00 4-04-05 4-01-2005 20002201 BLACK HILLS STATE COLLEGE - 210.00 210.00 4-04-05 4-01-2005 20002202 BLACK HILLS STATE COLLEGE - 510.00 510.00 4-04-05 4-01-2005 20006401 EMPORIA STATE UNIVERSITY 40,000.00 3,150.00 43,150.00 4-04-05 4-01-2005 20007902 GRAMBLING COLLEGE - 2,625.00 2,625.00 4-04-05 4-01-2005 20010802 LONG ISLAND UNIVERSITY - 1,931.25 1,931.25 4-04-05 4-01-2005 20012101 MIDDLEBURY COLLEGE 40,000.00 14,550.00 54,550.00 4-04-05 4-01-2005 20013501 NEW ENGLAND COLLEGE - 4,676.25 4,676.25 4-04-05 4-01-2005 20013502 NEW ENGLAND COLLEGE 45,000.00 11,925.00 56,925.00 4-04-05 4-01-2005 20018001 ST.EDWARDS UNIVERSITY 13,000.00 2,465.00 15,465.00 4-04-05 4-01-2005 20019401 TEXAS STATE COLLEGE 35,000.00 1,575.00 36,575.00 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/01 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/01 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- BANK DEBITS REPRESENTING 3/2005 SERVICE FEE - -------------------------------------------------------------------------------------------------------------------------- 4-05-05 4-01-2005 20005801 DRAKE UNIVERSITY 40,000.00 10,950.00 50,950.00 4-05-05 4-01-2005 20013502 NEW ENGLAND COLLEGE - - - SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/04 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/04 SYSTEM CREDITS (SERVICE FEE DUE BACK TRUST ON LOAN NO. 02-0007801) - -------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/04 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- 4-06-05 4-01-2005 20019101 TAYLOR UNIVERISTY - 5,100.00 5,100.00 DATE GMACCM RECEIVED DATE DUE NUMBER BORROWER NAME PRINCIPAL BALANCE PRINCIPAL PAID INTEREST PAID - --------------------------------------------------------------------------------------------------------------------------------- 4-01-05 4-01-2005 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 1,020,000.00 70,000.00 15,300.00 4-01-05 4-01-2005 20002101 BIRMINGHAM SOUTHERN COLLEGE 48,000.00 - 720.00 4-01-05 4-01-2005 20002102 BIRMINGHAM SOUTHERN COLLEGE 236,000.00 - 3,540.00 4-01-05 4-01-2005 20003001 CASE WESTERN RESERVE UNIVERSIT 1,435,000.00 - 21,525.00 4-01-05 4-01-2005 20004001 COLLEGE OF ST. THOMAS 445,000.00 30,000.00 6,675.00 4-01-05 4-01-2005 20004401 R.I. JR. COLLEGE 296,000.00 10,000.00 4,440.00 4-01-05 4-01-2005 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 438,000.00 25,000.00 6,570.00 4-01-05 4-01-2005 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 42,000.00 21,000.00 630.00 4-01-05 4-01-2005 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 133,000.00 - 1,995.00 4-01-05 4-01-2005 20016101 RIVERSIDE HOSPITAL 111,000.00 - 1,215.00 4-01-05 4-01-2005 20016201 RIVIER COLLEGE 463,000.00 40,000.00 8,391.88 4-01-05 -- 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 190,000.00 190,000.00 3,325.00 4-01-05 4-01-2005 20018302 ST. MICHAELS COLLEGE 80,000.00 25,000.00 1,200.00 4-01-05 4-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA 270,000.00 - 4,050.00 4-01-05 4-01-2005 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 1,350,000.00 80,000.00 20,250.00 4-01-05 4-01-2005 20022601 UNIVERSITY OF STEUBENVILLE 186,000.00 20,000.00 3,138.75 4-01-05 4-01-2005 20022602 UNIVERSITY OF STEUBENVILLE 250,000.00 16,000.00 3,750.00 4-01-05 4-01-2005 20022701 UNIVERSITY OF VERMONT 2,212,000.00 59,000.00 33,180.00 4-01-05 4-01-2005 20023901 XAVIER UNIVERSITY OF LOUISIANA 420,000.00 - 6,300.00 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 3/31 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 3/31 SYSTEM DEBITS (PAYMENT REVERSALS) - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 3/31 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-04-05 4-01-2005 20000101 ALBION COLLEGE 950,000.00 - 14,250.00 4-04-05 4-01-2005 20002201 BLACK HILLS STATE COLLEGE 14,000.00 - 210.00 4-04-05 4-01-2005 20002202 BLACK HILLS STATE COLLEGE 34,000.00 - 510.00 4-04-05 4-01-2005 20006401 EMPORIA STATE UNIVERSITY 210,000.00 40,000.00 3,150.00 4-04-05 4-01-2005 20007902 GRAMBLING COLLEGE 175,000.00 - 2,625.00 4-04-05 4-01-2005 20010802 LONG ISLAND UNIVERSITY 103,000.00 - 1,931.25 4-04-05 4-01-2005 20012101 MIDDLEBURY COLLEGE 970,000.00 40,000.00 14,550.00 4-04-05 4-01-2005 20013501 NEW ENGLAND COLLEGE 257,999.99 - 4,676.25 4-04-05 4-01-2005 20013502 NEW ENGLAND COLLEGE 795,000.00 - 5,692.50 4-04-05 4-01-2005 20018001 ST.EDWARDS UNIVERSITY 136,000.00 13,000.00 2,465.00 4-04-05 4-01-2005 20019401 TEXAS STATE COLLEGE 105,000.00 35,000.00 1,575.00 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/01 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/01 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK DEBITS REPRESENTING 3/2005 SERVICE FEE - --------------------------------------------------------------------------------------------------------------------------------- 4-05-05 4-01-2005 20005801 DRAKE UNIVERSITY 730,000.00 40,000.00 10,950.00 4-05-05 4-01-2005 20013502 NEW ENGLAND COLLEGE - 45,000.00 6,232.50 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/04 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/04 SYSTEM CREDITS (SERVICE FEE DUE BACK TRUST ON LOAN NO. 02-0007801) - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/04 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-06-05 4-01-2005 20019101 TAYLOR UNIVERISTY 340,000.00 - 5,100.00 DATE GMACCM NET SYSTEM RECEIVED DATE DUE NUMBER BORROWER NAME SUSPENSE TOTAL PAID CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-01-05 4-01-2005 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU - 85,300.00 4-01-05 4-01-2005 20002101 BIRMINGHAM SOUTHERN COLLEGE - 720.00 4-01-05 4-01-2005 20002102 BIRMINGHAM SOUTHERN COLLEGE - 3,540.00 4-01-05 4-01-2005 20003001 CASE WESTERN RESERVE UNIVERSIT - 21,525.00 4-01-05 4-01-2005 20004001 COLLEGE OF ST. THOMAS - 36,675.00 4-01-05 4-01-2005 20004401 R.I. JR. COLLEGE - 14,440.00 4-01-05 4-01-2005 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A - 31,570.00 4-01-05 4-01-2005 20009502 SACRED HEART KANSAS NEWMAN COLLEGE - 21,630.00 4-01-05 4-01-2005 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) - 1,995.00 4-01-05 4-01-2005 20016101 RIVERSIDE HOSPITAL - 1,215.00 4-01-05 4-01-2005 20016201 RIVIER COLLEGE - 48,391.88 4-01-05 -- 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) - 193,325.00 4-01-05 4-01-2005 20018302 ST. MICHAELS COLLEGE - 26,200.00 4-01-05 4-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA - 4,050.00 4-01-05 4-01-2005 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 - 100,250.00 4-01-05 4-01-2005 20022601 UNIVERSITY OF STEUBENVILLE - 23,138.75 4-01-05 4-01-2005 20022602 UNIVERSITY OF STEUBENVILLE - 19,750.00 4-01-05 4-01-2005 20022701 UNIVERSITY OF VERMONT - 92,180.00 4-01-05 4-01-2005 20023901 XAVIER UNIVERSITY OF LOUISIANA - 6,300.00 SYSTEM CREDITS 732,195.63 - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 3/31 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 3/31 SYSTEM DEBITS (PAYMENT REVERSALS) - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 3/31 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-04-05 4-01-2005 20000101 ALBION COLLEGE - 14,250.00 4-04-05 4-01-2005 20002201 BLACK HILLS STATE COLLEGE - 210.00 4-04-05 4-01-2005 20002202 BLACK HILLS STATE COLLEGE - 510.00 4-04-05 4-01-2005 20006401 EMPORIA STATE UNIVERSITY - 43,150.00 4-04-05 4-01-2005 20007902 GRAMBLING COLLEGE - 2,625.00 4-04-05 4-01-2005 20010802 LONG ISLAND UNIVERSITY - 1,931.25 4-04-05 4-01-2005 20012101 MIDDLEBURY COLLEGE - 54,550.00 4-04-05 4-01-2005 20013501 NEW ENGLAND COLLEGE - 4,676.25 4-04-05 4-01-2005 20013502 NEW ENGLAND COLLEGE - 5,692.50 4-04-05 4-01-2005 20018001 ST.EDWARDS UNIVERSITY - 15,465.00 4-04-05 4-01-2005 20019401 TEXAS STATE COLLEGE - 36,575.00 SYSTEM CREDITS 179,635.00 - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/01 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/01 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK DEBITS REPRESENTING 3/2005 SERVICE FEE - --------------------------------------------------------------------------------------------------------------------------------- 4-05-05 4-01-2005 20005801 DRAKE UNIVERSITY - 50,950.00 4-05-05 4-01-2005 20013502 NEW ENGLAND COLLEGE - 51,232.50 SYSTEM CREDITS 102,182.50 - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/04 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/04 SYSTEM CREDITS (SERVICE FEE DUE BACK TRUST ON LOAN NO. 02-0007801) - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/04 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-06-05 4-01-2005 20019101 TAYLOR UNIVERISTY - 5,100.00 DATE GMACCM TOTAL BANK FIRST CHICAGO ACH DEBITS AND RECEIVED DATE DUE NUMBER BORROWER NAME CREDITS WIRES OTHER WIRES - --------------------------------------------------------------------------------------------------------------------------------- 4-01-05 4-01-2005 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 4-01-05 4-01-2005 20002101 BIRMINGHAM SOUTHERN COLLEGE 4-01-05 4-01-2005 20002102 BIRMINGHAM SOUTHERN COLLEGE 4-01-05 4-01-2005 20003001 CASE WESTERN RESERVE UNIVERSIT 4-01-05 4-01-2005 20004001 COLLEGE OF ST. THOMAS 4-01-05 4-01-2005 20004401 R.I. JR. COLLEGE 4-01-05 4-01-2005 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 4-01-05 4-01-2005 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 4-01-05 4-01-2005 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 4-01-05 4-01-2005 20016101 RIVERSIDE HOSPITAL 4-01-05 4-01-2005 20016201 RIVIER COLLEGE 4-01-05 -- 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 4-01-05 4-01-2005 20018302 ST. MICHAELS COLLEGE 4-01-05 4-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA 4-01-05 4-01-2005 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 4-01-05 4-01-2005 20022601 UNIVERSITY OF STEUBENVILLE 4-01-05 4-01-2005 20022602 UNIVERSITY OF STEUBENVILLE 4-01-05 4-01-2005 20022701 UNIVERSITY OF VERMONT 4-01-05 4-01-2005 20023901 XAVIER UNIVERSITY OF LOUISIANA SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 3/31 SYSTEM CREDITS 312,082.64 - --------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 3/31 SYSTEM DEBITS (PAYMENT REVERSALS) 310,082.64 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 3/31 SYSTEM CREDITS 2,000.00 - --------------------------------------------------------------------------------------------------------------------------------- 4-04-05 4-01-2005 20000101 ALBION COLLEGE 4-04-05 4-01-2005 20002201 BLACK HILLS STATE COLLEGE 4-04-05 4-01-2005 20002202 BLACK HILLS STATE COLLEGE 4-04-05 4-01-2005 20006401 EMPORIA STATE UNIVERSITY 4-04-05 4-01-2005 20007902 GRAMBLING COLLEGE 4-04-05 4-01-2005 20010802 LONG ISLAND UNIVERSITY 4-04-05 4-01-2005 20012101 MIDDLEBURY COLLEGE 4-04-05 4-01-2005 20013501 NEW ENGLAND COLLEGE 4-04-05 4-01-2005 20013502 NEW ENGLAND COLLEGE 4-04-05 4-01-2005 20018001 ST.EDWARDS UNIVERSITY 4-04-05 4-01-2005 20019401 TEXAS STATE COLLEGE SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/01 SYSTEM CREDITS 732,195.63 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/01 SYSTEM CREDITS 730,974.45 - --------------------------------------------------------------------------------------------------------------------------------- BANK DEBITS REPRESENTING 3/2005 SERVICE FEE 1,221.18 - --------------------------------------------------------------------------------------------------------------------------------- 4-05-05 4-01-2005 20005801 DRAKE UNIVERSITY 4-05-05 4-01-2005 20013502 NEW ENGLAND COLLEGE SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/04 SYSTEM CREDITS 179,635.00 - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/04 SYSTEM CREDITS (SERVICE FEE DUE BACK TRUST ON LOAN NO. 02-0 155.10 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/04 SYSTEM CREDITS 179,790.10 - --------------------------------------------------------------------------------------------------------------------------------- 4-06-05 4-01-2005 20019101 TAYLOR UNIVERISTY
