N-CSRS

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number			811-05291
College and University Facility Loan Trust One
(Exact name of registrant as specified in charter)
c/o U.S. Bank  One Federal Street  Boston, MA					02110
(Address of principal executive offices)					(Zip code)
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, 2006 – May 31, 2007

ITEM 1.  REPORT TO STOCKHOLDERS.

College and University

Facility Loan Trust One

Compiled Financial Statements

Six Months Ended May 31, 2007

Accountants’ Compilation Report

To the Owner Trustee of

College and University Facility

Loan Trust One

We have compiled the accompanying statement of assets and liabilities of College and University Facility Loan Trust One (the “Trust”), including the schedule of investments, as of May 31, 2007, and the related statements of operations, cash flows, changes in net assets and financial highlights for the six months then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The financial information for the years ended November 30, 2006, 2005, 2004, 2003 and 2002, presented herein for comparative purposes, was audited by other auditors, whose report thereon dated February 8, 2007 expressed an unqualified opinion, except for the effect on the 2006 and 2005 financial statements of accounting for investments under the amortized cost method of accounting as described in Note 2 to the financial statements.

A compilation is limited to presenting in the form of financial statements information that has been obtained from the books and records of the Trust. We have not audited or reviewed the accompanying financial statements or supplemental material and, accordingly, do not express an opinion or any other form of assurance on them. However, we did become aware of a departure from accounting principals generally accepted in the United States of America that is described in the following paragraph.

As disclosed in Note 2 to the financial statements, the Trust is accounting for its investments under the amortized cost method of accounting, adjusted by an allowance for loan losses. Accounting principles generally accepted in the United States of America require that the investments be accounted for under the fair value method of accounting. Accounting for the investments under the fair value method of accounting, based on the Trust’s estimate of fair value as described in Note 8, would result in an increase of approximately $7,627,000 in the recorded value of the investments and an increase in unrealized appreciation of investments of approximately $7,627,000 as of May 31, 2007.

We are not independent with respect to College and University Facility Loan Trust One.

/s/ BDO Seidman, LLP

Boston, Massachusetts

July 30, 2007

College and University

Facility Loan Trust One

Statement of Assets and Liabilities

May 31,	2007
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)	$	30,742,960
Cash	50,000
Prepaid expenses	16,703
Interest receivable	479,773
Deferred bond issuance costs (Note 2)	163,937
Total assets	31,453,373
Liabilities:
Bonds payable (Notes 3 and 8)	19,467,648
Interest payable (Note 3)	1,026,918
Accrued expenses and other liabilities	194,237
Distributions payable to Class B certificateholders (Note 5)	315,342
Total liabilities	21,004,145
Net Assets:
Class B certificates, par value $1 - authorized, issued and outstanding - 1,001,643 certificates (Note 5)	1,001,643
Accumulated deficit (Notes 2 and 5)	(651,492		)
Additional paid-in capital (Note 2)	10,099,077
Total net assets	$	10,449,228
Net asset value per Class B certificate (based on 1,001,643 certificates outstanding)	$	10.43

See accompanying accountants’ compilation report and notes to financial statements.

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College and University

Facility Loan Trust One

Statement of Operations

Six months ended May 31,	2007
Investment income:
Interest income (Note 2)	$	1,491,894
Expenses:
Interest expense (Notes 2 and 3)	1,048,613
Servicer fees (Note 4)	8,082
Trustee fees (Note 4)	19,351
Other trust and bond administration expenses	191,998
Total expenses	1,268,044
Net investment income	223,850
Net increase in net assets resulting from operations	$	223,850

See accompanying accountants’ compilation report and notes to financial statements.

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College and University

Facility Loan Trust One

Statement of Cash Flows

Six months ended May 31,	2007
Cash flows from operating activities:
Interest received	$	804,087
Interest paid	(1,117,462		)
Operating expenses paid	(236,668		)
Net decrease in funds held under investment agreements	958,584
Principal payments on Loans	1,719,384
Net cash provided by operating activities	2,127,925
Cash flows from financing activities:
Principal repayments on Bonds	(1,716,473		)
Distributions to Class B certificateholders	(411,452		)
Net cash used for financing activities	(2,127,925		)
Net change in cash	—
Cash, beginning of period	50,000
Cash, end of period	$	50,000
Reconciliation of net increase in net assets resulting from operations to net cash provided by operating activities:
Net increase in net assets resulting from operations	$	223,850
Decrease in interest receivable	34,390
Increase in prepaid expense	(16,703		)
Decrease in accrued expenses and other liabilities	(534		)
Decrease in Bond interest payable	(90,544		)
Decrease in investment contracts	958,584
Decrease in loan principal balance	1,719,384
Amortization of deferred Bond issuance costs	21,695
Amortization of purchase discount on Loans	(722,197		)
Net cash provided by operating activities	$	2,127,925

See accompanying accountants’ compilation report and notes to financial statements.

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College and University

Facility Loan Trust One

Statement of Changes in Net Assets

(Note 2(f))

	Six Months
	Ended			Year Ended
	May 31,			November 30,
	2007			2006
	(Unaudited)			(Audited)
From operations:
Net investment income	$	223,850		$	664,627
Reduction in reserve for loan losses	—			100,000
Net increase in net assets applicable to Class B certificateholders resulting from operations	223,850			764,627
Capital certificate transactions:
Distributions to Class B certificateholders (Notes 1 and 5)	(315,342		)	(1,106,106		)
Net decrease in net assets	(91,492		)	(341,479		)
Net assets:
Beginning of period	10,540,720			10,882,199
End of period	$	10,449,228		$	10,540,720

See accompanying accountants’ compilation report and notes to financial statements.

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College and University

Facility Loan Trust One

Financial Highlights

(Notes 1 and 5)

	Six Months
	Ended
	May 31,			Years Ended November 30,
	2007			2006			2005			2004			2003				2002
	(Unaudited)			(Audited)
Net asset value, beginning of period	$	10.52		$	10.86		$	10.88		$	10.88			$	10.86		$	11.11
Net investment income	.22			.66			2.14			2.08				1.29			.78
Reduction of reserve for loan losses	—			.10			.20			.10				—			—
Distributions to Class B certificateholders	(.31		)	(1.10		)	(2.36		)	(2.18		)		(1.27		)	(1.03		)
Net asset value, end of period	$	10.43		$	10.52		$	10.86		$	10.88			$	10.88		$	10.86
Total investment return (a)	N/A			N/A			N/A			N/A				N/A			N/A
Net assets applicable to Class B certificates, end of period	$	10,449,228		$	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	24.16		% (b) (c)	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	4.27		(c)	6.20		%	19.66		%	19.12		%		11.93		%	7.11		%
Number of Class B certificates outstanding, end of period	1,001,643			1,001,643			1,001,643			1,001,643				1,001,643			1,001,643

(a)The Trust’s investments are recorded at amortized cost as discussed in Note 2. Accordingly, the financial statements do not reflect the market value of such investments. For this reason, management believes that no meaningful information can be provided regarding “Total Investment Return” and has not included information under that heading. In addition, as the Trust’s investments are not traded, management believes that no meaningful information can be provided regarding portfolio turnover.

(b)Excluding interest expense, the ratio of operating expenses to average net assets applicable to Class B Certificates was 4.18(c), 4.24%, 4.83%, 4.51%, 4.22% and 3.64% in 2007, 2006, 2005, 2004, 2003 and 2002, respectively.

(c)Annualized.

See accompanying accountants’ compilation report and notes to financial statements.

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College and University

Facility Loan Trust One

Notes to Financial Statements

1.      Organization and Business

College and University Facility Loan Trust One (the Trust) was formed on September 17, 1987 as a business trust under the laws of the Commonwealth of Massachusetts by a declaration of trust by the Bank of Boston (the Owner Trustee), succeeded by State Street Bank and Trust Company, succeeded by US Bank (successor Owner Trustee), not in its individual capacity but solely as Owner Trustee. The Trust is registered under the Investment Company Act of 1940 (as amended) as a diversified, closed-end, management investment company.

The Trust was formed for the sole purpose of raising funds through the issuance and sale of bonds (the Bonds). The Trust commenced operations on September 29, 1987 (the Closing Date) and issued Bonds in five tranches in the aggregate principal amount of $126,995,000. The Bonds constitute full recourse obligations of the Trust. The collateral securing the Bonds consists primarily of a pool of college and university facility loans (the Loans) to various postsecondary educational institutions and funds held under the indenture (the Indenture) and the investment agreements. The Loans were originated by, or previously assigned to, the United States Department of Education (ED) under the College Housing Loan Program or the Academic Facilities Loan Program. The Loans, which have been assigned to J.P. Morgan Trust Company, National Association, as successor in interest to Bank One Trust Company, NA, formerly The First National Bank of Chicago (the Bond Trustee), are secured by various types of collateral, including mortgages on real estate, general recourse obligations of the borrowers, pledges of securities and pledges of revenues. As of the Closing Date, the Loans had a weighted average stated interest rate of approximately 3.16% and a weighted average remaining term to maturity of approximately 19.4 years. Payments on the Loans are managed by the Bond Trustee in various fund accounts and are invested under investment agreements (see Note 2) as specified in the Indenture.

See accompanying accountants’ compilation report.

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

On the Closing Date, certificates were issued by the Trust to ED as partial payments for the Loans. In December 1989, ED sold, through a private placement, all of its ownership interest in the Trust.

2.      Summary of Significant Accounting Policies

(a)     College and University Facility Loans

The Loans were purchased and recorded at a discount below par. Pursuant to a “no-action letter” that the Trust received from the Securities and Exchange Commission, the Loans, included in investments in the accompanying statement of assets and liabilities, are being accounted for under the amortized cost method of accounting, 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 May 31, 2007 was approximately $9,068,000. There were no prepayments of Loans in the six months ended May 31, 2007.

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The Trust’s policy is to discontinue the accrual of interest on Loans for which payment of principal or interest is 180 days or more past due or for other such Loans if management believes the collection of interest and principal is doubtful. When a Loan is placed on nonaccrual status, all previously accrued, but uncollected interest is reversed against the current period’s interest income. Subsequently, interest income is generally recognized when received. Payments are generally applied to interest first, with the balance, if any, applied to principal. At May 31, 2007, 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.

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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.

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(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.

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As of November 30, 2006, all tax earnings and profits have been distributed. Accordingly, all accumulated undistributed net investment income has been reclassified to additional paid-in capital. This reclassification results from permanent book and tax differences such as the receipt of tax-exempt interest income on certain Loans, the related interest expense on the Bonds, and the accretion of purchase discount on the Loans. Amounts deducted for the loan loss reserve are not currently deductible for tax purposes and have been reclassified as an accumulated deficit. These reclassifications had no impact on the net investment income or net assets of the Trust.

The Trust expects to have a tax return of capital for the fiscal year ending November 30, 2007; however, the amount cannot be reasonably estimated at May 31, 2007.

(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.

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3.      Bonds

The Bonds outstanding at May 31, 2007 consist of the following:

				Principal
	Interest		Stated	Amount
Type	Rate		Maturity	(000’s)
Term	10.55	%	December 1, 2014	$	19,468

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.

The aggregate scheduled maturities of the Bonds, including the scheduled mandatory redemptions at May 31, 2007, are as follows:

	Amount
Fiscal Year	(000’s)
2007	$	1,501
2008	2,785
2009	2,794
2010	2,699
2011	2,662
Thereafter	7,027
Total	$	19,468

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.

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As required by the Indenture, the scheduled future cash flows for Loans in Default are excluded from the calculation of the Reserve Fund requirement. There are currently no loans in default. The cash flows from the June 1, 2007 Bond Payment Date were sufficient to satisfy the maximum reserve fund requirement of $6,974,544, as required by the Indenture.

4.Administrative Agreements

(a)Servicer

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 six months ended May 31, 2007, this fee totaled $8,082. 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 $7,912 and $8,791, respectively, for the six months ended May 31, 2007.

•The Bond Trustee is entitled to an annual fee equal to 0.025 of 1% of the aggregate outstanding principal of the Bonds on the bond payment date immediately preceding the date of payment of such fee. The Bond Trustee is also reimbursed for out-of-pocket expenses in an amount not to exceed 4% of the applicable annual fee. In addition, the Bond Trustee is reimbursed for other agreed-upon related expenses. For the six months ended May 31, 2007, total Bond Trustee fees and out-of-pocket expenses amounted to $2,648.

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5.Certificates

Holders of each of the Class B certificates receive amounts paid to the Owner Trustee pursuant to the Declaration of Trust on a pro rata basis. On June 1, 2007, a distribution of $315,342 was made to the Class B certificateholders. This payment is reflected as a liability in the accompanying statement of assets and liabilities.

While the Bonds are outstanding, distributions to the Class B certificateholders are made on the second business day in each June and December (the Distribution Date) and, after the Bonds are paid in full, on the first business day of each month. The certificateholders shall each be entitled to one vote per certificate.

