N-CSR

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number			811-05291
College and University Facility Loan Trust One
(Exact name of registrant as specified in charter)
c/o U.S. Bank  One Federal Street  Boston,					MA  02110
(Address of principal executive offices)					(Zip code)
James Byrnes 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) 603-6442
Date of fiscal year end:	November 30
Date of reporting period:		December 1, 2005 – November 30, 2006

ITEM 1. REPORT TO STOCKHOLDERS.

College and University

Facility Loan Trust One

Financial Statements

November 30, 2006

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To US Bank, Owner Trustee, JP Morgan, Bond Trustee, and
the Certificateholders of College and University Facility Loan Trust One:

We have audited the accompanying statement of assets and liabilities of College and University Facility Loan Trust One (the “Trust”), including the schedule of investments, as of November 30, 2006, and the related statements of operations and cash flows for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended.  These financial statements and financial highlights are the responsibility of the Trust’s management.  Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement.  The Trust is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.  Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting.  Accordingly, we express no such opinion.  An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  Our procedures included confirmation of securities owned as of November 30, 2006, by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion.

As described in Note 2 to the financial statements, the Trust is accounting for its investments under the amortized cost method of accounting, with its loan investments adjusted by an allowance for loan loss. In our opinion, accounting principles generally accepted in the United States of America require that the investments be accounted for under the fair value method of accounting. Accounting for the investments under the fair value method of accounting, based on management’s estimate of fair value as described in Note 8, would result in an increase of approximately $8,068,000 and $9,277,000 in the recorded value of the investments and an increase in unrealized appreciation of investments of approximately $8,068,000 and $9,277,000 as of November 30, 2006 and November 30, 2005, respectively.

In our opinion, except for the effect on the 2006 and 2005 financial statements of accounting for investments under the amortized cost method of accounting as discussed in the preceding paragraph, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of College and University Facility Loan Trust One as of November 30, 2006, the results of its operations and its cash flows for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

/s/ DELOITTE & TOUCHE LLP

February 9, 2007

College and University

Facility Loan Trust One

Statement of Assets and Liabilities

November 30,	2006
Assets:
Investments, at amortized cost, net of allowance for loan losses of $560,000 (Notes 1, 2, 6, 7 and 8, and Schedule of Investments)	$	32,698,731
Cash	50,000
Interest receivable	514,163
Deferred bond issuance costs (Note 2)	185,632
Total assets	33,448,526
Liabilities:
Bonds payable (Notes 3 and 8)	21,184,121
Bond interest payable (Note 3)	1,117,462
Accrued expenses and other liabilities	194,771
Distributions payable to Class B certificateholders (Note 5)	411,452
Total liabilities	22,907,806
Net Assets:
Class B certificates, par value $1 - authorized, issued and outstanding - 1,001,643 certificates (Note 5)	1,001,643
Distributions in excess of tax earnings (Notes 2 and 5)	(560,000		)
Additional paid-in capital (Note 2)	10,099,077
Total net assets	$	10,540,720
Net asset value per Class B certificate (based on 1,001,643 certificates outstanding)	$	10.52

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

3

College and University

Facility Loan Trust One

Statement of Operations

Year ended November 30,	2006
Investment income:
Interest income (Note 2)	$	3,475,230
Expenses:
Interest expense (Notes 2 and 3)	2,356,157
Servicer fees (Note 4)	17,696
Trustee fees (Note 4)	43,497
Other trust and bond administration expenses	393,253
Total expenses	2,810,603
Net investment income	664,627
Reduction in reserve for loan losses (Note 6)	100,000
Net increase in net assets resulting from operations	$	764,627

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

4

College and University

Facility Loan Trust One

Statement of Cash Flows

Year ended November 30,	2006
Cash flows from operating activities:
Interest received	$	1,743,595
Interest paid	(2,491,006		)
Operating expenses paid	(448,299		)
Net decrease in funds held under investment agreements	1,355,868
Principal payments on Loans	4,672,649
Net cash provided by operating activities	4,832,807
Cash flows from financing activities:
Principal repayments on Bonds	(3,457,063		)
Distributions to Class B certificateholders	(1,391,697		)
Net cash used in financing activities	(4,848,760		)
Net decrease in cash	(15,953		)
Cash, beginning of year	65,953
Cash, end of year	$	50,000
Reconciliation of net increase in net assets resulting from operations to net cash used in operating activities:
Net increase in net assets resulting from operations	$	764,627
Provision for loan losses	(100,000		)
Decrease in interest receivable	54,306
Increase in accrued expenses and other liabilities	6,147
Decrease in Bond interest payable	(182,360		)
Decrease in investment contracts	1,355,868
Decrease in loan principal balance	4,672,649
Amortization of deferred Bond issuance costs	47,511
Amortization of purchase discount on Loans	(1,785,941		)
Net cash provided by operating activities	$	4,832,807

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

5

College and University

Facility Loan Trust One

Statement of Changes in Net Assets

Years ended November 30,	2006			2005
From operations:
Net investment income	$	664,627		$	2,141,055
Reduction in reserve for loan losses	100,000			200,000
Net increase in net assets applicable to Class B certificateholders resulting from operations	764,627			2,341,055
Capital certificate transactions:
Distributions to Class B certificateholders (Note 5)	(1,106,106		)	(2,361,227		)
Net decrease in net assets	(341,479		)	(20,172		)
Net assets:
Beginning of year	10,882,199			10,902,371
End of year	$	10,540,720		$	10,882,199

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

6

College and University

Facility Loan Trust One

Financial Highlights

Years ended November 30,	2006			2005			2004			2003			2002
Net asset value, beginning of year	$	10.86		$	10.88		$	10.88		$	10.86		$	11.11
Net investment income	.66			2.14			2.08			1.29			.78
Provision for loan losses	.10			.20			.10			—			—
Distributions to Class B certificateholders	(1.10		)	(2.36		)	(2.18		)	(1.27		)	(1.03		)
Net asset value, end of year	$	10.52		$	10.86		$	10.88		$	10.88		$	10.86
Total investment return (a)	N/A			N/A			N/A			N/A			N/A
Net assets applicable to Class B certificates, end of year	$	10,540,720		$	10,882,199		$	10,902,371		$	10,902,395		$	10,878,852
Ratios and Supplemental Data:
Ratio of operating expenses to average net assets applicable to Class B certificates	26.24		%(b)	30.05		%(b)	33.79		%(b)	37.84		%(b)	41.40		%(b)
Ratio of net investment income to average net assets applicable to Class B certificates	6.20		%	19.66		%	19.12		%	11.93		%	7.11		%
Number of Class B certificates outstanding, end of year	1,001,643			1,001,643			1,001,643			1,001,643			1,001,643

(a)The Trust’s investments are recorded at amortized cost as discussed in Note 2. Accordingly, the financial statements do not reflect the market value of such investments. For this reason, management believes that no meaningful information can be provided regarding “Total Investment Return” and has not included information under that heading. In addition, as the Trust’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 4.24%, 4.83%. 4.51%, 4.22% and 3.64% in 2006, 2005, 2004, 2003 and 2002, respectively.

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

7

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

College and University

Facility Loan Trust One

Notes to Financial Statements

1.	Organization and Business (Continued)	All payments on the Loans and earnings under the investment agreements and any required transfers from the Expense, Reserve and Liquidity Funds are deposited to the credit of the Revenue Fund held by the Bond Trustee, as defined within, and in accordance with the Indenture. On each bond payment date, amounts on deposit in the Revenue Fund are applied in the following order of priority:  to pay amounts due on the Bonds, to pay administrative expenses not previously paid from the Expense Fund, to fund the Expense Fund to the Expense Fund Requirement, to fund the Reserve Fund to the Maximum Reserve Requirement and to fund the Liquidity Fund to the Liquidity Fund Requirement. Any funds remaining in the Revenue Fund on such payment date are paid to the Class B certificateholders, as discussed in Note 5.
		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	(a)College and University Facility Loans
	Significant
	Accounting Policies	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, net of any allowance for loan loss. 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 November 30, 2006 was approximately $9,790,000. As a result of prepayments of Loans in the year ended November 30, 2006, additional interest income of approximately $218,000 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 November 30, 2006, no loans have been placed on non-accrual status.

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.

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.

10

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.

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 net of any allowance for loan loss 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.

11

(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)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.

In accordance with SOP 93-2, the Trust reclassifies certain amounts from distributions in excess of tax earnings to paid-in-capital. The total reclassification was $441,479 as of November 30, 2006. This reclassification has no impact on the net investment income or net assets of the Trust.

12

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

On December 1, 2005 and June 1, 2006, distributions of $0.70 and $0.69 per certificate were declared and paid to certificateholders of record on November 20, 2005 and May 20, 2006, respectively.

The tax character of distributions paid during the year ended November 30, 2006 were as follows:

Distributions paid from:
Ordinary income	$	—
Long-term capital gain	—
Return of capital	1,391,697
Total distributions	$	1,391,697
As of November 30, 2006, the components of distributable earnings on a tax basis were as follows:
Undistributed ordinary loss	$	(560,000	)
Undistributed long-term gain	—
Unrealized appreciation	—
	$	(560,000	)

The undistributed ordinary loss consists of allowance for loan losses of $560,000 which will reverse in future years causing a reduction in taxable ordinary income.

13

		(f)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.
3.	Bonds	The Bonds outstanding at November 30, 2006 consist of the following:

				Principal
	Interest		Stated	Amount
Type	Rate		Maturity	(000’s)
Term	10.55	%	December 1, 2014	$	21,184

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

On December 1, 2006, the Trust made the mandatory redemption of $1,716,473 on the Bonds.

14

The aggregate scheduled maturities of the Bonds, including the scheduled mandatory redemptions at November 30, 2006, are as follows:

	Amount
Fiscal Year	(000’s)
2007	$	3,217
2008	2,785
2009	2,794
2010	2,699
2011	2,662
Thereafter	7,027
Total	$	21,184

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 December 1, 2006 Bond Payment Date were sufficient to satisfy the maximum reserve fund requirement of $7,535,822, as required by the Indenture.

15

4.	Administrative	(a)Servicer
	Agreements
		As compensation for the services provided under the servicing agreement, Capmark Financial, Inc., formerly 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 year ended November 30, 2006, this fee totaled $17,696. Capmark Financial, Inc. 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.
		(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 $17,227 and $15,504, respectively, for the year ended November 30, 2006. In addition, the Owner Trustee incurred $1,758 of out-of-pocket expenses.
		•The Bond Trustee is entitled to an annual fee equal to 0.025 of 1% of the aggregate outstanding principal of the Bonds on the bond payment date immediately preceding the date of payment of such fee. The Bond Trustee is also reimbursed for out-of-pocket expenses in 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 year ended November 30, 2006, total Bond Trustee fees and out-of-pocket expenses amounted to $9,008.

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 December 1, 2006, a distribution of $411,452 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 year ended November 30, 2006 is summarized as follows:

Balance, beginning of year	$	660,000
Reduction in reserve for loan losses	100,000
Charge-offs	—
Balance, end of year	$	560,000

At November 30, 2006, there were no recorded investments in loans that are considered to be impaired. See Note 2(a) for a discussion of the Trust’s impaired loan accounting policy.

17

7. Loans Scheduled principal and interest payments on the Loans as of November 30, 2006, 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)
2007	$	3,111	$	880	$	3,991
2008	3,003		787		3,790
2009	3,027		693		3,720
2010	2,882		599		3,481
2011	2,722		510		3,232
Thereafter	14,527		1,577		16,104
Total	$	29,272	$	5,046	$	34,318

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

The following analysis summarizes the stratification of the Loan portfolio by type of collateral and institution as of November 30, 2006.

		Amortized
	Number	Cost
Type of Collateral	of Loans	(000’s)		%
Loans secured by a first mortgage	43	$	11,828	60.7	%
Loans not secured by a first mortgage	22	7,654		39.3	%
Total Loans	65	$	19,482	100.0	%

18

		Amortized
	Number	Cost
Type of Institution	of Loans	(000’s)		%
Private	44	$	11,072	56.8	%
Public	21	8,410		43.2	%
Total Loans	65	$	19,482	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 both Loans and Bonds, using a discounted cash flow methodology. This methodology is similar to the approach used at the formation of the Trust to determine the carrying amounts of these instruments for financial reporting purposes. In applying the methodology, the calculations have been adjusted for the change in the relevant market rates of interest, the estimated duration of the instruments and an internally developed credit risk rating of the instruments. All calculations are based on the scheduled principal and interest payments on the Loans because the prepayment rate on these Loans is not subject to estimate and schedule payments on the Bonds.
		Similarly, the fair values of the Trust’s investment agreements also exceed the carrying values of these investments. The fair values of these long-term fix-maturity investments are determined by adding a market rate adjustment to the carrying value of the investment. This market rate adjustment is calculated using the net present value of the difference between future interest income to the trust at the issue rate and the future interest income at the current market rate through the maturity of the investment. The current market rate is based upon the 20 year Treasury bill rate at November 30, 2006. As the current market interest rate approaches the original interest rate of the investment, the fair value of the investment approaches the carrying value.

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 November 30, 2006 are as follows:

	Amortized
	Cost			Fair Value
	(000’s)			(000’s)
Loans	$	18,922	*	$	25,493
Investment Agreements:
Revenue Fund	11,177			11,822
Liquidity Fund	2,600			3,452
	$	32,699		$	40,767
Bonds	$	21,184		$	25,920

*Net of allowance for loan losses of $560,000.

9. New Accounting Standards In September 2006, the Financial Accounting Standards Board (FASB) issued Statement on Financial Accounting Standards (SFAS) No. 157, “Fair Value Measurements.” This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value, and requires additional disclosures about fair value measurements. SFAS No. 157 applies to fair value measurements already required or permitted by existing standards. SFAS No. 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007. The Trust is currently evaluating the impact the adoption of FAS 157 will have on its financial statement disclosures.

21

In July 2006, the FASB released Interpretation No. 48 (FIN 48)”Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No. 109”. FIN 48 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FIN 48 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Trust’s tax return to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Adoption of FIN 48 is required for fiscal years beginning after December 15, 2006 and is to be applied to all open tax years as of the effective date. The Trust is currently evaluating the impact of applying the various provisions of FIN 48.

22

COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE

SCHEDULE OF INVESTMENTS

November 30, 2006

(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 (57.9%)
		ALABAMA
$	160	Birmingham-Southern College	3.00	10/01/2010	12.47	$	129
2		Stillman College	3.00	02/01/2007	13.24	2
1,346		University of Alabama	3.00	05/01/2021	12.27	779
191		University of Montevallo	3.00	05/01/2023	12.30	103
		CALIFORNIA
523		Azusa Pacific University	3.00	04/01/2017	12.96	329
1,020		California State University	3.00	11/01/2012	10.57	801
200		Monterey Peninsula College	3.00	10/01/2018	11.95	123
290		San Diego State University	3.00	11/01/2021	11.93	163
610		San Francisco State University	3.00	11/01/2021	11.93	346
		ILLINOIS
290		Concordia College	3.00	05/01/2011	12.64	232
		INDIANA
100		Anderson College	3.00	03/01/2010	13.02	83
230		Taylor University	3.00	10/01/2010	12.45	184
1,190		University of Notre Dame	3.00	04/01/2018	12.95	724
		KANSAS
125		Emporia State University	3.00	04/01/2009	12.33	110
		LOUISIANA
370		Xavier University	3.00	10/01/2017	12.54	226
		MARYLAND
840		Western Maryland College	3.00	11/01/2016	12.44	540
		MASSACHUSETTS
159		Atlantic Union College	3.00	05/01/2023	12.68	83
676		Boston University	3.00	12/31/2022	11.87	371
70		Springfield College	3.00	05/01/2011	12.59	56
		MICHIGAN
800		Albion College	3.00	10/01/2015	12.51	529
200		Alma College	3.00	04/01/2010	11.87	169
2,227		Finlandia University	3.00	08/01/2014	12.70	1,222
		MINNESOTA
880		Augsburg College	3.00	04/01/2016	12.95	576
385		College of St. Thomas	3.00	04/01/2017	12.95	242
		MISSISSIPPI
50		Jackson State University	3.00	01/01/2007	12.50	47
20		Mississippi Valley State	3.00	07/01/2008	11.89	17
93		Tougaloo College	3.00	06/01/2021	12.44	50
		MISSOURI
168		Missouri Southern State College	3.00	12/01/2008	10.56	149
67		Missouri Western State College	3.00	10/01/2008	11.77	59

The accompanying notes are an integral part of this schedule.

23

					Internal
Outstanding			Stated		Rate of	Amortized
Principal			Interest	Maturity	Return % (A)	Cost (Notes
Balance		Description	Rate %	Date	(Unaudited)	1 and 2)
		NEBRASKA
$	74	University of Nebraska	3.00	07/01/2013	10.59	$	57
		NEW HAMPSHIRE
230		Daniel Webster College	3.00	04/01/2019	12.99	135
205		New England College	3.625	10/01/2013	12.37	152
705		New England College	3.00	04/01/2019	12.96	415
383		Rivier College	3.625	04/01/2014	12.78	280
		NEW JERSEY
82		Fairleigh Dickinson University	3.00	11/01/2020	12.09	48
		NEW YORK
47		Alfred University	3.00	11/01/2007	12.41	43
394		Long Island University	3.00	06/01/2016	12.34	255
825		Sarah Lawrence College	3.00	11/01/2021	12.64	463
		NORTH CAROLINA
74		Montreat-Anderson College	3.00	12/01/2019	12.19	43
945		University of North Carolina	3.00	01/01/2018	11.49	614
		OHIO
1,235		Case Western Reserve University	3.00	04/01/2016	10.54	886
19		Riverside Hospital	3.00	04/01/2007	13.09	18
145		University of Steubenville	3.375	04/01/2012	12.88	112
218		University of Steubenville	3.00	04/01/2017	12.96	137
		PENNSYLVANIA
397		Carnegie - Mellon University	3.00	11/01/2017	10.45	275
420		Harcum Junior College	3.00	11/01/2015	12.44	280
235		Susquehanna University	3.625	11/01/2014	12.32	167
77		Swarthmore College	3.00	11/01/2013	12.30	55
268		Temple University	3.375	11/01/2014	11.99	196
		RHODE ISLAND
256		Community College of Rhode Island	3.00	04/01/2018	12.10	162
		SOUTH CAROLINA
605		College of Charleston	3.00	07/01/2016	12.02	396
500		Morris College	3.00	11/01/2013	12.42	357
		TENNESSEE
68		Bryan College	3.00	02/01/2010	12.68	56
227		Vanderbilt University	3.00	06/30/2009	10.39	199
		TEXAS
388		Jarvis Christian College	3.00	04/01/2019	12.96	229
76		Laredo Junior College	3.00	08/01/2009	11.82	64
109		St. Edward’s University	3.625	04/01/2013	12.80	82
35		Texas College	3.00	04/01/2007	13.09	33
383		Texas Tech University	3.625	03/01/2013	10.80	303
2,420		Texas Tech University	3.375-3.50	03/01/2012	10.83	1,970

The accompanying notes are an integral part of this schedule.

24

						Internal
Outstanding				Stated		Rate of	Amortized
Principal				Interest	Maturity	Return % (A)	Cost (Notes
Balance			Description	Rate %	Date	(Unaudited)	1 and 2)
			VERMONT
$	810		Middlebury College	3.00	04/01/2018	12.87	$	520
30			St. Michael’s College	3.00	04/01/2008	13.06	28
1,970			University of Vermont	3.00	10/01/2019	12.19	1,182
			VIRGINIA
1,115			Old Dominion University	3.00	06/01/2013	11.70	808
			WASHINGTON
20			Western Washington University	3.00	10/01/2007	11.16	18
29,272		(B)	Total College and University Loans				19,482
			Allowance for Loan Losses				560
			Net Loans of the Trust				18,922
			INVESTMENT AGREEMENTS (42.1%)
2,600			FNMA #787 Liquidity Fund	8.00	12/01/2014	8.00	2,600
11,177			FNMA #786 Revenue Fund	5.00	12/01/2014	5.00	11,177
13,777			Total Investment Agreements				13,777
43,049			Total Investments (100.0)%				32,699

(A) Represents the rate of return based on the contributed cost and the amortization to maturity.

(B) The tax basis in the Loans is approximately $29,272,000.

The accompanying notes are an integral part of this schedule.

25

ITEM 2. CODE OF ETHICS

Not applicable to the registrant.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT

Not applicable to the registrant.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES

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

Fiscal year ended 2006 - $189,000

Fiscal year ended 2005 - $179,000

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

Fiscal year ended 2006 - $0

Fiscal year ended 2005 - $0

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

Fiscal year ended 2006 - $0

Fiscal year ended 2005 - $0

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

Fiscal year ended 2006 - $94,000

•$74,000 in connection with Accountants’ Reports on Applying Agreed-Upon Procedures to comply with the requirements of section 4.8 of the Trust’s Indenture.

•$15,000 in connection with Accountants’ Report on Applying Agreed-Upon Procedures relating to the Trust’s Servicing Agreement.

•$5,000 out-of-pocket expenses

Fiscal year ended 2005 - $90,000

•$70,000 in connection with Accountants’ Reports on Applying Agreed-Upon Procedures to comply with the requirements of section 4.8 of the Trust’s Indenture.

•$15,000 in connection with Accountants’ Report on Applying Agreed-Upon Procedures relating to the Trust’s Servicing Agreement.

•$5,000 out-of-pocket expenses

(e)

(1) Audit Committee Policies regarding Pre-approval of Services.

Not applicable to the registrant.

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

Not applicable to the registrant.

(f) Not applicable to the registrant.

(g) Not applicable to the registrant.

(h) Not applicable to the registrant.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS

Not applicable to the registrant.

ITEM 6. SCHEDULE OF INVESTMENTS

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

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

Not applicable to the registrant.

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

Not applicable to the registrant.

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

Not applicable to the registrant.

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

Not applicable to the registrant.

ITEM 11. CONTROLS AND PROCEDURES

(a) Not applicable to the registrant.

(b) Not applicable to the registrant.

ITEM 12. EXHIBITS

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

 (a)

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

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

(3)Annual Compliance Statement of the Servicer, 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.

SIGNATURES

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

(Registrant)		College and University Facility Loan Trust One
By (Signature and Title)			/s/ James Byrnes Vice President
Date	March 5, 2007

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/ James Byrnes Vice President
Date	March 5, 2007

EX-99.CERT

Exhibit 99.CERT

Certification

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

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

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

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

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

5. Based on my knowledge and upon the annual compliance statement 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:	March 5, 2007
		/s/ Bryan Calder
		Bryan Calder
		Executive Vice President

EX-99.906CERT

Exhibit-99.906

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 November 30, 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:			March 5, 2007
By:		/s/ Bryan Calder
	Executive Vice President

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

EX-99.3

Exhibit 99.3

Annual Certification by Officer
For the Year Ended December 31, 2005

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

By:	Mark E. McCool
Title:	Senior Vice President
Date:	February 20, 2006

EX-99.4

Exhibit 99.4

GMAC Commercial

Mortgage Corporation

Report on Compliance with Minimum

Master Servicing Standards

December 31, 2005

	PricewaterhouseCoopers LLP PricewaterhouseCoopers Center 300 Madison Avenue New York NY 10017 Telephone (646) 471 3000 www.pwc.com

Report of Independent Accountants

To the Board of Directors and Shareholder of
GMAC Commercial Mortgage Corporation:

We have examined management’s assertion, dated February 27, 2006, 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 3 l, 2005 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, 2005 is fairly stated, in all material respects.