1
DATE GMACCM RECEIVED DATE DUE NUMBER BORROWER NAME PRINCIPAL DUE INTEREST DUE TOTAL DUE - -------------------------------------------------------------------------------------------------------------------------- 4-06-05 4-01-2005 20023601 WESTERN WASHINGTON STATE COLLEGE - 900.00 900.00 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/05 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/05 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- 4-07-05 -- 20010301 LAREDO MUNICIPAL JR. COLLEGE - - - 4-07-05 4-07-2005 20018701 FINLANDIA UNIVERSITY 6,908.32 7,167.20 14,075.52 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- SYSTEM DEBITS - -------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/06 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/06 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- 4-08-05 4-01-2005 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 40,000.00 9,045.00 49,045.00 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/07 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- BANK CREDIT (FINLANDIA COLLEGE 02-0018701 RESERVE ACCOUNT DEPOSIT) - -------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/07 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 4/07 SYSTEM DEBITS (ESCROW DISBURSEMENT) - -------------------------------------------------------------------------------------------------------------------------- 4-11-05 4-01-2005 20016701 SCRIPPS COLLEGE - 420.00 420.00 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/08 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/08 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- 4-12-05 BANK CREDIT FROM 4/11 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/11 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- 4-13-05 4-01-2005 20000601 ALMA COLLEGE 45,000.00 4,350.00 49,350.00 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- 4-14-05 4-01-2005 20005201 DANIEL WEBSTER COLLEGE 15,000.00 3,900.00 18,900.00 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/13 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/13 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- 4-15-05 BANK CREDIT FROM 4/14 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/14 SYSTEM CREDITS - -------------------------------------------------------------------------------------------------------------------------- DATE GMACCM RECEIVED DATE DUE NUMBER BORROWER NAME PRINCIPAL BALANCE PRINCIPAL PAID INTEREST PAID - --------------------------------------------------------------------------------------------------------------------------------- 4-06-05 4-01-2005 20023601 WESTERN WASHINGTON STATE COLLEGE 60,000.00 - 900.00 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/05 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/05 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-07-05 -- 20010301 LAREDO MUNICIPAL JR. COLLEGE - - - 4-07-05 4-07-2005 20018701 FINLANDIA UNIVERSITY 2,378,056.27 6,908.32 7,167.20 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- SYSTEM DEBITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/06 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/06 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-08-05 4-01-2005 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 603,000.00 40,000.00 9,045.00 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/07 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT (FINLANDIA COLLEGE 02-0018701 RESERVE ACCOUNT DEPOSIT) - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/07 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 4/07 SYSTEM DEBITS (ESCROW DISBURSEMENT) - --------------------------------------------------------------------------------------------------------------------------------- 4-11-05 4-01-2005 20016701 SCRIPPS COLLEGE 28,000.00 - 420.00 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/08 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/08 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-12-05 BANK CREDIT FROM 4/11 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/11 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-13-05 4-01-2005 20000601 ALMA COLLEGE 290,000.00 45,000.00 4,350.00 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-14-05 4-01-2005 20005201 DANIEL WEBSTER COLLEGE 260,000.00 15,000.00 3,900.00 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/13 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/13 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-15-05 BANK CREDIT FROM 4/14 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/14 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- DATE GMACCM NET SYSTEM RECEIVED DATE DUE NUMBER BORROWER NAME SUSPENSE TOTAL PAID CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-06-05 4-01-2005 20023601 WESTERN WASHINGTON STATE COLLEGE - 900.00 SYSTEM CREDITS 6,000.00 - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/05 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/05 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-07-05 -- 20010301 LAREDO MUNICIPAL JR. COLLEGE (1,689.14) (1,689.14) 4-07-05 4-07-2005 20018701 FINLANDIA UNIVERSITY - 14,075.52 SYSTEM CREDITS 14,075.52 - --------------------------------------------------------------------------------------------------------------------------------- SYSTEM DEBITS (1,689.14) - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/06 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/06 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-08-05 4-01-2005 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 - 49,045.00 SYSTEM CREDITS 49,045.00 - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/07 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT (FINLANDIA COLLEGE 02-0018701 RESERVE ACCOUNT DEPOSIT) - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/07 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 4/07 SYSTEM DEBITS (ESCROW DISBURSEMENT) - --------------------------------------------------------------------------------------------------------------------------------- 4-11-05 4-01-2005 20016701 SCRIPPS COLLEGE - 420.00 SYSTEM CREDITS 420.00 - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/08 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/08 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-12-05 BANK CREDIT FROM 4/11 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/11 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-13-05 4-01-2005 20000601 ALMA COLLEGE - 49,350.00 SYSTEM CREDITS 49,350.00 - --------------------------------------------------------------------------------------------------------------------------------- 4-14-05 4-01-2005 20005201 DANIEL WEBSTER COLLEGE - 18,900.00 SYSTEM CREDITS 18,900.00 - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/13 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/13 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-15-05 BANK CREDIT FROM 4/14 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/14 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- DATE GMACCM TOTAL BANK FIRST CHICAGO ACH DEBITS AND RECEIVED DATE DUE NUMBER BORROWER NAME CREDITS WIRES OTHER WIRES - --------------------------------------------------------------------------------------------------------------------------------- 4-06-05 4-01-2005 20023601 WESTERN WASHINGTON STATE COLLEGE SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/05 SYSTEM CREDITS 102,182.50 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/05 SYSTEM CREDITS 102,182.50 - --------------------------------------------------------------------------------------------------------------------------------- 4-07-05 -- 20010301 LAREDO MUNICIPAL JR. COLLEGE 4-07-05 4-07-2005 20018701 FINLANDIA UNIVERSITY SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- SYSTEM DEBITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/06 SYSTEM CREDITS 6,000.00 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/06 SYSTEM CREDITS 6,000.00 - --------------------------------------------------------------------------------------------------------------------------------- 4-08-05 4-01-2005 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/07 SYSTEM CREDITS 14,075.52 - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT (FINLANDIA COLLEGE 02-0018701 RESERVE ACCOUNT DEPOSIT) 1,500.00 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/07 SYSTEM CREDITS 12,386.38 - --------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 4/07 SYSTEM DEBITS (ESCROW DISBURSEMENT) 1,689.14 - --------------------------------------------------------------------------------------------------------------------------------- 4-11-05 4-01-2005 20016701 SCRIPPS COLLEGE SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/08 SYSTEM CREDITS 49,045.00 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/08 SYSTEM CREDITS 49,045.00 - --------------------------------------------------------------------------------------------------------------------------------- 4-12-05 BANK CREDIT FROM 4/11 SYSTEM CREDITS 420.00 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/11 SYSTEM CREDITS 420.00 - --------------------------------------------------------------------------------------------------------------------------------- 4-13-05 4-01-2005 20000601 ALMA COLLEGE SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-14-05 4-01-2005 20005201 DANIEL WEBSTER COLLEGE SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/13 SYSTEM CREDITS 49,350.00 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/13 SYSTEM CREDITS 49,350.00 - --------------------------------------------------------------------------------------------------------------------------------- 4-15-05 BANK CREDIT FROM 4/14 SYSTEM CREDITS 18,900.00 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/14 SYSTEM CREDITS 18,900.00 - ---------------------------------------------------------------------------------------------------------------------------------