6.Allowance for Loan Losses

An analysis of the allowance for loan losses for the six months ended May 31, 2007 is summarized as follows:

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

At May 31, 2007, 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.

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7.Loans

Scheduled principal and interest payments on the Loans as of May 31, 2007, 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	$	1,391	$	427	$	1,818
2008	3,003		787		3,790
2009	3,028		693		3,721
2010	2,882		599		3,481
2011	2,722		510		3,232
Thereafter	14,527		1,577		16,104
Total	$	27,553	$	4,593	$	32,146

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

The following analysis summarizes the stratification of the Loan portfolio by type of collateral and institution as of May 31, 2007.

		Amortized
	Number	Cost
Type of Collateral	of Loans	(000’s)		%
Loans secured by a first mortgage	41	$	11,315	61.2	%
Loans not secured by a first mortgage	21	7,170		38.8	%
Total Loans	62	$	18,485	100.0	%

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		Amortized
	Number	Cost
Type of Institution	of Loans	(000’s)		%
Private	42	$	10,573	57.2	%
Public	20	7,912		42.8	%
Total Loans	62	$	18,485	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.

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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 May 31, 2007. As the current market interest rate approaches the original interest rate of the investment, the fair value of the investment approaches the carrying value.

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The estimated fair value of each category of the Trust’s financial instruments and the related book value presented in the accompanying statement of assets and liabilities as of May 31, 2007 are as follows:

	Amortized
	Cost			Fair Value
	(000’s)			(000’s)
Loans	$	17,925	*	$	24,266
Investment Agreements:
Revenue Fund	10,218			10,788
Liquidity Fund	2,600			3,316
	$	30,743		$	38,370
Bonds payable	$	19,468		$	23,461

*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.

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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.

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COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE

SCHEDULE OF INVESTMENTS

May 31, 2007

(Dollar Amounts in Thousands)

Outstanding Principal Balance		Description	Stated Interest Rate %	Maturity Date	Internal Rate of Return % (A) (Unaudited)	Amortized Cost (Notes 1 and 2)
		COLLEGE AND UNIVERSITY LOANS (58.3%)
		ALABAMA
$	160	Birmingham-Southern College	3.00	10/01/2010	12.47	$	134
2		Stillman College	3.00	02/01/2007	13.24	2
1,271		University of Alabama	3.00	05/01/2021	12.27	732
182		University of Montevallo	3.00	05/01/2023	12.30	98
		CALIFORNIA
483		Azusa Pacific University	3.00	04/01/2017	12.96	302
1,020		California State University	3.00	11/01/2012	10.57	828
200		Monterey Peninsula College	3.00	10/01/2018	11.95	127
290		San Diego State University	3.00	11/01/2021	11.93	169
610		San Francisco State University	3.00	11/01/2021	11.93	357
		ILLINOIS
260		Concordia College	3.00	05/01/2011	12.64	212
		INDIANA
75		Anderson College	3.00	03/01/2010	13.02	62
230		Taylor University	3.00	10/01/2010	12.45	192
1,110		University of Notre Dame	3.00	04/01/2018	12.95	673
		KANSAS
80		Emporia State University	3.00	04/01/2009	12.33	71
		LOUISIANA
370		Xavier University	3.00	10/01/2017	12.54	235
		MARYLAND
840		Western Maryland College	3.00	11/01/2016	12.44	561
		MASSACHUSETTS
155		Atlantic Union College	3.00	05/01/2023	12.68	82
660		Boston University	3.00	12/31/2022	11.87	367
62		Springfield College	3.00	05/01/2011	12.59	51
		MICHIGAN
800		Albion College	3.00	10/01/2015	12.51	550
150		Alma College	3.00	04/01/2010	11.87	127
2,182		Finlandia University	3.00	08/01/2014	12.70	1,211
		MINNESOTA
800		Augsburg College	3.00	04/01/2016	12.95	520
355		College of St. Thomas	3.00	04/01/2017	12.95	222
		MISSISSIPPI
20		Mississippi Valley State	3.00	07/01/2008	11.89	18
93		Tougaloo College	3.00	06/01/2021	12.44	52
		MISSOURI
113		Missouri Southern State College	3.00	12/01/2008	10.56	100
67		Missouri Western State College	3.00	10/01/2008	11.77	61
		NEBRASKA
69		University of Nebraska	3.00	07/01/2013	10.59	54

See accompanying accountants’ compilation report and notes to financial statements.

22

Outstanding Principal Balance		Description	Stated Interest Rate %	Maturity Date	Internal Rate of Return % (A) (Unaudited)	Amortized Cost (Notes 1 and 2)
		NEW HAMPSHIRE
$	215	Daniel Webster College	3.00	04/01/2019	12.99	$	125
205		New England College	3.625	10/01/2013	12.37	158
660		New England College	3.00	04/01/2019	12.96	386
338		Rivier College	3.625	04/01/2014	12.78	246
		NEW JERSEY
80		Fairleigh Dickinson University	3.00	11/01/2020	12.09	47
		NEW YORK
47		Alfred University	3.00	11/01/2007	12.41	45
394		Long Island University	3.00	06/01/2016	12.34	264
802		Sarah Lawrence College	3.00	11/01/2021	12.64	457
		NORTH CAROLINA
72		Montreat-Anderson College	3.00	12/01/2019	12.19	42
875		University of North Carolina	3.00	01/01/2018	11.49	566
		OHIO
1,125		Case Western Reserve University	3.00	04/01/2016	10.54	805
123		University of Steubenville	3.375	04/01/2012	12.88	95
201		University of Steubenville	3.00	04/01/2017	12.96	126
		PENNSYLVANIA
382		Carnegie - Mellon University	3.00	11/01/2017	10.45	268
420		Harcum Junior College	3.00	11/01/2015	12.44	291
235		Susquehanna University	3.625	11/01/2014	12.32	173
72		Swarthmore College	3.00	11/01/2013	12.30	53
268		Temple University	3.375	11/01/2014	11.99	203
		RHODE ISLAND
246		Community College of Rhode Island	3.00	04/01/2018	12.10	158
		SOUTH CAROLINA
605		College of Charleston	3.00	07/01/2016	12.02	410
500		Morris College	3.00	11/01/2013	12.42	372
		TENNESSEE
59		Bryan College	3.00	02/01/2010	12.68	50
191		Vanderbilt University	3.00	06/30/2009	10.39	170
		TEXAS
363		Jarvis Christian College	3.00	04/01/2019	12.96	214
76		Laredo Junior College	3.00	08/01/2009	11.82	67
95		St. Edward’s University	3.625	04/01/2013	12.80	71
333		Texas Tech University	3.625	03/01/2013	10.80	263
2,045		Texas Tech University	3.375-3.50	03/01/2012	10.83	1,665
		VERMONT
770		Middlebury College	3.00	04/01/2018	12.87	501
5		St. Michael’s College	3.00	04/01/2008	13.06	5
1,907		University of Vermont	3.00	10/01/2019	12.19	1,162

See accompanying accountants’ compilation report and notes to financial statements.

23

Outstanding Principal Balance		Description	Stated Interest Rate %	Maturity Date	Internal Rate of Return % (A) (Unaudited)	Amortized Cost (Notes 1 and 2)
		VIRGINIA
$	1,115	Old Dominion University	3.00	06/01/2013	11.70	$	838
		WASHINGTON
20		Western Washington University	3.00	10/01/2007	11.16	19
27,553		Total College and University Loans				18,485
		Allowance for Loan Losses				560
		Net Loans of the Trust				17,925
		INVESTMENT AGREEMENTS (41.7%)
2,600		FNMA #787 Liquidity Fund	8.00	12/01/2014	8.00	2,600
10,218		FNMA #786 Revenue Fund	5.00	12/01/2014	5.00	10,218
12,818		Total Investment Agreements				12,818
$	40,371	Total Investments (100.0%)				$	30,743

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

See accompanying accountants’ compilation report and notes to financial statements.

24

ITEM 2. CODE OF ETHICS

Not applicable to the registrant.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT

Not applicable to the registrant.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES

Not applicable to the registrant.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS

Not applicable to the registrant.

ITEM 6. SCHEDULE OF INVESTMENTS

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

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

Not applicable to the registrant.

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

Not applicable to the registrant.

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

Not applicable to the registrant.

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

Not applicable to the registrant.

ITEM 11. CONTROLS AND PROCEDURES

(a) Not applicable to the registrant.

(b) Not applicable to the registrant.

ITEM 12. EXHIBITS

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

(a)
	(1) Code of ethics or amendments: not applicable to the registrant.
	(2) Certification by the registrant’s Owner Trustee, as required by Rule 30a-2(a) under the Investment Company Act of 1940,       is attached.
	(3) Annual Compliance Statement of the Servicer, Capmark Finance, Inc. is attached.
	(4) Attestation Report of Independent Accountants, Deloitte & Touche, LLP, is attached.
	(5) Servicer 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		August 9, 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	August 9, 2007

EX-99.3

Exhibit 99.3

Annual Certification by Officer

For the Year Ended December 31, 2006

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 Capmark Finance Inc. 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, Capmark Finance Inc. 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 Capmark Finance Inc. as Servicer is in compliance with the requirements of Section 202.

Capmark Finance Inc.

By:	Mark E. McCool
Title:	Senior Vice President
Date:	February 20, 2007

.2G

	Capmark Finance Inc.
	200 Witmer Road
Real Estate Finance, Investments, Services	Horsham, Pa 19044

EX-99.4

Exhibit 99.4

Capmark Finance Inc.

Report on Compliance with Minimum

Master Servicing Standards

December 31, 2006

Deloitte & Touche LLP

1700 Market Street

Philadelphia, PA 19103

USA

Tel:  215-246-2300

Fax:  215-569-2441

INDEPENDENT ACCOUNTANTS’ REPORT

To the Board of Directors and Shareholders of
Capmark Finance Inc.:

We have examined management’s assertion that Capmark Finance Inc. (the “Company”) has complied as of and for the year ended December 31, 2006, with its established minimum master servicing standards (“Master Servicing Policy”) described in the accompanying Management’s Assertion Concerning Compliance With Minimum Master Servicing Standards dated March 1, 2007. 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 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 on the Company’s compliance with the Master Servicing Policy.

In our opinion, management’s assertion that the Company complied with the aforementioned Master Servicing Policy as of and for the year ended December 31, 2006 is fairly stated, in all material respects.

March 1, 2007

THIS REPORT MAY NOT BE INCLUDED, REFERENCED TO, OR INCORPORATED BY REFERENCE IN ANY PUBLIC FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.

Management’s Assertion Concerning Compliance

With Minimum Master Servicing Standards

March 1, 2007

As of and for the year ended December 31, 2006, Capmark Finance Inc has complied in all material respects, with the minimum master servicing standards set forth in the company’s Master Servicing Policy (attached in exhibit II) which were derived from the Mortgage Banker’s Association of America’s Uniform Single Attestation Program for Mortgage Bankers. A listing of transactions associated with master servicing responsibility is listed in exhibit I.

As of December 31, 2006, the company was covered by insurance policies providing for $100 million of fidelity bond insurance and $100 million of errors and omission insurance.

Michael I. Lipson

Executive Vice President

Capmark Services

Joseph A. Funk

Managing Director

Capmark Services

Exhibit I

Capmark Finance Inc.

