0509 Bacm 2007-1 Osar

Operating Statement Review Worksheet
Portfolio Contract ID / Name: 233 / BACM 2007-1 Loan / Collateral / Prospectus ID: 883401755 / 18985 / 150
MIDDLEBORO SELF STORAGE 104 WEST GROVE STREET, MIDDLEBORO, MA
445 UNT Baseline - mos 2007 2008 YTD Variance
Self-Storage 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Norm $ $/UNT Norm $ $/UNT Norm $ $/UNT Reported $ Actual $ Norm $ $/UNT 2007 % Base %
Income
Gross Potential Rent 0 0 0 0 0 0 0 0 0 0 -- --
Vacancy/Collection Loss 0 0 0 0 0 0 0 0 0 0 -- --
Base Rent 337,946 759 0 0 333,275 749 334,890 334,890 334,890 753 0% (1%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 17,948 40 15,133 15,133 15,133 34 (16%) --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 337,946 759 0 0 351,223 789 350,023 350,023 350,023 787 0% 4%
Expenses
Real Estate Taxes 0 0 0 0 30,824 69 31,692 31,692 46,442 104 51% --
Property Insurance 0 0 0 0 7,599 17 10,843 10,843 4,519 10 (41%) --
Utilities Expense 0 0 0 0 28,552 64 32,947 32,947 32,947 74 15% --
Repairs and Maintenance 0 0 0 0 8,658 19 17,409 17,409 17,409 39 101% --
Management Fees 0 0 0 0 21,074 47 18,314 18,314 21,001 47 0% --
Payroll & Benefits 0 0 0 0 66,901 150 64,007 64,007 64,007 144 (4%) --
Advertising & Marketing 0 0 0 0 5,777 13 25,789 25,789 25,789 58 346% --
Professional Fees 0 0 0 0 0 0 0 0 0 0 -- --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
General & Administrative Expenses 147,331 331 0 0 22,912 51 25,294 25,294 25,294 57 10% (83%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 147,331 331 0 0 192,297 432 226,295 226,295 237,408 534 23% 61%
Operating Expense Ratio 44% 0% 55% 65% 65% 68% 24% 56%
Net Operating Income 190,615 428 0 0 158,926 357 123,728 123,728 112,615 253 (29%) (41%)
Leasing Commissions 0 0 0 0 0 0 0 0 0 0 -- --
Tenant Improvements 0 0 0 0 0 0 0 0 0 0 -- --
Capital Expenditures 0 0 0 0 6,118 14 0 0 6,118 14 -- --
Extraordinary Capital Expenditures 0 0 0 0 0 0 0 0 0 0 -- --
Total Capital Items 0 0 0 0 6,118 14 0 0 6,118 14 -- --
Net Cash Flow 190,615 428 0 0 152,808 343 123,728 123,728 106,497 239 (30%) (44%)
Debt Service 0 0 0 0 127,405 286 127,405 127,405 127,405 286 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 190,615 428 0 0 25,403 57 (3,677) (3,677) (20,908) (47) (182%) (111%)
DSCR (A) NOI/NCF 1.25 / 1.20 0.88 / 0.84
DSCR (A,B) NOI/NCF 1.25 / 1.20 0.88 / 0.84
DSCR (A,B,C) NOI/NCF 1.25 / 1.20 0.88 / 0.84
Occupancy 67% 70% 67%
Management 6.0% 6.0%
Primary Borrower Servicers Analysts

MIDDLEBORO LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Special: CWCapital Asset Management LLC Portfolio:
Credit:
No tenants returned Payment Amount

Loan Property Balance
P & I (Current) 125,660 125,660 2,000,000
Status: Performing
Total: 125,660 125,660
2008:
Income: Per 12/31/2008 rent roll, property is 67% occupied with average monthly rents of $99/unit.
Expense: Property Insurance is per Borrower’s reporting. Real Estate Taxes have been adjusted to 2008 Disbursement. Management Fees have been adjusted to 6% of EGI. Real Estate Taxes have
increased $16K over 2007 amount. Increase in Repair and Maintenance Expense is due to a $5K increase in outside services expense, a $2K increase in elevator maintenance expense and a $1.4K
increase in repairs expense. Increase in advertising expense is due to a $16K increase in directory advertising expense and a $4K increase in advertising expense.
Capital Expense: Capital Expenditures have been adjusted to the Reserve Replacement Levels.
DSCR: Debt service payments are interest only; fixed rate. Loan originated 6/26/2006. Decrease in DSCR is due to a 23% increase in operating expenses.
2007:
Income: Per 12/31/2007 rent roll, the property is 70% occupied with an average rental rate of $99/unit. Interest Only Loan.
Expense: Property Insurance per Borrower’s reporting. Real Estate Taxes have been adjusted to 2007 Disbursement. Management Fees have been adjusted to 6% of EGI.
DSCR: Debt Service adjusted per Servicer Record.
Base:
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SENTRY STATION 2535-2645 BATTLEFIELD PKWY, FT OGLETHORPE, GA
67,632 NRSF Baseline - mos - mos 2007 YTD Variance
Shadow Anchored Retail 2/28/2007 - 12 mos 12/31/2007 - 12 mos
Norm $ $/NRSF Norm $ $/NRSF Norm $ $/NRSF Reported $ Actual $ Norm $ $/NRSF % Base %
Income
Base Rent 813,828 12 0 0 0 0 779,414 779,414 779,414 12 -- (4%)
Expense Reimbursement 0 0 0 0 0 0 144,899 144,899 144,899 2 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 1,785 1,785 1,785 0 -- --
Effective Gross Income 813,828 12 0 0 0 0 926,098 926,098 926,098 14 -- 14%
Expenses
Real Estate Taxes 0 0 0 0 0 0 67,258 67,258 67,258 1 -- --
Property Insurance 0 0 0 0 0 0 8,050 8,050 8,050 0 -- --
Utilities Expense 0 0 0 0 0 0 17,742 17,742 17,742 0 -- --
Repairs and Maintenance 0 0 0 0 0 0 56,191 56,191 56,191 1 -- --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 20,231 20,231 37,044 1 -- --
Payroll & Benefits 0 0 0 0 0 0 0 0 0 0 -- --
Advertising & Marketing 0 0 0 0 0 0 0 0 0 0 -- --
General & Administrative Expenses 143,528 2 0 0 0 0 899 899 899 0 -- (99%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 143,528 2 0 0 0 0 170,371 170,371 187,184 3 -- 30%
Operating Expense Ratio 18% 0% 0% 18% 18% 20% -- 15%
Net Operating Income 670,299 10 0 0 0 0 755,727 755,727 738,914 11 -- 10%
Tenant Improvements 50,636 1 0 0 0 0 0 0 0 0 -- (100%)
Capital Expenditures 6,763 0 0 0 0 0 0 0 10,145 0 -- 50%
Total Capital Items 57,399 1 0 0 0 0 0 0 10,145 0 -- (82%)
Net Cash Flow 612,900 9 0 0 0 0 755,727 755,727 728,769 11 -- 19%
Debt Service 480,828 7 0 0 0 0 415,776 415,776 415,776 6 -- (14%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 132,072 2 0 0 0 0 339,951 339,951 312,993 5 -- 137%
DSCR (A) NOI/NCF 1.39 / 1.27 1.78 / 1.75
DSCR (A,B) NOI/NCF 1.39 / 1.27 1.78 / 1.75
DSCR (A,B,C) NOI/NCF 1.39 / 1.27 1.78 / 1.75
Occupancy 100%
Management 4.0%

FOR 1031 BATTLEFIELD STATION LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:
Three Largest Tenants Sq. Ft. % $/SF/Yr Expiration Payment Amount

GFCGA, L.P. 22,560.00 33.36 8.75 10/31/2015 Loan Property Balance
Charles Cochran 7,392.00 10.93 16.19 01/31/2015 P & I (Current) 410,080 410,080 6,402,500
Archer & Associates, LLC 5,200.00 7.69 11.25 07/31/2010
Total: 410,080 410,080
Status: Performing
2007:
Income: Per rent roll dated 6/30/2007, property is 100% occupied with an average monthly rental rate of $11.73/SF.
Expense: Property Insurance per Borrower’s reporting. Real Estate Taxes have been adjusted to Loan Escrow Constant Amount. Management Fees have been adjusted to 4% of EGI.
Capital Expense: Capital Expenditures have been adjusted to $0.15/SF. Tenant Improvements / Leasing Commissions adjusted per UW.
Base:
EXPRESSWAY PLAZA II 1500 - 1512 LOWES BLVD, KILLEEN, TX
05/12/2009 8:28:40 AM Page 2 Of 241

58,300 NRSF Baseline - mos 2007 2008 YTD Variance
Retail 2/28/2007 - 12 mos 12/31/2007 - 12 mos 6/30/2008 - 6 mos
Norm $ $/NRSF Norm $ $/NRSF Norm $ $/NRSF Reported $ Actual $ Norm $ $/NRSF 2007 % Base %
Income
Base Rent 767,385 13 0 0 583,438 10 295,432 295,432 295,432 5 (49%) (62%)
Expense Reimbursement 0 0 0 0 104,534 2 67,160 67,160 67,160 1 (36%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 2,146 0 0 0 0 0 -- --
Effective Gross Income 767,385 13 0 0 690,118 12 362,592 362,592 362,592 6 (47%) (53%)
Expenses
Real Estate Taxes 0 0 0 0 95,446 2 0 0 49,632 1 (48%) --
Property Insurance 0 0 0 0 19,927 0 0 0 9,780 0 (51%) --
Utilities Expense 0 0 0 0 13,096 0 12,778 12,778 12,778 0 (2%) --
Repairs and Maintenance 0 0 0 0 34,078 1 6,643 6,643 6,643 0 (81%) --
Janitorial 0 0 0 0 21,055 0 10,609 10,609 10,609 0 (50%) --
Management Fees 0 0 0 0 27,605 0 9,929 9,929 10,878 0 (61%) --
Other Expenses 0 0 0 0 0 0 1,549 1,549 1,549 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 240,718 4 0 0 213,251 4 46,523 46,523 106,884 2 (50%) (56%)
Operating Expense Ratio 31% 0% 31% 13% 13% 29% (5%) (6%)
Leasing Commissions 0 0 0 0 10,332 0 0 0 5,166 0 (50%) --
Tenant Improvements 31,348 1 0 0 20,977 0 0 0 10,489 0 (50%) (67%)
Capital Expenditures 5,830 0 0 0 8,745 0 0 0 4,373 0 (50%) (25%)
Total Capital Items 37,178 1 0 0 40,054 1 0 0 20,028 0 (50%) (46%)
Net Cash Flow 489,490 8 0 0 436,813 7 316,069 316,069 235,680 4 (46%) (52%)
Debt Service 403,033 7 0 0 403,033 7 201,517 201,517 201,517 3 (50%) (50%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 86,456 1 0 0 33,780 1 114,552 114,552 34,163 1 1% (60%)
DSCR (A) NOI/NCF 1.31 / 1.21 1.18 / 1.08 1.27 / 1.17
DSCR (A,B) NOI/NCF 1.31 / 1.21 1.18 / 1.08 1.27 / 1.17
DSCR (A,B,C) NOI/NCF 1.31 / 1.21 1.18 / 1.08 1.27 / 1.17
Occupancy 100% 100% 100%

EXPRESSWAY PLAZA MASTER LTD Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

Goodys 35,000.00 60.03 6.00 05/31/2012 Loan Property Balance
Cato 8,100.00 13.89 9.75 01/31/2013 P & I (Current) 403,033 403,033 5,400,747
Anna's Linens 8,000.00 13.72 12.50 01/07/2018
Total: 403,033 403,033
Status: Performing
2008: Occupancy is updated as per the Rent Roll (100% Occupied). Adjustment for Management Fees is made as per CMSA Guidelines.
Sangeetha--9/29/2008.
Income: Per the 6/11/2008 rent roll, the property is 40% occupied with an average annual rental rate of $12.62/sf.
Expense: Real estate taxes and property insurance have been adjusted per the loan escrow constant. Management fees have been adjusted to 4% of EGI. General & administrative expense has increased
due to higher fire alarm costs.
Capital Expense: Capital expenditures and TI/LC have been adjusted to the reserve amounts.
2007:
Income: Per rent roll dated 01/01/2008, occupancy is 100% with average annual rents of $10.08/sf. Expense Reimbursements are up from 2006 due to an increase in CAM reimbursements, and also due to
no electricity reimbursements reported for 2006.
Expense: Real Estate Taxes have been adjusted to 2007 Disbursements. Insurance per borrower. Management Fees have been adjusted to 4% of EGI. Repair and Maintenance Expense is down from 2006
due to a $36K decrease in painting expense. Professional Fees are down from 2006 due to a $68K decrease in legal and accounting fees.
Capital Expense: Capital Expenditures have been adjusted to the Reserve Replacement Levels. TI has been adjusted to 67% and LC 33% of Reserve Replacement Levels.
DSCR: Low DSCR is due to low Rental Income.
Base:
05/12/2009 8:28:40 AM Page 3 Of 241