2
DATE GMACCM RECEIVED DATE DUE NUMBER BORROWER NAME PRINCIPAL DUE INTEREST DUE TOTAL DUE - --------------------------------------------------------------------------------------------------------------------------- 4-19-05 BANK CREDIT REPRESENTING $27.00 SERVICE FEE DIFFERENCE FROM 11/2004 DUE BACK TRUST - --------------------------------------------------------------------------------------------------------------------------- 4-22-05 5-01-2005 20002801 CARNEGIE MELLON UNIVERSITY - - - 4-22-05 4-01-2005 20003001 CASE WESTERN RESERVE UNIVERSIT - - - 4-22-05 4-01-2005 20012901 MONTEREY PENINSULA JR. COLLEGE - 3,450.00 3,450.00 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------- WIRE (SENT FROM THIS ACCOUNT IN ERROR) - --------------------------------------------------------------------------------------------------------------------------- 4-25-05 5-01-2005 20012001 MICHIGAN STATE UNIVERSITY - - - 4-25-05 5-01-2005 20016601 SARAH LAWRENCE COLLEGE - - - SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/22 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/22 SYSTEM CREDITS (INCLUDES $27.00 SERVICE FEE DIFFERENCE FROM 11/2004 DUE TRUST) - --------------------------------------------------------------------------------------------------------------------------- 4-26-05 BANK CREDIT FROM 4/25 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/25 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------- RETURN OF 4/22/2005 WIRE (SENT FROM THIS ACCOUNT IN ERROR) - --------------------------------------------------------------------------------------------------------------------------- 4-27-05 5-01-2005 20017801 SPRINGFIELD COLLEGE - - - SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------- 4-28-05 5-01-2005 20018901 SWARTHMORE COLLEGE - - - SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/27 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/27 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------- 4-29-05 BANK CREDIT FROM 4/28 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/28 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------- TOTALS: 1,035,908.32 249,345.33 1,285,253.65 ========================================== LOANS DUE IN CURRENT PERIOD AND PAID IN PRIOR PERIOD: 3-31-05 4012005 20007201 FOOTHILL JUNI - 600.00 600.00 DATE GMACCM RECEIVED DATE DUE NUMBER BORROWER NAME PRINCIPAL BALANCE PRINCIPAL PAID INTEREST PAID - --------------------------------------------------------------------------------------------------------------------------------- 4-19-05 BANK CREDIT REPRESENTING $27.00 SERVICE FEE DIFFERENCE FROM 11/2004 DUE BACK TRUST - --------------------------------------------------------------------------------------------------------------------------------- 4-22-05 5-01-2005 20002801 CARNEGIE MELLON UNIVERSITY - 15,000.00 6,855.00 4-22-05 4-01-2005 20003001 CASE WESTERN RESERVE UNIVERSIT - 100,000.00 - 4-22-05 4-01-2005 20012901 MONTEREY PENINSULA JR. COLLEGE 230,000.00 - 3,450.00 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE (SENT FROM THIS ACCOUNT IN ERROR) - --------------------------------------------------------------------------------------------------------------------------------- 4-25-05 5-01-2005 20012001 MICHIGAN STATE UNIVERSITY - 14,828.53 8,697.31 4-25-05 5-01-2005 20016601 SARAH LAWRENCE COLLEGE - 21,584.70 13,695.04 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/22 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/22 SYSTEM CREDITS (INCLUDES $27.00 SERVICE FEE DIFFERENCE FROM 11/2004 DUE TRUST) - --------------------------------------------------------------------------------------------------------------------------------- 4-26-05 BANK CREDIT FROM 4/25 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/25 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- RETURN OF 4/22/2005 WIRE (SENT FROM THIS ACCOUNT IN ERROR) - --------------------------------------------------------------------------------------------------------------------------------- 4-27-05 5-01-2005 20017801 SPRINGFIELD COLLEGE - 6,854.19 1,463.71 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-28-05 5-01-2005 20018901 SWARTHMORE COLLEGE - 4,345.20 1,420.66 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/27 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/27 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-29-05 BANK CREDIT FROM 4/28 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/28 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- TOTALS: 18,294,056.26 1,068,520.94 281,477.05 ================================================ LOANS DUE IN CURRENT PERIOD AND PAID IN PRIOR PERIOD: 3-31-05 4012005 20007201 FOOTHILL JUNI 40,000.00 DATE GMACCM NET SYSTEM RECEIVED DATE DUE NUMBER BORROWER NAME SUSPENSE TOTAL PAID CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-19-05 BANK CREDIT REPRESENTING $27.00 SERVICE FEE DIFFERENCE FROM 11/2004 DUE BACK TRUST - --------------------------------------------------------------------------------------------------------------------------------- 4-22-05 5-01-2005 20002801 CARNEGIE MELLON UNIVERSITY - 21,855.00 4-22-05 4-01-2005 20003001 CASE WESTERN RESERVE UNIVERSIT - 100,000.00 4-22-05 4-01-2005 20012901 MONTEREY PENINSULA JR. COLLEGE - 3,450.00 SYSTEM CREDITS 125,305.00 - --------------------------------------------------------------------------------------------------------------------------------- WIRE (SENT FROM THIS ACCOUNT IN ERROR) - --------------------------------------------------------------------------------------------------------------------------------- 4-25-05 5-01-2005 20012001 MICHIGAN STATE UNIVERSITY - 23,525.84 4-25-05 5-01-2005 20016601 SARAH LAWRENCE COLLEGE - 35,279.74 SYSTEM CREDITS 58,805.58 - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/22 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/22 SYSTEM CREDITS (INCLUDES $27.00 SERVICE FEE DIFFERENCE FROM 11/2004 DUE TRUST) - --------------------------------------------------------------------------------------------------------------------------------- 4-26-05 BANK CREDIT FROM 4/25 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/25 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- RETURN OF 4/22/2005 WIRE (SENT FROM THIS ACCOUNT IN ERROR) - --------------------------------------------------------------------------------------------------------------------------------- 4-27-05 5-01-2005 20017801 SPRINGFIELD COLLEGE - 8,317.90 SYSTEM CREDITS 8,317.90 - --------------------------------------------------------------------------------------------------------------------------------- 4-28-05 5-01-2005 20018901 SWARTHMORE COLLEGE - 5,765.86 SYSTEM CREDITS 5,765.86 - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/27 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/27 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-29-05 BANK CREDIT FROM 4/28 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/28 SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- TOTALS: (1,689.14) 1,348,308.85 1,348,308.85 LOANS DUE IN CURRENT PERIOD AND PAID IN PRIOR PERIOD: 3-31-05 4012005 20007201 FOOTHILL JUNI DATE GMACCM TOTAL BANK FIRST CHICAGO ACH DEBITS AND RECEIVED DATE DUE NUMBER BORROWER NAME CREDITS WIRES OTHER WIRES - --------------------------------------------------------------------------------------------------------------------------------- 4-19-05 BANK CREDIT REPRESENTING $27.00 SERVICE FEE DIFFERENCE FROM 11/2004 DUE BACK TRUST 27.00 - --------------------------------------------------------------------------------------------------------------------------------- 4-22-05 5-01-2005 20002801 CARNEGIE MELLON UNIVERSITY 4-22-05 4-01-2005 20003001 CASE WESTERN RESERVE UNIVERSIT 4-22-05 4-01-2005 20012901 MONTEREY PENINSULA JR. COLLEGE SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- WIRE (SENT FROM THIS ACCOUNT IN ERROR) 160,854.19 - --------------------------------------------------------------------------------------------------------------------------------- 4-25-05 5-01-2005 20012001 MICHIGAN STATE UNIVERSITY 4-25-05 5-01-2005 20016601 SARAH LAWRENCE COLLEGE SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/22 SYSTEM CREDITS 125,305.00 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/22 SYSTEM CREDITS (INCLUDES $27.00 SERVICE FEE DIFFERENCE FROM 11/2004 DUE TRUST) 125,332.00 - --------------------------------------------------------------------------------------------------------------------------------- 4-26-05 BANK CREDIT FROM 4/25 SYSTEM CREDITS 58,805.58 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/25 SYSTEM CREDITS 58,805.58 - --------------------------------------------------------------------------------------------------------------------------------- RETURN OF 4/22/2005 WIRE (SENT FROM THIS ACCOUNT IN ERROR) (160,854.19) - --------------------------------------------------------------------------------------------------------------------------------- 4-27-05 5-01-2005 20017801 SPRINGFIELD COLLEGE SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- 4-28-05 5-01-2005 20018901 SWARTHMORE COLLEGE SYSTEM CREDITS - --------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 4/27 SYSTEM CREDITS 8,317.90 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/27 SYSTEM CREDITS 8,317.90 - --------------------------------------------------------------------------------------------------------------------------------- 4-29-05 BANK CREDIT FROM 4/28 SYSTEM CREDITS 5,765.86 - --------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 4/28 SYSTEM CREDITS 5,765.86 - --------------------------------------------------------------------------------------------------------------------------------- TOTALS: 1,663,762.73 1,349,269.77 312,992.96 ================================================== LOANS DUE IN CURRENT PERIOD AND PAID IN PRIOR PERIOD: 3-31-05 4012005 20007201 FOOTHILL JUNI