Transactions Associated with Master Servicing
Responsibilities

ACMF I SERIES 1997-C1

AETNA SERIES 1995-C5

ASC SERIES 1996-D3

ASC SERIES 1997-D4

ASC, SERIES 1997-D5

ATHERTON SERIES 1997-A

BACM 2001-1

BACM 2002-X1

BOA SERIES 2002-FX1

BKB SERIES 1997-C1

CALSTRS SERIES 2002-C6

CAPCO, SERIES 1998-D7

CBA SERIES 2006-1PPM

CD SERIES 2006 CD3 Mortgage Trust

CG SERIES 2004-FL1

CGCMS SERIES 2005-EMG

CDC, SERIES 2002-FX1

CHASE SERIES 1996-1

CHASE SERIES 1997-1

CHASE SERIES 1996-C2

CHASE SERIES 1997-2

CHASE SERIES 1998-2

CHASE, SERIES 1998-1

CHASE, SERIES 2000-FL1

CHASE, SERIES 2001-FL1

CITIGROUP LEASE SERIES 1999-1

CHASE-FIRST UNION, 1999-1

COMM SERIES 2001-J2

COMM SERIES 2003-LNB1

COMM SERIES 2005-C6

COMM SERIES 2004-LNB4

COMM SERIES 2006-FL1

CSFB SERIES 2001-CF2

CSFB SERIES 2005-C1

CSFB 2001-SPG1

CSFB SERIES 1995-M1

COMM SERIES FL11

CIBC, INC

COMM SERIES 2006 FL12

COMM, SERIES 2001-FL5

COMM, SERIES 2004-LNB2

COMMERCIAL LENDING, LLC

Credit Suisse 2005-C1

CREDIT SUISSE FIRST BOSTON SERIES 1995-MI

CSFB SERIES 2001-CF2

CSFB SERIES 2006 C1

CSFB, SERIES 1997-PS1

CSFB, SERIES 1998-PS2

CSFB, SERIES 1999-PS3

CSFB, SERIES 2000-PS4

CSFB, SERIES 2005-C5

DEUTSCHE COMM, SERIES 2001-J2

DILLON REED, SERIES 1993-K1

DILLON REED, SERIES 1994-K1

DILLON REED, SERIES 1994-K2

DLJ 1996-CF1

DLJ 1997-CF1

DLJ SERIES 1994-MF1

EDI

EDII

EMAC OWNER TRUST SERIES 1998-1

EMAC OWNER TRUST SERIES 1999-1

EMAC OWNER TRUST SERIES 2000-1

FMAC SERIES 1991-A

FMAC SERIES 1993-B

FMAC SERIES 1994-A

FMAC SERIES 1995-B

FMAC SERIES 1997-A

FMAC SERIES 1997-B

FMAC SERIES 1997-C

FMAC SERIES 1998-A

FMAC SERIES 1998-B

FMAC SERIES 1998-C

FMAC SERIES 1998-D

FMAC SERIES 2000-A

FMAC SERIES 1996-B

FMHA

FNMA SERIES 1998-M1

FNMA CEB ZIONS FIRST NATL BK

FOREST CITY SERIES 1994-1

FREEHOLD MALL 2001-FRM

G3 STRATEGIC INV. LP 2002 WL1

GFCM SERIES 2003-1

GIA SERIES 2001-A

GCCF, SERIES 2005-GG3

GGP MALL PROP TR-SER 2001-GGP1

GMAC SERIES 2006 C1

GMACCM 1999-CTL1

GMACCM 2003-C3

GMACCM 2004 C3

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 2000-C1

GMACCM SERIES 2000-C2

GMACCM SERIES 2000-FL-E

GMACCM SERIES 2001-C1

GMACCM SERIES 2001-C2

GMACCM SERIES 2001-FL1

GMACCM SERIES 2003-FL1

GMACCM, SERIES 2001-A

GMACCM SERIES 2002-C3

GMACCM, SERIES 2002-C2

GMACCM, SERIES 2002-FL1

GMACCM, SERIES 2003-C1

GMACCM, SERIES 2003-C2

GMACCM, SERIES 2003-FL-SNF

GMACCM, SERIES 2004-C1

GMACCM, SERIES 2004-C2

GMACCM, SERIES 2005-C1

GMACCM-GIA

GMACCMS, SERIES 2000 C3

GMACCMS, SERIES 2000-FL-F

GMACCMS, SERIES 2002-C1

G-MAX, SERIES 2002-FX-1

GS MORTGAGE SECURITIES CORP SERIES 2001-GL III

GS MTGE SECURITIES CORP II SERIES 2001-1285

GS SERIES 1998-GLII

GSMC II, SERIES 2005-GG4

GSMSC II SERIES 1997-GL1

GSMSC II, SERIES 1998-GLII

GSMSC II, SERIES 1998-GLII

GSMSC II, SERIES 1998-GLII

GSMSC II SERIES 2001-GL3

GSMSC II SERIES 2001 ROCK

GSMSC II, SERIES 2002-GSFL V

GSMSC II, SERIES 2003 C1

GSMSC II, SERIES 2005-GSFLVII

GSMSCII SERIES 1998-C1

GSMSCII SERIES 1999-C1

HUD

IPS, SERIES 2005-1

JP MORGAN CAPITAL

JP MORGAN CHASE SERIES 2001-A

JPMC SERIES 2001-CIBC1

JPMC SERIES 2002-C3

JPMC SERIES 2004-C1

JPMC SERIES 2004-CIBC10

JPMC SERIES 2004-CIBC8

JPMC SERIES 2004-LN2

JPMC SERIES 2005-LDP4

JPMC SERIES 2005-LDP5

JPMC SERIES 2001-A

JPMC SERIES 2004-CIBC9

JPMC SERIES 2005 LDP4

JPMC SERIES 2006 CIBC 14

JPMC SERIES 2006 CIBC 16

JPMC SERIES 2006 LDP7

JPMC SERIES LDP7

JPMC, SERIES 2004-C2

JPMC, SERIES 2005 LDP4

JPMC, SERIES 2005-CIBC11

JPMC, SERIES 2005-CIBC12

JPMC, SERIES 2005-LDP3

JPMCC SERIES 2006-FL2

JPMCC SERIES 2006 LDP6

JPMCC SERIES 2006-LDP9

L LEHMAN BROERS HOLDINGS, INC.

LASALLE SERIES 2005-MF1

LASALLE SERIES 2006 MF2

LASALLE SERIES 2006 MF3

LB COMMERCIAL SERIES 1996-C2

LB COMMERCIAL SERIES 1998-C1

LEHMAN BROTHERS SERIES 1995-C2

LEHMAN BROTHERS SERIES 1992-1

LEHMAN BROTHERS SERIES 1992-2

LLL SERIES 1997-LL1

LONG LANE MASTER TRUST

LIBRARY TOWERS

LTC, SERIES 1998-1

MCF SERIES 1993-CI & C2

MCF SERIES 1996-MC1

MCF SERIES 1996-MC2

MCF SERIES 1998-MC1

MCF SERIES 1998-MC3

MCF SERIES 1998-MC2

MERRILL LYNCH SERIES 1998-C1

MERRILL LYNCH SERIES 1996-C1

MERRILL LYNCH SERIES 1997-C1

MERRILL LYNCH SERIES 1998-C2

MERRILL LYNCH 1999 CANADA 2

MERRILL LYNCH SERIES 1995-C3

MERRILL LYNCH SERIES 1996-C1

MERRILL LYNCH SERIES 1998-C1-CTL

MERRILL, SERIES 1997-C1

MLCFC TRUST SERIES 2006-3

MLML SERIES 2000-BELL MOBILITY

MLMT SERIES 2005 LC 1

MORGAN STANLEY 2002 HQ

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 2002-HQ

MORGAN STANLEY SERIES 1999-RM1

MSCI, SERIES 2003-IQ5

MSDW 2005 IQ 10

MSDW SERIES 2001-PPM

MSDW, SERIES 1997-HF1

MSDW, SERIES 1999-FNV1

MSDW, SERIES 2001-IQ

MSDW SERIES 2002-IQ3

MSDW SERIES 2002-WM

MSDW, SERIES 2003-IQ4

MSIC SERIES 2006 IQ12

NATIONSLINK SERIES 1996-1

NB SERIES DMC

NEW ENGLAND MUTUAL LIFE 1993-1

NOMURA ASSET SERIES 1993-1

NOMURA ASSET SERIES 1995MD-IV

NOMURA ASSET SERIES 1996MD-VI

NOMURA SERIES 1998-D6

NOMURA, SERIES 1998-STI

OREGAN, SERIES 1995-1

PAINE WEBBER SERIES 1996-MI

PRUDENTIAL SECURITIES

REAL - - T, SERIES 2004-1

RJ MORTGAGE, SERIES 1993-K-A

SASCO SERIES 1997-CI

SASCO SERIES 1997-LL1

SB SERIES 1999-C1

SB SERIES 2000-C1

SC FUNDING, SERIES 1993-1

SDC MACERICH PROPERTIES LP CMO

TW HOTEL SERIES 2005-LUX

U-HAUL SERIES 1993-1

USGI SERIES 1992-1

Exhibit II

CAPMARK FINANCE Inc.

Minimum Master Servicing Policy

I.CUSTODIAL BANK ACCOUNTS

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

•Be mathematically accurate;

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

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

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

2.Funds of the servicing entity shall be advanced as specified in the servicing agreement in cases where there is an overdraft in an investor’s or a mortgagor’s account and an advance is specified in the investor’s Servicing Agreement.

3.All cash for each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor or in an investment account in accordance with the applicable servicing agreement requirements.

4.Escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan.

II.MORTGAGE PAYMENTS

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

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

III.DISBURSEMENTS

1.Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel.

2.Amounts remitted to investors per the servicer’s investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements.

IV.INVESTOR ACCOUNTING AND REPORTING

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

V.INSURANCE POLICIES

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

VI.MONITORING OF SUBSERVICER COMPLIANCE

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

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

EX-99.5

Exhibit 99.5

Capmark Finance

College and University Loan Trust I

Collection Account Activity Report

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

Collections:
Principal Payments	115,076.21
Interest Payments	46,485.10
Total Principal and Interest Collections	161,561.31
Payments and Reversals Posted to Suspense	—
Total Collections	161,561.31
Less: Servicing Fees (not withheld from remittances)	(858.82	)
Net Collections	160,702.49

Capmark Finance

College & Trust Facility Loan Trust I

Service Fees Schedule

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

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
12302006	20002401	BOSTON UNIVER	15,984.85	10,142.07	26,126.92	676,137.70	185.94
12012006	20010801	LONG ISLAND U	0.00	5,775.00	5,775.00	393,999.98	108.35
12012006	20012501	MISSOURI SOUT	55,000.00	2,520.00	57,520.00	167,999.99	46.20
12012006	20013001	MONTREAT-ANDE	2,600.00	1,155.00	3,755.00	77,000.00	21.18
12012006	20014401	DOMNION UNIV.	0.00	16,725.00	16,725.00	1,114,999.99	306.62
12072006	20018701	SUOMI COLLEGE	7,560.99	6,514.53	14,075.52	2,233,552.06	102.37	Divide by 12 (020018701)
12012006	20019601	TOUGALOO COLL	0.00	1,395.00	1,395.00	93,000.00	25.58
12302006	20023102	VANDERBLT/GEO	36,530.37	3,413.50	39,943.87	227,566.97	62.58
		TOTALS:	117,676.21	47,640.10	165,316.31	4,984,256.69	858.82
							858.82	Service Fees due

1

Capmark Finance

College & Trust Facility Loan Trust I

Paid-in-Full Loans

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

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

Capmark Finance

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of December 1, 2006 through December 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  December 31, 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	660152.85	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	112999.99	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	2225991.07	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

Capmark Finance

College and University Loan Trust I

Trial Balance

As of  December 31, 2006

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	191036.6	6302009
20023501	McDANIEL COLLEGE	3	840000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	20000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	370000	10012017
			29,163,549.09

2

Capmark Finance

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of  December 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  December 31, 2006

None to report for this period

Capmark Finance

College and University Loan Trust I

Collection Account Activity Report

For the Period of January 1, 2007 through January 31, 2007

Collections:
Principal Payments	132,922.97
Interest Payments	32,118.89
Total Principal and Interest Collections	165,041.86
Payments and Reversals Posted to Suspense	—
Total Collections	165,041.86
Less: Servicing Fees (not withheld from remittances)	(567.88	)
Net Collections	164,473.98

Capmark Finance

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of January 1, 2007 through January 31, 2007

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
1012007	20003901	COLL. OF CHAR	0.00	9,075.00	9,075.00	605,000.00	166.38
1012007	20009201	JACKSON ST.	50,000.00	750.00	50,750.00	50,000.00	13.75
1012007	20012401	MISSISSIPPI V	0.00	300.00	300.00	20,000.00	5.50
1072007	20018701	SUOMI COLLEGE	7,366.63	6,708.89	14,075.52	2,225,991.07	102.02	Divide by 12 (020018701)
1012007	20021401	U OF NEBRASKA	5,000.00	1,110.00	6,110.00	74,000.00	20.35
1012007	20021603	NORTH CAROLIN	70,000.00	14,175.00	84,175.00	945,000.00	259.88
		TOTALS:	132,366.63	32,118.89	164,485.52	3,919,991.07	567.88
							567.88	Service Fees due

1

Capmark Finance

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of January 1, 2007 through January 31, 2007

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20009201	01/03/07	50,750.00	50,000.00	750.00		01/01/07
	TOTAL:	50,750.00	50,000.00	750.00	—

Capmark Finance

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of January 1, 2007 through January 31, 2007

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  January 31, 2007

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	660152.85	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
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	112999.99	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	2218624.44	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
20021301	UNIVERSITY OF MONTEVALLO	3	191000	5012023

1

Capmark Finance

College and University Loan Trust I

Trial Balance

As of  January 31, 2007

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	69000	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	875000	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	191036.6	6302009
20023501	McDANIEL COLLEGE	3	840000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	20000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	370000	10012017
			29,031,182.46

