Document:

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                                                                   Exhibit 10.18

                                    Annex II

             Names and Addresses for Communications Between Parties

TO LIQUID FUNDING, LTD.:

   Cedar House
   41 Cedar Avenue
   Hamilton HM 12
   Bermuda

   With a copy to:
   BEAR STEARNS BANK PLC, Investment Manager
   Block 8, Harcourt Centre
   Charlotte Way
   Dublin 2, Ireland
   Tel (353-1) 402-6358
   Fax (353-1) 402-6308

TO LNR CMBS HOLDINGS CORP.:

   760 Northwest 107/th/ Avenue
   Suite 300
   Miami, Florida 33172
   Attention: Shelly Rubin
   Tel (305) 229-6440
   Fax (305) 553-4013

TO WHOM MARGIN CALLS MAY BE MADE ORALLY BY TELEPHONE:

   Margaret Jordan
   Tel (305) 229-6479
   Fax (305) 226-7691

   Richard Shannon
   Tel (305) 229-6684
   Fax (305) 226-3428

   Martha Alvarez
   Tel (305) 229-6469
   Fax (305) 226-3428<PAGE>
                                                                   Exhibit 10.19

                               Terms Annex 2002-A

     This Terms Annex 2002-A forms a part of the Master Repurchase Agreement
dated as of March 20, 2002 (the "Repurchase Agreement") between LIQUID FUNDING,
LTD. ("Buyer") and LNR CMBS HOLDINGS CORP. (the "Seller"). This Terms Annex
2002-A shall apply to Transactions in which Liquid Funding, Ltd. is the Buyer of
certain subordinated commercial mortgage-backed securities ("CMBS") issued by
securitization trusts (each a "Trust") with respect to pools of commercial
mortgage loans, which pools qualify under sections 860A through 860G of the
Internal Revenue Code as real estate mortgage investment conduits ("REMIC"),
from Seller in accordance with the terms described below (each, a "CMBS
Transaction"). For the avoidance of doubt, all CMBS Transactions between Seller
and Buyer will be subject to the Repurchase Agreement, Annex I, Annex I-A, and
if so specified in the confirmation under the Repurchase Agreement, this Terms
Annex 2002-A (collectively, the "Agreement") and each Purchased CMBS shall
constitute a Purchased Security under this Agreement. Each CMBS Transaction
shall constitute a sale by Seller to Buyer of the related CMBS. Capitalized
terms used but not defined in this Terms Annex 2002-A shall have the meanings
ascribed to them in the Repurchase Agreement, Annex I or Annex I-A, as
applicable.

     1.   Determination of Pricing Rate and Payment of Price Differential

          (a) The Pricing Rate for each Transaction will be LIBOR plus the
          Relevant Spread and will be reset on each Reset Date.

          (b) All accrued Price Differential incurred in connection with each
          Transaction in each calendar month will be due and payable to Buyer on
          the Reset Date following each month end.

     2.   Determination of Purchase Price, Margin Ratio, Margin Excess Amount
     and Margin Deficit Amount

          (a) The Purchase Price shall be determined separately for all
          Purchased Securities within a Ratings Category based on the Purchase
          Price set forth in the Applicable Table which corresponds to the
          Ratings Category for such Purchased Securities.

          (b) The Buyer's Margin Ratio shall be determined separately for each
          Ratings Category based on the "Buyer's Margin Ratio" set forth in the
          Applicable Table corresponding to such Ratings Category.

          (c) If there is no Applicable Table, either because the Purchased
          Securities have been issued by fewer than five Trusts or because the
          Diversity Percentage exceeds

<PAGE>

     25%, then the Purchase Price and Buyer's Margin Ratio will be determined by
     Buyer in its sole discretion.

     (d) Margin Excess Amounts and Margin Deficit Amounts shall each be
     determined separately for each Ratings Category and then aggregated.

3.   Purchase Fee

     In connection with each Transaction, the Seller will pay the Buyer, in lieu
     of a portion of the Pricing Rate, an amount upfront on the date of purchase
     equal to the sum of the following: (a) the product of 1.14% multiplied by
     that amount of the Purchase Price for the Transaction which is less than or
     equal to PPF, plus (b) the product of 1.50% multiplied by that amount of
     the Purchase Price for the Transaction which is greater than PPF. For
     purposes of calculating the Purchase Fee, PPF shall be determined as
     follows:

          PPF = $100,000,000 - APP, provided PPF shall never be less than 0, and
          where APP is the combined aggregate amount of Purchase Prices paid by
          Buyer with respect to all Transactions under both Terms Annex 2002-A
          and Terms Annex 2002-B which have been entered into prior to the
          Transaction for which the Purchase Fee is being calculated. Provided,
          however, that the foregoing fee shall not be payable in connection
          with any repricing pursuant to Section 6 below or any substitution of
          securities permitted under the Agreement.

