Contractor Lien

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					                                                  SPECIAL BORROWER REQUESTS
                                              LIST OF POSSIBLE DATA REQUIREMENTS

                                                             REQUEST RECEIVED

          Request from Borrower/Notification of the event
          Conference call with Borrower and all parties
          Verify loan status - Whether the loan is current in all respects, payments, taxes, insurance coverage and
          escrow requirements; No other non-monetary defaults exist; Are any advances outstanding (P&I, Property
          Protection, etc.)
          Review Basic Mortgage Loan Documents to verify specific conditions/requirements regarding special
          requests and approval/consent

          Review File for completeness - Original Environmental, Original Appraisal, Original Title Policy, Original
          Engineers Report, Original Recorded documents - D/T, UCC's, ALRP

                                                  INITIAL RESPONSE TO BORROWER

          Info request letter to Borrower (see information requirements below)
          Assumption application
          Bill Application/Review Fee
          Bill Assumption/Consent Fee
          Collect Legal Fee Deposit


                                                        INFORMATION REQUIRED

                                               FINANCIAL INFORMATION-PARTIES
          Current Financials of Current Borrower
          Signed Financials by Partners/Principals of Borrower
          Signed Financials of Guarantor(s)
          Updated Borrower Information - This would include Credit References, Bank Information, Prior 2 years Tax
          Returns, Copy of Entity Documents, Resume of Past Management ePerience, List of all Real Property
          Owned, Resume, Credit Check, Cash Flow Statement for all Real Estate holdings
          New Borrower information - This would include Name, Address, Tax ID #, Credit References, Bank
          Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past Management
          EPerience, List of all Real Property Owned, Resume, Credit Check, Cash Flow Statement for all Real Estate
          Holdings
          Diagram of proposed ownership structure with percentages of ownership
          Description and source of equity for purchase of property
          Updated Guarantor information - This would include Name, Address, Tax ID #, Credit References, Bank
          Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past Management
          EPerience, List of all Real Property Owned, Resume, Credit Check
          New Guarantor information - This would include Name, Address, Tax ID #, Credit References, Bank
          Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past Management
          EPerience, List of all Real Property Owned, Resume, Credit Check
          Updated Key Principals (and Spouses) information - This would include Name, Address, Tax ID #, Credit
          References, Bank Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past
          Management EPerience, List of all Real Property Owned, Resume, Credit Check
          New Key Principals (and Spouses) information - This would include Name, Address, Tax ID #, Credit
          References, Bank Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past
          Management EPerience, List of all Real Property Owned, Resume, Credit Check

                                                 PROPERTY INFORMATION
          Inspection of the Property
          Current Operating Statements for Property - 2 years
          Current Operating Statements for new Property - 2 years
          Certified Income and ePense statement for new property - 2 years
          Current Rent Roll for property
          Current Rent Roll for new property
          Copies of all new or proposed leases
          Information re proposed tenants/leases
          Tenant Financials for Major Lease(s)
          Proforma Operating Statement on Property for next 3 years
          Proforma Operating Statement on NEW Property for next 3 years
          Brokers Price Opinion of Property Value
          Funding Sources for new or necessary escrow accounts


                                                                 OPINIONS
          Opinion of Counsel - Corporate Action
          REMIC opinion letter - CMBS DEAL SPECIFIC

                                              CONSTRUCTION INFORMATION
          Proposed repairs to property
          Construction Plans and Specifications
          General Contract
          Cost Breakdown of Construction
          Building Permit/Zoning Approvals etc.




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                                                SPECIAL BORROWER REQUESTS
                                            LIST OF POSSIBLE DATA REQUIREMENTS
          Construction Schedule and Draw Schedule - anticipated occupancy date
          Source of equity funds for out of pocket construction costs
          Guarantee of Completion/Guaranty of Completion Bond
          General Contractors estimate of cost to repair/rebuild
          Insurance Company estimate of Loss
          Copy of recorded mechanics lien
          Information regarding the contract/payment of mechanics lien
          Indemnity Bond for mechanics lien
          Release/discharge of mechanic lien
          Borrower Certification re: No defaults
          Borrower Certification of lien free and completion of construction

                                          INSURANCE, TITLE AND SURVEY INFORMATION
          Amended Survey to evidence - easement, partial release, condemnation, new construction
          ALTA Survey for new property
          Plat Map of Property
          All information relating to title agency/company and contact information
          New title rundown or title update - This is an update to the present policy not a new policy
          Proforma title policy or proforma title endorsement - New Policy or endorsement to old policy
          UCC Lien Search
          Evidence of remaining property being a separate legal parcel
          Tax parcel info for new or remaining property
          Market impact information
          All information relating to property/casualty insurance agency and carrier
          Copy of new insurance coverage

                                   MANAGEMENT AGENT/ ESCROW AGENT INFORMATION
          Information on Third Party Management - synopsis of the management company, no. of properties/type
          managed - company resume
          Escrow Agent information

                                        CONTRACTS, AGREEMENTS AND REPORTS
          Copy of Proposed Management Agreement
          Copy of the 2nd Trust/Mezz commitment letter
          New Engineering Report
          New or Updated Appraisal
          New Environmental Assessement Report
          Information regarding 2nd Trust/Mezz lender
          Copy of Executed Sale Agreement
          Copy of Condemnation Notice
          Condemning Jurisdiction - information
          Partial reconveyance to be signed by Lender/Owner of Loan
          Review & Approval of Easement Agreement including Compensation to be paid to borrower




                                                             APPROVAL

          Letter of recommendation from servicer/mortgage banker/correspondent
          Underwriting/ Write up of Financial Impact of Special Request
          Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC
          No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC
          Approval of Controlling Party - CMBS DEAL SPECIFIC
          Approval of Conduit Lender
          Approval of Whole Loan Lender
          Approval/Conditional letter to Borrower


                                                             CLOSING

          Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
          Collection of Assumption/Consent Fee
          Collection of reimbursement, plus interest if applicable, for all P&I and Property Protection Advances

          Execution of all documents/waivers
          Update of UCC lien search
          Title insurance endorsement/new policy
          Additional requirements of counsel/Lender
          New Insurance Coverage/Endorsement
          Funding of needed escrows
          W-9 form for new borrower
          Tenant Estoppels/Subordinations
          Written Waivers/ Modifications including contractor lien waivers
          L/C draw letter
          Recordation of documents
             Modification Agreement
             Assumption Agreement




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                                                  SPECIAL BORROWER REQUESTS
                                              LIST OF POSSIBLE DATA REQUIREMENTS
             Partial or Full Release
             UCC's
             Plat
             Easement Agreement
             Condemnation Deed
             SNDA
             Memorandum of Lease
             New Mortgage/Deed of Trust
             New Assign of Leases and Rents
             Release of Lien/Judgment
             Intercreditor Agreement
             Extension Agreement

                                                             SERVICING

          Receipt and distribution of Documents
          Updating of Loan Servicing System
          Updating Bank Accounts/Escrow Accounts
          Update Tax Service Contractor
          Hello letter to new parties
          Set up inspection schedule
          Update/endorsements to Insurance Coverage - Flood Certification
          Evidence of Tenant Insurance
          Certificate of Occupancy




                                                             LEGEND

          M = MANDATORY - ALWAYS REQUIRED
          P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE SPECIFIC TRANSACTION,
          DOCUMENTS AND HOLDER OF LOAN




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                                           SPECIAL BORROWER REQUESTS                                            ASSUMPTION
                                              PROCESSING CHECKLIST