2

Capmark Finance

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of  January 31, 2007

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  January 31, 2007

None to report for this period

Capmark Finance

College and University Loan Trust I

Collection Account Activity Report

For the Period of February 1, 2007 through February 28, 2007

Collections:
Principal Payments	16,388.83
Interest Payments	8,846.69
Total Principal and Interest Collections	25,235.52
Payments and Reversals Posted to Suspense	—
Total Collections	25,235.52
Less: Servicing Fees (not withheld from remittances)	(141.29	)
Net Collections	25,094.23

Capmark Finance

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of February 1, 2007 through February 28, 2007

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
2012007	20002501	BRYAN COLLEGE	9,000.00	1,020.00	10,020.00	68,000.00	18.70
2012007	20010301	LAREDO MUN. J	0.00	1,140.00	1,140.00	76,000.00	20.90
2012007	20018601	STILLMAN COLL	2,000.00	30.00	2,030.00	2,000.00	0.55
2072007	20018701	SUOMI COLLEGE	7,388.83	6,686.69	14,075.52	2,218,624.44	101.69		Divide by 12 (020018701)
		TOTALS:	18,388.83	8,876.69	27,265.52	2,364,624.44	141.84
							(0.55	)
							141.29		Service Fees due

1

Capmark Finance

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of February 1, 2007 through February 28, 2007

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

Capmark Finance

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of February 1, 2007 through February 28, 2007

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  February 28, 2007

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	660152.85	12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	59000	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
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	112999.99	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	2211235.61	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
20021301	UNIVERSITY OF MONTEVALLO	3	191000	5012023

1

Capmark Finance

College and University Loan Trust I

Trial Balance

As of  February 28, 2007

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	69000	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	875000	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	191036.6	6302009
20023501	McDANIEL COLLEGE	3	840000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	20000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	370000	10012017
			29,014,793.63
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:		70,095,099.97

2

Capmark Finance

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of  February 28, 2007

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  February 28, 2007

None to report for this period

Capmark Finance

College and University Loan Trust I

Collection Account Activity Report

For the Period of March 1, 2007 through March 31, 2007

Collections:
Principal Payments	458,056.05
Interest Payments	55,298.84
Total Principal and Interest Collections	513,354.89
Payments and Reversals Posted to Suspense	—
Total Collections	513,354.89
Less: Servicing Fees (not withheld from remittances)	(899.68	)
Net Collections	512,455.21

Capmark Finance

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of March 1, 2007 through March 31, 2007

Date  Due	GMACCM  Number	Borrower  Name	Principal Due	Interest Due	Total Due	Principal  Balance	Service  Fees
3012007	20000902	ANDERSON COLL	25,000.00	1,500.00	26,500.00	100,000.00	27.50
3072007	20018701	SUOMI COLLEGE	8,056.05	6,019.47	14,075.52	2,211,235.61	101.35	Divide by 12 (020018701)
3012007	20019502	TEXAS TECH UN	50,000.00	6,941.87	56,941.87	383,000.00	105.33
3012007	20019504	TEXAS TECH UN	375,000.00	40,837.50	415,837.50	2,420,000.00	665.50
		TOTALS:	458,056.05	55,298.84	513,354.89	5,114,235.61	899.68
							899.68	Service Fees due

(0.55) Loan 020018601 not yet paid for 2/07

1

Capmark Finance

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of March 1, 2007 through March 31, 2007

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

Capmark Finance

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of March 1, 2007 through March 31, 2007

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  March 31, 2007

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	75000	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	660152.85	12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	59000	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
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	112999.99	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	2203179.56	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	333000	3012013
20019504	TEXAS TECH. UNIVERSITY	3.375	2045000	3012012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3	93000	6012021
20020001	UNIVERSITY OF ALABAMA	3	1346000	5012021
20021301	UNIVERSITY OF MONTEVALLO	3	191000	5012023

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	69000	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	875000	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	191036.6	6302009
20023501	McDANIEL COLLEGE	3	840000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	20000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	370000	10012017
			28,556,737.58
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:		69,178,987.87

2

Capmark Finance

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of  March 31, 2007

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  March 31, 2007

None to report for this period

Capmark Finance

College and University Loan Trust I

Collection Account Activity Report

For the Period of April 1, 2007 through April 30, 2007

Collections:
Principal Payments	749,956.43
Interest Payments	213,894.70
Total Principal and Interest Collections	963,851.13
Payments and Reversals Posted to Suspense	—
Total Collections	963,851.13
Less: Servicing Fees (not withheld from remittances)	(3,405.70	)
Net Collections	960,445.43

Capmark Finance

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of April 1, 2007 through April 30, 2007

Date Due	Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
4012007	20000601	ALMA COLLEGE	50,000.00	3,000.00	53,000.00	200,000.00	55.00
4012007	20001301	AUGSBERG COLL	80,000.00	13,200.00	93,200.00	880,000.00	242.00
4012007	20002102	BIRMINGHAM SO	0.00	2,400.00	2,400.00	160,000.00	44.00
4012007	20003001	CASE WESTERN	110,000.00	18,525.00	128,525.00	1,345,000.00	369.88
4012007	20004001	COLL.OF ST. T	30,000.00	5,775.00	35,775.00	385,000.00	105.88
4012007	20005201	DANIEL WEBSTE	15,000.00	3,450.00	18,450.00	230,000.00	63.25
4012007	20012101	MIDDLEBURY CO	40,000.00	12,150.00	52,150.00	810,000.00	222.75
4012007	20013501	NEW ENGLAND C	0.00	3,715.62	3,715.62	204,999.99	56.37
4012007	20013502	NEW ENGLAND C	45,000.00	10,575.00	55,575.00	705,000.00	193.88
4012007	20016101	RIVERSIDE HOS	19,000.00	285.00	19,285.00	38,000.00	10.45
4012007	20016201	RIVIER COLLEG	45,000.00	6,941.87	51,941.87	383,000.00	105.33
4012007	20021701	UNIV. OF NOTR	80,000.00	17,850.00	97,850.00	1,190,000.00	327.25
4012007	20022601	UNIV.OF STEUB	22,000.00	2,446.88	24,446.88	145,000.00	39.88
4012007	20022602	UNIV.OF STEUB	17,000.00	3,270.00	20,270.00	218,000.00	59.95
4012007	20000101	ALBION COLLEG	0.00	12,000.00	12,000.00	800,000.00	220.00
4012007	20004401	R.I. JR. COLL	10,000.00	3,840.00	13,840.00	256,000.00	70.40
4012007	20006401	KS.ST.TEACHER	45,000.00	1,875.00	46,875.00	125,000.00	34.38
4012007	20009302	JARVIS CHRIST	25,000.00	5,820.00	30,820.00	388,000.00	106.70
4012007	20012601	MISSOURI WEST	0.00	1,005.00	1,005.00	67,000.00	18.43
4012007	20018001	ST.EDWARDS	14,000.00	1,975.62	15,975.62	109,000.00	29.98
4012007	20019401	TEXAS COLLEGE	35,000.00	525.00	35,525.00	35,000.00	9.63
4012007	20023901	XAVIER UNIV.	0.00	5,550.00	5,550.00	370,000.00	101.75
4012007	20018302	ST. MICHAELS	25,000.00	450.00	25,450.00	30,000.00	8.25
4012007	20019101	TAYLOR UNIV.	0.00	3,450.00	3,450.00	230,000.00	63.25
4012007	20022701	UNIV OF VERMO	63,000.00	29,550.00	92,550.00	1,970,000.00	541.75
4012007	20023601	WSTRN WASH. S	0.00	300.00	300.00	20,000.00	5.50
4012007	20001401	AZUSA UNIVERS	40,000.00	7,845.00	47,845.00	523,000.00	143.83
4012007	20012901	MONTEREY JR C	0.00	3,000.00	3,000.00	200,000.00	55.00
4072007	20018701	SUOMI COLLEGE	7,435.38	6,640.14	14,075.52	2,203,179.56	100.98	Divide by 12 (020018701)
		TOTALS:	817,435.38	187,410.13	1,004,845.51	14,220,179.55	3,405.70
							3,405.70	Service Fees due

(0.55)  Loan 020018601 not yet paid for 2/07

1

Capmark Finance

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of April 1, 2007 through April 30, 2007

Loan Number	Payoff Date	Total Amount Paid	Principal Amount	Interest Amount	Other Fees	Maturity Date
20016101	4182007	19,000.00	19,000.00	—		4012007
20019401	4032007	35,525.00	35,000.00	525.00		4012007
	TOTAL:	54,525.00	54,000.00	525.00	—

2

Capmark Finance

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of April 1, 2007 through April 30, 2007

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  April 30, 2007

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	150000	4012010
20000902	ANDERSON COLLEGE	3	75000	3012010
20001201	ATLANTIC UNION COLLEGE	3	158636.92	5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3	800000	4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3	483000	4012017
20002102	BIRMINGHAM SOUTHERN COLLEGE	3	160000	10012010
20002401	BOSTON UNIVERITY	3	660152.85	12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	59000	2012010
20002701	CALIFORNIA STATE UNIVERSITY	3	1020000	11012012
20002801	CARNEGIE MELLON UNIVERSITY	3	382000	11012017
20003001	CASE WESTERN RESERVE UNIVERSIT	3	1235000	4012016
20003901	COLLEGE OF CHARLESTON	3	605000	7012016
20004001	COLLEGE OF ST. THOMAS	3	355000	4012017
20004401	R.I. JR. COLLEGE	3	246000	4012018
20004501	CONCORDIA TEACHERS COLLEGE	3	289999.99	5012011
20005201	DANIEL WEBSTER COLLEGE	3	215000	4012019
20006401	EMPORIA STATE UNIVERSITY	3	80000	4012009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3	82153.16	11012020
20008301	HARCUM COLLEGE	3	420000	11012015
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3	363000	4012019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3	76000	8012009
20010801	LONG ISLAND UNIVERSITY	3	393999.98	6012016
20012101	MIDDLEBURY COLLEGE	3	770000	4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3	20000	7012008
20012501	MISSOURI SOUTHERN STATE COLLEG	3	112999.99	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	660000	4012019
20014401	OLD DOMINION UNIVERSITY	3	1114999.99	6012013
20016201	RIVIER COLLEGE	3.625	338000	4012014
20016401	CALIFORNIA STATE UNIVERSITY	3	290000	11012021
20016501	CALIFORNIA STATE UNIVERSITY	3	610000	11012021
20016601	SARAH LAWRENCE COLLEGE	3	801792.64	11012021
20017801	SPRINGFIELD COLLEGE	3	69541.66	5012011
20018001	ST.EDWARDS UNIVERSITY	3.625	95000	4012013
20018302	ST. MICHAELS COLLEGE	3	5000	4012008
20018601	STILLMAN COLLEGE	3	2000	2012007
20018701	FINLANDIA UNIVERSITY	3.5	2195744.18	8062014
20018802	SUSQUEHANNA UNIVERSITY	3.625	235000	11012014
20018901	SWARTHMORE COLLEGE	3	72323.2	11012013
20019101	TAYLOR UNIVERISTY	3	230000	10012010
20019201	TEMPLE UNIVERSITY	3.375	268000	11012014
20019502	TEXAS TECH. UNIVERSITY	3.625	333000	3012013
20019504	TEXAS TECH. UNIVERSITY	3.375	2045000	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	69000	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	875000	1012018

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3	1110000	4012018
20022601	UNIVERSITY OF STEUBENVILLE	3.375	123000	4012012
20022602	UNIVERSITY OF STEUBENVILLE	3	201000	4012017
20022701	UNIVERSITY OF VERMONT	3	1907000	10012019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3	191036.6	6302009
20023501	McDANIEL COLLEGE	3	840000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	20000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	370000	10012017
			27,806,781.15
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:		67,679,075.01

2

Capmark Finance

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of  April 30, 2007

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
20018601	STILLMAN COLLEGE	02/01/07	2,030.00	2,000.00
TOTAL			11,029.98	395,999.98

Capmark Finance

College and University Loan Trust I

Liquidation Report

As of  April 30, 2007

None to report for this period

Capmark Finance

College and University Loan Trust I

Collection Account Activity Report

For the Period of May 1, 2007 through May 31, 2007

Collections:
Principal Payments	247,539.46
Interest Payments	97,262.09
Total Principal and Interest Collections	344,801.55
Payments and Reversals Posted to Suspense	—
Total Collections	344,801.55
Less: Servicing Fees (not withheld from remittances)	(2,208.80	)
Net Collections	342,592.75

Capmark Finance

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Period of May 1, 2007 through May 31, 2007

