-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L5ZhWq8pCiFMRJZh3iIxi9MPGYu/i2w9t6Sp32RmSZ0BvARJLOGmFliYKlVFrctt nsLggubbTOj5ecK5nLNK/g== 0001145443-04-001319.txt : 20040824 0001145443-04-001319.hdr.sgml : 20040824 20040824164412 ACCESSION NUMBER: 0001145443-04-001319 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20040531 FILED AS OF DATE: 20040824 DATE AS OF CHANGE: 20040824 EFFECTIVENESS DATE: 20040824 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLLEGE & UNIVERSITY FACILITY LOAN TRUST ONE CENTRAL INDEX KEY: 0000820300 IRS NUMBER: 046575372 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-05291 FILM NUMBER: 04994533 BUSINESS ADDRESS: STREET 1: C/O US BANK STREET 2: CORP TRUST DEPT ONE FEDERAL ST CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6176036406 MAIL ADDRESS: STREET 1: C/O US BANK STREET 2: CORPORATE TRUST DEPT ONE FEDERAL ST CITY: BOSTON STATE: MA ZIP: 02110 N-CSRS 1 d15038_n-csr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-CSR CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number: 811-05291 College and University Facility Loan Trust One ---------------------------------------------- (Exact name of registrant as specified in charter) c/o U.S. Bank One Federal Street Boston, MA 02110 ---------------------------------------------- (Address of principal executive offices) (Zip code) Diana J. Kenneally U.S. Bank Corporate Trust Services One Federal Street Boston, MA 02110 ---------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (617) 603-6406 Date of fiscal year end: November 30 Date of reporting period: December 1, 2003 - May 31, 2004 ITEM 1. REPORT TO STOCKHOLDERS. College and University Facility Loan Trust One Financial Statements Six Months Ended May 31, 2004 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, 2004, 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, 2003, 2002, 2001, 2000 and 1999, presented herein for comparative purposes, was audited by other auditors, whose report thereon dated January 29, 2004 expressed an unqualified opinion, except for the effect on the 2003 and 2002 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 loss. Accounting principals generally accepted in the United States of America require that the investments be accounted for under the fair value method of accounting. Accounting for investments under the fair value method of accounting, based upon the Trust's estimate of fair value as described in Note 8, would result in an increase of approximately $14,529,000 in the recorded value of the investments and an increase in unrealized appreciation of approximately $14,529,000 as of May 31, 2004. We are not independent with respect to College and University Facility Loan Trust One. /s/ BDO Seidman, LLP July 15, 2004 College and University Facility Loan Trust One Statement of Assets and Liabilities ================================================================================
May 31, 2004 =========================================================================================== Assets: Investments, at amortized cost, net of allowance for loan losses of $860,000 (Notes 2, 6, 7 and 8, and Schedule of Investments) $43,679,478 Cash 48,205 Prepaid expenses 14,875 Interest receivable 643,032 Deferred bond issuance costs (Note 2) 316,811 - ------------------------------------------------------------------------------------------- Total assets 44,702,401 - ------------------------------------------------------------------------------------------- Liabilities: Bonds payable (Notes 3 and 8) 30,626,793 Interest payable (Note 3) 1,615,563 Accrued expenses and other liabilities 215,048 Distributions payable to Class B certificateholders (Note 5) 1,294,367 - ------------------------------------------------------------------------------------------- Total liabilities 33,751,771 - ------------------------------------------------------------------------------------------- Net Assets: Class B certificates, par value $1 - authorized, issued and outstanding - 1,001,643 certificates (Note 5) 1,001,643 Distributions in excess of tax earnings (Notes 2 and 5) (911,765) Additional paid-in capital (Note 2) 10,860,752 - ------------------------------------------------------------------------------------------- Total net assets $10,950,630 =========================================================================================== Net asset value per Class B certificate (based on 1,001,643 certificates outstanding) $ 10.93 ===========================================================================================
See accompanying accountants' compilation report and notes to financial statements. 3 College and University Facility Loan Trust One Statement of Operations ================================================================================
Six months ended May 31, 2004 =========================================================================================== Investment income: Interest income (Note 2) $ 3,138,211 - ------------------------------------------------------------------------------------------- Expenses: Interest expense (Notes 2 and 3) 1,646,828 Servicer fees (Note 4) 17,370 Trustee fees (Note 4) 21,054 Other trust and bond administration expenses 210,357 - ------------------------------------------------------------------------------------------- Total expenses 1,895,609 - ------------------------------------------------------------------------------------------- Net investment income 1,242,602 Reduction of reserve for loan losses (Notes 2 and 6) 100,000 - ------------------------------------------------------------------------------------------- Net increase in net assets resulting from operations $ 1,342,602 ===========================================================================================
See accompanying accountants' compilation report and notes to financial statements. 4 College and University Facility Loan Trust One Statement of Cash Flows ================================================================================
Six months ended May 31, 2004 =========================================================================================== Cash flows from operating activities: Interest received $ 1,137,245 Interest paid (1,747,593) Operating expenses paid (284,107) - ------------------------------------------------------------------------------------------- Net cash used in operating activities (894,455) - ------------------------------------------------------------------------------------------- Cash flows from investing activities: Net decrease in funds held under investment agreements (611,820) Principal payments on Loans 5,321,875 - ------------------------------------------------------------------------------------------- Net cash provided by investing activities 4,710,055 - ------------------------------------------------------------------------------------------- Cash flows from financing activities: Principal repayments on Bonds (2,502,927) Distributions to Class B certificateholders (1,056,296) Advanced funds repaid to Servicer (381,903) - ------------------------------------------------------------------------------------------- Net cash used in financing activities (3,941,126) - ------------------------------------------------------------------------------------------- Net decrease in cash (125,526) Cash, beginning of period 173,731 - ------------------------------------------------------------------------------------------- Cash, end of period $ 48,205 =========================================================================================== Reconciliation of net increase in net assets resulting from operations to net cash used for operating activities: Net increase in net assets resulting from operations $ 1,342,602 Reduction of reserve for loan losses (100,000) Decrease in interest receivable 22,208 Increase in prepaid expenses (14,875) Decrease in accrued expenses and other liabilities (20,451) Decrease in Bond interest payable (132,030) Amortization of deferred Bond issuance costs 31,265 Amortization of purchase discount on Loans (2,023,174) - ------------------------------------------------------------------------------------------- Net cash used in operating activities $ (894,455) ===========================================================================================
See accompanying accountants' compilation report and notes to financial statements. 5 College and University Facility Loan Trust One Statement of Changes in Net Assets (Note 2(f)) ================================================================================
For the Six Months Ended Year Ended May 31, November 30, 2004 2003 ================================================================================================================ (Unaudited) (Audited) From operations: Net investment income $ 1,242,602 $ 1,299,460 Reduction of reserve for loan losses 100,000 -- - ---------------------------------------------------------------------------------------------------------------- Net increase in net assets applicable to Class B certificateholders resulting from operations 1,342,602 1,299,460 Capital certificate transactions: Distributions to Class B certificateholders (Note 5) (1,294,367) (1,275,917) - ---------------------------------------------------------------------------------------------------------------- Net increase in net assets 48,235 23,543 Net assets: Beginning of period 10,902,395 10,878,852 - ---------------------------------------------------------------------------------------------------------------- End of period $10,950,630 $10,902,395 ================================================================================================================
See accompanying accountants' compilation report and notes to financial statements. 6 College and University Facility Loan Trust One Financial Highlights (Notes 1 and 5) ================================================================================
For the Six Months Ended Years Ended November 30, May 31, ------------------------------------------------------------------- 2004 2003 2002 2001 2000 1999 ======================================================================================================================= (Unaudited) Audited ------------------------------------------------------------------- Net asset value, beginning of period $10.88 $10.86 $11.11 $11.36 $11.17 $10.15 Net investment income 1.24 1.29 .78 .96 1.09 1.21 Reduction of reserve for loan losses .10 -- -- .16 -- -- Dividends to Class A Preferred certificateholders: From net investment income -- -- -- -- .04 (.05) As tax return of capital -- -- -- -- (.06) (.14) Distributions to Class B certificateholders (1.29) (1.27) (1.03) (1.37) (.88) -- - ----------------------------------------------------------------------------------------------------------------------- Net asset value, end of period $10.93 $10.88 $10.86 $11.11 $11.36 $11.17 ======================================================================================================================= Total investment return (a) N/A N/A N/A N/A N/A N/A Net assets applicable to Class A Preferred certificates, end of period $ -- $ -- $ -- $ -- $ -- $ 327,709 ======================================================================================================================= Net assets applicable to Class B certificates, end of period $10,950,630 $10,902,395 $10,878,852 $11,132,814 $11,379,460 $11,188,285 ======================================================================================================================= Ratios and Supplemental Data: Ratio of operating expenses to average net assets applicable to Class B certificates 34.70%(b)(c) 37.84%(b) 41.40%(b) 45.48%(b) 50.42%(b) 59.53%(b) Ratio of net investment income to average net assets applicable to Class B certificates 22.74%(c) 11.93% 7.11% 8.57% 9.71% 11.41% 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 4.55%(c), 4.22%, 3.64%, 3.63%, 3.44% and 3.60% in 2004, 2003, 2002, 2001, 2000 and 1999, respectively. (c) Annualized. See accompanying accountants' compilation report and notes to financial statements. 7 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 1. Organization College and University Facility Loan Trust One (the Trust) and Business 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. 8 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 1. Organization All payments on the Loans and earnings under the investment and Business agreements and any required transfers from the Expense, (Continued) Reserve and Liquidity Funds are deposited to the credit of the Revenue Fund held by the Bond Trustee, as defined within, and in accordance with the Indenture. On each bond payment date, amounts on deposit in the Revenue Fund are applied in the following order of priority: to pay amounts due on the Bonds, to pay administrative expenses not previously paid from the Expense Fund, to fund the Expense Fund to the Expense Fund Requirement, to fund the Reserve Fund to the Maximum Reserve Requirement and to fund the Liquidity Fund to the Liquidity Fund Requirement. Any funds remaining in the Revenue Fund on such payment date are paid to the Class B certificateholders, as discussed in Note 5. On the Closing Date, certificates were issued by the Trust to ED as partial payments for the Loans. In December 1989, ED sold, through a private placement, all of its ownership interest in the Trust. 2. Summary of (a) College and University Facility Loans Significant Accounting The Loans were purchased and recorded at a discount below Policies par. Pursuant to a "no-action letter" that the Trust received from the Securities and Exchange Commission, the Loans, included in investments in the accompanying statement of assets and liabilities, are being accounted for under the amortized cost method of accounting. Under this method, the difference between the cost of each Loan to the Trust and the scheduled principal and interest payments is amortized, assuming no prepayments of principal, and included in the Trust's income by applying the Loan's effective interest rate to the amortized cost of that Loan. When a Loan prepays, the remaining discount is recognized as interest income. The remaining balance of the purchase discount on the Loans as of May 31, 2004 was approximately $16,617,000. As a result of prepayments of Loans in the six months ended May 31, 2004, additional interest income of approximately $972,000 was recognized. See accompanying accountants' compilation report. 9 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 2. Summary of (a) College and University Facility Loans Significant Accounting The Trust's policy is to discontinue the accrual of interest Policies on Loans for which payment of principal or interest is 180 (Continued) days or more past due or for other such Loans (Continued) 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, 2004, one Loan has been placed on nonaccrual status, as discussed in Note 6. Accounting principles generally accepted in the United States of America (GAAP), requires that the Loans be accounted for under the fair value method of accounting. However, management believes that the amortized cost method of accounting best serves the informational needs of the users of the Trust's financial statements. (b) Other Investments Other investments, which are included in investments in the accompanying statement of assets and liabilities, consist of two unsecured investment agreements issued by the Federal National Mortgage Association bearing fixed rates of interest of 5% and 8%. These investments are carried at amortized cost. These investment agreements terminate on the earlier of December 1, 2014 or the date on which the Bonds are paid-in-full. GAAP requires that the investments be accounted for under the fair value method of accounting. However, management believes that the amortized cost method of accounting best serves the informational needs of the users of the Trust's financial statements. See accompanying accountants' compilation report. 10 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 2. Summary of (c) Federal Income Taxes Significant Accounting It is the Trust's policy to comply with the requirements Policies applicable to a regulated investment company under (Continued) Subchapter M of the Internal Revenue Code of 1986, as amended, and to distribute substantially all of its investment company taxable income to its certificateholders each year. Accordingly, no federal or state income tax provision is required. For tax purposes, the Loans were transferred to the Trust at their face values. Accordingly, the accretion of the purchase discount creates a permanent book-tax difference. (d) Deferred Bond Issuance Costs Deferred Bond issuance costs are being amortized using the effective interest-rate method, assuming that all mandatory semiannual payments will be made on the term bonds as discussed in Note 3. (e) Accounting for Impairment of a Loan and Allowance for Loan Losses The allowance for loan losses is based on the Trust's evaluation of the level of the allowance required to reflect the risks in the loan portfolio, based on circumstances and conditions known or anticipated at each reporting date. The methodology for assessing the appropriateness of the allowance consists of a review of the following three key elements: (1) a valuation allowance for loans identified as impaired, (2) a formula-based general allowance for the various loan portfolio classifications, and (3) an unallocated allowance. A loan is impaired when, based on current information and events, it is probable that the Trust will be unable to collect all amounts due in accordance with the contractual terms of the loan agreement. Loans identified as impaired are further evaluated to determine the estimated extent of impairment. See accompanying accountants' compilation report. 11 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 2. Summary of (e) Accounting for Impairment of a Loan and Allowance for Significant Loan Losses (Continued) Accounting Policies The formula-based general allowance is derived primarily (Continued) from a risk-rating model that grades loans based on general characteristics of credit quality and relative risk. As credit quality for individual loans deteriorates, the risk rating and the allowance allocation percentage increases. The sum of these allocations comprise the Trust's formula-based general allowance. In addition to the valuation and formula-based general allowance, there is an unallocated allowance. This element recognizes the estimation risks associated with the valuation and formula-based models. It is further adjusted for qualitative factors including, among others, general economic and business conditions, credit quality trends, and specific industry conditions. There are inherent uncertainties with respect to the final outcome of loans and as such, actual losses may differ from the amounts reflected in the financial statements. (f) Presentation of Capital Distributions Capital distributions are accounted for in accordance with the American Institute of Certified Public Accountants Statement of Position (SOP) 93-2, "Determination, Disclosure and Financial Statement Presentation of Income, Capital Gain and Return of Capital Distributions by Investment Companies." SOP 93-2 requires the Trust to report distributions that are in excess of tax-basis earnings and profits as a tax return of capital and to present the capital accounts on a basis that approximates the amounts that are available for future distributions on a tax basis. See accompanying accountants' compilation report. 12 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 2. Summary of (f) Presentation of Capital Distributions (Continued) Significant Accounting As of November 30, 2003, all tax earnings and profits have Policies been distributed. Accordingly, all accumulated undistributed (Continued) net investment income has been reclassified to 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, 2004; however, the amount cannot be reasonably estimated at May 31, 2004. (g) Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities at the date of the financial statements and for the period then ended. On an on-going basis, the Trust evaluates the estimates used, including those related to the allowance for loan losses. The Trust bases its estimates on historical experience, actuarial estimates, 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. See accompanying accountants' compilation report. 13 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 2. Summary of The allowance for loan losses is a critical accounting Significant policy that requires estimates and assumptions to be made in Accounting the preparation of the Trust's financial statements. The Policies allowance for loan losses is based on the Trust's evaluation (Continued) of the level of the allowance required in relation to the estimated loss exposure in the loan portfolio. The allowance for loan losses is a significant estimate and is therefore regularly evaluated for adequacy by taking into consideration factors such as prior loan loss experience, the character and size of the loan portfolio, business and economic conditions and the Trust's estimation of future losses. The use of different estimates or assumptions could produce different provisions for loan losses. See Note 2(e) for a detailed description of the Trust's estimation process and methodology related to the allowance for loan losses. 3. Bonds The Bonds outstanding at May 31, 2004 consist of the following:
Principal Interest Stated Amount Type Rate Maturity (000's) ====================================================================================== Term 10.55% December 1, 2014 $30,627
The Bonds are being redeemed, in part, on a pro rata basis by application of mandatory semiannual payments. The redemption price is equal to 100% of the principal amount to be redeemed plus interest accrued to the redemption date. Interest on the Bonds is payable semiannually. On June 1, 2004, the Trust made the mandatory redemption of $1,894,263 on the Bonds. See accompanying accountants' compilation report. 14 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 3. Bonds The aggregate scheduled maturities of the Bonds, including (Continued) the scheduled mandatory redemptions at May 31, 2004, are as follows:
Amount Fiscal Year (000's) ===================================================================================== 2004 $ 1,894 2005 4,091 2006 3,457 2007 3,218 2008 2,785 Thereafter 15,182 ------------------------------------------------------------------------------------ Total $30,627 =====================================================================================
The Bonds are not subject to optional redemption by either the Trust or the bondholders. In the event the Trust realizes negative cash flows, various reserve funds have been established and maintained such that, on or before such bond payment date, such funds may be used by the Bond Trustee to make any required payments on the Bonds and to pay operating expenses of the Trust. As required by the Indenture, the scheduled future cash flows for Loans in Default are excluded from the calculation of the Reserve Fund requirement. The impact of excluding Loans in Default from the calculation increases the Reserve Fund requirement. The cash flows from the June 1, 2004 Bond Payment Date were sufficient to satisfy the maximum reserve fund requirement of $8,701,981, as required by the Indenture. See accompanying accountants' compilation report. 15 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 4. Administrative (a) Servicer Agreements As compensation for the services provided under the servicing agreement, GMAC Commercial Mortgage receives a servicing fee. This fee is earned on each date of payment for each Loan and is equal to 0.055 of 1% of the outstanding principal balance of such Loan divided by the number of payments of principal and interest in a calendar year. For the six months ended May 31, 2004, this fee totaled $15,070. GMAC Commercial Mortgage is reimbursed by the Trust for out-of-pocket expenses incurred in connection with the inspection of buildings and property used as collateral for the loans. For the six months ended May 31, 2004, out-of-pocket expenses totalled $2,300. (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: o The Owner Trustee, in its capacities as manager of the Trust and as Owner Trustee, earned fees of $7,046 and $7,830, respectively, for the six months ended May 31, 2004. o 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, 2004, total Bond Trustee fees and out-of-pocket expenses amounted to $6,178. See accompanying accountants' compilation report. 16 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 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, 2004, a distribution of $1,294,367 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 An analysis of the allowance for loan losses for the six Loan Losses months ended May 31, 2004 is summarized as follows: Balance, beginning of year $ 960,000 Reduction in reserve for loan losses (100,000) Charge-offs -- ------------------------------------------------------------------------------------ Balance, end of year $ 860,000 ====================================================================================
At May 31, 2004, there was one Loan in Default, with an unpaid principal balance of approximately $2,871,000. The recorded investment in that loan, approximately $459,000 with a related allowance for loan loss of $321,352, is considered to be impaired. The average recorded investment in the impaired loan during the six months ended May 31, 2004 was approximately $481,000. For the six months ended May 31, 2004, no interest income was recognized on the impaired loan. See Note 2(e) for a discussion of the Trust's impaired loan accounting policy. See accompanying accountants' compilation report. 17 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 7. Loans Scheduled principal and interest payments on the Loans as of May 31, 2004, 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) ==================================================================================== 2004 $ 2,866 $ 642 $ 3,508 2005 4,700 1,165 5,865 2006 3,983 1,024 5,007 2007 3,645 901 4,546 2008 3,419 790 4,209 Thereafter 23,285 3,248 26,533 ------------------------------------------------------------------------------------ Total $41,898 $7,770 $49,668 ====================================================================================
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. See accompanying accountants' compilation report. 18 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 7. Loans The following analysis summarizes the stratification of the (Continued) Loan portfolio by type of collateral and institution as of May 31, 2004:
Amortized Number Cost Type of Collateral of Loans (000's) % ==================================================================================== Loans secured by a first mortgage 57 $14,825 52.7% Loans not secured by a first mortgage 37 13,326 47.3 ------------------------------------------------------------------------------------ Total Loans 94 $28,151 100.0% ==================================================================================== Amortized Number Cost Type of Institution of Loans (000's) % ==================================================================================== Private 57 $13,756 48.9% Public 37 14,395 51.1 ------------------------------------------------------------------------------------ Total Loans 94 $28,151 100.0% ====================================================================================
