CMBS/Realty One Securitization Trust 2002-1 Rated 'AAA/AA+/A-/BBB' By Fitch.

Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 31, 2002

CMBS/Realty One Securitization Trust 2002-1 (the issuer) $76 million class A-1 floating-rate secured notes are rated 'AAA' by Fitch Ratings. In addition, Fitch rates the $16 million class A-2 floating-rate secured notes

'AA+', $3 million class B fixed-rate secured notes 'A-' and $4 million fixed-rate trust certificates 'BBB'. The rating on the class A-1 and A-2 secured notes address the timely payment of interest and ultimate repayment of principal. The ratings on the class B secured notes and trust certificates address the ultimate payment of interest and ultimate repayment of principal.

The rating is based upon the capital structure of the transaction, the quality of the collateral, and the experience and capabilities of Stonehenge Financial Partners, LLC.

Net proceeds from issuance are used to purchase a $100 million pool of commercial mortgage-backed securities. The credit quality of the collateral pool is bound by the covenanted Fitch weighted-average rating factor (WARF) of 14.0, which is in the 'BBB-' rating level. The current WARF at closing is approximately 12.0. The class A-1 and A-2 secured notes have a stated final maturity date in February 2038, while class B secured notes and the trust certificates have a stated legal final maturity in February 2040. Quarterly payments for all securities start February 2003.