February 27, 2006

Exhibit 1

Management’s Assertion Concerning Compliance
With Minimum Master Servicing Standards

February 27, 2006

As of and for the year ended December 31, 2005, 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 that reconciling items shall be resolved within ninety (90) calendar days of identification, for which the company was not in compliance.

As of December 31, 2005, the company was covered by various General Motors Corporation insurance policies providing $350 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

ACMF I SERIES 1997-C1

AETNA SERIES 1995-C5

AMERICAN SOUTHWEST SERIES 1993-2

ASC SERIES 1996-D3

ASC SERIES 1997-D4

ATHERTON 1997-1

ATHERTON1998-A

ATHERTON 1999-A

ATHERTON WAREHOUSE -AW9601

ATHERTON-PW WAREHOUSE

BACM 2001-C1

BANK OF AMERICA 2002-X1

BKB SERIES 1997-C1 (LB)

CALSTERS 2002 C6

CALWEST 2003-CALW

CAPCO SERIES 1998-D7

CCMSC 2001-245 PRK AVE

CDC 2002-FX1

CDO SERIES 2004-1

CG SERIES 2005-EMG

CGMT 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-FIRST UNION 1999-1

CITICORP LEASE TRUST 1999-1

COLUMN SERIES 2002 CCL1

COMM 2001-J2

COMM 2003-LNB1

COMM 2005-FL11

COMM SERIES 2001-FL5

COMM SERIES 2004-LNB2

COMM SERIES 2004-LNB4

COMM SERIES 2005-C6

CREST GSTAR 2001-1

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-SPGl

CSFB SERIES 2005-C1

CSFB SERIES 2005-C5

DAIWA 1993-1

DLJ SERIES 1996-CF1

DLJ SERIES 1997-CF1

EDI

EDII

EMAC 1998

EMAC 1999

EMAC 2000

FMAC 1991-A

FMAC 1993-B

FMAC 1994-A

FMAC 1995-B

FMAC 1996-B

FMAC 1997-A

FMAC I997-B

FMAC 1997-C

FMAC I998-A

FMAC 1998-B

FMAC 1998-C

FMAC 1998-D

FMAC 2000-A

FMHA

FNMA SERIES 1998-M1

FOREST CITY 1994-1

FREEHOLD RACEWAY

G3 STRATEGIC INV 2002-WL1

GCCF SERIES 2005-GG3

GFCM 2003-1

GGP MALL PROP TR-SERIES 2001-GGP1

GMACCM SERIES 1996-C1

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-FL-F

GMACCM SERIES 2001-A

GMACCM SERIES 2001-C1

GMACCM SERIES 2001-C2

GMACCM SERIES 2001-FL1

GMACCM SERIES 2002-C1

GMACCM SERIES 2002-C2

GMACCM SERIES 2002-C3

GMACCM SERIES 2002-FLl

GMACCM SERIES 2003 SENIORS

GMACCM SERIES 2003-C1

GMACCM SERIES 2003-C2

GMACCM SERIES 2003-C3

GMACCM SERIES 2003-FL1

GMACCM SERIES 2003-FLA

GMACCM SERIES 2003-FL-SNF

GMACCM SERIES 2004-C1

GMACCM SERIES 2004-C2

GMACCM SERIES 2004-C3

GMACCM SERIES 2005-Cl

G-MAX 2002-FLA

GMAX 2002-FX-l

GOLDMAN SACHS SERIES 1997-GLI

GOLDMAN SACHS SERIES 1998-Cl

GOLDMAN SACHS SERIES 1998-GLII

GOLDMAN SACHS SERIES 1999-C1

GOLDMAN SACHS SERIES 2001-1285

GOLDMAN SACHS SERIES 2001-GL3

GOLDMAN SACHS SERIES 2001-ROCK

GOLDMAN SACHS SERIES 2002-GSFL V

GOLDMAN SACHS SERIES 2003-C1

GOLDMAN SACHS SERIES 2005-GG4

GOLDMAN SACHS SERIES 2005-GSFL VII

HEALTHFUND 1999-1

HUD

IPS 2005-1

JP MORGAN CHASE SERIES 2001-A

JP MORGAN CHASE SERIES 2001-CIBC1

JP MORGAN CHASE SERIES 2002-C3

JP MORGAN CHASE SERIES 2004-C1

JP MORGAN CHASE SERIES 2004-C2

JP MORGAN CHASE SERIES 2004-CIBC10

JP MORGAN CHASE SERIES 2004-CIBC8

JP MORGAN CHASE SERIES 2004-CIBC9

JP MORGAN CHASE SERIES 2004-LN2

JP MORGAN CHASE SERIES 2005-CIBCl1

JP MORGAN CHASE SERIES 2005-CIBC12

JP MORGAN CHASE SERIES 2005-LDP3

JP MORGAN CHASE SERIES 2005-LDP4

JP MORGAN CHASE SERIES 2005-LDP5

LEHMAN BROTHERS SERIES 1992-2

LEHMAN BROTHERS SERIES 1992-1

LEHMAN BROTHERS SERIES 1995-C2

LEHMAN BROTHERS SERIES 1996-C2

LEHMAN BROTHERS SERIES 1998-Cl

LIBRARY TOWER 1998-1

LK94C2

LONG LANE MASTER TRUST IV

LTC SERIES 1998-1

MCF 1996-MC2 (NATIONS)

MCF SERIES 1996-MC1

MCF SERIES 1998-MC1

MCF SERIES 1998-MC3

MERRILL LYNCH SERIES 1995-C3

MERRILL LYNCH SERIES 1996-C1

MERRILL LYNCH SERIES 1997-Cl

MERRILL LYNCH SERIES 1998-C1-CTL

MERRILL LYNCH SERIES 1999 C2

MERRILL LYNCH SERIES 2000 CANADA 3

MERRILL LYNCH SERIES 2000-C4

MERRILL LYNCH SERIES 2001-C5

MERRILL LYNCH SERIES 2002-BC2P

MERRILL LYNCH SERIES 2002-C7

MERRILL LYNCH SERIES 2002-C8

MERRILL LYNCH SERIES 2003 C-l1

MERRILL LYNCH SERIES 2003-C10

MERRILL LYNCH SERIES 2003-C9

MERRILL LYNCH SERIES SERIES 2000-BELL MOBILITY

MERRILL LYNCH SERIES 2005-LC1

MORGAN STANLEY SERIES 1996-C1

MORGAN STANLEY SERIES 1997-C1

MORGAN STANLEY SERIES 1997-XL1

MORGAN STANLEY SERIES 1998-CF1

MORGAN STANLEY SERIES 1998-HF1

MORGAN STANLEY SERIES 1998-HF2

MORGAN STANLEY SERIES 1999-RMl

MSDW SERIES 1997-HF1

MSDW SERIES 1999-FNVl

MSDW SERIES 2001-IQ

MSDW SERIES 2001-PPM

MSDW SERIES 2002-HQ

MSDW SERIES 2002-IQ3

MSDW SERIES 2002-WM

MSDW SERIES 2003-IQ4

MSDW SERIES 2003-IQ5

MSDW SERIES 2003-IQ5 - B&B NOTES

MSDW SERIES 2005- IQ-10

NATIONS LINK SERIES 1996-1

NEW ENGLAN MUTUAL

NOMURA SERIES 1993 1 (HM9301)

NOMURA SERIES 1995 MD IV

NOMURA SERIES 1996 MD V

NOMURA SERIES 1996 MD VI

NOMURA SERIES 1998-D6

OREGON SERIES 1995-1

PAINE WEBBER 1996-13

PRUDENTIAL SECURITIES CREDIT

REAL - - T SERIES 2004-1

SALOMON BROTHERS SERIES 1999-C1

SALOMON BROTHERS SERIES 2000-C1

SASCO SERIES 1997-LL1

SDG MACERICH (CMO)

SL COMMERCIAL 1997 CI

SOLAR TRUST SERIES 2001-1

SOLAR TRUST SERIES 2002-1

SOLAR TRUST SERIES 2003-CCl

U-HAUL SERIES 1993-1

USGI 1992-1

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 hi 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,

IIIDISBURSEMENTS

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 wilt be taken.

2An annual certification from each subservicer slating that the subservicer is in compliance with its subservicer agreement shall be obtained by April 30^th for the previous calendar year.

EX-99.5

Exhibit 99.5

GMAC Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (less than 6 months)
As of May 1, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20002701	CALIFORNIA ST	05-01-06	17,550.00	1,170,000.00
20004501	CONCORDIA TEA	05-01-06	35,250.00	319,999.99
20008201	HAMPSHIRE COL	11-01-04	255.00	51,000.00
20008301	HARCUM JR COL	05-01-06	6,900.00	460,000.00
20016401	CALIFORNIA ST	05-01-06	4,575.00	305,000.00
20016501	CALIFORNIA ST	05-01-06	9,600.00	640,000.00
20019201	TEMPLE UNIV	05-01-06	5,028.75	298,000.00
20020001	UNIV OF ALAB	05-01-06	91,240.00	1,416,000.00
20021301	UNIV OF MONTE	05-01-06	10,985.00	199,000.00
20000401	ALFRED UNIVERSIT	05-01-06	1,380.00	92,000.00
20001201	ATLANTIC UNION C	05-01-06	5,990.42	165,699.40
20001901	BENEDICT COLLEGE	05-01-06	180.00	12,000.00
20006502	FAIRLEIGH DICKINS	05-01-06	3,614.82	86,813.09
20013301	MORIS COLLEGE	05-01-06	8,445.00	563,000.00
20018801	SUSQUEHANNA UN	05-01-06	300.00	20,000.00
20018802	SUSQUEHANNA UN	05-02-06	4,712.50	260,000.00
20023601	WESTERN MARYLA	05-01-06	13,650.00	910,000.00
	TOTALS:		219,656.49	6,968,512.48

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (6+Months)

As of May 1, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COL	11-01-04	35,785.00	51,000.00
20010801	LONG ISLAND U	06-01-05	8,999.98	423,999.98
TOTAL			44,784.98	474,999.98

GMAC Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of December 1, 2005 through December 31, 2005

Collections:
Principal Payments	143,278.97
Interest Payments
Total Principal and Interest Collections	143,278.97
Payments and Reversals Posted to Suspense	—
Total Collections	143,278.97
Less: Servicing Fees (not withheld from remittances)	(955.77	)
Net Collections	142,323.20

GMAC Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
 For the Period of Decemeber 1, 2005 through December 31, 2005

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
12302005	20002401	BOSTON UNIVER	15,515.89	10,611.03	26,126.92	707,402.21	194.54
12012005	20009702	KENT STATE	130,000.00	7,800.00	137,800.00	650,000.00	178.75
12012005	20010801	LONG ISLAND U	0.00	6,225.00	6,225.00	423,999.98	116.60
12012005	20012501	MISSOURI SOUT	55,000.00	3,345.00	58,345.00	222,999.99	61.32
12012005	20013001	MONTREAT-ANDE	2,600.00	1,233.00	3,833.00	82,200.00	22.61
12012005	20014401	DOMNION UNIV.	0.00	18,825.00	18,825.00	1,254,999.99	345.12
12072005	20018701	SUOMI COLLEGE	7,304.45	6,771.07	14,075.52	2,321,508.74	106.40
12012005	20019601	TOUGALOO COLL	0.00	1,470.00	1,470.00	98,000.00	26.95
12302005	20023102	VANDERBLT/GEO	35,458.63	4,485.24	39,943.87	299,016.11	82.23
		TOTALS:	245,878.97	60,765.34	306,644.31	6,060,127.02	1,134.52
							(178.75	)
							955.77

1

GMAC Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of Decemeber 1, 2005 through Decemeber 31, 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
	TOTAL:	—	—	—	—

GMAC Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of December 1, 2005 through December 31 2005

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest 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, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	880,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	92,000.00	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	165,699.40	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	12,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	8,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	200,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	691,886.32	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	86,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,170,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	427,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	276,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	349,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	645,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	86,813.09	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	20,000.00	10-01-2006
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	460,000.00	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	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	890,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	167,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	100,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	215,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	79,600.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	563,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	231,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	51,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	305,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	640,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	869,509.61	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	83,770.27	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

1

GMAC Commercial Mortgage
College and University Loan Trust I
Trial Balance
As of December 31, 2005

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20018601	STILLMAN COLLEGE	3.00	6,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,314,204.29	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	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	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	83,000.00	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	2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV – 1979 MAYFIELD	3.00	263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	Totals:		33,807,995.63

2

GMAC Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of December 31, 2005

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	35,785.00	51,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
TOTAL			44,784.98	474,999.98

GMAC Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of December 31, 2005

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for December 2005

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20051201	12012005	20009702	KENT STATE UNIVERSITY					—	7,800.00	—	7,800.00
20051201	12012005	20012501	MISSOURI SOUTHERN STATE COLLEG	55000	3345	58,345.00	222,999.99	55,000.00	3,345.00	—	58,345.00
20051201	12012005	20014401	OLD DOMINION UNIVERSITY	0	18825	18,825.00	1,254,999.99	—	18,825.00	—	18,825.00
System Credits												84,970.00
System Debits
Bank Credit
Bank Debit
Trustee Wire
20051202	12012005	20010801	LONG ISLAND UNIVERSITY	0	6225	6,225.00	423,999.98	—	6,225.00	—	6,225.00
System Credits												6,225.00
System Debits
Bank Credit 12/02/05													84,970.00
Bank Debit
Trustee Wire 12/02/05														84,970.00
System Credits
System Debits
Bank Credit 12/05/05													6,225.00
Bank Debit
Trustee Wire 12/05/05														6,225.00
20051207	12072005	20018701	FINLANDIA UNIVERSITY	7,304.45	6,771.07	14,075.52	2,321,508.74	7,304.45	6,771.07	—	14,075.52
System Credits												14,075.52
System Debits
Bank Credit
Bank Debit
Bank Debit
Trustee Wire
System Credits
System Debits
Bank Credit 12/08/05													14,075.52
Bank Debit 12/08/05-Nov 05 Svc Fee															2,735.13
Bank Debit 12/8/06- Property Insp Fee
Trustee Wire 12/8/05														11,340.39
20051212	12012005	20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	—	1,470.00	1,470.00	98,000.00	—	1,470.00	—	1,470.00
System Credits												1,470.00
System Debits
Bank Credit
Bank Debit
Trustee Wire
System Credits
System Debits
Bank Credit 12/13/05													1,470.00
Bank Debit
Trustee Wire 12/13/05														1,470.00
20051214	4012005	20016101	RIVERSIDE HOSPITAL					30,000.00	—	—	30,000.00
System Credits												30,000.00
System Debits
Bank Credit
Bank Debit
Trustee Wire
20051215	12-30-05	20023102	VANDERBILT UNIV - 1979 MAYFIELD	35,458.63	4,485.24	39,943.87	299,016.11	35,458.63	4,485.24	—	39,943.87
System Credits												39,943.87
System Debits
Bank Credit 12/15/05													30,000.00
Bank Debit
Trustee Wire 12/15/05														30,000.00
System Credits
System Debits (Payment Reversal)
Bank Credit 12/16/05													39,943.87
Bank Debit
Trustee Wire 12/16/05														39,943.87
20051230	12302005	20002401	BOSTON UNIVERITY	15,515.89	10,611.03	26,126.92	707,402.21	15,515.89	10,611.03	—	26,126.92
System Credits												26,126.92
System Debits
Bank Credit
Bank Debit
Trustee Wire

1

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
			TOTALS:	113,278.97	51,732.34	165,011.31	5,327,927.02	143,278.97	59,532.34	—	202,811.31	202,811.31	176,684.39	173,949.26	2,735.13
Loans Due in Current Period and Paid in Prior Period:
11/21/2005	12/1/2005	20013001	MONTREAT-ANDE	2,600.00	1,233.00	3,833.00	82,200.00
			TOTALS:	2,600.00	1,233.00	3,833.00	82,200.00
Loans Due in Current Period Not Yet Paid:
	12/1/2005	20009702	KENT STATE	130,000.00	7,800.00	137,800.00	650,000.00
			TOTALS:	—	—	—	—
			GRAND TOTAL:	115,878.97	52,965.34	168,844.31	5,410,127.02

2

College and University Loan Trust I

Remittance Report Reconciliation

December-05

Total System Credits @ 12/31		202,811.31
Total Bank Credits		176,684.39
	Payment Reversal	—
	Funds in transit	26,126.92
	ACH Correction
	Reserve Deposit (Finlandia College)	—
Adjusted Bank Credits:		202,811.31
		—

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

December-05

Total Bank Credits @ 12/31		176,684.39
Total Debits to Trustee@ 12/31		173,949.26
	Nov. 05 Service Fees	2,735.13
	Property Inspection Fee
	ACH Correction for duplicate deposit	—
Adjusted Debits to Trustee		176,684.39
		—

GMAC Commercial Mortgage
College and University Loan Trust I
Collection Account Activity Report
For the Period of January 1, 2006 through January 31, 2006

Collections:
Principal Payments	646,100.77
Interest Payments	37,394.75
Total Principal and Interest Collections	683,495.52
Payments and Reversals Posted to Suspense	—
Total Collections	683,495.52
Less: Servicing Fees (not withheld from remittances)	(673.96	)
Net Collections	682,821.56

GMAC Commercial Mortgage
College & Trust Facility Loan Trust I
Service Fees Schedule
For the Period of January 1, 2006 through January 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
1012006	20003901	COLL. OF CHAR	0	9900	9900	660000	181.50
1012006	20006801	FLORIDA ATLAN	0	675	675	45000	12.38
1012006	20009201	JACKSON ST.	50000	1500	51500	100000	27.50
1012006	20012401	MISSISSIPPI V	0	450	450	30000	8.25
1012006	20012801	MONTCLAIR COL	0	2055	2055	137000	37.68
1072006	20018701	SUOMI COLLEGE	7100.77	6974.75	14075.52	2314204.29	106.07
1012006	20021401	U OF NEBRASKA	4000	1245	5245	83000	22.83
1012006	20021603	NORTH CAROLIN	65000	15150	80150	1010000	277.75
		TOTALS:	126,100.77	37,949.75	164,050.52	4,379,204.29	673.96
							673.96

1

GMAC Commercial Mortgage
College & Trust Facility Loan Trust I
Paid-in-Full Loans
For the Period of January 1, 2006 through January 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20009702	60104	520000	520000	0		12012008
	TOTAL:	520,000.00	520,000.00	—	—

GMAC Commercial Mortgage
College and University Loan Trust I
Summary of Partial Prepayments
For the Period of January 1, 2006 through January 31 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest 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, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	880,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	92,000.00	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	165,699.40	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	12,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	8,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	200,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	691,886.32	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	86,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,170,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	427,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	276,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	349,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	645,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	86,813.09	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	20,000.00	10-01-2006
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	460,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	50,000.00	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
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	890,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEGE	3.00	167,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	100,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	215,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	79,600.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	563,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	231,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	51,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	305,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	640,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	869,509.61	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	83,770.27	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

1

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of January 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20018701	FINLANDIA UNIVERSITY	3.50	2,307,103.52	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	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	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	Totals:		33,161,894.86

2

GMAC Commercial Mortgage
College & Trust Facility Loan Trust I
Delinquency Report (60+Days)
As of January 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	35,785.00	51,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
TOTAL			44,784.98	474,999.98

GMAC Commercial Mortgage
College and University Loan Trust I
Liquidation Report
As of December 31, 2005

None to report for this period

GMAC Commercial Mortgage
College and University Loan Trust I
Remittance Report for Januaey 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20060103	1012006	20006801	FLORIDA ATLANTIC UNIVERSITY	0	675	675.00	45,000.00	—	675.00	—	675.00
20060103	1012006	20021603	UNIVERSITY OF NORTH CAROLINA	65000	15150	80,150.00	1,010,000.00	65,000.00	15,150.00	—	80,150.00
System Credits												80,825.00
System Debits
Bank Credit 01/04/06													26,126.92
Bank Debit
Trustee Wire 01/04/06														26,126.92
20060104	1012006	20003901	COLLEGE OF CHARLESTON	0	9900	9,900.00	660,000.00	—	9,900.00	—	9,900.00
20060104	0	20009702	KENT STATE UNIVERSITY					520,000.00	—	—	520,000.00
System Credits												529,900.00
System Debits
Bank Credit 1/05/06													80,825.00
Bank Debit
Trustee Wire 1/05/06														80,825.00
20060105	1012006	20009201	JACKSON STATE COLLEGE	50,000.00	1,500.00	51,500.00	100,000.00	50,000.00	1,500.00	—	51,500.00
20060105	1012006	20012401	MISSISSIPPI VALLEY ST. COLLEGE	—	450.00	450.00	30,000.00	—	449.99	—	449.99
20060105	7012006	20012401	MISSISSIPPI VALLEY ST. COLLEGE					—	0.01	—	0.01
System Credits												51,950.00
System Debits
Bank Credit 1/06/06													529,900.00
Bank Debit
Trustee Wire 1/06/06														528,944.23
20060109	1072006	20018701	FINLANDIA UNIVERSITY	7,100.77	6,974.75	14,075.52	2,314,204.29	7,100.77	6,974.75	—	14,075.52
System Credits												14,075.52
System Debits
Bank Credit 1/10													51,950.00
Bank Debit 1/10/06															955.77
Bank Debit
Trustee Wire 1/09/06														51,950.00
20060110	1012006	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	4,000.00	1,245.00	5,245.00	83,000.00	4,000.00	1,245.00	—	5,245.00
System Credits												5,245.00
System Debits
Bank Credit 1/11/06													14,075.52
Bank Debit 1/11/06
Bank Debit
Trustee Wire														14,075.52
Bank Credit													5,245.00
Trustee Wire														5,245.00
20060116	0	20018701	FINLANDIA UNIVERSITY						—	—	—	—
System Credits
System Debits
Bank Credit 1/17/06
Bank Debit
Trustee Wire
20060130	2012006	20010301	LAREDO MUNICIPAL JR. COLLEGE					—	1,500.00	—	1,500.00
System Credits												1,500.00
System Debits
Bank Credit 1/31/06													1,500.00
Bank Debit
Trustee Wire 1/31/06														1,500.00
			TOTALS:	126,100.77	35,894.75	161,995.52	4,242,204.29	646,100.77	37,394.75	—	683,495.52	683,495.52	709,622.44	708,666.67	955.77
Loans Due in Current Period and Paid in Prior Period:				—	2,055.00	2,055.00	137,000.00
9/2/2005	1012006	20012801	MONTCLAIR COL
			TOTALS:	—	2,055.00	2,055.00	137,000.00
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	126,100.77	37,949.75	164,050.52	4,379,204.29

1

College and University Loan Trust I

Remittance Report Reconciliation

January-06

Total System Credits @ 1/31	683,495.52
Total Bank Credits	709,622.44
Payment Reversal	—
Funds in transit	(26,126.92	)
Funds in transit
ACH Correction
Reserve Deposit (Finlandia College)	—
Adjusted Bank Credits:	683,495.52
	—