                                                  REQUEST RECEIVED

   Request from Borrower/Notification of the event                                                                  M
   Conference call with Borrower and all parties                                                                    P
   Verify loan status - Whether the loan is current in all respects, payments, taxes, insurance coverage and
   escrow requirements; No other non-monetary defaults exist; Are any advances outstanding (P&I,
   Property Protection, etc.)                                                                                       M
   Review Basic Mortgage Loan Documents to verify specific conditions/requirements regarding special
   requests and approval/consent
                                                                                                                    M
   Review File for completeness - Original Environmental, Original Appraisal, Original Title Policy, Original
   Engineers Report, Original Recorded documents - D/T, UCC's, ALRP                                                 M


                                          INITIAL RESPONSE TO BORROWER

   Info request letter to Borrower (see information requirements below)                                             M
   Assumption application                                                                                           P
   Bill Application/Review Fee                                                                                      P
   Bill Assumption/Consent Fee                                                                                      P
   Collect Legal Fee Deposit                                                                                        P



                                               INFORMATION REQUIRED

                                      FINANCIAL INFORMATION-PARTIES
   Current Financials of Current Borrower                                                                           M
   Signed Financials by Partners/Principals of Borrower                                                             P
   Signed Financials of Guarantor(s)                                                                                P
   New Borrower information - This would include Name, Address, Tax ID #, Credit References, Bank
   Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past Management
   EPerience, List of all Real Property Owned, Resume, Credit Check, Cash Flow Statement for all Real
   Estate Holdings                                                                                                  M
   Diagram of proposed ownership structure with percentages of ownership                                            M
   Description and source of equity for purchase of property                                                        M
   New Guarantor information - This would include Name, Address, Tax ID #, Credit References, Bank
   Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past Management
   EPerience, List of all Real Property Owned, Resume, Credit Check                                                 P
   New Key Principals (and Spouses) information - This would include Name, Address, Tax ID #, Credit
   References, Bank Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past
   Management EPerience, List of all Real Property Owned, Resume, Credit Check                                      M


                                        PROPERTY INFORMATION
   Inspection of the Property                                                                                       P
   Current Operating Statements for Property - 2 years                                                              M
   Current Rent Roll for property                                                                                   M
   Funding Sources for new or necessary escrow accounts                                                             P


                                                        OPINIONS
   Opinion of Counsel - Corporate Action                                                                            M
   REMIC opinion letter - CMBS DEAL SPECIFIC                                                                        P

                                            CONSTRUCTION INFORMATION
   Proposed repairs to property                                                                                     P


                                INSURANCE, TITLE AND SURVEY INFORMATION
   All information relating to property/casualty insurance agency and carrier                                       M
   Copy of new insurance coverage                                                                                   M

                          MANAGEMENT AGENT/ ESCROW AGENT INFORMATION
   Information on Third Party Management - synopsis of the management company, no. of properties/type
   managed - company resume                                                                                         M
   Escrow Agent information                                                                                         M


                               CONTRACTS, AGREEMENTS AND REPORTS
   Copy of Proposed Management Agreement                                                                            M
   Copy of the 2nd Trust/Mezz commitment letter                                                                     P
   Copy of Executed Sale Agreement                                                                                  M




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                                           SPECIAL BORROWER REQUESTS                      ASSUMPTION
                                              PROCESSING CHECKLIST

                                                        APPROVAL

   Letter of recommendation from servicer/mortgage banker/correspondent                       M
   Underwriting/ Write up of Financial Impact of Special Request                              M
   Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                   M
   No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                                P
   Approval of Controlling Party - CMBS DEAL SPECIFIC                                         M
   Approval of Conduit Lender                                                                 M
   Approval of Whole Loan Lender                                                              M
   Approval/Conditional letter to Borrower                                                    M



                                                         CLOSING

   Collection and Distribution of all proceeds, fees, escrows by Escrow Agent                 M
   Collection of Assumption/Consent Fee                                                       M
   Execution of all documents/waivers                                                         M
   Update of UCC lien search                                                                  M
   Title insurance endorsement/new policy                                                     M
   Additional requirements of counsel/Lender                                                  P
   New Insurance Coverage/Endorsement                                                         M
   Funding of needed escrows                                                                  M
   W-9 form for new borrower                                                                  M
   Tenant Estoppels/Subordinations                                                            P
   Written Waivers/ Modifications including contractor lien waivers                           P
   L/C draw letter                                                                            P
   Recordation of documents                                                                   M
      Assumption Agreement                                                                    M
      UCC's                                                                                   M

                                                        SERVICING

   Receipt and distribution of Documents                                                      M
   Updating of Loan Servicing System                                                          M
   Updating Bank Accounts/Escrow Accounts                                                     M
   Update Tax Service Contractor                                                              M
   Hello letter to new parties                                                                M
   Set up inspection schedule                                                                 P
   Update/endorsements to Insurance Coverage - Flood Certification                            P



                                                        LEGEND

   M = MANDATORY - ALWAYS REQUIRED
   P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE SPECIFIC TRANSACTION,
   DOCUMENTS AND HOLDER OF LOAN




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                                                                                                 RESTRUCTURING
                                      SPECIAL BORROWER REQUESTS                                  OWNERSHIP OF
                                         PROCESSING CHECKLIST                                      BORROWER


                                              REQUEST RECEIVED

            Request from Borrower/Notification of the event                                            M
            Conference call with Borrower and all parties                                              P
            Verify loan status - Whether the loan is current in all respects, payments, taxes,
            insurance coverage and escrow requirements; No other non-monetary defaults
            exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                       M
            Review Basic Mortgage Loan Documents to verify specific
            conditions/requirements regarding special requests and approval/consent
                                                                                                       M
            Review File for completeness - Original Environmental, Original Appraisal,
            Original Title Policy, Original Engineers Report, Original Recorded documents -
            D/T, UCC's, ALRP                                                                           M


                                     INITIAL RESPONSE TO BORROWER

            Info request letter to Borrower (see information requirements below)                       M
            Assumption application                                                                     P
            Bill Application/Review Fee                                                                P
            Bill Assumption/Consent Fee                                                                P
            Collect Legal Fee Deposit                                                                  P



                                           INFORMATION REQUIRED

                                   FINANCIAL INFORMATION-PARTIES
            Current Financials of Current Borrower                                                     P
            Signed Financials by Partners/Principals of Borrower                                       P
            Signed Financials of Guarantor(s)                                                          P
            Current Operating Statements for Property - 2 years                                        P
            Current Rent Roll for property                                                             P
            Diagram of proposed ownership structure with percentages of ownership                      M
            New Guarantor information - This would include Name, Address, Tax ID #,
            Credit References, Bank Information, Prior 2 years Tax Returns, Copy of all
            entity documents, Resume of Past Management EPerience, List of all Real
            Property Owned, Resume, Credit Check                                                       P
            New Key Principals (and Spouses) information - This would include Name,
            Address, Tax ID #, Credit References, Bank Information, Prior 2 years Tax
            Returns, Copy of all entity documents, Resume of Past Management EPerience,
            List of all Real Property Owned, Resume, Credit Check
                                                                                                       P


                                           PROPERTY INFORMATION
            Inspection of the Property                                                                 P


                                              OPINIONS
            Opinion of Counsel - Corporate Action                                                      M
            REMIC opinion letter - CMBS DEAL SPECIFIC                                                  P


                                                   APPROVAL

            Letter of recommendation from servicer/mortgage banker/correspondent                       M
            Underwriting/ Write up of Financial Impact of Special Request                              M
            Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                   M
            No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                                P
            Approval of Controlling Party - CMBS DEAL SPECIFIC                                         P
            Approval of Conduit Lender                                                                 M
            Approval of Whole Loan Lender                                                              M
            Approval/Conditional letter to Borrower                                                    M



                                                    CLOSING

            Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                       P
            Collection of Assumption/Consent Fee                                                       M
            Execution of all documents/waivers                                                         M
            Update of UCC lien search                                                                  P
            Title insurance endorsement/new policy                                                     P
            New Insurance Coverage/Endorsement                                                         P
            W-9 form for new borrower                                                                  P
            Written Waivers/ Modifications including contractor lien waivers                           P
            L/C draw letter                                                                            P
            Recordation of documents                                                                   P
               Assumption Agreement                                                                    P