WEDGEWOOD APARTMENTS 100 ROBERT JEMISON DRIVE, BIRMINGHAM, AL
Multifamily 2/28/2007 - 12 mos 9/30/2007 - 9 mos 9/30/2008 - 9 mos
Income
Base Rent 315,107 5,729 0 0 241,182 4,385 245,970 245,970 245,970 4,472 2% (22%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 315,107 5,729 0 0 241,182 4,385 245,970 245,970 245,970 4,472 2% (22%)
Expenses
Real Estate Taxes 0 0 0 0 25,608 466 20,250 20,250 17,705 322 (31%) --
Property Insurance 0 0 0 0 12,538 228 13,571 13,571 16,750 305 34% --
Management Fees 0 0 0 0 16,079 292 0 0 12,299 224 (24%) --
Payroll & Benefits 0 0 0 0 7,857 143 10,550 10,550 10,550 192 34% --
Advertising & Marketing 0 0 0 0 0 0 1,900 1,900 1,900 35 -- --
Professional Fees 0 0 0 0 1,168 21 2,134 2,134 2,134 39 83% --
General & Administrative Expenses 127,737 2,322 0 0 1,973 36 3,082 3,082 3,082 56 56% (98%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 127,737 2,322 0 0 96,624 1,757 79,245 79,245 92,177 1,676 (5%) (28%)
Net Operating Income 187,370 3,407 0 0 144,558 2,628 166,725 166,725 153,793 2,796 6% (18%)
Net Cash Flow 173,015 3,146 0 0 130,203 2,367 166,725 166,725 143,027 2,600 10% (17%)
Debt Service 0 0 0 0 95,324 1,733 95,324 95,324 95,324 1,733 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 173,015 3,146 0 0 34,879 634 71,401 71,401 47,703 867 37% (72%)
DSCR (A) NOI/NCF 1.52 / 1.37 1.61 / 1.50
DSCR (A,B) NOI/NCF 1.52 / 1.37 1.61 / 1.50
DSCR (A,B,C) NOI/NCF 1.52 / 1.37 1.61 / 1.50

WEDGWOOD INVESTCO, LLC Primary: Grandbridge Real Estate Capital, LLC Surveillance: Leslie Rupracht
Credit:

P & I (Current) 127,099 127,099 1,710,782
Status: Performing
Total: 127,099 127,099
2008:
Expense: Eliminated non-operating other expenses totalling $139,369.27. Tax and insurance adjusted using monthly constants. Management fee normalized to 5% EGI.
Capital Expense: Capital items normalized to 75% of UW amount.
2007:
Income: OSAR was normalized/annualized to reflect 9 months of operation. The Borrower only provided 4 months of activity.
Expense: RET and insurance were adjusted using constants. A 5% management fee was used.
Capital Expense: Cap ex is per U/W
DSCR: 2007 normalized figures are annualized per version 4.1 of the CMSA IRP
Base:
TULSA RETAIL CENTER 9121 EAST 71ST STREET, TULSA, OK
05/12/2009 8:28:40 AM Page 4 Of 241

Income
Base Rent 1,162,993 9 0 0 1,067,798 9 945,844 945,844 945,844 8 (11%) (19%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 704 0 0 0 0 0 -- --
Effective Gross Income 1,162,993 9 0 0 1,243,088 10 1,114,004 1,114,004 1,114,004 9 (10%) (4%)
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 49,724 0 80,650 80,650 44,560 0 (10%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Leasing Commissions 0 0 0 0 30,282 0 0 0 30,282 0 -- --
Tenant Improvements 60,568 0 0 0 30,282 0 0 0 30,282 0 -- (50%)
Capital Expenditures 18,566 0 0 0 18,566 0 0 0 18,566 0 -- --
Total Capital Items 79,134 1 0 0 79,130 1 0 0 79,130 1 -- 0%
Net Cash Flow 856,692 7 0 0 911,520 7 738,790 738,790 730,950 6 (20%) (15%)
Debt Service 686,355 6 0 0 686,356 6 686,356 686,356 686,356 6 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 170,337 1 0 0 225,165 2 52,434 52,434 44,594 0 (80%) (74%)
DSCR (A) NOI/NCF 1.36 / 1.25 1.44 / 1.33 1.18 / 1.06
DSCR (A,B) NOI/NCF 1.36 / 1.25 1.44 / 1.33 1.18 / 1.06
DSCR (A,B,C) NOI/NCF 1.36 / 1.25 1.44 / 1.33 1.18 / 1.06
Occupancy 100% 100% 100%

TRC ASSOCIATES, LLC Primary: Capstone Realty Advisors Surveillance: Leslie Rupracht
Credit:

LINENS N THINGS 34,800.00 28.12 10.55 01/31/2011 Loan Property Balance
CIRCUIT CITY 31,377.00 25.35 11.11 02/28/2015 P & I (Current) 686,356 686,356 9,922,088
DOLLAR TREE 29,035.00 23.46 3.35 09/30/2018
Total: 686,356 686,356
Status: Performing
2008:
Expense: Real Estate Taxes adjusted to amount paid by Capstone in 2008. Insurance reflects amount paid by Capstone in 2008. Management Fee adjusted to underwritten amount of 4% of income.
Capital Expense: Capital Items adjusted to underwritten amounts.
DSCR: Both Circuit City and Linens N Things have filed bankruptcy, stopped paying rent, and vacated. The loan has been transferred to the special servicer.
2007:
Income: Loan was assumed on 9/27/2007. The Previous Borrower did not provide a 3rd quarter statement, thus their Jan- June statement was combined with the new Borrower's 4th quarter statement. Base
Rent has been annualized from the rent roll, and other income items were annualised for the missing 3 months.
Expense: Expense items have been annualised for the missing 3 months. Real Estate Taxes and Insurance adjusted to actual amounts paid by Capstone in 2007. Management Fees adjusted to Underwritten
amount of 4% income.
Capital Expense: Capital items adjusted to Underwritten amounts.
Base:
05/12/2009 8:28:40 AM Page 5 Of 241

ARIZONA SELF STORAGE 5115 N 59TH AVE, GLENDALE, AZ
Income
Base Rent 510,943 887 0 0 481,040 835 502,937 502,937 502,937 873 5% (2%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 510,943 887 0 0 481,040 835 502,937 502,937 502,937 873 5% (2%)
Expenses
Management Fees 0 0 0 0 28,862 50 0 0 30,176 52 5% --
Payroll & Benefits 0 0 0 0 0 0 10,324 10,324 10,324 18 -- --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
General & Administrative Expenses 198,691 345 0 0 21,595 37 16,585 16,585 16,585 29 (23%) (92%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Capital Items 4,608 8 0 0 4,608 8 0 0 4,608 8 -- --
Net Cash Flow 307,644 534 0 0 381,842 663 319,766 319,766 289,171 502 (24%) (6%)
Debt Service 254,247 441 0 0 213,150 370 219,535 219,535 219,535 381 3% (14%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 53,397 93 0 0 168,692 293 100,231 100,231 69,636 121 (59%) 30%
DSCR (A) NOI/NCF 1.23 / 1.21 1.81 / 1.79 1.34 / 1.32
DSCR (A,B) NOI/NCF 1.23 / 1.21 1.81 / 1.79 1.34 / 1.32
DSCR (A,B,C) NOI/NCF 1.23 / 1.21 1.81 / 1.79 1.34 / 1.32

RIGGINS SELF-STORAGE LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 254,247 254,247 3,443,658
Status: Performing
Total: 254,247 254,247
2007:
Income: Per 12/31/07 rent roll, property is 78% occupied with average rent of $95/unit.
Expense: Property Insurance and Real Estate Taxes have been adjusted to 2007 Disbursements. Management Fees have been adjusted to 6% of EGI. Professional Fees up due to a $33.6K increase in legal
fees compared to YE 2006. Payroll & Benefits up due to an increase of $10K for payroll compared to YE 2006.
Base:
2006:
Income: Per the 2/16/2007 rent roll, the property is 70.83% occupied with an average monthly rental rate of $104/unit. Per 4/6/2007 inspection, occupancy has been increasing over the past year with 80%
occupancy expected by the summer. Market vacancy is 15%.
Expense: Insurance and taxes per Borrower’s reporting. Management fees have been adjusted to 6% of EGI.
Capital Expense: Cap ex has been adjusted to replacement reserve level.
HALCYON VILLAGE 7825 - 7861 VAUGHN ROAD, MONTGOMERY, AL
05/12/2009 8:28:40 AM Page 6 Of 241

25,200 NRSF Baseline 2006 2007 2008 YTD Variance
Unanchored Retail 2/28/2007 - 12 mos 12/31/2006 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Gross Potential Rent 0 0 315,791 13 0 0 340,288 340,288 340,288 14 -- --
Vacancy/Collection Loss 0 0 (7,300) 0 0 0 (10,900) (10,900) (10,900) 0 -- --
Base Rent 385,142 15 0 0 326,328 13 57,807 57,807 57,807 2 (82%) (85%)
Expense Reimbursement 0 0 58,396 2 52,677 2 0 0 0 0 (100%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 425 0 26,410 26,410 26,410 1 6114% --
Effective Gross Income 385,142 15 366,887 15 379,430 15 413,605 413,605 413,605 16 9% 7%
Expenses
Real Estate Taxes 0 0 21,664 1 24,423 1 24,423 24,423 24,423 1 -- --
Property Insurance 0 0 4,647 0 4,872 0 4,589 4,589 4,872 0 -- --
Utilities Expense 0 0 20,559 1 14,220 1 24,689 24,689 24,689 1 74% --
Repairs and Maintenance 0 0 18,568 1 85,540 3 44,155 44,155 44,155 2 (48%) --
Janitorial 0 0 1,892 0 0 0 0 0 0 0 -- --
Management Fees 0 0 18,344 1 18,972 1 19,672 19,672 20,680 1 9% --
Advertising & Marketing 0 0 1,970 0 0 0 0 0 0 0 -- --
Professional Fees 0 0 2,668 0 2,178 0 7,409 7,409 7,409 0 240% --
General & Administrative Expenses 94,452 4 1,911 0 6,452 0 10,386 10,386 10,286 0 59% (89%)
Other Expenses 0 0 0 0 0 0 2,400 2,400 2,400 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 94,452 4 92,223 4 156,656 6 137,723 137,723 138,915 6 (11%) 47%
Operating Expense Ratio 25% 25% 41% 33% 33% 34% (19%) 37%
Net Operating Income 290,690 12 274,664 11 222,775 9 275,882 275,882 274,691 11 23% (6%)
Leasing Commissions 0 0 20,277 1 0 0 0 0 0 0 -- --
Tenant Improvements 18,996 1 0 0 0 0 0 0 0 0 -- --
Capital Expenditures 3,780 0 3,780 0 3,870 0 0 0 3,780 0 (2%) --
Total Capital Items 22,776 1 24,057 1 3,870 0 0 0 3,780 0 (2%) (83%)
Net Cash Flow 267,914 11 250,607 10 218,905 9 275,882 275,882 270,911 11 24% 1%
Debt Service 152,075 6 152,075 6 152,075 6 152,075 152,075 152,075 6 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 115,839 5 98,532 4 66,829 3 123,807 123,807 118,835 5 78% 3%
DSCR (A) NOI/NCF 1.91 / 1.76 1.81 / 1.65 1.46 / 1.44 1.81 / 1.78
DSCR (A,B) NOI/NCF 1.91 / 1.76 1.81 / 1.65 1.46 / 1.44 1.81 / 1.78
DSCR (A,B,C) NOI/NCF 1.91 / 1.76 1.81 / 1.65 1.46 / 1.44 1.81 / 1.78
Occupancy 95% 72% 100% 95%
Management 5.0% 5.0% 5.0%