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. See accompanying accountants' compilation report. 19 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 7. Loans The collateral for Loans that are secured by a mortgage on (Continued) 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. 8. Fair Value Statement of Financial Accounting Standards No. 107, of Financial "Disclosures about Fair Value of Financial Instruments," Instruments allows for the use of a wide range of valuation techniques; therefore, it may be difficult to compare the Trust's fair value information to public market information or to other fair value information. Accordingly, the fair value information presented below does not purport to represent, and should not be construed to represent, the underlying market value of the Trust's net assets or the amounts that would result from the sale or settlement of the related financial instruments. Further, as the assumptions inherent in fair value estimates change, the fair value estimates will change. Current market prices are not available for most of the Trust's financial instruments since an active market generally does not exist for such instruments. In accordance with the terms of the Indenture, the Trust is required to hold all of the Loans to maturity and to use the cash flows therefrom to retire the Bonds. Accordingly, the Trust has estimated the fair values of its financial instruments using a discounted cash flow methodology. This methodology is similar to the approach used at the formation of the Trust to determine the carrying amounts of these instruments for financial reporting purposes. In applying the methodology, the calculations have been adjusted for the change in the relevant market rates of interest, the estimated duration of the instruments and an internally developed credit risk rating of the instruments. All calculations are based on the scheduled principal and interest payments on the Loans because the prepayment rate on these Loans is not subject to estimate. See accompanying accountants' compilation report. 20 College and University Facility Loan Trust One Notes to Financial Statements ================================================================================ 8. Fair Value The estimated fair value of each category of the Trust's of Financial financial instruments and the related book value presented Instruments in the accompanying statement of assets and liabilities as (Continued) of May 31, 2004 are as follows:
Amortized Cost Fair Value (000's) (000's) ==================================================================================== Loans $27,291* $40,034 Investment Agreements: Revenue Fund 13,788 14,735 Liquidity Fund 2,600 3,439 ------------------------------------------------------------------------------------ $43,679 $58,208 ==================================================================================== Bonds $30,627 $37,691 ====================================================================================
*Net of allowance for loan losses of $860,000. See accompanying accountants' compilation report. 21 COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE ---------------------------------------------- SCHEDULE OF INVESTMENTS ----------------------- May 31, 2004 ------------ (Dollar Amounts in Thousands)
Outstanding Stated Internal Amortized Principal Interest Maturity Rate of Cost (Notes Balance Description Rate % Date Return % (B) 1 and 2) - ------------- ------------------------------------------- ---------- ---------- -------------- ------------- COLLEGE AND UNIVERSITY LOANS (62.5%) ---------- ALABAMA -------- $88 Birmingham-Southern College 3.00 10/01/2006 12.48 $79 272 Birmingham-Southern College 3.00 10/01/2010 12.47 202 10 Stillman College 3.00 02/01/2007 13.24 8 1,486 University of Alabama 3.00 05/01/2021 12.27 786 207 University of Montevallo 3.00 05/01/2023 12.30 103 ---------- CALIFORNIA -------- 603 Azusa Pacific University 3.00 04/01/2017 12.96 342 1,460 California State University 3.00 11/01/2012 10.57 1,079 60 Foothill College 3.00 10/01/2006 11.76 53 245 Monterey Peninsula College 3.00 10/01/2018 11.95 144 335 San Diego State University 3.00 11/01/2021 11.93 180 700 San Francisco State University 3.00 11/01/2021 11.93 377 73 Scripps College 3.00 10/01/2005 12.51 67 ---------- FLORIDA -------- 135 Florida Atlantic University 3.00 07/01/2006 11.85 118 17 Florida Institute of Technology 3.00 02/01/2006 13.17 15 113 University of Florida 3.00 01/01/2005 12.51 102 1,590 University of South Florida 3.00 07/01/2013 11.97 1,073 ---------- HAWAII -------- 400 University of Hawaii at Manoa 3.00 10/01/2006 11.76 352 ---------- ILLINOIS -------- 440 Concordia College 3.00 05/01/2011 12.64 320 ---------- INDIANA -------- 150 Anderson College 3.00 03/01/2010 13.02 110 390 Taylor University 3.00 10/01/2010 12.45 290 1,350 University of Notre Dame 3.00 04/01/2018 12.95 741 ---------- IOWA -------- 770 Drake University 3.00 10/01/2012 12.71 527 500 Iowa State University of Ames 3.00 07/01/2007 10.63 430 ---------- KANSAS -------- 210 Emporia State University 3.00 04/01/2009 12.33 164 42 Kansas Newman College 3.00 04/01/2006 13.10 36 ---------- LOUISIANA -------- 345 Grambling State University 3.00-3.75 10/01/2005 11.70 316 445 Xavier University 3.00 10/01/2017 12.54 255 ---------- MARYLAND -------- 1,050 Western Maryland College 3.00 11/01/2016 12.44 636
See accompanying accountants' compilation report and notes to financial statements. 22 COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE ---------------------------------------------- SCHEDULE OF INVESTMENTS ----------------------- May 31, 2004 ------------ (Dollar Amounts in Thousands) (continued)
Outstanding Stated Internal Amortized Principal Interest Maturity Rate of Cost (Notes Balance Description Rate % Date Return % (B) 1 and 2) - ------------- ------------------------------------------- ---------- ---------- -------------- ------------- ---------- MASSACHUSETTS -------- $176 Atlantic Union College 3.00 05/01/2023 12.68 $86 752 Boston University 3.00 12/31/2022 11.87 388 269 Dean Junior College 3.00 04/01/2016 12.96 162 51 Hampshire College 3.00 11/01/2006 12.43 45 104 Springfield College 3.00 05/01/2011 12.59 76 86 Tufts University 3.625 10/01/2004 12.47 82 ---------- MICHIGAN -------- 1,020 Albion College 3.00 10/01/2015 12.51 632 290 Alma College 3.00 04/01/2010 11.87 219 2,871 Finlandia University (A) 3.00 08/01/2014 12.70 459 594 Michigan State University 3.00 05/01/2020 10.96 351 ---------- MINNESOTA -------- 1,020 Augsburg College 3.00 04/01/2016 12.95 597 445 College of St. Thomas 3.00 04/01/2017 12.95 253 ---------- MISSISSIPPI -------- 150 Jackson State University 3.00 01/01/2007 12.50 124 50 Mississippi Valley State 3.00 07/01/2008 11.89 41 108 Tougaloo College 3.00 06/01/2021 12.44 56 ---------- MISSOURI -------- 273 Missouri Southern State College 3.00 12/01/2008 10.56 219 164 Missouri Western State College 3.00 10/01/2008 11.77 134 190 Southeast Missouri State 3.50 04/01/2005 12.32 174 ---------- NEBRASKA -------- 97 University of Nebraska 3.00 07/01/2013 10.59 69 ---------- NEW HAMPSHIRE -------- 260 Daniel Webster College 3.00 04/01/2019 12.99 139 283 New England College 3.625 10/01/2013 12.37 197 795 New England College 3.00 04/01/2019 12.96 425 463 Rivier College 3.625 04/01/2014 12.78 304 ---------- NEW JERSEY -------- 94 Fairleigh Dickinson University 3.00 11/01/2020 12.09 51 222 Montclair State College 3.00 07/01/2008 11.32 181 ---------- NEW YORK -------- 177 Alfred University 3.00 11/01/2007 12.41 148 484 Long Island University 3.00 06/01/2016 12.34 293 203 Long Island University 3.75 10/01/2005 12.42 186 934 Sarah Lawrence College 3.00 11/01/2021 12.64 488
See accompanying accountants' compilation report and notes to financial statements. 23 COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE ---------------------------------------------- SCHEDULE OF INVESTMENTS ----------------------- May 31, 2004 ------------ (Dollar Amounts in Thousands) (continued)
Outstanding Stated Internal Amortized Principal Interest Maturity Rate of Cost (Notes Balance Description Rate % Date Return % (B) 1 and 2) - ------------- ------------------------------------------- ---------- ---------- -------------- ------------- ---------- NORTH CAROLINA -------- $139 Appalachian State University 3.00-3.625 07/01/2004 11.80 $132 87 Montreat-Anderson College 3.00 12/01/2019 12.19 47 405 North Carolina State University 3.00 09/01/2006 8.02 374 1,075 University of North Carolina 3.00 01/01/2018 11.49 638 ---------- OHIO -------- 1,435 Case Western Reserve University 3.00 04/01/2016 10.54 944 650 Kent State University 3.00 12/01/2008 10.55 523 81 Riverside Hospital 3.00 04/01/2007 13.09 68 186 University of Steubenville 3.375 04/01/2012 12.88 128 250 University of Steubenville 3.00 04/01/2017 12.96 141 ---------- PENNSYLVANIA -------- 472 Carnegie - Mellon University 3.00 11/01/2017 10.45 306 540 Harcum Junior College 3.00 11/01/2015 12.44 338 310 Haverford College 3.625 11/01/2013 12.29 214 60 Susquehanna University 3.00 11/01/2006 12.44 53 310 Susquehanna University 3.625 11/01/2014 12.32 208 99 Swarthmore College 3.00 11/01/2013 12.30 65 358 Temple University 3.375 11/01/2014 11.99 245 ---------- RHODE ISLAND -------- 306 Community College of Rhode Island 3.00 04/01/2018 12.10 181 ---------- SOUTH CAROLINA -------- 34 Benedict College 3.00 11/01/2006 12.42 30 770 College of Charleston 3.00 07/01/2016 12.02 478 683 Morris College 3.00 11/01/2013 12.42 456 34 Black Hills State College 3.00 10/01/2005 11.76 31 46 Black Hills State College 3.00 10/01/2007 11.77 39 ---------- TENNESSEE -------- 111 Bryan College 3.00 02/01/2010 12.68 83 309 Vanderbilt University 3.00 08/01/2005 10.69 284 403 Vanderbilt University 3.00 06/30/2009 10.39 325 ---------- TEXAS -------- 438 Jarvis Christian College 3.00 04/01/2019 12.96 235 145 Laredo Junior College 3.00 08/01/2009 11.82 113 136 St. Edward's University 3.625 04/01/2013 12.80 92 105 Texas College 3.00 04/01/2007 13.09 87 473 Texas Tech University 3.625 03/01/2013 10.80 343 3,145 Texas Tech University 3.375-3.50 03/01/2012 10.83 2,335
See accompanying accountants' compilation report and notes to financial statements. 24 COLLEGE AND UNIVERSITY FACILITY LOAN TRUST ONE ---------------------------------------------- SCHEDULE OF INVESTMENTS ----------------------- May 31, 2004 ------------ (Dollar Amounts in Thousands) (continued)
Outstanding Stated Internal Amortized Principal Interest Maturity Rate of Cost (Notes Balance Description Rate % Date Return % (B) 1 and 2) - ------------- ------------------------------------------- ---------- ---------- -------------- ------------- ---------- VERMONT -------- $1,010 Middlebury College 3.00 04/01/2018 12.87 $604 80 St. Michael's College 3.00 04/01/2008 13.06 65 2,270 University of Vermont 3.00 10/01/2019 12.19 1,265 ---------- VIRGINIA -------- 1,525 Old Dominion University 3.00 06/01/2013 11.70 1,036 ---------- WASHINGTON -------- 80 Western Washington University 3.00 10/01/2007 11.16 69 ---------- VIRGIN ISLANDS -------- 97 College of the Virgin Islands 3.00 10/01/2004 11.83 92 - ------------- ----------- 44,768 Total College and University Loans 28,151 - ------------- Allowance for Loan Losses 860 ----------- Net Loans of the Trust 27,291 ----------- INVESTMENT AGREEMENTS (37.5%) 2,600 FNMA #787 Liquidity Fund 8.00 12/01/2014 8.00 2,600 13,788 FNMA #786 Revenue Fund 5.00 12/01/2014 5.00 13,788 - ------------- ----------- 16,388 Total Investment Agreements 16,388 - ------------- ----------- $61,156 Total Investments (100.0%) $43,679 ============= ===========
(A) This institution has been placed on nonaccrual status as more fully described in Notes 2(e) and 6. (B) 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. 25 ITEM 2. CODE OF ETHICS Not applicable to the registrant. ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT Not applicable to the registrant. ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES Not applicable at this time. 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. PURCHASE OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS Not applicable to the registrant. ITEM 9. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS Not applicable to the registrant. ITEM 10. CONTROLS AND PROCEDURES Not applicable to the registrant. ITEM 11. 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) Written solicitation to purchase securities: not applicable to the registrant. (4) Annual Compliance Statement of the Servicer GMAC Commercial Mortgage Corporation, is attached. (5) Attestation Report of Independent Accountants, PricewaterhouseCoopers, LLP. (6) GMAC reports pursuant to section 1301, 1302, 1303, 1304, 1306, and 1307 of the servicer agreement. (b) Certification by the registrant's Owner Trustee, as required by Rule 30a-2(b) under the Investment Company Act of 1940, is attached. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant): College and University Facility Loan Trust One ------------------------------------- By: US Bank, not in its individual capacity, but solely as Owner Trustee under a Declaration of Trust dated September 17, 1987 and Amended and restated on September 29, 1987, and December 4, 1989. By: /s/ Diana J. Kenneally ------------------------------------- Assistant Vice President Date: August 24, 2004 ------------------------------------- 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: US Bank, not in its individual capacity, but solely as Owner Trustee under a Declaration of Trust dated September 17, 1987 and Amended and restated on September 29, 1987, and December 4, 1989. By: /s/ Diana J. Kenneally ------------------------------------- Assistant Vice President Date: August 24, 2004 ------------------------------------- EX-99 2 d15038_ex99.txt Certification I, Bryan Calder, 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 this report, fairly present in all material respects the financial condition, results of operations, 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 this report; 4. Based on my knowledge, the distribution or servicing information required to be provided to the bond trustee and owner 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 bond trustee and owner trustee in accordance with the terms of the pooling and servicing, or similar, agreement, and except as disclosed in this report, the servicer has fulfilled its obligations under the servicing agreement; and 6. The report discloses all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in this report. In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: GMAC Commercial Mortgage Corporation and J.P. Morgan Trust Company National Association. Date: August 24, 2004 /s/ Bryan Calder Bryan Calder Executive Vice President EX-99.4 3 d15038_ex99-4.txt GMAC CERTIFICATION GMAC Commercial Mortgage Annual Certification by Officer For the Year Ended December 31, 2003 United States Department of Education College and University Facility Loan Trust One Pursuant to Section 206 and 207 of the Servicing Agreement, I attest that: i. A review of the activities of GMAC Commercial Mortgage Corporation as Servicer during the period under this Servicing Agreement has been made under my supervision, and, to the best of my knowledge, based on such review, GMAC Commercial Mortgage Corporation as Servicer, has fulfilled in all material respects, all of its duties, responsibilities, or obligations under this Servicing Agreement throughout the period. ii. I confirm that GMAC Commercial Mortgage Corporation as Servicer is in compliance with the requirements of Section 202. GMAC COMMERCIAL MORTGAGE CORPORATION /s/ Brian T. Stauffer By: Brian T. Stauffer Title: Senior Vice President Date: January 29, 2004 GMAC Commercial Mortgage Corporation Report on Compliance with Minimum Servicing Standards December 31, 2003 Exhibit I Management's Assertion Concerning Compliance With Company Servicing Policy February 23, 2004 As of and for the year ended December 31, 2003, GMAC Commercial Mortgage Corporation (the "Company") has compiled in all material respects with the minimum servicing standards set forth in the Company's Servicing Policy (attached in Exhibit I), which were derived by management from the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers, except that with respect to the requirement to maintain borrower funds in appropriate custodial accounts in trust for investors in accordance with applicable servicing agreement requirements, the Company did not in 2003 timely transfer reserve account balances for 550 Company originated loans. Such reserve account balances, which totaled $85 million at September 30, 2003, were recorded and reconciled at a loan-level. In the fourth quarter of 2003, the reserve funds were transferred to appropriate custodial bank accounts and existing mitigating and detective controls were enhanced so that, consistent with Company policy, upon loan sale all escrow funds, including reserve funds, are timely transferred to appropriate custodial bank accounts as required in applicable servicing agreement. As of December 31, 2003, the Company was covered by various General Motors Corporation insurance policies providing for $125 million of fidelity bond insurance and $100 million of errors and omissions insurance. /s/ Robert D. Feller Chief Financial Officer /s/ Michael I. Lipson Executive Vice President Global Servicing /s/ Wayne D. Hoch Executive Vice President and Chief Financial Officer Exhibit II GMAC COMMERCIAL MORTGAGE CORPORATION MININUM 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: o be mathematically accurate; o be prepared within forty-five (45) calendar days after the cutoff date; o be reviewed and approved by someone other than the person who prepared the reconciliation; and o 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. 3. Mortgage payments shall be allocated to principal, interest, insurance, taxes or other escrow items in accordance with the mortgagor's loan documents. Exhibit II 4. Mortgage payments identified as loan payoffs shall be allocated in accordance with the mortgagor's loan documents. III. DISBURSEMENTS 1. Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel. 2. Disbursements made on behalf of a mortgagor or investor shall be posted within two business days to the mortgagor's or investor's records maintained by the servicing entity. 3. Tax and insurance payments for those loans that are escrowed shall be made on or before the penalty or insurance policy expirations date, as indicated on tax bills and insurance premium notices, respectively, provided that such support has been received by the servicing entity at least thirty (30) calendar days prior to these dates, and the mortgagor has agreed with the amounts due. 4. Any late payment penalties paid in conjunction with the payment of any tax bill or insurance premium notice shall be paid from the servicing entity's funds and not charged to the mortgagor, unless the late payment was due to the mortgagor's error or omission. 5. Amounts remitted to investors per the servicer's investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements. 6. Unissued checks shall be safeguarded so as to prevent unauthorized access. IV. INVESTOR ACCOUNTING AND REPORTING 1. Monthly investor reports shall be sent on a monthly basis listing the total unpaid principal balance and number of loans serviced. V. MORTGAGOR LOAN ACCOUNTING 1. The servicing entity's mortgage loans shall agree with, or reconcile to, the records of mortgagors with respect to the unpaid principal balance on a monthly basis. 2. Adjustments on ARM loans shall be computed based on the related mortgage note and any ARM rider. 3. Escrow accounts shall be analyzed, in accordance with the mortgagor's loan documents, on at least an annual basis. Exhibit II 4. Interest on escrow accounts, if required by the mortgage documents, shall be paid, or credited, to mortgagors in accordance with the borrower agreements. VI. DELINQUENCIES 1. Records documenting collection efforts shall be maintained during the period a loan is in default and shall be updated at least monthly. Such records shall describe the entity's activities in monitoring delinquent loans including, for example, phone calls, letters and mortgage payment rescheduling plans in cases where the delinquency is deemed temporary. VII. 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. EX-99.5 4 d15038_ex99-5.txt ATTESTATION REPORT OF INDEPENDENT ACCOUNTANTS Report of Independent Accountants To the Board of Directors and Shareholder of GMAC Commercial Mortgage Corporation: We have examined management's assertion, dated February 23, 2004, about GMAC Commercial Mortgage Corporation's (the "Company") compliance with its established minimum servicing policy ("Servicing Policy"), which management derived from the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP"), as of and for the year ended December 31, 2003 included in the accompanying management assertion (see Exhibit I). Management is responsible for the Company's compliance with the 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 attestation 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 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 its Servicing Policy. In our opinion, management's assertion that, except for instances of noncompliance, the Company complied with the aforementioned Servicing Policy as of and for the year ended December 31, 2003, is fairly stated, in all material respects. /s/ PricewaterhouseCoopers LLP February 23, 2004 EX-99.906 5 d15038_ex99-906.txt EX-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, 2004 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 24, 2004 ----------------------- 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. This certification is being furnished to the Commission solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and is not being filed as part of the Report filed with the Commission. EX-99.6 6 d15038_ex99-6.txt May 18, 2004 Gregory A. Kwasny JP Morgan 227 West Monroe, 26th Floor Chicago, IL 60606 RE: College and University Loan Trust One Payment Date Report o Due period amounts billed through May 1, 2004 $3,477,699.00 o Due period amounts billed and not received through May 1, 2004 $559,100.00 o Due period amounts billed and received May 2, 2004 through May 14, 2004 $530,767.00 We certify the above information to be true and correct to the best of our knowledge. To validate signature use the ApproveIt menu to Authenticate, Report & Print. Approved by: dcunning, 5/19/2004 10:56:27 - -------------- Darri Cunningham VP, Investor Operations Cc: Diana Kenneally US Bank One Federal Street 3rd Floor Boston, MA 02111 May 06, 2004 Grace Gorka Bank One 120 South LaSalle, 4th Floor Chicago, IL 60603 RE: College and University Loan Trust One Due Period Report Section 1306: - ---- A. Loans delinquent more than six months - See Attached B. Loans delinquent less than six months - See Attached C. Re-scheduled loans -- None to report D. Pre-payments -- See Attached E. Known circumstances that will result in rescheduling of future payments of any loan - none We certify the above information to be true and correct to the best of our knowledge. To validate signature use the ApproveIt menu to Authenticate, Report & Print. Approved by: dcunning, 5/7/2004 11:44:51 - -------------- Darri Cunningham Vice President Cc: Diana Kenneally State Street Bank & Trust Co. Corporate Trust Dept. 2 Avenue de Lafayette,6th Floor Boston, MA 02111 GMAC Commercial Mortgage College & Trust Facility Loan Trust I Delinquency Report (6+ Months) As of May 1, 2004
- --------------------------------------------------------------------------------------------- GMACCM Loan Number Borrower Name Next Payment Due P and I Due Current UPB - --------------------------------------------------------------------------------------------- 20018701 SUOMI COLL. 11-08-2003 21,577.37 2,876,983.12 20010801 LONG ISLAND U 6-01-2003 8,999.98 483,999.98 TOTAL 30,577.35 3,360,983.10 ==============================
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Delinquency Report (less than 6 months) As of May 1, 2004
- ----------------------------------------------------------------------------------------------- GMACCM Loan Number Borrower Name Next Payment Due P and I Due Current UPB - ----------------------------------------------------------------------------------------------- 20000601 ALMA COLLEGE 4-01-2004 50,025.00 335,000.00 20012901 MONTEREY JR C 4-01-2004 3,675.00 245,000.00 20013501 NEW ENGLAND C 4-01-2004 5,129.37 282,999.99 20013502 NEW ENGLAND C 4-01-2004 52,525.00 835,000.00 20016701 SCRIPPS COLLEGE 4-01-2004 1,095.00 73,000.00 20000401 ALFRED UNIVER 5-01-2004 2,655.00 177,000.00 20001201 ATLANTIC UNIO 5-01-2004 5,990.44 179,208.82 20001901 THE BENEDICT 5-01-2004 510.00 34,000.00 20002701 CALIFORNIA ST 5-01-2004 21,900.00 1,460,000.00 20004501 CONCORDIA TEA 5-01-2004 31,975.00 464,999.99 20006502 FAIRLEIGH DIC 5-01-2004 3,614.82 95,726.83 20008201 HAMPSHIRE COL 5-01-2004 765.00 51,000.00 20008301 HARCUM JR COL 5-01-2004 8,100.00 540,000.00 20008401 HAVERFORD COL 5-01-2004 5,618.75 310,000.00 20013301 MORRIS COLLEGE 5-01-2004 10,245.00 683,000.00 20016401 CALIFORNIA ST 5-01-2004 5,025.00 335,000.00 20016501 CALIFORNIA ST 5-01-2004 10,500.00 700,000.00 20018801 SUSQUEHANNA U 5-01-2004 900.00 60,000.00 20018802 SUSQUEHANNA U 5-01-2004 5,618.75 310,000.00 20019201 TEMPLE UNIV 5-01-2004 6,041.25 358,000.00 20020001 UNIV OF ALAB 5-01-2004 93,340.00 1,556,000.00 20021101 UNIV OF MISSO 5-01-2004 185,298.75 182,000.00 20021301 UNIV OF MONTE 5-01-2004 11,225.00 215,000.00 20023501 WSTERN MARYLAND 5-01-2004 15,750.00 1,050,000.00 TOTALS: 537,522.13 10,531,935.63 =============================
Prepayments College and University Loan Trust I Prepayments For 6 months ending May 1, 2004
- ------------------------------------------------------------------------------------------------------------------------------------ Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount Other Fees Maturity Date - ------------------------------------------------------------------------------------------------------------------------------------ 20008502 11-25-03 96,425.00 95,000.00 1,425.00 12-01-2007 20010002 12-01-03 76,688.51 76,497.27 191.24 5-01-2007 20018403 12-15-03 816,000.00 816,000.00 -- 5-01-2024 20003502 4-05-04 183,715.00 181,000.00 2,715.00 -- 10-01-2011 20004304 4-05-04 320,709.38 315,000.00 5,709.38 -- 4-01-2005 20011401 4-02-04 213,150.00 210,000.00 3,150.00 -- 4-01-2007 20017102 4-02-04 1,092,325.00 1,075,000.00 17,325.00 -- 4-01-2016 20021901 4-20-04 215,180.00 212,000.00 3,180.00 -- 4-01-2013 -------------------------------------------------------------------------- Totals 3,014,192.89 2,980,497.27 33,695.62 -- ====================================================================================================================================
GMAC Commercial Mortgage College and University Loan Trust I Collection Account Activity Report For the Quarter Ended March 31, 2004
Collections: January February March ------------ ------------- -------------- Principal Payments 313,618.83 21,000.00 495,000.00 Interest Payments 88,510.46 28,612.35 100,748.75 ----------------------------------------------- Total Principal and Interest Collections 402,129.29 49,612.35 595,748.75 ----------------------------------------------- Payments and Reversals Posted to Suspense (26,126.92) -- -- ----------------------------------------------- Total Collections 376,002.37 49,612.35 595,748.75 ----------------------------------------------- Less: Servicing Fees (not withheld from remittances) (1,413.52) (959.73) (1,400.86) =============================================== Net Collections 374,588.85 48,652.62 594,347.89 ===============================================
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Service Fees Schedule For the Quarter Ended March 31, 2004
- ------------------------------------------------------------------------------------------------------------------------------------ Date Due GMACCM Number Borrower Name Principal Due Interest Due Total Due Principal Balance Service Fees - ------------------------------------------------------------------------------------------------------------------------------------ January - ------- 1-01-2004 20001002 APPALACHIAN S 0.00 2085.00 2085.00 139000.00 38.23 1-01-2004 20003901 COLL. OF CHAR 0.00 11550.00 11550.00 770000.00 211.75 1-01-2004 20006101 ECKERD COLLEG 0.00 1365.00 1365.00 0.00 - 1-01-2004 20006801 FLORIDA ATLAN 0.00 2025.00 2025.00 135000.00 37.13 1-01-2004 20009101 IOWA STATE UN 0.00 7500.00 7500.00 500000.00 137.50 1-01-2004 20009201 JACKSON ST. 50000.00 3000.00 53000.00 200000.00 55.00 1-01-2004 20012401 MISSISSIPPI V 0.00 750.00 750.00 50000.00 13.75 1-01-2004 20012801 MONTCLAIR COL 0.00 3330.00 3330.00 222000.00 61.05 1-01-2004 20020803 UNIV. OF FLOR 180000.00 4395.00 184395.00 293000.00 80.58 1-01-2004 20021401 U OF NEBRASKA 4000.00 1515.00 5515.00 101000.00 27.78 1-01-2004 20021603 NORTH CAROLIN 65000.00 17100.00 82100.00 1140000.00 313.50 1-01-2004 20022401 SOUTH FLORIDA 0.00 23850.00 23850.00 1590000.00 437.25 -------------------------------------------------------------------------------- TOTALS: 299,000.00 78,465.00 377,465.00 5,140,000.00 1,413.52 ================================================================================