3
DATE GMACCM RECEIVED DATE DUE NUMBER BORROWER NAME PRINCIPAL DUE INTEREST DUE TOTAL DUE - --------------------------------------------------------------------------------------------------------------------------- TOTALS: - 600.00 600.00 LOANS DUE IN CURRENT PERIOD NOT YET PAID: TOTALS: - - - ========================================== GRAND TOTAL: 1,035,908.32 249,945.33 1,285,853.65 ========================================== DATE GMACCM RECEIVED DATE DUE NUMBER BORROWER NAME PRINCIPAL BALANCE PRINCIPAL PAID INTEREST PAID - --------------------------------------------------------------------------------------------------------------------------------- TOTALS: 40,000.00 LOANS DUE IN CURRENT PERIOD NOT YET PAID: TOTALS: - ================= GRAND TOTAL: 18,334,056.26 ================= DATE GMACCM NET SYSTEM RECEIVED DATE DUE NUMBER BORROWER NAME SUSPENSE TOTAL PAID CREDITS - --------------------------------------------------------------------------------------------------------------------------------- TOTALS: LOANS DUE IN CURRENT PERIOD NOT YET PAID: TOTALS: GRAND TOTAL: DATE GMACCM TOTAL BANK FIRST CHICAGO ACH DEBITS AND RECEIVED DATE DUE NUMBER BORROWER NAME CREDITS WIRES OTHER WIRES - --------------------------------------------------------------------------------------------------------------------------------- TOTALS: LOANS DUE IN CURRENT PERIOD NOT YET PAID: TOTALS: GRAND TOTAL:
4 GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I REMITTANCE REPORT RECONCILIATION APRIL-05
TOTAL SYSTEM/BANK CREDITS @ 4/30 1,348,308.85 =============== TOTAL DEBITS TO TRUSTEE@ 4/30 1,349,269.77 =============== 4/1/2005 FUNDS IN TRANSIT (2,000.00) 4/4/2005 3/2005 SERVICE FEE WITHHELD 1,221.18 4/5/2005 SERVICE FEE DUE BACK TO TRUST (155.10) 4/19/2005 SERVICE FEE DUE BACK TO TRUST (27.00) ADJUSTED DEBITS TO TRUSTEE 1,348,308.85 =============== (0.00)
COLLEGE AND UNIVERSITY LOAN TRUST I REMITTANCE REPORT RECONCILIATION APRIL-05 TOTAL SYSTEM CREDITS @ 4/30 1,348,308.85 --------------- TOTAL BANK CREDITS 1,663,762.73 --------------- 4/1/2005 FUNDS IN TRANSIT (312,082.64) 4/5/2005 SERVICE FEE DUE BACK TRUST (155.10) 4/7/2005 ESCROW DISBURSEMENT (1,689.14) 4/8/2005 RESERVE DEPOSIT (FINLANDIA COLLEGE) (1,500.00) 4/19/2005 SERVICE FEE DUE BACK TRUST (27.00) ADJUSTED BANK CREDITS: 1,348,308.85 =============== -
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I REMITTANCE REPORT FOR MAY 2005
DATE GMACCM PRINCIPAL RECEIVED DATE DUE NUMBER BORROWER NAME DUE INTEREST DUE TOTAL DUE - ----------------------------------------------------------------------------------------------------------------------------------- 05-02-05 05-01-05 20000401 UNIVERSITY OF ALFRED - 2,025.00 2,025.00 05-02-05 05-01-05 20006502 FAIRLEIGH DICKINSON UNIVERSITY 2,244.78 1,370.04 3,614.82 05-02-05 05-01-05 20008301 HARCUM COLLEGE - 7,500.00 7,500.00 05-02-05 05-01-05 20013301 MORRIS COLLEGE - BONDS 1983 - 9,360.00 9,360.00 05-02-05 05-01-05 20019201 TEMPLE UNIVERSITY - 5,535.00 5,535.00 05-02-05 05-01-05 20023501 WESTERN MARYLAND COLLEGE - 14,700.00 14,700.00 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-03-05 05-01-05 20018801 SUSQUEHANNA UNIVERSITY - 600.00 600.00 05-03-05 05-03-05 20018802 SUSQUEHANNA UNIVERSITY - 5,165.63 5,165.63 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/2 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- SYTEM DEBIT FOR RESERVE DISBURSEMENT FOR 020018701. WIRE TO TRUSTEE FOR 5/2 SYSTEM CREDITS LESS 4466.41 FOR APRIL 2005 SERVICE FEES. - ----------------------------------------------------------------------------------------------------------------------------------- 05-04-05 05-01-05 20001901 BENEDICT COLLEGE SERIES 1974 - 345.00 345.00 05-04-05 05-01-05 20002701 CALIFORNIA STATE UNIVERSITY - 19,800.00 19,800.00 05-04-05 05-01-05 20016401 CALIFORNIA STATE UNIVERSITY - 4,800.00 4,800.00 05-04-05 05-01-05 20016501 CALIFORNIA STATE UNIVERSITY - 10,050.00 10,050.00 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/3 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/3 SYSTEM DEBITS (PAYMENT REVERSALS) WIRE TO TRUSTEE FOR 5/3 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-06-05 05-01-05 20001201 ATLANTIC UNION COLLEGE 3,402.12 2,588.32 5,990.44 05-06-05 05-01-05 20021301 UNIVERSITY OF MONTEVALLO 8,000.00 3,105.00 11,105.00 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/5 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/5 SYSTEM DEBITS (PAYMENT REVERSALS) WIRE TO TRUSTEE FOR 5/5 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-09-05 05-07-05 20018701 FINLANDIA UNIVERSITY 7,159.67 6,915.85 14,075.52 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/6 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/6 SYSTEM DEBITS (PAYMENT REVERSALS) DATE GMACCM PRINCIPAL RECEIVED DATE DUE NUMBER BORROWER NAME BALANCE PRINCIPAL PAID INTEREST PAID - ----------------------------------------------------------------------------------------------------------------------------------- 05-02-05 05-01-05 20000401 UNIVERSITY OF ALFRED 135,000.00 - 2,025.00 05-02-05 05-01-05 20006502 FAIRLEIGH DICKINSON UNIVERSITY 91,336.31 2,244.78 1,370.04 05-02-05 05-01-05 20008301 HARCUM COLLEGE 500,000.00 - 7,500.00 05-02-05 05-01-05 20013301 MORRIS COLLEGE - BONDS 1983 624,000.00 - 9,360.00 05-02-05 05-01-05 20019201 TEMPLE UNIVERSITY 328,000.00 - 5,535.00 05-02-05 05-01-05 20023501 WESTERN MARYLAND COLLEGE 980,000.00 - 14,700.00 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-03-05 05-01-05 20018801 SUSQUEHANNA UNIVERSITY 40,000.00 - 600.00 05-03-05 05-03-05 20018802 SUSQUEHANNA UNIVERSITY 285,000.00 - 5,165.63 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/2 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- SYTEM DEBIT FOR RESERVE DISBURSEMENT FOR 020018701. WIRE TO TRUSTEE FOR 5/2 SYSTEM CREDITS LESS 4466.41 FOR APRIL 2005 SERVICE FEES. - ----------------------------------------------------------------------------------------------------------------------------------- 05-04-05 05-01-05 20001901 BENEDICT COLLEGE SERIES 1974 23,000.00 - 345.00 05-04-05 05-01-05 20002701 CALIFORNIA STATE UNIVERSITY 1,320,000.00 - 19,800.00 05-04-05 05-01-05 20016401 CALIFORNIA STATE UNIVERSITY 320,000.00 - 4,800.00 05-04-05 05-01-05 20016501 CALIFORNIA STATE UNIVERSITY 670,000.00 - 10,050.00 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/3 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/3 SYSTEM DEBITS (PAYMENT REVERSALS) WIRE TO TRUSTEE FOR 5/3 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-06-05 05-01-05 20001201 ATLANTIC UNION COLLEGE 172,554.67 3,402.12 2,588.32 05-06-05 05-01-05 20021301 UNIVERSITY OF MONTEVALLO 207,000.00 8,000.00 3,105.00 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/5 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/5 SYSTEM DEBITS (PAYMENT REVERSALS) WIRE TO TRUSTEE FOR 5/5 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-09-05 05-07-05 20018701 FINLANDIA UNIVERSITY 2,371,147.95 7,159.67 6,915.85 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/6 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/6 SYSTEM DEBITS (PAYMENT REVERSALS) DATE GMACCM NET SYSTEM RECEIVED DATE DUE NUMBER BORROWER NAME SUSPENSE TOTAL PAID CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-02-05 05-01-05 20000401 UNIVERSITY OF ALFRED - 2,025.00 05-02-05 05-01-05 20006502 FAIRLEIGH DICKINSON UNIVERSITY - 3,614.82 05-02-05 05-01-05 20008301 HARCUM COLLEGE - 7,500.00 05-02-05 05-01-05 20013301 MORRIS COLLEGE - BONDS 1983 - 9,360.00 05-02-05 05-01-05 20019201 TEMPLE UNIVERSITY - 5,535.00 05-02-05 05-01-05 20023501 WESTERN MARYLAND COLLEGE - 14,700.00 SYSTEM CREDITS 42,734.82 - ----------------------------------------------------------------------------------------------------------------------------------- 05-03-05 05-01-05 20018801 SUSQUEHANNA UNIVERSITY - 600.00 05-03-05 05-03-05 20018802 SUSQUEHANNA UNIVERSITY - 5,165.63 SYSTEM CREDITS 5,765.63 - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/2 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- SYTEM DEBIT FOR RESERVE DISBURSEMENT FOR 020018701. WIRE TO TRUSTEE FOR 5/2 SYSTEM CREDITS LESS 4466.41 FOR APRIL 2005 SERVICE FEES. - ----------------------------------------------------------------------------------------------------------------------------------- 05-04-05 05-01-05 20001901 BENEDICT COLLEGE SERIES 1974 - 345.00 05-04-05 05-01-05 20002701 CALIFORNIA STATE UNIVERSITY - 19,800.00 05-04-05 05-01-05 20016401 CALIFORNIA STATE UNIVERSITY - 4,800.00 05-04-05 05-01-05 20016501 CALIFORNIA STATE UNIVERSITY - 10,050.00 SYSTEM CREDITS 34,995.00 - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/3 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/3 SYSTEM DEBITS (PAYMENT REVERSALS) WIRE TO TRUSTEE FOR 5/3 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-06-05 05-01-05 20001201 ATLANTIC UNION COLLEGE - 5,990.44 05-06-05 05-01-05 20021301 UNIVERSITY OF MONTEVALLO - 11,105.00 SYSTEM CREDITS 17,095.44 - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/5 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/5 SYSTEM DEBITS (PAYMENT REVERSALS) WIRE TO TRUSTEE FOR 5/5 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-09-05 05-07-05 20018701 FINLANDIA UNIVERSITY - 14,075.52 SYSTEM CREDITS 14,075.52 - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/6 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/6 SYSTEM DEBITS (PAYMENT REVERSALS) ACH DEBITS DATE GMACCM TOTAL BANK FIRST CHICAGO AND OTHER RECEIVED DATE DUE NUMBER BORROWER NAME CREDITS WIRES WIRES - ----------------------------------------------------------------------------------------------------------------------------------- 05-02-05 05-01-05 20000401 UNIVERSITY OF ALFRED 05-02-05 05-01-05 20006502 FAIRLEIGH DICKINSON UNIVERSITY 05-02-05 05-01-05 20008301 HARCUM COLLEGE 05-02-05 05-01-05 20013301 MORRIS COLLEGE - BONDS 1983 05-02-05 05-01-05 20019201 TEMPLE UNIVERSITY 05-02-05 05-01-05 20023501 WESTERN MARYLAND COLLEGE SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-03-05 05-01-05 20018801 SUSQUEHANNA UNIVERSITY 05-03-05 05-03-05 20018802 SUSQUEHANNA UNIVERSITY SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/2 SYSTEM CREDITS 42,734.82 - ----------------------------------------------------------------------------------------------------------------------------------- SYTEM DEBIT FOR RESERVE DISBURSEMENT FOR 020018701. 