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

January-06

Total Bank Credits @ 1/31	709,622.44
Total Debits to Trustee@ 1/31	708,666.67
Dec. 05 Service Fees	955.77
ACH Correction for duplicate deposit	—
Adjusted Debits to Trustee	709,622.44
	—

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of February 1, 2006 through February 28, 2006

Collections:
Principal Payments	28,122.17
Interest Payments	8,453.35
Total Principal and Interest Collections	36,575.52
Payments and Reversals Posted to Suspense	(8,120.00	)
Total Collections	28,455.52
Less: Servicing Fees (not withheld from remittances)	(321.48	)
Net Collections	28,134.04

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of February 1, 2006 through February 28, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
1012006	20002501	BRYAN COLLEGE	9000	1290	10290	86000	23.65
1012006	20006901	FLORIDA TECH	8000	120	8120	8000	2.20
1012006	20010301	LAREDO MUN. J	0	1500	1500	100000	27.50
1012006	20018601	STILLMAN COLL	4000	90	4090	6000	1.65
1012006	20018701	SUOMI COLLEGE	7122.17	6953.35	14075.52	2307103.52	105.74
1072006	20023101	VANDERBLT/GEO	0	2308.42	2308.42	0	0.00
		TOTALS:	28,122.17	12,261.77	40,383.94	2,507,103.52	160.74
							—
							321.48

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of February 1, 2006 through February 28, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20006901	60202	8120	8000	120		2012006
	TOTAL:	8,120.00	8,000.00	120.00	—
					—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of February 1, 2006 through February 28 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest 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, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	880,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	92,000.00	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	165,699.40	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	12,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	8,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	200,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	691,886.32	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	77,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,170,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	427,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	276,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	349,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	645,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	86,813.09	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20007201	FOOTHILL COLLEGE	3.00	20,000.00	10-01-2006
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	460,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	50,000.00	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
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	890,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	167,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	100,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	215,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	79,600.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	563,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	231,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	51,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	305,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	640,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	869,509.61	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	83,770.27	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	2,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,299,981.35	8-06-2014

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	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	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	Totals:		33,133,772.69

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of February 28, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	35,785.00	51,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
TOTAL			44,784.98	474,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of February 28, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for February 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20060201	2012006	20002501	WILLIAM JENNINGS BRYAN COLLEGE	9000	1290	10,290.00	86,000.00	9,000.00	1,290.00	—		10,290.00
20060201	0	20006901	FLORIDA INST OF TECH, INC	8000	120	8,120.00	8,000.00	—	—	8,120.00		8,120.00
20060201	2012006	20018601	STILLMAN COLLEGE	4000	90	4,090.00	6,000.00	4,000.00	90.00	—		4,090.00
System Credits														22,500.00
System Debits
Bank Credit 02/02/06																14,380.00
Bank Credit 02/02/06																8,120.00
Trustee Wire 2/02/06																	22,500.00
20060202	0	20006901	FLORIDA INST OF TECH, INC					—	—	(8,120.00	)	(8,120.00	)
20060202	0	20006901	FLORIDA INST OF TECH, INC					8,000.00	120.00	—		8,120.00
System Credits														8,120.00
System Debits ( Pymt Reversal)														(8,120.00	)
Bank Credit 2/03/06																8,120.00
Bank Debit 2/3/06																		8,120.00
Trustee Wire 2/03/06
20060207	2072006	20018701	FINLANDIA UNIVERSITY	7,122.17	6,953.35	14,075.52	2,307,103.52	7,122.17	6,953.35	—		14,075.52
System Credits														14,075.52
System Debits
Bank Credit 2/08/06																14,075.52
Bank Debit 2/08/06																		673.96
Trustee Wire 2/08/06																	13,401.56
Bank Credit 2/09/06
Trustee Wire 2/09/06
			TOTALS:	28,122.17	8,453.35	36,575.52	2,407,103.52	28,122.17	8,453.35	—		36,575.52		36,575.52		44,695.52	35,901.56	8,793.96
Loans Due in Current Period and Paid in Prior Period:
1/30/2006	2012006	20010301	LAREDO MUN. J	—	1,500.00	1,500.00	100,000.00
			TOTALS:	—	1,500.00	1,500.00	100,000.00
Loans Due in Current Period Not Yet Paid:
	2012006	20023101	VANDERBLT/GEO	—	2,308.42	2,308.42	—
			TOTALS:	—	—	—	—
			GRAND TOTAL:	28,122.17	9,953.35	38,075.52	2,507,103.52

1

College and University Loan Trust I

Remittance Report Reconciliation

February-06

Total System Credits @ 2/28		36,575.52
Total Bank Credits @ 2/28		44,695.52
	Payment Reversal	(8,120.00	)
	Funds in transit
	Funds in transit
	ACH Correction
	Reserve Deposit (Finlandia College)	—
Adjusted Bank Credits:		36,575.52
		—

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

February-06

Total Bank Credits @ 2/28		44,695.52
Total Debits to Trustee@ 2/28		35,901.56
	Service Fees	673.96
	Escrow Held Payment	8,120.00
Adjusted Debits to Trustee		44,695.52
		(0.00	)

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of March 1, 2006 through March 31 2006

Collections:
Principal Payments	452,814.46
Interest Payments	65,459.19
Total Principal and Interest Collections	518,273.65
Payments and Reversals Posted to Suspense	—
Total Collections	518,273.65
Less: Servicing Fees (not withheld from remittances)	(1,064.63	)
Net Collections	517,209.02

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of March 1, 2006 through March 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
3012006	20000902	ANDERSON COLL	25000	1875	26875	125000	34.38
3012006	20013801	NORTH CAROLIN	0	2100	2100	140000	38.50
3072006	20018701	SUOMI COLLEGE	7814.46	6261.06	14075.52	2299981.35	105.42
3012006	20019502	TEXAS TECH UN	45000	7757.5	52757.5	428000	117.70
3012006	20019504	TEXAS TECH UN	375000	47165.63	422165.63	2795000	768.63
		TOTALS:	452,814.46	65,159.19	517,973.65	5,787,981.35	1,064.63
							—
							1,064.63

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

 For the Period of March 1, 2006 through March 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
	TOTAL:	—	—	—	—
					—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of March 1, 2006 through March 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest 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, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3.00	880,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	92,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	245,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	100,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	165,699.40	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	12,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	8,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	200,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	691,886.32	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	77,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,170,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	427,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	276,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	349,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	645,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	86,813.09	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20007201	FOOTHILL COLLEGE	3.00	20,000.00	10-01-2006
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	460,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	50,000.00	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
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	890,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	167,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	100,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	215,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	79,600.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	563,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	231,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	51,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	305,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	640,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	869,509.61	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	83,770.27	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	2,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,292,166.89	8-06-2014

1

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of March 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	383,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,420,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV – 1979 MAYFIELD	3.00	263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	Totals:		32,680,958.23

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of March 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	35,785.00	51,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
TOTAL			44,784.98	474,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of March 31, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for March 2006

Date Received	Date Due	GMACCM Number		Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20060301	3012006	20019502	TEXAS TECH. UNIVERSITY		45000	7757.5	52757.5	428000	45,000.00	7,757.50	—	52,757.50
20060301	3012006	20019504	TEXAS TECH. UNIVERSITY		375000	47165.63	422165.63	2795000	375,000.00	47,165.63	—	422,165.63
System Credits													474,923.13
System Debits
Bank Credit 03/01/06
Bank Debitt 03/01/06
Trustee Wire 03/01/06
20060302	3012006	20000902	ANDERSON COLLEGE		25000	1875	26875	125000	25,000.00	1,875.00	—	26,875.00
20060302	3012006	20013801	NORTH CAROLINA STATE UNIVERSITY		0	2100	2100	140000	—	2,100.00	—	2,100.00
System Credits													28,975.00
System Debits
Bank Credit 03/02/06														474,923.13
Bank Debitt 03/02/06
Trustee Wire 03/02/06															474,601.65
System Credits
System Debits
Bank Credit 3/03/06														28,975.00
Bank Debit 3/03/06 (Service Fees)																321.48
Trustee Wire 3/03/06															28,975.00
20060307	3072006	20018701	FINLANDIA UNIVERSITY		7814.46	6261.06	14075.52	2299981.35	7,814.46	6,261.06	—	14,075.52
System Credits													14,075.52
System Debits
Bank Credit 3/07/06
Bank Debit 3/07/06
Trustee Wire 3/07/06
System Credits
System Debits
Bank Credit 3/08/06														28,151.04
Bank Debit 3/08/06																14,075.52
Trustee Wire 3/08/06															14,075.52
20060330	4012006	20007201	FOOTHILL COLLEGE						—	300.00	—	300.00
System Credits													300.00
System Debits
Bank Credit 03/30/06
Bank Debit 03/30/06
Trustee Wire 03/30/06
System Credits
System Debits
Bank Credit 03/31/06														300.00
Bank Debit 03/31/06
Trustee Wire 03/31/06															300.00
			TOTALS:		452,814.46	65,159.19	517,973.65	5,787,981.35	452,814.46	65,459.19	—	518,273.65	518,273.65	532,349.17	517,952.17	14,397.00
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:		—	—	—	—
Loans Due in Current Period Not Yet Paid:
			TOTALS:		—	—	—	—
			GRAND TOTAL:		452,814.46	65,159.19	517,973.65	5,787,981.35

1

College and University Loan Trust I

Remittance Report Reconciliation

March-06

Total System Credits @ 3/31		518,273.65
Total Bank Credits @ 3/31		532,349.17
	Payment Reversal	—
	Funds in transit	—
	Funds in transit	—
	ACH Correction	(14,075.52	)
	Reserve Deposit (Finlandia College)	—
Adjusted Bank Credits:		518,273.65
		—

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

March-06

Total Bank Credits @ 3/31		532,349.17
Total Debits to Trustee@ 3/31		517,952.17
	Service Fees	321.48
	ACH Correction	14,075.52
	Escrow Held Payment	—
Adjusted Debits to Trustee		532,349.17
		—

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of April 1, 2006 through April 30, 2006

Collections:
Principal Payments	1,510,942.15
Interest Payments	246,089.38
Total Principal and Interest Collections	1,757,031.53
Payments and Reversals Posted to Suspense	—
Total Collections	1,757,031.53
Less: Servicing Fees (not withheld from remittances)	(3,937.27	)
Net Collections	1,753,094.26

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of April 1, 2006 through April 30, 2006

DateDue	GMACCM Number	BorrowerName	PrincipalDue	InterestDue	TotalDue	PrincipalBalance	Service Fees
4012006	20000101	ALBION COLLEG	0.00	13,200.00	13,200.00	880,000.00	242.00
4012006	20000601	ALMA COLLEGE	45,000.00	3,675.00	48,675.00	245,000.00	67.38
4012006	20001301	AUGSBERG COLL	70,000.00	14,250.00	84,250.00	950,000.00	261.25
4012006	20001401	AZUSA UNIVERS	40,000.00	8,445.00	48,445.00	563,000.00	154.83
4012006	20002101	BIRMINGHAM SO	0.00	120.00	120.00	8,000.00	2.20
4012006	20002102	BIRMINGHAM SO	0.00	3,000.00	3,000.00	200,000.00	55.00
4012006	20002201	BLACKS HILLS	0.00	210.00	210.00	0.00	0.00
4012006	20002202	BLACKS HILLS	0.00	330.00	330.00	22,000.00	6.05
4012006	20003001	CASE WESTERN	100,000.00	20,025.00	120,025.00	1,335,000.00	367.13
4012006	20004001	COLL.OF ST. T	30,000.00	6,225.00	36,225.00	415,000.00	114.13
4012006	20004401	R.I. JR. COLL	10,000.00	4,140.00	14,140.00	276,000.00	75.90
4012006	20005201	DANIEL WEBSTE	15,000.00	3,675.00	18,675.00	245,000.00	67.38
4012006	20005801	DRAKE UNIV.	40,000.00	9,675.00	49,675.00	645,000.00	177.38
4012006	20006401	KS.ST.TEACHER	45,000.00	2,550.00	47,550.00	170,000.00	46.75
4012006	20007201	FOOTHILL JUNI	0.00	300.00	300.00	20,000.00	5.50
4012006	20007902	GRAMBLING	0.00	2,625.00	2,625.00	0.00	0.00
4012006	20009302	JARVIS CHRIST	25,000.00	6,195.00	31,195.00	413,000.00	113.58
4012006	20009502	SACRED HEART	21,000.00	315.00	21,315.00	21,000.00	5.78
4012006	20010802	LONG ISLAND U	0.00	1,931.25	1,931.25	0.00	0.00
4012006	20012101	MIDDLEBURY CO	40,000.00	13,350.00	53,350.00	890,000.00	244.75
4012006	20012601	MISSOURI WEST	0.00	1,500.00	1,500.00	100,000.00	27.50
4012006	20012901	MONTEREY JR C	0.00	3,225.00	3,225.00	215,000.00	59.13
4012006	20013501	NEW ENGLAND C	0.00	4,205.00	4,205.00	231,999.99	63.80
4012006	20013502	NEW ENGLAND C	45,000.00	11,250.00	56,250.00	750,000.00	206.25
4012006	20016101	RIVERSIDE HOS	32,000.00	765.00	32,765.00	51,000.00	14.03
4012006	20016201	RIVIER COLLEG	40,000.00	7,666.88	47,666.88	423,000.00	116.33
4012006	20016701	SCRIPPS COLLE	0.00	420.00	420.00	0.00	0.00
4012006	20018001	ST.EDWARDS	14,000.00	2,229.38	16,229.38	123,000.00	33.83
4012006	20018302	ST. MICHAELS	25,000.00	825.00	25,825.00	55,000.00	15.13
4072006	20018701	SUOMI COLLEGE	7,167.18	6,908.34	14,075.52	2,292,166.89	105.06
4012006	20019101	TAYLOR UNIV.	0.00	4,275.00	4,275.00	285,000.00	78.38
4012006	20019401	TEXAS COLLEGE	35,000.00	1,050.00	36,050.00	70,000.00	19.25
4012006	20021001	UNIV HAWAII	0.00	2,025.00	2,025.00	135,000.00	37.13
4012006	20021701	UNIV. OF NOTR	80,000.00	19,050.00	99,050.00	1,270,000.00	349.25
4012006	20022601	UNIV.OF STEUB	21,000.00	2,801.25	23,801.25	166,000.00	45.65
4012006	20022602	UNIV.OF STEUB	16,000.00	3,510.00	19,510.00	234,000.00	64.35
4012006	20022701	UNIV OF VERMO	61,000.00	31,395.00	92,395.00	2,093,000.00	575.58
4012006	20023601	WSTRN WASH. S	0.00	600.00	600.00	40,000.00	11.00
4012006	20023901	XAVIER UNIV.	0.00	5,925.00	5,925.00	395,000.00	108.63
		TOTALS:	857,167.18	223,862.10	1,081,029.28	16,227,166.88	3,937.27
							—
							3,937.27

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of April 1, 2006 through April 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20005801	60403	654,675.00	645,000.00	9,675.00	—	10012012
20009502	60403	21,315.00	21,000.00	315.00	—	4012006
	TOTAL:	675,990.00	666,000.00	9,990.00	—

2

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of April 1, 2006 through April 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

3

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of April 30, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3	880,000.00	10012015
20000401	UNIVERSITY OF ALFRED	3	92,000.00	11012007
20000601	ALMA COLLEGE	3	200,000.00	4012010
20000902	ANDERSON COLLEGE	3	100,000.00	3012010
20001201	ATLANTIC UNION COLLEGE	3	165,699.40	5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3	880,000.00	4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3	523,000.00	4012017
20001901	BENEDICT COLLEGE SERIES 1974	3	12,000.00	11012006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3	8,000.00	10012006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3	200,000.00	10012010
20002401	BOSTON UNIVERITY	3	691,886.32	12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	77,000.00	2012010
20002701	CALIFORNIA STATE UNIVERSITY	3	1,170,000.00	11012012
20002801	CARNEGIE MELLON UNIVERSITY	3	412,000.00	11012017
20003001	CASE WESTERN RESERVE UNIVERSIT	3	1,235,000.00	4012016
20003901	COLLEGE OF CHARLESTON	3	660,000.00	7012016
20004001	COLLEGE OF ST. THOMAS	3	385,000.00	4012017
20004401	R.I. JR. COLLEGE	3	266,000.00	4012018
20004501	CONCORDIA TEACHERS COLLEGE	3	349,999.99	5012011
20005201	DANIEL WEBSTER COLLEGE	3	230,000.00	4012019
20006401	EMPORIA STATE UNIVERSITY	3	125,000.00	4012009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3	86,813.09	11012020
20006801	FLORIDA ATLANTIC UNIVERSITY	3	45,000.00	7012006
20007201	FOOTHILL COLLEGE	3	20,000.00	10012006
20008201	HAMPSHIRE COLLEGE	3	51,000.00	11012006
20008301	HARCUM COLLEGE	3	460,000.00	11012015
20009201	JACKSON STATE COLLEGE	3	50,000.00	1012007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3	388,000.00	4012019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3	100,000.00	8012009
20010801	LONG ISLAND UNIVERSITY	3	423,999.98	6012016
20012101	MIDDLEBURY COLLEGE	3	850,000.00	4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3	30,000.00	7012008
20012501	MISSOURI SOUTHERN STATE COLLEG	3	167,999.99	12012008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3	100,000.00	10012008
20012901	MONTEREY PENINSULA JR. COLLEGE	3	215,000.00	10012018
20013001	MONTREAT-ANDERSON COLLEGE	3	79,600.00	12012019
20013301	MORRIS COLLEGE - BONDS 1983	3	563,000.00	11012013
20013501	NEW ENGLAND COLLEGE	3.625	231,999.99	10012013
20013502	NEW ENGLAND COLLEGE	3	705,000.00	4012019
20013801	NORTH CAROLINA STATE UNIVERSITY	3	140,000.00	9012006
20014401	OLD DOMINION UNIVERSITY	3	1,254,999.99	6012013
20016101	RIVERSIDE HOSPITAL	3	19,000.00	4012007
20016201	RIVIER COLLEGE	3.625	383,000.00	4012014
20016401	CALIFORNIA STATE UNIVERSITY	3	305,000.00	11012021
20016501	CALIFORNIA STATE UNIVERSITY	3	640,000.00	11012021
20016601	SARAH LAWRENCE COLLEGE	3	847,272.51	11012021
20017801	SPRINGFIELD COLLEGE	3	76,708.92	5012011
20018001	ST.EDWARDS UNIVERSITY	3.625	109,000.00	4012013
20018302	ST. MICHAELS COLLEGE	3	30,000.00	4012008
20018601	STILLMAN COLLEGE	3	2,000.00	2012007
20018701	FINLANDIA UNIVERSITY	3.5	2,284,999.71	8062014
20018801	SUSQUEHANNA UNIVERSITY	3	20,000.00	11012006
20018802	SUSQUEHANNA UNIVERSITY	3.625	260,000.00	11012014

4

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20018901	SWARTHMORE COLLEGE	3	81,478.71	11012013
20019101	TAYLOR UNIVERISTY	3	285,000.00	10012010
20019201	TEMPLE UNIVERSITY	3.375	298,000.00	11012014
20019401	TEXAS STATE COLLEGE	3	35,000.00	4012007
20019502	TEXAS TECH. UNIVERSITY	3.625	383,000.00	3012013
20019504	TEXAS TECH. UNIVERSITY	3.375	2,420,000.00	3012012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3	98,000.00	6012021
20020001	UNIVERSITY OF ALABAMA	3	1,416,000.00	5012021
20021001	UNIVERSITY OF HAWAII AT MANOA	3	135,000.00	10012006
20021301	UNIVERSITY OF MONTEVALLO	3	199,000.00	5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	79,000.00	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	945,000.00	1012018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3	1,190,000.00	4012018
20022601	UNIVERSITY OF STEUBENVILLE	3.375	145,000.00	4012012
20022602	UNIVERSITY OF STEUBENVILLE	3	218,000.00	4012017
20022701	UNIVERSITY OF VERMONT	3	2,032,000.00	10012019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3	263,557.48	6302009
20023501	WESTERN MARYLAND COLLEGE	3	910,000.00	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	40,000.00	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	395,000.00	10012017
			31,170,016.08

5

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of April 30, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	35,785.00	51,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
TOTAL			44,784.98	474,999.98