HALCYON VILLAGE LLP Primary: Grandbridge Real Estate Capital, LLC Surveillance: Leslie Rupracht
Credit:

SINCLAIR'S 5,400.00 21.43 13.05 12/31/2011 Loan Property Balance
CARRIAGE HILLS ANIMAL CLINIC 3,600.00 14.29 14.94 10/31/2013 P & I (Current) 152,075 152,075 1,911,990
ASIA BISTRO & SEAFOOD, LLC 2,400.00 9.52 14.50 11/30/2010
Total: 152,075 152,075
Status: Performing
2008:
Income: Eliminated interest income of $3,778.33 from analysis.
Expense: Eliminated interest expense, state tax expense, depreciation and amoritization expenses. RET is actual 2008 bill paid from escrow. Insurance adjusted to 2008 bill. Management fee normalized to
5% EGI.
Capital Expense: Capital expenditures normalized to 100% of UW.
2007:
Expense: RET and insurance were adjusted to actual amounts in 2007. management fee was adjusted to 5% of EGI. Repairs and maintenace were up due to new tenants moving in.
Capital Expense: Cap ex is per U/W
Base:
2006: Loan securitized into the BACM 2007-1 portfolio; 2006 financial info (and RR) not reported for 2007 deals
therefore analysis has been unchecked. RB 05/22/07
Expense: Real estate taxes and Insurance are based on escrows at closing. Management fee adjusted to 5%.
Capital Expense: Capex is per Underwriting.
05/12/2009 8:28:40 AM Page 7 Of 241

US BANK NATIONAL 601 LIVELY BLVD, ELK GROVE VILLAGE, IL
Industrial 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 156,405 14 0 0 157,367 14 160,273 160,273 160,273 15 2% 2%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Real Estate Taxes 0 0 0 0 0 0 0 0 0 0 -- --
Property Insurance 0 0 0 0 0 0 0 0 0 0 -- --
Utilities Expense 0 0 0 0 0 0 0 0 0 0 -- --
Repairs and Maintenance 0 0 0 0 0 0 0 0 0 0 -- --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 1,571 0 1,600 1,600 1,600 0 2% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 154,841 14 0 0 154,021 14 156,848 156,848 156,848 14 2% 1%
Capital Expenditures 0 0 0 0 0 0 0 0 0 0 -- --
Total Capital Items 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 154,841 14 0 0 154,021 14 156,848 156,848 156,848 14 2% 1%
Debt Service 136,766 12 0 0 136,766 12 136,766 136,766 136,766 12 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 18,075 2 0 0 17,255 2 20,082 20,082 20,082 2 16% 11%
DSCR (A) NOI/NCF 1.13 / 1.13 1.13 / 1.13 1.15 / 1.15
DSCR (A,B) NOI/NCF 1.13 / 1.13 1.13 / 1.13 1.15 / 1.15
DSCR (A,B,C) NOI/NCF 1.13 / 1.13 1.13 / 1.13 1.15 / 1.15
Occupancy 100% 100% 100%

LCM FUNDS IV, LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

US Bank 10,978.00 100.00 14.78 09/30/2020 Loan Property Balance
P & I (Current) 136,766 136,766 2,037,095
Status: Performing
Total: 136,766 136,766
2008:
Income: Per the 1/1/09 rent roll, the property is 100% occupied by a single tenant, US Bank. The average annual rental rate is $14.78/SF.
Expense: Borrower did not report property insurance or real estate taxes. Management fees per borrower's reporting.
2007:
Income: Per the 1/1/2008 Rent Roll, the property is 100% occupied with an average rent of $14.51/SF.
Expense: Management Fees per borrower. Professional Fee are up $1.3K due to legal fee as compared to YE 2006
Base:
WOODLANDS ATRIUM 24900 PITKIN ROAD, THE WOODLANDS, TX
05/12/2009 8:28:40 AM Page 8 Of 241

Office 2/28/2007 - 12 mos 12/31/2006 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 792,065 15 780,288 14 837,739 15 878,668 878,668 878,668 16 5% 11%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 22,317 0 6,159 0 7,587 7,587 7,587 0 23% --
Parking Income 0 0 6,788 0 5,811 0 4,174 4,174 4,174 0 (28%) --
Other Income 0 0 10,611 0 2,446 0 672 672 6,106 0 150% --
Effective Gross Income 792,065 15 820,004 15 852,155 16 891,101 891,101 896,535 17 5% 13%
Expenses
Real Estate Taxes 0 0 69,053 1 71,816 1 61,942 61,942 59,534 1 (17%) --
Property Insurance 0 0 9,996 0 28,769 1 15,189 15,189 15,189 0 (47%) --
Repairs and Maintenance 0 0 100,454 2 49,918 1 64,040 64,040 64,040 1 28% --
Janitorial 0 0 32,599 1 44,326 1 48,087 48,087 48,087 1 8% --
Management Fees 0 0 32,800 1 34,026 1 29,123 29,123 35,862 1 5% --
Payroll & Benefits 0 0 43,223 1 49,590 1 72,833 72,833 72,833 1 47% --
Advertising & Marketing 0 0 0 0 170 0 0 0 0 0 (100%) --
Professional Fees 0 0 9,745 0 4,257 0 4,159 4,159 4,159 0 (2%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 374,152 7 438,982 8 446,857 8 516,773 516,773 521,104 10 17% 39%
Net Operating Income 417,913 8 381,022 7 405,298 7 374,328 374,328 375,431 7 (7%) (10%)
Leasing Commissions 0 0 23,217 0 23,217 0 0 0 23,217 0 -- --
Tenant Improvements 70,358 1 47,139 1 47,139 1 2,009 2,009 47,138 1 0% (33%)
Capital Expenditures 13,574 0 13,572 0 13,572 0 0 0 13,572 0 -- 0%
Total Capital Items 83,932 2 83,928 2 83,928 2 2,009 2,009 83,927 2 0% 0%
Net Cash Flow 333,981 6 297,094 5 321,370 6 372,319 372,319 291,504 5 (9%) (13%)
Debt Service 272,989 5 272,988 5 272,988 5 272,988 272,988 272,988 5 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 60,992 1 24,106 0 48,382 1 99,331 99,331 18,516 0 (62%) (70%)
DSCR (A) NOI/NCF 1.53 / 1.22 1.40 / 1.09 1.48 / 1.18 1.38 / 1.07
DSCR (A,B) NOI/NCF 1.53 / 1.22 1.40 / 1.09 1.48 / 1.18 1.38 / 1.07
DSCR (A,B,C) NOI/NCF 1.53 / 1.22 1.40 / 1.09 1.48 / 1.18 1.38 / 1.07
Occupancy 92% 91% 97% 98%

24900 PITKIN, LP Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

MOODY INTERNATIONAL, INC. 11,043.00 20.34 14.11 08/31/2012 Loan Property Balance
PRO FORMANCE, INC 8,802.00 16.21 17.00 04/30/2010 P & I (Current) 272,988 272,988 3,648,395
FRONTIER MATERIALS CONCRETE 4,482.00 8.25 17.00 03/30/2011
Total: 272,988 272,988
Status: CMSA Watchlist

05/11/2009 - 1E - DSCR < 1.10. Loan is secured by a 54,295 sf office building in The Woodlands, TX,
built in 1985. The 8/20/2008 inspection rated the Proeprty in Good condition. YE 12/31/2008 NCF
DSCR is 1.07x (12.3% below U/W level of 1.22x) with 98% Occupancy. Total Operating Expenses at
YE08 are a 39.3% increase from U/W, and 14.2% above YE07. U/W did not provide a detailed
breakout of expenses, therefore a full line item comparison to YE08 cannot be made. Compared to
PYE, the significant YE08 expenses increases that caused the DSCR decline as well as the 14.2%
TOE increase were: 25.3% higher UTL, 22.1% higher R&M, and a 31.9% rise in P&B. According to the
Primary Servicer, the Bwr indicated that P&B has risen due to increases in day porter and
administration salaries and benefits; and UTL expenses increased due to higher electricity costs. No
explanation as to R&M increase was given. Bank of America has requested further clarification from the
Primary Servicer and will continue to monitor the loan.
05/12/2009 8:28:40 AM Page 9 Of 241

2008:
Income: Bad Debt has been adjusted to zero. Per the 12/31/08 rent roll, the property is 98% occupied with an average annual rental rate of $17.69/SF. Expense reimbursement has increased due to tenant
escalations. Other income has increased due to deposit income of $5.6k.
Expense: Property Insurance is per Borrower’s reporting. Real Estate Taxes have been adjusted to 2008 Disbursement. Management Fees have been adjusted to 4% of EGI. G&A expense has increased due
to auto/travel of $5.5k, miscellaneous expense of $1.1k, and elevator phone of $1k. Payroll is up due to increases in day porter and administrative salaries and benefits. The increase in utilities is
attributed to electricity expenses.
2007: Borrower has not provided Rent Roll, Hence Tenant updates not done. Mahender 3/18/2008.
Income: Per the 12/31/2007 Rent Roll, the property is 97% occupied with an average rent of $16.90/SF. Bad debt has been adjusted to zero. Expense Reimbursement down due to a decrease of $16.1K for
escalations compared to YE 2006.
Expense: Property Insurance per Borrower’s reporting. Real Estate Taxes have been adjusted to Loan Escrow Constant Amount. Management Fees have been adjusted to 4% of EGI. R&M down due to a
decrease of $17.6K for tenant reimb exp.
Capital Expense: Capital Expenditures have been adjusted to the Reserve Replacement level. TI has been adjusted to 67% and LC 33% of the Reserve Replacement level
Base:
2006: Loan was securitized into the BACM 2007-1 portfolio; 2006 financial info will not be reported out on 2007
deals therefore analysis unchecked. RB 05/23/07
Income: Per December '06 rent roll, this property is 91% leased with annual rents of $15.60/SF.
Expense: Management fees have been adjusted to 4% of EGI. Real estate taxes and insurance per Borrower.
Capital Expense: Capital expenditures and TI/LC have been adjusted to the loan escrow amount.
SUBURBAN LODGE ATLANTA 7465 DAVIDSON PARKWAY SOUTH, STOCKBRIDGE, GA
150 UNT Baseline 2006 2007 2008 YTD Variance
Limited Service Hotel 2/28/2007 - 12 mos 12/31/2006 - 12 mos 12/31/2007 - 12 mos 6/30/2008 - 6 mos
Income
Room Revenue 1,227,885 8,186 1,110,883 7,406 1,083,093 7,221 528,900 528,900 528,900 3,526 (51%) (57%)
Food & Beverage Revenue 0 0 0 0 0 0 0 0 0 0 -- --
Telephone Revenue 0 0 77,698 518 27,152 181 25 25 25 0 (100%) --
Other Departmental Revenue 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 18,045 120 15,813 105 6,744 6,744 6,744 45 (57%) --
Departmental Revenue 1,227,885 8,186 1,206,626 8,044 1,126,058 7,507 535,669 535,669 535,669 3,571 (52%) (56%)
Expenses
Departmental
Room Expenses (Departmental) 0 0 189,368 1,262 186,367 1,242 88,207 88,207 88,207 588 (53%) --
Food & Beverage Expense 0 0 0 0 0 0 0 0 0 0 -- --
(Departmental)
Telephone (Departmental) 0 0 26,266 175 25,869 172 10,302 10,302 10,302 69 (60%) --
Other Departmental Expense 0 0 0 0 0 0 0 0 0 0 -- --
Departmental Expenses 0 0 215,634 1,438 212,236 1,415 98,509 98,509 98,509 657 (54%) --
Departmental Income 1,227,885 8,186 990,992 6,607 913,823 6,092 437,161 437,161 437,161 2,914 (52%) (64%)
General/Unallocated
Utilities Expense 0 0 114,070 760 117,567 784 67,036 67,036 67,036 447 (43%) --
Franchise Fees 0 0 35,350 236 32,829 219 15,866 15,866 15,866 106 (52%) --
Management Fees 0 0 48,265 322 45,042 300 26,824 26,824 26,824 179 (40%) --
Advertising & Marketing 0 0 32,493 217 32,975 220 13,221 13,221 13,221 88 (60%) --
Professional Fees 0 0 0 0 12,496 83 7,400 7,400 7,400 49 (41%) --
General & Administrative Expenses 768,844 5,126 122,869 819 146,277 975 31,194 31,194 31,194 208 (79%) (96%)
Other Expenses 0 0 10,000 67 0 0 17,698 17,698 17,698 118 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total General/Unallocated 768,844 5,126 541,249 3,608 563,256 3,755 312,815 312,815 312,815 2,085 (44%) (59%)
Net Operating Income 459,041 3,060 449,743 2,998 350,566 2,337 124,346 124,346 124,346 829 (65%) (73%)
Capital Expenditures 49,115 327 49,116 327 49,116 327 0 0 24,558 164 (50%) (50%)
Total Capital Items 49,115 327 49,116 327 49,116 327 0 0 24,558 164 (50%) (50%)
Net Cash Flow 409,926 2,733 400,627 2,671 301,450 2,010 124,346 124,346 99,788 665 (67%) (76%)
Debt Service 289,064 1,927 289,059 1,927 289,059 1,927 144,530 144,530 144,530 964 (50%) (50%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 120,862 806 111,568 744 12,391 83 (20,184) (20,184) (44,742) (298) (461%) (137%)
DSCR (A) NOI/NCF 1.59 / 1.42 1.56 / 1.39 1.21 / 1.04 0.86 / 0.69
DSCR (A,B) NOI/NCF 1.59 / 1.42 1.56 / 1.39 1.21 / 1.04 0.86 / 0.69
DSCR (A,B,C) NOI/NCF 1.59 / 1.42 1.56 / 1.39 1.21 / 1.04 0.86 / 0.69
Occupancy 76% 74% 70% 69%
05/12/2009 8:28:40 AM Page 10 Of 241

