Statement of Compliance

For Period ending December 31,
2012





Re: Transactions per Attachment A



I, Diane Haislip, in my capacity as
Senior Vice President of KeyCorp Real Estate Capital Markets, Inc. (KRECM), do hereby state that:





| | • | A review of the Primary Servicing and Master Servicing activities of KRECM during the above stated
period and of its performance, under the Agreement(s), has been made under my supervision and,
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | • | To the best of my knowledge, based on such review, KRECM has fulfilled all of its obligations under
the Agreement in all material respects throughout the reporting period.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------





|By: /s/ Diane Haislip                |  | Date: 3/12/13
|------------------------------------ |  | -------------
|Diane Haislip, Senior Vice President |  |              
|                                     |  |              











---

11501 Outlook, Suite 300, Overland Park,
KS 66211
Toll Free (888) 979-1200 • Direct (913) 317-4559 • www.keybank.com











KeyCorp Real Estate Capital Markets,
Inc.

Asset Backed Transactions Covered
by Platform

For the period of January 1 through
December 31, 2012

Attachment A



|Commercial Mortgage Pass
        Through Certificates
        
        AMRS-RM1
        ASC 1997-D5
        BACM 2000-2
        BACM 2003-2
        BACM 2005-3
        BACM 2005-5
        BACM 2006-1
        BACM 2008-1
        BACM 2010-K7
        BALL 2004 BBA4 SS
        BALL 2007 BMB1
        BALL 2007 BMB1 SS
        BAML 2012-K21
        BAMLCM 2011-K13
        BAMLCM 2011 K704
        BAMLCM 2011-KAIV
        BAMLL 2012-CLRN
        BAMLL 2012-CLRN MZ
        BCMS 2012-K17
        BCMS 2012-K19
        BCMS 2012-K708
        BOA 2001-PB1
        BOA 2002-2
        BOA 2003-1
        BS 1998-C1
        BS 1999-C1
        BS 2002-TOP8
        CBA MEZZ 2004 C1
        CD 2007 CD5
        CGCMT 2007-FL3
        CHASE 1997-C2
        CHASE 1998-1
        COMM 1999-C1
        COMM 2000-C1
        COMM 2007-C9
        COMM 2012-LTRT
        COMM 2012 CCRE5
        CS 2006 TFL2
        CS 2006 TFL2 SAVA
        CS 2007 TFL1
        CS 2007 TFL2
        CSFB 1998-C1
        CSFB 2001-CK1
        CSFB 2001-CK3
        CSFB 2001-CK6
        CSFB 2001-CKN5
        CSFB 2002-CKN2 | CSFB 2002-CKP1
        CSFB 2002-CKS4
        CSFB 2002-CP3
        CSFB 2003-C3
        CSFB 2003-CK2
        CSFB 2006 OMA
        CSFB 2007 C1 CL
        CSFB 2007 C5 CL
        CSFBCM 2003-C4
        CSFBCM 2003-C5
        CSFBCM 2004-C1
        CSFBCM 2004-C2
        CSFBMSC 2004-C5
        CSFBMSC 2004-C4
        CSFBMSC 2005-C2
        CSFBMSC 2005-C4
        CSFBMSC 2005-C6
        CSFBMSC 2006-C1
        CSFBMSC 2012-KP01
        CSFBMSC 2012-K705
        CSMC 2008-C1
        CSMSC 2006 C5
        CSMSC 2006-C4
        CSMSC 2007 C2
        CSMSC 2007 C3
        CSMSC 2007 C4
        CSMSC 2007 C5
        DLJ 1997-CF2
        DLJ 1998-CF1
        DLJ 1998-CF2
        DLJ 2000-CKP1
        DLJ 98CF2
        DMARC 1998-C1
        DMARC 2009-K4
        DMARC 2011-K11
        DMARC 2011-K16
        Exmoor 2008-1
        FULBBA 1998-C2
        FREMF 2010-K5 SS
        FREMF 2010-K9 SS
        FREMF 2011-K703 SS
        FREMF 2012-K20 SS
        FREMF 2012-K22
        FREMF 2012-K501 SS
        FREMF 2012-K705 SS
        FREMF 2012-K706 SS
        FREMF 2012-K709 SS
        GCCF 2004-GG1
        GE 2003-C2
        GECCMC 2002-3 | GECCMC 2003-C1
        GECMC 2007-C1
        GFT 1998-C1
        GMAC 2003-C1
        GMACC 2003-C2
        GS 2007 GG11
        GSMCII 2004-IQ7
        GSMS 2012-GCJ7
        GSMS 2012-GCJ9
        GSMSC 2010-K8
        GSMSC 2012 GC6
        GSMSCII 2003-C1
        GSMSCII 2004-GG2
        JP Morgan 2002-C3
        JPM 2007 CIBC20
        JPM 2009-IWST
        JPM 2010-CNTR
        JPM 2011-K10
        JPMC 2010-K6
        JPMCC 2005-LDP4
        JPMCC 2007 CIBC18
        JPMCC 2011-C3
        JPMCC 2011-C5
        JPMCC 2011-K14
        JPMCC 2011-K702
        JPMCC 2012-C8
        JPMCC 2012-FL2
        JPMCC 2012-HSBC
        JPMCC 2012-K18
        JPMCC 2012-K23
        JPMCC 2012-K706
        JPMCC 2012-K710
        JPMCC 2012-KF01
        JPMCC 2012-WLDN
        KEY 2000-C1
        KEY 2007-SL1
        LBCMT 2007 C3
        LBCMT 98-C1
        LBUBS 2000-C4
        LBUBS 2006 C7
        LBUBS 2007 C1
        LBUBS 2007 C2
        LBUBS 2007-C6
        LBUBS 2007-C7
        Lehman LLF 2007 C5
        Maiden Lane 2008-1
        MCFI 1998-MC2
        MLCFC 2006-2
        MLCFC 2007-5
        MLCFC 2007-8
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Page 1 of 4









