The mortgage loan has debt service coverage of 1.26x and a 6.68% interest rate. In addition, the transaction has a loan to value of 76%. Funded under Fannie Mae's DUS program, it closed on June 27, 2002.

The loan has been secured for the Parisian Apartments, a 47-unit complex in Anaheim. The property, which dates back to 1966, consists of one-, two- and three-bedroom apartments in one two-story, garden-style building. Amenities include an outdoor pool and laundry facilities, as well as dishwashers, garbage disposals and balconies or patios.

New York-based PW Funding is a subsidiary of Charter Municipal MortgageAcceptance Co. It is a full-service direct mortgage lender specializing inthe financing of conventional apartments, commercial properties, seniorhousing and affordable housing properties nationwide. The company offers acomplete line of multifamily products, such as programs from Fannie Mae,Freddie Mac, HUD, Wall Street conduits and life insurance companies.