4.   Change in Ratings Category of Purchased Securities

     (a) If the rating on a particular Purchased Security is upgraded and such
     upgrade results in a change in the Ratings Category of such Purchased
     Security, then, at Seller's written request, the resulting change in the
     Purchase Price and the Buyer's Margin Ratio of such Purchased Security
     shall be effected on the first Business Day following Buyer's receipt of
     such request.

     (b) If the rating on a particular Purchased Security is downgraded and such
     downgrade results in a change in the Ratings Category of such Purchased
     Security, then the resulting change in the Purchase Price and the Buyer's
     Margin Ratio of such Purchased Security shall be effected automatically on
     the first Business Day after the date on which Buyer becomes aware of such
     downgrade.

     (c) If the rating on a particular Purchased Security is upgraded or
     downgraded and such upgrade or downgrade results in a change in the Ratings
     Category of such Purchased Security, then the resulting change in the
     Pricing Rate of such Purchased Security shall be effected automatically on
     the first Reset Date after the date of such upgrade or downgrade.

                                      -2-

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5.   Change of Applicable Tables

     If a change in the number of Trusts included in the Purchased Securities or
     an increase or decrease of the Diversity Percentage rating causes a
     different Applicable Table to apply, then the resulting change in the
     Purchase Price and the Buyer's Margin Ratio of the applicable Purchased
     Securities shall be effected automatically on the first Business Day after
     the date on which Buyer becomes aware of such change.

6.   Repricing

     If the Purchase Price of a Purchased Security is to be changed pursuant to
     the terms hereof, then as of the date on which such Purchase Price is to be
     changed (each, a "Repricing Date"), (i) the Repurchase Date with respect to
     the applicable Purchased Security will be accelerated automatically to the
     Repricing Date, (ii) the Repurchase Price and any other amounts owed by
     Seller with respect to such Transaction (excluding accrued Price
     Differential not yet due) shall be due and payable, (iii) Buyer shall be
     obligated to purchase such Purchased Security as a new Transaction at the
     new Purchase Price, and (iv) the amounts owing pursuant to subparagraphs
     (ii) and (iii) of this Section 6 shall be offset and any net amount shall
     be due and payable by Buyer or Seller, as applicable.

7.   Early Termination of Transactions

     Seller may elect to terminate any Transaction and repurchase Purchased
     Securities from Buyer on five Business Days' notice by paying a termination
     fee (the "Exit Fee") calculated as follows: the sum of (a) the product of
     (i) the Repurchase Price, multiplied by (ii) 2.0%, if the time remaining to
     the scheduled Repurchase Date is greater than 48 months, 1.75% if the time
     remaining to the scheduled Repurchase Date is greater than 42 months and
     less than or equal to 48 months, 1.50% if the time remaining to the
     scheduled Repurchase Date is greater than 36 months and less than or equal
     to 42 months, 1.25% if the time remaining to the scheduled Repurchase Date
     is greater than 24 months and less than or equal to 36 months, 1.00% if the
     time remaining to the scheduled Repurchase Date is greater than 12 months
     and less than or equal to 24 months, or the product of 0.0833% and the
     number of whole and partial months remaining to the Repurchase Date if the
     time remaining to the scheduled Repurchase Date is less than or equal to 12
     months plus (b) any costs, losses, damages or fees incurred in connection
     with any hedge entered into or unwound by Buyer in contemplation of such
     termination.

     The Seller shall pay the Exit Fee with respect to all Purchased Securities
     transferred to Seller on any such Repurchase Date that precedes the
     Termination Date with respect to such Purchased Securities. The
     acceleration of such Repurchase Date for any reason shall not excuse Seller
     from paying the Exit Fee, except if such acceleration results from (i) an
     Event of Default where the Buyer is

                                       -3-

<PAGE>

     the defaulting party or (ii) the occurrence of an Enforcement Event. No
     Exit Fee shall be payable upon (i) a repricing pursuant to Section 6 of
     this Terms Annex or (ii) a substitution of securities as permitted under
     the Agreement, provided that the Exit Fee shall be payable to Buyer upon
     any termination resulting from Buyer's election to not accept a
     substitution of securities.