Date Due	Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
5012007	20000401	ALFRED UNIVER	0.00	705.00	705.00	47,000.00	12.93
5012007	20001201	ATLANTIC UNIO	3,610.89	2,379.55	5,990.44	158,636.92	43.63
5012007	20002701	CALIFORNIA ST	0.00	15,300.00	15,300.00	1,020,000.00	280.50
5012007	20002801	CARNEGIE-MELL	15,000.00	5,955.00	20,955.00	397,000.00	109.18
5012007	20004501	CONCORDIA TEA	30,000.00	4,350.00	34,350.00	289,999.99	79.75
5012007	20006502	FAIRLEIGH DIC	2,382.52	1,232.30	3,614.82	82,153.16	22.59
5012007	20008301	HARCUM JR COL	0.00	6,300.00	6,300.00	420,000.00	115.50
5012007	20013301	MORRIS COLLEG	0.00	7,500.00	7,500.00	500,000.00	137.50
5012007	20016401	CALIFORNIA ST	0.00	4,350.00	4,350.00	290,000.00	79.75
5012007	20016501	CALIFORNIA ST	0.00	9,150.00	9,150.00	610,000.00	167.75
5012007	20016601	SARAH LAWRENC	22,909.22	12,370.52	35,279.74	824,701.86	226.79
5012007	20017801	SPRINGFIELD C	7,274.78	1,043.12	8,317.90	69,541.66	19.12
5072007	20018701	SUOMI COLLEGE	7,671.27	6,404.25	14,075.52	2,195,744.18	100.64	Divide by 12 (020018701)
5012007	20018802	SUSQUEHANNA U	0.00	4,259.37	4,259.37	235,000.00	64.63
5012007	20018901	SWARTHMORE CO	4,611.83	1,154.03	5,765.86	76,935.03	21.16
5012007	20019201	TEMPLE UNIV.	0.00	4,522.50	4,522.50	268,000.00	73.70
5012007	20020001	UNIV. OF ALAB	75,000.00	20,190.00	95,190.00	1,346,000.00	370.15
5012007	20021301	UNIV OF MONTE	9,000.00	2,865.00	11,865.00	191,000.00	52.53
5012007	20023501	WSTRN MARYLAN	0.00	12,600.00	12,600.00	840,000.00	231.00
		TOTALS:	177,460.51	122,630.64	300,091.15	9,861,712.80	2,208.80
							2,208.80	Service Fees due

(0.55)   Loan 020018601 not yet paid for 2/07

Capmark Finance

College & Trust Facility Loan Trust I

Paid-in-Full Loans

For the Period of May 1, 2007 through May 31, 2007

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

Capmark Finance

College and University Loan Trust I

Summary of Partial Prepayments

For the Period of May 1, 2007 through May 31, 2007

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  May 31, 2007

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	150000	4012010
20000902	ANDERSON COLLEGE	3	75000	3012010
20001201	ATLANTIC UNION COLLEGE	3	155026.03	5012023
20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	3	800000	4012016
20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	3	483000	4012017
20002102	BIRMINGHAM SOUTHERN COLLEGE	3	160000	10012010
20002401	BOSTON UNIVERITY	3	660152.85	12312022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3	59000	2012010
20002701	CALIFORNIA STATE UNIVERSITY	3	1020000	11012012
20002801	CARNEGIE MELLON UNIVERSITY	3	382000	11012017
20003001	CASE WESTERN RESERVE UNIVERSIT	3	1125000	4012016
20003901	COLLEGE OF CHARLESTON	3	605000	7012016
20004001	COLLEGE OF ST. THOMAS	3	355000	4012017
20004401	R.I. JR. COLLEGE	3	246000	4012018
20004501	CONCORDIA TEACHERS COLLEGE	3	259999.99	5012011
20005201	DANIEL WEBSTER COLLEGE	3	215000	4012019
20006401	EMPORIA STATE UNIVERSITY	3	80000	4012009
20006502	FAIRLEIGH DICKINSON UNIVERSITY	3	79770.64	11012020
20008301	HARCUM COLLEGE	3	420000	11012015
20009302	JARVIS CHRISTIAN  COLLEGE - BND 69A	3	363000	4012019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3	76000	8012009
20010801	LONG ISLAND UNIVERSITY	3	393999.98	6012016
20012101	MIDDLEBURY COLLEGE	3	770000	4012018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3	20000	7012008
20012501	MISSOURI SOUTHERN STATE COLLEG	3	112999.99	12012008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3	67000	10012008
20012901	MONTEREY PENINSULA JR. COLLEGE	3	200000	10012018
20013001	MONTREAT-ANDERSON COLLEGE	3	71800	12012019
20013301	MORRIS COLLEGE - BONDS 1983	3	500000	11012013
20013501	NEW ENGLAND COLLEGE	3.625	204999.99	10012013
20013502	NEW ENGLAND COLLEGE	3	660000	4012019
20014401	OLD DOMINION UNIVERSITY	3	1114999.99	6012013
20016201	RIVIER COLLEGE	3.625	338000	4012014
20016401	CALIFORNIA STATE UNIVERSITY	3	290000	11012021
20016501	CALIFORNIA STATE UNIVERSITY	3	610000	11012021
20016601	SARAH LAWRENCE COLLEGE	3	801792.64	11012021
20017801	SPRINGFIELD COLLEGE	3	62266.88	5012011
20018001	ST.EDWARDS UNIVERSITY	3.625	95000	4012013
20018302	ST. MICHAELS COLLEGE	3	5000	4012008
20018601	STILLMAN COLLEGE	3	2000	2012008
20018701	FINLANDIA UNIVERSITY	3.5	2188072.91	8062014
20018802	SUSQUEHANNA UNIVERSITY	3.625	235000	11012014
20018901	SWARTHMORE COLLEGE	3	72323.2	11012013
20019101	TAYLOR UNIVERISTY	3	230000	10012010
20019201	TEMPLE UNIVERSITY	3.375	268000	11012014
20019502	TEXAS TECH. UNIVERSITY	3.625	333000	3012013
20019504	TEXAS TECH. UNIVERSITY	3.375	2045000	3012012
20019601	TOUGALOO COLLEGE/ DORM BONDS 1981	3	93000	6012021
20020001	UNIVERSITY OF ALABAMA	3	1271000	5012021
20021301	UNIVERSITY OF MONTEVALLO	3	182000	5012023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3	69000	1012013
20021603	UNIVERSITY OF NORTH CAROLINA	3	875000	1012018

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	3	1110000	4012018
20022601	UNIVERSITY OF STEUBENVILLE	3.375	123000	4012012
20022602	UNIVERSITY OF STEUBENVILLE	3	201000	4012017
20022701	UNIVERSITY OF VERMONT	3	1907000	10012019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3	191036.6	6302009
20023501	McDANIEL COLLEGE	3	840000	11012016
20023601	WESTERN WASHINGTON STATE COLLEGE	3	20000	10012007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3	370000	10012017
			27,559,241.69
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:		67,183,996.09

2

Capmark Finance

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

As of  May 31, 2007

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
20018601	STILLMAN COLLEGE	02/01/07	2,030.00	2,000.00
TOTAL			11,029.98	395,999.98

Capmark Finance

College and University Loan Trust I

Liquidation Report

As of  May 31, 2007

None to report for this period

Capmark Finance

College and University Loan Trust I

Collection Account Activity Report

For the Quarter Ended December 31, 2006

	October		November		December
Collections:
Principal Payments	652,370.04		534,255.87		115,076.21
Interest Payments	221,097.03		108,632.50		46,485.10
Total Principal and Interest Collections	873,467.07		642,888.37		161,561.31
Payments and Reversals Posted to Suspense	—		—		—
Total Collections	873,467.07		642,888.37		161,561.31
Less: Servicing Fees (not withheld from remittances)	(3,523.57	)	(2,376.47	)	(858.82	)
Net Collections	869,943.50		640,511.90		160,702.49

Capmark Finance

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Quarter Ended December 31, 2006

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
October
10012006	20000101	ALBION COLLEG	80,000.00	13,200.00	93,200.00	880,000.00	242.00
10012006	20000601	ALMA COLLEGE	—	3,000.00	3,000.00	200,000.00	55.00
10012006	20001301	AUGSBERG COLL	—	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	—	18,525.00	18,525.00	1,235,000.00	339.63
10012006	20004001	COLL.OF ST. T	—	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	—	1,875.00	1,875.00	125,000.00	34.38
10012006	20009302	JARVIS CHRIST	—	5,820.00	5,820.00	388,000.00	106.70
10012006	20016101	RIVERSIDE HOS	—	285.00	285.00	19,000.00	5.23
10012006	20018001	ST.EDWARDS	—	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	—	2,446.88	2,446.88	145,000.00	39.88
10012006	20022602	UNIV.OF STEUB	—	3,270.00	3,270.00	218,000.00	59.95
10012006	20005201	DANIEL WEBSTE	—	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	—	10,575.00	10,575.00	705,000.00	193.88
10012006	20016201	RIVIER COLLEG	—	6,941.87	6,941.87	383,000.00	105.33
10012006	20019401	TEXAS COLLEGE	—	525.00	525.00	35,000.00	9.63
10012006	20021701	UNIV. OF NOTR	—	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	—	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	—	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
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
November
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
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	—	20,190.00	20,190.00	1,346,000.00	370.15
11012006	20021301	UNIV OF MONTE	—	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
December
12302006	20002401	BOSTON UNIVER	15,984.85	10,142.07	26,126.92	676,137.70	185.94
12012006	20010801	LONG ISLAND U	—	5,775.00	5,775.00	393,999.98	108.35
12012006	20012501	MISSOURI SOUT	55,000.00	2,520.00	57,520.00	167,999.99	46.20
12012006	20013001	MONTREAT-ANDE	2,600.00	1,155.00	3,755.00	77,000.00	21.18
12012006	20014401	DOMNION UNIV.	—	16,725.00	16,725.00	1,114,999.99	306.62
12072006	20018701	SUOMI COLLEGE	7,560.99	6,514.53	14,075.52	2,233,552.06	102.37
12012006	20019601	TOUGALOO COLL	0.00	1,395.00	1,395.00	93,000.00	25.58
12302006	20023102	VANDERBLT/GEO	36,530.37	3,413.50	39,943.87	227,566.97	62.58
		TOTALS:	117,676.21	47,640.10	165,316.31	4,984,256.69	858.82
		TOTALS FOR 4th QTR	1,284,702.12	375,449.61	1,660,151.73	30,179,677.11	6,758.86

Capmark Finance

College and University Loan Trust I

Paid In Full Loan Schedule

For the Quarter Ended December 31, 2006

Loan Number	Payoff Date	Total Amount	Principal Amount	Interest Amount	Other Fees	Maturity Date
20002101	10/2/2006	8120	8000	120.00		10/1/2006
20021001	10/2/2006	137025	135000	2,025.00		10/1/2006
20001901	11/1/2006	12180	12000	180.00		11/1/2006
20008201	11/2/2006	16986.78	16986.78	—		11/1/2006
20018801	11/1/2006	20300	20000	300.00		11/1/2006
Totals		194,611.78	191,986.78	2,625.00	—

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

Capmark Finance

College and University Loan Trust I

Summary of Partial Prepayments

For the Quarter Ended December 31, 2006

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

Capmark Finance

College and University Loan Trust I

Trial Balance

For the Quarter Ended December 31, 2006

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
October
20000101	ALBION COLLEGE	3.00	800,000.00	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	158,636.92	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
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	160,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	676,137.70	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	68,000.00	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	605,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	385,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	256,000.00	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
20008201	HAMPSHIRE COLLEGE	3.00	16,986.78	11-01-2006
20008301	HARCUM COLLEGE	3.00	420,000.00	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	76,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	393,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	810,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	20,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	167,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	67,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	200,000.00	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	204,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	705,000.00	4-01-2019
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	824,701.86	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	69,541.66	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	2,240,873.84	8-06-2014
20018801	SUSQUEHANNA UNIVERSITY	3.00	20,000.00	11-01-2006

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
October
20018802	SUSQUEHANNA UNIVERSITY	3.63	260,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	76,935.03	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	230,000.00	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
20021301	UNIVERSITY OF MONTEVALLO	3.00	191,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	74,000.00	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	1,970,000.00	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	20,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	370,000.00	10-01-2017
	TOTALS:		29,812,881.17
November
20000101	ALBION COLLEGE	3.00	800,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	47,000.00	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	158,636.92	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
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	160,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	676,137.70	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	68,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,020,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	397,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,235,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	605,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	385,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	256,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	289,999.99	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	82,153.16	11-01-2020
20008301	HARCUM COLLEGE	3.00	420,000.00	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