KeyCorpRealEstate CapitalMarkets
Inc.-Management’sAssertionRegAB

AttachmentA-Continued



|Commercial Mortgage Pass
        Through Certificates
        continued
        
        MLCFC 2007-9
        MLFT 2006-1
        MLMI 1999-C1
        MLMT 2003-KEY1
        MLMT 2004 MKB1
        MLMT 2004-KEY2
        MLMT 2005 CKI1
        MLMT 2005 LC1
        MLMT 2005 MKB2
        MLMT 2007 C1
        MLMT 2008 C1
        MOTEL 6 2012-MTL6
        MSBAM 2012-CKSV
        MSC 1999-CAM1
        MSC 2007 IQ16
        MSCI 1998 WF2
        MSCI 1999 WF1
        MSCI 2008 TOP29
        MSCI 2011-K701
        MSCII 2003-IQ6
        MSCII 2004-IQ8
        MSCII 2005-IQ9
        MSCII 2012-K20
        MSDWCI 2002-IQ2
        NB FNMA 1995 M2
        NB FNMA 1996-M5
        NL 1999-1
        NL 1999-2
        NL 1999-SL
        PMAC 1999-C1
        PSSFC 1998 C-1
        PSSFC 1999 C-2
        PSSFC 1999 NRF-1
        RCMC 2012 CREL1
        SBMS 2000-C2
        SBMS 2002-Key2
        UBS 2012-C1
        UBS CCMT 2011 C1
        UBS-BAMLL 2012-WRM
        WBCMT 2006-C27
        WBCMT 2007 C30
        Wells 2003-PWR1
        WFCMS 2011-K12
        WFCMS 2011K15
        WFCMS 2011-K703
        WFCMS 2012-K709
        WFCMS 2012-K711
        WMCMS 2003-C1
        WMCMS 2005-C1
        WMCMS 2006-SL1
        WMCMS 2007-SL2
        WMCMS 2007-SL3 | WMGMT 2001-1
        WVMT 2011-SBC1
        WVMT 2011-SBC2
        WVMT 2011-SBC3
        
        Conduit
        Barclays Fixed
        Barclays Floaters
        Bear Stearns Funding Inc
        BS WH CAP TRUST INC
        CAM 02-02
        CBA Mezz Cap
        CDC Warehouse
        CFLW LRP Landesbank
        Citigroup WH Fixed
        Citigroup WH Floaters
        Column Financial Inc
        COLUMN LARGE WH
        CSFB Interim
        DBS WH
        First Union
        GACC WH
        JBC Funds JHC Mezz LLC
        LEHMAN WH KBC BK
        ORIX WH
        ORIX WH CHICAGO
        