8.   Control

     (a) Seller acknowledges that Buyer will not enter into a Transaction with
     respect to a Purchased Security in a Ratings Category lower than
     Ba3/BB-/BB- unless Seller or an affiliate thereof has Affirmative Control
     or Contiguous Affirmative Control with respect to such Purchased Security
     (each such affiliate, a "Control Affiliate"). Seller shall deliver to Buyer
     no later than the Purchase Date for the relevant Purchased Security such
     documentation as Buyer may reasonably request to effect or confirm Buyer's
     right to exercise Affirmative Control or Contiguous Affirmative Control
     with respect to such Purchased Security. Notwithstanding anything to the
     contrary herein, for so long as no Event of Default has occurred (which has
     not been cured to the satisfaction of the Buyer) with respect to Seller
     under the Agreement, and any other agreement between Seller and Buyer or
     any agreement between a Control Affiliate and Buyer with respect to the
     granting to Buyer of Contiguous Affirmative Control, Buyer grants Seller or
     the applicable Control Affiliate, a license to exercise Affirmative Control
     or Contiguous Affirmative Control with respect to the Purchased Securities
     and pursuant to such license Seller or such Control Affiliate, shall have
     the sole and exclusive right to exercise Affirmative Control or Contiguous
     Affirmative Control. Immediately upon notice by the Buyer to Seller of the
     occurrence of an Event of Default with respect to Seller or such Control
     Affiliate, the foregoing license shall terminate automatically, and all
     rights of Affirmative Control or Contiguous Affirmative Control shall
     automatically re-vest in Buyer until such time, if any, as such Event of
     Default is waived by Buyer in its sole discretion by written notice to
     Seller. Buyer and Seller and if applicable, a Control Affiliate, shall
     enter into such agreements, give such notices and obtain such
     acknowledgements as may be necessary or desirable for Seller or such
     Control Affiliate to have the right to exercise Affirmative Control or
     Contiguous Affirmative Control prior to the occurrence of any Event of
     Default and for Buyer to have the right to exercise Affirmative Control or
     Contiguous Affirmative Control, as applicable, upon the occurrence of such
     Event of Default on a Trust by Trust basis. This Paragraph 8(a) shall
     survive any transfer by Buyer of an interest in (including by way of
     pledge, sale, hypothecation, repurchase agreement or other means) the
     Purchased Securities and shall be binding on any transferee of the
     Purchased Securities and Buyer shall notify any purchaser of the Purchased
     Securities of this provision to the extent such transferee would otherwise
     have such rights. Seller shall indemnify and hold Buyer harmless from and
     against any and all losses, damages, liabilities, obligations, penalties,
     judgments and awards arising from or related to claims, and to pay, on
     demand, all direct and indirect costs, liabilities and damages incurred by
     Buyer (including, without limitation, costs of collection,

                                       -4-

<PAGE>

         reasonable third-party attorneys' fees, court costs and other expenses
         arising from or related to the foregoing, but excluding any actual or
         alleged diminution in the Market Value of any of the Purchased
         Securities) in connection with any action or failure to take action by
         Seller or any Control Affiliate with respect to the foregoing license
         of Affirmative Control or Contiguous Affirmative Control ("Control
         Costs"). In each case, whether or not demand has been made therefor,
         Buyer may, in its sole discretion, treat the Control Costs as a Margin
         Deficit. This indemnity shall survive the termination of this
         Agreement.

         (b) If at any time during this Agreement, subject only to the license
         described in paragraph 8(a) above, Buyer does not have Affirmative
         Control or Contiguous Affirmative Control with respect to any
         Transaction relating to a Purchased Security in a Ratings Category
         lower than Ba3/BB-/BB-, then (i) Buyer shall have the right to cancel
         such Transaction and (ii) Seller agrees to pay to Buyer within five
         Business Days of notice (which date shall constitute a Repurchase Date)
         any Purchase Price paid by Buyer plus any accrued Price Differential
         plus any costs, losses, damages or fees incurred in connection with any
         hedge entered into or unwound by Buyer as a result of such
         cancellation.