6

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of April 30, 2006

None to report for this period

7

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for April 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20060403	4012006	20000601	ALMA COLLEGE	45,000.00	3,675.00	48,675.00	245,000.00	45,000.00	3,675.00	—	48,675.00
20060403	4012006	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	70,000.00	14,250.00	84,250.00	950,000.00	70,000.00	14,250.00	—	84,250.00
20060403	4012006	20002101	BIRMINGHAM SOUTHERN COLLEGE	—	120.00	120.00	8,000.00	—	120.00	—	120.00
20060403	4012006	20002102	BIRMINGHAM SOUTHERN COLLEGE	—	3,000.00	3,000.00	200,000.00	—	3,000.00	—	3,000.00
20060403	4012006	20004001	COLLEGE OF ST. THOMAS					30,000.00	6,225.00	—	36,225.00
20060403	4012006	20004401	R.I. JR. COLLEGE	30,000.00	6,225.00	36,225.00	415,000.00	10,000.00	4,140.00	—	14,140.00
20060403	0	20005801	DRAKE UNIVERSITY	10,000.00	4,140.00	14,140.00	276,000.00	645,000.00	9,675.00	—	654,675.00
20060403	0	20005801	DRAKE UNIVERSITY	40,000.00	9,675.00	49,675.00	645,000.00	—	6,050.00	—	6,050.00
20060403	4012006	20006401	EMPORIA STATE UNIVERSITY	45,000.00	2,550.00	47,550.00	170,000.00	45,000.00	2,550.00	—	47,550.00
20060403	0	20009502	SACRED HEART KANSAS NEWMAN COLLEGE	21,000.00	315.00	21,315.00	21,000.00	21,000.00	315.00	—	21,315.00
20060403	4012006	20012101	MIDDLEBURY COLLEGE	40,000.00	13,350.00	53,350.00	890,000.00	40,000.00	13,350.00	—	53,350.00
20060403	4012006	20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	—	1,500.00	1,500.00	100,000.00	—	1,500.00	—	1,500.00
20060403	4012006	20016201	RIVIER COLLEGE	40,000.00	7,666.88	47,666.88	423,000.00	40,000.00	7,666.88	—	47,666.88
20060403	4012006	20021001	UNIVERSITY OF HAWAII AT MANOA	—	2,025.00	2,025.00	135,000.00	—	2,025.00	—	2,025.00
20060403	4012006	20022601	UNIVERSITY OF STEUBENVILLE	21,000.00	2,801.25	23,801.25	166,000.00	21,000.00	2,801.25	—	23,801.25
System Credits												1,044,343.13
System Debits
Bank Credit 04/03/06
Bank Debit 04/03/06
Trustee Wire 04/03/06
20060404	4012006	20000101	ALBION COLLEGE	—	13,200.00	13,200.00	880,000.00	—	13,200.00	—	13,200.00
20060404	4012006	20003001	CASE WESTERN RESERVE UNIVERSIT					—	20,025.00	—	20,025.00
20060404	4012006	20005201	DANIEL WEBSTER COLLEGE	15,000.00	3,675.00	18,675.00	245,000.00	15,000.00	3,675.00	—	18,675.00
20060404	4012006	20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	25,000.00	6,195.00	31,195.00	413,000.00	25,000.00	6,195.00	—	31,195.00
20060404	4012006	20013501	NEW ENGLAND COLLEGE	—	4,205.00	4,205.00	231,999.99	—	4,205.00	—	4,205.00
20060404	4012006	20013502	NEW ENGLAND COLLEGE	45,000.00	11,250.00	56,250.00	750,000.00	45,000.00	11,250.00	—	56,250.00
20060404	4012006	20016101	RIVERSIDE HOSPITAL	32,000.00	765.00	32,765.00	51,000.00	—	765.00	—	765.00
20060404	4012006	20018001	ST.EDWARDS UNIVERSITY	14,000.00	2,229.38	16,229.38	123,000.00	14,000.00	2,229.38	—	16,229.38
20060404	4012006	20019401	TEXAS STATE COLLEGE	35,000.00	1,050.00	36,050.00	70,000.00	35,000.00	1,050.00	—	36,050.00
20060404	4012006	20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	80,000.00	19,050.00	99,050.00	1,270,000.00	80,000.00	19,050.00	—	99,050.00
20060404	4012006	20022602	UNIVERSITY OF STEUBENVILLE	16,000.00	3,510.00	19,510.00	234,000.00	16,000.00	3,510.00	—	19,510.00
20060404	4012006	20023901	XAVIER UNIVERSITY OF LOUISIANA	—	5,925.00	5,925.00	395,000.00	—	5,925.00	—	5,925.00
System Credits												321,079.38
System Debits
Bank Credit 04/04/06													1,044,343.13
Bank Debit 04/04/06
Trustee Wire 04/04/06														1,044,343.13
20060405	4012006	20003001	CASE WESTERN RESERVE UNIVERSIT	100,000.00	20,025.00	120,025.00	1,335,000.00	100,000.00	—	—	100,000.00
System Credits												100,000.00
System Debits
Bank Credit 04/05/06													321,079.38
Bank Debit 04/05/06 (April 06 Service Fees)															1,064.63
Trustee Wire 04/05/06														320,014.75
20060406	4012006	20018302	ST. MICHAELS COLLEGE	25,000.00	825.00	25,825.00	55,000.00	25,000.00	825.00	—	25,825.00
20060406	4012006	20022701	UNIVERSITY OF VERMONT	61,000.00	31,395.00	92,395.00	2,093,000.00	61,000.00	31,395.00	—	92,395.00
System Credits												118,220.00
System Debits
Bank Credit 4/06/06													100,000.00
Bank Debit 4/06/06
Trustee Wire 4/06/06														100,000.00
20060407	4012006	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	40,000.00	8,445.00	48,445.00	563,000.00	40,000.00	8,445.00	—	48,445.00
20060407	4072006	20018701	FINLANDIA UNIVERSITY	7,167.18	6,908.34	14,075.52	2,292,166.89	7,167.18	6,908.34	—	14,075.52
System Credits												62,520.52
System Debits
Bank Credit 04/07/06													118,220.00
Bank Debit 04/07/06
Trustee Wire 04/07/06														118,220.00
20060410	4012006	20019101	TAYLOR UNIVERISTY	—	4,275.00	4,275.00	285,000.00	—	4,275.00	—	4,275.00
20060410	4012006	20023601	WESTERN WASHINGTON STATE COLLEGE	—	600.00	600.00	40,000.00	—	600.00	—	600.00
System Credits												4,875.00
System Debits
Bank Credit 04/10/06													62,520.52
Bank Debit 04/10/06
Trustee Wire 04/10/06
System Credits
System Debits
Bank Credit 04/11/06													4,875.00
Bank Debit 04/11/06
Trustee Wire 04/11/06														67,395.52
20060421	4012006	20016101	RIVERSIDE HOSPITAL					32,000.00	—	—	32,000.00
System Credits												32,000.00
System Debits

1

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
Bank Credit 04/21/06
Bank Debit 04/21/06
Trustee Wire 04/21/06
20060424	5012006	20002801	CARNEGIE MELLON UNIVERSITY					15,000.00	6,405.00	—	21,405.00
20060424	4012006	20012901	MONTEREY PENINSULA JR. COLLEGE	—	3,225.00	3,225.00	215,000.00	—	3,225.00	—	3,225.00
20060424	5012006	20016601	SARAH LAWRENCE COLLEGE					22,237.10	13,042.64	—	35,279.74
20060424	5012006	20018901	SWARTHMORE COLLEGE					4,476.52	1,289.34	—	5,765.86
System Credits												65,675.60
System Debits
Bank Credit 04/24/06													32,000.00
Bank Debit 04/24/06
Trustee Wire 04/24/06														32,000.00
System Credits
System Debits
Bank Credit 04/25/06													65,675.60
Bank Debit 04/25/06
Trustee Wire 04/25/06														65,675.60
20060427	5012006	20017801	SPRINGFIELD COLLEGE					7,061.35	1,256.55	—	8,317.90
System Credits												8,317.90
System Debits
Bank Credit 04/27/06
Bank Debit 04/27/06
Trustee Wire 04/27/06
System Credits
System Debits
Bank Credit 04/28/06													8,317.90
Bank Debit 04/28/06
Trustee Wire 04/28/06														8,317.90
			TOTALS:	857,167.18	218,045.85	1,075,213.03	16,185,166.88	1,510,942.15	246,089.38	—	1,757,031.53	1,757,031.53	1,757,031.53	1,755,966.90	1,064.63
Loans Due in Current Period and Paid in Prior Period:
10/3/2005	4012006	20002201	BLACKS HILLS	—	210.00	210.00	—
10/3/2005	4012006	20002202	BLACKS HILLS	—	330.00	330.00	22,000.00
3/30/2006	4012006	20007201	FOOTHILL JUNI	—	300.00	300.00	20,000.00
10/3/2005	4012006	20007902	GRAMBLING	—	2,625.00	2,625.00	—
9/30/2005	4012006	20010802	LONG ISLAND U	—	1,931.25	1,931.25	—
10/18/2005	4012006	20016701	SCRIPPS COLLE	—	420.00	420.00	—
			TOTALS:	—	5,816.25	5,816.25	42,000.00
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	857,167.18	223,862.10	1,081,029.28	16,227,166.88

2

College and University Loan Trust I

Remittance Report Reconciliation

April-06

Total System Credits @ 4/30	1,757,031.53
Total Bank Credits @ 4/30	1,757,031.53
Funds in transit
Funds in transit	—
ACH Correction	—
Reserve Deposit (Finlandia College)	—
Adjusted Bank Credits:	1,757,031.53
	—

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

April-06

Total Bank Credits @ 4/30	1,757,031.53
Total Debits to Trustee@ 4/30	1,755,966.90
Service Fees	1,064.63
ACH Correction	—
Escrow Held Payment	—
Adjusted Debits to Trustee	1,757,031.53
	(0.00	)

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of May1, 2006 through May 31, 2006

Collections:
Principal Payments	140,828.52
Interest Payments	114,717.51
Total Principal and Interest Collections	255,546.03
Payments and Reversals Posted to Suspense	—
Total Collections	255,546.03
Less: Servicing Fees (not withheld from remittances)	(2,323.51	)
Net Collections	253,222.52

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of May 1, 2006 through May31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
5012006	20000401	ALFRED UNIVER	0.00	1,380.00	1,380.00	92,000.00	25.30
5012006	20001201	ATLANTIC UNIO	3,504.96	2,485.48	5,990.44	165,699.40	45.57
5012006	20001901	THE BENEDICT	0.00	180.00	180.00	12,000.00	3.30
5012006	20002701	CALIFORNIA ST	0.00	17,550.00	17,550.00	1,170,000.00	321.75
5012006	20002801	CARNEGIE-MELL	15,000.00	6,405.00	21,405.00	427,000.00	117.43
5012006	20004501	CONCORDIA TEA	30,000.00	5,250.00	35,250.00	349,999.99	96.25
5012006	20006502	FAIRLEIGH DIC	2,312.62	1,302.20	3,614.82	86,813.09	23.87
5012006	20008201	HAMPSHIRE COL	0.00	255.00	255.00	35,275.00	9.70
5012006	20008301	HARCUM JR COL	0.00	6,900.00	6,900.00	460,000.00	126.50
5012006	20013301	MORRIS COLLEG	0.00	8,445.00	8,445.00	563,000.00	154.83
5012006	20016401	CALIFORNIA ST	0.00	4,575.00	4,575.00	305,000.00	83.88
5012006	20016501	CALIFORNIA ST	0.00	9,600.00	9,600.00	640,000.00	176.00
5012006	20016601	SARAH LAWRENC	22,237.10	13,042.64	35,279.74	869,509.61	239.12
5012006	20017801	SPRINGFIELD C	7,061.35	1,256.55	8,317.90	83,770.27	23.04
5012006	20018801	SUSQUEHANNA U	0.00	300.00	300.00	20,000.00	5.50
5012006	20018802	SUSQUEHANNA U	0.00	4,712.50	4,712.50	260,000.00	71.50
5012006	20018901	SWARTHMORE CO	4,476.52	1,289.34	5,765.86	85,955.23	23.64
5012006	20019201	TEMPLE UNIV.	0.00	5,028.75	5,028.75	298,000.00	81.95
5012006	20020001	UNIV. OF ALAB	70,000.00	21,240.00	91,240.00	1,416,000.00	389.40
5012006	20021301	UNIV OF MONTE	8,000.00	2,985.00	10,985.00	199,000.00	54.73
5012006	20023501	WSTRN MARYLAN	0.00	13,650.00	13,650.00	910,000.00	250.25
		TOTALS:	162,592.55	127,832.46	290,425.01	8,449,022.59	2,323.51
							—
							2,323.51

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of May 1, 2006 through May 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest 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 May 1, 2006 through May 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest 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, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3	880000	10012015
20000401	UNIVERSITY OF ALFRED	3	92000	11012007
20000601	ALMA COLLEGE	3	200000	4012010
20000902	ANDERSON COLLEGE	3	100000	3012010
20001201	ATLANTIC UNION COLLEGE	3	162194.44	5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3	880000	4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3	523000	4012017
20001901	BENEDICT COLLEGE SERIES 1974	3	12000	11012006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3	8000	10012006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3	200000	10012010
20002401	BOSTON UNIVERITY	3	691886.32	12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	77000	2012010
20002701	CALIFORNIA STATE UNIVERSITY	3	1170000	11012012
20002801	CARNEGIE MELLON UNIVERSITY	3	412000	11012017
20003001	CASE WESTERN RESERVE UNIVERSIT	3	1235000	4012016
20003901	COLLEGE OF CHARLESTON	3	660000	7012016
20004001	COLLEGE OF ST. THOMAS	3	385000	4012017
20004401	R.I. JR. COLLEGE	3	266000	4012018
20004501	CONCORDIA TEACHERS COLLEGE	3	319999.99	5012011
20005201	DANIEL WEBSTER COLLEGE	3	230000	4012019
20006401	EMPORIA STATE UNIVERSITY	3	125000	4012009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3	84500.47	11012020
20006801	FLORIDA ATLANTIC UNIVERSITY	3	45000	7012006
20007201	FOOTHILL COLLEGE	3	20000	10012006
20008201	HAMPSHIRE COLLEGE	3	34000	11012006
20008301	HARCUM COLLEGE	3	460000	11012015
20009201	JACKSON STATE COLLEGE	3	50000	1012007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3	388000	4012019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3	100000	8012009
20010801	LONG ISLAND UNIVERSITY	3	423999.98	6012016
20012101	MIDDLEBURY COLLEGE	3	850000	4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3	30000	7012008
20012501	MISSOURI SOUTHERN STATE COLLEG	3	167999.99	12012008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3	100000	10012008
20012901	MONTEREY PENINSULA JR. COLLEGE	3	215000	10012018
20013001	MONTREAT-ANDERSON COLLEGE	3	77000	12012019
20013301	MORRIS COLLEGE - BONDS 1983	3	563000	11012013
20013501	NEW ENGLAND COLLEGE	3.625	231999.99	10012013
20013502	NEW ENGLAND COLLEGE	3	705000	4012019
20013801	NORTH CAROLINA STATE UNIVERSITY	3	140000	9012006
20014401	OLD DOMINION UNIVERSITY	3	1254999.99	6012013
20016101	RIVERSIDE HOSPITAL	3	19000	4012007
20016201	RIVIER COLLEGE	3.625	383000	4012014
20016401	CALIFORNIA STATE UNIVERSITY	3	305000	11012021
20016501	CALIFORNIA STATE UNIVERSITY	3	640000	11012021
20016601	SARAH LAWRENCE COLLEGE	3	847272.51	11012021
20017801	SPRINGFIELD COLLEGE	3	76708.92	5012011
20018001	ST.EDWARDS UNIVERSITY	3.625	109000	4012013
20018302	ST. MICHAELS COLLEGE	3	30000	4012008
20018601	STILLMAN COLLEGE	3	2000	2012007
20018701	FINLANDIA UNIVERSITY	3.5	2277588.77	8062014
20018801	SUSQUEHANNA UNIVERSITY	3	20000	11012006
20018802	SUSQUEHANNA UNIVERSITY	3.625	260000	11012014

1

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of May 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20018901	SWARTHMORE COLLEGE	3	81478.71	11012013
20019101	TAYLOR UNIVERISTY	3	285000	10012010
20019201	TEMPLE UNIVERSITY	3.375	298000	11012014
20019401	TEXAS STATE COLLEGE	3	35000	4012007
20019502	TEXAS TECH. UNIVERSITY	3.625	383000	3012013
20019504	TEXAS TECH. UNIVERSITY	3.375	2420000	3012012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3	98000	6012021
20020001	UNIVERSITY OF ALABAMA	3	1346000	5012021
20021001	UNIVERSITY OF HAWAII AT MANOA	3	135000	10012006
20021301	UNIVERSITY OF MONTEVALLO	3	191000	5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	79000	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	945000	1012018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3	1190000	4012018
20022601	UNIVERSITY OF STEUBENVILLE	3.375	145000	4012012
20022602	UNIVERSITY OF STEUBENVILLE	3	218000	4012017
20022701	UNIVERSITY OF VERMONT	3	2032000	10012019
20023102	VANDERBILT UNIV – 1979 MAYFIELD	3	263557.48	6302009
20023501	WESTERN MARYLAND COLLEGE	3	910000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	40000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	395000	10012017
			31,029,187.56

2

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of May 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	35,785.00	51,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
TOTAL			44,784.98	474,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of May 31, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for May 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid		Interest Paid		Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20060501	5012006	20000401	UNIVERSITY OF ALFRED	—	1,380.00	1,380.00	92,000.00	—		1,380.00		—		1,380.00
20060501	5012006	20001201	ATLANTIC UNION COLLEGE	3,504.96	2,485.48	5,990.44	165,699.40	3,504.96		2,485.48		—		5,990.44
20060501	5012006	20001901	BENEDICT COLLEGE SERIES 1974	—	180.00	180.00	12,000.00	—		180.00		—		180.00
20060501	5012006	20006502	FAIRLEIGH DICKINSON UNIVERSITY	2,312.62	1,302.20	3,614.82	86,813.09	2,312.62		1,302.20		—		3,614.82
20060501	5012006	20013301	MORRIS COLLEGE - BONDS 1983	—	8,445.00	8,445.00	563,000.00	—		8,445.00		—		8,445.00
20060501	5012006	20018801	SUSQUEHANNA UNIVERSITY	—	300.00	300.00	20,000.00	—		300.00		—		300.00
20060501	5012006	20018802	SUSQUEHANNA UNIVERSITY	—	4,712.50	4,712.50	260,000.00	—		4,712.50		—		4,712.50
20060501	5012006	20023501	WESTERN MARYLAND COLLEGE	—	13,650.00	13,650.00	910,000.00	—		13,650.00		—		13,650.00
System Credits																38,272.76
System Debits
Bank Credit 05/02/06
Bank Debit 05/02/06
Trustee Wire 05/02/06
20060503	5012006	20002701	CALIFORNIA STATE UNIVERSITY	—	17,550.00	17,550.00	1,170,000.00	—		17,550.00		—		17,550.00
20060503	5012006	20004501	CONCORDIA TEACHERS COLLEGE	30,000.00	5,250.00	35,250.00	349,999.99	30,000.00		5,250.00		—		35,250.00
20060503	5012006	20008301	HARCUM COLLEGE	—	6,900.00	6,900.00	460,000.00	—		6,900.00		—		6,900.00
20060503	5012006	20016401	CALIFORNIA STATE UNIVERSITY	—	4,575.00	4,575.00	305,000.00	—		4,575.00		—		4,575.00
20060503	5012006	20016501	CALIFORNIA STATE UNIVERSITY	—	9,600.00	9,600.00	640,000.00	—		9,600.00		—		9,600.00
20060503	5012006	20019201	TEMPLE UNIVERSITY	—	5,028.75	5,028.75	298,000.00	—		5,028.75		—		5,028.75
20060503	5012006	20021301	UNIVERSITY OF MONTEVALLO	8,000.00	2,985.00	10,985.00	199,000.00	8,000.00		2,985.00		—		10,985.00
System Credits																89,888.75
System Debits
Bank Credit 05/04/06																		38,272.76
Bank Debit 05/04/06
Trustee Wire 05/04/06																			38,272.76
20060505	5012006	20020001	UNIVERSITY OF ALABAMA	70,000.00	21,240.00	91,240.00	1,416,000.00	70,000.00		21,240.00		—		91,240.00
System Credits																91,240.00
System Debits
Bank Credit 05/08/06																		89,888.75
Bank Debit 05/08/06 (Svc Fees)																				3,937.27
Trustee Wire 05/08/06																			85,951.48
20060508	5072006	20018701	FINLANDIA UNIVERSITY					7,410.94		6,664.58		—		14,075.52
System Credits																14,075.52
System Debits
Bank Credit 5/09/06																		91,240.00
Bank Debit 5/09/06
Trustee Wire 5/09/06																			91,240.00
20060518	11012004	20008201	HAMPSHIRE COLLEGE	—	255.00	255.00	35,275.00	15,725.00		765.00		—		16,490.00
20060518	5012005	20008201	HAMPSHIRE COLLEGE					—		510.00		—		510.00
20060518	11012005	20008201	HAMPSHIRE COLLEGE					—		510.00		—		510.00
20060518	5012006	20008201	HAMPSHIRE COLLEGE					—		255.00		—		255.00
20060518	11012004	20008201	HAMPSHIRE COLLEGE					510.00		—		—		510.00
System Credits																18,275.00
System Debits
Bank Credit 05/19/06																		14,075.52
Bank Debit 05/19/06
Trustee Wire 05/19/06																			14,075.52
20060519	11012004	20008201	HAMPSHIRE COLLEGE					(510.00	)	—		—		(510.00	)
20060519	5012006	20008201	HAMPSHIRE COLLEGE					—		(255.00	)	—		(255.00	)
20060519	11012005	20008201	HAMPSHIRE COLLEGE					—		(510.00	)	—		(510.00	)
20060519	5012005	20008201	HAMPSHIRE COLLEGE					—		(510.00	)	—		(510.00	)
20060519	11012004	20008201	HAMPSHIRE COLLEGE					(15,725.00	)	(765.00	)	—		(16,490.00	)
20060519	0	20008201	HAMPSHIRE COLLEGE					—		—		18,275.00		18,275.00
20060519	6012006	20013001	MONTREAT-ANDERSON COLLEGE					2,600.00		1,194.00		—		3,794.00
System Credits																22,069.00
System Debits																(18,275.00	)
Bank Credit 05/22/06																		18,275.00
Bank Debit 05/22/06
Trustee Wire 05/22/06																			18,275.00
20060522	0	20008201	HAMPSHIRE COLLEGE					—		—		(18,275.00	)	(18,275.00	)
20060522	11012004	20008201	HAMPSHIRE COLLEGE					17,000.00		—		—		17,000.00
20060522	11012004	20008201	HAMPSHIRE COLLEGE					—		765.00		—		765.00
20060522	5012005	20008201	HAMPSHIRE COLLEGE					—		510.00		—		510.00
System Credits																18,275.00
System Debits																(18,275.00	)
Bank Credit 05/23/06																		18,275.00
Bank Credit 05/23/06																		3,794.00
Bank Debit 05/23/06																				18,275.00
Trustee Wire 05/23/06																			3,794.00
Bank Credit 05/24/06																		18,275.00
Bank Debit 05/23/06																				18,275.00
			TOTALS:	113,817.58	105,838.93	219,656.51	6,982,787.48	140,828.52		114,717.51		—		255,546.03		255,546.03		292,096.03	251,608.76	40,487.27
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	113,817.58	105,838.93	219,656.51	6,982,787.48

College and University Loan Trust I

Remittance Report Reconciliation

May-06

Total System Credits @ 4/30	255,546.03
Total Bank Credits @ 4/30	292,096.03
Funds in transit
ACH Correction	(18,275.00	)
escrow held payment	(18,275.00	)
Reserve Deposit (Finlandia College)	—
Adjusted Bank Credits:	255,546.03
	—

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

May-06

Total Bank Credits @ 4/30	292,096.03
Total Debits to Trustee@ 4/30	251,608.76
Service Fees	3,937.27
ACH Correction	18,275.00
Payment Reversal	18,275.00
Adjusted Debits to Trustee	292,096.03
	(0.00	)

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of June 1, 2006 through June 30, 2006

Collections:
Principal Payments	233,950.25
Interest Payments	50,236.05
Total Principal and Interest Collections	284,186.30
Payments and Reversals Posted to Suspense	0.01
Total Collections	284,186.31
Less: Servicing Fees (not withheld from remittances)	(1,031.15	)
Net Collections	283,155.16

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of June 1, 2006 through June 30, 2006

DateDue	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
6302006	20002401	BOSTON UNIVER	15,748.62	10,378.29	26,126.91	691,886.32	190.27
6012006	20009702	KENT STATE	0.00	5,850.00	5,850.00	390,000.00	107.25
6012006	20010801	LONG ISLAND U	30,000.00	6,225.00	36,225.00	423,999.98	116.60
6012006	20012501	MISSOURI SOUT	0.00	2,520.00	2,520.00	167,999.99	46.20
6012006	20013001	MONTREAT-ANDE	2,600.00	1,194.00	3,794.00	79,600.00	21.89
6012006	20014401	DOMNION UNIV.	140,000.00	18,825.00	158,825.00	1,254,999.99	345.12
6072006	20018701	SUOMI COLLEGE	7,211.12	6,864.40	14,075.52	2,277,588.77	104.39
6012006	20019601	TOUGALOO COLL	5,000.00	1,470.00	6,470.00	98,000.00	26.95
6302006	20023102	VANDERBLT/GEO	35,990.51	3,953.36	39,943.87	263,557.48	72.48
		TOTALS:	236,550.25	57,280.05	293,830.30	5,647,632.53	1,031.15
							—
							1,031.15