GMAC Commercial Mortgage College and University Loan Trust I Paid In Full Loan Schedule For the Quarter Ended March 31, 2004
- ------------------------------------------------------------------------------------------------------------------------------------ Loan Number Payoff Date Total Amount Principal Amount Interest Amount Other Fees Maturity Date - ------------------------------------------------------------------------------------------------------------------------------------ 20019503 3-01-04 336,792.50 331,000.00 5,792.50 0 3-01-2004 Totals 336,792.50 331,000.00 5,792.50 ====================================================================================================================================
* Please note that service fees have not yet been deducted. GMAC Commercial Mortgage College and University Loan Trust I Summary of Partial Prepayments For the Quarter Ended on March 31, 2004
- -------------------------------------------------------------------------------------------------------- Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount - -------------------------------------------------------------------------------------------------------- None to Report -- --------------------------------------------------------------------- TOTAL: -- -- -- =====================================================================
GMAC Commercial Mortgage College and University Loan Trust I Trial Balance For the Quarter Ended on March 31, 2004
- ---------------------------------------------------------------------------------------------------------------------- GMACCM Number Borrower Name Interest Rate Current UPB Maturity Date - ---------------------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 1,020,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 177,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 335,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 150,000.00 3-01-2010 20001002 APPALACHIAN STATE UNIVERSITY 3.00 139,000.00 7-01-2004 20001201 ATLANTIC UNION COLLEGE 3.00 179,208.82 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 1,090,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 638,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 34,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 88,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 272,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 46,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 752,587.58 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 111,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,460,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 487,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,535,000.00 4-01-2016 20003502 CHAMINADE UNIVERSITY 3.00 181,000.00 10-01-2011 20003901 COLLEGE OF CHARLESTON 3.00 770,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 475,000.00 4-01-2017 20004202 VIRGIN ISLANDS COLLEGE 3.00 97,000.00 10-01-2004 20004304 COLORADO STATE UNIVERSITY 3.63 315,000.00 4-01-2005 20004401 R.I. JR. COLLEGE 3.00 316,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 464,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 275,000.00 4-01-2019 20005401 DEAN ACADEMY & JR. COLLEGE 3.00 289,000.00 4-01-2016 20005801 DRAKE UNIVERSITY 3.00 810,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 250,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 95,726.83 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 135,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 17,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 60,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 345,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 540,000.00 11-01-2015 20008401 HAVERFORD COLL . 3.63 310,000.00 11-01-2013 20009101 IOWA STATE UNIV OF SCI & TECH 3.00 500,000.00 7-01-2007 20009201 JACKSON STATE COLLEGE 3.00 150,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 460,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN 3.00 62,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 650,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 145,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 483,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 203,000.00 10-01-2005 20011401 MCKENDREE COLLEGE 3.00 210,000.00 4-01-2007 20012001 MICHIGAN STATE UNIVERSITY 3.00 608,823.83 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 1,048,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 50,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 272,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 164,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 222,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 245,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 89,600.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 683,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 282,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 835,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 405,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,524,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 111,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 503,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3.00 335,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 700,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 955,219.93 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 73,000.00 10-01-2005 20017102 SOUTH DAKOTA STATE UNIVERSITY 3.00 1,155,000.00 4-01-2016 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.50 370,000.00 4-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 110,987.41 5-01-2011 20018001 ST.EDWARDS UNIVERSITY 3.63 149,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 105,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 10,000.00 2-01-2007 20018701 SOUMI COLLEGE 3.00 2,876,983.12 2-08-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 60,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 310,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 103,209.51 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 390,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 358,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 140,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 473,000.00 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.38 3,145,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 108,000.00 6-01-2021 20019701 TUFTS COLLEGE 3.63 86,000.00 10-01-2004 20020001 UNIVERSITY OF ALABAMA 3.00 1,556,000.00 5-01-2021 20020803 UNIVERSITY OF FLORIDA 3.00 113,000.00 1-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 400,000.00 10-01-2006 20021101 UNIVERSITY OF MISSOURI 3.63 182,000.00 5-01-2004 20021301 UNIVERSITY OF MONTEVALLO 3.00 215,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 97,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,075,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,350,000.00 4-01-2018 20021901 UNIVERSITY OF PORTLAND 3.00 212,000.00 4-01-2013 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,590,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.38 206,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3.00 265,000.00 4-01-2017 20022701 UNIVERSITY OF VERMONT 3.00 2,327,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 308,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 402,765.17 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 1,050,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 80,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 445,000.00 10-01-2017 TOTALS: 48,142,007.14 ==============
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Delinquency Report (60+Days) For the Quarter Ended on March 31, 2004
- ---------------------------------------------------------------------------------------------- GMACCM Loan Number Borrower Name Next Payment Due P and I Due Current UPB - ---------------------------------------------------------------------------------------------- 20018701 SUOMI COLL. 11-08-2003 21,577.37 2,876,983.12 20010801 LONG ISLAND U 6-01-2003 8,999.98 483,999.98 ------------------------------- TOTAL 30,577.35 3,360,983.10 ===============================
GMAC Commercial Mortgage College and University Loan Trust I Liquidation Report For the Quarter Ended on March 31, 2004 None to report for this period GMAC Commercial Mortgage College and University Loan Trust I Collection Account Activity Report For the Quarter Ended December 31, 2003 Collections:
October November December ------------- ------------ ------------ Principal Payments 2,394,296.86 696,074.41 1,125,159.34 Interest Payments 335,436.95 143,817.73 102,887.55 ------------------------------------------------ Total Principal and Interest Collections 2,729,733.81 839,892.14 1,228,046.89 ------------------------------------------------ Payments and Reversals Posted to Suspense 64,684.87 -- (16,980.58) ------------------------------------------------ Total Collections 2,794,418.68 839,892.14 1,211,066.31 ------------------------------------------------ Less: Servicing Fees (not withheld from remittances) (6,322.09) (4,252.61) (1,274.81) ================================================ Net Collections 2,788,096.59 835,639.53 1,209,791.50 ================================================
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Service Fees Schedule For the Quarter Ended December 31, 2003
- ------------------------------------------------------------------------------------------------------------------------------------ Date Due GMACCM Number Borrower Name Principal Due Interest Due Total Due Principal Balance Service Fees - ------------------------------------------------------------------------------------------------------------------------------------ October - ------- 10-01-2003 20000101 ALBION COLLEG 70000.00 16350.00 86350.00 1090000.00 299.75 10-01-2003 20000601 ALMA COLLEGE 0.00 5025.00 5025.00 335000.00 92.13 10-01-2003 20001104 ARIZONA ST. 52000.00 910.00 52910.00 52000.00 14.30 10-01-2003 20001301 AUGSBERG COLL 0.00 16350.00 16350.00 1090000.00 299.75 10-01-2003 20001401 AZUSA UNIVERS 0.00 9570.00 9570.00 638000.00 175.45 10-01-2003 20002101 BIRMINGHAM SO 40000.00 1920.00 41920.00 128000.00 35.20 10-01-2003 20002102 BIRMINGHAM SO 36000.00 4620.00 40620.00 308000.00 84.70 10-01-2003 20002201 BLACKS HILLS 20000.00 810.00 20810.00 54000.00 14.85 10-01-2003 20002202 BLACKS HILLS 11000.00 855.00 11855.00 57000.00 15.68 10-01-2003 20003001 CASE WESTERN 0.00 23025.00 23025.00 1535000.00 422.13 10-01-2003 20003502 ST. LOUIS CHA 21000.00 3030.00 24030.00 202000.00 55.55 10-01-2003 20004001 COLL.OF ST. T 0.00 7125.00 7125.00 475000.00 130.63 10-01-2003 20004202 VIRGIN ISLAND 94000.00 2865.00 96865.00 191000.00 52.53 10-01-2003 20004304 COLORADO ST. 0.00 5709.38 5709.38 315000.00 86.63 10-01-2003 20004401 R.I. JR. COLL 10000.00 4890.00 14890.00 326000.00 89.65 10-01-2003 20005201 DANIEL WEBSTE 0.00 4125.00 4125.00 275000.00 75.63 10-01-2003 20005401 DEAN ACADEMY 0.00 4335.00 4335.00 289000.00 79.48 10-01-2003 20005801 DRAKE UNIV. 40000.00 12750.00 52750.00 850000.00 233.75 10-01-2003 20006401 KS.ST.TEACHER 0.00 3750.00 3750.00 250000.00 68.75 10-01-2003 20007201 FOOTHILL JUNI 20000.00 1200.00 21200.00 80000.00 22.00 10-01-2003 20007801 GORDON COLLEG 0.00 9870.00 9870.00 564000.00 155.10 10-01-2003 20007901 GRAMBLING 50000.00 937.50 50937.50 50000.00 13.75 10-01-2003 20007902 GRAMBLING 120000.00 6975.00 126975.00 465000.00 127.88 10-01-2003 20009302 JARVIS CHRIST 0.00 6900.00 6900.00 460000.00 126.50 10-01-2003 20009502 SACRED HEART 0.00 930.00 930.00 62000.00 17.05 10-01-2003 20010802 LONG ISLAND U 96000.00 5606.25 101606.25 299000.00 82.23 10-01-2003 20011401 MCKENDREE COL 0.00 3150.00 3150.00 210000.00 57.75 10-01-2003 20012101 MIDDLEBURY CO 37000.00 16275.00 53275.00 1085000.00 298.38 10-01-2003 20012601 MISSOURI WEST 31000.00 2925.00 33925.00 195000.00 53.63 10-01-2003 20012901 MONTEREY JR C 10000.00 3825.00 13825.00 255000.00 70.13 10-01-2003 20013501 NEW ENGLAND C 25000.00 5582.50 30582.50 307999.99 84.70 10-01-2003 20013502 NEW ENGLAND C 0.00 12525.00 12525.00 835000.00 229.63 10-01-2003 20016101 RIVERSIDE HOS 0.00 1665.00 1665.00 111000.00 30.53 10-01-2003 20016201 RIVIER COLLEG 0.00 9116.88 9116.88 503000.00 138.33 10-01-2003 20016701 SCRIPPS COLLE 45000.00 1770.00 46770.00 118000.00 32.45 10-01-2003 20017102 SOUTH DAKOTA 0.00 17325.00 17325.00 1155000.00 317.63 10-01-2003 20017301 S.E. MISSOURI 0.00 6475.00 6475.00 370000.00 101.75 10-01-2003 20018001 ST.EDWARDS 0.00 2700.62 2700.62 149000.00 40.98 10-01-2003 20018302 ST. MICHAELS 0.00 1575.00 1575.00 105000.00 28.88 10-01-2003 20019101 TAYLOR UNIV. 50000.00 6600.00 56600.00 440000.00 121.00 10-01-2003 20019401 TEXAS COLLEGE 0.00 2100.00 2100.00 140000.00 38.50 10-01-2003 20019701 TUFTS COLLEGE 125000.00 3824.38 128824.38 211000.00 58.03 10-01-2003 20021001 UNIV HAWAII 130000.00 7950.00 137950.00 530000.00 145.75 10-01-2003 20021701 UNIV. OF NOTR 0.00 21450.00 21450.00 1430000.00 393.25 10-01-2003 20021901 UNIV. OF PORT 0.00 3180.00 3180.00 212000.00 58.30 10-01-2003 20022301 UNIV. SOUTH D 55000.00 12832.50 67832.50 763000.00 209.83 10-01-2003 20022601 UNIV.OF STEUB 0.00 3476.25 3476.25 206000.00 56.65 10-01-2003 20022602 UNIV.OF STEUB 0.00 3975.00 3975.00 265000.00 72.88 10-01-2003 20022701 UNIV OF VERMO 56000.00 35745.00 91745.00 2383000.00 655.33 10-01-2003 20023601 WSTRN WASH. S 20000.00 1500.00 21500.00 100000.00 27.50 10-01-2003 20023901 XAVIER UNIV. 25000.00 7050.00 32050.00 470000.00 129.25 ------------------------------------------------------------------------------------- TOTALS: 1,289,000.00 355,026.26 1,644,026.26 22,988,999.99 6,322.09 ===================================================================================== November - -------- 11-01-2003 20000401 ALFRED UNIVER 41000.00 3270.00 44270.00 218000.00 59.95 11-01-2003 20001201 ATLANTIC UNIO 3253.51 2736.93 5990.44 182462.33 50.18 11-01-2003 20001901 THE BENEDICT 11000.00 675.00 11675.00 45000.00 12.38 11-01-2003 20002701 CALIFORNIA ST 140000.00 24000.00 164000.00 1600000.00 440.00 11-01-2003 20002801 CARNEGIE-MELL 12000.00 7485.00 19485.00 499000.00 137.23 11-01-2003 20004501 CONCORDIA TEA 30000.00 7425.00 37425.00 494999.99 136.12 11-01-2003 20006501 FAIRLEIGH DIC 54000.00 945.00 54945.00 54000.00 14.85 11-01-2003 20006502 FAIRLEIGH DIC 2146.72 1468.10 3614.82 97873.55 26.92 11-01-2003 20008201 HAMPSHIRE COL 16000.00 1005.00 17005.00 67000.00 18.43 11-01-2003 20008301 HARCUM JR COL 35000.00 8625.00 43625.00 575000.00 158.13 11-01-2003 20008401 HAVERFORD COL 25000.00 6071.88 31071.88 335000.00 92.13 11-01-2003 20010002 KNOX COLLEGE 10291.80 1301.84 11593.64 86789.07 23.87 11-01-2003 20012001 MSU HOUSING 14180.77 9345.07 23525.84 623004.60 171.33 11-01-2003 20013301 MORRIS COLLEG 58000.00 11115.00 69115.00 741000.00 203.78 11-01-2003 20016401 CALIFORNIA ST 15000.00 5250.00 20250.00 350000.00 96.25 11-01-2003 20016501 CALIFORNIA ST 30000.00 10950.00 40950.00 730000.00 200.75 11-01-2003 20016601 SARAH LAWRENC 20641.82 14637.92 35279.74 975861.75 268.36 11-01-2003 20017801 SPRINGFIELD C 6554.77 1763.13 8317.90 117542.18 32.32 11-01-2003 20018403 LELAND STANFO 0.00 12240.00 12240.00 816000.00 224.40 11-08-2003 20018701 SUOMI COLLEGE 0.00 21577.37 21577.37 2876983.12 791.17 11-01-2003 20018801 SUSQUEHANNA U 20000.00 1200.00 21200.00 80000.00 22.00 11-01-2003 20018802 SUSQUEHANNA U 20000.00 5981.25 25981.25 330000.00 90.75 11-01-2003 20018901 SWARTHMORE CO 4155.39 1610.47 5765.86 107364.90 29.53 11-01-2003 20019201 TEMPLE UNIV. 30000.00 6547.50 36547.50 388000.00 106.70 11-01-2003 20020001 UNIV. OF ALAB 0.00 23340.00 23340.00 1556000.00 427.90 11-01-2003 20021101 UNIV.OF MISSO 0.00 3298.75 3298.75 182000.00 50.05 11-01-2003 20021203 UNIV. OF MISS 0.00 210.00 210.00 0.00 -- 11-01-2003 20021301 UNIV OF MONTE 0.00 3225.00 3225.00 215000.00 59.13 11-01-2003 20023501 WSTRN MARYLAN 70000.00 16800.00 86800.00 1120000.00 308.00 ------------------------------------------------------------------------------------- TOTALS: 668,224.78 214,100.21 882,324.99 15,463,881.49 4,252.61 ===================================================================================== December - -------- 12-30-2003 20002401 BOSTON UNIVER 14618.82 11887.81 26506.63 792520.65 217.94 12-01-2003 20008502 HIGH POINT CO 15000.00 1425.00 16425.00 95000.00 26.13 12-01-2003 20009702 KENT STATE 130000.00 11700.00 141700.00 780000.00 214.50 12-01-2003 20010801 LONG ISLAND U 0.00 7125.00 7125.00 483999.98 133.10 12-01-2003 20012501 MISSOURI SOUT 50000.00 4845.00 54845.00 322999.99 88.82 12-01-2003 20013001 MONTREAT-ANDE 2400.00 1380.00 3780.00 92000.00 25.30 12-01-2003 20014401 DOMNION UNIV. 0.00 22875.00 22875.00 1524999.99 419.37 12-01-2003 20019601 TOUGALOO COLL 0.00 1620.00 1620.00 108000.00 29.70 12-30-2003 20023102 VANDERBLT/GEO 33408.56 6542.61 39951.17 436173.73 119.95 TOTALS: 245,427.38 69,400.42 314,827.80 4,635,694.34 1,274.81 ===================================================================================== TOTALS FOR 2ND QTR ===================================================================================== 2,202,652.16 638,526.89 2,841,179.05 43,088,575.82 11,849.51 =====================================================================================
GMAC Commercial Mortgage College and University Loan Trust I Paid In Full Loan Schedule For the Quarter Ended December 31, 2003
- ---------------------------------------------------------------------------------------------------------------------- Loan Number Payoff Date Total Amount Principal Amount Interest Amount Other Fees Maturity Date - ---------------------------------------------------------------------------------------------------------------------- 20001104 10-03-03 52,910.00 52,000.00 910.00 10-01-2003 20007801 10-03-03 573,870.00 564,000.00 9,870.00 4-01-2013 20007901 10-10-03 50,937.50 50,000.00 937.50 10-01-2003 20022301 10-02-03 720,832.50 708,000.00 12,832.50 10-01-2013 20006501 11-03-03 54,945.00 54,000.00 945.00 11-01-2003 20008502 11-25-03 96,425.00 95,000.00 1,425.00 12-01-2007 20010002 12-01-03 76,688.51 76,497.27 191.24 5-01-2007 20018403 12-15-03 816,000.00 816,000.00 -- 5-01-2024 Totals 2,442,608.51 2,415,497.27 27,111.24 ======================================================================================================================
* Please note that service fees have not yet been deducted. GMAC Commercial Mortgage College and University Loan Trust I Summary of Partial Prepayments For the Quarter Ended on December 31, 2003
- -------------------------------------------------------------------------------------------------------- Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount - -------------------------------------------------------------------------------------------------------- None to Report -- --------------------------------------------------------------------- TOTAL: -- -- -- =====================================================================
GMAC Commercial Mortgage College and University Loan Trust I Trial Balance For the Quarter Ended on December 31, 2003
- ---------------------------------------------------------------------------------------------------------------------- GMACCM Number Borrower Name Interest Rate Current UPB Maturity Date - ---------------------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 1,020,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 177,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 335,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 170,000.00 3-01-2010 20001002 APPALACHIAN STATE UNIVERSITY 3.00 139,000.00 7-01-2004 20001201 ATLANTIC UNION COLLEGE 3.00 179,208.82 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 1,090,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 638,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 34,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 88,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 272,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 46,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 767,206.41 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 119,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,460,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 487,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,535,000.00 4-01-2016 20003502 CHAMINADE UNIVERSITY 3.00 181,000.00 10-01-2011 20003901 COLLEGE OF CHARLESTON 3.00 770,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 475,000.00 4-01-2017 20004202 VIRGIN ISLANDS COLLEGE 3.00 97,000.00 10-01-2004 20004304 COLORADO STATE UNIVERSITY 3.63 315,000.00 4-01-2005 20004401 R.I. JR. COLLEGE 3.00 316,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 464,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 275,000.00 4-01-2019 20005401 DEAN ACADEMY & JR. COLLEGE 3.00 289,000.00 4-01-2016 20005801 DRAKE UNIVERSITY 3.00 810,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 250,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 95,726.83 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 135,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 26,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 60,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 345,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 540,000.00 11-01-2015 20008401 HAVERFORD COLL. 3.63 310,000.00 11-01-2013 20009101 IOWA STATE UNIV OF SCI & TECH 3.00 500,000.00 7-01-2007 20009201 JACKSON STATE COLLEGE 3.00 200,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 460,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN 3.00 62,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 650,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 145,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 483,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 203,000.00 10-01-2005 20011401 MCKENDREE COLLEGE 3.00 210,000.00 4-01-2007 20012001 MICHIGAN STATE UNIVERSITY 3.00 608,823.83 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 1,048,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 50,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 272,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 164,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 222,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 245,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 89,600.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 683,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 282,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 835,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 405,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,524,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 111,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 503,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3.00 335,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 700,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 955,219.93 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 73,000.00 10-01-2005 20017102 SOUTH DAKOTA STATE UNIVERS 3.00 1,155,000.00 4-01-2016 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.50 370,000.00 4-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 110,987.41 5-01-2011 20018001 ST.EDWARDS UNIVERSITY 3.63 149,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 105,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 14,000.00 2-01-2007 20018701 SOUMI COLLEGE 3.00 2,876,983.12 2-08-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 60,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 310,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 103,209.51 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 390,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 358,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 140,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 518,000.00 3-01-2013 20019503 TEXAS TECH. UNIVERSITY 3.50 331,000.00 3-01-2004 20019504 TEXAS TECH. UNIVERSITY 3.38 3,164,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 108,000.00 6-01-2021 20019701 TUFTS COLLEGE 3.63 86,000.00 10-01-2004 20020001 UNIVERSITY OF ALABAMA 3.00 1,556,000.00 5-01-2021 20020803 UNIVERSITY OF FLORIDA 3.00 293,000.00 1-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 400,000.00 10-01-2006 20021101 UNIVERSITY OF MISSOURI 3.63 182,000.00 5-01-2004 20021301 UNIVERSITY OF MONTEVALLO 3.00 215,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 101,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,140,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,430,000.00 4-01-2018 20021901 UNIVERSITY OF PORTLAND 3.00 212,000.00 4-01-2013 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,590,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.38 206,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3.00 265,000.00 4-01-2017 20022701 UNIVERSITY OF VERMONT 3.00 2,327,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 308,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 402,765.17 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 1,050,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 80,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 445,000.00 10-01-2017 TOTALS: 48,971,625.97 =============
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Delinquency Report (60+Days) For the Quarter Ended on December 31, 2003
- --------------------------------------------------------------------------------------------- GMACCM Loan Number Borrower Name Next Payment Due P and I Due Current UPB - --------------------------------------------------------------------------------------------- 20018701 SUOMI COLL. 5-08-2003 43,154.74 2,876,983.12 20010801 LONG ISLAND U 6-01-2003 8,999.98 483,999.98 ------------------------------ TOTAL 52,154.72 3,360,983.10 ==============================
GMAC Commercial Mortgage 20010801 LONG ISLAND U 6-01-2003 Liquidation Report For the Quarter Ended on December 31, 2003 None to report for this period GMAC Commercial Mortgage College and University Loan Trust I Collection Account Activity Report For the Period of May 1, 2004 through May 31, 2004
Collections: Principal Payments 377,881.23 Interest Payments 163,384.90 ---------- Total Principal and Interest Collections 541,266.13 ========== Payments and Reversals Posted to Suspense -- ---------- Total Collections 541,266.13 ========== Less: Servicing Fees (not withheld from remittances) (4,068.83) ---------- Net Collections 537,197.30 ==========
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Service Fees Schedule For the Period of May 1, 2004 through May 31, 2004