SLD-STOCKBRIDGE LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 289,059 289,059 3,888,241
Status: Performing Tax 54,811 54,811 8,415
Insurance 33,732 33,732 7,896
Reserves:
Replacement 49,116 49,116 18,299
Repair 0 0 22,500
Total: 426,718 426,718
2008:
Income: Income was taken from the Borrowers Y-T-D 6/30/08 Operating Statement.
Expense: Expenses were taken from the Borrower's Y-T-D 6/30/08 Operating Statement. RE. Taxes & Property lnaurance shown above were taken from the 1st & 2nd Qtr Escrow Activity Reports.
Maintenance Wages were classified as Repairs & Maintanance on the previous Analysis but are more accurately classified as Payroll & Benefits.
Capital Expense: Replacement Reserves are escrowed at $4,093.00/month & is shown above as Capital expenditures. Capital expenditures shown on the Borrower's Operating Statement= $17,664.42.
DSCR: Low DSCR due to Low Room Revenue.
2007:
Income: Income was taken from the Borrowers Y-T-D 12/31/07 Operating Statement.
Expense: Expenses were taken from the Borrowers Y-T-D 12/31/2007 Operating Statement. Adjustments were made to Real Estate Taxes to normalize to the $ amount paid. Adjustement were made to
Management Fees to Normalize to 4% of EGI(.04 x S1,126,058.27)
Capital Expense: The Borrower did not show any capital items on the Y-T-D 12/31/2007 operating statement. Adjustements were made to narmalize to the S amount paid into the Replacement Reserve
Escrow($4,093.00/month).
DSCR: Low DSCR due to Low Room Revenue.
2006:
Income: Income was taken from the Borrower's Y-T-D 12/31/06 Operating Statement. This loan closed on 11/07/06 with first payment due on 1/1/07.
Expense: Expenses were taken from the Borrower's Y-T-D 12/31/06 Operating Statement.
Capital Expense: Replacement Reserve is escrowed at $4,093.00/month & is shown above as Capital Expenditures.
Base:
DESERT JEWEL APARTMENTS 800 N. ARIZONA AVE, CHANDLER, AZ
80 UNT Baseline - mos - mos - mos YTD Variance
Multifamily 2/28/2007 - 12 mos
05/12/2009 8:28:40 AM Page 11 Of 241

Norm $ $/UNT Norm $ $/UNT Norm $ $/UNT Reported $ Actual $ Norm $ $/UNT % Base %
Income
Base Rent 789,706 9,871 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 789,706 9,871 0 0 0 0 0 0 0 0 -- --
Expenses
Management Fees 0 0 0 0 0 0 0 0 0 0 -- --
General & Administrative Expenses 287,878 3,598 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 287,878 3,598 0 0 0 0 0 0 0 0 -- --
Operating Expense Ratio 36% 0% 0% 0% 0% 0% -- --
Net Operating Income 501,828 6,273 0 0 0 0 0 0 0 0 -- --
Capital Expenditures 20,000 250 0 0 0 0 0 0 0 0 -- --
Total Capital Items 20,000 250 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 481,828 6,023 0 0 0 0 0 0 0 0 -- (100%)
Debt Service 348,461 4,356 0 0 0 0 0 0 0 0 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 133,367 1,667 0 0 0 0 0 0 0 0 -- (100%)
DSCR (A) NOI/NCF 1.44 / 1.38
DSCR (A,B) NOI/NCF 1.44 / 1.38
DSCR (A,B,C) NOI/NCF 1.44 / 1.38
Occupancy 90%
Management

DESERT JEWEL APARTMENTS, LLC Primary: Northmarq Capital, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 343,688 343,688 5,850,000
Total: 343,688 343,688
05/11/2009 - 1E - DSCR < 1.10. Loan is secured by an 80-unit multifamily property in Chandler, AZ,
built in 2003. The 9/18/2008 inspection rated the Property in Good condition. YE 12/31/2008 NCF
DSCR is 0.86x with 82.5% Occupancy, as determined by the Primary Servicer. The DSCR decline
appears to be the result of occupancy and base rent declines. Bank of America has requested further
clarification from the Primary Servicer regarding reasons for DSCR and Occ declines, however, the
Primary has long maintained that the Borrower is historically unresponsive and uncooperative. Bank of
America will continue to monitor the Loan.
Base:
14221 ARTESIA BOULEVARD 14221 ARTESIA BOULEVARD, LA MIRADA, CA
05/12/2009 8:28:40 AM Page 12 Of 241

Income
Base Rent 735,458 7 0 0 737,264 7 737,264 737,264 737,264 7 -- 0%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 0 0 36,931 0 48,957 48,957 48,957 0 33% --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Property Insurance 0 0 0 0 0 0 0 0 15,321 0 -- --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 23,226 0 0 0 23,587 0 2% --
General & Administrative Expenses 103,335 1 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Operating Expense Ratio 14% 0% 11% 18% 18% 13% 17% (4%)
Net Operating Income 632,122 6 0 0 685,181 7 641,850 641,850 680,572 7 (1%) 8%
Tenant Improvements 41,329 0 0 0 41,329 0 0 0 41,329 0 -- --
Net Cash Flow 575,369 6 0 0 628,427 6 641,850 641,850 623,818 6 (1%) 8%
Debt Service 412,384 4 0 0 339,389 3 340,319 340,319 340,319 3 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.53 / 1.40 2.02 / 1.85 2.00 / 1.83
DSCR (A,B) NOI/NCF 1.53 / 1.40 2.02 / 1.85 2.00 / 1.83
DSCR (A,B,C) NOI/NCF 1.53 / 1.40 2.02 / 1.85 2.00 / 1.83
Occupancy 100% 100% 100%

ARTESIA CAPITAL II, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Suddath Relocation Systems 102,830.00 100.00 7.17 02/01/2011 Loan Property Balance
P & I (Current) 345,898 345,898 6,000,000
Insurance 20,204 20,204 5,618
Reserves:
Tenant Improvements and Leasing 84,136 84,136 203,986
Commissions
Total: 550,841 550,841
2008: Expenses given in Financials are considered as Real Estate Taxes as done in the previous analysis. Mitesh Shah 4/29/2009.
Income: NNN Lease. Single Tenant. Interest only loan.
Expense: Real Estate Tax/Porperty Insurance adjusted per servicer record. Management Fee adjusted to 3% of EGI per UW.
Capital Expense: Capital Expenditure & Tenant Improvements / Leasing Commission adjusted per UW.
2007: NNN Lease. Single Tenant. Expenses in given YE'07 are considered as Real Estate Taxes (compared with Q307 financials).
Please Check. Sangeetha - 4/28/2008.

Income: NNN Lease. Single Tenant. Interest Only Loan.
Expense: Real Estate Taxes adjusted per Servicer Record. Management Fees adjusted to 3% of EGI per UW.
Capital Expense: Capital Expenditures and Tenant Improvements / Leasing Commissions adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 13 Of 241

BROADWAY APARTMENTS 524 32ND STREET, BELLINGHAM, WA
19 UNT Baseline - mos - mos 2008 YTD Variance
Multifamily 2/28/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 252,682 13,299 0 0 0 0 271,871 271,871 271,871 14,309 -- 8%
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 252,682 13,299 0 0 0 0 271,871 271,871 271,871 14,309 -- 8%
Expenses
Management Fees 0 0 0 0 0 0 13,554 13,554 13,594 715 -- --
General & Administrative Expenses 63,480 3,341 0 0 0 0 1,892 1,892 1,892 100 -- (97%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 63,480 3,341 0 0 0 0 63,494 63,494 63,505 3,342 -- 0%
Operating Expense Ratio 25% 0% 0% 23% 23% 23% -- (7%)
Net Operating Income 189,202 9,958 0 0 0 0 208,377 208,377 208,366 10,967 -- 10%
Capital Expenditures 5,700 300 0 0 0 0 5,169 5,169 5,700 300 -- --
Total Capital Items 5,700 300 0 0 0 0 5,169 5,169 5,700 300 -- --
Net Cash Flow 183,502 9,658 0 0 0 0 203,208 203,208 202,666 10,667 -- 10%
Debt Service 151,399 7,968 0 0 0 0 151,399 151,399 151,399 7,968 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 32,102 1,690 0 0 0 0 51,809 51,809 51,267 2,698 -- 60%
DSCR (A) NOI/NCF 1.25 / 1.21 1.38 / 1.34
DSCR (A,B) NOI/NCF 1.25 / 1.21 1.38 / 1.34
DSCR (A,B,C) NOI/NCF 1.25 / 1.21 1.38 / 1.34
Occupancy 100% 100%
Management 5.0%

BELLINGHAM BROADWAY APARTMENTS LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 151,399 151,399 2,087,904
Status: Performing
Total: 151,399 151,399
2008:
Income: Per the 12/31/2008 rent roll, the property is 100% occupied with average rental rates of $1251/unit.
Expense: Property Insurance and Real Estate Taxes have been adjusted to 2008 Disbursement. Management Fees have been adjusted to 5% of EGI.
Base:
TWENTIETH CENTER 14904 BEL-RED ROAD, BELLEVUE, WA
05/12/2009 8:28:40 AM Page 14 Of 241

Shadow Anchored Retail 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 286,612 22 0 0 291,749 22 314,094 314,094 314,094 24 8% 10%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Real Estate Taxes 0 0 0 0 21,859 2 0 0 24,271 2 11% --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 11,670 1 15,734 15,734 12,563 1 8% --
Payroll & Benefits 0 0 0 0 14,587 1 0 0 0 0 (100%) --
General & Administrative Expenses 58,584 4 0 0 108 0 1,622 1,622 1,622 0 1402% (97%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 58,584 4 0 0 91,885 7 40,954 40,954 70,471 5 (23%) 20%
Tenant Improvements 16,064 1 0 0 10,142 1 2,062 2,062 10,142 1 -- (37%)
Capital Expenditures 1,952 0 0 0 1,956 0 0 0 1,956 0 -- 0%
Total Capital Items 18,016 1 0 0 17,093 1 2,062 2,062 17,093 1 -- (5%)
Net Cash Flow 210,012 16 0 0 182,771 14 271,078 271,078 226,530 17 24% 8%
Debt Service 163,547 13 0 0 163,547 13 163,547 163,547 163,547 13 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.39 / 1.28 1.22 / 1.12 1.49 / 1.39
DSCR (A,B) NOI/NCF 1.39 / 1.28 1.22 / 1.12 1.49 / 1.39
DSCR (A,B,C) NOI/NCF 1.39 / 1.28 1.22 / 1.12 1.49 / 1.39
Occupancy 100% 100% 100%