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
November
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	76,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	393,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	810,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	20,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	167,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	67,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	200,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	74,400.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	500,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	204,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	705,000.00	4-01-2019
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	290,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	610,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	824,701.86	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	69,541.66	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	2,233,552.06	8-06-2014
20018802	SUSQUEHANNA UNIVERSITY	3.63	235,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	76,935.03	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	230,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	268,000.00	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
20021301	UNIVERSITY OF MONTEVALLO	3.00	191,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	74,000.00	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	1,970,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	227,566.97	6-30-2009
20023501	McDANIEL COLLEGE	3.00	840,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	20,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	370,000.00	10-01-2017
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	395,000.00	10-01-2017
	TOTALS:		29,673,625.30
December
20000101	ALBION COLLEGE	3.00	800,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	47,000.00	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	158,636.92	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
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	160,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	660,152.85	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	68,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,020,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	397,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,235,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	605,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	385,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	256,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	289,999.99	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	82,153.16	11-01-2020
20008301	HARCUM COLLEGE	3.00	420,000.00	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	76,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	393,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	810,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	20,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	112,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	67,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	200,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	74,400.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	500,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	204,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	705,000.00	4-01-2019
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	290,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	610,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	824,701.86	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	69,541.66	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	2,225,991.07	8-06-2014
20018802	SUSQUEHANNA UNIVERSITY	3.63	235,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	76,935.03	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	230,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	268,000.00	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
20021301	UNIVERSITY OF MONTEVALLO	3.00	191,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	74,000.00	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	1,970,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	191,036.60	6-30-2009
20023501	McDANIEL COLLEGE	3.00	840,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	20,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	370,000.00	10-01-2017
	TOTALS:		29,163,549.09

3

Capmark Finance

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

For the Quarter Ended December 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

For the Quarter Ended December 31, 2006

None to report for this period

Capmark Finance

College and University Loan Trust I

Collection Account Activity Report

For the Quarter Ended March 31, 2007

	January		February		March
Collections:
Principal Payments	132,922.97		16,388.83		458,056.05
Interest Payments	32,118.89		8,846.69		55,298.84
Total Principal and Interest Collections	165,041.86		25,235.52		513,354.89
Payments and Reversals Posted to Suspense	—		—		—
Total Collections	165,041.86		25,235.52		513,354.89
Less: Servicing Fees (not withheld from remittances)	(567.88	)	(141.29	)	(899.68	)
Net Collections	164,473.98		25,094.23		512,455.21

Capmark Finance

College & Trust Facility Loan Trust I

Service Fees Schedule

For the Quarter Ended March 31, 2007

Date Due	GMACCM Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Service Fees
January
1012007	20003901	COLL. OF CHAR	—	9,075.00	9,075.00	605,000.00	166.38
1012007	20009201	JACKSON ST.	50,000.00	750.00	50,750.00	50,000.00	13.75
1012007	20012401	MISSISSIPPI V	—	300.00	300.00	20,000.00	5.50
1072007	20018701	SUOMI COLLEGE	7,366.63	6,708.89	14,075.52	2,225,991.07	102.02
1012007	20021401	U OF NEBRASKA	5,000.00	1,110.00	6,110.00	74,000.00	20.35
1012007	20021603	NORTH CAROLIN	70,000.00	14,175.00	84,175.00	945,000.00	259.88
		TOTALS:	132,366.63	32,118.89	164,485.52	3,919,991.07	567.88
February
2012007	20002501	BRYAN COLLEGE	9,000.00	1,020.00	10,020.00	68,000.00	18.70
2012007	20010301	LAREDO MUN. J	—	1,140.00	1,140.00	76,000.00	20.90
2012007	20018601	STILLMAN COLL	2,000.00	30.00	2,030.00	2,000.00	0.55
2072007	20018701	SUOMI COLLEGE	7,388.83	6,686.69	14,075.52	2,218,624.44	101.69
							(0.55	)
		TOTALS:	18,388.83	8,876.69	27,265.52	2,364,624.44	141.29
March
3012007	20000902	ANDERSON COLL	25,000.00	1,500.00	26,500.00	100,000.00	27.50
3072007	20018701	SUOMI COLLEGE	8,056.05	6,019.47	14,075.52	2,211,235.61	101.35
3012007	20019502	TEXAS TECH UN	50,000.00	6,941.87	56,941.87	383,000.00	105.33
3012007	20019504	TEXAS TECH UN	375,000.00	40,837.50	415,837.50	2,420,000.00	665.50
		TOTALS:	458,056.05	55,298.84	513,354.89	5,114,235.61	899.68
	TOTALS FOR 4th QTR		608,811.51	96,294.42	705,105.93	11,398,851.12	1,608.85

Capmark Finance

College and University Loan Trust I

Paid In Full Loan Schedule

For the Quarter Ended March 31, 2007

Loan Number	Payoff Date	Total Amount	Principal Amount	Interest Amount	Other Fees	Maturity Date
20009201	1/3/2007	50750	50000	750.00		1/1/2007
Totals		50,750.00	50,000.00	750.00	—

Capmark Finance

College and University Loan Trust I

Summary of Partial Prepayments

For the Quarter Ended March 31, 2007

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

Capmark Finance

College and University Loan Trust I

Trial Balance

For the Quarter Ended March 31, 2007

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
January
20000101	ALBION COLLEGE	3.00	800,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	47,000.00	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	158,636.92	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
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	160,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	660,152.85	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	68,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,020,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	397,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,235,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	605,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	385,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	256,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	289,999.99	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	82,153.16	11-01-2020
20008301	HARCUM COLLEGE	3.00	420,000.00	11-01-2015
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	388,000.00	4-01-2019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	76,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	393,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	810,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	20,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	112,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	67,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	200,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	74,400.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	500,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	204,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	705,000.00	4-01-2019
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	290,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	610,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	824,701.86	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	69,541.66	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	2,218,624.44	8-06-2014
20018802	SUSQUEHANNA UNIVERSITY	3.63	235,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	76,935.03	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	230,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	268,000.00	11-01-2014

1

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
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
20021301	UNIVERSITY OF MONTEVALLO	3.00	191,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	69,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	875,000.00	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	1,970,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	191,036.60	6-30-2009
20023501	McDANIEL COLLEGE	3.00	840,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	20,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	370,000.00	10-01-2017
	TOTALS:		29,031,182.46
February
20000101	ALBION COLLEGE	3.00	800,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	47,000.00	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	158,636.92	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
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	160,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	660,152.85	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	59,000.00	2-01-2010
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,020,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	397,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,235,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	605,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	385,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	256,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	289,999.99	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	82,153.16	11-01-2020
20008301	HARCUM COLLEGE	3.00	420,000.00	11-01-2015
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	388,000.00	4-01-2019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	76,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	393,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	810,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	20,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	112,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	67,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	200,000.00	10-01-2018

2

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20013001	MONTREAT-ANDERSON COLLEGE	3.00	74,400.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	500,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	204,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	705,000.00	4-01-2019
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	290,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	610,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	824,701.86	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	69,541.66	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	2,211,235.61	8-06-2014
20018802	SUSQUEHANNA UNIVERSITY	3.63	235,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	76,935.03	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	230,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	268,000.00	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
20021301	UNIVERSITY OF MONTEVALLO	3.00	191,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	69,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	875,000.00	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	1,970,000.00	10-01-2019
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	191,036.60	6-30-2009
20023501	McDANIEL COLLEGE	3.00	840,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	20,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	370,000.00	10-01-2017
	TOTALS:		29,014,793.63
March
20000101	ALBION COLLEGE	3.00	800,000.00	10-01-2015
20000401	UNIVERSITY OF ALFRED	3.00	47,000.00	11-01-2007
20000601	ALMA COLLEGE	3.00	200,000.00	4-01-2010
20000902	ANDERSON COLLEGE	3.00	75,000.00	3-01-2010
20001201	ATLANTIC UNION COLLEGE	3.00	158,636.92	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
20002102	BIRMINGHAM SOUTHERN COLLEGE	3.00	160,000.00	10-01-2010
20002401	BOSTON UNIVERITY	3.00	660,152.85	12-31-2022
20002501	WILLIAM JENNINGS BRYAN COLLEGE	3.00	59,000.00	2-01-2010

3

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20002701	CALIFORNIA STATE UNIVERSITY	3.00	1,020,000.00	11-01-2012
20002801	CARNEGIE MELLON UNIVERSITY	3.00	397,000.00	11-01-2017
20003001	CASE WESTERN RESERVE UNIVERSIT	3.00	1,235,000.00	4-01-2016
20003901	COLLEGE OF CHARLESTON	3.00	605,000.00	7-01-2016
20004001	COLLEGE OF ST. THOMAS	3.00	385,000.00	4-01-2017
20004401	R.I. JR. COLLEGE	3.00	256,000.00	4-01-2018
20004501	CONCORDIA TEACHERS COLLEGE	3.00	289,999.99	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	82,153.16	11-01-2020
20008301	HARCUM COLLEGE	3.00	420,000.00	11-01-2015
20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	3.00	388,000.00	4-01-2019
20010301	LAREDO MUNICIPAL JR. COLLEGE	3.00	76,000.00	8-01-2009
20010801	LONG ISLAND UNIVERSITY	3.00	393,999.98	6-01-2016
20012101	MIDDLEBURY COLLEGE	3.00	810,000.00	4-01-2018
20012401	MISSISSIPPI VALLEY ST. COLLEGE	3.00	20,000.00	7-01-2008
20012501	MISSOURI SOUTHERN STATE COLLEG	3.00	112,999.99	12-01-2008
20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	3.00	67,000.00	10-01-2008
20012901	MONTEREY PENINSULA JR. COLLEGE	3.00	200,000.00	10-01-2018
20013001	MONTREAT-ANDERSON COLLEGE	3.00	74,400.00	12-01-2019
20013301	MORRIS COLLEGE - BONDS 1983	3.00	500,000.00	11-01-2013
20013501	NEW ENGLAND COLLEGE	3.63	204,999.99	10-01-2013
20013502	NEW ENGLAND COLLEGE	3.00	705,000.00	4-01-2019
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	290,000.00	11-01-2021
20016501	CALIFORNIA STATE UNIVERSITY	3.00	610,000.00	11-01-2021
20016601	SARAH LAWRENCE COLLEGE	3.00	824,701.86	11-01-2021
20017801	SPRINGFIELD COLLEGE	3.00	69,541.66	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	2,203,179.56	8-06-2014
20018802	SUSQUEHANNA UNIVERSITY	3.63	235,000.00	11-01-2014
20018901	SWARTHMORE COLLEGE	3.00	76,935.03	11-01-2013
20019101	TAYLOR UNIVERISTY	3.00	230,000.00	10-01-2010
20019201	TEMPLE UNIVERSITY	3.38	268,000.00	11-01-2014
20019401	TEXAS STATE COLLEGE	3.00	35,000.00	4-01-2007
20019502	TEXAS TECH. UNIVERSITY	3.63	333,000.00	3-01-2013
20019504	TEXAS TECH. UNIVERSITY	3.38	2,045,000.00	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
20021301	UNIVERSITY OF MONTEVALLO	3.00	191,000.00	5-01-2023
20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	3.00	69,000.00	1-01-2013
20021603	UNIVERSITY OF NORTH CAROLINA	3.00	875,000.00	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	1,970,000.00	10-01-2019

4

GMACCM Number	Borrower Name	Interest Rate	Current UPB	Maturity Date
20023102	VANDERBILT UNIV - 1979 MAYFIELD	3.00	191,036.60	6-30-2009
20023501	McDANIEL COLLEGE	3.00	840,000.00	11-01-2016
20023601	WESTERN WASHINGTON STATE COLLEGE	3.00	20,000.00	10-01-2007
20023901	XAVIER UNIVERSITY OF LOUISIANA	3.00	370,000.00	10-01-2017
	TOTALS:		28,556,737.58

5

Capmark Finance

College & Trust Facility Loan Trust I

Delinquency Report (60+Days)

For the Quarter Ended March 31, 2007

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, Inc.