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                                                                  RESTRUCTURING
                                      SPECIAL BORROWER REQUESTS   OWNERSHIP OF
                                         PROCESSING CHECKLIST       BORROWER
               UCC's                                                    P




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                                                                              RESTRUCTURING
                                      SPECIAL BORROWER REQUESTS               OWNERSHIP OF
                                         PROCESSING CHECKLIST                   BORROWER
                                               SERVICING

            Receipt and distribution of Documents                                   M
            Updating of Loan Servicing System                                       P
            Updating Bank Accounts/Escrow Accounts                                  P
            Update Tax Service Contractor                                           P
            Hello letter to new parties                                             P
            Set up inspection schedule                                              P
            Update/endorsements to Insurance Coverage - Flood Certification         P



                                                    LEGEND

            M = MANDATORY - ALWAYS REQUIRED
            P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
            SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




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                                            SPECIAL BORROWER REQUESTS                                  EASEMENT
                                               PROCESSING CHECKLIST

                                                   REQUEST RECEIVED

                  Request from Borrower/Notification of the event                                         M
                  Conference call with Borrower and all parties                                           P
                  Verify loan status - Whether the loan is current in all respects, payments, taxes,
                  insurance coverage and escrow requirements; No other non-monetary defaults
                  exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                          M
                  Review Basic Mortgage Loan Documents to verify specific
                  conditions/requirements regarding special requests and approval/consent
                                                                                                          M
                  Review File for completeness - Original Environmental, Original Appraisal,
                  Original Title Policy, Original Engineers Report, Original Recorded documents -
                  D/T, UCC's, ALRP                                                                        M


                                           INITIAL RESPONSE TO BORROWER

                  Info request letter to Borrower (see information requirements below)                    M
                  Bill Application/Review Fee                                                             P
                  Bill Assumption/Consent Fee                                                             P
                  Collect Legal Fee Deposit                                                               P



                                                INFORMATION REQUIRED

                                                PROPERTY INFORMATION
                  Inspection of the Property                                                              P


                                             CONSTRUCTION INFORMATION                                     P
                  Zoning Approval

                                 INSURANCE, TITLE AND SURVEY INFORMATION
                  Amended Survey to evidence easement                                                     M
                  Plat Map of Property                                                                    P
                  Market impact information                                                               P



                                 CONTRACTS, AGREEMENTS AND REPORTS
                  Review & Approval of Easement Agreement including Compensation to be paid
                  to borrower                                                                             M



                                                         APPROVAL

                  Letter of recommendation from servicer/mortgage banker/correspondent                    M
                  Underwriting/ Write up of Financial Impact of Special Request                           M
                  Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                M
                  No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                             P
                  Approval of Controlling Party - CMBS DEAL SPECIFIC                                      P
                  Approval of Conduit Lender                                                              M
                  Approval of Whole Loan Lender                                                           M
                  Approval/Conditional letter to Borrower                                                 M



                                                             CLOSING

                  Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                          P
                  Collection of Assumption/Consent Fee                                                    M
                  Execution of all documents/waivers                                                      M
                  Title insurance endorsement/new policy                                                  M
                  Recordation of documents                                                                M
                     Plat                                                                                 M
                     Easement Agreement                                                                   M

                                                         SERVICING

                  Receipt and distribution of Documents                                                   M
                  Updating of Loan Servicing System                                                       P
                  Update Tax Service Contractor                                                           M
                  Set up inspection schedule                                                              P



                                                             LEGEND

                  M = MANDATORY - ALWAYS REQUIRED




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                                     SPECIAL BORROWER REQUESTS                     EASEMENT
                                        PROCESSING CHECKLIST
                  P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
                  SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




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                                       SPECIAL BORROWER REQUESTS                                     SECONDARY/MEZZ
                                          PROCESSING CHECKLIST                                          FINANCING


                                               REQUEST RECEIVED

         Request from Borrower/Notification of the event                                                   M
         Conference call with Borrower and all parties                                                     P
         Verify loan status - Whether the loan is current in all respects, payments, taxes,
         insurance coverage and escrow requirements; No other non-monetary defaults exist;
         Are any advances outstanding (P&I, Property Protection, etc.)                                     M
         Review Basic Mortgage Loan Documents to verify specific conditions/requirements
         regarding special requests and approval/consent
                                                                                                           M
         Review File for completeness - Original Environmental, Original Appraisal, Original Title
         Policy, Original Engineers Report, Original Recorded documents - D/T, UCC's, ALRP
                                                                                                           M


                                      INITIAL RESPONSE TO BORROWER

         Info request letter to Borrower (see information requirements below)                              M
         Bill Application/Review Fee                                                                       P*
         Bill Assumption/Consent Fee                                                                       P*
         Collect Legal Fee Deposit                                                                         P*



                                            INFORMATION REQUIRED

                                    FINANCIAL INFORMATION-PARTIES
         Current Financials of Current Borrower                                                            P*
         Signed Financials by Partners/Principals of Borrower                                              P*
         Signed Financials of Guarantor(s)                                                                 P*
         Updated Borrower Information - This would include Credit References, Bank
         Information, Prior 2 years Tax Returns, Copy of Entity Documents, Resume of Past
         Management ePerience, List of all Real Property Owned, Resume, Credit Check, Cash
         Flow Statement for all Real Estate holdings                                                       P*
         Updated Guarantor information - This would include Name, Address, Tax ID #, Credit
         References, Bank Information, Prior 2 years Tax Returns, Copy of all entity documents,
         Resume of Past Management EPerience, List of all Real Property Owned, Resume,
         Credit Check                                                                                      P*
         Updated Key Principals (and Spouses) information - This would include Name, Address,
         Tax ID #, Credit References, Bank Information, Prior 2 years Tax Returns, Copy of all
         entity documents, Resume of Past Management EPerience, List of all Real Property
         Owned, Resume, Credit Check                                                                       P*


                                        PROPERTY INFORMATION
         Inspection of the Property                                                                        M
         Current Operating Statements for Property - 2 years                                               M
         Current Rent Roll for property                                                                    M
         Copies of all new or proposed leases                                                              P
         Tenant Financials for Major Lease(s)                                                              P
         Proforma Operating Statement on Property for next 3 years                                         M
         Funding Sources for new or necessary escrow accounts                                              M


                                                     OPINIONS
         Opinion of Counsel - Corporate Action                                                             P

                             CONTRACTS, AGREEMENTS AND REPORTS
         Copy of the 2nd Trust/Mezz commitment letter                                                      M
         New or Updated Appraisal                                                                          M



                                                    APPROVAL

         Letter of recommendation from servicer/mortgage banker/correspondent                              M
         Underwriting/ Write up of Financial Impact of Special Request                                     M
         Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                          M
         No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                                       M
         Approval of Controlling Party - CMBS DEAL SPECIFIC                                                M
         Approval of Conduit Lender                                                                        M
         Approval of Whole Loan Lender                                                                     M
         Approval/Conditional letter to Borrower                                                           M




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                                       SPECIAL BORROWER REQUESTS                      SECONDARY/MEZZ
                                          PROCESSING CHECKLIST                           FINANCING


                                                     CLOSING

         Collection and Distribution of all proceeds, fees, escrows by Escrow Agent         M
         Collection of Assumption/Consent Fee                                               M
         Execution of all documents/waivers                                                 M
         UCC lien search                                                                    M
         Title insurance endorsement/new policy                                             M
         Additional requirements of counsel/Lender                                          P
         New Insurance Coverage/Endorsement                                                 M
         Funding of needed escrows                                                          P
         Tenant Estoppels/Subordinations                                                    P
         Recordation of documents                                                           M
            UCC's                                                                           M
            New Mortgage/Deed of Trust                                                      M
            New Assign of Leases and Rents                                                  M