LEX ONE LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

DVC/ESTATE FURNISHINGS 4,482.00 34.34 24.24 08/31/2011 Loan Property Balance
WASH KARATE ASSOC INC 4,431.00 33.95 16.51 06/30/2010 P & I (Current) 163,547 163,547 2,263,919
KUMON LEARNING CENTER 1,590.00 12.18 20.00 11/30/2011
Total: 163,547 163,547
Status: Performing
2008:
Expense: Property Insurance and Real Estate Taxes have been adjusted to 2008 Disbursements. Management Fees have been adjusted to 4% of EGI.
2007:
Income: Per rent roll dated 12/31/2007, occupancy is 100% with average annual rents of $19.53/sf. Per borrower, Washington Karate (4,431 SF, 34% NRA, 6/30/2008) is expected to renew their lease at the
current $15.00 PSF rate. Three tenant leses expiring on 11/30/2008 will not renew, and their replacements are being selected.
Expense: Property Insurance and Real Estate Taxes per Borrower’s reporting. Management Fees have been adjusted to 4% of EGI.
Capital Expense: Capital Expenditures have been adjusted to the Reserve Replacement level. TI has been adjusted to 67% and LC 33% of the Reserve Replacement level.
Base:
05/12/2009 8:28:40 AM Page 15 Of 241

COLONIAL OAKS MOBILE 10425 MIDDLE AVE, ELYRIA, OH
HOME PARK
2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 1,922,083 3,814 0 0 1,847,780 3,666 1,763,891 1,763,891 1,763,891 3,500 (5%) (8%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 61,246 122 58,880 58,880 58,880 117 (4%) --
Effective Gross Income 1,922,083 3,814 0 0 1,909,025 3,788 1,822,771 1,822,771 1,822,771 3,617 (5%) (5%)
Expenses
Management Fees 0 0 0 0 57,271 114 133,276 133,276 54,683 108 (5%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 541,791 1,075 0 0 632,531 1,255 678,516 678,516 599,409 1,189 (5%) 11%
Net Operating Income 1,380,292 2,739 0 0 1,276,494 2,533 1,144,255 1,144,255 1,223,361 2,427 (4%) (11%)
Net Cash Flow 1,355,092 2,689 0 0 1,251,294 2,483 1,144,255 1,144,255 1,198,161 2,377 (4%) (12%)
Debt Service 1,130,558 2,243 0 0 935,724 1,857 938,288 938,288 938,288 1,862 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.22 / 1.20 1.36 / 1.34 1.30 / 1.28
DSCR (A,B) NOI/NCF 1.22 / 1.20 1.36 / 1.34 1.30 / 1.28
DSCR (A,B,C) NOI/NCF 1.22 / 1.20 1.36 / 1.34 1.30 / 1.28

OAKS HOLDING CO Primary: Capstone Realty Advisors Surveillance: Leslie Rupracht
Credit:

P & I (Current) 922,906 922,906 16,300,000
Status: Performing
Total: 922,906 922,906
2008:
Expense: Real Estate Taxes and Insurance adjusted to amounts paid by Capstone in 2008. Management Fees adjusted to underwritten amount of 3% of income.
Capital Expense: Capital Expenditures adjusted to underwritten amount.
2007:
Expense: Real Estate Taxes and Insurance adjusted to amounts paid by Capstone in 2007. Management fees adjusted to Underwritten amount of 3% of Income.
Capital Expense: Capital Expenditure adjusted to underwritten amount.
Base:
CLARION INN CHESTER 2401 WEST HUNDRED RD, CHESTER, VA
05/12/2009 8:28:40 AM Page 16 Of 241

Limited Service Hotel 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Room Revenue 2,327,060 14,103 0 0 2,546,618 15,434 2,160,052 2,160,052 2,160,052 13,091 (15%) (7%)
Telephone Revenue 0 0 0 0 1,435 9 300 300 300 2 (79%) --
Other Departmental Revenue 0 0 0 0 194,465 1,179 923 923 923 6 (100%) --
Other Income 0 0 0 0 6,280 38 195,653 195,653 195,653 1,186 3015% --
Departmental Revenue 2,327,060 14,103 0 0 2,748,798 16,659 2,356,928 2,356,928 2,356,928 14,284 (14%) 1%
Expenses
Departmental
Room Expenses (Departmental) 0 0 0 0 315,361 1,911 113,876 113,876 113,876 690 (64%) --
Food & Beverage Expense 0 0 0 0 0 0 45,979 45,979 45,979 279 -- --
(Departmental)
Telephone (Departmental) 0 0 0 0 27,384 166 20,295 20,295 20,295 123 (26%) --
Departmental Expenses 0 0 0 0 342,744 2,077 180,150 180,150 180,150 1,092 (47%) --
Departmental Income 2,327,060 14,103 0 0 2,406,053 14,582 2,176,778 2,176,778 2,176,778 13,193 (10%) (6%)
General/Unallocated
Utilities Expense 0 0 0 0 172,537 1,046 120,827 120,827 120,827 732 (30%) --
Repairs and Maintenance 0 0 0 0 180,052 1,091 141,347 141,347 141,347 857 (21%) --
Franchise Fees 0 0 0 0 267,176 1,619 212,029 212,029 212,029 1,285 (21%) --
Management Fees 0 0 0 0 96,242 583 7,401 7,401 86,451 524 (10%) --
Payroll & Benefits 0 0 0 0 311,253 1,886 41,016 41,016 41,016 249 (87%) --
Advertising & Marketing 0 0 0 0 297,011 1,800 171,677 171,677 171,677 1,040 (42%) --
General & Administrative Expenses 1,563,859 9,478 0 0 124,740 756 223,347 223,347 223,347 1,354 79% (86%)
Other Expenses 0 0 0 0 4,720 29 25,200 25,200 25,200 153 434% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total General/Unallocated 1,563,859 9,478 0 0 1,594,685 9,665 1,091,169 1,091,169 1,170,219 7,092 (27%) (25%)
Net Operating Income 763,201 4,625 0 0 811,369 4,917 1,085,609 1,085,609 1,006,559 6,100 24% 32%
Net Cash Flow 670,119 4,061 0 0 718,287 4,353 1,085,609 1,085,609 913,477 5,536 27% 36%
Debt Service 555,876 3,369 0 0 555,876 3,369 555,876 555,876 555,876 3,369 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 114,243 692 0 0 162,410 984 529,733 529,733 357,600 2,167 120% 213%
DSCR (A) NOI/NCF 1.37 / 1.21 1.46 / 1.29 1.81 / 1.64
DSCR (A,B) NOI/NCF 1.37 / 1.21 1.46 / 1.29 1.81 / 1.64
DSCR (A,B,C) NOI/NCF 1.37 / 1.21 1.46 / 1.29 1.81 / 1.64

DSRA, LLC Primary: Grandbridge Real Estate Capital, LLC Surveillance: Leslie Rupracht
Credit:

P & I (Current) 555,876 555,876 4,943,059
Status: Performing
Total: 555,876 555,876
2008:
Expense: Management fee adjusted to 4% EGI. Borrower pays RET and Insurance.
Capital Expense: Normalized to U/W.
2007:
Expense: Mangement fee normalized to 4% EGI. Tax expense adjusted to amount due per 2007 tax bills. Insurance not escrowed. Detailed UW unavailable. No adjustment made. Payroll expense includes
management expense. Adjusted assumed management fee from P&B.
Capital Expense: Normalized to UW.
Base:
05/12/2009 8:28:40 AM Page 17 Of 241

KEYSTONE APARTMENTS 145 SOUTH MCDONOUGH STREET, JONESBORO, GA
Income
Gross Potential Rent 0 0 0 0 0 0 1,499,616 1,499,616 1,499,616 8,150 -- --
Vacancy/Collection Loss 0 0 0 0 0 0 (49,545) (49,545) (49,545) (269) -- --
Base Rent 1,391,730 7,564 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 13,057 13,057 13,057 71 -- --
Effective Gross Income 1,391,730 7,564 0 0 0 0 1,463,128 1,463,128 1,463,128 7,952 -- 5%
Expenses
Utilities Expense 0 0 0 0 0 0 245,687 245,687 245,687 1,335 -- --
Repairs and Maintenance 0 0 0 0 0 0 237,847 237,847 237,847 1,293 -- --
Management Fees 0 0 0 0 0 0 101,257 101,257 73,156 398 -- --
Professional Fees 0 0 0 0 0 0 15,340 15,340 15,340 83 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 935,430 5,084 0 0 0 0 919,957 919,957 891,856 4,847 -- (5%)
Net Operating Income 456,300 2,480 0 0 0 0 543,171 543,171 571,272 3,105 -- 25%
Capital Expenditures 59,616 324 0 0 0 0 0 0 59,616 324 -- --
Total Capital Items 59,616 324 0 0 0 0 0 0 59,616 324 -- --
Net Cash Flow 396,684 2,156 0 0 0 0 543,171 543,171 511,656 2,781 -- 29%
Debt Service 128,242 697 0 0 0 0 128,242 128,242 128,242 697 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 3.56 / 3.09 4.45 / 3.99
DSCR (A,B) NOI/NCF 3.56 / 3.09 4.45 / 3.99
DSCR (A,B,C) NOI/NCF 3.56 / 3.09 4.45 / 3.99
Occupancy 98% 98%
Management 5.0%

GRR LLC Primary: Grandbridge Real Estate Capital, LLC Surveillance: Leslie Rupracht
Credit:

P & I (Current) 128,242 128,242 1,405,054
Status: Performing
Total: 128,242 128,242
2007:
Expense: Eliminated interest on mortgage, misc. financial expense, depreciation and amortization, and corporate expenses.Insurance not escrowed and detailed UW unavailable. No adjustment
made.Normalized management fee to 5% EGI.
Base:
05/12/2009 8:28:40 AM Page 18 Of 241

ROYER MANSION 17702 MITCHELL NORTH, IRVINE, CA
16,665 NRSF Baseline - mos - mos - mos YTD Variance
Office 2/28/2007 - 12 mos
Income
Base Rent 350,533 21 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 350,533 21 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 110,142 7 0 0 0 0 0 0 0 0 -- --
Net Operating Income 240,392 14 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 211,870 13 0 0 0 0 0 0 0 0 -- (100%)
Debt Service 175,964 11 0 0 0 0 0 0 0 0 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 35,905 2 0 0 0 0 0 0 0 0 -- (100%)
DSCR (A) NOI/NCF 1.37 / 1.20
Occupancy 100%
Management

ROYER MANSION LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

Madison Harbor 6,062.00 36.38 0.00 09/30/2018 Loan Property Balance
Ndex 4,310.00 25.86 0.00 11/30/2008 P & I (Current) 175,964 175,964 2,345,083
RLG Group 4,023.00 24.14 0.00 09/30/2011
Total: 175,964 175,964
Status: Performing
Base:
VIRGINIA OFFICE BUILDING 2440 NORTH LITCHFIELD ROAD, GOODYEAR, AZ
05/12/2009 8:28:40 AM Page 19 Of 241

Office 2/28/2007 - 12 mos 12/31/2006 - 12 mos 12/31/2007 - 12 mos
Income
Base Rent 411,602 25 0 0 188,524 11 359,117 359,117 359,117 22 90% (13%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 1,653 0 3,234 3,234 3,234 0 96% --
Other Income 0 0 0 0 11,861 1 12,253 12,253 12,253 1 3% --
Expenses
Janitorial 0 0 0 0 15,521 1 10,636 10,636 10,636 1 (31%) --
Management Fees 0 0 0 0 6,004 0 16,036 16,036 14,984 1 150% --
Professional Fees 0 0 0 0 360 0 7,140 7,140 7,140 0 1883% --
Other Expenses 0 0 0 0 7,311 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 140,097 8 0 0 84,098 5 137,236 137,236 136,184 8 62% (3%)
Net Operating Income 271,505 16 0 0 117,940 7 237,368 237,368 238,420 14 102% (12%)
Leasing Commissions 0 0 0 0 6,238 0 27,208 27,208 6,238 0 -- --
Total Capital Items 20,515 1 0 0 21,396 1 27,208 27,208 21,396 1 -- 4%
Net Cash Flow 250,990 15 0 0 96,544 6 210,160 210,160 217,024 13 125% (14%)
Debt Service 207,459 12 0 0 174,847 11 174,858 174,858 174,858 11 0% (16%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 43,531 3 0 0 (78,303) (5) 35,302 35,302 42,166 3 (154%) (3%)
DSCR (A) NOI/NCF 1.31 / 1.21 0.67 / 0.55 1.36 / 1.24
DSCR (A,B) NOI/NCF 1.31 / 1.21 0.67 / 0.55 1.36 / 1.24
DSCR (A,B,C) NOI/NCF 1.31 / 1.21 0.67 / 0.55 1.36 / 1.24