239.75 WIRE TO TRUSTEE FOR 5/2 SYSTEM CREDITS LESS 4466.41 FOR APRIL 2005 SERVICE FEES. 38,268.41 - ----------------------------------------------------------------------------------------------------------------------------------- 05-04-05 05-01-05 20001901 BENEDICT COLLEGE SERIES 1974 05-04-05 05-01-05 20002701 CALIFORNIA STATE UNIVERSITY 05-04-05 05-01-05 20016401 CALIFORNIA STATE UNIVERSITY 05-04-05 05-01-05 20016501 CALIFORNIA STATE UNIVERSITY SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/3 SYSTEM CREDITS 5,765.63 - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/3 SYSTEM DEBITS (PAYMENT REVERSALS) WIRE TO TRUSTEE FOR 5/3 SYSTEM CREDITS 5,765.63 - ----------------------------------------------------------------------------------------------------------------------------------- 05-06-05 05-01-05 20001201 ATLANTIC UNION COLLEGE 05-06-05 05-01-05 20021301 UNIVERSITY OF MONTEVALLO SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/5 SYSTEM CREDITS 34,995.00 - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/5 SYSTEM DEBITS (PAYMENT REVERSALS) WIRE TO TRUSTEE FOR 5/5 SYSTEM CREDITS 34,995.00 - ----------------------------------------------------------------------------------------------------------------------------------- 05-09-05 05-07-05 20018701 FINLANDIA UNIVERSITY SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/6 SYSTEM CREDITS 17,095.44 - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/6 SYSTEM DEBITS (PAYMENT REVERSALS) - -----------------------------------------------------------------------------------------------------------------------------------
WIRE TO TRUSTEE FOR 5/6 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-10-05 05-01-05 20004501 CONCORDIA TEACHERS COLLEGE 30,000.00 6,150.00 36,150.00 05-10-05 05-01-05 20020001 UNIVERSITY OF ALABAMA 70,000.00 22,290.00 92,290.00 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/9 SYSTEM CREDITS 14075.52 PLUS 1500.00 FOR RESERVES. (FUNDS TO STAY IN THE ACCOUNT UNTIL REQUESTED.) - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/9 SYSTEM DEBITS (PAYMENT REVERSALS) WIRE TO TRUSTEE FOR 5/9 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-20-05 06-01-05 20013001 MONTREAT-ANDERSON COLLEGE SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/19 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 5/19 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-25-05 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 05-25-05 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/24 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 5/24 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-26-05 BANK CREDIT FROM 5/25 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 5/25 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS: 120,806.57 122,299.84 243,106.41 ========================================== LOANS DUE IN CURRENT PERIOD AND PAID IN PRIOR PERIOD: 04-22-05 05-01-05 20002801 CARNEGIE-MELL 15,000.00 6,855.00 21,855.00 03-31-05 05-01-05 20008401 HAVERFORD COL - 5,165.63 5,165.63 04-25-05 05-01-05 20012001 MSU HOUSING 14,828.53 8,697.31 23,525.84 04-25-05 05-01-05 20016601 SARAH LAWRENC 21,584.70 13,695.04 35,279.74 04-27-05 05-01-05 20017801 SPRINGFIELD C 6,854.19 1,463.71 8,317.90 04-28-05 05-01-05 20018901 SWARTHMORE CO 4,345.20 1,420.66 5,765.86 TOTALS: 62,612.62 37,297.35 99,909.97 ========================================== LOANS DUE IN CURRENT PERIOD NOT YET PAID: 05-01-05 20008201 HAMPSHIRE COL - 510.00 510.00 TOTALS: - 510.00 510.00 ========================================== GRAND TOTAL: 183,419.19 160,107.19 343,526.38 ==========================================
WIRE TO TRUSTEE FOR 5/6 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-10-05 05-01-05 20004501 CONCORDIA TEACHERS COLLEGE 409,999.99 30,000.00 6,150.00 05-10-05 05-01-05 20020001 UNIVERSITY OF ALABAMA 1,486,000.00 70,000.00 22,290.00 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/9 SYSTEM CREDITS 14075.52 PLUS 1500.00 FOR RESERVES. (FUNDS TO STAY IN THE ACCOUNT UNTIL REQUESTED.) - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/9 SYSTEM DEBITS (PAYMENT REVERSALS) WIRE TO TRUSTEE FOR 5/9 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-20-05 06-01-05 20013001 MONTREAT-ANDERSON COLLEGE 2,600.00 1,272.00 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/19 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 5/19 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-25-05 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 1,450,000.00 21,750.00 05-25-05 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 - 13,050.00 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/24 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 5/24 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-26-05 BANK CREDIT FROM 5/25 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 5/25 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS: 9,963,038.92 1,573,406.57 158,371.84 ========================================== LOANS DUE IN CURRENT PERIOD AND PAID IN PRIOR PERIOD: 04-22-05 05-01-05 20002801 CARNEGIE-MELL 457,000.00 03-31-05 05-01-05 20008401 HAVERFORD COL 285,000.00 04-25-05 05-01-05 20012001 MSU HOUSING 579,820.97 04-25-05 05-01-05 20016601 SARAH LAWRENC 913,002.78 04-27-05 05-01-05 20017801 SPRINGFIELD C 97,581.45 04-28-05 05-01-05 20018901 SWARTHMORE CO 94,710.81 TOTALS: 2,427,116.01 ============= LOANS DUE IN CURRENT PERIOD NOT YET PAID: 05-01-05 20008201 HAMPSHIRE COL 34,000.00 TOTALS: 34,000.00 ============= GRAND TOTAL: 12,424,154.93 ============= WIRE TO TRUSTEE FOR 5/6 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-10-05 05-01-05 20004501 CONCORDIA TEACHERS COLLEGE - 36,150.00 05-10-05 05-01-05 20020001 UNIVERSITY OF ALABAMA - 92,290.00 SYSTEM CREDITS 128,440.00 - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/9 SYSTEM CREDITS 14075.52 PLUS 1500.00 FOR RESERVES. (FUNDS TO STAY IN THE ACCOUNT UNTIL REQUESTED.) - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/9 SYSTEM DEBITS (PAYMENT REVERSALS) WIRE TO TRUSTEE FOR 5/9 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-20-05 06-01-05 20013001 MONTREAT-ANDERSON COLLEGE - 3,872.00 SYSTEM CREDITS 3,872.00 - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/19 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 5/19 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-25-05 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 - 1,471,750.00 05-25-05 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 - 13,050.00 SYSTEM CREDITS 1,484,800.00 - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/24 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 5/24 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- 05-26-05 BANK CREDIT FROM 5/25 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 5/25 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS: - 1,731,778.41 1,731,778.41 ========================================== LOANS DUE IN CURRENT PERIOD AND PAID IN PRIOR PERIOD: 04-22-05 05-01-05 20002801 CARNEGIE-MELL 03-31-05 05-01-05 20008401 HAVERFORD COL 04-25-05 05-01-05 20012001 MSU HOUSING 04-25-05 05-01-05 20016601 SARAH LAWRENC 04-27-05 05-01-05 20017801 SPRINGFIELD C 04-28-05 05-01-05 20018901 SWARTHMORE CO TOTALS: LOANS DUE IN CURRENT PERIOD NOT YET PAID: 05-01-05 20008201 HAMPSHIRE COL TOTALS: GRAND TOTAL: WIRE TO TRUSTEE FOR 5/6 SYSTEM CREDITS 17,095.44 - ----------------------------------------------------------------------------------------------------------------------------------- 05-10-05 05-01-05 20004501 CONCORDIA TEACHERS COLLEGE 05-10-05 05-01-05 20020001 UNIVERSITY OF ALABAMA SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/9 SYSTEM CREDITS 14075.52 PLUS 1500.00 FOR RESERVES. (FUNDS TO STAY IN THE ACCOUNT UNTIL REQUESTED.) 15,575.52 - ----------------------------------------------------------------------------------------------------------------------------------- BANK DEBIT FROM 5/9 SYSTEM DEBITS (PAYMENT REVERSALS) WIRE TO TRUSTEE FOR 5/9 SYSTEM CREDITS 14,075.52 - ----------------------------------------------------------------------------------------------------------------------------------- 05-20-05 06-01-05 20013001 MONTREAT-ANDERSON COLLEGE SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/19 SYSTEM CREDITS 128,440.00 - ----------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 5/19 SYSTEM CREDITS 128,440.00 - ----------------------------------------------------------------------------------------------------------------------------------- 05-25-05 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 05-25-05 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 SYSTEM CREDITS - ----------------------------------------------------------------------------------------------------------------------------------- BANK CREDIT FROM 5/24 SYSTEM CREDITS 3,872.00 - ----------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 5/24 SYSTEM CREDITS 3,872.00 - ----------------------------------------------------------------------------------------------------------------------------------- 05-26-05 BANK CREDIT FROM 5/25 SYSTEM CREDITS 1,484,800.00 - ----------------------------------------------------------------------------------------------------------------------------------- WIRE TO TRUSTEE FOR 5/25 SYSTEM CREDITS 1,484,800.00 - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS: 1,733,278.41 1,727,312.00 239.75 ================================================== LOANS DUE IN CURRENT PERIOD AND PAID IN PRIOR PERIOD: 04-22-05 05-01-05 20002801 CARNEGIE-MELL 03-31-05 05-01-05 20008401 HAVERFORD COL 04-25-05 05-01-05 20012001 MSU HOUSING 04-25-05 05-01-05 20016601 SARAH LAWRENC 04-27-05 05-01-05 20017801 SPRINGFIELD C 04-28-05 05-01-05 20018901 SWARTHMORE CO TOTALS: LOANS DUE IN CURRENT PERIOD NOT YET PAID: 05-01-05 20008201 HAMPSHIRE COL TOTALS: GRAND TOTAL:
COLLEGE AND UNIVERSITY LOAN TRUST I REMITTANCE REPORT RECONCILIATION MAY-05 TOTAL SYSTEM CREDITS @ 5/31 1,731,778.41 ----------------- TOTAL BANK CREDITS 1,733,278.41 ----------------- 5/1/2005 FUNDS IN TRANSIT - 5/10/2005 RESERVE PAYMENT LOAN #02-0018701 (1,500.00) ADJUSTED BANK CREDITS: 1,731,778.41 =================