                                                    SERVICING

         Receipt and distribution of Documents                                              M
         Updating of Loan Servicing System                                                  M
         Updating Bank Accounts/Escrow Accounts                                             P
         Update Tax Service Contractor                                                      P
         Set up inspection schedule                                                         P
         Update/endorsements to Insurance Coverage - Flood Certification                    M



                                                     LEGEND

         M = MANDATORY - ALWAYS REQUIRED
         P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE SPECIFIC
         TRANSACTION, DOCUMENTS AND HOLDER OF LOAN
         * = IN MOST INSTANCES THESE ITEMS WOULD BE REQUIRED HOWEVER, P'S ARE
         NOTED TO COVER INSTANCES THAT ARE PRE-APPROVED IN THE LOAN
         DOCUMENTS




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                                             SPECIAL BORROWER REQUESTS                                  PARTIAL
                                                PROCESSING CHECKLIST                                    RELEASE


                                                    REQUEST RECEIVED

                   Request from Borrower/Notification of the event                                        M
                   Conference call with Borrower and all parties                                           P
                   Verify loan status - Whether the loan is current in all respects, payments, taxes,
                   insurance coverage and escrow requirements; No other non-monetary defaults
                   exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                          M
                   Review Basic Mortgage Loan Documents to verify specific
                   conditions/requirements regarding special requests and approval/consent
                                                                                                          M
                   Review File for completeness - Original Environmental, Original Appraisal,
                   Original Title Policy, Original Engineers Report, Original Recorded documents -
                   D/T, UCC's, ALRP                                                                       M


                                            INITIAL RESPONSE TO BORROWER

                   Info request letter to Borrower (see information requirements below)                   M
                   Bill Application/Review Fee                                                             P
                   Bill Assumption/Consent Fee                                                             P
                   Collect Legal Fee Deposit                                                               P



                                                  INFORMATION REQUIRED

                                              PROPERTY INFORMATION
                   Inspection of the Property                                                              P
                   Current Operating Statements for Property - 2 years                                    M
                   Current Rent Roll for property                                                         M
                   Brokers Price Opinion of Property Value                                                 P


                                                     OPINIONS
                   Opinion of Counsel - Corporate Action                                                   P
                   REMIC opinion letter - CMBS DEAL SPECIFIC                                               P


                                   INSURANCE, TITLE AND SURVEY INFORMATION
                   Amended Survey to evidence partial release                                             M
                   Evidence of remaining property being a separate legal parcel                           M
                   Tax parcel info for new or remaining property                                          M
                   Market impact information                                                               P



                                                             APPROVAL

                   Letter of recommendation from servicer/mortgage banker/correspondent                   M
                   Underwriting/ Write up of Financial Impact of Special Request                          M
                   Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC               M
                   No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                             P
                   Approval of Controlling Party - CMBS DEAL SPECIFIC                                     M
                   Approval of Conduit Lender                                                             M
                   Approval of Whole Loan Lender                                                          M
                   Approval/Conditional letter to Borrower                                                M



                                                             CLOSING

                   Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                          M
                   Collection of Assumption/Consent Fee                                                   M
                   Execution of all documents/waivers                                                     M
                   UCC lien search                                                                        M
                   Title insurance endorsement/new policy                                                 M
                   New Insurance Coverage/Endorsement                                                     M
                   Recordation of Documents                                                               M
                      Partial or Full Release                                                             M
                      Plat                                                                                 P




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                        13
                                             SPECIAL BORROWER REQUESTS              PARTIAL
                                                PROCESSING CHECKLIST                RELEASE


                                                             SERVICING

                   Receipt and distribution of Documents                              M
                   Updating of Loan Servicing System                                   P
                   Updating Bank Accounts/Escrow Accounts                              P
                   Update Tax Service Contractor                                      M
                   Set up inspection schedule                                          P



                                                             LEGEND

                   M = MANDATORY - ALWAYS REQUIRED
                   P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
                   SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                    14
                                         SPECIAL BORROWER REQUESTS                                  CONDEMNATION
                                            PROCESSING CHECKLIST

                                                REQUEST RECEIVED

               Request from Borrower/Notification of the event                                           M
               Conference call with Borrower and all parties                                             P
               Verify loan status - Whether the loan is current in all respects, payments, taxes,
               insurance coverage and escrow requirements; No other non-monetary defaults
               exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                         M
               Review Basic Mortgage Loan Documents to verify specific
               conditions/requirements regarding special requests and approval/consent
                                                                                                         M
               Review File for completeness - Original Environmental, Original Appraisal,
               Original Title Policy, Original Engineers Report, Original Recorded documents -
               D/T, UCC's, ALRP                                                                          M


                                        INITIAL RESPONSE TO BORROWER

               Info request letter to Borrower (see information requirements below)                      M
               Bill Application/Review Fee                                                               P
               Bill Assumption/Consent Fee                                                               P
               Collect Legal Fee Deposit                                                                 P



                                             INFORMATION REQUIRED

                                          PROPERTY INFORMATION
               Inspection of the Property                                                                P
               Current Operating Statements for Property - 2 years                                       M
               Current Rent Roll for property                                                            M
               Brokers Price Opinion of Property Value                                                   P

                               INSURANCE, TITLE AND SURVEY INFORMATION
               Amended Survey to evidence condemnation                                                   M
               Plat Map of Property                                                                      M
               Evidence of remaining property being a separate legal parcel                              M
               Tax parcel info for new or remaining property                                             M
               Market impact information                                                                 P

                                CONTRACTS, AGREEMENTS AND REPORTS
               New or Updated Appraisal                                                                  P
               Copy of Executed Sale Agreement OR Copy of Condemnation Notice                            M
               Condemning Jurisdiction - information                                                     M
               Partial reconveyance to be signed by Lender/Owner of Loan                                 M



                                                      APPROVAL

               Letter of recommendation from servicer/mortgage banker/correspondent                      M
               Underwriting/ Write up of Financial Impact of Special Request                             M
               Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                  M
               No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                               P
               Approval of Controlling Party - CMBS DEAL SPECIFIC                                        P
               Approval of Conduit Lender                                                                M
               Approval of Whole Loan Lender                                                             M
               Approval/Conditional letter to Borrower                                                   M



                                                       CLOSING

               Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                         M
               Collection of Assumption/Consent Fee                                                      M
               Execution of all documents/waivers                                                        M
               Title insurance endorsement/new policy                                                    M
               New Insurance Coverage/Endorsement                                                        M
               Recordation of documents                                                                  M
                  Condemnation Deed                                                                      M




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                         15
                                         SPECIAL BORROWER REQUESTS              CONDEMNATION
                                            PROCESSING CHECKLIST
                                                  SERVICING

               Receipt and distribution of Documents                                 M
               Updating of Loan Servicing System                                     P
               Updating Bank Accounts/Escrow Accounts                                P
               Update Tax Service Contractor                                         M
               Set up inspection schedule                                            P



                                                       LEGEND

               M = MANDATORY - ALWAYS REQUIRED
               P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
               SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                     16
                                         SPECIAL BORROWER REQUESTS                                  MECHANIC LIEN
                                            PROCESSING CHECKLIST                                      DISPUTE


                                                 REQUEST RECEIVED

               Request from Borrower/Notification of the event                                           M
               Conference call with Borrower and all parties                                             P
               Verify loan status - Whether the loan is current in all respects, payments, taxes,
               insurance coverage and escrow requirements; No other non-monetary defaults
               exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                         M
               Review Basic Mortgage Loan Documents to verify specific
               conditions/requirements regarding special requests and approval/consent
                                                                                                         M
               Review File for completeness - Original Environmental, Original Appraisal,
               Original Title Policy, Original Engineers Report, Original Recorded documents -
               D/T, UCC's, ALRP                                                                          M