VIRGINIA GROUP, LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

Enterprise Bank 5,546.00 33.36 28.00 03/30/2013 Loan Property Balance
Smith Law Office 3,755.00 22.59 25.46 02/28/2013 P & I (Current) 207,459 207,459 2,888,734
Common Wealth 2,520.00 15.16 27.64 06/30/2011
Total: 207,459 207,459
Status: Performing
2007:
Income: Per rent roll dated 12/31/2007, occupancy is 98% with average annual rents of $27.73/sf. Base rent is up due to the property being in lease up phase for the majority of 2006. Occupancy is up 22%
from one year earlier.
Expense: Property Insurance and Real Estate Taxes per Borrower’s reporting. Management Fees have been adjusted to 4% of EGI. Professional Fees are down from 2006 due to a decrease in legal and
accounting fees. Utilities expense is up due to occupancy increase. Repair and Maintenance is up due to increases in equipment leasing and elevator maintenance.
2006: Loan was securitized in BACM 2007-1. DSCR based on YE 2006 which will not be reported out for BACM 2007-1 - analysis unchecked. JDW
Income: Per the 12/31/2006 rent roll, the property is 76% occupied with average rents of $25.66/SF. The base rent is low due to the property being new constuction and still in the lease up period. Projected
base rent for 2007 is $316193.
Expense: Taxes and insurance per borrower's reporting. Mangement fees have been adjsuted to 4% of EGI.
Capital Expense: Capex and TI/LC have been adjusted to loan reserve amounts.
Base:
LINCOLN RIDGE RETAIL 1500 DEL WEBB BLVD, LINCOLN, CA
05/12/2009 8:28:40 AM Page 20 Of 241

Unanchored Retail 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 795,750 38 0 0 649,776 31 557,469 557,469 557,469 27 (14%) (30%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 463 0 173,567 173,567 0 0 (100%) --
Expenses
Property Insurance 0 0 0 0 6,014 0 0 0 6,085 0 1% --
Janitorial 0 0 0 0 1,908 0 2,111 2,111 2,111 0 11% --
Management Fees 0 0 0 0 34,553 2 35,151 35,151 28,673 1 (17%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Capital Expenditures 3,115 0 0 0 3,115 0 (38) (38) 3,114 0 0% 0%
Total Capital Items 33,276 2 0 0 3,115 0 (38) (38) 3,114 0 0% (91%)
Net Cash Flow 563,179 27 0 0 663,041 32 678,740 678,740 502,414 24 (24%) (11%)
Debt Service 441,532 21 0 0 441,532 21 441,532 441,532 441,532 21 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.35 / 1.28 1.51 / 1.50 1.14 / 1.14
DSCR (A,B) NOI/NCF 1.35 / 1.28 1.51 / 1.50 1.14 / 1.14
DSCR (A,B,C) NOI/NCF 1.35 / 1.28 1.51 / 1.50 1.14 / 1.14
Occupancy 100% 100% 100%

PACIFICA PARK APARTMENTS LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

WELLS FARGO BANK 2,396.00 11.54 34.20 09/30/2015 Loan Property Balance
THE PANTRY 2,100.00 10.11 31.47 02/28/2010 P & I (Current) 441,532 441,532 6,024,713
SUN RIDGE REAL ESTATE, INC. 1,980.00 9.54 31.83 02/28/2010
Total: 441,532 441,532
Status: Performing
2008:
Income: Per the 12/31/2008 rent roll, the property is 100% occupied with an average annual rental rate of $31.52/sf. Lease termination income and prepaid rent have been adjusted to zero. Expense
reimbursements have decreased due to lower cam income.
Expense: Real estate taxes and property insurance have been adjusted per actual 2008 disbursements. Management fees have been adjusted to 4% of EGI. Professional fees expense has increased due to
higher legal costs.
Capital Expense: Capital expenditures have been adjusted to $0.15/sf.
DSCR: NOI and DSCR have fallen due to decreases in base rent and expense reimbursements along with an increase in total operating expenses.
2007:
Income: Per the 12/31/2007 rent roll, the property was 100% occupied with average rent of $31.35/sf. Prepaid Rent has been adjusted to zero.
Capital Expense: Capital Expenditures have been adjusted to .15/SF.
Base:
05/12/2009 8:28:40 AM Page 21 Of 241

WOODLAND CENTER- 541-571 EASTPARK COURT, SANDSTONE, VA
RICHMOND
Income
Base Rent 383,244 11 0 0 426,390 13 428,136 428,136 428,136 13 0% 12%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 17,056 1 0 0 17,125 1 0% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 259,700 8 0 0 282,528 8 362,134 362,134 289,947 9 3% 12%
Debt Service 216,982 6 0 0 181,451 5 181,451 181,451 181,451 5 -- (16%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.30 / 1.20 1.68 / 1.56 1.72 / 1.60
DSCR (A,B) NOI/NCF 1.30 / 1.20 1.68 / 1.56 1.72 / 1.60
DSCR (A,B,C) NOI/NCF 1.30 / 1.20 1.68 / 1.56 1.72 / 1.60
Occupancy 100% 100% 100%

SUMMERHILL DEVELOPMENT LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

COUNTY OF HENRICO (POLICE DEPT) 16,200.00 47.81 13.42 09/30/2014 Loan Property Balance
MID ATLANTIC ENTRY SYSTEMS, INC 6,000.00 17.71 9.76 06/30/2014 P & I (Current) 178,965 178,965 3,075,000
CANNON HYGIENE, INC 5,843.00 17.24 8.11 10/31/2011
Total: 178,965 178,965
Status: Performing
2008:
Income: Per the 12/31/08 rent roll, the property is 100% occupied with an average annual rental rate of $10.98/SF.
DSCR: Debt service payments are interest only; fixed rate.
2007:
Income: Per the 04/30/2008 rent roll, the property was 100% occupied with average rent of $11.14/sf.
Expense: Property Insurance per Borrower’s reporting. Real Estate Taxes have been adjusted to 2007 Disbursements. Management Fees have been adjusted to 4% of EGI.
Capital Expense: Capital Expenditures have been adjusted to the Reserve Replacement Level. Tenant Improvements have been adjusted to 67% and Leasing Commissions to 33% of the Reserve
Replacement Level.
Base:
05/12/2009 8:28:40 AM Page 22 Of 241

DEL AMO SQUARE 4900 PALO VERDE, LAKEWOOD, CA
Income
Base Rent 308,836 47 0 0 243,695 37 187,240 187,240 187,240 28 (23%) (39%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 12,412 2 0 0 9,985 2 (20%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Capital Expenditures 992 0 0 0 992 0 0 0 744 0 (25%) (25%)
Net Cash Flow 219,565 33 0 0 170,908 26 188,804 188,804 131,380 20 (23%) (40%)
Debt Service 173,542 26 0 0 173,542 26 130,156 130,156 130,156 20 (25%) (25%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 46,023 7 0 0 (2,634) 0 58,648 58,648 1,224 0 (146%) (97%)
DSCR (A) NOI/NCF 1.33 / 1.27 1.05 / 0.98 1.08 / 1.01
DSCR (A,B) NOI/NCF 1.33 / 1.27 1.05 / 0.98 1.08 / 1.01
DSCR (A,B,C) NOI/NCF 1.33 / 1.27 1.05 / 0.98 1.08 / 1.01
Occupancy 100% 100% 100%

4900 PALO VERDE BLVD LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

It's a Grind Coffee House 1,495.00 22.61 0.00 08/31/2016 Loan Property Balance
My Realty 1,332.00 20.14 0.00 10/31/2011 P & I (Current) 173,542 173,542 2,334,113
Advance America, Cash Adv. 1,262.00 19.08 0.00 10/31/2011
Total: 173,542 173,542

02/10/2009 - 1E - DSCR < 1.10; previously 6A - Other (Financial Reporting Past Due). Loan is secured
by a 6613 sf unanchored retail property in Lakewood, CA, built in 2006. The 7/24/2008 inspection rated
the Property in Good condition. YTD 9/30/2008 NCF DSCR is 1.01x with 100% Occupancy as of
10/31/2008. Loan was U/W at 1.27x with 100% Occ. Per the Primary Servicer, higher CAM Income at
YTD 9/30/2008 has led to increased in Expense Reimbursements, which has resulted in a slightly
improved DSCR as compared to YE 2007. Bank of America has requested that the Primary Sevicer
obtain Borrower's clarification for continued below-threshold DSCR; awaiting a response.
05/12/2009 8:28:40 AM Page 23 Of 241

2008:
Income: Per the 10/01/2008 rent roll, the property is 100% occupied with an average annual rental rate of $38.15/sf. Expense reimbursements have increased due to higher cam income.
Expense: Real estate taxes and property insurance have been adjusted per actual 2008 disbursements. Management fees have been adjusted to 4% of EGI. Repairs & maintenance expense has increased
due to higher cam costs.
DSCR: No underwriting is available for comparison. The borrower did not provide a detailed operating statement.
2007:
Income: Per rent roll dated 12/31/2007, property is 100% occupied with an average rental rate of $36.85/SF.
Expense: Adjusted taxes to the '07 disbursement amount. Adjusted Insurance to the loan escrow constant amount. Management fees have been adjusted to 4% of EGI. Excluded non-billable expenses.
Capital Expense: Capital Expenditures have been adjusted to the reserve replacement levels. TI has been adjusted to 67% and LC has been adjusted to 33% of loan escrow constant
Base:
05/12/2009 8:28:40 AM Page 24 Of 241

GREGORY COVE 5601 EDENFIELD ROAD, JACKSONVILLE, FL
APARTMENTS
Multifamily 2/28/2007 - 12 mos 12/31/2006 - 12 mos 12/31/2007 - 12 mos 9/30/2008 - 9 mos
Income
Base Rent 2,055,941 7,139 1,800,322 6,251 1,911,172 6,636 1,298,403 1,298,403 1,298,403 4,508 (32%) (37%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 179,500 623 184,667 641 117,920 117,920 117,920 409 (36%) --
Effective Gross Income 2,055,941 7,139 1,979,822 6,874 2,095,839 7,277 1,416,323 1,416,323 1,416,323 4,918 (32%) (31%)
Expenses
Management Fees 0 0 79,193 275 83,834 291 48,103 48,103 56,653 197 (32%) --
Payroll & Benefits 0 0 280,370 974 288,886 1,003 325,199 325,199 325,199 1,129 13% --
General & Administrative Expenses 1,012,760 3,517 215,159 747 206,013 715 86,723 86,723 86,723 301 (58%) (91%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 1,012,760 3,517 1,095,707 3,805 1,112,401 3,863 882,351 882,351 804,206 2,792 (28%) (21%)
Net Operating Income 1,043,181 3,622 884,115 3,070 983,438 3,415 533,972 533,972 612,117 2,125 (38%) (41%)
Capital Expenditures 72,000 250 72,000 250 72,000 250 31,719 31,719 54,000 188 (25%) (25%)
Total Capital Items 72,000 250 72,000 250 72,000 250 31,719 31,719 54,000 188 (25%) (25%)
Net Cash Flow 971,181 3,372 812,115 2,820 911,438 3,165 502,253 502,253 558,117 1,938 (39%) (43%)
Debt Service 773,673 2,686 773,674 2,686 645,746 2,242 493,598 493,598 493,598 1,714 (24%) (36%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.35 / 1.26 1.14 / 1.05 1.52 / 1.41 1.24 / 1.13
DSCR (A,B) NOI/NCF 1.35 / 1.26 1.14 / 1.05 1.52 / 1.41 1.24 / 1.13
DSCR (A,B,C) NOI/NCF 1.35 / 1.26 1.14 / 1.05 1.52 / 1.41 1.24 / 1.13
Occupancy 98% 98% 96% 86%

VESTCOR FUND XXII LTD Primary: Grandbridge Real Estate Capital, LLC Surveillance: Leslie Rupracht
Credit:

P & I (Current) 636,900 636,900 11,000,000
Total: 636,900 636,900
05/11/2009 - 1E - DSCR < 1.10. Loan is secured by a 14-building, 288-unit multifamily property in
Jacksonville, FL, built in 2003. The 10/15/2008 inspection rated the Property in Good condition. YE
12/31/2008 NCF DSCR is 1.04x with 80% Occ. According to the Primary Servicer, the YE08 DSCR
decline is attributed primarily to increased vacancy, concessions, leases below market rent, and vacant
unit UTL expenses when compared to PYE. YE08 A&M expenses such as road banners and
newspaper ads increased with Borrower's efforts to improve occupancy. YE08 UTL expenses
increased due to increased electric and water expenses for vacant units. Bank of America has
requested a leasing/marketing update from the Primary Servicer and will continue to monitor the Loan.
2008:
Expense: Real Estate Taxes and Property Insurance adjusted using monthly constants. Managment Fees adjusted to 4% EGI.
Capital Expense: Capital Expenditures normalized to 75% U/W.
2007:
Expense: RET and insurance were adjusted to actual amounts in 2007. management fee was adjusted to 4% of EGI
Capital Expense: Cap ex was adjusted to U/W
Base:
2006: Loan is in BACM 2007-1 - 2006 financials will not be reported on 2007 deals therefore analysis unchecked. RB
Expense: Actual real estate taxes and insurance premiums paid by the Borrower in 2006 & were used in the analysis. A 4% management fee was added to the statement.
Capital Expense: Capex is per Underwriting in 2006.
05/12/2009 8:28:40 AM Page 25 Of 241

HAMPTON INN-DOWNTOWN 105 S. MERIDIAN STREET, INDIANAPOLIS, IN
INDIANAPOLIS
UNT Baseline - mos 2007 2008 YTD Variance
Income
Room Revenue 6,081,074 0 0 0 5,997,996 0 3,078,761 3,078,761 3,078,761 0 (49%) (49%)
Telephone Revenue 0 0 0 0 3,981 0 1,363 1,363 1,363 0 (66%) --
Other Departmental Revenue 0 0 0 0 362,280 0 191,026 191,026 191,026 0 (47%) --
Other Income 0 0 0 0 88,020 0 33,195 33,195 33,195 0 (62%) --
Departmental Revenue 6,081,074 0 0 0 6,452,277 0 3,304,345 3,304,345 3,304,345 0 (49%) (46%)
Expenses
Departmental
Room Expenses (Departmental) 0 0 0 0 1,254,349 0 196,381 196,381 196,381 0 (84%) --
(Departmental)
Other Departmental Expense 0 0 0 0 300,757 0 88,990 88,990 88,990 0 (70%) --
Departmental Expenses 0 0 0 0 1,582,604 0 298,674 298,674 298,674 0 (81%) --
Departmental Income 6,081,074 0 0 0 4,869,673 0 3,005,671 3,005,671 3,005,671 0 (38%) (51%)
General/Unallocated
Franchise Fees 0 0 0 0 240,813 0 116,552 116,552 116,552 0 (52%) --
Management Fees 0 0 0 0 301,946 0 154,910 154,910 154,910 0 (49%) --
Advertising & Marketing 0 0 0 0 633,858 0 197,051 197,051 197,051 0 (69%) --
Professional Fees 0 0 0 0 19,051 0 0 0 0 0 (100%) --
General & Administrative Expenses 3,858,056 0 0 0 597,132 0 128,282 128,282 121,639 0 (80%) (97%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 6,250 6,250 6,250 0 -- --
Total General/Unallocated 3,858,056 0 0 0 2,626,383 0 1,707,872 1,707,872 1,701,229 0 (35%) (56%)
Net Operating Income 2,223,018 0 0 0 2,243,290 0 1,297,799 1,297,799 1,304,442 0 (42%) (41%)
Net Cash Flow 1,918,964 0 0 0 1,939,236 0 1,297,799 1,297,799 1,152,415 0 (41%) (40%)
Debt Service 816,181 0 0 0 816,181 0 408,090 408,090 408,090 0 (50%) (50%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 1,102,783 0 0 0 1,123,056 0 889,709 889,709 744,325 0 (34%) (33%)
DSCR (A) NOI/NCF 2.72 / 2.35 2.75 / 2.38 3.20 / 2.82
DSCR (A,B) NOI/NCF 2.72 / 2.35 2.75 / 2.38 3.20 / 2.82
DSCR (A,B,C) NOI/NCF 2.72 / 2.35 2.75 / 2.38 3.20 / 2.82

105 S MERIDIAN INC Primary: Grandbridge Real Estate Capital, LLC Surveillance: Leslie Rupracht
Credit:

P & I (Current) 805,000 805,000 14,000,000
Status: Performing
Total: 805,000 805,000
2008:
Expense: RET and insurance are actual amounts paid out in 6 month period; RET and insurance are not escrowed. Management Fees represents borrower's actuals @ 4.68% of Departmental Revenue.
Capital Expense: Cap Ex normalized to 50% of U/W.
2007:
Expense: Real estate tax expense adjusted to 2007 tax bill amounts. Property insurance not escrowed. Detailed U/W unavailable. No adjustment made.
Capital Expense: Normalized to UW.
Base:
05/12/2009 8:28:40 AM Page 26 Of 241

EAST PARK ESTATES 2420 SYCAMORE STREET, GREEN BAY, WI
Income
Base Rent 1,190,625 6,201 997,256 5,194 1,061,443 5,528 1,174,667 1,174,667 1,174,667 6,118 11% (1%)
Laundry/Vending 0 0 29,684 155 36,630 191 33,955 33,955 33,955 177 (7%) --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 230 1 8,218 43 9,418 9,418 9,418 49 15% --
Effective Gross Income 1,190,625 6,201 1,027,170 5,350 1,106,291 5,762 1,218,040 1,218,040 1,218,040 6,344 10% 2%
Expenses
Real Estate Taxes 0 0 163,817 853 164,999 859 0 0 169,403 882 3% --
Property Insurance 0 0 20,332 106 17,385 91 0 0 21,040 110 21% --
Management Fees 0 0 41,087 214 44,252 230 75,110 75,110 48,722 254 10% --
Professional Fees 0 0 1,488 8 880 5 0 0 0 0 (100%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 546,979 2,849 503,007 2,620 510,247 2,658 341,378 341,378 505,433 2,632 (1%) (8%)
Net Operating Income 643,646 3,352 524,163 2,730 596,044 3,104 876,662 876,662 712,607 3,711 20% 11%
Capital Expenditures 30,931 161 30,931 161 30,931 161 5,346 5,346 30,931 161 -- 0%
Total Capital Items 30,931 161 30,931 161 30,931 161 5,346 5,346 30,931 161 -- 0%
Net Cash Flow 612,715 3,191 493,232 2,569 565,113 2,943 871,316 871,316 681,676 3,550 21% 11%
Debt Service 499,680 2,603 424,017 2,208 424,017 2,208 424,017 424,017 424,017 2,208 -- (15%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 113,034 589 69,215 360 141,096 735 447,299 447,299 257,659 1,342 83% 128%
DSCR (A) NOI/NCF 1.29 / 1.23 1.24 / 1.16 1.41 / 1.33 1.68 / 1.61
DSCR (A,B) NOI/NCF 1.29 / 1.23 1.24 / 1.16 1.41 / 1.33 1.68 / 1.61
DSCR (A,B,C) NOI/NCF 1.29 / 1.23 1.24 / 1.16 1.41 / 1.33 1.68 / 1.61
Occupancy 93% 92% 99% 98%

PAGE BELLEVUE II LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 418,209 418,209 6,900,000
Status: Performing
Total: 418,209 418,209
2008:
Income: Per the 12/19/2008 rent roll, the property is 98% occupied. Base rent is up due to increased occupancy. Since 06/30/2007 occupancy has increased from 86% to 98%.
Expense: Real estate taxes and property insurance were adjusted to 2008 disbursements. Management fees have been adjusted to 4% of EGI.
Capital Expense: Capital expenditures were adjusted to the reserve replacement amount. Actual expenditures include $5.1K of replacement expenses and $241 of property improvements.
DSCR: Debt service payments are interest only; fixed rate. DSCR and NOI are up due to increased base rent.
2007:
Income: Per 12/24/07 rent roll, the property is 99% occupied.
Capital Expense: Capital Expenditures have been adjusted to the Reserve Replacement Levels. Reported Cap Ex includes $5K of replacements, $1K of Property Improvements.
Base:
2006:
Income: Per 1/3/2007 rent roll, this property is 92% occupied.
Expense: Taxes have been adjusted to loan escrow constant. Insurance per Borrower's reporting. Management fees have been adjusted to 4% of EGI.
Capital Expense: Capital expenditures have been adjusted to the Reserve Replacement Levels.
05/12/2009 8:28:40 AM Page 27 Of 241

POND PLACE MEDICAL 166 WATERBURY ROAD, PROSPECT, CT
OFFICE
Income
Base Rent 1,230,454 24 1,117,304 22 656,808 13 968,223 968,223 968,223 19 47% (21%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 445,581 9 263,252 5 0 0 0 0 (100%) --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 12,329 0 0 0 750 750 750 0 -- --
Effective Gross Income 1,230,454 24 1,575,214 31 920,060 18 968,973 968,973 968,973 19 5% (21%)
Expenses
Real Estate Taxes 0 0 151,999 3 70,209 1 0 0 77,260 2 10% --
Janitorial 0 0 31,884 1 11,551 0 2,290 2,290 2,290 0 (80%) --
Management Fees 0 0 63,008 1 36,803 1 0 0 38,759 1 5% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 864,388 17 661,340 13 596,354 12 648,681 648,681 532,662 10 (11%) (38%)
Leasing Commissions 0 0 10,901 0 8,175 0 11,300 11,300 9,084 0 11% --
Tenant Improvements 33,032 1 22,131 0 16,599 0 0 0 18,443 0 11% (44%)
Capital Expenditures 7,451 0 7,451 0 5,588 0 0 0 6,209 0 11% (17%)
Total Capital Items 40,483 1 40,483 1 30,362 1 11,300 11,300 33,736 1 11% (17%)
Net Cash Flow 823,905 16 620,857 12 565,992 11 637,381 637,381 498,926 10 (12%) (39%)
Debt Service 663,397 13 546,047 11 409,535 8 455,039 455,039 455,039 9 11% (31%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.30 / 1.24 1.21 / 1.14 1.46 / 1.38 1.17 / 1.10
DSCR (A,B) NOI/NCF 1.30 / 1.24 1.21 / 1.14 1.46 / 1.38 1.17 / 1.10
DSCR (A,B,C) NOI/NCF 1.30 / 1.24 1.21 / 1.14 1.46 / 1.38 1.17 / 1.10
Occupancy 83% 82% 83% 84%

PROSPECT MEDICAL, LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

PRIMARY CARE PARTNERS, P.C. 13,600.00 26.77 19.25 02/28/2019 Loan Property Balance
NAUGATUCK VALLEY RADIOLOGY 7,231.00 14.24 23.62 08/31/2016 P & I (Current) 663,397 663,397 9,609,615
CARLSON THERAPY NETWORK 5,000.00 9.84 23.50 07/30/2012
Total: 663,397 663,397
Status: Performing
05/12/2009 8:28:40 AM Page 28 Of 241

2008:
Income: Per the 11/18/08 rent roll, the property is 83.5% occupied with an average annual rental rate of $22.07/SF. Per borrower, base rent has increased due to reimbursements being included with the
rental income as one amount.
Expense: Property Insurance per borrower's reporting. Real Estate Taxes have been adjusted to the 2008 actual disbursement. Management Fees have been adjusted to 4% of EGI. G&A includes
miscellaneous, office, and telephone expenses. R&M expense is for flower and garden, electrical repairs, and HVAC expenses.
DSCR: Debt service payments are interest only; fixed rate. Borrower did not provide a YE 2007 financial statement for analysis comparison.
2007: Borrower has not provided the rent roll, hence Tenant updates not done. Mahender 1/8/08
Income: Per the 10/01/2007 rent roll, the property is 83% occupied with average annual rents of $21.51/sf. Base rent is down due to a decline in the average in-place rental rate. Per the 10/01/2007 rent roll
the average rental rate is $21.51/sf as compared to 2/01/2007 where the average rental rate was $27.37/sf.
Expense: Real estate taxes have been adjusted per the loan escrow constant. Property insurance has been adjusted per actual 2007 disbursements. Management fees have been adjusted to 4% of EGI.
Repairs & maintenance expense has decreased due to lower grounds maintenance and general repair costs. Professional fees expense has decreased due to lower accounting, legal, and other
professional fee costs. General & administrative expense has decreased due to lower superintendent fees and state tax costs.
2006:
Income: Per the 2/7/2007 rent roll, the property was 82% occupied with average annual rents of $27.37/SF.
Expense: Taxes and insurance are per borrower's reporting. Management fees have been adjusted to 4% of EGI.
Capital Expense: Capital expenditures have been adjusted to reserve level. TI/LC have been adjusted to loan escrow requirements.
Base:
LETTER OF CREDIT
No statement line items returned