        CDO
        Highland Park CDO I
        HMI I-CRE CDO 2007-1
        RCMC 2012 CREL1
        
        Agency
        Fannie Mae Negotiated Sold
        FNMA - Direct Bond
        FNMA - DMBS
        FNMA - DUS
        FNMA - DUS ARM
        FNMA - MBS
        FNMA - MBS A/360
        FNMA - Struct. Cash Facil.
        FNMA DUS CMA A_360
        FNMA MBS/DUS 1
        FNMA MBS/DUS 2
        FNMA Negotiated MBS
        FNMA-Cash DUS
        FNMA-DUS PFP MBS FX
        FHLMC - 45 Day LNS
        FHLMC - Others
        FHLMC - Credit Facility
        FHLMC Others - ARM
        Freddie Mac CRE
        FreddieMac CRE ARM
        Ginnie Mae
        GINNIE MAE - USDA
        GNMA I | Fund
        HMI Fund
        
        Life/Pension
        Colorado County
        COVA-MO
        Country Life
        Country Life CTL
        FLAC
        Forethought
        Gold 01-1
        Golden Rule
        Greenway
        Hartford Acc and Ind Co
        Hartford Casualty Ins Co
        Hartford Fire Ins Co
        Hartford Illinois
        Hartford L&A
        Harford Life
        Hartford Life Ann Ins Co
        Harford Mezz Fund
        Htfd Acc Ind Co-Htfd Org
        Htfd Ins Co Ill- Htfd Org
        Htfd Lf An Ins Co – Org
        Htfd Life Ins Co – Htfd Org
        John Hancock
        PPM America
        Lafayette Life
        RGA Keyport
        RGA RE
        RGA RE US Mortality
        RGA Security Life of Denve
        RGA Timberlake
        RGA Wachovia
        Royal Neighbors Of America
        Security Mutual
        Symetra Life Insurance Co
        SA06
        SA45
        WASH-U
        
        Small CMD
        Bank of Internet USA
        
        Third Party
        111 Debt Acquisition MZ DAL
        116 Huntington Mezz Hold
        280P Mezz Holdings
        Aareal
        Admiral Insurance Company
        Aegon
        AFL-CIO
        AIB Debt Management
        AIB Debt Management LLC
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Page 2 of 4