- ------------------------------------------------------------------------------------------------------------------------------------ Date Due GMACCM Number Borrower Name Principal Due Interest Due Total Due Principal Balance Service Fees - ------------------------------------------------------------------------------------------------------------------------------------ 5-01-2004 20000401 ALFRED UNIVER 0.00 2655.00 2655.00 177000.00 48.68 5-01-2004 20001201 ATLANTIC UNIO 3302.31 2688.13 5990.44 179208.82 49.28 5-01-2004 20001901 THE BENEDICT 0.00 510.00 510.00 34000.00 9.35 5-01-2004 20002701 CALIFORNIA ST 0.00 21900.00 2 1900.00 1460000.00 401.50 5-01-2004 20002801 CARNEGIE-MELL 15000.00 7305.00 22305.00 487000.00 133.93 5-01-2004 20004501 CONCORDIA TEA 25000.00 6975.00 31975.00 464999.99 127.87 5-01-2004 20006501 FAIRLEIGH DIC 0.00 945.00 945.00 0.00 -- 5-01-2004 20006502 FAIRLEIGH DIC 2178.92 1435.90 3614.82 95726.83 26.32 5-01-2004 20008201 HAMPSHIRE COL 0.00 765.00 765.00 51000.00 14.03 5-01-2004 20008301 HARCUM JR COL 0.00 8100.00 8100.00 540000.00 148.50 5-01-2004 20008401 HAVERFORD COL 0.00 5618.75 5618.75 310000.00 85.25 5-01-2004 20010002 KNOX COLLEGE 10446.18 1147.46 11593.64 76497.27 21.04 5-01-2004 20012001 MSU HOUSING 14393.48 9132.36 23525.84 608823.83 167.43 5-01-2004 20013301 MORRIS COLLEG 0.00 10245.00 10245.00 683000.00 187.83 5-01-2004 20016401 CALIFORNIA ST 0.00 5025.00 5025.00 335000.00 92.13 5-01-2004 20016501 CALIFORNIA ST 0.00 10500.00 10500.00 700000.00 192.50 5-01-2004 20016601 SARAH LAWRENC 20951.44 14328.30 35279.74 955219.93 262.69 5-01-2004 20017801 SPRINGFIELD C 6653.08 1664.82 8317.90 110987.41 30.52 5-01-2004 20018403 LELAND STANFO 30000.00 12240.00 42240.00 816000.00 224.40 5-08-2004 20018701 SUOMI COLLEGE 0.00 21577.37 21577.37 2876983.12 791.17 5-01-2004 20018801 SUSQUEHANNA U 0.00 900.00 900.00 60000.00 6.50 5-01-2004 20018802 SUSQUEHANNA U 0.00 5618.75 5618.75 310000.00 85.25 5-01-2004 20018901 SWARTHMORE CO 4217.72 1548.14 5765.86 103209.51 28.38 5-01-2004 20019201 TEMPLE UNIV. 0.00 6041.25 6041.25 358000.00 98.45 5-01-2004 20020001 UNIV. OF ALAB 70000.00 23340.00 93340.00 1556000.00 427.90 5-01-2004 20021101 UNIV.OF MISSO 182000.00 3298.75 185298.75 182000.00 50.05 5-01-2004 20021301 UNIV OF MONTE 8000.00 3225.00 11225.00 215000.00 59.13 5-01-2004 20023501 WSTRN MARYLAN 0.00 15750.00 15750.00 1050000.00 288.75 TOTALS: 392,143.13 204,479.98 596,623.11 14,795,656.71 4,068.83 =====================================================================================
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Paid-in-Full Loans For the Period of May 1, 2004 through May 31, 2004
- ----------------------------------------------------------------------------------------------------------------------------------- Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount Other Fees Maturity Date - --------------------------------------------------------------------------------------------------------------------------------- 20021101 5-04-04 185,298.75 182,000.00 3,298.75 -- 5-01-2004 TOTAL: 185,298.75 182,000.00 3,298.75 -- ============================================================================
GMAC Commercial Mortgage College and University Loan Trust I Summary of Partial Prepayments For the Period of May 1, 2004 through May 31, 2004
- -------------------------------------------------------------------------------------------------------- Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount - -------------------------------------------------------------------------------------------------------- None to Report -- --------------------------------------------------------------------- TOTAL: -- -- -- =====================================================================
GMAC Commercial Mortgage College and University Loan Trust I Trial Balance As of May 31, 2004
- ---------------------------------------------------------------------------------------------------------------------- GMACCM Number Borrower Name Interest Rate Current UPB Maturity Date - ---------------------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 1,020,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 177,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 290,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 150,000.00 3-01-2010 20001002 APPALACHIAN STATE UNIVERSITY 3.00 139,000.00 7-01-2004 20001201 ATLANTIC UNION COLLEGE 3.00 175,906.51 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 1,020,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 603,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 34,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 88,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 272,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 46,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 752,587.58 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 111,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,460,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 472,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,435,000.00 4-01-2016 20003901 COLLEGE OF CHARLESTON 3.00 770,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 445,000.00 4-01-2017 20004202 VIRGIN ISLANDS COLLEGE 3.00 97,000.00 10-01-2004 20004401 R.I. JR. COLLEGE 3.00 306,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 439,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 260,000.00 4-01-2019 20005401 DEAN ACADEMY & JR. COLLEGE 3.00 269,000.00 4-01-2016 20005801 DRAKE UNIVERSITY 3.00 770,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 210,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 93,547.91 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 135,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 17,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 60,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 345,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 540,000.00 11-01-2015 20008401 HAVERFORD COLL . 3.63 310,000.00 11-01-2013 20009101 IOWA STATE UNIV OF SCI & TECH 3.00 500,000.00 7-01-2007 20009201 JACKSON STATE COLLEGE 3.00 150,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 438,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 42,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 650,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 145,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 483,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 203,000.00 10-01-2005 20012001 MICHIGAN STATE UNIVERSITY 3.00 594,430.35 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 1,010,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 50,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 272,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 164,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 222,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 245,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 87,200.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 683,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 282,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 795,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 405,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,524,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 81,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 463,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3.00 335,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 700,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 934,268.49 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 73,000.00 10-01-2005 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.50 190,000.00 4-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 104,334.33 5-01-2011 20018001 ST.EDWARDS UNIVERSITY 3.63 136,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 80,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 10,000.00 2-01-2007 20018701 SOUMI COLLEGE 3.00 2,876,983.12 2-08-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 60,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 310,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 98,991.79 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 390,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 358,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 105,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 473,000.00 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.38 3,145,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 108,000.00 6-01-2021 20019701 TUFTS COLLEGE 3.63 86,000.00 10-01-2004 20020001 UNIVERSITY OF ALABAMA 3.00 1,486,000.00 5-01-2021 20020803 UNIVERSITY OF FLORIDA 3.00 113,000.00 1-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 400,000.00 10-01-2006 20021301 UNIVERSITY OF MONTEVALLO 3.00 207,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 97,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,075,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,350,000.00 4-01-2018 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,590,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.38 186,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3.00 250,000.00 4-01-2017 20022701 UNIVERSITY OF VERMONT 3.00 2,270,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 308,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 402,765.17 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 1,050,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 80,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 445,000.00 10-01-2017
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Delinquency Report (60+Days) As of May 31, 2004
- --------------------------------------------------------------------------------------------- GMACCM Loan Number Borrower Name Next Payment Due P and I Due Current UPB - --------------------------------------------------------------------------------------------- 20018701 SUOMI COLL. 11-08-2003 21,577.37 2,876,983.12 20010801 LONG ISLAND U 6-01-2003 8,999.98 483,999.98 ---------------------------- TOTAL 30,577.35 3,360,983.10 ============================
GMAC Commercial Mortgage College and University Loan Trust I Liquidation Report As of May 31, 2004 None to report for this period GMAC Commercial Mortgage College & Trust Facility Loan Trust I Delinquency Report (6+ Months) As of May 1, 2004
- --------------------------------------------------------------------------------------------- GMACCM Loan Number Borrower Name Next Payment Due P and I Due Current UPB - --------------------------------------------------------------------------------------------- 20018701 SUOMI COLL. 11-08-2003 21,577.37 2,876,983.12 20010801 LONG ISLAND U 6-01-2003 8,999.98 483,999.98 TOTAL 30,577.35 3,360,983.10 ==============================
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Delinquency Report (less than 6 months) As of May 1, 2004
- ----------------------------------------------------------------------------------------------- GMACCM Loan Number Borrower Name Next Payment Due P and I Due Current UPB - ----------------------------------------------------------------------------------------------- 20000601 ALMA COLLEGE 4-01-2004 50,025.00 335,000.00 20012901 MONTEREY JR C 4-01-2004 3,675.00 245,000.00 20013501 NEW ENGLAND C 4-01-2004 5,129.37 282,999.99 20013502 NEW ENGLAND C 4-01-2004 52,525.00 835,000.00 20016701 SCRIPPS COLLEGE 4-01-2004 1,095.00 73,000.00 20000401 ALFRED UNIVER 5-01-2004 2,655.00 177,000.00 20001201 ATLANTIC UNIO 5-01-2004 5,990.44 179,208.82 20001901 THE BENEDICT 5-01-2004 510.00 34,000.00 20002701 CALIFORNIA ST 5-01-2004 21,900.00 1,460,000.00 20004501 CONCORDIA TEA 5-01-2004 31,975.00 464,999.99 20006502 FAIRLEIGH DIC 5-01-2004 3,614.82 95,726.83 20008201 HAMPSHIRE COL 5-01-2004 765.00 51,000.00 20008301 HARCUM JR COL 5-01-2004 8,100.00 540,000.00 20008401 HAVERFORD COL 5-01-2004 5,618.75 310,000.00 20013301 MORRIS COLLEGE 5-01-2004 10,245.00 683,000.00 20016401 CALIFORNIA ST 5-01-2004 5,025.00 335,000.00 20016501 CALIFORNIA ST 5-01-2004 10,500.00 700,000.00 20018801 SUSQUEHANNA U 5-01-2004 900.00 60,000.00 20018802 SUSQUEHANNA U 5-01-2004 5,618.75 310,000.00 20019201 TEMPLE UNIV 5-01-2004 6,041.25 358,000.00 20020001 UNIV OF ALAB 5-01-2004 93,340.00 1,556,000.00 20021101 UNIV OF MISSO 5-01-2004 185,298.75 182,000.00 20021301 UNIV OF MONTE 5-01-2004 11,225.00 215,000.00 20023501 WSTERN MARYLAND 5-01-2004 15,750.00 1,050,000.00 TOTALS: 537,522.13 10,531,935.63 =============================
GMAC Commercial Mortgage College and University Loan Trust I Collection Account Activity Report For the Period of April 1, 2004 through April 30, 2004
Collections: Principal Payments 2,989,215.72 Interest Payments 310,146.76 ------------ Total Principal and Interest Collections 3,299,362.48 ============ Payments and Reversals Posted to Suspense -- ------------ Total Collections 3,299,362.48 ============ Less: Servicing Fees (not withheld from remittances) (5,952.48) ------------ Net Collections 3,293,410.00 ============
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Service Fees Schedule For the Period of April 1, 2004 through April 30, 2004
- ------------------------------------------------------------------------------------------------------------------------------------ Date Due GMACCM Number Borrower Name Principal Due Interest Due Total Due Principal Balance Service Fees - ------------------------------------------------------------------------------------------------------------------------------------ 4-01-2004 20000101 ALBION COLLEG 0.00 15300.00 15300.00 1020000.00 280.50 4-01-2004 20000601 ALMA COLLEGE 45000.00 5025.00 50025.00 335000.00 92.13 4-01-2004 20001104 ARIZONA ST. 0.00 910.00 910.00 0.00 -- 4-01-2004 20001301 AUGSBERG COLL 70000.00 16350.00 86350.00 1090000.00 299.75 4-01-2004 20001401 AZUSA UNIVERS 35000.00 9570.00 44570.00 638000.00 175.45 4-01-2004 20002101 BIRMINGHAM SO 0.00 1320.00 1320.00 88000.00 24.20 4-01-2004 20002102 BIRMINGHAM SO 0.00 4080.00 4080.00 272000.00 74.80 4-01-2004 20002201 BLACKS HILLS 0.00 510.00 510.00 34000.00 9.35 4-01-2004 20002202 BLACKS HILLS 0.00 690.00 690.00 46000.00 12.65 4-01-2004 20003001 CASE WESTERN 100000.00 23025.00 123025.00 1535000.00 422.13 4-01-2004 20003502 ST. LOUIS CHA 0.00 2715.00 2715.00 181000.00 49.78 4-01-2004 20004001 COLL.OF ST. T 30000.00 7125.00 37125.00 475000.00 130.63 4-01-2004 20004202 VIRGIN ISLAND 0.00 1455.00 1455.00 97000.00 26.68 4-01-2004 20004304 COLORADO ST. 155000.00 5709.38 160709.38 315000.00 86.63 4-01-2004 20004401 R.I. JR. COLL 10000.00 4740.00 14740.00 316000.00 86.90 4-01-2004 20005201 DANIEL WEBSTE 15000.00 4125.00 19125.00 275000.00 75.63 4-01-2004 20005401 DEAN ACADEMY 20000.00 4335.00 24335.00 289000.00 79.48 4-01-2004 20005801 DRAKE UNIV. 40000.00 12150.00 52150.00 810000.00 222.75 4-01-2004 20006401 KS.ST.TEACHER 40000.00 3750.00 43750.00 250000.00 68.75 4-01-2004 20007201 FOOTHILL JUNI 0.00 900.00 900.00 60000.00 16.50 4-01-2004 20007801 GORDON COLLEG 50000.00 9870.00 59870.00 564000.00 155.10 4-01-2004 20007901 GRAMBLING 0.00 937.50 937.50 0.00 -- 4-01-2004 20007902 GRAMBLING 0.00 5175.00 5175.00 345000.00 94.88 4-01-2004 20009302 JARVIS CHRIST 22000.00 6900.00 28900.00 460000.00 126.50 4-01-2004 20009502 SACRED HEART 20000.00 930.00 20930.00 62000.00 17.05 4-01-2004 20010802 LONG ISLAND U 0.00 3806.25 3806.25 203000.00 55.83 4-01-2004 20011401 MCKENDREE COL 50000.00 3150.00 53150.00 210000.00 57.75 4-01-2004 20012101 MIDDLEBURY CO 38000.00 15720.00 53720.00 1048000.00 288.20 4-01-2004 20012601 MISSOURI WEST 0.00 2460.00 2460.00 164000.00 45.10 4-01-2004 20012901 MONTEREY JR C 0.00 3675.00 3675.00 245000.00 67.38 4-01-2004 20013501 NEW ENGLAND C 0.00 5129.37 5129.37 282999.99 77.82 4-01-2004 20013502 NEW ENGLAND C 40000.00 12525.00 52525.00 835000.00 229.63 4-01-2004 20016101 RIVERSIDE HOS 30000.00 1665.00 31665.00 111000.00 30.53 4-01-2004 20016201 RIVIER COLLEG 40000.00 9116.88 49116.88 503000.00 138.33 4-01-2004 20016701 SCRIPPS COLLE 0.00 1095.00 1095.00 73000.00 20.08 4-01-2004 20017102 SOUTH DAKOTA 80000.00 17325.00 97325.00 1155000.00 317.63 4-01-2004 20017301 S.E. MISSOURI 180000.00 6475.00 186475.00 370000.00 101.75 4-01-2004 20018001 ST.EDWARDS 13000.00 2700.62 15700.62 149000.00 40.98 4-01-2004 20018302 ST. MICHAELS 25000.00 1575.00 26575.00 105000.00 28.88 4-01-2004 20019101 TAYLOR UNIV. 0.00 5850.00 5850.00 390000.00 107.25 4-01-2004 20019401 TEXAS COLLEGE 35000.00 2100.00 37100.00 140000.00 38.50 4-01-2004 20019701 TUFTS COLLEGE 0.00 1558.75 1558.75 86000.00 23.65 4-01-2004 20021001 UNIV HAWAII 0.00 6000.00 6000.00 400000.00 110.00 4-01-2004 20021701 UNIV. OF NOTR 80000.00 21450.00 101450.00 1430000.00 393.25 4-01-2004 20021901 UNIV. OF PORT 18000.00 3180.00 21180.00 212000.00 58.30 4-01-2004 20022301 UNIV. SOUTH D 0.00 11835.62 11835.62 653000.00 179.58 4-01-2004 20022601 UNIV.OF STEUB 20000.00 3476.25 23476.25 206000.00 56.65 4-01-2004 20022602 UNIV.OF STEUB 15000.00 3975.00 18975.00 265000.00 72.88 4-01-2004 20022701 UNIV OF VERMO 57000.00 34905.00 91905.00 2327000.00 639.93 4-01-2004 20023601 WSTRN WASH. S 0.00 1200.00 1200.00 80000.00 22.00 4-01-2004 20023901 XAVIER UNIV. 0.00 6675.00 6675.00 445000.00 122.38 TOTALS: 1,373,000.00 336,220.62 1,709,220.62 21,644,999.99 5,952.48 =====================================================================================
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Paid-in-Full Loans For the Period of April 1, 2004 through April 30, 2004
- ------------------------------------------------------------------------------------------------------------------------------------ Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount Other Fees Maturity Date - ------------------------------------------------------------------------------------------------------------------------------------ 20003502 4-05-04 183,715.00 181,000.00 2,715.00 -- 10-01-2011 20004304 4-05-04 320,709.38 315,000.00 5,709.38 -- 4-01-2005 20011401 4-02-04 213,150.00 210,000.00 3,150.00 -- 4-01-2007 20017102 4-02-04 1,092,325.00 1,075,000.00 17,325.00 -- 4-01-2016 20021901 4-20-04 215,180.00 212,000.00 3,180.00 -- 4-01-2013 TOTAL: 2,025,079.38 1,993,000.00 32,079.38 -- =============================================================================
GMAC Commercial Mortgage College and University Loan Trust I Summary of Partial Prepayments For the Period of April 1, 2004 through April 30, 2004
- -------------------------------------------------------------------------------------------------------- Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount - -------------------------------------------------------------------------------------------------------- None to Report -- --------------------------------------------------------------------- TOTAL: -- -- -- =====================================================================
GMAC Commercial Mortgage College and University Loan Trust I Trial Balance As of April 30, 2004
- ---------------------------------------------------------------------------------------------------------------------- GMACCM Number Borrower Name Interest Rate Current UPB Maturity Date - ---------------------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 1,020,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 177,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 335,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 150,000.00 3-01-2010 20001002 APPALACHIAN STATE UNIVERSITY 3.00 139,000.00 7-01-2004 20001201 ATLANTIC UNION COLLEGE 3.00 179,208.82 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 1,020,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 603,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 34,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 88,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 272,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 46,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 752,587.58 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 111,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,460,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 472,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,435,000.00 4-01-2016 20003901 COLLEGE OF CHARLESTON 3.00 770,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 445,000.00 4-01-2017 20004202 VIRGIN ISLANDS COLLEGE 3.00 97,000.00 10-01-2004 20004401 R.I. JR. COLLEGE 3.00 306,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 464,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 260,000.00 4-01-2019 20005401 DEAN ACADEMY & JR. COLLEGE 3.00 269,000.00 4-01-2016 20005801 DRAKE UNIVERSITY 3.00 770,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 210,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 95,726.83 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 135,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 17,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 60,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 345,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 540,000.00 11-01-2015 20008401 HAVERFORD COLL 3.63 310,000.00 11-01-2013 20009101 IOWA STATE UNIV OF SCI & TECH 3.00 500,000.00 7-01-2007 20009201 JACKSON STATE COLLEGE 3.00 150,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 438,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 42,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 650,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 145,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 483,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 203,000.00 10-01-2005 20012001 MICHIGAN STATE UNIVERSITY 3.00 594,430.35 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 1,010,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 50,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 272,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 164,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 222,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 245,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 89,600.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 683,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 282,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 835,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 405,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,524,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 81,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 463,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3.00 335,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 700,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 934,268.49 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 73,000.00 10-01-2005 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.50 190,000.00 4-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 104,334.33 5-01-2011 20018001 ST.EDWARDS UNIVERSITY 3.63 136,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 80,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 10,000.00 2-01-2007 20018701 SOUMI COLLEGE 3.00 2,876,983.12 2-08-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 60,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 310,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 98,991.79 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 390,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 358,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 105,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 473,000.00 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.38 3,145,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 108,000.00 6-01-2021 20019701 TUFTS COLLEGE 3.63 86,000.00 10-01-2004 20020001 UNIVERSITY OF ALABAMA 3.00 1,556,000.00 5-01-2021 20020803 UNIVERSITY OF FLORIDA 3.00 113,000.00 1-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 400,000.00 10-01-2006 20021101 UNIVERSITY OF MISSOURI 3.63 182,000.00 5-01-2004 20021301 UNIVERSITY OF MONTEVALLO 3.00 215,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 97,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,075,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,350,000.00 4-01-2018 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,590,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.38 186,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3.00 250,000.00 4-01-2017 20022701 UNIVERSITY OF VERMONT 3.00 2,270,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 308,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 402,765.17 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 1,050,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 80,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 445,000.00 10-01-2017
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Delinquency Report (60+Days) As of April 30, 2004
- --------------------------------------------------------------------------------------------- GMACCM Loan Number Borrower Name Next Payment Due P and I Due Current UPB - --------------------------------------------------------------------------------------------- 20018701 SUOMI COLL. 11-08-2003 21,577.37 2,876,983.12 20010801 LONG ISLAND U 6-01-2003 8,999.98 483,999.98 ----------------------------- TOTAL 30,577.35 3,360,983.10 =============================
GMAC Commercial Mortgage College and University Loan Trust I Liquidation Report As of April 30, 2004 None to report for this period GMAC Commercial Mortgage College and University Loan Trust I Collection Account Activity Report For the Period of March 1, 2004 through March 31, 2004
Collections: Principal Payments 495,000.00 Interest Payments 100,748.75 ---------- Total Principal and Interest Collections 595,748.75 ========== Payments and Reversals Posted to Suspense -- ---------- Total Collections 595,748.75 ========== Less: Servicing Fees (not withheld from remittances) (1,400.86) ---------- Net Collections 594,347.89 ==========
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Service Fees Schedule For the Period of March 1, 2004 through March 31, 2004
- ------------------------------------------------------------------------------------------------------------------------------------ Date Due GMACCM Number Borrower Name Principal Due Interest Due Total Due Principal Balance Service Fees - ------------------------------------------------------------------------------------------------------------------------------------ 3-01-2004 20000902 ANDERSON COLL 20000.00 2550.00 22550.00 170000.00 46.75 3-01-2004 20001501 BAPT COL CHAR 40000.00 7350.00 47350.00 490000.00 134.75 3-01-2004 20006102 ECKERD COLLEG 8000.00 300.00 8300.00 16000.00 4.40 3-01-2004 20013801 NORTH CAROLIN 0.00 6075.00 6075.00 405000.00 111.38 3-01-2004 20019502 TEXAS TECH UN 45000.00 9388.75 54388.75 518000.00 142.45 3-01-2004 20019503 TEXAS TECH UN 331000.00 5792.50 336792.50 331000.00 91.03 3-01-2004 20019504 TEXAS TECH UN 19000.00 53392.50 72392.50 3164000.00 870.10 TOTALS: 463,000.00 84,848.75 547,848.75 5,094,000.00 1,400.86 =====================================================================================
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Paid-in-Full Loans For the Period of March 1, 2004 through March 31, 2004
- ------------------------------------------------------------------------------------------------------------------------------------ Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount Other Fees Maturity Date - ------------------------------------------------------------------------------------------------------------------------------------ 20019503 3-01-04 336792.50 331000.00 5792.50 -- 3-01-2004 TOTAL: 336,792.50 331,000.00 5,792.50 -- ==============================================================================
GMAC Commercial Mortgage College and University Loan Trust I Summary of Partial Prepayments For the Period of March 1, 2004 through March 31, 2004
- -------------------------------------------------------------------------------------------------------- Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount - -------------------------------------------------------------------------------------------------------- None to Report -- --------------------------------------------------------------------- TOTAL: -- -- -- =====================================================================
GMAC Commercial Mortgage College and University Loan Trust I Trial Balance As of March 31, 2004