                                        INITIAL RESPONSE TO BORROWER

               Info request letter to Borrower (see information requirements below)                      M
               Bill Application/Review Fee                                                               P
               Bill Assumption/Consent Fee                                                               P
               Collect Legal Fee Deposit                                                                 P

                                              INFORMATION REQUIRED

                                          PROPERTY INFORMATION
               Inspection of the Property                                                                P
               Current Operating Statements for Property - 2 years                                       M
               Current Rent Roll for property                                                            M
               Funding Sources for new or necessary escrow accounts                                      P

                                       CONSTRUCTION INFORMATION
               Construction Plans and Specifications                                                     P
               General Contract                                                                          P
               Cost Breakdown of Construction                                                            P
               Building Permit/Zoning Approvals etc.                                                     P
               Construction Schedule and Draw Schedule - anticipated occupancy date                      P
               Source of equity funds for out of pocket construction costs                               P
               Guarantee of Completion/Guaranty of Completion Bond                                       P
               Copy of recorded mechanics lien                                                           M
               Information regarding the contract/payment of mechanics lien                              M
               Indemnity Bond for mechanics lien                                                         P
               Borrower Certification of lien free and completion of construction                        M


                               INSURANCE, TITLE AND SURVEY INFORMATION
               All information relating to title agency/company and contact information                  M
               UCC Lien Search                                                                           M

                                                      APPROVAL

               Letter of recommendation from servicer/mortgage banker/correspondent                      M
               Underwriting/ Write up of Financial Impact of Special Request                             M
               Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                  M
               No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                               P
               Approval of Controlling Party - CMBS DEAL SPECIFIC                                        P
               Approval of Conduit Lender                                                                M
               Approval of Whole Loan Lender                                                             M
               Approval/Conditional letter to Borrower                                                   M

                                                       CLOSING

               Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                         M
               Collection of Assumption/Consent Fee                                                      M
               Execution of all documents/waivers                                                        M
               Update of UCC lien search                                                                 M
               Title insurance endorsement/new policy                                                    M
               Recordation of documents                                                                  M
                  Release of Lien/Judgment                                                               M




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                          17
                                         SPECIAL BORROWER REQUESTS              MECHANIC LIEN
                                            PROCESSING CHECKLIST                  DISPUTE
                                                  SERVICING

               Receipt and distribution of Documents                                 M
               Updating of Loan Servicing System                                     P
               Updating Bank Accounts/Escrow Accounts                                P
               Set up inspection schedule                                            P



                                                       LEGEND

               M = MANDATORY - ALWAYS REQUIRED
               P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
               SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                      18
                                                                                                       EXTENSION
                                            SPECIAL BORROWER REQUESTS                                     OF
                                               PROCESSING CHECKLIST                                    MATURITY


                                                   REQUEST RECEIVED

                  Request from Borrower/Notification of the event                                         M
                  Conference call with Borrower and all parties                                           P
                  Verify loan status - Whether the loan is current in all respects, payments, taxes,
                  insurance coverage and escrow requirements; No other non-monetary defaults
                  exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                          M
                  Review Basic Mortgage Loan Documents to verify specific
                  conditions/requirements regarding special requests and approval/consent
                                                                                                          M
                  Review File for completeness - Original Environmental, Original Appraisal,
                  Original Title Policy, Original Engineers Report, Original Recorded documents -
                  D/T, UCC's, ALRP                                                                        M


                                           INITIAL RESPONSE TO BORROWER

                  Info request letter to Borrower (see information requirements below)                    M
                  Bill Application/Review Fee                                                             P
                  Bill Assumption/Consent Fee                                                             P
                  Collect Legal Fee Deposit                                                               P



                                                INFORMATION REQUIRED

                                         FINANCIAL INFORMATION-PARTIES
                  Current Financials of Current Borrower                                                  M
                  Signed Financials by Partners/Principals of Borrower                                    M
                  Signed Financials of Guarantor(s)                                                       M
                  Updated Borrower Information - This would include Credit References, Bank
                  Information, Prior 2 years Tax Returns, Copy of Entity Documents, Resume of
                  Past Management ePerience, List of all Real Property Owned, Resume, Credit
                  Check, Cash Flow Statement for all Real Estate holdings                                 P
                  Updated Guarantor information - This would include Name, Address, Tax ID #,
                  Credit References, Bank Information, Prior 2 years Tax Returns, Copy of all
                  entity documents, Resume of Past Management EPerience, List of all Real
                  Property Owned, Resume, Credit Check                                                    P
                  Updated Key Principals (and Spouses) information - This would include Name,
                  Address, Tax ID #, Credit References, Bank Information, Prior 2 years Tax
                  Returns, Copy of all entity documents, Resume of Past Management EPerience,
                  List of all Real Property Owned, Resume, Credit Check
                                                                                                          P


                                             PROPERTY INFORMATION
                  Inspection of the Property                                                              P
                  Current Operating Statements for Property - 2 years                                     M
                  Current Rent Roll for property                                                          M
                  Proforma Operating Statement on Property for next 3 years                               M
                  Brokers Price Opinion of Property Value                                                 P
                  Funding Sources for new or necessary escrow accounts                                    P


                                                    OPINIONS
                  Opinion of Counsel - Corporate Action                                                   M

                                 CONTRACTS, AGREEMENTS AND REPORTS
                  New or Updated Appraisal                                                                P



                                                         APPROVAL

                  Letter of recommendation from servicer/mortgage banker/correspondent                    M
                  Underwriting/ Write up of Financial Impact of Special Request                           M
                  Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                M
                  No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                             M
                  Approval of Controlling Party - CMBS DEAL SPECIFIC                                      M
                  Approval of Conduit Lender                                                              M
                  Approval of Whole Loan Lender                                                           M
                  Approval/Conditional letter to Borrower                                                 M




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                         19
                                                                                               EXTENSION
                                            SPECIAL BORROWER REQUESTS                             OF
                                               PROCESSING CHECKLIST                            MATURITY


                                                             CLOSING

                  Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                  M
                  Collection of Assumption/Consent Fee                                            M
                  Execution of all documents/waivers                                              M
                  Update of UCC lien search                                                       M
                  Title insurance endorsement/new policy                                          M
                  Funding of needed escrows                                                       P
                  Recordation of documents                                                        M
                     Extension Agreement                                                          M

                                                         SERVICING

                  Receipt and distribution of Documents                                           M
                  Updating of Loan Servicing System                                               M
                  Updating Bank Accounts/Escrow Accounts                                          P
                  Update Tax Service Contractor                                                   M
                  Set up inspection schedule                                                      P



                                                             LEGEND

                  M = MANDATORY - ALWAYS REQUIRED
                  P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
                  SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                 20
                                          SPECIAL BORROWER REQUESTS                                  COLLATERAL
                                             PROCESSING CHECKLIST                                    SUBSTITUTION


                                                 REQUEST RECEIVED

                Request from Borrower/Notification of the event                                           M
                Conference call with Borrower and all parties                                             P
                Verify loan status - Whether the loan is current in all respects, payments, taxes,
                insurance coverage and escrow requirements; No other non-monetary defaults
                exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                          M
                Review Basic Mortgage Loan Documents to verify specific
                conditions/requirements regarding special requests and approval/consent
                                                                                                          M
                Review File for completeness - Original Environmental, Original Appraisal,
                Original Title Policy, Original Engineers Report, Original Recorded documents -
                D/T, UCC's, ALRP                                                                          M