College and University Loan Trust I

Remittance Report for December 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
12012006		20061201	20012501	MISSOURI SOUTHERN STATE COLLEGE	66,000.00	2,520.00	57,520.00	167,999.99	55,000.00	2,520.00	—		57,520.00
12012006		20061201	20014401	OLD DOMINION UNIVERSITY	—	16,725.00	16,725.00	1,114,999.99	—	16,725.00	—		16,725.00
System Credits 12/1															74,245.00
System Debits 12/1
Bank Credit 12/1
Bank Debit 12/1
Trustee Wire 12/1
20061205		12012006	20010801	LONG ISLAND UNIVERSITY	—	5,775.00	5,775.00	393,99.98	—	5,775.00	—		5,775.00
20061205		12012006	20019601	TOUGALOO COLLEGE/ DORM BONDS 19	—	1,395.00	1,395.00	93,000.00	—	1,395.00	—		1,395.00
System Credits 12/5															7,170.00
System Debits 12/5
Bank Credit 12/5																	74,245.00
Bank Debit 12/5
Trustee Wire 12/5																		74,245.00
20061207		12072006	20018701	SUOMI COLLEGE	7,560.99	6,514.53	14,075.52	2,233,552.06	7,560.99	6,514.53	—		14,075.52
System Credits 12/7															14,075.52
System Debits 12/7
Bank Credit 12/7																	7,170.00
Bank Debit 12/7
Trustee Wire 12/7																		7,170.00
20061208			20008201	HAMPSHIRE COLLEGE					—	—	556.34		556.34
System Credits 12/11															556.34
System Debits 12/11
Bank Credit 12/11																	14,075.52
Bank Debit 12/11
Trustee Wire 12/11																		11,699.05
20061218			20008201	HAMPSHIRE COLLEGE					—	—	(556.34	)	(556.34	)
System Credits 12/12
System Debits 12/12 (Payment Reversal)															(666.34	)
Bank Credit 12/12																	556.34
Bank Debit 12/12 (Service Fee)																			(2,376.47	)
Trustee Wire 12/12																		556.34
20061221		12302006	20023102	VANDERBILT UNIV - 1979 MAYFIELD	36,530.37	3,413.50	39,943.87	227,566.97	36,530.37	3,413.50	—		39,943.87
System Credits 12/21															39,943.87
System Debits 12/20
Bank Credit 12/20
Bank Debit 12/20(Payment Reversal)																			556.34
Trustee Wire 12/20
20061229		12302006	20002401	BOSTON UNIVERSITY	15,984.85	10,142.07	26,126.92	676,137.70	15,984.85	10,142.07	—		26,126.92
System Credits 12/25															26,126.92
System Debits 12/25
Bank Credit 12/25																	39,943.87
Bank Debit 12/25
Trustee Wire 12/25																		39,387.530
				TOTALS:	115,076.21	46,485.10	181,581.31	4,907,256.69	115,076.21	46.485.10	—		161.561.31		161.561.31		135,990.73	133,057.92	(182.13	)
Loans Due in Current Period and Paid in Prior Period:
11/22/2006	12012006		20013001	MONTREAT-ANDE	2,600.00	1,155.00	3,755.00	77,000.00
				TOTALS:	2,600.00	1,155.00	3,755.00	77,000.00
Loans Due in Current Period Not Yet Paid:
None
				TOTALS:	—	—	—	—
				GRAND TOTAL:	117,676.21	47,640.10	165,316.31	4,984,256.69

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

December-06

Total System Credits @ 12/31		161,561.31
Total Bank Credits @ 12/31		135,990.73
	In Transit
	Payment Reversal
12/12/06	Payment Reversal	(556.34	)
12/30/2006	In Transit	26,126.92
Adjusted Bank Credits:		161,561.31
		—

Total Bank Credits @ 12/31		135,990.73
Total Debits to Trustee@ 12/31		133,057.92
12/12/06	Service Fees	2,376.47
12/12/06	Payment Reversal	556.34
	Payment Reversal
Adjusted Debits to Trustee		135,990.73
		(0.00	)

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report for January 2007

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
20070103	1012007	20003901	COLLEGE OF CHARLESTON	—	9,075.00	9,075.00	605,000.00	—	9,075.00	—	9,075.00
20070103	1012007	20009201	JACKSON STATE COLLEGE	50,000.00	750.00	50,750.00	50,000.00	50,000.00	750.00	—	50,750.00
System Credits 1/3												59,825.00
System Debits 1/3
Bank Credit 1/3													26,126.92
Bank Debit 1/3
Trustee Wire 1/3														26,126.92
20070105	1012007	20012401	MISSISSIPPI VALLEY ST. COLLEGE	—	300.00	300.00	20,000.00	—	299.99	—	299.99
20070105	7012007	20012401	MISSISSIPPI VALLEY ST. COLLEGE					—	0.01	—	0.01
System Credits 1/5												300.00
System Debits 1/5
Bank Credit 1/5													59,825.00
Bank Debit 1/8 (Service Fee)															858.82
Trustee Wire 1/5														58,966.18
20070108	1072007	20018701	FINLANDIA UNIVERSITY	7,366.63	6,708.89	14,075.52	2,225,991.07	7,366.63	6,708.89	—	14,075.52
System Credits 1/9												14,075.52
System Debits 1/9
Bank Credit 1/9													300.00
Bank Credit 1/9
Trustee Wire 1/9														300.00
20070110	1012007	20021401	UNIV.OF NEBRASKA/ AG MENS CLUB	5,000.00	1,110.00	6,110.00	74,000.00	5,000.00	1,110.00	—	6,110.00
20070110	1012007	20021603	UNIVERSITY OF NORTH CAROLINA	70,000.00	14,175.00	84,175.00	945,000.00	70,000.00	14,175.00	—	84,175.00
System Credits 1/10												90,285.00
System Debits 1/10
Bank Credit 1/10													14,075.52
Bank Debit 1/10
Trustee Wire 1/10														14,075.52
20070130		20008201	HAMSHIRE COLEGE					556.34	—	—	556.34
System Credits 1/12												556.34
System Debits 1/12
Bank Credit 1/12													90,285.00
Bank Debit 1/12
Trustee Wire 1/12														90,285.00
			TOTALS:	132,366.63	32,118.89	164,485.52	3,919,991.07	132,922.97	32,118.89	—	165,041.86	165,041.86	190,612.44	189,753.62	858.82
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
None
			TOTALS:	—	—	—	—
			GRAND TOTAL:	132,366.63	32,118.89	164,485.52	3,919,991.07

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

January-07

Total System Credits @ 1/31		165,041.86
Total Bank Credits @ 1/31		190,612.44
12/30/06	In Transit	(26,126.92	)
	Payment Reversal
	Payment Reversal
1/31/2007	In Transit	556.34
Adjusted Bank Credits:		165,041.86
		—

Total Bank Credits @ 1/31		190,612.44
Total Debits to Trustee@ 1/31		189,753.62
01/08/07	Service Fees	858.82
	Payment Reversal
	Payment Reversal
Adjusted Debits to Trustee		190,612.44
		—

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report for February 2007

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
20070205	2012007	20002501	WILLIAM JENNINGS BRYAN COLLEGE	9,000.00	1,020.00	10,020.00	68,000.00	9,000.00	1,020.00	—	10,020.00
System Credits 2/5												10,020.00
System Debits 2/5
Bank Credit 2/5													556.34
Bank Debit 2/5
Trustee Wire 2/5														556.34
20070206	2012007	20010301	LAREDO MUNICIPAL JR. COLLEGE	—	1,140.00	1,140.00	76,000.00	—	1,140.00	—	1,140.00
System Credits 2/7												1,140.00
System Debits 2/7
Bank Credit 2/7													10,020.00
Bank Debit 2/8 (Service Fee)															567.88
Trustee Wire 2/7														9,452.12
20070207	2072007	20018701	FINLANDIA UNIVERSITY	7,388.83	6,686.69	14,075.52	2,218,624.44	7,388.83	6,686.69	—	14,075.52
System Credits 2/8												14,075.52
System Debits 2/8
Bank Credit 2/8													1,140.00
Bank Credit 2/8
Trustee Wire 2/8														1,140.00
Bank Credit 2/9													14,075.52
Trustee Wire 2/9														14,075.52
			TOTALS:	16,388.83	8,846.69	25,235.52	2,362,624.44	16,388.83	8,846.69	—	25,235.52	25,235.52	25,791.86	25,223.98	567.88
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
	2/1/2007	20018601	STILLMAN COLL	2,000.00	30.00	2,030.00	2,000.00
			TOTALS:	2,000.00	30.00	2,030.00	2,000.00
			GRAND TOTAL:	18,388.83	8,876.69	27,265.52	2,364,624.44

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

February-07

Total System Credits @ 2/28		25,235.52
Total Bank Credits @ 2/28		25,791.86
01/31/07	In Transit	(556.34	)
	Payment Reversal
	Payment Reversal
	In Transit
Adjusted Bank Credits:		25,235.52
		—

Total Bank Credits @ 2/28		25,791.86
Total Debits to Trustee @ 2/28		25,223.98
02/08/07	Service Fees	567.88
	Payment Reversal
	Payment Reversal
Adjusted Debits to Trustee		25,791.86
		0.00

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report for March 2007

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
20070302	3012007	20000902	ANDERSON COLLEGE	25,000.00	1,500.00	26,500.00	100,000.00	25,000.00	1,500.00	—	26,500.00
System Credits 3/2												26,500.00
System Debits 3/2
Bank Credit 3/2
Bank Debit 3/2
Trustee Wire 3/2
20070307	3072007	20018701	FINLANDIA UNIVERSITY	8,056.05	6,019.47	14,075.52	2,211,235.61	8,056.05	6,019.47	—	14,075.52
20070307	3012007	20019502	TEXAS TECH. UNIVERSITY	50,000.00	6,941.87	56,941.87	383,000.00	50,000.00	6,941.87	—	56,941.87
20070307	3012007	20019504	TEXAS TECH. UNIVERSITY	375,000.00	40,837.50	415,837.50	2,420,000.00	375,000.00	40,837.50	—	415,837.50
System Credits 3/6												486,854.89
System Debits 3/6
Bank Credit 3/6													26,500.00
Bank Debit 3/7 (Service Fee)															141.29
Trustee Wire 3/6														26,358.71
Bank Credit 3/9													486,854.89
Trustee Wire 3/9														486,854.89
			TOTALS:	458,056.05	55,298.84	513,354.89	5,114,235.61	458,056.05	55,298.84	—	513,354.89	513,354.89	513,354.89	513,213.60	141.29
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	458,056.05	55,298.84	513,354.89	5,114,235.61

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

March-07

Total System Credits @ 3/30		513,354.89
Total Bank Credits @ 3/30		513,354.89
	In Transit
	Payment Reversal
	Payment Reversal
	In Transit
Adjusted Bank Credits:		513,354.89
		—

Total Bank Credits @ 3/30		513,354.89
Total Debits to Trustee @ 3/30		513,213.60
03/07/07	Service Fees	141.29
	Payment Reversal
	Payment Reversal
Adjusted Debits to Trustee		513,354.89
		—