TOTAL SYSTEM/BANK CREDITS @ 5/31 1,733,278.41 ================= TOTAL DEBITS TO TRUSTEE @ 5/31 1,727,312.00 ================= 5/1/2005 FUNDS IN TRANSIT - 5/2/2005 APRIL 2005 SERVICE FEE WITHHELD 4,466.41 5/3/2005 RESERVE DISBURSEMENT FOR LOAN #02-0018701 - 5/10/2005 RESERVE PAYMENT FOR LOAN #02-0018701 1,500.00 ADJUSTED DEBITS TO TRUSTEE 1,733,278.41 =================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I COLLECTION ACCOUNT ACTIVITY REPORT FOR THE QUARTER ENDED MARCH 31, 2005
JANUARY FEBRUARY MARCH -------------- -------------- -------------- COLLECTIONS: Principal Payments 396,480.79 27,864.78 737,581.28 Interest Payments 94,232.06 13,248.10 76,596.88 ------------------------------------------------ TOTAL PRINCIPAL AND INTEREST COLLECTIONS 490,712.85 41,112.88 814,178.16 ------------------------------------------------ Payments and Reversals Posted to Suspense 223,508.77 82.64 (308,393.50) ------------------------------------------------ TOTAL COLLECTIONS 714,221.62 41,195.52 505,784.66 ------------------------------------------------ Less: Servicing Fees (not withheld from remittances) (1,183.86) (221.57) (1,221.18) ================================================ NET COLLECTIONS 713,037.76 40,973.95 504,563.48 ================================================
GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I SERVICE FEES SCHEDULE FOR THE QUARTER ENDED MARCH 31, 2005
GMACCM PRINCIPAL DATE DUE NUMBER BORROWER NAME PRINCIPAL DUE INTEREST DUE TOTAL DUE BALANCE SERVICE FEES - ----------------------------------------------------------------------------------------------------------------- JANUARY 1-01-2005 20003901 COLL. OF CHAR 0.00 10725.00 10725.00 715000.00 196.63 1-01-2005 20006801 FLORIDA ATLAN 0.00 1350.00 1350.00 90000.00 24.75 1-01-2005 20009201 JACKSON ST. 50000.00 2250.00 52250.00 150000.00 41.25 1-01-2005 20012401 MISSISSIPPI V 0.00 600.00 600.00 40000.00 11.00 1-01-2005 20012801 MONTCLAIR COL 0.00 2700.00 2700.00 180000.00 49.50 1-07-2005 20018701 SUOMI COLLEGE 6844.16 7231.36 14075.52 2399346.49 109.97 1-01-2005 20020803 UNIV. OF FLOR 113000.00 1695.00 114695.00 113000.00 31.08 1-01-2005 20021401 U OF NEBRASKA 4000.00 1380.00 5380.00 92000.00 25.30 1-01-2005 20021603 NORTH CAROLIN 65000.00 16125.00 81125.00 1075000.00 295.63 1-01-2005 20022401 SOUTH FLORIDA 0.00 21750.00 21750.00 1450000.00 398.75 ------------------------------------------------------------------------- TOTALS: 238,844.16 65,806.36 304,650.52 6,304,346.49 1,183.86 ========================================================================= FEBRUARY 2-01-2005 20002501 BRYAN COLLEGE 8000.00 1545.00 9545.00 103000.00 28.33 2-01-2005 20006901 FLORIDA TECH 9000.00 255.00 9255.00 17000.00 4.68 2-01-2005 20010301 LAREDO MUN. J 0.00 1845.00 1845.00 123000.00 33.83 2-01-2005 20018601 STILLMAN COLL 4000.00 150.00 4150.00 10000.00 2.75 2-07-2005 20018701 SUOMI COLLEGE 6864.78 7210.74 14075.52 2392502.33 109.66 2-01-2005 20023101 VANDERBLT/GEO 0.00 2308.42 2308.42 153895.00 42.32 ------------------------------------------------------------------------- TOTALS: 27,864.78 13,314.16 41,178.94 2,799,397.33 221.57 ========================================================================= MARCH 3-01-2005 20000902 ANDERSON COLL 25000.00 2250.00 27250.00 150000.00 41.25 3-01-2005 20013801 NORTH CAROLIN 0.00 4125.00 4125.00 275000.00 75.63 3-07-2005 20018701 SUOMI COLLEGE 7581.28 6494.24 14075.52 2385637.55 109.34 3-01-2005 20019502 TEXAS TECH UN 45000.00 8573.12 53573.12 473000.00 130.08 3-01-2005 20019504 TEXAS TECH UN 350000.00 53071.88 403071.88 3145000.00 864.88 TOTALS: 427,581.28 74,514.24 502,095.52 6,428,637.55 1,221.18 ========================================================================= TOTALS FOR 1ST QTR 694,290.22 153,634.76 847,924.98 15,532,381.37 2,626.61 =========================================================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I PAID IN FULL LOAN SCHEDULE FOR THE QUARTER ENDED MARCH 31, 2005
LOAN PRINCIPAL NUMBER PAYOFF DATE TOTAL AMOUNT AMOUNT INTEREST AMOUNT OTHER FEES MATURITY DATE - ---------------------------------------------------------------------------------------------- 20020803 1-03-05 114,695.00 113,000.00 1,695.00 1-01-2005 20008401 5-03-31 310,000.00 310,000.00 - 1,400.00 11-01-2013 TOTALS 424,695.00 423,000.00 1,695.00 1,400.00 ==============================================================================================
* Please note that service fees have not yet been deducted. GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I SUMMARY OF PARTIAL PREPAYMENTS FOR THE QUARTER ENDED ON MARCH 31, 2005
TOTAL AMOUNT PRINCIPAL INTEREST LOAN NUMBER PAYOFF DATE PAID AMOUNT AMOUNT - -------------------------------------------------------------------------------- None to Report - ---------------------------------------------- TOTAL: - - - ==============================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I TRIAL BALANCE FOR THE QUARTER ENDED ON MARCH 31, 2005
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 950,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 135,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 290,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 125,000.00 3-01-2010 20001201 ATLANTIC UNION COLLEGE 3.00 172,554.67 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 1,020,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 603,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 23,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 48,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 236,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 14,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 722,688.80 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 95,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,320,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 457,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,435,000.00 4-01-2016 20003901 COLLEGE OF CHARLESTON 3.00 715,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 445,000.00 4-01-2017 20004401 R.I. JR. COLLEGE 3.00 296,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 409,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 260,000.00 4-01-2019 20005801 DRAKE UNIVERSITY 3.00 730,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 210,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 91,336.31 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 90,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 8,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 40,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 175,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 500,000.00 11-01-2015 20009201 JACKSON STATE COLLEGE 3.00 100,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 438,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 42,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 520,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 123,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 453,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 103,000.00 10-01-2005 20012001 MICHIGAN STATE UNIVERSITY 3.00 579,820.97 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 970,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 40,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 222,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 133,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 180,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 230,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 84,800.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 624,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 257,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 795,000.00 4-01-2019
5
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------- 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 275,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,389,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 81,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 463,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3.00 320,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 670,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 913,002.78 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 28,000.00 10-01-2005 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.50 190,000.00 4-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 97,581.45 5-01-2011 20018001 ST.EDWARDS UNIVERSITY 3.63 136,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 80,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 6,000.00 2-01-2007 20018701 FINLANDIA UNIVERSITY 3.50 2,378,056.27 8-06-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 40,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 285,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 94,710.81 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 340,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 328,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 105,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 428,000.00 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.38 2,795,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 103,000.00 6-01-2021 20020001 UNIVERSITY OF ALABAMA 3.00 1,486,000.00 5-01-2021 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 270,000.00 10-01-2006 20021301 UNIVERSITY OF MONTEVALLO 3.00 207,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 88,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,010,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,350,000.00 4-01-2018 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,450,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.38 186,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3.00 250,000.00 4-01-2017 20022701 UNIVERSITY OF VERMONT 3.00 2,212,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 153,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 333,950.72 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 980,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 60,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 420,000.00 10-01-2017 TOTALS: 39,602,397.72 =============
6 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I DELINQUENCY REPORT (60+DAYS) FOR THE QUARTER ENDED ON MARCH 31, 2005
GMACCM NEXT LOAN PAYMENT NUMBER BORROWER NAME DUE P AND I DUE CURRENT UPB - --------------------------------------------------------------------------------------- 20010801 LONG ISLAND UNIVERSITY 6-01-2004 8,999.98 453,999.98 20008201 HAMPSHIRE COLLEGE 11-01-2004 17,765.00 51,000.00 ------------------------- TOTAL 26,764.98 504,999.98 =========================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I LIQUIDATION REPORT FOR THE QUARTER ENDED ON MARCH 31, 2005 NONE TO REPORT FOR THIS PERIOD GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I COLLECTION ACCOUNT ACTIVITY REPORT FOR THE QUARTER ENDED JUNE 30, 2005