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of June 1, 2006 through June 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest 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 June 1, 2006 through June 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of June 30, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3	880000	10012015
20000401	UNIVERSITY OF ALFRED	3	92000	11012007
20000601	ALMA COLLEGE	3	200000	4012010
20000902	ANDERSON COLLEGE	3	100000	3012010
20001201	ATLANTIC UNION COLLEGE	3	162194.44	5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3	880000	4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3	523000	4012017
20001901	BENEDICT COLLEGE SERIES 1974	3	12000	11012006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3	8000	10012006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3	200000	10012010
20002401	BOSTON UNIVERITY	3	676137.7	12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	77000	2012010
20002701	CALIFORNIA STATE UNIVERSITY	3	1170000	11012012
20002801	CARNEGIE MELLON UNIVERSITY	3	412000	11012017
20003001	CASE WESTERN RESERVE UNIVERSIT	3	1235000	4012016
20003901	COLLEGE OF CHARLESTON	3	660000	7012016
20004001	COLLEGE OF ST. THOMAS	3	385000	4012017
20004401	R.I. JR. COLLEGE	3	266000	4012018
20004501	CONCORDIA TEACHERS COLLEGE	3	319999.99	5012011
20005201	DANIEL WEBSTER COLLEGE	3	230000	4012019
20006401	EMPORIA STATE UNIVERSITY	3	125000	4012009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3	84500.47	11012020
20006801	FLORIDA ATLANTIC UNIVERSITY	3	45000	7012006
20007201	FOOTHILL COLLEGE	3	20000	10012006
20008201	HAMPSHIRE COLLEGE	3	34000	11012006
20008301	HARCUM COLLEGE	3	460000	11012015
20009201	JACKSON STATE COLLEGE	3	50000	1012007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3	388000	4012019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3	100000	8012009
20010801	LONG ISLAND UNIVERSITY	3	393999.98	6012016
20012101	MIDDLEBURY COLLEGE	3	850000	4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3	30000	7012008
20012501	MISSOURI SOUTHERN STATE COLLEG	3	167999.99	12012008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3	100000	10012008
20012901	MONTEREY PENINSULA JR. COLLEGE	3	215000	10012018
20013001	MONTREAT-ANDERSON COLLEGE	3	77000	12012019
20013301	MORRIS COLLEGE - BONDS 1983	3	563000	11012013
20013501	NEW ENGLAND COLLEGE	3.625	231999.99	10012013
20013502	NEW ENGLAND COLLEGE	3	705000	4012019
20013801	NORTH CAROLINA STATE UNIVERSITY	3	140000	9012006
20014401	OLD DOMINION UNIVERSITY	3	1114999.99	6012013
20016101	RIVERSIDE HOSPITAL	3	19000	4012007
20016201	RIVIER COLLEGE	3.625	383000	4012014
20016401	CALIFORNIA STATE UNIVERSITY	3	305000	11012021
20016501	CALIFORNIA STATE UNIVERSITY	3	640000	11012021
20016601	SARAH LAWRENCE COLLEGE	3	847272.51	11012021
20017801	SPRINGFIELD COLLEGE	3	76708.92	5012011
20018001	ST.EDWARDS UNIVERSITY	3.625	109000	4012013
20018302	ST. MICHAELS COLLEGE	3	30000	4012008
20018601	STILLMAN COLLEGE	3	2000	2012007
20018701	FINLANDIA UNIVERSITY	3.5	2270377.65	8062014
20018801	SUSQUEHANNA UNIVERSITY	3	20000	11012006
20018802	SUSQUEHANNA UNIVERSITY	3.625	260000	11012014
20018901	SWARTHMORE COLLEGE	3	81478.71	11012013

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20019101	TAYLOR UNIVERISTY	3	285000	10012010
20019201	TEMPLE UNIVERSITY	3.375	298000	11012014
20019401	TEXAS STATE COLLEGE	3	35000	4012007
20019502	TEXAS TECH. UNIVERSITY	3.625	383000	3012013
20019504	TEXAS TECH. UNIVERSITY	3.375	2420000	3012012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3	93000	6012021
20020001	UNIVERSITY OF ALABAMA	3	1346000	5012021
20021001	UNIVERSITY OF HAWAII AT MANOA	3	135000	10012006
20021301	UNIVERSITY OF MONTEVALLO	3	191000	5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	79000	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	945000	1012018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3	1190000	4012018
20022601	UNIVERSITY OF STEUBENVILLE	3.375	145000	4012012
20022602	UNIVERSITY OF STEUBENVILLE	3	218000	4012017
20022701	UNIVERSITY OF VERMONT	3	2032000	10012019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3	227566.97	6302009
20023501	WESTERN MARYLAND COLLEGE	3	910000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	40000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	395000	10012017
			30,795,237.31

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of June 30, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006

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

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of June 30, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
None to report for this period
TOTAL			—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of June 30, 2006

None to report for this period

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report for June 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
20060601	6012005	20010801	LONG ISLAND UNIVERSITY	30,000.00	6,225.00	36,225.00	423,999.98	8,999.98	—	—	8,999.98
20060601	6012006	20010801	LONG ISLAND UNIVERSITY					21,000.02	6,225.00	—	27,225.02
20060601	6012006	20012501	MISSOURI SOUTHERN STATE COLLEG	—	2,520.00	2,520.00	167,999.99	—	2,520.00	—	2,520.00
20060601	6012006	20014401	OLD DOMINION UNIVERSITY	140,000.00	18,825.00	158,825.00	1,254,999.99	140,000.00	18,825.00	—	158,825.00
System Credits												197,570.00
System Debits
Bank Credit 06/02/06
Bank Debit 06/02/06
Trustee Wire 06/02/06
20060606	6012006	20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	5,000.00	1,470.00	6,470.00	98,000.00	5,000.00	1,470.00	—	6,470.00
System Credits												6,470.00
System Debits
Bank Credit 06/05/06													197,570.00
Bank Debit 06/05/06
Trustee Wire 06/05/06														197,570.00
20060607	6072006	20018701	FINLANDIA UNIVERSITY	7,211.12	6,864.40	14,075.52	2,277,588.77	7,211.12	6,864.40	—	14,075.52
System Credits												14,075.52
System Debits
Bank Credit 06/08/06													6,470.00
Bank Debit 06/08/06 (Svc Fees)															2,323.51
Trustee Wire 06/08/06														4,146.49
Bank Credit 06/09/06												14,075.52
Bank Debit 06/09/06 (Svc Fees)
Trustee Wire 06/09/06													14,075.52
20060615	6302006	20023102	VANDERBILT UNIV - 1979 MAYFIELD	35,990.51	3,953.36	39,943.87	263,557.48	35,990.51	3,953.36	—	39,943.87
System Credits												39,943.87
System Debits
Bank Credit 6/16/06
Bank Debit 6/16/06
Trustee Wire 6/16/06
System Credits												—
System Debits
Bank Credit 06/19/06													39,943.87
Bank Debit 06/19/06
Trustee Wire 06/19/06														39,943.87
20060630	6302006	20002401	BOSTON UNIVERITY	15,748.62	10,378.29	26,126.91	691,886.32	15,748.62	10,378.29	—	26,126.91
20060630	0	20002401	BOSTON UNIVERITY					—	—	0.01	0.01
System Credits												26,126.92
System Debits
Bank Credit 07/03/06
Bank Debit 07/03/06
Trustee Wire 07/03/06
			TOTALS:	233,950.25	50,236.05	284,186.30	5,178,032.53	233,950.25	50,236.05	0.01	284,186.31	284,186.31	258,059.39	255,735.88	2,323.51
Loans Due in Current Period and Paid in Prior Period:
1/4/2006	6012006	20009702	KENT STATE	—	5,850.00	5,850.00	390,000.00
5/19/2006	6012006	20013001	MONTREAT-ANDE	2,600.00	1,194.00	3,794.00	79,600.00
			TOTALS:	2,600.00	7,044.00	9,644.00	469,600.00
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	236,550.25	57,280.05	293,830.30	5,647,632.53

College and University Loan Trust I

Remittance Report Reconciliation

June-06

Total System Credits @ 5/31		284,186.31
Total Bank Credits @ 5/31		258,059.39
07/03/06	Funds in transit	26,126.92
	ACH Correction
	escrow held payment
	Reserve Deposit (Finlandia College)	—
Adjusted Bank Credits:		284,186.31
		—

GMAC Commercial Mortgage

College and University Loan Trust I

Remittance Report Reconciliation

June-06

Total Bank Credits @ 5/31	258,059.39
Total Debits to Trustee@ 5/31	255,735.88
Service Fees	2,323.51
ACH Correction
Payment Reversal
Adjusted Debits to Trustee	258,059.39
	—

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of July 1, 2006 through July 31, 2006

Collections:
Principal Payments	136,453.60
Interest Payments	35,256.92
Total Principal and Interest Collections	171,710.52
Payments and Reversals Posted to Suspense	—
Total Collections	171,710.52
Less: Servicing Fees (not withheld from remittances)	(376.73	)
Net Collections	171,333.79

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of July 1, 2006 through July 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
7012006	20003901	COLL. OF CHAR	55,000.00	9,900.00	64,900.00	660,000.00	181.50
7012006	20006801	FLORIDA ATLAN	45,000.00	675.00	45,675.00	45,000.00	12.38
7012006	20009201	JACKSON ST.	0.00	750.00	750.00	50,000.00	13.75
7012006	20012401	MISSISSIPPI V	10,000.00	450.00	10,450.00	39,999.99	11.00
7072006	20018701	SUOMI COLLEGE	7,453.59	6,621.93	14,075.52	2,270,377.65	104.06
7012006	20021401	U OF NEBRASKA	5,000.00	1,185.00	6,185.00	79,000.00	21.73
7012006	20021603	NORTH CAROLIN	0.00	14,175.00	14,175.00	945,000.00	43.31
		TOTALS:	122,453.59	33,756.93	156,210.52	4,089,377.64	387.73
							(11.00	)
							376.73

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of July 1, 2006 through July 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20006801	07/03/06	45,675.00	45,000.00	675.00	—	07/01/06
	TOTAL:	45,675.00	45,000.00	675.00	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of July 1, 2006 through July 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of July 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3	880000	10012015
20000401	UNIVERSITY OF ALFRED	3	92000	11012007
20000601	ALMA COLLEGE	3	200000	4012010
20000902	ANDERSON COLLEGE	3	100000	3012010
20001201	ATLANTIC UNION COLLEGE	3	162194.44	5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3	880000	4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3	523000	4012017
20001901	BENEDICT COLLEGE SERIES 1974	3	12000	11012006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3	8000	10012006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3	200000	10012010
20002401	BOSTON UNIVERITY	3	676137.7	12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	77000	2012010
20002701	CALIFORNIA STATE UNIVERSITY	3	1170000	11012012
20002801	CARNEGIE MELLON UNIVERSITY	3	412000	11012017
20003001	CASE WESTERN RESERVE UNIVERSIT	3	1235000	4012016
20003901	COLLEGE OF CHARLESTON	3	605000	7012016
20004001	COLLEGE OF ST. THOMAS	3	385000	4012017
20004401	R.I. JR. COLLEGE	3	266000	4012018
20004501	CONCORDIA TEACHERS COLLEGE	3	319999.99	5012011
20005201	DANIEL WEBSTER COLLEGE	3	230000	4012019
20006401	EMPORIA STATE UNIVERSITY	3	125000	4012009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3	84500.47	11012020
20007201	FOOTHILL COLLEGE	3	20000	10012006
20008201	HAMPSHIRE COLLEGE	3	34000	11012006
20008301	HARCUM COLLEGE	3	460000	11012015
20009201	JACKSON STATE COLLEGE	3	50000	1012007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3	388000	4012019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3	76000	8012009
20010801	LONG ISLAND UNIVERSITY	3	393999.98	6012016
20012101	MIDDLEBURY COLLEGE	3	850000	4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3	29999.99	7012008
20012501	MISSOURI SOUTHERN STATE COLLEG	3	167999.99	12012008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3	100000	10012008
20012901	MONTEREY PENINSULA JR. COLLEGE	3	215000	10012018
20013001	MONTREAT-ANDERSON COLLEGE	3	77000	12012019
20013301	MORRIS COLLEGE - BONDS 1983	3	563000	11012013
20013501	NEW ENGLAND COLLEGE	3.625	231999.99	10012013
20013502	NEW ENGLAND COLLEGE	3	705000	4012019
20013801	NORTH CAROLINA STATE UNIVERSITY	3	140000	9012006
20014401	OLD DOMINION UNIVERSITY	3	1114999.99	6012013
20016101	RIVERSIDE HOSPITAL	3	19000	4012007
20016201	RIVIER COLLEGE	3.625	383000	4012014
20016401	CALIFORNIA STATE UNIVERSITY	3	305000	11012021
20016501	CALIFORNIA STATE UNIVERSITY	3	640000	11012021
20016601	SARAH LAWRENCE COLLEGE	3	847272.51	11012021
20017801	SPRINGFIELD COLLEGE	3	76708.92	5012011
20018001	ST.EDWARDS UNIVERSITY	3.625	109000	4012013
20018302	ST. MICHAELS COLLEGE	3	30000	4012008
20018601	STILLMAN COLLEGE	3	2000	2012007
20018701	FINLANDIA UNIVERSITY	3.5	2262924.06	8062014
20018801	SUSQUEHANNA UNIVERSITY	3	20000	11012006
20018802	SUSQUEHANNA UNIVERSITY	3.625	260000	11012014
20018901	SWARTHMORE COLLEGE	3	81478.71	11012013
20019101	TAYLOR UNIVERISTY	3	285000	10012010

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20019201	TEMPLE UNIVERSITY	3.375	298000	11012014
20019401	TEXAS STATE COLLEGE	3	35000	4012007
20019502	TEXAS TECH. UNIVERSITY	3.625	383000	3012013
20019504	TEXAS TECH. UNIVERSITY	3.375	2420000	3012012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3	93000	6012021
20020001	UNIVERSITY OF ALABAMA	3	1346000	5012021
20021001	UNIVERSITY OF HAWAII AT MANOA	3	135000	10012006
20021301	UNIVERSITY OF MONTEVALLO	3	191000	5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	74000	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	945000	1012018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3	1190000	4012018
20022601	UNIVERSITY OF STEUBENVILLE	3.375	145000	4012012
20022602	UNIVERSITY OF STEUBENVILLE	3	218000	4012017
20022701	UNIVERSITY OF VERMONT	3	2032000	10012019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3	227566.97	6302009
20023501	WESTERN MARYLAND COLLEGE	3	910000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	40000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	395000	10012017
			30,658,783.71

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014

3

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

4

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of July 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COL	11/01/05	17,510.00	34,000.00
20010801	LONG ISLAND U	06/01/06	8,999.98	393,999.98
TOTAL			26,509.98	427,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of July 31, 2006

None to report for this period

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report for July 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
System Credits 7/1
System Debits 7/1
Bank Credit 7/1
Bank Debit 7/1
Trustee Wire 7/1
System Credits 7/2
System Debits 7/2
Bank Credit 7/2
Bank Debit 7/2
Trustee Wire 7/2
07/03/06	07/01/06	20006801	FLORIDA ATLANTIC UNIVERSITY	45,000.00	675.00	45,675.00	45,000.00	45,000.00	675.00	—	45,675.00
07/03/06	07/01/06	20021603	UNIVERSITY OF NORTH CAROLINA	—	14,175.00	14,175.00	945,000.00	—	14,175.00	—	14,175.00
System Credits 7/3												59,850.00
System Debits 7/3
Bank Credit 7/3													26,126.92
Bank Debit 7/3
Trustee Wire 7/3														26,126.92
System Credits 7/4
System Debits 7/4
Bank Credit 7/4
Bank Debit 7/4
Trustee Wire 7/4
07/05/06	07/01/06	20003901	COLLEGE OF CHARLESTON	55,000.00	9,900.00	64,900.00	660,000.00	55,000.00	9,900.00	—	64,900.00
07/05/06	07/01/06	20012401	MISSISSIPPI VALLEY ST. COLLEGE	10,000.00	450.00	10,450.00	39,999.99	0.01	449.99	—	450.00
System Credits 7/5												65,350.00
System Debits 7/5
Bank Credit 7/5													59,850.00
Bank Debit 7/5
Trustee Wire 7/5														59,850.00
07/06/06	11/01/05	20008201	HAMPSHIRE COLLEGE					—	255.00	—	255.00
07/06/06	07/01/06	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	5,000.00	1,185.00	6,185.00	79,000.00	5,000.00	1,185.00	—	6,185.00
System Credits 7/6												6,440.00
System Debits 7/6
Bank Credit 7/6													65,350.00
Bank Debit 7/6 (Service Fee)															1,031.15
Trustee Wire 7/6														64,318.85
07/07/06	07/07/06	20018701	FINLANDIA UNIVERSITY	7,453.59	6,621.93	14,075.52	2,270,377.65	7,453.59	6,621.93	—	14,075.52
System Credits 7/7												14,075.52
System Debits 7/7
Bank Credit 7/7													6,440.00
Bank Debit 7/7
Trustee Wire 7/7														6,440.00
System Credits 7/8
System Debits 7/8
Bank Credit 7/8
Bank Debit 7/8
Trustee Wire 7/8
System Credits 7/9
System Debits 7/9
Bank Credit 7/9
Bank Debit 7/9
Trustee Wire 7/9
System Credits 7/10
System Debits 7/10
Bank Credit 7/10													14,075.52
Bank Debit 7/10
Trustee Wire 7/10														14,075.52
System Credits 7/11
System Debits 7/11
Bank Credit 7/11
Bank Debit 7/11
Trustee Wire 7/11

System Credits 7/12

System Debits 7/12

Bank Credit 7/12

Bank Debit 7/12

Trustee Wire 7/12

System Credits 7/13

System Debits 7/13

Bank Credit 7/13

Bank Debit 7/13

Trustee Wire 7/13

System Credits 7/14

System Debits 7/14

Bank Credit 7/14

Bank Debit 7/14

Trustee Wire 7/14

System Credits 7/15

System Debits 7/15

Bank Credit 7/15

Bank Debit 7/15

Trustee Wire 7/15

System Credits 7/16

System Debits 7/16

Bank Credit 7/16

Bank Debit 7/16

Trustee Wire 7/16

07/17/06

11/01/05

20008201

HAMPSHIRE COLLEGE

—

(255.00

)

—

(255.00

)

System Credits 7/17

System Debits 7/17

(255.00

)

Bank Credit 7/17

Bank Debit 7/17

Trustee Wire 7/17

07/18/06

07/01/06

20009201

JACKSON STATE COLLEGE

—

750.00

750.00

50,000.00

—

750.00

—

750.00

System Credits 7/18

750.00

System Debits 7/18

Bank Credit 7/18

Bank Debit 7/18 (Payment Reversal)

255.00

Trustee Wire 7/18

System Credits 7/19

System Debits 7/19

Bank Credit 7/19

750.00

Bank Debit 7/19

Trustee Wire 7/19

495.00

System Credits 7/20

System Debits 7/20

Bank Credit 7/20

Bank Debit 7/20

Trustee Wire 7/20

System Credits 7/21

System Debits 7/21

Bank Credit 7/21

Bank Debit 7/21

Trustee Wire 7/21

System Credits 7/22

System Debits 7/22

Bank Credit 7/22

Bank Debit 7/22

Trustee Wire 7/22

System Credits 7/23

System Debits 7/23

Bank Credit 7/23

Bank Debit 7/23

Trustee Wire 7/23

System Credits 7/24

System Debits 7/24

Bank Credit 7/24

Bank Debit 7/24

Trustee Wire 7/24

System Credits 7/25

System Debits 7/25

Bank Credit 7/25

Bank Debit 7/25

Trustee Wire 7/25

System Credits 7/26

System Debits 7/26

Bank Credit 7/26

Bank Debit 7/26

Trustee Wire 7/26

System Credits 7/27

System Debits 7/27

Bank Credit 7/27

Bank Debit 7/27

Trustee Wire 7/27

System Credits 7/28

System Debits 7/28

Bank Credit 7/28

Bank Debit 7/28

Trustee Wire 7/28

System Credits 7/29

System Debits 7/29

Bank Credit 7/29

Bank Debit 7/29

Trustee Wire 7/29

System Credits 7/30

System Debits 7/30

Bank Credit 7/30

Bank Debit 7/30

Trustee Wire 7/30

07/31/06

08/01/06

20010301

LAREDO MUNICIPAL JR. COLLEGE

24,000.00

1,500.00

—

25,500.00

System Credits 7/31

25,500.00

System Debits 7/31

Bank Credit 7/31

Bank Debit 7/31

Trustee Wire 7/31

TOTALS:

122,453.59

33,756.93

156,210.52

4,089,377.64

136,453.60

35,256.92

—

171,710.52

171,710.52

172,592.44

171,306.29

1,286.15

Loans Due in Current Period and Paid in Prior Period:

None

TOTALS:

—

—

—

—

Loans Due in Current Period Not Yet Paid:

None

TOTALS:

—

—

—

—

GRAND TOTAL:

122,453.59

33,756.93

156,210.52

4,089,377.64

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

July-06

Total System Credits @ 7/31		171,710.52
Total Bank Credits @ 7/31		172,592.44
07/03/06	Funds in Transit	(26,126.92	)
07/17/06	Payment Reversal	(255.00	)
07/31/06	Funds in Transit	25,500.00
Adjusted Bank Credits:		171,710.52
		—

Total Bank Credits @ 7/31		172,592.44
Total Debits to Trustee@ 7/31		171,306.29
07/06/06	Service Fees	1,031.15
07/18/06	Payment Reversal	255.00
Adjusted Debits to Trustee		172,592.44
		—

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of August 1, 2006 through August 31, 2006

Collections:
Principal Payments	26,255.31
Interest Payments	8,005.21
Total Principal and Interest Collections	34,260.52
Payments and Reversals Posted to Suspense	(0.01	)
Total Collections	34,260.51
Less:  Servicing Fees (not withheld from remittances)	(152.95	)
Net Collections	34,107.56

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of August 1, 2006 through August 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
8012006	20002501	BRYAN COLLEGE	9,000.00	1,155.00	10,155.00	77,000.00	21.18
8012006	20010301	LAREDO MUN. J	24,000.00	1,500.00	25,500.00	100,000.00	27.50
8012006	20018601	STILLMAN COLL	0.00	30.00	30.00	2,000.00	0.55
8072006	20018701	SUOMI COLLEGE	7,255.32	6,820.20	14,075.52	2,262,924.06	103.72	Divide by 12
		TOTALS:	40,255.32	9,505.20	49,760.52	2,441,924.06	152.95
							152.95	Service Fees due for July 06

1

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of August 1, 2006 through August 31, 2006