                                         INITIAL RESPONSE TO BORROWER

                Info request letter to Borrower (see information requirements below)                      M
                Bill Application/Review Fee                                                               P
                Bill Assumption/Consent Fee                                                               P
                Collect Legal Fee Deposit                                                                 P



                                               INFORMATION REQUIRED

                                      FINANCIAL INFORMATION-PARTIES
                Current Financials of Current Borrower                                                    M
                Signed Financials by Partners/Principals of Borrower                                      M


                                           PROPERTY INFORMATION
                Inspection of the Property                                                                M
                Current Operating Statements for Property - 2 years                                       M
                Current Operating Statements for new Property - 2 years                                   M
                Certified Income and ePense statement for new property - 2 years                          M
                Current Rent Roll for property                                                            M
                Current Rent Roll for new property                                                        M
                Copies of all new or proposed leases                                                      M
                Tenant Financials for Major Lease(s)                                                      P
                Proforma Operating Statement on new Property for next 3 years                             M
                Funding Sources for new or necessary escrow accounts                                      M


                                                  OPINIONS
                Opinion of Counsel - Corporate Action                                                     M

                                INSURANCE, TITLE AND SURVEY INFORMATION
                ALTA Survey for new property                                                              M
                Plat Map of Property                                                                      M
                Proforma title policy or proforma title endorsement - New Policy or endorsement
                to old policy                                                                             M
                UCC Lien Search                                                                           M
                Evidence of remaining property being a separate legal parcel                              M
                Tax parcel info for new or remaining property                                             M

                           MANAGEMENT AGENT/ ESCROW AGENT INFORMATION
                Information on Third Party Management - synopsis of the management
                company, no. of properties/type managed - company resume                                  M
                Escrow Agent information                                                                  P


                                CONTRACTS, AGREEMENTS AND REPORTS
                Copy of Proposed Management Agreement                                                     M
                New Engineering Report                                                                    M
                New Appraisal                                                                             M
                New Environmental Assessement Report                                                      M
                Copy of Sale Agreement (Current and/or new property)                                      P



                                                       APPROVAL

                Letter of recommendation from servicer/mortgage banker/correspondent                      M
                Underwriting/ Write up of Financial Impact of Special Request                             M
                Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                  M
                No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                               P
                Approval of Controlling Party - CMBS DEAL SPECIFIC                                        M
                Approval of Conduit Lender                                                                M
                Approval of Whole Loan Lender                                                             M
                Approval/Conditional letter to Borrower                                                   M




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                          21
                                          SPECIAL BORROWER REQUESTS                          COLLATERAL
                                             PROCESSING CHECKLIST                            SUBSTITUTION



                                                        CLOSING

                Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                  M
                Collection of Assumption/Consent Fee                                              M
                Execution of all documents/waivers                                                M
                Update of UCC lien search                                                         M
                Title insurance endorsement/new policy                                            M
                New Insurance Coverage/Endorsement                                                M
                Funding of needed escrows                                                         M
                Tenant Estoppels/Subordinations                                                   M
                L/C draw letter                                                                   P
                Recordation of documents                                                          M
                   Partial or Full Release                                                        M
                   New Mortgage/Deed of Trust                                                     M
                   New Assign of Leases and Rents                                                 M

                                                       SERVICING

                Receipt and distribution of Documents                                             M
                Updating of Loan Servicing System                                                 M
                Updating Bank Accounts/Escrow Accounts                                            M
                Update Tax Service Contractor                                                     M
                Hello letter to new parties                                                       P
                Set up inspection schedule                                                        P
                Evidence of Tenant Insurance                                                      M
                Certificate of Occupancy                                                          M



                                                        LEGEND

                M = MANDATORY - ALWAYS REQUIRED
                P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
                SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                  22
                                        SPECIAL BORROWER REQUESTS                                  ADDITIONAL LOAN
                                           PROCESSING CHECKLIST                                       ADVANCE


                                               REQUEST RECEIVED

              Request from Borrower/Notification of the event                                            M
              Conference call with Borrower and all parties                                              P
              Verify loan status - Whether the loan is current in all respects, payments, taxes,
              insurance coverage and escrow requirements; No other non-monetary defaults
              exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                         M
              Review Basic Mortgage Loan Documents to verify specific
              conditions/requirements regarding special requests and approval/consent
                                                                                                         M
              Review File for completeness - Original Environmental, Original Appraisal,
              Original Title Policy, Original Engineers Report, Original Recorded documents -
              D/T, UCC's, ALRP                                                                           M


                                       INITIAL RESPONSE TO BORROWER

              Info request letter to Borrower (see information requirements below)                       M
              Bill Application/Review Fee                                                                P
              Bill Assumption/Consent Fee                                                                P
              Collect Legal Fee Deposit                                                                  P



                                            INFORMATION REQUIRED

                                     FINANCIAL INFORMATION-PARTIES
              Current Financials of Current Borrower                                                     M
              Signed Financials by Partners/Principals of Borrower                                       M
              Signed Financials of Guarantor(s)                                                          M
              Updated Borrower Information - This would include Credit References, Bank
              Information, Prior 2 years Tax Returns, Copy of Entity Documents, Resume of
              Past Management ePerience, List of all Real Property Owned, Resume, Credit
              Check, Cash Flow Statement for all Real Estate holdings                                    M


                                         PROPERTY INFORMATION
              Inspection of the Property                                                                 M
              Current Operating Statements for Property - 2 years                                        M
              Current Rent Roll for property                                                             M
              Proforma Operating Statement on Property for next 3 years                                  M
              Funding Sources for new or necessary escrow accounts                                       M


                                                OPINIONS
              Opinion of Counsel - Corporate Action                                                      M



                              INSURANCE, TITLE AND SURVEY INFORMATION
              New title rundown or title update - This is an update to the present policy not a
              new policy                                                                                 P
              Proforma title policy or proforma title endorsement - New Policy or endorsement
              to old policy                                                                              M
              UCC Lien Search                                                                            P



                             CONTRACTS, AGREEMENTS AND REPORTS
              New Engineering Report                                                                     P
              New or Updated Appraisal                                                                   M



                                                     APPROVAL

              Letter of recommendation from servicer/mortgage banker/correspondent                       M
              Underwriting/ Write up of Financial Impact of Special Request                              M
              Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                   M
              Approval of Conduit Lender                                                                 M
              Approval of Whole Loan Lender                                                              M
              Approval/Conditional letter to Borrower                                                    M




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                           23
                                        SPECIAL BORROWER REQUESTS                          ADDITIONAL LOAN
                                           PROCESSING CHECKLIST                               ADVANCE


                                                      CLOSING

              Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                 M
              Collection of Assumption/Consent Fee                                               M
              Execution of all documents/waivers                                                 M
              Update of UCC lien search                                                          M
              Title insurance endorsement/new policy                                             M
              New Insurance Coverage/Endorsement                                                 P
              Funding of needed escrows                                                          P
              Tenant Estoppels/Subordinations                                                    P
              Recordation of documents                                                           M
                 Modification Agreement                                                          M
                 UCC's                                                                           M

                                                     SERVICING

              Receipt and distribution of Documents                                              M
              Updating of Loan Servicing System                                                  M
              Updating Bank Accounts/Escrow Accounts                                             M
              Set up inspection schedule                                                         P
              Evidence of Tenant Insurance                                                       P
              Certificate of Occupancy                                                           P



                                                      LEGEND

              M = MANDATORY - ALWAYS REQUIRED
              P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
              SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                   24
                                                                                                       LOAN
                                        SPECIAL BORROWER REQUESTS                                  RESTRUCTURING-
                                           PROCESSING CHECKLIST                                      WORKOUT