KeyCorpRealEstate CapitalMarkets
Inc.-Management’sAssertionRegAB

AttachmentA-Continued



|Third Party continued
        
        AIDEA
        AIG
        Albany Local Develop Corp
        Allied Irish Bank
        Allstate Life Ins Co
        American Bank
        American Bank of NJ
        American Equity Inv Life
        American Fidelity Assur Co
        Anchor Bank
        Aozora Bank Ltd
        Apollo Global Real Estate
        Arbor Realty Trust Inc
        ARC Debt 5B LLC
        Ashford Hospitality
        AStar
        Athene Annuity Life
        Atlas Venture I, LLC
        Baker Land Company
        Banco Inbursa SA
        Banif Finance Corp
        Bank Leumi USA
        Bank of America
        Bank of St. Augustine
        Bank of Tokyo-Mitisubishi
        Barclays Capital REF Inc
        Bayerische Landesbank
        BBVA
        Bear Stearns Funding
        Berkley Insurance
        BH Hotel Holdings LP
        Blackrock Financial Mgmt
        Blackrock Granite Prop Fun
        Blackrock Granite Property
        BMO Harris Bank NA
        Botticelli LLC
        BPD Bank
        Brascan Structured Notes
        BRE/CW Portfolio LLC
        BREF One LLC
        BREF One LLC Series A
        Brookdale Funding Co Inc
        Brookfield Financial
        BVF-II Enclave Lender
        Cadim Note Inc.
        Calyon New York
        CapitalSource Bank
        Capmark Bank
        Carbon Capital II-B LLC
        Carbon Capital II CDO 05-1
        CBA Mezzanine Capital DAL
        CBRE Realty Finance
        Centennial Bank
        Central Pacific Bank | CFG Mezz Loan Acq Co
        Chase Manhattan Bank
        CIBC Inc.
        CIM 9901 La Cienega LP
        Citibank Corporate Loans
        Columbia Pacific CS Repo
        Columbia Pacific Mgmt
        Columbian Life
        Columbus Nova
        Community Central Bank
        Community Federal Savings
        Concord Real Estate CDO 06
        Continental Casualty Co
        CP III Rincon Towers Inc
        CreXus Investment Corp
        CS Brookfield
        CSH San Marcos Cove LLC
        CT RE CDO 2005-1
        Cypress Real Estate Adv
        Dawn Grantor Trust
        DB Swirn
        Deka
        Dekabank Deutsche Girozent
        Deutsche Genossenschafts
        Deutsche Hypothekenbank
        DiamondRock Allerton Owner
        Dime Savings Bank
        DLJ Real Estate Capital
        DOF 2 Mezz Sub (Bay)LLC
        Domain Capital Advisors
        Dusseldorfer Hypotheken
        Eastern Development
        Elliott Associates LP
        Emigrant Realty Finance
        Esquire Mezzanine Finance
        EUROHYPO
        Falcon Capital Partners I
        FCP Georgian Towers, LLC
        FDIC
        Fidelity
        First Federal of SC
        First Federal of S Carolina
        First Federal SB of IA
        First National Bank of NY
        Five Mile Capital
        Five Mile Capital DAL
        Flagstar Bank FSB
        Flatbush Federal Savings
        Flushing Savings Bank
        Fortress Credit
        GACC-Kennedy Wilson 2010
        GACC-KennedyWilson 2011
        GACC-Spring Asset Fnd CDO
        Galante Holdings Inc
        GE Business Financial Serv
        GE Capital Corp | General Electric
        Genworth
        Genworth Life
        Gerlach & CO
        Gerlach & CO
        Gerlach & CO
        German American Cap Corp
        Gibraltor Savings Bank
        GIC Real Estate
        Global Industrial Leasing
        Goldenbridge Acq Holdings
        Goldman Sachs Mtg Co
        Goldome 1986-2 Trust
        Granite Properties Inc.
        Greenwich
        Greystone
        GRSCD
        GSREA LLC
        GSRE-BS II Ltd
        GSRE-CS
        G-Star 2005-5 Ltd GTSJ
        Guardian Life Insurance Co
        Guggenheim
        Guggenheim 2005-2
        Gulf Coast Comm Bank
        H2 Credit Partners Master
        H2 Real Estate CDO 06-1
        HAL SF Portfolio LP Prime
        HAL SF Portfolio LP Trophy
        Hayden Asset 1
        Hayden II
        Hayden III
        Hayden IV
        Hayden V
        Hayden VII
        HCP MC Mortgage Lender LL
        Heirs of David Barouk
        Heritage Bank
        Hermes Capital, LLC
        Hermitage Management LLC
        Highgate Holdings, Inc.
        Highland Capital Mgmt LP
        HIMCO
        Horizon Bank
        Hudson Valley Bank
        Hypo
        I&G Mezzanine 2 LLC
        I&G Mezzanine 7 LLC
        IFTCO
        ING Life Insurance Annuity
        ING Real Estate Finance
        International Tower Mezz
        Investcorp International
        Investors Warranty of America
        IStar Asset Services
        Jemcap REO 2010-01
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Page 3 of 4