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

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of August 1, 2006 through August 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of August 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3	880000	10012015
20000401	UNIVERSITY OF ALFRED	3	92000	11012007
20000601	ALMA COLLEGE	3	200000	4012010
20000902	ANDERSON COLLEGE	3	100000	3012010
20001201	ATLANTIC UNION COLLEGE	3	162194.44	5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3	880000	4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3	523000	4012017
20001901	BENEDICT COLLEGE SERIES 1974	3	12000	11012006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3	8000	10012006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3	200000	10012010
20002401	BOSTON UNIVERITY	3	676137.7	12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	68000	2012010
20002701	CALIFORNIA STATE UNIVERSITY	3	1170000	11012012
20002801	CARNEGIE MELLON UNIVERSITY	3	412000	11012017
20003001	CASE WESTERN RESERVE UNIVERSIT	3	1235000	4012016
20003901	COLLEGE OF CHARLESTON	3	605000	7012016
20004001	COLLEGE OF ST.  THOMAS	3	385000	4012017
20004401	R.I. JR. COLLEGE	3	266000	4012018
20004501	CONCORDIA TEACHERS COLLEGE	3	319999.99	5012011
20005201	DANIEL WEBSTER COLLEGE	3	230000	4012019
20006401	EMPORIA STATE UNIVERSITY	3	125000	4012009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3	84500.47	11012020
20007201	FOOTHILL COLLEGE	3	20000	10012006
20008201	HAMPSHIRE COLLEGE	3	34000	11012006
20008301	HARCUM COLLEGE	3	460000	11012015
20009201	JACKSON STATE COLLEGE	3	50000	1012007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3	388000	4012019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3	76000	8012009
20010801	LONG ISLAND UNIVERSITY	3	393999.98	6012016
20012101	MIDDLEBURY COLLEGE	3	850000	4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3	20000	7012008
20012501	MISSOURI SOUTHERN STATE COLLEG	3	167999.99	12012008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3	100000	10012008
20012901	MONTEREY PENINSULA JR. COLLEGE	3	215000	10012018
20013001	MONTREAT-ANDERSON COLLEGE	3	77000	12012019
20013301	MORRIS COLLEGE - BONDS 1983	3	563000	11012013
20013501	NEW ENGLAND COLLEGE	3.625	231999.99	10012013
20013502	NEW ENGLAND COLLEGE	3	705000	4012019
20013801	NORTH CAROLINA STATE UNIVERSITY	3	140000	9012006
20014401	OLD DOMINION UNIVERSITY	3	1114999.99	6012013
20016101	RIVERSIDE HOSPITAL	3	19000	4012007
20016201	RIVIER COLLEGE	3.625	383000	4012014
20016401	CALIFORNIA STATE UNIVERSITY	3	305000	11012021
20016501	CALIFORNIA STATE UNIVERSITY	3	640000	11012021
20016601	SARAH LAWRENCE COLLEGE	3	847272.51	11012021
20017801	SPRINGFIELD COLLEGE	3	76708.92	5012011
20018001	ST.EDWARDS UNIVERSITY	3.625	109000	4012013
20018302	ST. MICHAELS COLLEGE	3	30000	4012008
20018601	STILLMAN COLLEGE	3	2000	2012007
20018701	FINLANDIA UNIVERSITY	3.5	2255668.74	8062014
20018801	SUSQUEHANNA UNIVERSITY	3	20000	11012006
20018802	SUSQUEHANNA UNIVERSITY	3.625	260000	11012014
20018901	SWARTHMORE COLLEGE	3	81478.71	11012013
20019101	TAYLOR UNIVERISTY	3	285000	10012010

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20019201	TEMPLE UNIVERSITY	3.375	298000	11012014
20019401	TEXAS STATE COLLEGE	3	35000	4012007
20019502	TEXAS TECH. UNIVERSITY	3.625	383000	3012013
20019504	TEXAS TECH. UNIVERSITY	3.375	2420000	3012012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3	93000	6012021
20020001	UNIVERSITY OF ALABAMA	3	1346000	5012021
20021001	UNIVERSITY OF HAWAII AT MANOA	3	135000	10012006
20021301	UNIVERSITY OF MONTEVALLO	3	191000	5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	74000	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	945000	1012018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3	1190000	4012018
20022601	UNIVERSITY OF STEUBENVILLE	3.375	145000	4012012
20022602	UNIVERSITY OF STEUBENVILLE	3	218000	4012017
20022701	UNIVERSITY OF VERMONT	3	2032000	10012019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3	227566.97	6302009
20023501	WESTERN MARYLAND COLLEGE	3	910000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	40000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	395000	10012017
			30,632,528.40

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	383,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,420,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	Totals:		73,330,569.51

GMAC Commercial Mortgage

College & Trust Facility Loan Trust

Delinquency Report (60+Days)

As of August 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COL	11/01/05	17,765.00	34,000.00
20010801	LONG ISLAND U	06/01/06	8,999.98	393,999.98
TOTAL			26,764.98	427,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of August 31, 2006

None to report for this period

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report for August 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense		Total Paid		Net System Credits		Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
08/01/06	08/01/06	20002501	WILLIAM JENNINGS BRYAN COLLEGE	9,000.00	1,155.00	10,155.00	77,000.00	9,000.00	1,155.00	—		10,155.00
08/01/06	07/01/06	20012401	MISSISSIPPI VALLEY ST. COLLEGE					9,999.99	—	—		9,999.99
08/01/06	07/01/06	20012401	MISSISSIPPI VALLEY ST. COLLEGE					—	0.01	—		0.01
08/01/06	08/01/06	20018601	STILLMAN COLLEGE	—	30.00	30.00	2,000.00	—	30.00	—		30.00
System Credits 8/1														20,185.00
System Debits 8/1
Bank Credit 8/1																25,500.00
Bank Debit 8/1
Trustee Wire 8/1																	25,500.00
System Credits 8/2														—
System Debits 8/2
Bank Credit 8/2																20,185.00
Bank Debit 8/2
Trustee Wire 8/2																	20,185.00
08/07/06	08/07/06	20018701	FINLANDIA UNIVERSITY	7,255.32	6,820.20	14,075.52	2,262,924.06	7,255.32	6,820.20	—		14,075.52
System Credits 8/8														14,075.52
System Debits 8/8
Bank Credit 8/8																14,075.52
Bank Debit 8/8																		376.73
Trustee Wire 8/8																	13,698.79
08/22/06		20002401	BOSTON UNIVERITY					—	—	(0.01	)	(0.01	)
08/22/06	06/30/06	20002401	BOSTON UNIVERITY					—	—	—
System Credits 8/23														(0.01	)
System Debits 8/23
Bank Credit 8/23 (Funded by Capmark)														0.01
Bank Debit 8/23
Trustee Wire 8/23
			TOTALS:	16,255.32	8,005.20	24,260.52	2,341,924.06	26,255.31	8,005.21	(0.01	)	34,260.51		34,260.52		59,760.52	59,383.79	376.73
Loans Due in Current Period and Paid in Prior Period:
	8012006	20010301	LAREDO MUN. J	24,000.00	1,500.00	25,500.00	100,000.00
			TOTALS:	24,000.00	1,500.00	25,500.00	100,000.00
Loans Due in Current Period Not Yet Paid:
None
			TOTALS:	—	—	—	—
			GRAND TOTAL:	40,255.32	9,505.20	49,760.52	2,441,924.06

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

August-06

Total System Credits @ 8/31	34,260.52
Total Bank Credits @ 8/31	59,760.52
08/01/06  Funds in Transit	(25,500.00	)
Adjusted Bank Credits:	34,260.52
	—

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

August-06

Total Bank Credits @ 8/31	59,760.52
Total Debits to Trustee @ 8/31	59,383.79
08/09/06  Service Fees	376.73
Adjusted Debits to Trustee	59,760.52
	—

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Period of September 1, 2006 through September 30, 2006

Collections:
Principal Payments	167,277.19
Interest Payments	58,477.70
Total Principal and Interest Collections	225,754.89
Payments and Reversals Posted to Suspense	—
Total Collections	225,754.89
Less: Servicing Fees (not withheld from remittances)	(1,118.96	)
Net Collections	224,635.93

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of September 1, 2006 through September 30, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
9012006	20000902	ANDERSON COLL	0.00	1,500.00	1,500.00	100,000.00	27.50
9012006	20013801	NORTH CAROLIN	140,000.00	2,100.00	142,100.00	140,000.00	38.50
9072006	20018701	SUOMI COLLEGE	7,277.19	6,798.33	14,075.52	2,255,668.74	103.38	Divide by 12
9012006	20019502	TEXAS TECH UN	0.00	6,941.87	6,941.87	383,000.00	105.33
9012006	20019504	TEXAS TECH UN	0.00	40,837.50	40,837.50	2,420,000.00	665.50
		TOTALS:	147,277.19	58,177.70	205,454.89	5,298,668.74	940.21
							178.75	020009702 late 11/05 paid 1/06 withhold fee
							1,118.96	Service Fees due for July 06

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of September 1, 2006 through September 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20007201	9/25/2006	20,300.00	20,000.00	300.00		10/1/2006
	TOTAL:	20,300.00	20,000.00	300.00	—

GMAC Commercial Mortgage

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of September 1, 2006 through September 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

As of September 30, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3	880000	10012015
20000401	UNIVERSITY OF ALFRED	3	92000	11012007
20000601	ALMA COLLEGE	3	200000	4012010
20000902	ANDERSON COLLEGE	3	100000	3012010
20001201	ATLANTIC UNION COLLEGE	3	162194.44	5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3	880000	4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3	523000	4012017
20001901	BENEDICT COLLEGE SERIES 1974	3	12000	11012006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3	8000	10012006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3	200000	10012010
20002401	BOSTON UNIVERITY	3	676137.7	12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	68000	2012010
20002701	CALIFORNIA STATE UNIVERSITY	3	1170000	11012012
20002801	CARNEGIE MELLON UNIVERSITY	3	412000	11012017
20003001	CASE WESTERN RESERVE UNIVERSIT	3	1235000	4012016
20003901	COLLEGE OF CHARLESTON	3	605000	7012016
20004001	COLLEGE OF ST. THOMAS	3	385000	4012017
20004401	R.I. JR. COLLEGE	3	266000	4012018
20004501	CONCORDIA TEACHERS COLLEGE	3	319999.99	5012011
20005201	DANIEL WEBSTER COLLEGE	3	230000	4012019
20006401	EMPORIA STATE UNIVERSITY	3	125000	4012009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3	84500.47	11012020
20008201	HAMPSHIRE COLLEGE	3	34000	11012006
20008301	HARCUM COLLEGE	3	460000	11012015
20009201	JACKSON STATE COLLEGE	3	50000	1012007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3	388000	4012019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3	76000	8012009
20010801	LONG ISLAND UNIVERSITY	3	393999.98	6012016
20012101	MIDDLEBURY COLLEGE	3	850000	4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3	20000	7012008
20012501	MISSOURI SOUTHERN STATE COLLEG	3	167999.99	12012008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3	100000	10012008
20012901	MONTEREY PENINSULA JR. COLLEGE	3	215000	10012018
20013001	MONTREAT-ANDERSON COLLEGE	3	77000	12012019
20013301	MORRIS COLLEGE - BONDS 1983	3	563000	11012013
20013501	NEW ENGLAND COLLEGE	3.625	231999.99	10012013
20013502	NEW ENGLAND COLLEGE	3	705000	4012019
20014401	OLD DOMINION UNIVERSITY	3	1114999.99	6012013
20016101	RIVERSIDE HOSPITAL	3	19000	4012007
20016201	RIVIER COLLEGE	3.625	383000	4012014
20016401	CALIFORNIA STATE UNIVERSITY	3	305000	11012021
20016501	CALIFORNIA STATE UNIVERSITY	3	640000	11012021
20016601	SARAH LAWRENCE COLLEGE	3	847272.51	11012021
20017801	SPRINGFIELD COLLEGE	3	76708.92	5012011
20018001	ST.EDWARDS UNIVERSITY	3.625	109000	4012013
20018302	ST. MICHAELS COLLEGE	3	30000	4012008
20018601	STILLMAN COLLEGE	3	2000	2012007
20018701	FINLANDIA UNIVERSITY	3.5	2248391.55	8062014
20018801	SUSQUEHANNA UNIVERSITY	3	20000	11012006
20018802	SUSQUEHANNA UNIVERSITY	3.625	260000	11012014
20018901	SWARTHMORE COLLEGE	3	81478.71	11012013
20019101	TAYLOR UNIVERISTY	3	285000	10012010
20019201	TEMPLE UNIVERSITY	3.375	298000	11012014
20019401	TEXAS STATE COLLEGE	3	35000	4012007

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20019502	TEXAS TECH. UNIVERSITY	3.625	383000	3012013
20019504	TEXAS TECH. UNIVERSITY	3.375	2420000	3012012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3	93000	6012021
20020001	UNIVERSITY OF ALABAMA	3	1346000	5012021
20021001	UNIVERSITY OF HAWAII AT MANOA	3	135000	10012006
20021301	UNIVERSITY OF MONTEVALLO	3	191000	5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	74000	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	945000	1012018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3	1190000	4012018
20022601	UNIVERSITY OF STEUBENVILLE	3.375	145000	4012012
20022602	UNIVERSITY OF STEUBENVILLE	3	218000	4012017
20022701	UNIVERSITY OF VERMONT	3	2032000	10012019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3	227566.97	6302009
20023501	WESTERN MARYLAND COLLEGE	3	910000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	40000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	395000	10012017
			30,465,251.21

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010

3

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

4

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of September 30, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COL	11/01/05	17,765.00	34,000.00
20010801	LONG ISLAND U	06/01/06	8,999.98	393,999.98
TOTAL			26,764.98	427,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

As of September 30, 2006

None to report for this period

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report for September 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
09/01/06	09/01/06	20000902	ANDERSON COLLEGE	—	1,500.00	1,500.00	100,000.00	—	1,500.00	—	1,500.00
09/01/06	09/01/06	20013801	NORTH CAROLINA STATE UNIVERSITY	140,000.00	2,100.00	142,100.00	140,000.00	140,000.00	2,100.00	—	142,100.00
09/01/06	09/01/06	20019502	TEXAS TECH. UNIVERSITY	—	6,941.87	6,941.87	383,000.00	—	6,941.87	—	6,941.87
09/01/06	09/01/06	20019504	TEXAS TECH. UNIVERSITY	—	40,837.50	40,837.50	2,420,000.00	—	40,837.50	—	40,837.50
System Credits 9/1												191,379.37
System Debits 9/1
Bank Credit 9/1													191,379.38
Bank Debit 9/1
Trustee Wire 9/1														191,379.37
System Credits 9/2												—
System Debits 9/2
Bank Credit 9/2
Bank Debit 9/2
Trustee Wire 9/2
09/07/06	09/07/06	20018701	FINLANDIA UNIVERSITY	7,277.19	6,798.33	14,075.52	2,255,668.74	7,277.19	6,798.33	—	14,075.52
System Credits 9/8												14,075.52
System Debits 9/8
Bank Credit 9/8													14,075.52
Bank Debit 9/8 (Service Fee)															152.95
Trustee Wire 9/8														13,922.57
System Credits 9/21												—
System Debits 9/21
Bank Credit 9/21 (Refund too much s/f withheld in March 06)													160.74
Bank Debit 9/21
Trustee Wire 9/21														160.74
09/25/06		20007201	FOOTHILL COLLEGE					20,000.00	300.00	—	20,300.00
System Credits 9/26												20,300.00
System Debits 9/26
Bank Credit 9/26													20,300.00
Bank Debit 9/26
Trustee Wire 9/26														20,300.00
			TOTALS:	147,277.19	58,177.70	205,454.89	5,298,668.74	167,277.19	58,477.70	—	225,754.89	225,754.89	225,915.64	225,762.68	152.95
Loans Due in Current Period and Paid in Prior Period:
None
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
None
			TOTALS:	—	—	—	—
			GRAND TOTAL:	147,277.19	58,177.70	205,454.89	5,298,668.74

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

September-06

Total System Credits @ 9/30		225,754.89
Total Bank Credits @ 9/30		225,915.64
09/21/06	Refund too much s/f withheld in March 06	(160.74	)
09/01/06	Reversal in 8/06 caused overdraft - covered by Capmark	(0.01	)
Adjusted Bank Credits:		225,754.89
		—

Total Bank Credits @ 9/30		225,915.64
Total Debits to Trustee@ 9/30		225,762.68
09/08/06	Service Fees	152.95
09/01/06	Reversal in 8/06 caused overdraft - covered by Capmark	0.01
Adjusted Debits to Trustee		225,915.64
		0.00

Capmark Finance

College and University Loan Trust I

Collection Account Activity Report

For the Period of October 1, 2006 through October 31, 2006

Collections:
Principal Payments	652,370.04
Interest Payments	221,097.03
Total Principal and Interest Collections	873,467.07
Payments and Reversals Posted to Suspense	—
Total Collections	873,467.07
Less: Servicing Fees (not withheld from remittances)	(3,523.57	)
Net Collections	869,943.50

Capmark Finance

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of October 1, 2006 through October 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
10012006	20000101	ALBION COLLEG	80,000.00	13,200.00	93,200.00	880,000.00	242.00
10012006	20000601	ALMA COLLEGE	0.00	3,000.00	3,000.00	200,000.00	55.00
10012006	20001301	AUGSBERG COLL	0.00	13,200.00	13,200.00	880,000.00	242.00
10012006	20002101	BIRMINGHAM SO	8,000.00	120.00	8,120.00	8,000.00	2.20
10012006	20002102	BIRMINGHAM SO	40,000.00	3,000.00	43,000.00	200,000.00	55.00
10012006	20003001	CASE WESTERN	0.00	18,525.00	18,525.00	1,235,000.00	339.63
10012006	20004001	COLL.OF ST. T	0.00	5,775.00	5,775.00	385,000.00	105.88
10012006	20004401	R.I. JR. COLL	10,000.00	3,990.00	13,990.00	266,000.00	73.15
10012006	20006401	KS.ST.TEACHER	0.00	1,875.00	1,875.00	125,000.00	34.38
10012006	20009302	JARVIS CHRIST	0.00	5,820.00	5,820.00	388,000.00	106.70
10012006	20016101	RIVERSIDE HOS	0.00	285.00	285.00	19,000.00	5.23
10012006	20018001	ST.EDWARDS	0.00	1,975.62	1,975.62	109,000.00	29.98
10012006	20021001	UNIV HAWAII	135,000.00	2,025.00	137,025.00	135,000.00	37.13
10012006	20022601	UNIV.OF STEUB	0.00	2,446.88	2,446.88	145,000.00	39.88
10012006	20022602	UNIV.OF STEUB	0.00	3,270.00	3,270.00	218,000.00	59.95
10012006	20005201	DANIEL WEBSTE	0.00	3,450.00	3,450.00	230,000.00	63.25
10012006	20012601	MISSOURI WEST	33,000.00	1,500.00	34,500.00	100,000.00	27.50
10012006	20013501	NEW ENGLAND C	27,000.00	4,205.00	31,205.00	231,999.99	63.80
10012006	20013502	NEW ENGLAND C	0.00	10,575.00	10,575.00	705,000.00	193.88
10012006	20016201	RIVIER COLLEG	0.00	6,941.87	6,941.87	383,000.00	105.33
10012006	20019401	TEXAS COLLEGE	0.00	525.00	525.00	35,000.00	9.63
10012006	20021701	UNIV. OF NOTR	0.00	17,850.00	17,850.00	1,190,000.00	327.25
10012006	20023901	XAVIER UNIV.	25,000.00	5,925.00	30,925.00	395,000.00	108.63
10012006	20012101	MIDDLEBURY CO	40,000.00	12,750.00	52,750.00	850,000.00	233.75
10012006	20018302	ST. MICHAELS	0.00	450.00	450.00	30,000.00	8.25
10012006	20022701	UNIV OF VERMO	62,000.00	30,480.00	92,480.00	2,032,000.00	558.80
10012006	20001401	AZUSA UNIVERS	0.00	7,845.00	7,845.00	523,000.00	143.83
10072006	20018701	SUOMI COLLEGE	7,517.71	6,557.81	14,075.52	2,248,391.55	103.05	Divide by 12
10012006	20012901	MONTEREY JR C	15,000.00	3,225.00	18,225.00	215,000.00	59.13
10012006	20019101	TAYLOR UNIV.	55,000.00	4,275.00	59,275.00	285,000.00	78.38
10012006	20023601	WSTRN WASH. S	20,000.00	600.00	20,600.00	40,000.00	11.00
		TOTALS:	557,517.71	195,662.18	753,179.89	14,686,391.54	3,523.57
							3,523.57	Service Fees due

Capmark Finance

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of October 1, 2006 through October 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20002101	10/02/06	8,120.00	8,000.00	120.00	10/01/06
20021001	10/02/06	137,025.00	135,000.00	2,025.00	10/01/06
	TOTAL:	145,145.00	143,000.00	2,145.00	—

Capmark Finance

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of October 1, 2006 through October 31, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

Capmark Finance

College and University Loan Trust I

Trial Balance

As of October 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3	800000	10012015
20000401	UNIVERSITY OF ALFRED	3	92000	11012007
20000601	ALMA COLLEGE	3	200000	4012010
20000902	ANDERSON COLLEGE	3	100000	3012010
20001201	ATLANTIC UNION COLLEGE	3	158636.92	5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3	880000	4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3	523000	4012017
20001901	BENEDICT COLLEGE SERIES 1974	3	12000	11012006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3	160000	10012010
20002401	BOSTON UNIVERITY	3	676137.7	12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	68000	2012010
20002701	CALIFORNIA STATE UNIVERSITY	3	1170000	11012012
20002801	CARNEGIE MELLON UNIVERSITY	3	412000	11012017
20003001	CASE WESTERN RESERVE UNIVERSIT	3	1235000	4012016
20003901	COLLEGE OF CHARLESTON	3	605000	7012016
20004001	COLLEGE OF ST. THOMAS	3	385000	4012017
20004401	R.I. JR. COLLEGE	3	256000	4012018
20004501	CONCORDIA TEACHERS COLLEGE	3	319999.99	5012011
20005201	DANIEL WEBSTER COLLEGE	3	230000	4012019
20006401	EMPORIA STATE UNIVERSITY	3	125000	4012009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3	84500.47	11012020
20008201	HAMPSHIRE COLLEGE	3	16986.78	11012006
20008301	HARCUM COLLEGE	3	420000	11012015
20009201	JACKSON STATE COLLEGE	3	50000	1012007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3	388000	4012019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3	76000	8012009
20010801	LONG ISLAND UNIVERSITY	3	393999.98	6012016
20012101	MIDDLEBURY COLLEGE	3	810000	4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3	20000	7012008
20012501	MISSOURI SOUTHERN STATE COLLEG	3	167999.99	12012008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3	67000	10012008
20012901	MONTEREY PENINSULA JR. COLLEGE	3	200000	10012018
20013001	MONTREAT-ANDERSON COLLEGE	3	77000	12012019
20013301	MORRIS COLLEGE - BONDS 1983	3	563000	11012013
20013501	NEW ENGLAND COLLEGE	3.625	204999.99	10012013
20013502	NEW ENGLAND COLLEGE	3	705000	4012019
20014401	OLD DOMINION UNIVERSITY	3	1114999.99	6012013
20016101	RIVERSIDE HOSPITAL	3	19000	4012007
20016201	RIVIER COLLEGE	3.625	383000	4012014
20016401	CALIFORNIA STATE UNIVERSITY	3	305000	11012021
20016501	CALIFORNIA STATE UNIVERSITY	3	640000	11012021
20016601	SARAH LAWRENCE COLLEGE	3	824701.86	11012021
20017801	SPRINGFIELD COLLEGE	3	69541.66	5012011
20018001	ST.EDWARDS UNIVERSITY	3.625	109000	4012013
20018302	ST. MICHAELS COLLEGE	3	30000	4012008
20018601	STILLMAN COLLEGE	3	2000	2012007
20018701	FINLANDIA UNIVERSITY	3.5	2240873.84	8062014
20018801	SUSQUEHANNA UNIVERSITY	3	20000	11012006
20018802	SUSQUEHANNA UNIVERSITY	3.625	260000	11012014
20018901	SWARTHMORE COLLEGE	3	76935.03	11012013
20019101	TAYLOR UNIVERISTY	3	230000	10012010
20019201	TEMPLE UNIVERSITY	3.375	298000	11012014
20019401	TEXAS STATE COLLEGE	3	35000	4012007
20019502	TEXAS TECH. UNIVERSITY	3.625	383000	3012013