- ---------------------------------------------------------------------------------------------------------------------- GMACCM Number Borrower Name Interest Rate Current UPB Maturity Date - ---------------------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 1,020,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 177,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 335,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 150,000.00 3-01-2010 20001002 APPALACHIAN STATE UNIVERSITY 3.00 139,000.00 7-01-2004 20001201 ATLANTIC UNION COLLEGE 3.00 179,208.82 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 1,090,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 638,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 34,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 88,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 272,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 46,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 752,587.58 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 111,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,460,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 487,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,535,000.00 4-01-2016 20003502 CHAMINADE UNIVERSITY 3.00 181,000.00 10-01-2011 20003901 COLLEGE OF CHARLESTON 3.00 770,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 475,000.00 4-01-2017 20004202 VIRGIN ISLANDS COLLEGE 3.00 97,000.00 10-01-2004 20004304 COLORADO STATE UNIVERSITY 3.63 315,000.00 4-01-2005 20004401 R.I. JR. COLLEGE 3.00 316,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 464,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 275,000.00 4-01-2019 20005401 DEAN ACADEMY & JR. COLLEGE 3.00 289,000.00 4-01-2016 20005801 DRAKE UNIVERSITY 3.00 810,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 250,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 95,726.83 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 135,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 17,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 60,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 345,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 540,000.00 11-01-2015 20008401 HAVERFORD COLL. 3.63 310,000.00 11-01-2013 20009101 IOWA STATE UNIV OF SCI & TECH 3.00 500,000.00 7-01-2007 20009201 JACKSON STATE COLLEGE 3.00 150,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 460,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 62,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 650,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 145,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 483,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 203,000.00 10-01-2005 20011401 MCKENDREE COLLEGE 3.00 210,000.00 4-01-2007 20012001 MICHIGAN STATE UNIVERSITY 3.00 608,823.83 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 1,048,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 50,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 272,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 164,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 222,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 245,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 89,600.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 683,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 282,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 835,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 405,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,524,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 111,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 503,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3.00 335,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 700,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 955,219.93 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 73,000.00 10-01-2005 20017102 SOUTH DAKOTA STATE UNIVERS 3.00 1,155,000.00 4-01-2016 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.50 370,000.00 4-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 110,987.41 5-01-2011 20018001 ST.EDWARDS UNIVERSITY 3.63 149,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 105,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 10,000.00 2-01-2007 20018701 SOUMI COLLEGE 3.00 2,876,983.12 2-08-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 60,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 310,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 103,209.51 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 390,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 358,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 140,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 473,000.00 3-01-2013 20019504 TEXAS TECH. UNIVERSITY 3.38 3,145,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 108,000.00 6-01-2021 20019701 TUFTS COLLEGE 3.63 86,000.00 10-01-2004 20020001 UNIVERSITY OF ALABAMA 3.00 1,556,000.00 5-01-2021 20020803 UNIVERSITY OF FLORIDA 3.00 113,000.00 1-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 400,000.00 10-01-2006 20021101 UNIVERSITY OF MISSOURI 3.63 182,000.00 5-01-2004 20021301 UNIVERSITY OF MONTEVALLO 3.00 215,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 97,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,075,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,350,000.00 4-01-2018 20021901 UNIVERSITY OF PORTLAND 3.00 212,000.00 4-01-2013 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,590,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.38 206,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3.00 265,000.00 4-01-2017 20022701 UNIVERSITY OF VERMONT 3.00 2,327,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 308,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 402,765.17 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 1,050,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 80,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 445,000.00 10-01-2017
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Delinquency Report (60+Days) As of March 31, 2004
- --------------------------------------------------------------------------------------------- GMACCM Loan Number Borrower Name Next Payment Due P and I Due Current UPB - --------------------------------------------------------------------------------------------- 20018701 SUOMI COLL. 11-08-2003 21,577.37 2,876,983.12 20010801 LONG ISLAND U 6-01-2003 8,999.98 483,999.98 ------------------------------ TOTAL 30,577.35 3,360,983.10 ==============================
GMAC Commercial Mortgage College and University Loan Trust I Liquidation Report As of March 31, 2004 None to report for this period GMAC Commercial Mortgage College and University Loan Trust I Collection Account Activity Report For the Period of February 1, 2004 through February 29, 2004
Collections: Principal Payments 21,000.00 Interest Payments 28,612.35 --------- Total Principal and Interest Collections 49,612.35 ========= Payments and Reversals Posted to Suspense -- --------- Total Collections 49,612.35 ========= Less: Servicing Fees (not withheld from remittances) (959.73) ---------- Net Collections 48,652.62 ==========
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Service Fees Schedule For the Period of February 1, 2004 through February 29, 2004
- ------------------------------------------------------------------------------------------------------------------------------------ Date Due GMACCM Number Borrower Name Principal Due Interest Due Total Due Principal Balance Service Fees - ------------------------------------------------------------------------------------------------------------------------------------ 2-01-2004 20002501 BRYAN COLLEGE 8000.00 1785.00 9785.00 119000.00 32.73 2-01-2004 20006901 FLORIDA TECH 9000.00 390.00 9390.00 26000.00 7.15 2-01-2004 20010301 LAREDO MUN. J 0.00 2175.00 2175.00 145000.00 39.88 2-01-2004 20018601 STILLMAN COLL 4000.00 210.00 4210.00 14000.00 3.85 2-08-2004 20018701 SUOMI COLLEGE 0.00 21577.37 21577.37 2876983.12 791.17 2-01-2004 20023101 VANDERBLT/GEO 0.00 4633.43 4633.43 308895.00 84.95 TOTALS: 21,000.00 30,770.80 51,770.80 3,489,878.12 959.73 ==================================================================================
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Paid-in-Full Loans For the Period of February 1, 2004 through February 29, 2004
- ------------------------------------------------------------------------------------------------------------------------------------ Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount Other Fees Maturity Date - ------------------------------------------------------------------------------------------------------------------------------------ None to Report TOTAL: -- -- -- -- =================================================================================================
GMAC Commercial Mortgage College and University Loan Trust I Summary of Partial Prepayments For the Period of February 1, 2004 through February 29, 2004
- -------------------------------------------------------------------------------------------------------- Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount - -------------------------------------------------------------------------------------------------------- None to Report -- --------------------------------------------------------------------- TOTAL: -- -- -- =====================================================================
GMAC Commercial Mortgage College and University Loan Trust I Trial Balance As of February 29, 2004
- ---------------------------------------------------------------------------------------------------------------------- GMACCM Number Borrower Name Interest Rate Current UPB Maturity Date - ---------------------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 1,020,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 177,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 335,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 170,000.00 3-01-2010 20001002 APPALACHIAN STATE UNIVERSITY 3.00 139,000.00 7-01-2004 20001201 ATLANTIC UNION COLLEGE 3.00 179,208.82 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 1,090,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 638,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 34,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 88,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 272,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 46,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 752,587.58 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 111,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,460,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 487,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,535,000.00 4-01-2016 20003502 CHAMINADE UNIVERSITY 3.00 181,000.00 10-01-2011 20003901 COLLEGE OF CHARLESTON 3.00 770,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 475,000.00 4-01-2017 20004202 VIRGIN ISLANDS COLLEGE 3.00 97,000.00 10-01-2004 20004304 COLORADO STATE UNIVERSITY 3.63 315,000.00 4-01-2005 20004401 R.I. JR. COLLEGE 3.00 316,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 464,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 275,000.00 4-01-2019 20005401 DEAN ACADEMY & JR. COLLEGE 3.00 289,000.00 4-01-2016 20005801 DRAKE UNIVERSITY 3.00 810,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 250,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 95,726.83 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 135,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 17,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 60,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 345,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 540,000.00 11-01-2015 20008401 HAVERFORD COLL. 3.63 310,000.00 11-01-2013 20009101 IOWA STATE UNIV OF SCI & TECH 3.00 500,000.00 7-01-2007 20009201 JACKSON STATE COLLEGE 3.00 150,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 460,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 62,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 650,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 145,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 483,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 203,000.00 10-01-2005 20011401 MCKENDREE COLLEGE 3.00 210,000.00 4-01-2007 20012001 MICHIGAN STATE UNIVERSITY 3.00 608,823.83 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 1,048,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 50,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 272,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 164,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 222,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 245,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 89,600.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 683,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 282,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 835,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 405,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,524,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 111,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 503,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3.00 335,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 700,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 955,219.93 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 73,000.00 10-01-2005 20017102 SOUTH DAKOTA STATE UNIVERSITY 3.00 1,155,000.00 4-01-2016 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.50 370,000.00 4-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 110,987.41 5-01-2011 20018001 ST.EDWARDS UNIVERSITY 3.63 149,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 105,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 10,000.00 2-01-2007 20018701 SOUMI COLLEGE 3.00 2,876,983.12 2-08-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 60,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 310,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 103,209.51 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 390,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 358,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 140,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 518,000.00 3-01-2013 20019503 TEXAS TECH. UNIVERSITY 3.50 331,000.00 3-01-2004 20019504 TEXAS TECH. UNIVERSITY 3.38 3,164,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 108,000.00 6-01-2021 20019701 TUFTS COLLEGE 3.63 86,000.00 10-01-2004 20020001 UNIVERSITY OF ALABAMA 3.00 1,556,000.00 5-01-2021 20020803 UNIVERSITY OF FLORIDA 3.00 113,000.00 1-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 400,000.00 10-01-2006 20021101 UNIVERSITY OF MISSOURI 3.63 182,000.00 5-01-2004 20021301 UNIVERSITY OF MONTEVALLO 3.00 215,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 97,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,075,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,430,000.00 4-01-2018 20021901 UNIVERSITY OF PORTLAND 3.00 212,000.00 4-01-2013 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,590,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.38 206,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3.00 265,000.00 4-01-2017 20022701 UNIVERSITY OF VERMONT 3.00 2,327,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 308,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 402,765.17 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 1,050,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 80,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 445,000.00 10-01-2017
GMAC Commercial Mortgage College and Trust Facility Loan Trust I Delinquency Report (60+Days) As of February 29, 2004
- ---------------------------------------------------------------------------------------------- GMACCM Loan Number Borrower Name Next Payment Due P and I Due Current UPB - ---------------------------------------------------------------------------------------------- 20018701 SUOMI COLL. 8-08-2003 21,577.37 2,876,983.12 20010801 LONG ISLAND U 6-01-2003 8,999.98 483,999.98 ------------------------------ TOTAL 30,577.35 3,360,983.10 ==============================
GMAC Commercial Mortgage College and University Loan Trust I Liquidation Report As of February 29, 2004 None to report for this period GMAC Commercial Mortgage College and University Loan Trust I Collection Account Activity Report For the Period of January 1, 2004 through January 31, 2004
Collections: Principal Payments 313,618.83 Interest Payments 88,510.46 ------------- Total Principal and Interest Collections 402,129.29 ============= Payments and Reversals Posted to Suspense (26,126.92) ------------- Total Collections 376,002.37 ============= Less: Servicing Fees (not withheld from remittances) (1,413.52) ------------- Net Collections 374,588.85 =============
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Service Fees Schedule For the Period of January 1, 2004 through January 31, 2004
- ------------------------------------------------------------------------------------------------------------------------------------ Date Due GMACCM Number Borrower Name Principal Due Interest Due Total Due Principal Balance Service Fees - ------------------------------------------------------------------------------------------------------------------------------------ 1-01-2004 20001002 APPALACHIAN S 0.00 2085.00 2085.00 139000.00 38.23 1-01-2004 20003901 COLL. OF CHAR 0.00 11550.00 11550.00 770000.00 211.75 1-01-2004 20006101 ECKERD COLLEG 0.00 1365.00 1365.00 0.00 -- 1-01-2004 20006801 FLORIDA ATLAN 0.00 2025.00 2025.00 135000.00 37.13 1-01-2004 20009101 IOWA STATE UN 0.00 7500.00 7500.00 500000.00 137.50 1-01-2004 20009201 JACKSON ST. 50000.00 3000.00 53000.00 200000.00 55.00 1-01-2004 20012401 MISSISSIPPI V 0.00 750.00 750.00 50000.00 13.75 1-01-2004 20012801 MONTCLAIR COL 0.00 3330.00 3330.00 222000.00 61.05 1-01-2004 20020803 UNIV. OF FLOR 180000.00 4395.00 184395.00 293000.00 80.58 1-01-2004 20021401 U OF NEBRASKA 4000.00 1515.00 5515.00 101000.00 27.78 1-01-2004 20021603 NORTH CAROLIN 65000.00 17100.00 82100.00 1140000.00 313.50 1-01-2004 20022401 SOUTH FLORIDA 0.00 23850.00 23850.00 1590000.00 437.25 TOTALS: 299,000.00 78,465.00 377,465.00 5,140,000.00 1,413.52 ====================================================================================
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Paid-in-Full Loans For the Period of January 1, 2004 through January 31, 2004
- ------------------------------------------------------------------------------------------------------------------------------------ Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount Other Fees Maturity Date - ------------------------------------------------------------------------------------------------------------------------------------ None to Report -- --------------------------------------------------------------------- TOTAL: -- -- -- =====================================================================
GMAC Commercial Mortgage College and University Loan Trust I Summary of Partial Prepayments For the Period of January 1, 2004 through January 31, 2004
- -------------------------------------------------------------------------------------------------------- Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount - -------------------------------------------------------------------------------------------------------- None to Report -- --------------------------------------------------------------------- TOTAL: -- -- -- =====================================================================
GMAC Commercial Mortgage College and University Loan Trust I Trial Balance As of January 31, 2004
- ---------------------------------------------------------------------------------------------------------------------- GMACCM Number Borrower Name Interest Rate Current UPB Maturity Date - ---------------------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 1,020,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 177,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 335,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 170,000.00 3-01-2010 20001002 APPALACHIAN STATE UNIVERSITY 3.00 139,000.00 7-01-2004 20001201 ATLANTIC UNION COLLEGE 3.00 179,208.82 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 1,090,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 638,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 34,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 88,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 272,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 46,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 752,587.58 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 119,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,460,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 487,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,535,000.00 4-01-2016 20003502 CHAMINADE UNIVERSITY 3.00 181,000.00 10-01-2011 20003901 COLLEGE OF CHARLESTON 3.00 770,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 475,000.00 4-01-2017 20004202 VIRGIN ISLANDS COLLEGE 3.00 97,000.00 10-01-2004 20004304 COLORADO STATE UNIVERSITY 3.63 315,000.00 4-01-2005 20004401 R.I. JR. COLLEGE 3.00 316,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 464,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 275,000.00 4-01-2019 20005401 DEAN ACADEMY & JR. COLLEGE 3.00 289,000.00 4-01-2016 20005801 DRAKE UNIVERSITY 3.00 810,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 250,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 95,726.83 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 135,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 26,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 60,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 345,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 540,000.00 11-01-2015 20008401 HAVERFORD COLL 3.63 310,000.00 11-01-2013 20009101 IOWA STATE UNIV OF SCI & TECH 3.00 500,000.00 7-01-2007 20009201 JACKSON STATE COLLEGE 3.00 150,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 460,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 62,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 650,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 145,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 483,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 203,000.00 10-01-2005 20011401 MCKENDREE COLLEGE 3.00 210,000.00 4-01-2007 20012001 MICHIGAN STATE UNIVERSITY 3.00 608,823.83 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 1,048,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 50,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 272,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 164,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 222,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 245,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 89,600.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 683,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 282,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 835,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 405,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,524,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 111,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 503,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3.00 335,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 700,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 955,219.93 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 73,000.00 10-01-2005 20017102 SOUTH DAKOTA STATE UNIVERS 3.00 1,155,000.00 4-01-2016 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.50 370,000.00 4-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 110,987.41 5-01-2011 20018001 ST.EDWARDS UNIVERSITY 3.63 149,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 105,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 14,000.00 2-01-2007 20018701 SOUMI COLLEGE 3.00 2,876,983.12 2-08-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 60,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 310,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 103,209.51 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 390,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 358,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 140,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 518,000.00 3-01-2013 20019503 TEXAS TECH. UNIVERSITY 3.50 331,000.00 3-01-2004 20019504 TEXAS TECH. UNIVERSITY 3.38 3,164,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 108,000.00 6-01-2021 20019701 TUFTS COLLEGE 3.63 86,000.00 10-01-2004 20020001 UNIVERSITY OF ALABAMA 3.00 1,556,000.00 5-01-2021 20020803 UNIVERSITY OF FLORIDA 3.00 113,000.00 1-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 400,000.00 10-01-2006 20021101 UNIVERSITY OF MISSOURI 3.63 182,000.00 5-01-2004 20021301 UNIVERSITY OF MONTEVALLO 3.00 215,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 97,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,075,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,430,000.00 4-01-2018 20021901 UNIVERSITY OF PORTLAND 3.00 212,000.00 4-01-2013 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,590,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.38 206,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3.00 265,000.00 4-01-2017 20022701 UNIVERSITY OF VERMONT 3.00 2,327,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 308,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 402,765.17 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 1,050,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 80,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 445,000.00 10-01-2017
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Delinquency Report (60+Days) As of January 31, 2004
- --------------------------------------------------------------------------------------------------- GMACCM Loan Number Borrower Name Next Payment Due P and I Due Current UPB - --------------------------------------------------------------------------------------------------- 20018701 SUOMI COLL. 8-08-2003 21,577.37 2,876,983.12 20010801 LONG ISLAND U 6-01-2003 8,999.98 483,999.98 ------------------------------------ TOTAL 30,577.35 3,360,983.10 ====================================
GMAC Commercial Mortgage College and University Loan Trust I Liquidation Report As of January 31, 2004 None to report for this period GMAC Commercial Mortgage College and University Loan Trust I Collection Account Activity Report For the Period of December 1, 2003 through December 31, 2003
Collections: Principal Payments 1,125,159.34 Interest Payments 102,887.55 ------------ Total Principal and Interest Collections 1,228,046.89 ============ Payments and Reversals Posted to Suspense (16,980.58) ------------ Total Collections 1,211,066.31 ============ Less: Servicing Fees (not withheld from remittances) (1,274.81) ------------ Net Collections 1,209,791.50 ============
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Service Fees Schedule For the Period of December 1, 2003 through December 31, 2003
- ------------------------------------------------------------------------------------------------------------------------------------ Date Due GMACCM Number Borrower Name Principal Due Interest Due Total Due Principal Balance Service Fees - ------------------------------------------------------------------------------------------------------------------------------------ 12-30-2003 20002401 BOSTON UNIVER 14618.82 11887.81 26506.63 792520.65 217.94 12-01-2003 20008502 HIGH POINT CO 15000.00 1425.00 16425.00 95000.00 26.13 12-01-2003 20009702 KENT STATE 130000.00 11700.00 141700.00 780000.00 214.50 12-01-2003 20010801 LONG ISLAND U 0.00 7125.00 7125.00 483999.98 133.10 12-01-2003 20012501 MISSOURI SOUT 50000.00 4845.00 54845.00 322999.99 88.82 12-01-2003 20013001 MONTREAT-ANDE 2400.00 1380.00 3780.00 92000.00 25.30 12-01-2003 20014401 DOMNION UNIV. 0.00 22875.00 22875.00 1524999.99 419.37 12-01-2003 20019601 TOUGALOO COLL 0.00 1620.00 1620.00 108000.00 29.70 12-30-2003 20023102 VANDERBLT/GEO 33408.56 6542.61 39951.17 436173.73 119.95 TOTALS: 245,427.38 69,400.42 314,827.80 4,635,694.34 1,274.81 =================================================================================
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Paid-in-Full Loans For the Period of December 1, 2003 through December 31, 2003
- ------------------------------------------------------------------------------------------------------------------------------------ Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount Other Fees Maturity Date - ------------------------------------------------------------------------------------------------------------------------------------ 20010002 12-01-03 76688.51 76497.27 191.24 5-01-2007 20018403 12-15-03 816000.00 816000.00 0.00 5-01-2024 TOTAL: 892,688.51 892,497.27 191.24 -- ============================================================================
GMAC Commercial Mortgage College and University Loan Trust I Summary of Partial Prepayments For the Period of December 1, 2003 through December 31, 2003