         (c) Seller may not exercise its right to terminate any Transaction and
         repurchase Purchased Securities pursuant to Section 7 of this Terms
         Annex with respect to Purchased Securities that are required by Seller
         for it to exercise Affirmative Control with respect to a Trust unless
         (i) Seller or a Control Affiliate provides to Buyer Affirmative Control
         or Contiguous Affirmative Control with respect to such Trust at the
         time of such repurchase (subject to any license from the Buyer to the
         Seller or a Control Affiliate to exercise Affirmative Control or
         Contiguous Affirmative Control pursuant to Paragraph 8(a)) or (ii)
         Seller also so accelerates with respect to all Purchased Securities
         issued by such Trust in a Rating Category lower than Ba3/BB-/BB-.

          (d) Seller shall cause each Control Affiliate which has Contiguous
          Affirmative Control of any Related Purchased Security, with respect to
          a Purchased Security in a Ratings Category lower than Ba3/BB-/BB-
          which are subject to a Transaction hereunder, to enter into an
          agreement with Buyer (subject only to the license described in
          Paragraph 8(a) above) providing to Buyer Contiguous Affirmative
          Control with respect to such Purchased Security and agreeing to
          provide to Buyer information with respect to the Related Purchase
          Security as required to be provided by Seller to Buyer with respect to
          Purchased Securities pursuant to Paragraph 10 of Annex I-A.

 9.      Certain Definitions

         "Affirmative Control" shall mean, with respect to any Purchased
         Security, the ability to exercise the rights of the Controlling Class
         (by whatever name denominated in the documents governing the applicable
         Trust) with respect to the

                                       -5-

<PAGE>

          Trust which issued such Purchased Securities or otherwise to direct,
          approve or consent to or vote on specified actions to be taken with
          respect to the underlying commercial mortgage loans or the applicable
          Trusts, or, if such Trust does not provide for a Controlling Class, to
          appoint, retain or remove the Trust's special servicer, such ability
          to be exercisable without interruption, regardless of any change in
          the Controlling Class or future reductions in the principal balance of
          the securities issued by the Trust.

          "Applicable Table" shall mean "Table II" during any time period in
          which the Purchased Securities have been issued by more than eight
          Trusts and the Diversity Percentage does not exceed 15% or, if Table
          II is not applicable, then "Table I" during any time period in which
          the Purchased Securities have been issued by five or more Trusts and
          the Diversity Percentage does not exceed 25%.

          "Contiguous Affirmative Control" shall mean, with respect to any
          Purchased Securities, the ability of the holder of Related Purchased
          Securities to exercise Affirmative Control, without interruption,
          regardless of any change in the Controlling Class or future reductions
          in the principal balance of the Related Purchased Securities, unless
          and until (i) only one Related Purchased Security remains outstanding
          and (ii) such Related Purchased Security no longer qualifies as the
          Controlling Class.

          "Controlling Class" shall mean, with respect to each Trust, the class
          of certificates issued by it that vests the holders in the aggregate
          of such certificates with the right to appoint, retain or remove the
          transaction's special servicer (and to otherwise exercise the rights
          of the controlling class, however denominated in the issuing Trust's
          governing documentation).

          "Diversity Percentage" shall mean (a) the Repurchase Price of all
          Purchased Security issued by the single Trust whose Purchased
          Securities have the highest aggregate Repurchase Price divided by (b)
          the Repurchase Price of all Purchased Securities.

          "LIBOR" shall mean the rate for deposits in U.S. Dollars for a period
          of one month as such rate appears on Telerate Page 3750 as of 11:00
          a.m., London Time, on the day that is two "London Business Day"
          (meaning a day on which commercial banks are open for business in
          London) preceding a given Reset Date. If such rate does not appear on
          the Telerate Page 3750, the rate for that Reset Date shall be
          determined by reference to "USD-LIBOR-Reference Banks."
          "USD-LIBOR-Reference Banks" means, for purposes of this definition,
          the rates at which deposits in U.S. Dollars are offered by four
          reference banks selected by Buyer at approximately 11:00 a.m., London
          time, on the day that is two London Business Days preceding a given
          Reset Date to prime banks in the London interbank market for a period
          equal to one month commencing on that Reset Date and in a
          representative amount. Buyer shall request the principal London office
          of each of the reference banks to provide a quotation of its LIBOR
          rate. If at least

                                       -6-

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          two such quotations are received, the rate for the Reset Date will be
          the arithmetic mean of such quotations. If fewer than two quotations
          are received, the rate for that Reset Date will be the arithmetic mean
          of the rates quoted by major banks in New York City (selected by
          Buyer), at approximately 11:00 a.m. New York City time on that Reset
          Date, for loans in U.S. Dollars to leading European banks for a period
          of one month commencing on that Reset Date and in a representative
          amount.