APRIL MAY JUNE ------------ ------------ ------------ COLLECTIONS: Principal Payments 1,068,520.94 1,573,406.57 227,171.92 Interest Payments 281,477.05 158,371.84 63,189.39 -------------------------------------------- TOTAL PRINCIPAL AND INTEREST COLLECTIONS 1,349,997.99 1,731,778.41 290,361.31 -------------------------------------------- Payments and Reversals Posted to Suspense (1,689.14) - - -------------------------------------------- TOTAL COLLECTIONS 1,348,308.85 1,731,778.41 290,361.31 -------------------------------------------- Less: Servicing Fees (not withheld from remittances) (4,466.41) (2,863.94) (1,162.00) ============================================ NET COLLECTIONS 1,343,842.44 1,728,914.47 289,199.31 ============================================
GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I SERVICE FEES SCHEDULE FOR THE QUARTER ENDED JUNE 30, 2005
GMACCM PRINCIPAL SERVICE DATE DUE NUMBER BORROWER NAME PRINCIPAL DUE INTEREST DUE TOTAL DUE BALANCE FEES - ----------------------------------------------------------------------------------------------------------- APRIL 04-01-05 20000101 ALBION COLLEG - 14,250.00 14,250.00 950,000.00 261.25 04-01-05 20000601 ALMA COLLEGE 45,000.00 4,350.00 49,350.00 290,000.00 79.75 04-01-05 20001301 AUGSBERG COLL 70,000.00 15,300.00 85,300.00 1,020,000.00 280.50 04-01-05 20001401 AZUSA UNIVERS 40,000.00 9,045.00 49,045.00 603,000.00 165.83 04-01-05 20002101 BIRMINGHAM SO - 720.00 720.00 48,000.00 13.20 04-01-05 20002102 BIRMINGHAM SO - 3,540.00 3,540.00 236,000.00 64.90 04-01-05 20002201 BLACKS HILLS - 210.00 210.00 14,000.00 3.85 04-01-05 20002202 BLACKS HILLS - 510.00 510.00 34,000.00 9.35 04-01-05 20003001 CASE WESTERN 100,000.00 21,525.00 121,525.00 1,435,000.00 394.63 04-01-05 20004001 COLL.OF ST. T 30,000.00 6,675.00 36,675.00 445,000.00 122.38 04-01-05 20004401 R.I. JR. COLL 10,000.00 4,440.00 14,440.00 296,000.00 81.40 04-01-05 20005201 DANIEL WEBSTE 15,000.00 3,900.00 18,900.00 260,000.00 71.50 04-01-05 20005801 DRAKE UNIV. 40,000.00 10,950.00 50,950.00 730,000.00 200.75 04-01-05 20006401 KS.ST.TEACHER 40,000.00 3,150.00 43,150.00 210,000.00 57.75 04-01-05 20007201 FOOTHILL JUNI - 600.00 600.00 40,000.00 11.00 04-01-05 20007902 GRAMBLING - 2,625.00 2,625.00 175,000.00 48.13 04-01-05 20009302 JARVIS CHRIST 25,000.00 6,570.00 31,570.00 438,000.00 120.45 04-01-05 20009502 SACRED HEART 21,000.00 630.00 21,630.00 42,000.00 11.55 04-01-05 20010802 LONG ISLAND U - 1,931.25 1,931.25 103,000.00 28.33 04-01-05 20012101 MIDDLEBURY CO 40,000.00 14,550.00 54,550.00 970,000.00 266.75 04-01-05 20012601 MISSOURI WEST - 1,995.00 1,995.00 133,000.00 36.58 04-01-05 20012901 MONTEREY JR C - 3,450.00 3,450.00 230,000.00 63.25 04-01-05 20013501 NEW ENGLAND C - 4,676.25 4,676.25 257,999.99 70.95 04-01-05 20013502 NEW ENGLAND C 45,000.00 11,925.00 56,925.00 795,000.00 218.63 04-01-05 20016101 RIVERSIDE HOS 30,000.00 1,215.00 31,215.00 111,000.00 30.53 04-01-05 20016201 RIVIER COLLEG 40,000.00 8,391.88 48,391.88 463,000.00 127.33 04-01-05 20016701 SCRIPPS COLLE - 420.00 420.00 28,000.00 7.70 04-01-05 20017301 S.E. MISSOURI 190,000.00 3,325.00 193,325.00 190,000.00 52.25 04-01-05 20018001 ST.EDWARDS 13,000.00 2,465.00 15,465.00 136,000.00 37.40 04-01-05 20018302 ST. MICHAELS 25,000.00 1,200.00 26,200.00 80,000.00 22.00 04-07-05 20018701 SUOMI COLLEGE 6,908.32 7,167.20 14,075.52 2,378,056.27 108.99 04-01-05 20019101 TAYLOR UNIV. - 5,100.00 5,100.00 340,000.00 93.50 04-01-05 20019401 TEXAS COLLEGE 35,000.00 1,575.00 36,575.00 105,000.00 28.88 04-01-05 20021001 UNIV HAWAII - 4,050.00 4,050.00 270,000.00 74.25 04-01-05 20021701 UNIV. OF NOTR 80,000.00 20,250.00 100,250.00 1,350,000.00 371.25 04-01-05 20022601 UNIV.OF STEUB 20,000.00 3,138.75 23,138.75 186,000.00 51.15 04-01-05 20022602 UNIV.OF STEUB 16,000.00 3,750.00 19,750.00 250,000.00 68.75 04-01-05 20022701 UNIV OF VERMO 59,000.00 33,180.00 92,180.00 2,212,000.00 608.30 04-01-05 20023601 WSTRN WASH. S - 900.00 900.00 60,000.00 16.50 04-01-05 20023901 XAVIER UNIV. - 6,300.00 6,300.00 420,000.00 115.50 TOTALS: 1,035,908.32 249,945.33 1,285,853.65 18,334,056.26 4,496.94 =================================================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I PAID IN FULL LOAN SCHEDULE FOR THE QUARTER ENDED MARCH 31, 2005
LOAN PRINCIPAL NUMBER PAYOFF DATE TOTAL AMOUNT AMOUNT INTEREST AMOUNT OTHER FEES MATURITY DATE - ------------------------------------------------------------------------------------------------ 20017301 4-01-05 193,325.00 190,000.00 3,325.00 - 4-01-2005 20022401 5-05-25 1,471,750.00 1,450,000.00 21,750.00 - 7-01-2013 TOTALS 1,665,075.00 1,640,000.00 25,075.00 - ================================================================================================
* Please note that service fees have not yet been deducted. GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I SUMMARY OF PARTIAL PREPAYMENTS FOR THE QUARTER ENDED ON MARCH 31, 2005
TOTAL AMOUNT PRINCIPAL INTEREST LOAN NUMBER PAYOFF DATE PAID AMOUNT AMOUNT - --------------------------------------------------------------------- None to Report - ------------------------------------ TOTAL: - - - ====================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I TRIAL BALANCE FOR THE QUARTER ENDED ON JUNE 30, 2005
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 950,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 135,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 245,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 125,000.00 3-01-2010 20001201 ATLANTIC UNION COLLEGE 3.00 169,152.55 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 950,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 563,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 23,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 48,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 236,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 14,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 707,402.21 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 95,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,320,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 442,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,335,000.00 4-01-2016 20003901 COLLEGE OF CHARLESTON 3.00 715,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 415,000.00 4-01-2017 20004401 R.I. JR. COLLEGE 3.00 286,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 379,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 245,000.00 4-01-2019 20005801 DRAKE UNIVERSITY 3.00 690,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 170,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 89,091.53 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 90,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 8,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 40,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 175,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 500,000.00 11-01-2015 20009201 JACKSON STATE COLLEGE 3.00 100,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 413,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 21,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 520,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 123,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 423,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 103,000.00 10-01-2005 20012001 MICHIGAN STATE UNIVERSITY 3.00 564,992.44 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 930,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 40,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 222,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 133,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 180,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 230,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 82,200.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 624,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 257,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 750,000.00 4-01-2019
1
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------- 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 275,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,254,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 81,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 423,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3.00 320,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 670,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 891,418.08 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 28,000.00 10-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 90,727.26 5-01-2011 20018001 ST. EDWARDS UNIVERSITY 3.63 123,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 55,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 6,000.00 2-01-2007 20018701 FINLANDIA UNIVERSITY 3.50 2,357,037.56 8-06-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 40,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 285,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 90,365.61 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 340,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 328,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 70,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 428,000.00 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.38 2,795,000.00 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 3.00 270,000.00 10-01-2006 20021301 UNIVERSITY OF MONTEVALLO 3.00 199,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 88,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,010,000.00 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 2,153,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 153,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 299,016.11 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 980,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 60,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 420,000.00 10-01-2017 TOTALS: 36,733,298.29 =============
2
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - --------------------------------------------------------------------------------------------------