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20019504	TEXAS TECH. UNIVERSITY	3.375	2420000	3012012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3	93000	6012021
20020001	UNIVERSITY OF ALABAMA	3	1346000	5012021
20021301	UNIVERSITY OF MONTEVALLO	3	191000	5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	74000	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	945000	1012018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3	1190000	4012018
20022601	UNIVERSITY OF STEUBENVILLE	3.375	145000	4012012
20022602	UNIVERSITY OF STEUBENVILLE	3	218000	4012017
20022701	UNIVERSITY OF VERMONT	3	1970000	10012019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3	227566.97	6302009
20023501	WESTERN MARYLAND COLLEGE	3	910000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	20000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	370000	10012017
			29,812,881.17
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	383,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,420,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017

2

Capmark Finance

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of October 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20010801	LONG ISLAND U	06/01/06	8,999.98	393,999.98
TOTAL			8,999.98	393,999.98

Capmark Finance

College and University Loan Trust I

Liquidation Report

As of October 31, 2006

None to report for this period

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report for October 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
10/02/06	10/01/06	20000101	ALBION COLLEGE	80,000.00	13,200.00	93,200.00	880,000.00	80,000.00	13,200.00	—	93,200.00
10/02/06	10/01/06	20000601	ALMA COLLEGE	—	3,000.00	3,000.00	200,000.00	—	3,000.00	—	3,000.00
10/02/06	10/01/06	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	—	13,200.00	13,200.00	880,000.00	—	13,200.00	—	13,200.00
10/02/06		20002101	BIRMINGHAM SOUTHERN COLLEGE	8,000.00	120.00	8,120.00	8,000.00	8,000.00	120.00	—	8,120.00
10/02/06	10/01/06	20002102	BIRMINGHAM SOUTHERN COLLEGE	40,000.00	3,000.00	43,000.00	200,000.00	40,000.00	3,000.00	—	43,000.00
10/02/06	10/01/06	20003001	CASE WESTERN RESERVE UNIVERSIT	—	18,525.00	18,525.00	1,235,000.00	—	18,525.00	—	18,525.00
10/02/06	10/01/06	20004001	COLLEGE OF ST.  THOMAS	—	5,775.00	5,775.00	385,000.00	—	5,775.00	—	5,775.00
10/02/06	10/01/06	20004401	R.I. JR. COLLEGE	10,000.00	3,990.00	13,990.00	266,000.00	10,000.00	3,990.00	—	13,990.00
10/02/06	10/01/06	20006401	EMPORIA STATE UNIVERSITY	—	1,875.00	1,875.00	125,000.00	—	1,875.00	—	1,875.00
10/02/06	10/01/06	20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	—	5,820.00	5,820.00	388,000.00	—	5,820.00	—	5,820.00
10/02/06	10/01/06	20016101	RIVERSIDE HOSPITAL	—	285.00	285.00	19,000.00	—	285.00	—	285.00
10/02/06	10/01/06	20018001	ST.EDWARDS UNIVERSITY	—	1,975.62	1,975.62	109,000.00	—	1,975.62	—	1,975.62
10/02/06	04/01/07	20018001	ST.EDWARDS UNIVERSITY					—	0.01	—	0.01
10/02/06		20021001	UNIVERSITY OF HAWAII AT MANOA	135,000.00	2,025.00	137,025.00	135,000.00	135,000.00	2,025.00	—	137,025.00
10/02/06	10/01/06	20022601	UNIVERSITY OF STEUBENVILLE	—	2,446.88	2,446.88	145,000.00	—	2,446.88	—	2,446.88
10/02/06	10/01/06	20022602	UNIVERSITY OF STEUBENVILLE	—	3,270.00	3,270.00	218,000.00	—	3,270.00	—	3,270.00
System Credits 10/2												351,507.51
System Debits 10/2
Bank Credit 10/2
Bank Debit 10/2
Trustee Wire 10/2
10/03/06	10/01/06	20005201	DANIEL WEBSTER COLLEGE	—	3,450.00	3,450.00	230,000.00	—	3,450.00	—	3,450.00
10/03/06	10/01/06	20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	33,000.00	1,500.00	34,500.00	100,000.00	33,000.00	1,500.00	—	34,500.00
10/03/06	10/01/06	20013501	NEW ENGLAND COLLEGE	27,000.00	4,205.00	31,205.00	231,999.99	27,000.00	4,205.00	—	31,205.00
10/03/06	10/01/06	20013502	NEW ENGLAND COLLEGE	—	10,575.00	10,575.00	705,000.00	—	10,575.00	—	10,575.00
10/03/06	10/01/06	20016201	RIVIER COLLEGE	—	6,941.87	6,941.87	383,000.00	—	6,941.87	—	6,941.87
10/03/06	04/01/07	20016201	RIVIER COLLEGE					—	0.01	—	0.01
10/03/06	10/01/06	20019401	TEXAS STATE COLLEGE	—	525.00	525.00	35,000.00	—	525.00	—	525.00
10/03/06	10/01/06	20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	—	17,850.00	17,850.00	1,190,000.00	—	17,850.00	—	17,850.00
10/03/06	10/01/06	20023901	XAVIER UNIVERSITY OF LOUISIANA	25,000.00	5,925.00	30,925.00	395,000.00	25,000.00	5,925.00	—	30,925.00
System Credits 10/3												135,971.88
System Debits 10/3
Bank Credit 10/3													351,507.51
Bank Debit 10/3
Trustee Wire 10/3														351,507.51
10/04/06	10/01/06	20012101	MIDDLEBURY COLLEGE	40,000.00	12,750.00	52,750.00	850,000.00	40,000.00	12,750.00	—	52,750.00
System Credits 10/4												52,750.00
System Debits 10/4
Bank Credit 10/4													135,971.88
Bank Debit 10/4
Trustee Wire 10/4														135,971.88
10/05/06	10/01/06	20018302	ST. MICHAELS COLLEGE	—	450.00	450.00	30,000.00	—	450.00	—	450.00
10/05/06	10/01/06	20022701	UNIVERSITY OF VERMONT	62,000.00	30,480.00	92,480.00	2,032,000.00	62,000.00	30,480.00	—	92,480.00
System Credits 10/5												92,930.00
System Debits 10/5
Bank Credit 10/5													52,750.00
Bank Debit 10/5 (Service Fee)															1,118.96
Trustee Wire 10/5														51,631.04
10/06/06	10/01/06	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	—	7,845.00	7,845.00	523,000.00	—	7,845.00	—	7,845.00
System Credits 10/6												7,845.00
System Debits 10/6
Bank Credit 10/6													92,930.00
Bank Debit 10/6
Trustee Wire 10/6														92,930.00
10/10/06	10/07/06	20018701	FINLANDIA UNIVERSITY	7,517.71	6,557.81	14,075.52	2,248,391.55	7,517.71	6,557.81	—	14,075.52
System Credits 10/10												14,075.52
System Debits 10/10
Bank Credit 10/10													7,845.00
Bank Debit 10/10
Trustee Wire 10/10														7,845.00

10/11/06	10/01/06	20012901	MONTEREY PENINSULA JR. COLLEGE	15,000.00	3,225.00	18,225.00	215,000.00	15,000.00	3,225.00	—	18,225.00
10/11/06	10/01/06	20019101	TAYLOR UNIVERISTY	55,000.00	4,275.00	59,275.00	285,000.00	55,000.00	4,275.00	—	59,275.00
10/11/06	10/01/06	20023601	WESTERN WASHINGTON STATE COLLEGE	20,000.00	600.00	20,600.00	40,000.00	20,000.00	600.00	—	20,600.00
System Credits 10/11												98,100.00
System Debits 10/11
Bank Credit 10/11													14,075.52
Bank Debit 10/11
Trustee Wire 10/11														14,075.52
10/16/06	11/01/05	20008201	HAMPSHIRE COLLEGE					17,000.00	—	—	17,000.00
10/16/06	11/01/05	20008201	HAMPSHIRE COLLEGE					—	510.00	—	510.00
10/16/06	05/01/06	20008201	HAMPSHIRE COLLEGE					—	255.00	—	255.00
System Credits 10/12												17,765.00
System Debits 10/12
Bank Credit 10/12													98,100.00
Bank Debit 10/12
Trustee Wire 10/12														98,100.00
10/20/06	11/01/06	20016601	SARAH LAWRENCE COLLEGE					22,570.65	12,709.09	—	35,279.74
System Credits 10/17												35,279.74
System Debits 10/17
Bank Credit 10/17													17,765.00
Bank Debit 10/17
Trustee Wire 10/17														17,765.00
10/23/06	11/01/06	20018901	SWARTHMORE COLLEGE					4,543.68	1,222.18	—	5,765.86
System Credits 10/23												5,765.86
System Debits 10/23
Bank Credit 10/23													35,279.74
Bank Debit 10/23
Trustee Wire 10/23														35,279.74
10/30/06	11/01/06	20001201	ATLANTIC UNION COLLEGE					3,557.52	2,432.92	—	5,990.44
10/30/06	11/01/06	20008201	HAMPSHIRE COLLEGE					13.22	255.00	—	268.22
System Credits 10/24												6,258.66
System Debits 10/24
Bank Credit 10/24													5,765.86
Bank Debit 10/24
Trustee Wire 10/24														5,765.86
10/31/06	11/01/06	20008301	HARCUM COLLEGE					40,000.00	6,900.00	—	46,900.00
10/31/06	11/01/06	20017801	SPRINGFIELD COLLEGE					7,167.26	1,150.64	—	8,317.90
System Credits 10/31												55,217.90
System Debits 1031
Bank Credit 10/31													6,258.66
Bank Debit 10/31
Trustee Wire 10/31														6,258.66
			TOTALS:	557,517.71	195,662.18	753,179.89	14,686,391.54	652,370.04	221,097.03	—	873,467.07	873,467.07	818,249.17	817,130.21	1,118.96
Loans Due in Current Period and Paid in Prior Period:
None
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
None
			TOTALS:	—	—	—	—
			GRAND TOTAL:	557,517.71	195,662.18	753,179.89	14,686,391.54

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

October-06

Total System Credits @ 10/31		873,467.07
Total Bank Credits @ 10/31		818,249.17
10/31/06	In Transit	55,217.90
Adjusted Bank Credits:		873,467.07
		—

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

October-06

Total Bank Credits @ 10/31		818,249.17
Total Debits to Trustee@ 10/31		817,130.21
10/05/06	Service Fees	1,118.96
Adjusted Debits to Trustee		818,249.17
		—

Capmark Finance

College and University Loan Trust I

Collection Account Activity Report

For the Period of November 1, 2006 through November 30, 2006

Collections:
Principal Payments	534,255.87
Interest Payments	108,632.50
Total Principal and Interest Collections	642,888.37
Payments and Reversals Posted to Suspense	—
Total Collections	642,888.37
Less: Servicing Fees (not withheld from remittances)	(2,376.47	)
Net Collections	640,511.90

Capmark Finance

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of November 1, 2006 through November 30, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
11012006	20000401	ALFRED UNIVER	45,000.00	1,380.00	46,380.00	92,000.00	25.30
11012006	20001201	ATLANTIC UNIO	3,557.52	2,432.92	5,990.44	162,194.44	44.60
11012006	20001901	THE BENEDICT	12,000.00	180.00	12,180.00	12,000.00	3.30
11012006	20002701	CALIFORNIA ST	150,000.00	17,550.00	167,550.00	1,170,000.00	321.75
11012006	20002801	CARNEGIE-MELL	15,000.00	6,180.00	21,180.00	412,000.00	113.30
11012006	20004501	CONCORDIA TEA	30,000.00	4,800.00	34,800.00	319,999.99	88.00
11012006	20006502	FAIRLEIGH DIC	2,347.31	1,267.51	3,614.82	84,500.47	23.24
11012006	20008201	HAMPSHIRE COL	17,000.00	255.00	17,255.00	17,000.00	4.68
11012006	20008301	HARCUM JR COL	40,000.00	6,900.00	46,900.00	460,000.00	126.50
11012006	20013301	MORRIS COLLEG	63,000.00	8,445.00	71,445.00	563,000.00	154.83
11012006	20016401	CALIFORNIA ST	15,000.00	4,575.00	19,575.00	305,000.00	83.88
11012006	20016501	CALIFORNIA ST	30,000.00	9,600.00	39,600.00	640,000.00	176.00
11012006	20016601	SARAH LAWRENC	22,570.65	12,709.09	35,279.74	847,272.51	233.00
11012006	20017801	SPRINGFIELD C	7,167.26	1,150.64	8,317.90	76,708.92	21.09
11072006	20018701	SUOMI COLLEGE	7,321.78	6,753.74	14,075.52	2,240,873.84	102.71	Divide by 12
11012006	20018801	SUSQUEHANNA U	20,000.00	300.00	20,300.00	20,000.00	5.50
11012006	20018802	SUSQUEHANNA U	25,000.00	4,712.50	29,712.50	260,000.00	71.50
11012006	20018901	SWARTHMORE CO	4,543.68	1,222.18	5,765.86	81,478.71	22.41
11012006	20019201	TEMPLE UNIV.	30,000.00	5,028.75	35,028.75	298,000.00	81.95
11012006	20020001	UNIV. OF ALAB	0.00	20,190.00	20,190.00	1,346,000.00	370.15
11012006	20021301	UNIV OF MONTE	0.00	2,865.00	2,865.00	191,000.00	52.53
11012006	20023501	WSTRN MARYLAN	70,000.00	13,650.00	83,650.00	910,000.00	250.25
		TOTALS:	609,508.20	132,147.33	741,655.53	10,509,028.88	2,376.47
							2,376.47	Service Fees due

1

Capmark Finance

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of November 1, 2006 through November 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20001901	11/01/06	12,180.00	12,000.00	180.00		11/01/06
20008201	11/02/06	16,986.78	16,986.78	—		11/01/06
20018801	11/01/06	20,300.00	20,000.00	300.00		11/01/06
	TOTAL:	49,466.78	48,986.78	480.00	—

Capmark Finance

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of November 1, 2006 through November 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report	—	0.00	0.00	0
	TOTAL:	—	—	—

Capmark Finance

College and University Loan Trust I

Trial Balance

As of November 30, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20000101	ALBION COLLEGE	3	800000	10012015
20000401	UNIVERSITY OF ALFRED	3	47000	11012007
20000601	ALMA COLLEGE	3	200000	4012010
20000902	ANDERSON COLLEGE	3	100000	3012010
20001201	ATLANTIC UNION COLLEGE	3	158636.92	5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3	880000	4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3	523000	4012017
20002102	BIRMINGHAM SOUTHERN COLLEGE	3	160000	10012010
20002401	BOSTON UNIVERITY	3	676137.7	12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	68000	2012010
20002701	CALIFORNIA STATE UNIVERSITY	3	1020000	11012012
20002801	CARNEGIE MELLON UNIVERSITY	3	397000	11012017
20003001	CASE WESTERN RESERVE UNIVERSIT	3	1235000	4012016
20003901	COLLEGE OF CHARLESTON	3	605000	7012016
20004001	COLLEGE OF ST. THOMAS	3	385000	4012017
20004401	R.I. JR. COLLEGE	3	256000	4012018
20004501	CONCORDIA TEACHERS COLLEGE	3	289999.99	5012011
20005201	DANIEL WEBSTER COLLEGE	3	230000	4012019
20006401	EMPORIA STATE UNIVERSITY	3	125000	4012009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3	82153.16	11012020
20008301	HARCUM COLLEGE	3	420000	11012015
20009201	JACKSON STATE COLLEGE	3	50000	1012007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3	388000	4012019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3	76000	8012009
20010801	LONG ISLAND UNIVERSITY	3	393999.98	6012016
20012101	MIDDLEBURY COLLEGE	3	810000	4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3	20000	7012008
20012501	MISSOURI SOUTHERN STATE COLLEG	3	167999.99	12012008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3	67000	10012008
20012901	MONTEREY PENINSULA JR. COLLEGE	3	200000	10012018
20013001	MONTREAT-ANDERSON COLLEGE	3	74400	12012019
20013301	MORRIS COLLEGE - BONDS 1983	3	500000	11012013
20013501	NEW ENGLAND COLLEGE	3.625	204999.99	10012013
20013502	NEW ENGLAND COLLEGE	3	705000	4012019
20014401	OLD DOMINION UNIVERSITY	3	1114999.99	6012013
20016101	RIVERSIDE HOSPITAL	3	19000	4012007
20016201	RIVIER COLLEGE	3.625	383000	4012014
20016401	CALIFORNIA STATE UNIVERSITY	3	290000	11012021
20016501	CALIFORNIA STATE UNIVERSITY	3	610000	11012021
20016601	SARAH LAWRENCE COLLEGE	3	824701.86	11012021
20017801	SPRINGFIELD COLLEGE	3	69541.66	5012011
20018001	ST.EDWARDS UNIVERSITY	3.625	109000	4012013
20018302	ST. MICHAELS COLLEGE	3	30000	4012008
20018601	STILLMAN COLLEGE	3	2000	2012007
20018701	FINLANDIA UNIVERSITY	3.5	2233552.06	8062014
20018802	SUSQUEHANNA UNIVERSITY	3.625	235000	11012014
20018901	SWARTHMORE COLLEGE	3	76935.03	11012013
20019101	TAYLOR UNIVERISTY	3	230000	10012010
20019201	TEMPLE UNIVERSITY	3.375	268000	11012014
20019401	TEXAS STATE COLLEGE	3	35000	4012007
20019502	TEXAS TECH. UNIVERSITY	3.625	383000	3012013
20019504	TEXAS TECH. UNIVERSITY	3.375	2420000	3012012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3	93000	6012021
20020001	UNIVERSITY OF ALABAMA	3	1346000	5012021

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20021301	UNIVERSITY OF MONTEVALLO	3	191000	5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	74000	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	945000	1012018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3	1190000	4012018
20022601	UNIVERSITY OF STEUBENVILLE	3.375	145000	4012012
20022602	UNIVERSITY OF STEUBENVILLE	3	218000	4012017
20022701	UNIVERSITY OF VERMONT	3	1970000	10012019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3	227566.97	6302009
20023501	McDANIEL COLLEGE	3	840000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	20000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	370000	10012017
			29,278,625.30
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	383,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,420,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017

2

Capmark Finance

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of November 30, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20010801	LONG ISLAND U	06/01/06	8,999.98	393,999.98
TOTAL			8,999.98	393,999.98

Capmark Finance

College and University Loan Trust I

Liquidation Report

As of November 30, 2006

None to report for this period

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report for November 2006

Date Received	Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Paid	Interest Paid	Suspense	Total Paid	Net System Credits	Total Bank Credits	First Chicago Wires	ACH Debits and Other Wires
11/01/06	11/01/06	20001901	BENEDICT COLLEGE SERIES 1974					12,000.00	180.00	—	12,180.00
11/01/06	11/01/06	20002701	CALIFORNIA STATE UNIVERSITY					150,000.00	17,550.00	—	167,550.00
11/01/06	11/01/06	20004501	CONCORDIA TEACHERS COLLEGE					30,000.00	4,800.00	—	34,800.00
11/01/06	11/01/06	20006502	FAIRLEIGH DICKINSON UNIVERSITY					2,347.31	1,267.51	—	3,614.82
11/01/06		20008201	HAMPSHIRE COLLEGE					—	—	17,255.00	17,255.00
11/01/06	11/01/06	20013301	MORRIS COLLEGE - BONDS 1983					63,000.00	8,445.00	—	71,445.00
11/01/06	11/01/06	20016401	CALIFORNIA STATE UNIVERSITY					15,000.00	4,575.00	—	19,575.00
11/01/06	11/01/06	20016501	CALIFORNIA STATE UNIVERSITY					30,000.00	9,600.00	—	39,600.00
11/01/06	11/01/06	20018801	SUSQUEHANNA UNIVERSITY					20,000.00	300.00	—	20,300.00
11/01/06	11/01/06	20018802	SUSQUEHANNA UNIVERSITY					25,000.00	4,712.50	—	29,712.50
11/01/06	11/01/06	20019201	TEMPLE UNIVERSITY					30,000.00	5,028.75	—	35,028.75
11/01/06	11/01/06	20021301	UNIVERSITY OF MONTEVALLO					—	2,865.00	—	2,865.00
11/01/06	11/01/06	20023501	WESTERN MARYLAND COLLEGE					70,000.00	13,650.00	—	83,650.00
System Credits 11/1												537,576.07
System Debits 11/1
Bank Credit 11/1													55,217.90
Bank Debit 11/1
Trustee Wire 11/1														55,217.90
System Credits 11/2												—
System Debits 11/2
Bank Credit 11/2													537,576.07
Bank Debit 11/2 (Service Fee)															3,523.57
Trustee Wire 11/2														534,052.50
System Credits 10/4												—
System Debits 10/4
Bank Credit 10/4
Bank Debit 10/4
Trustee Wire 10/4
System Credits 10/5												—
System Debits 10/5
Bank Credit 10/5
Bank Debit 10/5 (Service Fee)
Trustee Wire 10/5
System Credits 10/6												—
System Debits 10/6
Bank Credit 10/6
Bank Debit 10/6
Trustee Wire 10/6
System Credits 10/10												—
System Debits 10/10
Bank Credit 10/10
Bank Debit 10/10
Trustee Wire 10/10

System Credits 10/11										—
System Debits 10/11
Bank Credit 10/11
Bank Debit 10/11
Trustee Wire 10/11
System Credits 10/12										—
System Debits 10/12
Bank Credit 10/12
Bank Debit 10/12
Trustee Wire 10/12
System Credits 10/17										—
System Debits 10/17
Bank Credit 10/17
Bank Debit 10/17
Trustee Wire 10/17
System Credits 10/23										—
System Debits 10/23
Bank Credit 10/23
Bank Debit 10/23
Trustee Wire 10/23
System Credits 10/24										—
System Debits 10/24
Bank Credit 10/24
Bank Debit 10/24
Trustee Wire 10/24
System Credits 10/31										—
System Debits 1031
Bank Credit 10/31
Bank Debit 10/31
Trustee Wire 10/31
	TOTALS:	—	—	—	—	447,347.31	72,973.76	17,255.00	537,576.07	537,576.07	592,793.97	589,270.40	3,523.57
Loans Due in Current Period and Paid in Prior Period:
None
	TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
None
	TOTALS:	—	—	—	—
	GRAND TOTAL:	—	—	—	—

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

November-06

Total System Credits @ 10/31	537,576.07
Total Bank Credits @ 10/31	592,793.97
10/31/06 In Transit	(55,217.90	)
Adjusted Bank Credits:	537,576.07
	—