                                                REQUEST RECEIVED

              Request from Borrower/Notification of the event                                            M
              Conference call with Borrower and all parties                                              P
              Verify loan status - Whether the loan is current in all respects, payments, taxes,
              insurance coverage and escrow requirements; No other non-monetary defaults
              exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                         M
              Review Basic Mortgage Loan Documents to verify specific
              conditions/requirements regarding special requests and approval/consent
                                                                                                         M
              Review File for completeness - Original Environmental, Original Appraisal,
              Original Title Policy, Original Engineers Report, Original Recorded documents -
              D/T, UCC's, ALRP                                                                           M


                                       INITIAL RESPONSE TO BORROWER

              Info request letter to Borrower (see information requirements below)                       M
              Bill Application/Review Fee                                                                P
              Bill Assumption/Consent Fee                                                                P
              Collect Legal Fee Deposit                                                                  P



                                             INFORMATION REQUIRED

                                     FINANCIAL INFORMATION-PARTIES
              Current Financials of Current Borrower                                                     M
              Signed Financials by Partners/Principals of Borrower                                       M
              Signed Financials of Guarantor(s)                                                          M
              Updated Borrower Information - This would include Credit References, Bank
              Information, Prior 2 years Tax Returns, Copy of Entity Documents, Resume of
              Past Management ePerience, List of all Real Property Owned, Resume, Credit
              Check, Cash Flow Statement for all Real Estate holdings                                    M
              Updated Guarantor information - This would include Name, Address, Tax ID #,
              Credit References, Bank Information, Prior 2 years Tax Returns, Copy of all
              entity documents, Resume of Past Management EPerience, List of all Real
              Property Owned, Resume, Credit Check                                                       M
              Updated Key Principals (and Spouses) information - This would include Name,
              Address, Tax ID #, Credit References, Bank Information, Prior 2 years Tax
              Returns, Copy of all entity documents, Resume of Past Management EPerience,
              List of all Real Property Owned, Resume, Credit Check
                                                                                                         M


                                         PROPERTY INFORMATION
              Inspection of the Property                                                                 M
              Current Operating Statements for Property - 2 years                                        M
              Current Rent Roll for property                                                             M
              Copies of all new or proposed leases                                                       M
              Tenant Financials for Major Lease(s)                                                       M
              Proforma Operating Statement on Property for next 3 years                                  M
              Brokers Price Opinion of Property Value                                                    M
              Funding Sources for new or necessary escrow accounts                                       P


                                                OPINIONS
              Opinion of Counsel - Corporate Action                                                      M
              REMIC opinion letter - CMBS DEAL SPECIFIC                                                  M

                              INSURANCE, TITLE AND SURVEY INFORMATION
              New title rundown or title update - This is an update to the present policy not a
              new policy                                                                                 M
              Proforma title policy or proforma title endorsement - New Policy or endorsement
              to old policy                                                                              M
              UCC Lien Search                                                                            M

                             CONTRACTS, AGREEMENTS AND REPORTS
              Copy of Proposed Management Agreement                                                      P
              New Engineering Report                                                                     P
              New or Updated Appraisal or Brokers Opinion of Value                                       M
              New Environmental Assessement Report                                                       P




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                          25
                                                                                                       LOAN
                                        SPECIAL BORROWER REQUESTS                                  RESTRUCTURING-
                                           PROCESSING CHECKLIST                                      WORKOUT


                                                     APPROVAL

              Letter of recommendation from servicer/mortgage banker/correspondent                       M
              Underwriting/ Write up of Financial Impact of Special Request                              M
              Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                   M
              No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                                P
              Approval of Controlling Party - CMBS DEAL SPECIFIC                                         M
              Approval of Conduit Lender                                                                 M
              Approval of Whole Loan Lender                                                              M
              Approval/Conditional letter to Borrower                                                    M



                                                      CLOSING

              Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                         M
              Collection of Assumption/Consent Fee                                                       P
              Collection of reimbursement, plus interest if applicable, for all P&I and Property
              Protection Advances                                                                        M
              Execution of all documents/waivers                                                         M
              Update of UCC lien search                                                                  M
              Title insurance endorsement/new policy                                                     M
              Funding of needed escrows                                                                  P
              Tenant Estoppels/Subordinations                                                            P
              L/C draw letter                                                                            P
              Recordation of documents                                                                   M
                 Modification Agreement                                                                  M

                                                     SERVICING

              Receipt and distribution of Documents                                                      M
              Updating of Loan Servicing System                                                          M
              Updating Bank Accounts/Escrow Accounts                                                     M
              Update Tax Service Contractor                                                              P
              Hello letter to new parties                                                                P
              Set up inspection schedule                                                                 P



                                                      LEGEND

              M = MANDATORY - ALWAYS REQUIRED
              P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
              SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                          26
                                       SPECIAL BORROWER REQUESTS                                    HOLDBACKS
                                          PROCESSING CHECKLIST                                    SPECIAL RESERVES


                                              REQUEST RECEIVED

             Request from Borrower/Notification of the event                                             M
             Conference call with Borrower and all parties                                               P
             Verify loan status - Whether the loan is current in all respects, payments, taxes,
             insurance coverage and escrow requirements; No other non-monetary defaults
             exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                         M
             Review Basic Mortgage Loan Documents to verify specific
             conditions/requirements regarding special requests and approval/consent
                                                                                                         M
             Review File for completeness - Original Environmental, Original Appraisal,
             Original Title Policy, Original Engineers Report, Original Recorded documents -
             D/T, UCC's, ALRP                                                                            M


                                      INITIAL RESPONSE TO BORROWER

             Info request letter to Borrower (see information requirements below)                        M
             Bill Application/Review Fee                                                                 P



                                            INFORMATION REQUIRED

                                        PROPERTY INFORMATION
             Inspection of the Property                                                                  M
             Current Operating Statements for Property - 2 years                                         P
             Current Rent Roll for property                                                              P
             Copies of all new or proposed leases                                                        P

                                     CONSTRUCTION INFORMATION
             Construction Plans and Specifications                                                       P
             General Contract                                                                            P
             Cost Breakdown of Construction                                                              P
             Building Permit/Zoning Approvals etc.                                                       P
             Construction Schedule and Draw Schedule - anticipated occupancy date                        P
             Borrower Certification re: No defaults                                                      P
             Borrower Certification of lien free and completion of construction                          M



                                                    APPROVAL

             Letter of recommendation from servicer/mortgage banker/correspondent                        M
             Underwriting/ Write up of Financial Impact of Special Request                               M
             Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                    M
             No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                                 P
             Approval of Controlling Party - CMBS DEAL SPECIFIC                                          P
             Approval of Conduit Lender                                                                  M
             Approval of Whole Loan Lender                                                               M
             Approval/Conditional letter to Borrower                                                     M



                                                     CLOSING

             Execution of all documents/waivers                                                          M
             UCC lien search                                                                             M
             Title insurance endorsement/new policy                                                      M
             Funding of needed escrows                                                                   P
             Tenant Estoppels/Subordinations                                                             P
             L/C draw letter                                                                             P

                                                    SERVICING

             Receipt and distribution of Documents                                                       M
             Updating of Loan Servicing System                                                           M
             Updating Bank Accounts/Escrow Accounts                                                      M




                                                     LEGEND

             M = MANDATORY - ALWAYS REQUIRED
             P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
             SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                           27
                                          SPECIAL BORROWER REQUESTS                                  LEASE REVIEW
                                             PROCESSING CHECKLIST

                                                 REQUEST RECEIVED

                Request from Borrower/Notification of the event                                           M
                Conference call with Borrower and all parties                                             P
                Verify loan status - Whether the loan is current in all respects, payments, taxes,
                insurance coverage and escrow requirements; No other non-monetary defaults
                exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                          M
                Review Basic Mortgage Loan Documents to verify specific
                conditions/requirements regarding special requests and approval/consent
                                                                                                          M
                Review File for completeness - Original Environmental, Original Appraisal,
                Original Title Policy, Original Engineers Report, Original Recorded documents -
                D/T, UCC's, ALRP                                                                          M