          "Maximum Amount" shall equal $100,000,000.

          "Ratings Category" means the following groupings of ratings, each of
          which shall be a separate Ratings Category:

               (i)  Ba1/BB+/BB+ or above
              (ii)  Ba2/BB/BB
             (iii)  Ba3/BB-/BB-
              (iv)  B1/B+/B+
               (v)  B2/B/B
              (vi)  B3/B-/B-
             (vii)  Below B3/B-/B- or Not Rated

          The foregoing ratings are as published by Moody's Investors Service,
          Standard & Poor's Investors Service or Fitch Inc. (in that order) on
          Purchased Securities. If more than one rating agency rates the
          Purchased Securities, the lowest of the ratings shall set the Ratings
          Category. If either (i) no rating agency rates the Purchased
          Securities or (ii) any rating agency withdraws its rating of the
          Purchased Securities, the Ratings Category "Not Rated" shall apply.

          "Relevant Spread" means for each Purchased Security the applicable
          amount set forth below corresponding to the Ratings Category for such
          Purchased Security as of the Purchase Date and on each subsequent
          Reset Date:

          Ratings Category

             Ba1/BB+/BB+           1.50%
             or above
             Ba2/BB/BB             1.50%
             Ba3/BB-/BB-           1.50%
             B1/B+/B+              2.00%
             B2/B/B                2.00%
             B3/B-/B-              2.00%
             Below B3/B-/B- or     2.50%
             Not Rated

          "Related Purchased Securities" shall mean any CMBS issued by the
          issuing Trust that issued the Purchased Securities.

          "Reset Date" shall mean the date on which LIBOR is reset with respect
          to a Transaction, which date shall be the 15th day (or, if such day is
          not a Business

                                      -7-

<PAGE>

          Day, the next following Business Day unless that day falls in the next
          calendar month, in which case that date will be the first preceding
          day that is a Business Day) of each month or on such other date as
          Buyer may specify in the Confirmation in connection with such
          Transaction.

          "Termination Date" shall be that date which is five (5) calendar years
          from the date on which the first Transaction occurs under this
          Agreement.

                                       -8-

<PAGE>

LIQUID FUNDING, LTD.               LNR CMBS HOLDINGS CORP.

BY: _______________________        BY:__________________________________
    Name:__________________           Name:_____________________________
    TITLE:_________________           TITLE:____________________________

                                       -9-

<PAGE>

                                     Table I
                                 (5 to 7 Trusts)
                       (Maximum Diversity Percentage: 25%)

--------------------------------------------------------------------------------
 Ratings Category                      Purchase Price      Buyer's Margin Ratio
--------------------------------------------------------------------------------
 Ba1/BB+/BB+ or above                       60.0%                 70.0%
 Ba2/BB/BB
 Ba3/BB-/BB-
--------------------------------------------------------------------------------
 B1/B+/B+                                   45.0%                 55.0%
 B2/B/B
--------------------------------------------------------------------------------
 B3/B-/B-                                   33.0%                 43.0%
--------------------------------------------------------------------------------
 Below B3/B-/B- or Not Rated                20.0%                 30.0%
--------------------------------------------------------------------------------

                                      -10-

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                                    Table II
                               (8 or More Trusts)
                       (Maximum Diversity Percentage: 15%)

--------------------------------------------------------------------------------
 Ratings Category                 Purchase Price          Buyer's Margin Ratio
--------------------------------------------------------------------------------
 Ba1/BB+/BB+ or above                65.0%                        75.0%
 Ba2/BB/BB
 Ba3/BB-/BB-
--------------------------------------------------------------------------------
 B1/B+/B+                            50.0%                        60.0%
 B2/B/B
--------------------------------------------------------------------------------
 B3/B-/B-                            45.0%                        55.0%
--------------------------------------------------------------------------------
 Below B3/B-/B- or Not Rated         25.0%                        35.0%
--------------------------------------------------------------------------------

                                      -11-

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