KeyCorpRealEstate CapitalMarkets
Inc.-Management’sAssertionRegAB

AttachmentA-Continued



|Third Party continued
        JER Investors Trust
        JER US Debt Finance Co CS
        John Hancock Mutual Life
        JP Morgan Chase Bank
        JP Morgan Chase fka WAMU
        JPMorgan Chase
        KBS Debt Holdings LLC
        KeyBank Boston Office
        KKR CDO 2005 1 Ltd
        La Jolla Bank
        Landesbank Baden Wurttembe
        Landesbank Baden-Wurttem
        Landesbank Hessen
        Landesbank Sachsen Girozen
        LaSalle Bank Nat Assoc
        LBCMT 2007 C3 NonTrust
        LBUBS 07C1 Non-Trust
        Lehman Brothers
        Lehman Brothers Bnkhaus
        Lehman LLF 2007 C5 Non Tru
        LEHMAN WH DH
        LEHMAN WH SOV BK
        LEM Funding
        LEM Funding 201 LP
        Lennar
        Lincoln Road
        Lispenard Street Credit
        LNR Property Corp
        Lotus Watervliet Fund 3
        LRP Landesbank Rheinland
        LSREF Summer Loan Asset Tr
        LSREF Summer REO Trust 09
        LSREF2 Clipper II, LLC
        LSREF2 Clipper III, LLC
        LSREF2 Clipper Trust 2010
        LSREF2 Nova Investment
        LSREF2 Nova Investment III
        LSREF2 Nova Investments II
        LSREF2 Nova Trust 2010
        Macquarie Bank Limited
        Maguire Properties LP
        Marathon Structured Finance
        McIntosh State Bank
        Merrill Lynch Mtge Lending
        MetLife
        Midland for CCSFER and PC
        Midland National Bank
        Midtown Acquisitions L.P.
        Monumental Life Ins Co.
        MONY Life Insurance Co
        MONY Realty Capital, Inc
        Morgan Stanley Mtge Corp
        MRC Mortgage Inv Trust
        Munchener Hypothekenbank
        NCC Capital LLC | New York Life Ins Co
        Newcastle CDO IV Ltd
        Newcastle CDO IX 1
        Newcastle CDO VIII 1 Ltd
        NexBank
        NIC BR LLC
        Norddeutsche Landesbank
        Norma Investments SP
        Northeast Community Bank
        NorthStar Realty Finance
        NY Credit Funding I Inc
        NYLIM Real Estate Mezz
        One West Bank
        One William street Capital
        ONEX Real Estate
        ORIX Capital Markets LLC
        Oxford Properties
        Pacific Life Insurance Co
        Pacific Northwest Bank
        Pacifica Equity Partners
        PB Capital
        Pembrook Capital Mgmt LLC
        Pembrook Community Inv
        Petra
        Playa Chame B.V.
        PJ Finance Company LLC
        Pond View Credit
        Portigon AG
        PRIF II 650 LLC
        Principal Life Ins Co
        Prinsbank
        Prosper Bank
        Prudential Ins Co of Amer
        PV Rancho LLC
        PWC Lehman
        Quadra Realty Inc.
        Quadrant Strategy REIT
        Rait Partnership LP
        RCG Longview
        Red Mortgage Capital Inc
        Redwood Comm Mtg Corp
        Resource America
        Resource Real Est CDO 2007
        Rockville Office Venture
        Royal Bank of Canada
        RXR 450 Lex Mezz Holder JV
        SA Logistics LLC
        SAAR Landesbank
        Sandleman 2006-2
        Sandleman CRE CDO
        Savanna Fund
        SBAF Mortgage Fund I
        SGT, REO BFSB
        SGT, Series I
        SGT, Series I BFSB
        Shorenstein Realty Inv Nin | SL Green KC
        Sorin Master Fund, Inc
        Sorin Real Estate CDO IV
        Spanish Peaks Acq Part
        SRI Nine Debt Holdings LLC
        Starwood Capital Group
        State Bank of Texas
        State of Wash Investment
        Stone Tower Credit Funding
        Storms & Co
        Styx Partners LP
        Suffolk County National
        Sussex Bank
        Swedbank
        Teachers
        The Bank of Vernon
        The Community’s Bank
        The First State Bank
        The Park Avenue Bank
        Times Square PT Third Mezz
        TMAC
        Transwestern Mezz
        Trifecta Hotel MZL8 LLC
        Trilon Bankcorp
        Trimont REA for CWCapital
        Trimont REA for Lehman
        TRT Lending LLC
        TS7-F Grantor Trust
        US Bank Trust National
        U.S. Bank, N.A
        UBS
        UBSREI
        Umpqua Bank acq Nevada SB
        Union Center National
        US Bancorp
        Velocity Comm Capital
        Ventas Realty
        VGT Jemcap Series C
        VNO Roosevelt Hotel Mezz
        Vornado Realty Trust
        Wachovia Bank NA
        Walton Seattle Mezz Hold
        Warren Properties Inc
        Washington Holdings
        WB Kuhio LLC
        Wells Fargo Bank
        Westdeutsche Immobiliebank
        WHG Loan Investors LLC
        Winthrop
        Woodward Capital
        WP Carey & Co
        Wrightwood Capital service
        WWSF MTGL8, LLC
        Yellow Brick Real Estate
        Zions First National Bank
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Page 4 of 4