- -------------------------------------------------------------------------------------------------------- Loan Number Payoff Date Total Amount Paid Principal Amount Interest Amount - -------------------------------------------------------------------------------------------------------- None to Report -- --------------------------------------------------------------------- TOTAL: -- -- -- =====================================================================
GMAC Commercial Mortgage College and University Loan Trust I Trial Balance As of December 31, 2003
- ---------------------------------------------------------------------------------------------------------------------- GMACCM Number Borrower Name Interest Rate Current UPB Maturity Date - ---------------------------------------------------------------------------------------------------------------------- 20000101 ALBION COLLEGE 3.00 1,020,000.00 10-01-2015 20000401 UNIVERSITY OF ALFRED 3.00 177,000.00 11-01-2007 20000601 ALMA COLLEGE 3.00 335,000.00 4-01-2010 20000902 ANDERSON COLLEGE 3.00 170,000.00 3-01-2010 20001002 APPALACHIAN STATE UNIVERSITY 3.00 139,000.00 7-01-2004 20001201 ATLANTIC UNION COLLEGE 3.00 179,208.82 5-01-2023 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 3.00 1,090,000.00 4-01-2016 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 3.00 638,000.00 4-01-2017 20001901 BENEDICT COLLEGE SERIES 1974 3.00 34,000.00 11-01-2006 20002101 BIRMINGHAM SOUTHERN COLLEGE 3.00 88,000.00 10-01-2006 20002102 BIRMINGHAM SOUTHERN COLLEGE 3.00 272,000.00 10-01-2010 20002201 BLACK HILLS STATE COLLEGE 3.00 34,000.00 10-01-2005 20002202 BLACK HILLS STATE COLLEGE 3.00 46,000.00 10-01-2007 20002401 BOSTON UNIVERITY 3.00 767,206.41 12-31-2022 20002501 WILLIAM JENNINGS BRYAN COLLEGE 3.00 119,000.00 2-01-2010 20002701 CALIFORNIA STATE UNIVERSITY 3.00 1,460,000.00 11-01-2012 20002801 CARNEGIE MELLON UNIVERSITY 3.00 487,000.00 11-01-2017 20003001 CASE WESTERN RESERVE UNIVERSIT 3.00 1,535,000.00 4-01-2016 20003502 CHAMINADE UNIVERSITY 3.00 181,000.00 10-01-2011 20003901 COLLEGE OF CHARLESTON 3.00 770,000.00 7-01-2016 20004001 COLLEGE OF ST. THOMAS 3.00 475,000.00 4-01-2017 20004202 VIRGIN ISLANDS COLLEGE 3.00 97,000.00 10-01-2004 20004304 COLORADO STATE UNIVERSITY 3.63 315,000.00 4-01-2005 20004401 R.I. JR. COLLEGE 3.00 316,000.00 4-01-2018 20004501 CONCORDIA TEACHERS COLLEGE 3.00 464,999.99 5-01-2011 20005201 DANIEL WEBSTER COLLEGE 3.00 275,000.00 4-01-2019 20005401 DEAN ACADEMY & JR. COLLEGE 3.00 289,000.00 4-01-2016 20005801 DRAKE UNIVERSITY 3.00 810,000.00 10-01-2012 20006401 EMPORIA STATE UNIVERSITY 3.00 250,000.00 4-01-2009 20006502 FAIRLEIGH DICKINSON UNIVERSITY 3.00 95,726.83 11-01-2020 20006801 FLORIDA ATLANTIC UNIVERSITY 3.00 135,000.00 7-01-2006 20006901 FLORIDA INST OF TECH, INC 3.00 26,000.00 2-01-2006 20007201 FOOTHILL COLLEGE 3.00 60,000.00 10-01-2006 20007902 GRAMBLING COLLEGE 3.00 345,000.00 10-01-2005 20008201 HAMPSHIRE COLLEGE 3.00 51,000.00 11-01-2006 20008301 HARCUM COLLEGE 3.00 540,000.00 11-01-2015 20008401 HAVERFORD COLL. 3.63 310,000.00 11-01-2013 20009101 IOWA STATE UNIV OF SCI & TECH 3.00 500,000.00 7-01-2007 20009201 JACKSON STATE COLLEGE 3.00 200,000.00 1-01-2007 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 3.00 460,000.00 4-01-2019 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 3.00 62,000.00 4-01-2006 20009702 KENT STATE UNIVERSITY 3.00 650,000.00 12-01-2008 20010301 LAREDO MUNICIPAL JR. COLLEGE 3.00 145,000.00 8-01-2009 20010801 LONG ISLAND UNIVERSITY 3.00 483,999.98 6-01-2016 20010802 LONG ISLAND UNIVERSITY 3.75 203,000.00 10-01-2005 20011401 MCKENDREE COLLEGE 3.00 210,000.00 4-01-2007 20012001 MICHIGAN STATE UNIVERSITY 3.00 608,823.83 5-01-2020 20012101 MIDDLEBURY COLLEGE 3.00 1,048,000.00 4-01-2018 20012401 MISSISSIPPI VALLEY ST. COLLEGE 3.00 50,000.00 7-01-2008 20012501 MISSOURI SOUTHERN STATE COLLEG 3.00 272,999.99 12-01-2008 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) 3.00 164,000.00 10-01-2008 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B 3.00 222,000.00 7-01-2008 20012901 MONTEREY PENINSULA JR. COLLEGE 3.00 245,000.00 10-01-2018 20013001 MONTREAT-ANDERSON COLLEGE 3.00 89,600.00 12-01-2019 20013301 MORRIS COLLEGE - BONDS 1983 3.00 683,000.00 11-01-2013 20013501 NEW ENGLAND COLLEGE 3.63 282,999.99 10-01-2013 20013502 NEW ENGLAND COLLEGE 3.00 835,000.00 4-01-2019 20013801 NORTH CAROLINA STATE UNIVERSITY 3.00 405,000.00 9-01-2006 20014401 OLD DOMINION UNIVERSITY 3.00 1,524,999.99 6-01-2013 20016101 RIVERSIDE HOSPITAL 3.00 111,000.00 4-01-2007 20016201 RIVIER COLLEGE 3.63 503,000.00 4-01-2014 20016401 CALIFORNIA STATE UNIVERSITY 3.00 335,000.00 11-01-2021 20016501 CALIFORNIA STATE UNIVERSITY 3.00 700,000.00 11-01-2021 20016601 SARAH LAWRENCE COLLEGE 3.00 955,219.93 11-01-2021 20016701 SCRIPPS COLLEGE 3.00 73,000.00 10-01-2005 20017102 SOUTH DAKOTA STATE UNIVERSITY 3.00 1,155,000.00 4-01-2016 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 3.50 370,000.00 4-01-2005 20017801 SPRINGFIELD COLLEGE 3.00 110,987.41 5-01-2011 20018001 ST.EDWARDS UNIVERSITY 3.63 149,000.00 4-01-2013 20018302 ST. MICHAELS COLLEGE 3.00 105,000.00 4-01-2008 20018601 STILLMAN COLLEGE 3.00 14,000.00 2-01-2007 20018701 SOUMI COLLEGE 3.00 2,876,983.12 2-08-2014 20018801 SUSQUEHANNA UNIVERSITY 3.00 60,000.00 11-01-2006 20018802 SUSQUEHANNA UNIVERSITY 3.63 310,000.00 11-01-2014 20018901 SWARTHMORE COLLEGE 3.00 103,209.51 11-01-2013 20019101 TAYLOR UNIVERISTY 3.00 390,000.00 10-01-2010 20019201 TEMPLE UNIVERSITY 3.38 358,000.00 11-01-2014 20019401 TEXAS STATE COLLEGE 3.00 140,000.00 4-01-2007 20019502 TEXAS TECH. UNIVERSITY 3.63 518,000.00 3-01-2013 20019503 TEXAS TECH. UNIVERSITY 3.50 331,000.00 3-01-2004 20019504 TEXAS TECH. UNIVERSITY 3.38 3,164,000.00 3-01-2012 20019601 TOUGALOO COLLEGE/ DORM BONDS 1981 3.00 108,000.00 6-01-2021 20019701 TUFTS COLLEGE 3.63 86,000.00 10-01-2004 20020001 UNIVERSITY OF ALABAMA 3.00 1,556,000.00 5-01-2021 20020803 UNIVERSITY OF FLORIDA 3.00 293,000.00 1-01-2005 20021001 UNIVERSITY OF HAWAII AT MANOA 3.00 400,000.00 10-01-2006 20021101 UNIVERSITY OF MISSOURI 3.63 182,000.00 5-01-2004 20021301 UNIVERSITY OF MONTEVALLO 3.00 215,000.00 5-01-2023 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 3.00 101,000.00 1-01-2013 20021603 UNIVERSITY OF NORTH CAROLINA 3.00 1,140,000.00 1-01-2018 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 3.00 1,430,000.00 4-01-2018 20021901 UNIVERSITY OF PORTLAND 3.00 212,000.00 4-01-2013 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 3.00 1,590,000.00 7-01-2013 20022601 UNIVERSITY OF STEUBENVILLE 3.38 206,000.00 4-01-2012 20022602 UNIVERSITY OF STEUBENVILLE 3.00 265,000.00 4-01-2017 20022701 UNIVERSITY OF VERMONT 3.00 2,327,000.00 10-01-2019 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS 3.00 308,895.00 8-01-2005 20023102 VANDERBILT UNIV - 1979 MAYFIELD 3.00 402,765.17 6-30-2009 20023501 WESTERN MARYLAND COLLEGE 3.00 1,050,000.00 11-01-2016 20023601 WESTERN WASHINGTON STATE COLLEGE 3.00 80,000.00 10-01-2007 20023901 XAVIER UNIVERSITY OF LOUISIANA 3.00 445,000.00 10-01-2017
GMAC Commercial Mortgage College & Trust Facility Loan Trust I Delinquency Report (60+Days) As of December 31, 2003
- ------------------------------------------------------------------------------------------------- GMACCM Loan Number Borrower Name Next Payment Due P and I Due Current UPB - ------------------------------------------------------------------------------------------------- 20018701 SUOMI COLL. 5-08-2003 43,154.74 2,876,983.12 20010801 LONG ISLAND U 6-01-2003 8,999.98 483,999.98 -------------------------------- TOTAL 52,154.72 3,360,983.10 ================================
GMAC Commercial Mortgage College and University Loan Trust I Liquidation Report As of December 31, 2003 None to report for this period GMAC Commercial Mortgage College and University Loan Trust I Remittance Report for December 2003
================================================================================================================================== Date GMACCM Received Date Due Number Borrower Name Principal Due Interest Due Total Due Principal Balance ================================================================================================================================== 12-01-03 12-01-2003 20009702 KENT STATE UNIVERSITY 130000.00 11700.00 141700.00 780000.00 12-01-03 -- 20010002 KNOX COLLEGE - - - - 12-01-03 12-01-2003 20012501 MISSOURI SOUTHERN STATE COLLEG 50000.00 4845.00 54845.00 322999.99 12-01-03 -- 20012501 MISSOURI SOUTHERN STATE COLLEG - - - - 12-01-03 12-01-2003 20014401 OLD DOMINION UNIVERSITY 0.00 22875.00 22875.00 1524999.99 System Credits ================================================================================================================================== 12-02-03 12-01-2003 20010801 LONG ISLAND UNIVERSITY 0.00 7125.00 7125.00 483999.98 System Credits ================================================================================================================================== Bank Credit from 12/01 System Credits. - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 12/01 System Credits LESS 258172.06 with held remainder of funds to repay payment reversal from 11/05. - ---------------------------------------------------------------------------------------------------------------------------------- System Debits funds to repay Corp: 23525.84, 96425.00, 3780.00 & 258172.06. - ---------------------------------------------------------------------------------------------------------------------------------- 12-03-03 Bank Credit from 12/02 System Credits. - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 12/02 System Credits. ================================================================================================================================== 12-05-03 12-01-2003 20019601 TOUGALOO COLLEGE/ DORM BONDS 0.00 1620.00 1620.00 108000.00 System Credits ================================================================================================================================== 12-08-03 -- 20012501 MISSOURI SOUTHERN STATE COLLEGE - - - - System Debits ================================================================================================================================== Bank Credit from 12/05 System Credits. - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 12/05 System Credits. - ---------------------------------------------------------------------------------------------------------------------------------- 12-09-03 System Debits for payment reversal 12/08. ================================================================================================================================== 12-10-03 -- 20013501 NEW ENGLAND COLLEGE - - - - 12-10-03 -- 20013502 NEW ENGLAND COLLEGE - - - - System Debits ================================================================================================================================== 12-11-03 System Debits for payment reversal 12/10. ================================================================================================================================== 12-15-03 -- 20018403 LELAND STANFORD JR. UNIVERSITY - - - - 12-15-03 -- 20018403 LELAND STANFORD JR. UNIVERSITY - - - - System Credits ================================================================================================================================== 12-16-03 11-01-2003 20001201 ATLANTIC UNION COLLEGE - - - - System Credits ================================================================================================================================== Bank Credit from 12/15 System Credits. - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 12/15 System Credits LESS 3.23 12/9 Payment Reversal & 43107.50 12/11 Payment Reversal. - ---------------------------------------------------------------------------------------------------------------------------------- 12-17-03 11-01-2003 20008201 HAMPSHIRE COLLEGE - - - - System Credits ================================================================================================================================== Bank Credit from 12/16 System Credits. - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 12/16 System Credits. - ---------------------------------------------------------------------------------------------------------------------------------- 12-18-03 Bank Credit from 12/17 System Credits. - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 12/17 System Credits. ================================================================================================================================== 12-22-03 -- 20018701 SOUMI COLLEGE - - - - ================================================================================================================================== 12-23-03 Bank Credit for Escrow Disbursement for loan 20018701. - ---------------------------------------------------------------------------------------------------------------------------------- System Debit for Escrow Disbursement for loan 20018701. ================================================================================================================================== 12-29-03 12-30-2003 20023102 VANDERBILT UNIV - 1979 MAYFIELD 33408.56 6542.61 39951.17 436173.73 System Credits ================================================================================================================================== 12-30-03 Bank Credit from 12/29 System Credits. Wire to Trustee for 12/29 System Credits LESS 6322.09 10/03 Service Fees & 4252.61 11/03 Service Fees. ================================================================================================================================== 12-31-03 -- 20002401 BOSTON UNIVERITY 14618.82 11887.81 26506.63 792520.65 12-31-03 1-01-2004 20022401 UNIVERSITY OF SOUTH FLOR./REV CERTS.,83 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- System Debit for Service Fees 6322.09 & 4252.61. ================================================================================================================================== TOTALS: 228,027.38 66,595.42 294,622.80 4,448,694.34 ========================================================= Loans Due in Current Period and Paid in Prior Period: 24-Nov 12012003 20013001 MONTREAT-ANDE 2400.00 1380.00 3780.00 92000.00 TOTALS: 2,400.00 1,380.00 3,780.00 92,000.00 ========================================================= Loans Due in Current Period Not Yet Paid: TOTALS: - - - - ========================================================= GRAND TOTAL: 230,427.38 67,975.42 298,402.80 4,540,694.34 ========================================================= ==================================================================================================================================== Date Net System Total Bank First Chicago ACH Debits and Received Principal Paid Interest Paid Suspense Total Paid Credits Credits Wires Other Wires ==================================================================================================================================== 12-01-03 130000.00 11700.00 0.00 141700.00 12-01-03 76497.27 191.24 0.00 76688.51 12-01-03 50000.00 4841.77 0.00 54841.77 12-01-03 0.00 0.00 3.23 3.23 12-01-03 0.00 22875.00 0.00 22875.00 System Credits 296,108.51 ==================================================================================================================================== 12-02-03 0.00 7125.00 0.00 7125.00 System Credits 7,125.00 ==================================================================================================================================== Bank Credit from 12/01 System Credits. 296,108.51 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 12/01 System Credits LESS 258172.06 with held remainder of funds to repay payment reversal from 11/05. 37,936.45 - ------------------------------------------------------------------------------------------------------------------------------------ System Debits funds to repay Corp: 23525.84, 96425.00, 3780.00 & 258172.06. 381,902.90 ==================================================================================================================================== 12-03-03 7,125.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 12/02 System Credits. 7,125.00 ==================================================================================================================================== 12-05-03 0.00 1620.00 0.00 1620.00 System Credits 1,620.00 ==================================================================================================================================== 12-08-03 0.00 0.00 -3.23 -3.23 System Debits (3.23) - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 12/05 System Credits. 1,620.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 12/05 System Credits. 1,620.00 ==================================================================================================================================== 12-09-03 3.23 ==================================================================================================================================== 12-10-03 0.00 0.00 -30582.50 -30582.50 12-10-03 0.00 0.00 -12525.00 -12525.00 System Debits (43,107.50) ==================================================================================================================================== 12-11-03 43,107.50 ==================================================================================================================================== 12-15-03 816000.00 0.00 0.00 816000.00 12-15-03 0.00 20400.00 0.00 20400.00 System Credits 836,400.00 ==================================================================================================================================== 12-16-03 3253.51 2736.93 0.00 5990.44 System Credits 5,990.44 ==================================================================================================================================== Bank Credit from 12/15 System Credits. 836,400.00 Wire to Trustee for 12/15 System Credits LESS 3.23 12/9 Payment - ------------------------------------------------------------------------------------------------------------------------------------ Reversal & 43107.50 12/11 Payment Reversal. 793,289.27 ==================================================================================================================================== 12-17-03 16000.00 1005.00 0.00 17005.00 System Credits 17,005.00 ==================================================================================================================================== Bank Credit from 12/16 System Credits. 5,990.44 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 12/16 System Credits. 5,990.44 ==================================================================================================================================== 12-18-03 17,005.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 12/17 System Credits. 17,005.00 ==================================================================================================================================== 12-22-03 0.00 0.00 0.00 0.00 - ==================================================================================================================================== 12-23-03 2,675.50 - ------------------------------------------------------------------------------------------------------------------------------------ System Debit for Escrow Disbursement for loan 20018701. 2,675.50 ==================================================================================================================================== 12-29-03 33408.56 6542.61 0.00 39951.17 System Credits 39,951.17 ==================================================================================================================================== 12-30-03 39,951.17 Wire to Trustee for 12/29 System Credits LESS 6322.09 10/03 Service Fees & 4252.61 11/03 Service Fees. 29,376.47 ==================================================================================================================================== 12-31-03 0.00 0.00 26126.92 26126.92 12-31-03 0.00 23850.00 0.00 23850.00 System Credits 49,976.92 - ------------------------------------------------------------------------------------------------------------------------------------ System Debit for Service Fees 6322.09 & 4252.61. 10,574.70 ==================================================================================================================================== TOTALS: 1,125,159.34 102,887.55 (16,980.58) 1,211,066.31 1,211,066.31 1,206,875.62 892,342.63 438,263.83 =======================================================================================================================
College and University Loan Trust I Remittance Report Reconciliation December-03
Total System Credits @ 12/31 1,211,066.31 ------------ Total Bank Credits 1,206,875.62 ------------ 12/8/2004 Payment Reversal (3.23) 12/10/2004 Payment Reversal (43,107.50) 12/23/2004 Bank Credit for Escrow Disbursement on loan 20018701. (2,675.50) 12/31/2003 Deposit in Transit 49,976.92 Adjusted Bank Credits: 1,211,066.31 ============
GMAC Commercial Mortgage College and University Loan Trust I Remittance Report Reconciliation December-03
Total System/Bank Credits @ 12/31 1,211,066.31 ------------ Total Debits to Trustee@ 12/31 892,342.63 ============ 12/2/2003 Funds With held to cover payment reversal from 11/05 258,172.06 12/9/2003 Payment Reversal. (3.23) 12/11/2003 Funds With held to cover payment reversal (43,107.50) 12/16/2003 Funds With held to cover payment reversal 43107.50 12/11 & 3.23 12/9. 43,110.73 12/30/2003 Funds With held to cover Service Fees 6322.09 10/03 & 4252.61 11/03. 10,574.70 12/31/2003 Deposit in Transit 49,976.92 Adjusted Debits to Trustee 1,211,066.31 ============
GMAC Commercial Mortgage College and University Loan Trust I Remittance Report for January 2004
================================================================================================================================== Date GMACCM Received Date Due Number Borrower Name Principal Due Interest Due Total Due Principal Balance ================================================================================================================================== 1-02-04 1-01-2004 20020803 UNIVERSITY OF FLORIDA 180,000.00 4,395.00 184,395.00 293,000.00 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 12/31/2003 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 12/31 System Credits ================================================================================================================================== 1-05-04 1-01-2004 20001002 APPALACHIAN STATE UNIVERSITY - 2,085.00 2,085.00 139,000.00 1-05-04 1-01-2004 20009101 IOWA STATE UNIV OF SCI & TECH - 7,500.00 7,500.00 500,000.00 1-05-04 1-01-2004 20021603 UNIVERSITY OF NORTH CAROLINA 65,000.00 17,100.00 82,100.00 1,140,000.00 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 01/02 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 01/02 System Credits ================================================================================================================================== 1-06-04 1-01-2004 20009201 JACKSON STATE COLLEGE 50,000.00 3,000.00 53,000.00 200,000.00 1-06-04 1-01-2004 20012401 MISSISSIPPI VALLEY ST. COLLEGE - 750.00 750.00 50,000.00 1-06-04 7-01-2004 20012401 MISSISSIPPI VALLEY ST. COLLEGE - - - - System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 01/05 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 01/05 System Credits ================================================================================================================================== 1-07-04 1-01-2004 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB 4,000.00 1,515.00 5,515.00 101,000.00 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 01/06 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 01/06 System Credits ================================================================================================================================== 1-08-04 -- 20002401 BOSTON UNIVERITY - - - - 1-08-04 12-30-2003 20002401 BOSTON UNIVERITY - - - - 1-08-04 -- 20018701 SOUMI COLLEGE - - - - System Credits - ---------------------------------------------------------------------------------------------------------------------------------- System Debits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 01/07 System Credits ($1,515.00 for partial payment of 4th Qtr 2003 Property Inspections) ================================================================================================================================== 1-09-04 1-01-2004 20006801 FLORIDA ATLANTIC UNIVERSITY - 2,025.00 2,025.00 135,000.00 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 01/08 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Debit from 01/08 System Debits (payment reversal) - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 01/08 System Credits LESS $5.00 to complete payment of 4th Qtr 2003 Property Inspections ================================================================================================================================== 1-12-04 Bank Credit from 01/09 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 01/09 System Credits ================================================================================================================================== 1-14-04 1-01-2004 20003901 COLLEGE OF CHARLESTON - 11,550.00 11,550.00 770,000.00 1-14-04 1-01-2004 20021401 UNIV.OF NEBRASKA/ AG MENS CLUB - - - - System Credits ================================================================================================================================== 1-15-04 - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 01/14 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 01/14 System Credits (1274.81 withheld for 12/2003 Service Fee) ================================================================================================================================== 1-16-04 Bank Debit from 01/15 System Debits (includes 12/2003 Service Fee in the amount of $1274.81 and 4th Qtr Insurance in the amount of $1520.00) ================================================================================================================================== 1-23-04 -- 20018701 SOUMI COLLEGE - - - - 1-23-04 5-08-2003 20018701 SOUMI COLLEGE - - - - System Credits - ---------------------------------------------------------------------------------------------------------------------------------- System Debits ================================================================================================================================== 1-26-04 Bank Credit from 01/23 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Debit from 01/23 System Debits (payment reversal) ================================================================================================================================== 1-28-04 1-01-2004 20012801 MONTCLAIR STATE COLL (NJEFA) SER 77B - 3,330.00 3,330.00 222,000.00 System Credits ================================================================================================================================== 1-29-04 Bank Credit from 01/28 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 01/28 System Credits ================================================================================================================================== 1-30-04 2-01-2004 20010301 LAREDO MUNICIPAL JR. COLLEGE - - - - System Credits - ---------------------------------------------------------------------------------------------------------------------------------- TOTALS: 299,000.00 53,250.00 352,250.00 3,550,000.00 ========================================================= Loans Due in Current Period and Paid in Prior Period: 12-31-04 1-01-2004 20022401 SOUTH FLORIDA - 23,850.00 23,850.00 1,590,000.00 --------------------------------------------------------- TOTALS: - 23,850.00 23,850.00 1,590,000.00 ========================================================= Loans Due in Current Period Not Yet Paid: TOTALS: - - - - ========================================================= GRAND TOTAL: 299,000.00 77,100.00 376,100.00 5,140,000.00 ========================================================= ==================================================================================================================================== Date Net System Total Bank First Chicago ACH Debits and Received Principal Paid Interest Paid Suspense Total Paid Credits Credits Wires Other Wires ==================================================================================================================================== 1-02-04 180,000.00 4,395.00 - 184,395.00 System Credits 184,395.