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report for April 2007

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
20070402	4012007	20000601	ALMA COLLEGE	50,000.00	3,000.00	53,000.00	200,000.00	50,000.00	3,000.00	—	53,000.00
20070402	4012007	20001301	AUGSBURG COLLEGE ACCT# AUGS466ADSU	80,000.00	13,200.00	93,200.00	880,000.00	80,000.00	13,200.00	—	93,200.00
20070402	4012007	20002102	BIRMINGHAM SOUTHERN COLLEGE	—	2,400.00	2,400.00	160,000.00	—	2,400.00	—	2,400.00
20070402	4012007	20003001	CASE WESTERN RESERVE UNIVERSIT	110,000.00	18,525.00	128,525.00	1,345,000.00	—	18,525.00	—	18,525.00
20070402	4012007	20004001	COLLEGE OF ST. THOMAS	30,000.00	5,775.00	35,775.00	385,000.00	30,000.00	5,775.00	—	35,775.00
20070402	4012007	20005201	DANIEL WEBSTER COLLEGE	15,000.00	3,450.00	18,450.00	230,000.00	15,000.00	3,450.00	—	18,450.00
20070402	4012007	20012101	MIDDLEBURY COLLEGE	40,000.00	12,150.00	52,150.00	810,000.00	40,000.00	12,150.00	—	52,150.00
20070402	4012007	20013501	NEW ENGLAND COLLEGE	—	3,715.62	3,715.62	204,999.99	—	3,715.62	—	3,715.62
20070402	4012007	20013502	NEW ENGLAND COLLEGE	45,000.00	10,575.00	55,575.00	705,000.00	45,000.00	10,575.00	—	55,575.00
20070402	4012007	20016101	RIVERSIDE HOSPITAL	19,000.00	285.00	19,285.00	38,000.00	—	285.00	—	285.00
20070402	4012007	20016201	RIVIER COLLEGE	45,000.00	6,941.87	51,941.87	383,000.00	45,000.00	6,941.86	—	51,941.86
20070402	10012007	20016201	RIVIER COLLEGE					—	0.02	—	0.02
20070402	4012007	20021701	UNIVERSITY OF NOTRE DAME - BONDS 1968	80,000.00	17,850.00	97,850.00	1,190,000.00	80,000.00	17,850.00	—	97,850.00
20070402	4012007	20022601	UNIVERSITY OF STEUBENVILLE	22,000.00	2,446.88	24,446.88	145,000.00	22,000.00	2,446.88	—	24,446.88
20070402	4012007	20022602	UNIVERSITY OF STEUBENVILLE	17,000.00	3,270.00	20,270.00	218,000.00	17,000.00	3,270.00	—	20,270.00
System Credits 4/3												527,584.38
System Debits 4/3
Bank Credit 4/3
Bank Debit 4/3
Trustee Wire 4/3
20070403	4012007	20000101	ALBION COLLEGE	—	12,000.00	12,000.00	800,000.00	—	12,000.00	—	12,000.00
20070403	4012007	20004401	R.I. JR. COLLEGE	10,000.00	3,840.00	13,840.00	256,000.00	10,000.00	3,840.00	—	13,840.00
20070403	4012007	20006401	EMPORIA STATE UNIVERSITY	45,000.00	1,875.00	46,875.00	125,000.00	45,000.00	1,875.00	—	46,875.00
20070403	4012007	20009302	JARVIS CHRISTIAN COLLEGE - BND 69A	25,000.00	5,820.00	30,820.00	388,000.00	25,000.00	5,820.00	—	30,820.00
20070403	4012007	20012601	MISSOURI WESTERN STATE COLLEGE (ESCROW)	—	1,005.00	1,005.00	67,000.00	—	1,005.00	—	1,005.00
20070403	4012007	20018001	ST.EDWARDS UNIVERSITY	14,000.00	1,975.62	15,975.62	109,000.00	14,000.00	1,975.61	—	15,975.61
20070403	10012007	20018001	ST.EDWARDS UNIVERSITY					—	0.02	—	0.02
20070403	4012007	20019401	TEXAS STATE COLLEGE	35,000.00	525.00	35,525.00	35,000.00	35,000.00	525.00	—	35,525.00
20070403	4012007	20023901	XAVIER UNIVERSITY OF LOUISIANA	—	5,550.00	5,550.00	370,000.00	—	5,550.00	—	5,550.00
System Credits 4/4												161,590.63
System Debits 4/4
Bank Credit 4/4													527,584.38
Bank Debit 4/4 (Service Fee)															899.68
Trustee Wire 4/4														526,684.70
20070404	4012007	20018302	ST. MICHAELS COLLEGE	25,000.00	450.00	25,450.00	30,000.00	25,000.00	450.00	—	25,450.00
20070404	4012007	20019101	TAYLOR UNIVERISTY	—	3,450.00	3,450.00	230,000.00	—	3,450.00	—	3,450.00
20070404	4012007	20022701	UNIVERSITY OF VERMONT	63,000.00	29,550.00	92,550.00	1,970,000.00	63,000.00	29,550.00	—	92,550.00
20070404	4012007	20023601	WESTERN WASHINGTON STATE COLLEGE	—	300.00	300.00	20,000.00	—	300.00	—	300.00
System Credits 4/5												121,750.00
System Debits 4/5
Bank Credit 4/5													161,590.63
Bank Credit 4/5
Trustee Wire 4/5														161,590.63
20070409	4012007	20001401	AZUSA PACIFIC UNIVERSITY-1967#95-403850	40,000.00	7,845.00	47,845.00	523,000.00	40,000.00	7,845.00	—	47,845.00
20070409	4012007	20012901	MONTEREY PENINSULA JR. COLLEGE	—	3,000.00	3,000.00	200,000.00	—	3,000.00	—	3,000.00
20070409	4072007	20018701	FINLANDIA UNIVERSITY	7,435.38	6,640.14	14,075.52	2,203,179.56	7,435.38	6,640.14	—	14,075.52
System Credits 4/9												64,920.52
System Debits 4/9
Bank Credit 4/9													121,750.00
Bank Debit 4/9
Trustee Wire 4/9														121,750.00
20070418	5012007	20002801	CARNEGIE MELLON UNIVERSITY					15,000.00	5,955.00	—	20,955.00
20070418	4012007	20016101	RIVERSIDE HOSPITAL					19,000.00	—	—	19,000.00
System Credits 4/11												39,955.00
System Debits 4/11
Bank Credit 4/11													64,920.52
Bank Debit 4/11
Trustee Wire 4/11														64,920.52
20070424	5012007	20016601	SARAH LAWRENCE COLLEGE					22,909.22	12,370.52	—	35,279.74

System Credits 4/20												35,279.74
System Debits 4/20
Bank Credit 4/20													39,955.00
Bank Debit 4/20
Trustee Wire 4/20														39,955.00
20070423	5012007	20018901	SWARTHMORE COLLEGE					4,611.83	1,154.03	—	5,765.86
System Credits 4/25												5,765.86
System Debits 4/25
Bank Credit 4/25													5,765.86
Bank Debit 4/25
Trustee Wire 4/25														5,765.86
20070430	5012007	20000401	UNIVERSITY OF ALFRED					—	705.00	—	705.00
20070430	5012007	20008301	HARCUM COLLEGE					—	6,300.00	—	6,300.00
System Credits 4/26												7,005.00
System Debits 4/26
Bank Credit 4/26													35,279.74
Bank Debit 4/26
Trustee Wire 4/26														35,279.74
			TOTALS:	817,435.38	187,410.13	1,004,845.51	14,220,179.55	749,956.43	213,894.70	—	963,851.13	963,851.13	956,846.13	955,946.45	899.68
Loans Due in Current Period and Paid in Prior Period:
			TOTALS:	—	—	—	—
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	817,435.38	187,410.13	1,004,845.51	14,220,179.55

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

April-07

Total System Credits @ 4/30	963,851.13
Total Bank Credits @ 4/30	956,846.13
In Transit
Payment Reversal
Payment Reversal
In Transit	7,005.00
Adjusted Bank Credits:	963,851.13
	—

Total Bank Credits @ 4/30		956,846.13
Total Debits to Trustee @ 4/30		955,946.45
04/04/07	Service Fees	899.68
	Payment Reversal
	Payment Reversal
Adjusted Debits to Trustee		956,846.13
		—

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report for May 2007

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
20070501	5012007	20004501	CONCORDIA TEACHERS COLLEGE	30,000.00	4,350.00	34,350.00	289,999.99	30,000.00	4,350.00	—	34,350.00
20070501	5012007	20006502	FAIRLEIGH DICKINSON UNIVERSITY	2,382.52	1,232.30	3,614.82	82,153.16	2,382.52	1,232.30	—	3,614.82
20070501	5012007	20013301	MORRIS COLLEGE - BONDS 1983	—	7,500.00	7,500.00	500,000.00	—	7,500.00	—	7,500.00
20070501	5012007	20017801	SPRINGFIELD COLLEGE	7,274.78	1,043.12	8,317.90	69,541.66	7,274.78	1,043.12	—	8,317.90
20070501	5012007	20018802	SUSQUEHANNA UNIVERSITY	—	4,259.37	4,259.37	235,000.00	—	4,259.37	—	4,259.37
20070501	5012007	20019201	TEMPLE UNIVERSITY	—	4,522.50	4,522.50	268,000.00	—	4,522.50	—	4,522.50
20070501	5012007	20023501	McDANIEL COLLEGE	—	12,600.00	12,600.00	840,000.00	—	12,600.00	—	12,600.00
System Credits 5/2												75,164.59
System Debits 5/2
Bank Credit 5/2													7,005.00
Bank Debit 5/2
Trustee Wire 5/2														7,005.00
20070502	5012007	20002701	CALIFORNIA STATE UNIVERSITY	—	15,300.00	15,300.00	1,020,000.00	—	15,300.00	—	15,300.00
20070502	5012007	20016401	CALIFORNIA STATE UNIVERSITY	—	4,350.00	4,350.00	290,000.00	—	4,350.00	—	4,350.00
20070502	5012007	20016501	CALIFORNIA STATE UNIVERSITY	—	9,150.00	9,150.00	610,000.00	—	9,150.00	—	9,150.00
20070502	5012007	20020001	UNIVERSITY OF ALABAMA	75,000.00	20,190.00	95,190.00	1,346,000.00	75,000.00	20,190.00	—	95,190.00
20070502	5012007	20021301	UNIVERSITY OF MONTEVALLO	9,000.00	2,865.00	11,865.00	191,000.00	9,000.00	2,865.00	—	11,865.00
System Credits 5/3												135,855.00
System Debits 5/3
Bank Credit 5/3													75,164.59
Bank Debit 5/3
Trustee Wire 5/3														75,164.59
20070504	5012007	20001201	ATLANTIC UNION COLLEGE	3,610.89	2,379.55	5,990.44	158,636.92	3,610.89	2,379.55	—	5,990.44
System Credits 5/4												5,990.44
System Debits 5/4
Bank Credit 5/4													135,855.00
Bank Debit 5/7 (Service Fee)															3,405.70
Trustee Wire 5/4														132,449.30
20070507	5072007	20018701	FINLANDIA UNIVERSITY	7,671.27	6,404.25	14,075.52	2,195,744.18	7,671.27	6,404.25	—	14,075.52
System Credits 5/8												14,075.52
System Debits 5/8
Bank Credit 5/8													11,980.88
Bank Debit 5/8															5,990.44
Trustee Wire 5/8														5,990.44
20070515	4012007	20003001	CASE WESTERN RESERVE UNIVERSIT					110,000.00	—	—	110,000.00
System Credits 5/9												110,000.00
System Debits 5/9
Bank Credit 5/9													14,075.52
Bank Debit 5/9
Trustee Wire 5/9														14,075.52
20070521	6012007	20013001	MONTREAT-ANDERSON COLLEGE					2,600.00	1,116.00	—	3,716.00
System Credits 5/17												3,716.00
System Debits 5/17
Bank Credit 5/17													110,000.00
Bank Debit 5/17
Trustee Wire 5/17														110,000.00
System Credits 5/23
System Debits 5/23
Bank Credit 5/23													3,716.00
Bank Debit 5/23
Trustee Wire 5/23														3,716.00
			TOTALS:	134,939.46	96,146.09	231,085.55	8,096,075.91	247,539.46	97,262.09	—	344,801.55	344,801.55	357,796.99	348,400.85	9,396.14
Loans Due in Current Period and Paid in Prior Period:
4/30/2007	5012007	20000401	ALFRED UNIVER	—	705.00	705.00	47,000.00
4/18/2007	5012007	20002801	CARNEGIE-MELL	15,000.00	5,955.00	20,955.00	397,000.00
4/30/2007	5012007	20008301	HARCUM JR COL	—	6,300.00	6,300.00	420,000.00
4/24/2007	5012007	20016601	SARAH LAWRENC	22,909.22	12,370.52	35,279.74	824,701.86
4/23/2007	5012007	20018901	SWARTHMORE CO	4,611.83	1,154.03	5,765.86	76,935.03
			TOTALS:	42,521.05	26,484.55	69,005.60	1,765,636.89
Loans Due in Current Period Not Yet Paid:
			TOTALS:	—	—	—	—
			GRAND TOTAL:	177,460.51	122,630.64	300,091.15	9,861,712.80

Capmark Finance, Inc.

College and University Loan Trust I

Remittance Report Reconciliation

May-07

Total System Credits @ 5/31		344,801.55
Total Bank Credits @ 5/31		357,796.99
05/01/07	In Transit	(7,005.00	)
05/08/07	Bank Error	(5,990.44	)
	Payment Reversal
	In Transit
Adjusted Bank Credits:		344,801.55
		—

Total Bank Credits @ 5/31		357,796.99
Total Debits to Trustee @ 5/31		348,400.85
05/07/07	Service Fees	3,405.70
05/08/07	Bank error	5,990.44
	Payment Reversal
Adjusted Debits to Trustee		357,796.99
		—

May 16, 2007

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.

Darri Cunningham

Vice President, CMBS Investor Reporting

Cc: Diana Kenneally

      US Bank

      Corporate Trust Dept.

      One Federal Street

      Boston, MA  02110

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

GMAC Commercial Mortgage

College & Trust Facility Loan Trust I

Delinquency Report (less than 6 months)

As of May 1, 2007

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
20018601	STILLMAN COLLEGE	02-01-07	2,030.00	2,000.00
20003001	CASE WESTERN RESERVE UNIVERSIT	04-01-07	110,000.00	1,235,000.00
20001201	ATLANTIC UNION COLLEGE	05-01-07	5,990.44	158,639.92
20002701	CALIFORNIA STATE UNIVERSITY	05-01-07	15,300.00	1,020,000.00
20016401	CALIFORNIA STATE UNIVERSITY	05-01-07	4,350.00	290,000.00
20016501	CALIFORNIA STATE UNIVERSITY	05-01-07	9,150.00	610,000.00
20020001	UNIVERSITY OF ALABAMA	05-01-07	95,190.00	1,345,000.00
20021301	UNIVERSITY OF MONTEVALLO	05-01-07	11,865.00	191,000.00
	TOTALS:		253,875.44	4,851,639.92

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
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

Prepayments

For 6 months ending May 1, 2007

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

Capmark Finance

College and University Loan Trust I

Paid In Full Loan Schedule

For 6 months ending May 1, 2007

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
20009201	01-03-07	50,750.00	50,000.00	750.00		01-01-07
20016101	04-18-07	19,000.00	19,000.00	—		04-01-07
20019401	04-03-07	35,525.00	35,000.00	525.00		04-01-07
TOTALS:		154,741.78	152,986.78	1,755.00	—

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: Capmark Finance, Inc. and The Bank of New York Trust Company National Association.

Date:	August 9, 2007
		/s/ Bryan Calder
		Bryan Calder
		Executive Vice President

EX-99.906CERT

Exhibit 99.906CERT

CERTIFICATION PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

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

1.the Registrant’s report on Form N-CSR (the “Report”) for the period ended May 31, 2007 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date:	August 9, 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.