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

November-06

Total Bank Credits @ 10/31	592,793.97
Total Debits to Trustee@ 10/31	589,270.40
10/05/06 Service Fees	3,523.57
Adjusted Debits to Trustee	592,793.97
	—

GMAC Commercial Mortgage

College and University Loan Trust I

Collection Account Activity Report

For the Quarter Ended March 31, 2006

	January		February		March
Collections:
Principal Payments	646,100.77		28,122.17		452,814.46
Interest Payments	37,394.75		8,453.35		65,459.19
Total Principal and Interest Collections	683,495.52		36,575.52		518,273.65
Payments and Reversals Posted to Suspense	—		(8,120.00	)	—
Total Collections	683,495.52		28,455.52		518,273.65
Less: Servicing Fees (not withheld from remittances)	(673.96	)	(160.74	)	(1,064.63	)
Net Collections	682,821.56		28,294.78		517,209.02

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Quarter Ended March 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
January
1012006	20003901	COLL. OF CHAR	0.00	9,900.00	9,900.00	660,000.00	181.50
1012006	20006801	FLORIDA ATLAN	0.00	675.00	675.00	45,000.00	12.38
1012006	20009201	JACKSON ST.	50,000.00	1,500.00	51,500.00	100,000.00	27.50
1012006	20012401	MISSISSIPPI V	0.00	450.00	450.00	30,000.00	8.25
1012006	20012801	MONTCLAIR COL	0.00	2,055.00	2,055.00	137,000.00	37.68
1072006	20018701	SUOMI COLLEGE	7,100.77	6,974.75	14,075.52	2,314,204.29	106.07
1012006	20021401	U OF NEBRASKA	4,000.00	1,245.00	5,245.00	83,000.00	22.83
1012006	20021603	NORTH CAROLIN	65,000.00	15,150.00	80,150.00	1,010,000.00	277.75
		TOTALS:	126,100.77	37,949.75	164,050.52	4,379,204.29	673.96
February
1012006	20002501	BRYAN COLLEGE	9,000.00	1,290.00	10,290.00	86,000.00	23.65
1012006	20006901	FLORIDA TECH	8,000.00	120.00	8,120.00	8,000.00	2.20
1012006	20010301	LAREDO MUN. J	—	1,500.00	1,500.00	100,000.00	27.50
1012006	20018601	STILLMAN COLL	4,000.00	90.00	4,090.00	6,000.00	1.65
1012006	20018701	SUOMI COLLEGE	7,122.17	6,953.35	14,075.52	2,307,103.52	105.74
1072006	20023101	VANDERBLT/GEO	—	2,308.42	2,308.42	—	0.00
		TOTALS:	28,122.17	12,261.77	40,383.94	2,507,103.52	160.74
March
3012006	20000902	ANDERSON COLL	25,000.00	1,875.00	26,875.00	125,000.00	34.38
3012006	20013801	NORTH CAROLIN	0.00	2,100.00	2,100.00	140,000.00	38.50
3072006	20018701	SUOMI COLLEGE	7,814.46	6,261.06	14,075.52	2,299,981.35	105.42
3012006	20019502	TEXAS TECH UN	45,000.00	7,757.50	52,757.50	428,000.00	117.70
3012006	20019504	TEXAS TECH UN	375,000.00	47,165.63	422,165.63	2,795,000.00	768.63
		TOTALS:	452,814.46	65,159.19	517,973.65	5,787,981.35	1,064.63
		TOTALS FOR QTR	607,037.40	115,370.71	722,408.11	12,674,289.16	1,899.33

GMAC Commercial Mortgage

College and University Loan Trust I

Paid In Full Loan Schedule

For the Quarter Ended March 31, 2006

Loan Number	Payoff Date	Total Amount	Principal Amount	Interest Amount	Other Fees	Maturity Date
20009702	60104	520000	520000	—	—	12012008
20006901	6-02-02	8,120.00	8,000.00	120.00	—	2012006
20009001	98-03-26	38,522.00	38,000.00	522.00	—	980326
20012301	98-03-20	133,814.40	132,000.00	1,814.40	—	980320
20019301	98-01-09	65,531.16	65,000.00	531.16	—	980109
Totals		765,987.56	763,000.00	2,987.56	—

* 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, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report
				—
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

For the Quarter Ended on March 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
20000101	ALBION COLLEGE	3.00	880,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	92,000.00	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	165,699.40	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	12,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	8,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	200,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	691,886.32	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	86,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,170,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	427,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	276,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	349,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	645,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	86,813.09	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20006901	FLORIDA INST OF TECH, INC	3.00	8,000.00	2-01-2006
20007201	FOOTHILL COLLEGE	3.00	20,000.00	10-01-2006
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	460,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	50,000.00	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
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	890,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	167,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	100,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	215,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	79,600.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	563,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	231,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	51,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	305,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	640,000.00	11-01-2021

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
20016601	SARAH LAWRENCE COLLEGE	3.00	869,509.61	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	83,770.27	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	2,307,103.52	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	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	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	TOTALS:		33,161,894.86
February
20000101	ALBION COLLEGE	3.00	880,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	92,000.00	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	165,699.40	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	12,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	8,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	200,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	691,886.32	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	77,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,170,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	427,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	276,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	349,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	645,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	86,813.09	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20007201	FOOTHILL COLLEGE	3.00	20,000.00	10-01-2006
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	460,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	50,000.00	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
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	890,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	167,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	100,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	215,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	79,600.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	563,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	231,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	51,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	305,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	640,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	869,509.61	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	83,770.27	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	2,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,299,981.35	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	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	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	TOTALS:		33,133,772.69
March
20000101	ALBION COLLEGE	3.00	880,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	92,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	245,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	100,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	165,699.40	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	12,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	8,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	200,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	691,886.32	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	77,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,170,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	427,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,335,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	415,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	276,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	349,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	245,000.00	4-01-2019
20005801	DRAKE UNIVERSITY	3.00	645,000.00	10-01-2012
20006401	EMPORIA STATE UNIVERSITY	3.00	170,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	86,813.09	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20007201	FOOTHILL COLLEGE	3.00	20,000.00	10-01-2006
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	460,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	50,000.00	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
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	890,000.00	4-01-2018

4

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	167,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	100,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	215,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	79,600.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	563,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	231,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	750,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	51,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	423,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	305,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	640,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	869,509.61	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	83,770.27	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	2,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,292,166.89	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	85,955.23	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	70,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	383,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,420,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,270,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	166,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	234,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,093,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	TOTALS:		32,680,958.23

5

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

For the Quarter Ended on March 31, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	35,785.00	51,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
TOTAL			44,784.98	474,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

For the Quarter Ended on March 31, 2006

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, 2006

	April		May		June
Collections:
Principal Payments	1,510,942.15		140,828.52		233,950.25
Interest Payments	246,089.38		114,717.51		50,236.05
Total Principal and Interest Collections	1,757,031.53		255,546.03		284,186.30
Payments and Reversals Posted to Suspense	—		—		0.01
Total Collections	1,757,031.53		255,546.03		284,186.31
Less: Servicing Fees (not withheld from remittances)	(3,937.27	)	(2,323.51	)	(1,031.15	)
Net Collections	1,753,094.26		253,222.52		283,155.16

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Quarter Ended June 30, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
April
4012006	20000101	ALBION COLLEG	—	13,200.00	13,200.00	880,000.00	242.00
4012006	20000601	ALMA COLLEGE	45,000.00	3,675.00	48,675.00	245,000.00	67.38
4012006	20001301	AUGSBERG COLL	70,000.00	14,250.00	84,250.00	950,000.00	261.25
4012006	20001401	AZUSA UNIVERS	40,000.00	8,445.00	48,445.00	563,000.00	154.83
4012006	20002101	BIRMINGHAM SO	—	120.00	120.00	8,000.00	2.20
4012006	20002102	BIRMINGHAM SO	—	3,000.00	3,000.00	200,000.00	55.00
4012006	20002201	BLACKS HILLS	—	210.00	210.00	—	—
4012006	20002202	BLACKS HILLS	—	330.00	330.00	22,000.00	6.05
4012006	20003001	CASE WESTERN	100,000.00	20,025.00	120,025.00	1,335,000.00	367.13
4012006	20004001	COLL.OF ST. T	30,000.00	6,225.00	36,225.00	415,000.00	114.13
4012006	20004401	R.I. JR. COLL	10,000.00	4,140.00	14,140.00	276,000.00	75.90
4012006	20005201	DANIEL WEBSTE	15,000.00	3,675.00	18,675.00	245,000.00	67.38
4012006	20005801	DRAKE UNIV.	40,000.00	9,675.00	49,675.00	645,000.00	177.38
4012006	20006401	KS.ST.TEACHER	45,000.00	2,550.00	47,550.00	170,000.00	46.75
4012006	20007201	FOOTHILL JUNI	—	300.00	300.00	20,000.00	5.50
4012006	20007902	GRAMBLING	—	2,625.00	2,625.00	—	—
4012006	20009302	JARVIS CHRIST	25,000.00	6,195.00	31,195.00	413,000.00	113.58
4012006	20009502	SACRED HEART	21,000.00	315.00	21,315.00	21,000.00	5.78
4012006	20010802	LONG ISLAND U	—	1,931.25	1,931.25	—	—
4012006	20012101	MIDDLEBURY CO	40,000.00	13,350.00	53,350.00	890,000.00	244.75
4012006	20012601	MISSOURI WEST	—	1,500.00	1,500.00	100,000.00	27.50
4012006	20012901	MONTEREY JR C	—	3,225.00	3,225.00	215,000.00	59.13
4012006	20013501	NEW ENGLAND C	—	4,205.00	4,205.00	231,999.99	63.80
4012006	20013502	NEW ENGLAND C	45,000.00	11,250.00	56,250.00	750,000.00	206.25
4012006	20016101	RIVERSIDE HOS	32,000.00	765.00	32,765.00	51,000.00	14.03
4012006	20016201	RIVIER COLLEG	40,000.00	7,666.88	47,666.88	423,000.00	116.33
4012006	20016701	SCRIPPS COLLE	—	420.00	420.00	—	—
4012006	20018001	ST.EDWARDS	14,000.00	2,229.38	16,229.38	123,000.00	33.83
4012006	20018302	ST. MICHAELS	25,000.00	825.00	25,825.00	55,000.00	15.13
4072006	20018701	SUOMI COLLEGE	7,167.18	6,908.34	14,075.52	2,292,166.89	105.06
4012006	20019101	TAYLOR UNIV.	—	4,275.00	4,275.00	285,000.00	78.38
4012006	20019401	TEXAS COLLEGE	35,000.00	1,050.00	36,050.00	70,000.00	19.25
4012006	20021001	UNIV HAWAII	—	2,025.00	2,025.00	135,000.00	37.13
4012006	20021701	UNIV. OF NOTR	80,000.00	19,050.00	99,050.00	1,270,000.00	349.25
4012006	20022601	UNIV.OF STEUB	21,000.00	2,801.25	23,801.25	166,000.00	45.65
4012006	20022602	UNIV.OF STEUB	16,000.00	3,510.00	19,510.00	234,000.00	64.35
4012006	20022701	UNIV OF VERMO	61,000.00	31,395.00	92,395.00	2,093,000.00	575.58
4012006	20023601	WSTRN WASH. S	—	600.00	600.00	40,000.00	11.00
4012006	20023901	XAVIER UNIV.	—	5,925.00	5,925.00	395,000.00	108.63
		TOTALS:	857,167.18	223,862.10	1,081,029.28	16,227,166.88	3,937.27
May
5012006	20000401	ALFRED UNIVER	—	1,380.00	1,380.00	92,000.00	25.3
5012006	20001201	ATLANTIC UNIO	3,504.96	2,485.48	5,990.44	165,699.40	45.57
5012006	20001901	THE BENEDICT	—	180.00	180.00	12,000.00	3.3

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
5012006	20002701	CALIFORNIA ST	—	17,550.00	17,550.00	1,170,000.00	321.75
5012006	20002801	CARNEGIE-MELL	15,000.00	6,405.00	21,405.00	427,000.00	117.43
5012006	20004501	CONCORDIA TEA	30,000.00	5,250.00	35,250.00	349,999.99	96.25
5012006	20006502	FAIRLEIGH DIC	2,312.62	1,302.20	3,614.82	86,813.09	23.87
5012006	20008201	HAMPSHIRE COL	—	255.00	255.00	35,275.00	9.7
5012006	20008301	HARCUM JR COL	—	6,900.00	6,900.00	460,000.00	126.5
5012006	20013301	MORRIS COLLEG	—	8,445.00	8,445.00	563,000.00	154.83
5012006	20016401	CALIFORNIA ST	—	4,575.00	4,575.00	305,000.00	83.88
5012006	20016501	CALIFORNIA ST	—	9,600.00	9,600.00	640,000.00	176
5012006	20016601	SARAH LAWRENC	22,237.10	13,042.64	35,279.74	869,509.61	239.12
5012006	20017801	SPRINGFIELD C	7,061.35	1,256.55	8,317.90	83,770.27	23.04
5012006	20018801	SUSQUEHANNA U	—	300.00	300.00	20,000.00	5.5
5012006	20018802	SUSQUEHANNA U	—	4,712.50	4,712.50	260,000.00	71.5
5012006	20018901	SWARTHMORE CO	4,476.52	1,289.34	5,765.86	85,955.23	23.64
5012006	20019201	TEMPLE UNIV.	—	5,028.75	5,028.75	298,000.00	81.95
5012006	20020001	UNIV. OF ALAB	70,000.00	21,240.00	91,240.00	1,416,000.00	389.4
5012006	20021301	UNIV OF MONTE	8,000.00	2,985.00	10,985.00	199,000.00	54.73
5012006	20023501	WSTRN MARYLAN	—	13,650.00	13,650.00	910,000.00	250.25
		TOTALS:	162,592.55	127,832.46	290,425.01	8,449,022.59	2,323.51
June
6302006	20002401	BOSTON UNIVER	15,748.62	10,378.29	26,126.91	691,886.32	190.27
6012006	20009702	KENT STATE	—	5,850.00	5,850.00	390,000.00	107.25
6012006	20010801	LONG ISLAND U	30,000.00	6,225.00	36,225.00	423,999.98	116.6
6012006	20012501	MISSOURI SOUT	0.00	2,520.00	2,520.00	167,999.99	46.2
6012006	20013001	MONTREAT-ANDE	2,600.00	1,194.00	3,794.00	79,600.00	21.89
6012006	20014401	DOMNION UNIV.	140,000.00	18,825.00	158,825.00	1,254,999.99	345.12
6072006	20018701	SUOMI COLLEGE	7,211.12	6,864.40	14,075.52	2,277,588.77	104.39
6012006	20019601	TOUGALOO COLL	5,000.00	1,470.00	6,470.00	98,000.00	26.95
6302006	20023102	VANDERBLT/GEO	35,990.51	3,953.36	39,943.87	263,557.48	958.67
	TOTALS FOR 3rd QTR		1,055,750.24	355,647.92	1,411,398.16	24,939,746.95	7,219.45

GMAC Commercial Mortgage

College and University Loan Trust I

Paid In Full Loan Schedule

For the Quarter Ended June 30, 2006

Loan Number	Payoff Date	Total Amount	Principal Amount	Interest Amount	Other Fees	Maturity Date
20005801	60403	654675	645000	9,675.00	—	10012012
20009502	60403	21,315.00	21,000.00	315.00	—	4012006
Totals		675,990.00	666,000.00	9,990.00	—

* 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 June 30, 2006

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount
None to Report
				—
	TOTAL:	—	—	—

GMAC Commercial Mortgage

College and University Loan Trust I

Trial Balance

For the Quarter Ended on June 30, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
April
20000101	ALBION COLLEGE	3.00	880,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	92,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	200,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	100,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	162,194.44	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	880,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	523,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	12,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	8,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	200,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	691,886.32	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	77,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,170,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	412,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,235,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	385,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	266,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	349,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	230,000.00	4-01-2019
20006401	EMPORIA STATE UNIVERSITY	3.00	125,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	84,500.47	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20007201	FOOTHILL COLLEGE	3.00	20,000.00	10-01-2006
20008201	HAMPSHIRE COLLEGE	3.00	51,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	460,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	50,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	388,000.00	4-01-2019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	850,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	167,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	100,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	215,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	79,600.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	563,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	231,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	705,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	19,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	383,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	305,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	640,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	847,272.51	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	76,708.92	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	109,000.00	4-01-2013

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
April
20018302	ST. MICHAELS COLLEGE	3.00	30,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	2,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,284,999.71	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	81,478.71	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	35,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	383,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,420,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,416,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	199,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,190,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	145,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	218,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,032,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	TOTALS:		31,164,198.50
May
20000101	ALBION COLLEGE	3.00	880,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	92,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	200,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	100,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	162,194.44	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	880,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	523,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	12,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	8,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	200,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	691,886.32	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	77,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,170,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	412,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,235,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	385,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	266,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	319,999.99	5-01-2011

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
April
20005201	DANIEL WEBSTER COLLEGE	3.00	230,000.00	4-01-2019
20006401	EMPORIA STATE UNIVERSITY	3.00	125,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	84,500.47	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20007201	FOOTHILL COLLEGE	3.00	20,000.00	10-01-2006
20008201	HAMPSHIRE COLLEGE	3.00	34,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	460,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	50,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	388,000.00	4-01-2019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	423,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	850,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	167,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	100,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	215,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	77,000.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	563,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	231,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	705,000.00	4-01-2019
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,254,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	19,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	383,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	305,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	640,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	847,272.51	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	76,708.92	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	109,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	30,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	2,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,277,588.77	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	81,478.71	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	35,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	383,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,420,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	98,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,346,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	191,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,190,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	145,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	218,000.00	4-01-2017

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
April
20022701	UNIVERSITY OF VERMONT	3.00	2,032,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	263,557.48	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
	TOTALS:		31,029,187.56
June
20000101	ALBION COLLEGE	3.00	880,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	92,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	200,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	100,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	162,194.44	5-01-2023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3.00	880,000.00	4-01-2016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3.00	523,000.00	4-01-2017
20001901	BENEDICT COLLEGE SERIES 1974	3.00	12,000.00	11-01-2006
20002101	BIRMINGHAM SOUTHERN COLLEGE	3.00	8,000.00	10-01-2006
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	200,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	676,137.70	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	77,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,170,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	412,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,235,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	660,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	385,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	266,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	319,999.99	5-01-2011
20005201	DANIEL WEBSTER COLLEGE	3.00	230,000.00	4-01-2019
20006401	EMPORIA STATE UNIVERSITY	3.00	125,000.00	4-01-2009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3.00	84,500.47	11-01-2020
20006801	FLORIDA ATLANTIC UNIVERSITY	3.00	45,000.00	7-01-2006
20007201	FOOTHILL COLLEGE	3.00	20,000.00	10-01-2006
20008201	HAMPSHIRE COLLEGE	3.00	34,000.00	11-01-2006
20008301	HARCUM COLLEGE	3.00	460,000.00	11-01-2015
20009201	JACKSON STATE COLLEGE	3.00	50,000.00	1-01-2007
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	388,000.00	4-01-2019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	100,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	393,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	850,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	30,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	167,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	100,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	215,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	77,000.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	563,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	231,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	705,000.00	4-01-2019

4

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
April
20013801	NORTH CAROLINA STATE UNIVERSITY	3.00	140,000.00	9-01-2006
20014401	OLD DOMINION UNIVERSITY	3.00	1,114,999.99	6-01-2013
20016101	RIVERSIDE HOSPITAL	3.00	19,000.00	4-01-2007
20016201	RIVIER COLLEGE	3.63	383,000.00	4-01-2014
20016401	CALIFORNIA STATE UNIVERSITY	3.00	305,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	640,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	847,272.51	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	76,708.92	5-01-2011
20018001	ST.EDWARDS UNIVERSITY	3.63	109,000.00	4-01-2013
20018302	ST. MICHAELS COLLEGE	3.00	30,000.00	4-01-2008
20018601	STILLMAN COLLEGE	3.00	2,000.00	2-01-2007
20018701	FINLANDIA UNIVERSITY	3.50	2,270,377.65	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	81,478.71	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	285,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	298,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	35,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	383,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,420,000.00	3-01-2012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3.00	93,000.00	6-01-2021
20020001	UNIVERSITY OF ALABAMA	3.00	1,346,000.00	5-01-2021
20021001	UNIVERSITY OF HAWAII AT MANOA	3.00	135,000.00	10-01-2006
20021301	UNIVERSITY OF MONTEVALLO	3.00	191,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	79,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	945,000.00	1-01-2018
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3.00	1,190,000.00	4-01-2018
20022601	UNIVERSITY OF STEUBENVILLE	3.38	145,000.00	4-01-2012
20022602	UNIVERSITY OF STEUBENVILLE	3.00	218,000.00	4-01-2017
20022701	UNIVERSITY OF VERMONT	3.00	2,032,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	227,566.97	6-30-2009
20023501	WESTERN MARYLAND COLLEGE	3.00	910,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	40,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	TOTALS:		30,795,237.31

5

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

For the Quarter Ended on June 30, 2006

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20008201	HAMPSHIRE COLLEGE	11-01-2004	35,785.00	51,000.00
20010801	LONG ISLAND U	6-01-2005	8,999.98	423,999.98
TOTAL			44,784.98	474,999.98

GMAC Commercial Mortgage

College and University Loan Trust I

Liquidation Report

For the Quarter Ended on June 30, 2006

None to report for this period

May 17, 2006

Richard C. Tarnas

J.P. Morgan Trust Company

120 South LaSalle, 4^th 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.

To validate signature use the Approved

menu to Authenticate Report & Print

Approved by: dcunning; 5/23/2006

14.50.02

Darri Cunningham

Vice President, CMBS Investor Reporting

Cc :Diana Kenneally
US Bank
Corporate Trust Dept.
One Federal Street
Boston, MA 02110

May 17, 2006

Richard C. Tarnas

J.P. Morgan Trust Company

120 South LaSalle, 4^th Floor

Chicago, IL 60603

RE: College and University Loan Trust Two 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.

To validate signature use the Approved

menu to Authenticate Report & Print

Approved by: dcunning, 5/23/2006

14.49.28

Darri Cunningham

Vice President, CMBS Investor Reporting

Cc :Diana Kenneally
US Bank
Corporate Trust Dept.
One Federal Street
Boston, MA 02110

November 17, 2006

Richard C. Tarnas

J.P. Morgan Trust Company

227 West Monroe, 26^th Floor

Chicago, IL 60606

RE: College and University Loan Trust One Payment Date Report

•Due period amounts billed through November 1, 2006

$ 2,214,542.00

•Due period amounts billed and not received through November 1, 2006

$ 104,737.00

•Due period amounts billed and received November 2, 2006 through November 16, 2006

$ 104,737.00

We certify the above information to be true and correct to the best of our knowledge.

Darri Cunningham

Vice President, CMBS Investor Reporting

Cc :Diana Kenneally
US Bank
One Federal Street
3^rd Floor
Boston, MA 02110

Real Estate Finance. Investments, Services Capmark Finance Inc. 200 Witmer Road Horsham, PA 19044 www.capmark.com