                                         INITIAL RESPONSE TO BORROWER

                Info request letter to Borrower (see information requirements below)                      M
                Bill Application/Review Fee                                                               P
                Collect Legal Fee Deposit                                                                 P



                                               INFORMATION REQUIRED


                                           PROPERTY INFORMATION
                Inspection of the Property                                                                P
                Current Rent Roll for property                                                            M
                Copies of all new or proposed leases                                                      M
                Information re proposed tenancy/leases                                                    P
                Tenant Financials for Major Lease(s)                                                      M
                Proforma Operating Statement on Property for next 3 years                                 P



                                        CONSTRUCTION INFORMATION
                Cost Breakdown of Construction                                                            P
                Construction Schedule and Draw Schedule - anticipated occupancy date                      P
                Source of equity funds for out of pocket construction costs                               P
                Borrower Certification of lien free and completion of construction                        M



                                                       APPROVAL

                Letter of recommendation from servicer/mortgage banker/correspondent                      M
                Underwriting/ Write up of Financial Impact of Special Request                             M
                Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                  M
                No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                               P
                Approval of Controlling Party - CMBS DEAL SPECIFIC                                        P
                Approval of Conduit Lender                                                                M
                Approval of Whole Loan Lender                                                             M
                Approval/Conditional letter to Borrower                                                   M



                                                        CLOSING

                Collection of Assumption/Consent Fee                                                      P
                Execution of all documents/waivers                                                        M
                New Insurance Coverage/Endorsement                                                        P
                Funding of needed escrows                                                                 P
                Tenant Estoppels/Subordinations                                                           P
                Written Waivers/ Modifications including contractor lien waivers                          M
                Recordation of documents                                                                  M
                  SNDA                                                                                    M
                  Memorandum of Lease                                                                     P
                  New Assign of Leases and Rents                                                          P




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                          28
                                          SPECIAL BORROWER REQUESTS              LEASE REVIEW
                                             PROCESSING CHECKLIST
                                                   SERVICING

                Receipt and distribution of Documents                                 M
                Updating of Loan Servicing System                                     M
                Updating Bank Accounts/Escrow Accounts                                P
                Evidence of Tenant Insurance                                          M
                Certificate of Occupancy                                              M



                                                        LEGEND

                M = MANDATORY - ALWAYS REQUIRED
                P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
                SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                      29
                                        SPECIAL BORROWER REQUESTS                                   INSURANCE LOSS
                                           PROCESSING CHECKLIST

                                                REQUEST RECEIVED

               Request from Borrower/Notification of the event                                            M
               Conference call with Borrower and all parties                                              P
               Verify loan status - Whether the loan is current in all respects, payments, taxes,
               insurance coverage and escrow requirements; No other non-monetary defaults
               exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                          M
               Review Basic Mortgage Loan Documents to verify specific
               conditions/requirements regarding special requests and approval/consent
                                                                                                          M
               Review File for completeness - Original Environmental, Original Appraisal,
               Original Title Policy, Original Engineers Report, Original Recorded documents -
               D/T, UCC's, ALRP                                                                           M


                                       INITIAL RESPONSE TO BORROWER

               Info request letter to Borrower (see information requirements below)                       M



                                             INFORMATION REQUIRED

                                             PROPERTY INFORMATION
               Inspection of the Property                                                                 M

                                       CONSTRUCTION INFORMATION
               Proposed repairs to property                                                               M
               Construction Plans and Specifications                                                      P
               General Contract                                                                           P
               Cost Breakdown of Construction                                                             P
               Building Permit/Zoning Approvals etc.                                                      P
               Construction Schedule and Draw Schedule - anticipated occupancy date                       P
               Source of equity funds for out of pocket construction costs                                P
               Guarantee of Completion/Guaranty of Completion Bond                                        P
               General Contractors estimate of cost to repair/rebuild                                     M
               Insurance Company estimate of Loss                                                         M
               Copy of recorded mechanics lien                                                            M
               Information regarding the contract/payment of mechanics lien                               M
               Borrower Certification of lien free and completion of construction                         M


                               INSURANCE, TITLE AND SURVEY INFORMATION
               All information relating to property/casualty insurance agency and carrier                 M

                              CONTRACTS, AGREEMENTS AND REPORTS
               New Engineering Report                                                                     P
               New Environmental Assessement Report                                                       P



                                                     APPROVAL

               Letter of recommendation from servicer/mortgage banker/correspondent                       M
               Underwriting/ Write up of Financial Impact of Special Request                              M
               Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                   M
               Approval of Conduit Lender                                                                 M
               Approval of Whole Loan Lender                                                              M
               Approval/Conditional letter to Borrower                                                    M

                                                       CLOSING

               Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                          M
               Execution of all documents/waivers                                                         M
               Update of UCC lien search                                                                  M
               Title insurance endorsement/new policy                                                     P
               New Insurance Coverage/Endorsement                                                         M
               Written Waivers/ Modifications including contractor lien waivers                           P




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                           30
                                        SPECIAL BORROWER REQUESTS               INSURANCE LOSS
                                           PROCESSING CHECKLIST
                                                 SERVICING

               Receipt and distribution of Documents                                  M
               Updating of Loan Servicing System                                      M
               Updating Bank Accounts/Escrow Accounts                                 M
               Set up inspection schedule                                             M




                                                      LEGEND

               M = MANDATORY - ALWAYS REQUIRED
               P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
               SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                       31
                                   SPECIAL BORROWER REQUESTS                                     LETTER OF CREDIT
                                      PROCESSING CHECKLIST                                     RELEASE OR DRAW DOWN


                                           REQUEST RECEIVED

          Request from Borrower/Notification of the event                                               M
          Conference call with Borrower and all parties                                                 P
          Verify loan status - Whether the loan is current in all respects, payments, taxes,
          insurance coverage and escrow requirements; No other non-monetary defaults
          exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                        M
          Review Basic Mortgage Loan Documents to verify specific
          conditions/requirements regarding special requests and approval/consent
                                                                                                        M
          Review File for completeness - Original Environmental, Original Appraisal,
          Original Title Policy, Original Engineers Report, Original Recorded documents -
          D/T, UCC's, ALRP                                                                              M


                                  INITIAL RESPONSE TO BORROWER

          Info request letter to Borrower (see information requirements below)                          M
          Bill Application/Review Fee                                                                   P
          Collect Legal Fee Deposit                                                                     P



                                        INFORMATION REQUIRED

                                     PROPERTY INFORMATION
          Inspection of the Property                                                                    P
          Current Operating Statements for Property - 2 years                                           M
          Current Rent Roll for property                                                                M
          Copies of all new or proposed leases                                                          P
          Information re proposed tenancy/leases                                                        P
          Proforma Operating Statement on Property for next 3 years                                     M




                                                 APPROVAL

          Letter of recommendation from servicer/mortgage banker/correspondent                          M
          Underwriting/ Write up of Financial Impact of Special Request                                 M
          Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                      M
          Approval of Conduit Lender                                                                    M
          Approval of Whole Loan Lender                                                                 M
          Approval/Conditional letter to Borrower                                                       M



                                                  CLOSING

          Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                        P
          L/C draw letter                                                                               M

                                                 SERVICING

          Updating of Loan Servicing System                                                             M
          Updating Bank Accounts/Escrow Accounts                                                        P
          Set up inspection schedule                                                                    P



                                                 LEGEND

          M = MANDATORY - ALWAYS REQUIRED
          P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
          SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




11/13/201010:26 PM5a16644e-6eaa-4639-8137-63e99052fec2.xls                                                            32

				
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posted:11/14/2010
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Description: Contractor Lien document sample