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 12/31/2003 System Credits 49,976.92 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 12/31 System Credits 49,976.92 ==================================================================================================================================== 1-05-04 - 2,085.00 - 2,085.00 1-05-04 - 7,500.00 - 7,500.00 1-05-04 65,000.00 17,100.00 - 82,100.00 System Credits 91,685.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 01/02 System Credits 184,395.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 01/02 System Credits 184,395.00 ==================================================================================================================================== 1-06-04 50,000.00 3,000.00 - 53,000.00 1-06-04 - 749.99 - 749.99 1-06-04 - 0.01 - 0.01 System Credits 53,750.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 01/05 System Credits 91,685.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 01/05 System Credits 91,685.00 ==================================================================================================================================== 1-07-04 - 1,515.00 - 1,515.00 System Credits 1,515.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 01/06 System Credits 53,750.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 01/06 System Credits 53,750.00 ==================================================================================================================================== 1-08-04 - - (26,126.92) (26,126.92) 1-08-04 14,618.83 11,508.09 - 26,126.92 1-08-04 - - 21,577.37 21,577.37 System Credits 47,704.29 - ------------------------------------------------------------------------------------------------------------------------------------ System Debits (26,126.92) - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 01/07 System Credits ($1,515.00 for partial payment of 4th Qtr 2003 Property Inspections) 1,515.00 ==================================================================================================================================== 1-09-04 - 2,025.00 - 2,025.00 System Credits 2,025.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 01/08 System Credits 47,704.29 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debit from 01/08 System Debits (payment reversal) 26,126.92 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 01/08 System Credits LESS $5.00 to complete payment of 4th Qtr 2003 Property Inspections 21,572.37 ==================================================================================================================================== 1-12-04 Bank Credit from 01/09 System Credits 2,025.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 01/09 System Credits 2,025.00 ==================================================================================================================================== 1-14-04 - 11,550.00 - 11,550.00 1-14-04 4,000.00 - - 4,000.00 System Credits 15,550.00 ==================================================================================================================================== 1-15-04 Bank Credit from 01/14 System Credits 15,550.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 01/14 System Credits (1274.81 withheld for 12/2003 Service Fee) 14,275.19 ==================================================================================================================================== 1-16-04 Bank Debit from 01/15 System Debits (includes 12/2003 Service Fee in the amount of $1274.81 and 4th Qtr Insurance in the amount of $1520.00) 2,794.81 ==================================================================================================================================== 1-23-04 - - (21,577.37) (21,577.37) 1-23-04 - 21,577.37 - 21,577.37 System Credits 21,577.37 - ------------------------------------------------------------------------------------------------------------------------------------ System Debits (21,577.37) ==================================================================================================================================== 1-26-04 Bank Credit from 01/23 System Credits 21,577.37 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debit from 01/23 System Debits (payment reversal) 21,577.37 ==================================================================================================================================== 1-28-04 - 3,330.00 - 3,330.00 System Credits 3,330.00 ==================================================================================================================================== 1-29-04 Bank Credit from 01/28 System Credits 3,330.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 01/28 System Credits 3,330.00 ==================================================================================================================================== 1-30-04 - 2,175.00 - 2,175.00 System Credits 2,175.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS: 313,618.83 88,510.46 (26,126.92) 376,002.37 376,002.37 471,508.58 421,009.48 50,499.10 =====================================================================================================================
College and University Loan Trust I Remittance Report Reconciliation January-04
Total System Credits @ 1/31 376,002.37 ---------- Total Bank Credits 471,508.58 ---------- 1/2/2004 Funds in transit (49,976.92) 1/9/2004 Payment reversal (26,126.92) 1/26/2004 Payment reversal (21,577.37) 1/30/2004 Funds in transit 2,175.00 Adjusted Bank Credits: 376,002.37 ==========
GMAC Commercial Mortgage College and University Loan Trust I Remittance Report Reconciliation January-04
Total System/Bank Credits @ 1/31 376,002.37 ========== Total Debits to Trustee@ 1/31 421,009.48 ========== 1/2/2004 Deposit in Transit (49,976.92) 1/8/2004 Witheld for 4th Qtr Property Inspections 1,515.00 1/9/2004 Witheld for 4th Qtr Property Inspections 5.00 1/15/2004 Withheld for 12/2003 Service Fee 1,274.81 1/31/2003 Deposit in Transit 2,175.00 Adjusted Debits to Trustee 376,002.37 ==========
GMAC Commercial Mortgage College and University Loan Trust I Remittance Report for February 2004
================================================================================================================================== Date GMACCM Received Date Due Number Borrower Name Principal Due Interest Due Total Due Principal Balance ================================================================================================================================== 2-02-04 2-01-2004 20006901 FLORIDA INST OF TECH, INC 9,000.00 390.00 9,390.00 26,000.00 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 1/30/2004 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 1/30 System Credits ================================================================================================================================== 2-03-04 2-01-2004 20002501 WILLIAM JENNINGS BRYAN COLLEGE 8,000.00 1,785.00 9,785.00 119,000.00 2-03-04 2-01-2004 20018601 STILLMAN COLLEGE 4,000.00 210.00 4,210.00 14,000.00 2-03-04 2-01-2004 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS - 4,633.43 4,633.43 308,895.00 2-03-04 8-01-2004 20023101 VANDERBILT UNIV - 1965 CARMIC TOWERS - - - - System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 2/02 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 2/02 System Credits ================================================================================================================================== 2-04-04 -- 20018701 SOUMI COLLEGE - - - - 2-04-04 8-08-2003 20018701 SOUMI COLLEGE - - - - System Credits - ---------------------------------------------------------------------------------------------------------------------------------- System Debits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 2/03 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 2/03 System Credits ================================================================================================================================== 2-05-04 Bank Credit from 2/04 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Debit from 02/04 System Debits (payment reversal) ================================================================================================================================== 2-20-04 -- 20-01-8701 SOUMI COLLEGE - - - - System Credits ================================================================================================================================== 2-23-04 Bank Credit from 2/20 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 2/20 System Credits LESS $1,413.52 for 1/2004 Service Fee ================================================================================================================================== 2-25-04 -- 20018701 SOUMI COLLEGE - - - - Bank Debi for 1/2004 Service Fee withheld from 02-23-04 Trustee Wire ================================================================================================================================== 2-26-04 Bank Credit representing Escrow 5 Disbursement - ---------------------------------------------------------------------------------------------------------------------------------- Bank Debit representing Escrow 5 disbursement ================================================================================================================================== TOTALS: 21,000.00 7,018.43 28,018.43 467,895.00 ======================================================== Loans Due in Current Period and Paid in Prior Period: 1-30-04 2-01-2004 20010301 LAREDO MUN. J - 2,175.00 2,175.00 145,000.00 -------------------------------------------------------- TOTALS: - 2,175.00 2,175.00 145,000.00 ======================================================== Loans Due in Current Period Not Yet Paid: 2-08-2004 20018701 SUOMI COLLEGE - 21,577.37 21,577.37 2,876,983.12 TOTALS: - 21,577.37 21,577.37 2,876,983.12 ======================================================== GRAND TOTAL: 21,000.00 30,770.80 51,770.80 3,489,878.12 ======================================================== ==================================================================================================================================== Date Net System Total Bank First Chicago ACH Debits and Received Principal Paid Interest Paid Suspense Total Paid Credits Credits Wires Other Wires ==================================================================================================================================== 2-02-04 9,000.00 390.00 - 9,390.00 System Credits 9,390.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 1/30/2004 System Credits 2,175.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 1/30 System Credits 2,175.00 ==================================================================================================================================== 2-03-04 8,000.00 1,785.00 0.00 9,785.00 2-03-04 4,000.00 209.98 0.00 4,209.98 2-03-04 0.00 4,600.51 0.00 4,600.51 2-03-04 0.00 49.49 0.00 49.49 System Credits 18,644.98 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 2/02 System Credits 9,390.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 2/02 System Credits 9,390.00 ==================================================================================================================================== 2-04-04 - - (21,577.37) (21,577.37) 2-04-04 - 21,577.37 - 21,577.37 System Credits 21,577.37 - ------------------------------------------------------------------------------------------------------------------------------------ System Debits (21,577.37) - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 2/03 System Credits 18,644.98 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 2/03 System Credits 18,644.98 ==================================================================================================================================== 2-05-04 Bank Credit from 2/04 System Credits 21,577.37 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debit from 02/04 System Debits (payment reversal) 21,577.37 ==================================================================================================================================== 2-20-04 - - 21,577.37 21,577.37 System Credits 21,577.37 ==================================================================================================================================== 2-23-04 Bank Credit from 2/20 System Credits 21,577.37 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 2/20 System Credits LESS $1,413.52 for 1/2004 Service Fee 20,163.85 ==================================================================================================================================== 2-25-04 - - - Bank Debit for 1/2004 Service Fee withheld from 02-23-04 Trustee Wire 1,413.52 ==================================================================================================================================== 2-26-04 Bank Credit representing Escrow 5 Disbursement 657.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debit representing Escrow 5 disbursement 657.00 ==================================================================================================================================== TOTAL: 21,000.00 28,612.35 - 49,612.35 49,612.35 74,021.72 50,373.83 23,647.89 ====================================================================================================================
College and University Loan Trust I Remittance Report Reconciliation February-04
Total System Credits @ 2/29 49,612.35 --------- Total Bank Credits 74,021.72 --------- 2/2/2004 Funds in transit (2,175.00) 2/5/2004 Payment reversal (21,577.37) 2/26/2004 Escrow 5 Disbursement (657.00) Adjusted Bank Credits: 49,612.35 =========
GMAC Commercial Mortgage College and University Loan Trust I Remittance Report Reconciliation February-04
Total System/Bank Credits @ 2/29 49,612.35 ========= Total Debits to Trustee@ 2/29 50,373.83 ========= 2/2/2004 Deposit in Transit (2,175.00) 1/8/2004 Withheld for 1/2004 Service Fee 1,413.52 Adjusted Debits to Trustee 49,612.35 =========
GMAC Commercial Mortgage College and University Loan Trust I Remittance Report for March 2004
================================================================================================================================== Date GMACCM Received Date Due Number Borrower Name Principal Due Interest Due Total Due Principal Balance ================================================================================================================================== 3-01-04 3-01-2004 20019502 TEXAS TECH. UNIVERSITY 45,000.00 9,388.75 54,388.75 518,000.00 3-01-04 -- 20019503 TEXAS TECH. UNIVERSITY 331,000.00 5,792.50 336,792.50 331,000.00 3-01-04 3-01-2004 20019504 TEXAS TECH. UNIVERSITY 19,000.00 53,392.50 72,392.50 3,164,000.00 System Credits ================================================================================================================================== 3-02-04 3-01-2004 20000902 ANDERSON COLLEGE 20,000.00 2,550.00 22,550.00 170,000.00 3-02-04 3-01-2004 20013801 NORTH CAROLINA STATE UNIVERSITY - 6,075.00 6,075.00 405,000.00 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 3/01 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 3/01 System Credits ================================================================================================================================== 3-03-04 Bank Credit from 3/02 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 3/02 System Credits ================================================================================================================================== 3-09-04 -- 20018701 SOUMI COLLEGE - - - - 3-09-04 -- 20018701 SOUMI COLLEGE - - - - System Credits ================================================================================================================================== 3-10-04 Bank Credit from 3/09 Escrow 5 Disbursement - ---------------------------------------------------------------------------------------------------------------------------------- Bank Debit from 3/09 Escrow 5 Disbursement ================================================================================================================================== 3-22-04 4-01-2004 20002201 BLACK HILLS STATE COLLEGE - - - - 3-22-04 4-01-2004 20002202 BLACK HILLS STATE COLLEGE - - - - System Credits ================================================================================================================================== 3-23-04 4-01-2004 20007201 FOOTHILL COLLEGE - - - - System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 3/22 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 3/22 System Credits (LESS 959.73 for 2/2004 Service Fee) ================================================================================================================================== 3-24-04 Bank Credit from 3/23 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 3/23 System Credits ================================================================================================================================== 3-25-04 Bank Debit for 2/2004 Service Fee withheld from 03-23-04 Trustee Wire ================================================================================================================================== 3-30-04 -- 20018701 SOUMI COLLEGE - - - - 3-30-04 4-01-2004 20021701 UNIVERSITY OF NOTRE DAME - BONDS 1968 - - - - System Credits ================================================================================================================================== 3-31-04 Bank Credit from 3/30 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Credit from 3/30 Escrow Disbursement - ---------------------------------------------------------------------------------------------------------------------------------- Wire to Trustee for 3/30 System Credits - ---------------------------------------------------------------------------------------------------------------------------------- Bank Debit from 3/30 Escrow Disbursement ================================================================================================================================== TOTALS: 415,000.00 77,198.75 492,198.75 4,588,000.00 --------------------------------------------------------- Loans Due in Current Period and Paid in Prior Period: TOTALS: - - - - ========================================================= Loans Due in Current Period Not Yet Paid: TOTALS: - - - - ========================================================= GRAND TOTAL: 415,000.00 77,198.75 492,198.75 4,588,000.00 ========================================================= ==================================================================================================================================== Date Net System Total Bank First Chicago ACH Debits and Received Principal Paid Interest Paid Suspense Total Paid Credits Credits Wires Other Wires ==================================================================================================================================== 3-01-04 45,000.00 9,388.75 - 54,388.75 3-01-04 331,000.00 5,792.50 - 336,792.50 3-01-04 19,000.00 53,392.50 - 72,392.50 System Credits 463,573.75 ==================================================================================================================================== 3-02-04 20,000.00 2,550.00 - 22,550.00 3-02-04 0.00 6,075.00 - 6,075.00 System Credits 28,625.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 3/01 System Credits 463,573.75 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 3/01 System Credits 463,573.75 ==================================================================================================================================== 3-03-04 Bank Credit from 3/02 System Credits 28,625.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 3/02 System Credits 28,625.00 ==================================================================================================================================== 3-09-04 - - - - 3-09-04 - - - - System Credits 0.00 ==================================================================================================================================== 3-10-04 Bank Credit from 3/09 Escrow 5 Disbursement 8,301.16 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debit from 3/09 Escrow 5 Disbursement 8,301.16 ==================================================================================================================================== 3-22-04 - 510.00 - 510.00 3-22-04 - 690.00 - 690.00 System Credits 1,200.00 ==================================================================================================================================== 3-23-04 - 900.00 - 900.00 System Credits 900.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 3/22 System Credits 1,200.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 3/22 System Credits (LESS 959.73 for 2/2004 Service Fee) 240.27 ==================================================================================================================================== 3-24-04 Bank Credit from 3/23 System Credits 900.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 3/23 System Credits 900.00 ==================================================================================================================================== 3-25-04 Bank Debit for 2/2004 Service Fee withheld from 03-23-04 Trustee Wire 959.73 ==================================================================================================================================== 3-30-04 - - - - 3-30-04 80,000.00 21,450.00 - 101,450.00 System Credits 101,450.00 ==================================================================================================================================== 3-31-04 Bank Credit from 3/30 System Credits 101,450.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 3/30 Escrow Disbursement 2,716.06 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 3/30 System Credits 101,450.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debit from 3/30 Escrow Disbursement 2,716.06 ==================================================================================================================================== TOTALS 495,000.00 100,748.75 - 595,748.75 595,748.75 606,765.97 594,789.02 11,976.95 =====================================================================================================================
College and University Loan Trust I Remittance Report Reconciliation March-04
Total System Credits @ 3/31 595,748.75 ---------- Total Bank Credits 606,765.97 ---------- 3/10/2004 Escrow 5 Disbursement (8,301.16) 3/31/2004 Escrow 5 Disbursement (2,716.06) Adjusted Bank Credits: 595,748.75 ==========
GMAC Commercial Mortgage College and University Loan Trust I Remittance Report Reconciliation March-04
Total System/Bank Credits @ 3/31 595,748.75 ========== Total Debits to Trustee@ 3/31 594,789.02 ========== 3/25/2004 Withheld for 2/2004 Service Fee 959.73 Adjusted Debits to Trustee 595,748.75 ==========
GMAC Commercial Mortgage College and University Loan Trust I Remittance Report for April 2004
==================================================================================================================================== Date GMACCM Received Date Due Number Borrower Name Principal Due Interest Due Total Due Principal Balance ==================================================================================================================================== 4-02-04 4-01-2004 20000101 ALBION COLLEGE - 15,300.00 15,300.00 1,020,000.00 4-02-04 4-01-2004 20004001 COLLEGE OF ST. THOMAS 30,000.00 7,125.00 37,125.00 475,000.00 4-02-04 -- 20004304 COLORADO STATE UNIVERSITY - - - - 4-02-04 4-01-2004 20010802 LONG ISLAND UNIVERSITY - 3,806.25 3,806.25 203,000.00 4-02-04 -- 20011401 MCKENDREE COLLEGE 50,000.00 3,150.00 53,150.00 210,000.00 4-02-04 4-01-2004 20012101 MIDDLEBURY COLLEGE 38,000.00 15,720.00 53,720.00 1,048,000.00 4-02-04 4-01-2004 20016101 RIVERSIDE HOSPITAL 30,000.00 1,665.00 31,665.00 111,000.00 4-02-04 4-01-2004 20016201 RIVIER COLLEGE 40,000.00 9,116.88 49,116.88 503,000.00 4-02-04 4-01-2004 20017102 SOUTH DAKOTA STATE UNIVERSITY 80,000.00 17,325.00 97,325.00 1,155,000.00 4-02-04 -- 20017102 SOUTH DAKOTA STATE UNIVERSITY - - - - 4-02-04 -- 20017102 SOUTH DAKOTA STATE UNIVERSITY - - - - 4-02-04 4-01-2004 20018302 ST. MICHAELS COLLEGE 25,000.00 1,575.00 26,575.00 105,000.00 4-02-04 4-01-2004 20021001 UNIVERSITY OF HAWAII AT MANOA - 6,000.00 6,000.00 400,000.00 4-02-04 -- 20021901 UNIVERSITY OF PORTLAND - - - - 4-02-04 4-01-2004 20022601 UNIVERSITY OF STEUBENVILLE 20,000.00 3,476.25 23,476.25 206,000.00 4-02-04 4-01-2004 20022602 UNIVERSITY OF STEUBENVILLE 15,000.00 3,975.00 18,975.00 265,000.00 4-02-04 4-01-2004 20022701 UNIVERSITY OF VERMONT 57,000.00 34,905.00 91,905.00 2,327,000.00 4-02-04 4-01-2004 20023901 XAVIER UNIVERSITY OF LOUISIANA - 6,675.00 6,675.00 445,000.00 System Credits ==================================================================================================================================== 4-05-04 4-01-2004 20003001 CASE WESTERN RESERVE UNIVERSIT 100,000.00 23,025.00 123,025.00 1,535,000.00 4-05-04 -- 20003502 CHAMINADE UNIVERSITY - 2,715.00 2,715.00 181,000.00 4-05-04 -- 20003502 CHAMINADE UNIVERSITY - - - - 4-05-04 4-01-2004 20004202 VIRGIN ISLANDS COLLEGE - 1,455.00 1,455.00 97,000.00 4-05-04 -- 20004304 COLORADO STATE UNIVERSITY 155,000.00 5,709.38 160,709.38 315,000.00 4-05-04 -- 20004304 COLORADO STATE UNIVERSITY - - - - 4-05-04 4-01-2004 20004401 R.I. JR. COLLEGE 10,000.00 4,740.00 14,740.00 316,000.00 4-05-04 4-01-2004 20005201 DANIEL WEBSTER COLLEGE 15,000.00 4,125.00 19,125.00 275,000.00 4-05-04 4-01-2004 20007902 GRAMBLING COLLEGE - 5,175.00 5,175.00 345,000.00 4-05-04 4-01-2004 20009302 JARVIS CHRISTIAN COLLEGE - BND 69A 22,000.00 6,900.00 28,900.00 460,000.00 4-05-04 4-01-2004 20009502 SACRED HEART KANSAS NEWMAN COLLEGE 20,000.00 930.00 20,930.00 62,000.00 4-05-04 4-01-2004 20017301 SOUTHEAST MISSOURI STATE UNIV (ESCROW) 180,000.00 6,475.00 186,475.00 370,000.00 4-05-04 4-01-2004 20018001 ST.EDWARDS UNIVERSITY 13,000.00 2,700.62 15,700.62 149,000.00 4-05-04 10-01-2004 20018001 ST.EDWARDS UNIVERSITY - - - - 4-05-04 4-01-2004 20019401 TEXAS STATE COLLEGE 35,000.00 2,100.00 37,100.00 140,000.00 4-05-04 4-01-2004 20019701 TUFTS COLLEGE - 1,558.75 1,558.75 86,000.00 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ System Debits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/02 System Credits (P&I payments) - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/02 System Credits (suspense funds) - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/02 System Credits (LESS 1400.86 3/2004 Service Fee and 780.00 1st Qtr Property Inspections) ==================================================================================================================================== 4-06-04 4-01-2004 20002101 BIRMINGHAM SOUTHERN COLLEGE - 1,320.00 1,320.00 88,000.00 4-06-04 4-01-2004 20002102 BIRMINGHAM SOUTHERN COLLEGE - 4,080.00 4,080.00 272,000.00 4-06-04 4-01-2004 20006401 EMPORIA STATE UNIVERSITY 40,000.00 3,750.00 43,750.00 250,000.00 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/05 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits from 4/05 System Debits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/05 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits representing 1400.86 3/2004 Service Fee and 780.00 1st Qtr Property Inspections ==================================================================================================================================== 4-07-04 Bank Credit from 4/06 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/06 System Credits ==================================================================================================================================== 4-08-04 4-01-2004 20001401 AZUSA PACIFIC UNIVERSITY-1967#95-403850 35,000.00 9,570.00 44,570.00 638,000.00 4-08-04 4-01-2004 20005401 DEAN ACADEMY & JR. COLLEGE 20,000.00 4,335.00 24,335.00 289,000.00 4-08-04 4-01-2004 20005801 DRAKE UNIVERSITY 40,000.00 12,150.00 