3 GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I DELINQUENCY REPORT (60+DAYS) FOR THE QUARTER ENDED ON JUNE 30, 2005
GMACCM NEXT LOAN PAYMENT NUMBER BORROWER NAME DUE P AND I DUE CURRENT UPB - --------------------------------------------------------------------------------------- 20008201 HAMPSHIRE COLLEGE 11-01-04 17,765.00 51,000.00 20016101 RIVERSIDE HOSPITAL 04-01-05 30,000.00 81,000.00 ------------------------- TOTAL 47,765.00 132,000.00 =========================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I LIQUIDATION REPORT FOR THE QUARTER ENDED ON MARCH 31, 2005 NONE TO REPORT FOR THIS PERIOD MAY 06, 2005 Grace Gorka Bank One 120 South LaSalle, 4th Floor Chicago, IL 60603 RE: COLLEGE AND UNIVERSITY LOAN TRUST ONE DUE PERIOD REPORT SECTION 1306: A. Loans delinquent more; than six months - SEE ATTACHED B. Loans delinquent less than six months - SEE ATTACHED C. Re-scheduled loans - NONE TO REPORT D. Pre-payments - SEE ATTACHED E. Known circumstances that will result in rescheduling of future payments of any loan - NONE We certify the above information to be true and correct to the best of our knowledge. /s/ Darri Cunningham Darri Cunningham Vice President Cc: Diana Kenneally State Street Bank & Trust Co. Corporate Trust Dept. 2 Avenue de Lafayette, 6th Floor Boston, MA 02111 GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I PAID IN FULL LOAN SCHEDULE FOR 6 MONTHS ENDING MAY 1, 2005
LOAN PAYOFF TOTAL PRINCIPAL INTEREST NUMBER DATE AMOUNT PAID AMOUNT AMOUNT OTHER FEES MATURITY DATE - -------------------------------------------------------------------------------------- 20020803 1-03-05 114,695.00 113,000.00 1,695.00 0.00 1-01-2005 20017301 4-01-05 193,325.00 190,000.00 3,325.00 0.00 4-01-2005 ------------------------------------------------ TOTALS: 308,020.00 303,000.00 5,020.00 - ======================================================================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I PREPAYMENTS FOR 6 MONTHS ENDING MAY 1, 2005
LOAN PAYOFF TOTAL AMOUNT PRINCIPAL INTEREST NUMBER DATE PAID AMOUNT AMOUNT OTHER FEES MATURITY DATE - ---------------------------------------------------------------------------------------- 20005401 12-10-04 269,000.00 269,000.00 - 04-01-2016 20008401 3-31-05 310,000.00 310,000.00 - 1,400.00 11-01-2013 ------------------------------------------------- TOTALS 579,000.00 579,000.00 - 1,400.00 ========================================================================================
GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I DELINQUENCY REPORT (6+ MONTHS) AS OF MAY 1, 2005
GMACCM NEXT LOAN PAYMENT NUMBER BORROWER NAME DUE P AND I DUE CURRENT UPB - ------------------------------------------------------------------------- 20010801 LONG ISLAND U 6-01-2004 8,999.98 453,999.98 20008201 HAMPSHIRE COL 11-01-2004 18,275.00 51,000.00 TOTAL 27,274.98 504,999.98 ===========================
GMAC COMMERCIAL MORTGAGE COLLEGE & TRUST FACILITY LOAN TRUST I DELINQUENCY REPORT (LESS THAN 6 MONTHS) AS OF MAY 1, 2005
GMACCM NEXT LOAN PAYMENT NUMBER BORROWER NAME DUE P AND I DUE CURRENT UPB - ------------------------------------------------------------------------- 20016101 RIVERSIDE HOS 4-01-2005 30,000.00 81,000.00 20000401 ALFRED UNIVER 5-01-2005 2,025.00 135,000.00 20001201 ATLANTIC UNIO 5-01-2005 5,990.44 172,554.67 20001901 THE BENEDICT 5-01-2005 345.00 23,000.00 20002701 CALIFORNIA ST 5-01-2005 19,800.00 1,320,000.00 20004501 CONCORDIA TEA 5-01-2005 36,150.00 409,999.99 20006502 FAIRLEIGH DIC 5-01-2005 3,614.82 91,336.31 20008301 HARCUM JR COL 5-01-2005 7,500.00 500,000.00 20013301 MORRIS COLLEGE 5-01-2005 9,360.00 624,000.00 20016401 CALIFORNIA ST 5-01-2005 4,800.00 320,000.00 20016501 CALIFORNIA ST 5-01-2005 10,050.00 670,000.00 20018801 SUSQUEHANNA U 5-01-2005 600.00 40,000.00 20018802 SUSQUEHANNA U 5-01-2005 5,165.63 285,000.00 20019201 TEMPLE UNIV 5-01-2005 5,535.00 328,000.00 20020001 UNIV OF ALAB 5-01-2005 92,290.00 1,486,000.00 20021301 UNIV OF MONTE 5-01-2005 11,105.00 207,000.00 20023501 WSTERN MARYLAND 5-01-2005 14,700.00 980,000.00 TOTALS: 259,030.89 7,672,890.97 ==========================
GMAC COMMERCIAL MORTGAGE COLLEGE AND UNIVERSITY LOAN TRUST I TRIAL BALANCE AS OF MAY 1, 2005
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 950,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 135,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 245,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 125,000.00 3-01-2010 20001201 ATLANTIC UNION COLLEGE 3.00 172,554.67 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 950,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 563,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 23,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 48,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 236,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 14,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 722,688.80 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 95,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,320,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 442,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,335,000.00 4-01-2016 20003901 COLLEGE OF CHARLESTON 3.00 715,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 415,000.00 4-01-2017 20004401 R.I. JR. COLLEGE 3.00 286,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 409,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 245,000.00 4-01-2019 20005801 DRAKE UNIVERSITY 3.00 690,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 170,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 91,336.31 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 90,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 8,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 40,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 175,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 500,000.00 11-01-2015 20009201 JACKSON STATE COLLEGE 3.00 100,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 413,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 21,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 520,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 123,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 453,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 103,000.00 10-01-2005 20012001 MICHIGAN STATE UNIVERSITY 3.00 564,992.44 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 930,000.00 4-01-2018
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------- 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 40,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 222,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 133,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 180,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 230,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 84,800.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 624,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 257,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 750,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 275,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,389,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 81,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 423,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3.00 320,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 670,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 891,418.08 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 28,000.00 10-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 90,727.26 5-01-2011 20018001 ST. EDWARDS UNIVERSITY 3.63 123,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 55,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 6,000.00 2-01-2007 20018701 FINLANDIA UNIVERSITY 3.50 2,371,147.95 8-06-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 40,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 285,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 90,365.61 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 340,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 328,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 70,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 428,000.00 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.38 2,795,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 103,000.00 6-01-2021 20020001 UNIVERSITY OF ALABAMA 3.00 1,486,000.00 5-01-2021 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 270,000.00 10-01-2006 20021301 UNIVERSITY OF MONTEVALLO 3.00 207,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 88,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,010,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,270,000.00 4-01-2018 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,450,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.38 166,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3.00 234,000.00 4-01-2017
GMACCM INTEREST NUMBER BORROWER NAME RATE CURRENT UPB MATURITY DATE - -------------------------------------------------------------------------------------------------- 20022701 UNIVERSITY OF VERMONT 3.00 2,153,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 153,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 333,950.72 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 980,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 60,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 420,000.00 10-01-2017 ------------- TOTALS: 38,533,876.78 =============
MAY 18, 2005 Gregory A. Kwasny JP Morgan 227 West Monroe, 26th Floor Chicago, IL 60606 RE: COLLEGE AND UNIVERSITY LOAN TRUST ONE PAYMENT DATE REPORT - - Due period amounts billed through May 1, 2005 $ 2,7784,910.00 - - Due period amounts billed and not received through May 1, 2005 $ 259,541.00 - - Due period amounts billed and received May 2, 2004 through May 17, 2005 $ 229,031.00 We certify the above information to be true and correct to the best of our knowledge. /s/ Darri Cunningham Darri Cunningham VP, Investor Operations Cc: Diana Kenneally US Bank One Federal Street 3rd Floor Boston, MA 02111 EX-99.906CERT 6 a2161439zex-99_906cert.txt EXHIBIT 99.906CERT Exhibit 99.906CERT CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 I, Bryan Calder, Executive Vice President of US Bank, 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 May 31, 2005 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: August 8, 2005 -------------- 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. -----END PRIVACY-ENHANCED MESSAGE-----