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DMAC 1993-2 CLASS A COMML MTGE PASS-THROUGH CTFS 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, June 15 /PRNewswire/ -- Daiwa Mortgage Acceptance Corp.'s commercial mortgage pass-through certificates series 1993-2-MHP $76.1 million class A-1, $76.1 million class A-2, and interest-only class S are rated `AA' by Fitch. The $4.8 million class B-1 and $4.8 million class B-2 certificates are rated `A'. Classes C and D are not rated.
 The ratings reflect the fact that all the mortgages are newly originated with full due diligence and fully amortizing with no balloon payments due, as well as the presence of an excellent industry servicer, high-quality mobile home park security, and subordination of classes B-1 and B-2 (5 percent), C (11 percent), and D (5 percent). In addition, liquidity is provided by servicer advances for debt service through liquidation of the asset. Concerns include the pool's geographic concentration of more than 44 percent in Florida, lack of borrower diversity, and relatively low debt service coverage on the mortgages at the interest rate cap.
 The ratings also reflect Fitch's confidence in the integrity of the transaction's legal and financial structures, as well as the obligation of Daiwa Finance Corp. To indemnify certificateholders for any losses caused by a breach of representations and warranties. No representations or warranties were made concerning environmental matters. However, environmental surveys were performed on every loan in the pool.
 The 42 loans in the pool are secured by mobile home park properties. The loans were newly originated for securitization by Daiwa Finance Corp. or Pacific Mutual, and subsequently sold to the depositor. All the mortgages are floating over an index equal to 50 percent of LIBOR, and are capped at 10.435 percent. The weighted average debt service coverage ratio for the loans at the cap is 1.15.
 The loans were assigned to the trust, which issued certificates pursuant to the trust agreement dated June 15, 1993. The trustee is Bankers Trust Co., and Pacific Mutual is the servicer for the transaction. An election will be made to treat the trust as a real estate mortgage investment conduit for federal income tax purposes.
 -0- 6/15/93
 /CONTACT: Dean Britton, 212-908-0620, or Ron Wechsler, 212-908-0532, both of Fitch/


CO: Daiwa Mortgage Acceptance Corp. ST: IN: FIN SU: RTG

MP -- NY091 -- 2289 06/15/93 16:06 EDT
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Date:Jun 15, 1993
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