52,150.00 810,000.00 4-08-04 4-01-2004 20019101 TAYLOR UNIVERISTY - 5,850.00 5,850.00 390,000.00 4-08-04 4-01-2004 20023601 WESTERN WASHINGTON STATE COLLEGE - 1,200.00 1,200.00 80,000.00 System Credits ==================================================================================================================================== 4-12-04 4-01-2004 20001301 AUGSBURG COLLEGE ACCT# AUGS466ADSU 70,000.00 16,350.00 86,350.00 1,090,000.00 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/08 System Credits (Credited twice) - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/08 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits from 4/08 System Credit duplication ==================================================================================================================================== 4-13-04 Bank Credit from 4/12 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/12 System Credits ==================================================================================================================================== 4-14-04 4-01-2004 20012601 MISSOURI WESTERN STATE COLLEGE (ESCROW) - 2,460.00 2,460.00 164,000.00 System Credits ==================================================================================================================================== 4-15-04 Bank Credit from 4/14 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/14 System Credits ==================================================================================================================================== 4-20-04 5-01-2004 20002801 CARNEGIE MELLON UNIVERSITY - - - - 4-20-04 -- 20021901 UNIVERSITY OF PORTLAND 18,000.00 3,180.00 21,180.00 212,000.00 4-20-04 -- 20021901 UNIVERSITY OF PORTLAND - - - - 4-20-04 -- 20021901 UNIVERSITY OF PORTLAND - - - - System Credits - ------------------------------------------------------------------------------------------------------------------------------------ System Debits ==================================================================================================================================== 4-21-04 Bank Credit from 4/20 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/20 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debit from 4/20 System Debits (payment reversal) ==================================================================================================================================== 4-26-04 5-01-2004 20012001 MICHIGAN STATE UNIVERSITY - - - - 4-26-04 5-01-2004 20016601 SARAH LAWRENCE COLLEGE - - - - 4-26-04 -- 20018701 SOUMI COLLEGE - - - - 4-26-04 5-01-2004 20018901 SWARTHMORE COLLEGE - - - - System Credits ==================================================================================================================================== 4-27-04 Bank Credit from 4/26 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/26 System Credits (Escrow Disbursement) - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/26 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debit from 4/26 System Debits (Escrow Disbursement) ==================================================================================================================================== 4-30-04 5-01-2004 20017801 SPRINGFIELD COLLEGE - - - - 4-30-04 -- 20018701 SOUMI COLLEGE - - - - System Credits ==================================================================================================================================== TOTALS: 1,158,000.00 261,668.13 1,419,668.13 17,087,000.00 =========================================================== Loans Due in Current Period and Paid in Prior Period: 3-22-04 4-01-2004 20002201 BLACKS HILLS - 510.00 510.00 34,000.00 3-22-04 4-01-2004 20002202 BLACKS HILLS - 690.00 690.00 46,000.00 3-23-04 4-01-2004 20007201 FOOTHILL JUNI - 900.00 900.00 60,000.00 3-30-04 4-01-2004 20021701 UNIV. OF NOTR 80,000.00 21,450.00 101,450.00 1,430,000.00 ----------------------------------------------------------- TOTALS: 80,000.00 23,550.00 103,550.00 1,570,000.00 =========================================================== Loans Due in Current Period Not Yet Paid: 4-01-2004 20000601 ALMA COLLEGE 45,000.00 5,025.00 50,025.00 335,000.00 4-01-2004 20012901 MONTEREY JR C - 3,675.00 3,675.00 245,000.00 4-01-2004 20013501 NEW ENGLAND C - 5,129.37 5,129.37 282,999.99 4-01-2004 20013502 NEW ENGLAND C 40,000.00 12,525.00 52,525.00 835,000.00 4-01-2004 20016701 SCRIPPS COLLE - 1,095.00 1,095.00 73,000.00 TOTALS: 85,000.00 27,449.37 112,449.37 1,770,999.99 =========================================================== GRAND TOTAL: 1,323,000.00 312,667.50 1,635,667.50 20,427,999.99 =========================================================== ==================================================================================================================================== Date Net System Total Bank First Chicago ACH Debits and Received Principal Paid Interest Paid Suspense Total Paid Credits Credits Wires Other Wires ==================================================================================================================================== 4-02-04 - 15,300.00 - 15,300.00 4-02-04 30,000.00 7,125.00 - 37,125.00 4-02-04 - - 5,709.38 5,709.38 4-02-04 - 3,806.25 - 3,806.25 4-02-04 210,000.00 3,150.00 - 213,150.00 4-02-04 38,000.00 15,720.00 - 53,720.00 4-02-04 30,000.00 1,665.00 - 31,665.00 4-02-04 40,000.00 9,116.88 - 49,116.88 4-02-04 80,000.00 0.00 0.00 80,000.00 4-02-04 1,075,000.00 17,325.00 0.00 1,092,325.00 4-02-04 - 10,750.00 - 10,750.00 4-02-04 25,000.00 1,575.00 - 26,575.00 4-02-04 - 6,000.00 - 6,000.00 4-02-04 - - 217,120.00 217,120.00 4-02-04 20,000.00 3,476.25 - 23,476.25 4-02-04 15,000.00 3,975.00 - 18,975.00 4-02-04 57,000.00 34,905.00 - 91,905.00 4-02-04 - 6,675.00 - 6,675.00 System Credits 1,983,393.76 ==================================================================================================================================== 4-05-04 100,000.00 23,025.00 - 123,025.00 4-05-04 181,000.00 2,715.00 - 183,715.00 4-05-04 - 1,810.00 - 1,810.00 4-05-04 - 1,455.00 - 1,455.00 4-05-04 - - (5,709.38) (5,709.38) 4-05-04 315,000.00 5,709.38 - 320,709.38 4-05-04 10,000.00 4,740.00 - 14,740.00 4-05-04 15,000.00 4,125.00 - 19,125.00 4-05-04 - 5,175.00 - 5,175.00 4-05-04 22,000.00 6,900.00 - 28,900.00 4-05-04 20,000.00 930.00 - 20,930.00 4-05-04 180,000.00 6,475.00 - 186,475.00 4-05-04 13,000.00 2,700.59 - 15,700.59 4-05-04 - 0.04 - 0.04 4-05-04 35,000.00 2,100.00 - 37,100.00 4-05-04 - 1,558.75 - 1,558.75 System Credits 960,418.76 - ------------------------------------------------------------------------------------------------------------------------------------ System Debits (5,709.38) - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/02 System Credits (P&I payments) 1,760,564.38 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/02 System Credits (suspense funds) 222,829.38 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/02 System Credits (LESS 1400.86 3/2004 Service Fee and 780.00 1st Qtr Property Inspections) 1,981,212.90 ==================================================================================================================================== 4-06-04 - 1,320.00 - 1,320.00 4-06-04 - 4,080.00 - 4,080.00 4-06-04 40,000.00 3,750.00 - 43,750.00 System Credits 49,150.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/05 System Credits 960,418.76 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits from 4/05 System Debits 5,709.38 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/05 System Credits 954,709.38 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits representing 1400.86 3/2004 Service Fee and 780.00 1st Qtr Property Inspections 2,180.86 ==================================================================================================================================== 4-07-04 Bank Credit from 4/06 System Credits 49,150.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/06 System Credits 49,150.00 ==================================================================================================================================== 4-08-04 35,000.00 9,570.00 - 44,570.00 4-08-04 20,000.00 4,335.00 - 24,335.00 4-08-04 40,000.00 12,150.00 - 52,150.00 4-08-04 - 5,850.00 - 5,850.00 4-08-04 - 1,200.00 - 1,200.00 System Credits 128,105.00 ==================================================================================================================================== 4-12-04 70,000.00 16,350.00 - 86,350.00 System Credits 86,350.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/08 System Credits (Credited twice) 256,210.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/08 System Credits 128,105.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits from 4/08 System Credit duplication 128,105.00 ==================================================================================================================================== 4-13-04 Bank Credit from 4/12 System Credits 86,350.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/12 System Credits 86,350.00 ==================================================================================================================================== 4-14-04 - 2,460.00 - 2,460.00 System Credits 2,460.00 ==================================================================================================================================== 4-15-04 Bank Credit from 4/14 System Credits 2,460.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/14 System Credits 2,460.00 ==================================================================================================================================== 4-20-04 15,000.00 7,305.00 - 22,305.00 4-20-04 - - (217,120.00) (217,120.00) 4-20-04 212,000.00 3,180.00 - 215,180.00 4-20-04 - 1,940.00 - 1,940.00 System Credits 239,425.00 - ------------------------------------------------------------------------------------------------------------------------------------ System Debits (217,120.00) ==================================================================================================================================== 4-21-04 Bank Credit from 4/20 System Credits 239,425.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/20 System Credits 22,305.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debit from 4/20 System Debits (payment reversal) 217,120.00 ==================================================================================================================================== 4-26-04 14,393.48 9,132.36 - 23,525.84 4-26-04 20,951.44 14,328.30 - 35,279.74 4-26-04 - - - - 4-26-04 4,217.72 1,548.14 - 5,765.86 System Credits 64,571.44 ==================================================================================================================================== 4-27-04 Bank Credit from 4/26 System Credits 64,571.44 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/26 System Credits (Escrow Disbursement) 958.50 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/26 System Credits 64,571.44 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debit from 4/26 System Debits (Escrow Disbursement) 958.50 ==================================================================================================================================== 4-30-04 6,653.08 1,664.82 - 8,317.90 4-30-04 - - - - System Credits 8,317.90 ==================================================================================================================================== TOTALS: 2,989,215.72 310,146.76 - 3,299,362.48 3,299,362.48 3,642,937.46 3,288,863.72 354,073.74 =======================================================================================================================
College and University Loan Trust I Remittance Report Reconciliation April-04
Total System Credits @ 4/30 3,299,362.48 ------------ Total Bank Credits 3,642,937.46 ------------ 4/5/2004 Payment Reversal (5,709.38) 4/12/2004 Bank Error - Bank Credit duplication (128,105.00) 4/20/2004 Payment Reversal (217,120.00) 4/27/2004 Escrow Disbursement (958.50) 4/30/2004 Funds in transit 8,317.90 Adjusted Bank Credits: 3,299,362.48 ============
GMAC Commercial Mortgage College and University Loan Trust I Remittance Report Reconciliation April-04
Total System/Bank Credits @ 4/30 3,299,362.48 ============ Total Debits to Trustee@ 4/30 3,288,863.72 ============ 4/6/2004 Withheld 3/2004 Service Fee 1,400.86 4/6/2004 Withheld 1st Qtr Property Inspections 780.00 4/30/2004 Funds in transit 8,317.90 Adjusted Debits to Trustee 3,299,362.48 ============
GMAC Commercial Mortgage College and University Loan Trust I Remittance Report for May 2004
==================================================================================================================================== Date GMACCM Received Date Due Number Borrower Name Principal Due Interest Due Total Due Principal Balance ==================================================================================================================================== 5-03-04 5-01-2004 20000401 UNIVERSITY OF ALFRED - 2,655.00 2,655.00 177,000.00 5-03-04 5-01-2004 20001901 BENEDICT COLLEGE SERIES 1974 - 510.00 510.00 34,000.00 5-03-04 5-01-2004 20004501 CONCORDIA TEACHERS COLLEGE 25,000.00 6,975.00 31,975.00 464,999.99 5-03-04 5-01-2004 20006502 FAIRLEIGH DICKINSON UNIVERSITY 2,178.92 1,435.90 3,614.82 95,726.83 5-03-04 5-01-2004 20008401 HAVERFORD COLL . - 5,618.75 5,618.75 310,000.00 5-03-04 4-01-2004 20012901 MONTEREY PENINSULA JR. COLLEGE - - - - 5-03-04 5-01-2004 20013301 MORRIS COLLEGE - BONDS 1983 - 10,245.00 10,245.00 683,000.00 5-03-04 5-01-2004 20019201 TEMPLE UNIVERSITY - 6,041.25 6,041.25 358,000.00 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/30 System Credits (P&I payments) [Duplicated] - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/30 System Credits (Escrow Disbursements) - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/30 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits from 4/30 System Debit (Escrow Disbursements) - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits from 4/30 System Debits (P&I payments) [reversal duplicate credit] ==================================================================================================================================== 5-04-04 5-01-2004 20002701 CALIFORNIA STATE UNIVERSITY - 21,900.00 21,900.00 1,460,000.00 5-04-04 5-01-2004 20016401 CALIFORNIA STATE UNIVERSITY - 5,025.00 5,025.00 335,000.00 5-04-04 5-01-2004 20016501 CALIFORNIA STATE UNIVERSITY - 10,500.00 10,500.00 700,000.00 5-04-04 5-01-2004 20018801 SUSQUEHANNA UNIVERSITY - 900.00 900.00 60,000.00 5-04-04 5-01-2004 20018802 SUSQUEHANNA UNIVERSITY - 5,618.75 5,618.75 310,000.00 5-04-04 -- 20021101 UNIVERSITY OF MISSOURI 182,000.00 3,298.75 185,298.75 182,000.00 5-04-04 5-01-2004 20021301 UNIVERSITY OF MONTEVALLO 8,000.00 3,225.00 11,225.00 215,000.00 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/03 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/03 System Credits ==================================================================================================================================== 5-05-04 5-01-2004 20023501 WESTERN MARYLAND COLLEGE - 15,750.00 15,750.00 1,050,000.00 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/04 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/04 System Credits ==================================================================================================================================== 5-06-04 Bank Credit from 5/05 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/05 System Credits (Less 5952.48 4/2004 Service Fee) ==================================================================================================================================== 5-07-04 4-01-2004 20000601 ALMA COLLEGE - - - - System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits representing 4/2004 Service Fee ==================================================================================================================================== 5-10-04 10-01-2004 20004001 COLLEGE OF ST. THOMAS - - - - System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/07 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/07 System Credits ==================================================================================================================================== 5-11-04 5-01-2004 20020001 UNIVERSITY OF ALABAMA 70,000.00 23,340.00 93,340.00 1,556,000.00 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/10 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/10 System Credits ==================================================================================================================================== 5-12-04 5-01-2004 20008301 HARCUM COLLEGE - 8,100.00 8,100.00 540,000.00 5-12-04 4-01-2004 20016701 SCRIPPS COLLEGE - - - - System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/11 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/11 System Credits ==================================================================================================================================== 5-13-04 4-01-2004 20013501 NEW ENGLAND COLLEGE - - - - 5-13-04 4-01-2004 20013502 NEW ENGLAND COLLEGE - - - - System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/12 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/12 System Credits ==================================================================================================================================== 5-14-04 Bank Credit from 5/13 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/13 System Credits ==================================================================================================================================== 5-17-04 5-01-2004 20001201 ATLANTIC UNION COLLEGE 3,302.31 2,688.13 5,990.44 179,208.82 System Credits ==================================================================================================================================== 5-18-04 10-01-2004 20004001 COLLEGE OF ST. THOMAS - - - - 5-18-04 5-01-2004 20008201 HAMPSHIRE COLLEGE - 765.00 765.00 51,000.00 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ System Debits(payment reversal) - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/17 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/17 System Credits ==================================================================================================================================== 5-19-04 Bank Credit from 5/18 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee (incorrectly wired from ED I acct. Should have been from ED II acccount) - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits from 5/18 System Debit (payment reversal) ==================================================================================================================================== 5-21-04 6-01-2004 20013001 MONTREAT-ANDERSON COLLEGE - - - - System Credits ==================================================================================================================================== 5-24-04 Bank Credit from 5/21 System Credits - ------------------------------------------------------------------------------------------------------------------------------------ Wire from ED II Acct to refund funds incorrectly wired out on 5-19-2004 ==================================================================================================================================== 2004-05-28 -- 20018701 SOUMI COLLEGE - - - - System Credits ==================================================================================================================================== TOTALS: 290,481.23 134,591.53 425,072.76 8,760,935.64 ========================================================= Loans Due in Current Period and Paid in Prior Period: 4-20-04 5-01-2004 20002801 CARNEGIE-MELL 15,000.00 7,305.00 22,305.00 487,000.00 4-26-04 5-01-2004 20012001 MSU HOUSING 14,393.48 9,132.36 23,525.84 608,823.83 4-26-04 5-01-2004 20016601 SARAH LAWRENC 20,951.44 14,328.30 35,279.74 955,219.93 4-30-04 5-01-2004 20017801 SPRINGFIELD C 6,653.08 1,664.82 8,317.90 110,987.41 4-26-04 5-01-2004 20018901 SWARTHMORE CO 4,217.72 1,548.14 5,765.86 103,209.51 --------------------------------------------------------- TOTALS: 61,215.72 33,978.62 95,194.34 2,265,240.68 ========================================================= Loans Due in Current Period Not Yet Paid: 5-08-2004 20018701 SUOMI COLLEGE - 21,577.37 21,577.37 2,876,983.12 TOTALS: - 21,577.37 21,577.37 2,876,983.12 --------------------------------------------------------- GRAND TOTAL: 351,696.95 190,147.52 541,844.47 13,903,159.44 ========================================================= ==================================================================================================================================== Date Net System Total Bank First Chicago ACH Debits and Received Principal Paid Interest Paid Suspense Total Paid Credits Credits Wires Other Wires ==================================================================================================================================== 5-03-04 - 2,655.00 - 2,655.00 5-03-04 - 510.00 - 510.00 5-03-04 25,000.00 6,975.00 - 31,975.00 5-03-04 2,178.92 1,435.90 - 3,614.82 5-03-04 - 5,618.75 - 5,618.75 5-03-04 - 3,675.00 - 3,675.00 5-03-04 0.00 10,245.00 - 10,245.00 5-03-04 0.00 6,041.25 - 6,041.25 System Credits 64,334.82 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/30 System Credits (P&I payments) [Duplicated] 16,635.80 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 4/30 System Credits (Escrow Disbursements) 2,460.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 4/30 System Credits 8,317.90 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits from 4/30 System Debit (Escrow Disbursements) 2,460.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits from 4/30 System Debits (P&I payments) [reversal duplicate credit] 8,317.90 ==================================================================================================================================== 5-04-04 - 21,900.00 - 21,900.00 5-04-04 - 5,025.00 - 5,025.00 5-04-04 - 10,500.00 - 10,500.00 5-04-04 - 900.00 - 900.00 5-04-04 - 5,618.75 - 5,618.75 5-04-04 182,000.00 3,298.75 - 185,298.75 5-04-04 8,000.00 3,225.00 - 11,225.00 System Credits 240,467.50 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/03 System Credits 64,334.82 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/03 System Credits 64,334.82 ==================================================================================================================================== 5-05-04 - 15,750.00 - 15,750.00 System Credits 15,750.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/04 System Credits 240,467.50 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/04 System Credits 240,467.50 ==================================================================================================================================== 5-06-04 Bank Credit from 5/05 System Credits 15,750.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/05 System Credits (Less 5952.48 4/2004 Service Fee) 9,797.52 ==================================================================================================================================== 5-07-04 45,000.00 5,025.00 - 50,025.00 System Credits 50,025.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits representing 4/2004 Service Fee 5,952.48 ==================================================================================================================================== 5-10-04 - 4,860.00 - 4,860.00 System Credits 4,860.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/07 System Credits 50,025.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/07 System Credits 50,025.00 ==================================================================================================================================== 5-11-04 70,000.00 23,340.00 - 93,340.00 System Credits 93,340.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/10 System Credits 4,860.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/10 System Credits 4,860.00 ==================================================================================================================================== 5-12-04 - 8,100.00 - 8,100.00 5-12-04 - 1,095.00 - 1,095.00 System Credits 9,195.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/11 System Credits 93,340.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/11 System Credits 93,340.00 ==================================================================================================================================== 5-13-04 - 5,129.37 - 5,129.37 5-13-04 40,000.00 12,525.00 - 52,525.00 System Credits 57,654.37 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/12 System Credits 9,195.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/12 System Credits 9,195.00 ==================================================================================================================================== 5-14-04 Bank Credit from 5/13 System Credits 57,654.37 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/13 System Credits 57,654.37 ==================================================================================================================================== 5-17-04 3,302.31 2,688.13 - 5,990.44 System Credits 5,990.44 ==================================================================================================================================== 5-18-04 - (4,860.00) - (4,860.00) 5-18-04 - 765.00 - 765.00 System Credits 765.00 - ------------------------------------------------------------------------------------------------------------------------------------ System Debits(payment reversal) (4,860.00) - ------------------------------------------------------------------------------------------------------------------------------------ Bank Credit from 5/17 System Credits 5,990.44 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee for 5/17 System Credits 5,990.44 ==================================================================================================================================== 5-19-04 Bank Credit from 5/18 System Credits 765.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire to Trustee (incorrectly wired from ED I acct. Should have been from ED II acccount) 113,110.00 - ------------------------------------------------------------------------------------------------------------------------------------ Bank Debits from 5/18 System Debit (payment reversal) 4,860.00 ==================================================================================================================================== 5-21-04 2,400.00 1,344.00 - 3,744.00 System Credits 3,744.00 ==================================================================================================================================== 5-24-04 Bank Credit from 5/21 System Credits 3,744.00 - ------------------------------------------------------------------------------------------------------------------------------------ Wire from ED II Acct to refund funds incorrectly wired out on 5-19-2004 (113,110.00) ==================================================================================================================================== 2004-05-28 - - - - System Credits 0.00 ==================================================================================================================================== TOTALS: 377,881.23 163,384.90 - 541,266.13 541,266.13 565,221.93 543,982.55 21,590.38 =====================================================================================================================
College and University Loan Trust I Remittance Report Reconciliation May-04
Total System Credits @ 5/31 541,266.13 ---------- Total Bank Credits 565,221.93 ---------- 5/3/2004 Funds in Transit (P&I - Duplicated) (16,635.80) 5/3/2004 Escrow Disbursements (2,460.00) 5/18/2004 Payment Reversal (4,860.00) Adjusted Bank Credits: 541,266.13 ==========
GMAC Commercial Mortgage College and University Loan Trust I Remittance Report Reconciliation May-04
Total System/Bank Credits @ 5/31 541,266.13 ========== Total Debits to Trustee@ 5/31 543,982.55 ========== 5/3/2004 Deposit in Transit (8,317.90) 5/7/2004 4/2004 Service Fee 5,952.48 5/18/2004 Overdraft of Account (4,095.00) 5/21/2004 Fund overdraft (partial) 3,744.00 Adjusted Debits to Trustee 541,266.13 ==========
-----END PRIVACY-ENHANCED MESSAGE-----