PROSPECT MEDICAL, LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 663,397 0 9,609,615
Status: Performing
Total: 663,397 0
No footnotes returned
WELLINGTON PLACE 2801 WELLINGTON CIRCLE, ROGERS, AR
05/12/2009 8:28:40 AM Page 29 Of 241

Income
Base Rent 1,047,416 7,174 0 0 1,090,166 7,467 948,411 948,411 948,411 6,496 (13%) (9%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 2,927 20 12,507 12,507 12,507 86 327% --
Effective Gross Income 1,047,416 7,174 0 0 1,093,093 7,487 960,918 960,918 960,918 6,582 (12%) (8%)
Expenses
Property Insurance 0 0 0 0 34,645 237 5,002 5,002 34,645 237 -- --
Management Fees 0 0 0 0 43,724 299 0 0 38,437 263 (12%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 618,774 4,238 0 0 661,133 4,528 679,532 679,532 539,764 3,697 (18%) (13%)
Net Cash Flow 582,274 3,988 0 0 624,633 4,278 679,532 679,532 503,264 3,447 (19%) (14%)
Debt Service 482,709 3,306 0 0 482,709 3,306 482,709 482,709 482,709 3,306 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.28 / 1.21 1.37 / 1.29 1.12 / 1.04
DSCR (A,B) NOI/NCF 1.28 / 1.21 1.37 / 1.29 1.12 / 1.04
DSCR (A,B,C) NOI/NCF 1.28 / 1.21 1.37 / 1.29 1.12 / 1.04

WELLINGTON PLACE, LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 482,709 482,709 5,418,576
Total: 482,709 482,709
04/09/2009 - 1E - DSCR < 1.10. Loan is secured by a 146-unit multifamily apartment complex in
Rogers, AR, built in phases in 1996/2001. The 8/11/2008 inspection rated the Property in Good
condition. YE 12/31/2008 NCF DSCR is 1.04x with 94.5% Occupancy, based on 8 vacant units as of
12/31/2008. Loan was U/W at 1.21x with 99.3% Occ. YE 2008 Base Rents are a 9.5% decline from
U/W, and 13% below YE 2007. While Other Income jumped 327.3% since PYE, an increase of approx
$10K, EGI still declined 12% in the last year, and 8.3% from U/W. Total Operating Expenses are 1.7%
below U/W and 2.5% less than YE07. However, the resulting NCF is still a 13.6% decline from U/W,
and 19.4% drop from YE07. According to the Primary Servicer, the average monthly rental rate at YE08
was $592 per unit, and Base Rent has decreased due to lower occupancy in the first half of 2008, when
it ranged from 80-86%. Occ was 80.1% at YE07. Wal-Mart corporate leases a certain number of units,
and occasionally pre-pays rent as much as three months in advance; this practice has become less of
an issue since loan U/W, however, it may still be a factor to some extent in the DSCR decline. Bank of
America has requested that the Primary Servicer obtain Borrower's clarification regarding decreased
Rental Income while Occ has increased 15.2% in the last year; awaiting a response.
2008:
Income: Per 12/31/08 rent roll, the property is 97% occupied with an average rental rate of $592/unit. Base Rent is down due to lower occupancy in the first half of the year when it ranged from 80-86%.
Expense: Taxes and insurance per 2008 disbursements. Management fees have been adjusted to 5% of EGI. P&B is down due to a $19K decrease in Salaries.
Capital Expense: Capital Expenditures adjusted to reserve replacement escrow.
2007:
Income: Per the 12/31/2007 rent roll, the property was 80% occupied with average monthly rental rates of $393/unit.
Base:
05/12/2009 8:28:40 AM Page 30 Of 241

VILLAGE ON THE GREEN 2975 CONTINENTAL COLONY PARKWAY SW, ATLANTA, GA
APARTMENTS
Income
Base Rent 2,242,248 10,381 0 0 2,136,702 9,892 2,163,086 2,163,086 2,163,086 10,014 1% (4%)
Laundry/Vending 0 0 0 0 1,160 5 345 345 345 2 (70%) --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 115,836 536 89,458 89,458 127,239 589 10% --
Effective Gross Income 2,242,248 10,381 0 0 2,253,698 10,434 2,252,889 2,252,889 2,290,670 10,605 2% 2%
Expenses
Real Estate Taxes 0 0 0 0 238,582 1,105 239,004 239,004 285,454 1,322 20% --
Management Fees 0 0 0 0 90,148 417 85,203 85,203 91,627 424 2% --
General & Administrative Expenses 894,640 4,142 0 0 78,662 364 51,513 51,513 51,513 238 (35%) (94%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 894,640 4,142 0 0 962,376 4,455 938,134 938,134 991,008 4,588 3% 11%
Net Operating Income 1,347,608 6,239 0 0 1,291,322 5,978 1,314,755 1,314,755 1,299,662 6,017 1% (4%)
Capital Expenditures 26,136 121 0 0 26,136 121 14,987 14,987 26,136 121 -- --
Total Capital Items 26,136 121 0 0 26,136 121 14,987 14,987 26,136 121 -- --
Net Cash Flow 1,321,472 6,118 0 0 1,265,186 5,857 1,299,768 1,299,768 1,273,526 5,896 1% (4%)
Debt Service 1,072,851 4,967 0 0 915,047 4,236 915,047 915,047 915,047 4,236 -- (15%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 248,621 1,151 0 0 350,139 1,621 384,721 384,721 358,479 1,660 2% 44%
DSCR (A) NOI/NCF 1.26 / 1.23 1.41 / 1.38 1.42 / 1.39
DSCR (A,B) NOI/NCF 1.26 / 1.23 1.41 / 1.38 1.42 / 1.39
DSCR (A,B,C) NOI/NCF 1.26 / 1.23 1.41 / 1.38 1.42 / 1.39

VILLAGE ON THE GREEN LIMITED PARTNERSHIP Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 1,072,851 1,072,851 14,632,196
Status: Performing
Total: 1,072,851 1,072,851
2008:
Income: Per 12/31/2008 rent roll, property is 90% occupied with average monthlyrents of $892/unit. Bad Debt and Lease Termination Income has been adjusted to zero.
Expense: Property Insurance and Real Estate Taxes have been adjusted to 2008 Disbursement. Management Fees have been adjusted to 4% if EGI.
DSCR: Debt Service payments are interest only, fixed rate.
2007:
Income: Bad debt has been adjusted to zero. Lease termination fees have been adjusted to zero. Per 12/31/07 rent roll, the property is 94% occupied with an average rental rate of $895/unit.
Capital Expense: Capital Expenditures have been adjusted to the Reserve Replacement Level. Reported Cap Ex includes $3K of HVAC Replacement.
Base:
05/12/2009 8:28:40 AM Page 31 Of 241

STAPLES - PENDLETON PIKE 10422 PENDLETON PIKE, LAWERENCE, IN
Anchored Shopping Center 2/28/2007 - 12 mos
Income
Base Rent 361,804 18 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 258,738 13 0 0 0 0 0 0 0 0 -- (100%)
Debt Service 189,672 9 0 0 0 0 0 0 0 0 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.43 / 1.36
Occupancy 100%
Management

ARAN INVESTMENTS LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

Staples, Inc. 20,395.00 100.00 0.00 10/31/2016 Loan Property Balance
P & I (Current) 189,672 189,672 2,596,764
Status: Performing
Total: 189,672 189,672
Base:
INDIAN HILLS APARTMENTS 19101 EUCLID AVE, EUCLID, OH
05/12/2009 8:28:40 AM Page 32 Of 241

1,574 UNT Baseline 2006 2007 2008 YTD Variance
Income
Base Rent 8,836,450 5,614 9,068,292 5,761 9,175,710 5,830 9,587,702 9,587,702 9,587,702 6,091 4% 9%
Laundry/Vending 0 0 222,607 141 233,065 148 238,584 238,584 238,584 152 2% --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 94,900 60 98,790 63 264,881 264,881 264,881 168 168% --
Expenses
Utilities Expense 0 0 1,216,719 773 1,120,130 712 1,546,209 1,546,209 1,546,209 982 38% --
Management Fees 0 0 469,290 298 380,303 242 0 0 403,647 256 6% --
Professional Fees 0 0 6,300 4 6,300 4 6,300 6,300 6,300 4 -- --
General & Administrative Expenses 4,539,592 2,884 174,893 111 172,515 110 172,633 172,633 172,633 110 0% (96%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 4,539,592 2,884 4,206,661 2,673 4,004,293 2,544 3,977,330 3,977,330 4,380,991 2,783 9% (3%)
Net Operating Income 4,296,858 2,730 5,179,138 3,290 5,503,272 3,496 6,113,837 6,113,837 5,710,176 3,628 4% 33%
Capital Expenditures 393,500 250 393,500 250 393,500 250 0 0 393,500 250 -- --
Total Capital Items 393,500 250 393,500 250 393,500 250 0 0 393,500 250 -- --
Net Cash Flow 3,903,358 2,480 4,785,638 3,040 5,109,771 3,246 6,113,837 6,113,837 5,316,676 3,378 4% 36%
Debt Service 3,221,329 2,047 2,664,211 1,693 2,664,211 1,693 2,671,510 2,671,510 2,671,510 1,697 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 682,029 433 2,121,427 1,348 2,445,560 1,554 3,442,327 3,442,327 2,645,165 1,681 8% 288%
DSCR (A) NOI/NCF 1.33 / 1.21 1.94 / 1.80 2.07 / 1.92 2.14 / 1.99
DSCR (A,B) NOI/NCF 1.33 / 1.21 1.94 / 1.80 2.07 / 1.92 2.14 / 1.99
DSCR (A,B,C) NOI/NCF 1.33 / 1.21 1.94 / 1.80 2.07 / 1.92 2.14 / 1.99
Occupancy 92% 93% 93% 95%

NIEDERST INDIAN HILLS LLC Primary: Capstone Realty Advisors Surveillance: Leslie Rupracht
Credit:

P & I (Current) 3,221,328 3,221,328 46,350,893
Status: Performing
Total: 3,221,328 3,221,328
2008:
Expense: Real Estate Taxes and Insurance adjusted to amount paid by Capstone in 2008. Management Fee adjusted to underwritten amount of 4% of income.
2007:
Income: Interest only Loan.
Expense: Real Estate Taxes and Insurance adjusted to amount paid by Capstone in 2007. Management Fees adjusted to 4% of EGI per UW.
Capital Expense: Capital Expenditure adjusted per UW.
DSCR: Debt Service adjusted per Servicer record.
2006:
Income: Borrower took ownership of property in April 2006. Income items have been annualized.
Expense: Borrower took ownership of property in April 2006. Expense items have been annualized.
Base:
05/12/2009 8:28:40 AM Page 33 Of 241

RIVERHEAD COMMONS 721 EAST MAIN STREET, RIVERHEAD, NY
Unanchored Retail 2/28/2007 - 12 mos 12/31/2007 - 12 mos
Income
Base Rent 2,783,690 189 0 0 0 0 2,278,256 2,278,256 2,278,256 155 -- (18%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 2,783,690 189 0 0 0 0 2,278,256 2,278,256 2,278,256 155 -- (18%)
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 0 0 91,130 6 -- --
General & Administrative Expenses 892,104 61 0 0 0 0 8,972 8,972 8,972 1 -- (99%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 892,104 61 0 0 0 0 439,096 439,096 530,226 36 -- (41%)
Net Operating Income 1,891,586 129 0 0 0 0 1,839,160 1,839,160 1,748,030 119 -- (8%)
Leasing Commissions 0 0 0 0 0 0 40,069 40,069 8,316 1 -- --
Tenant Improvements 60,860 4 0 0 0 0 0 0 16,884 1 -- (72%)
Capital Expenditures 17,755 1 0 0 0 0 0 0 15,504 1 -- (13%)
Total Capital Items 78,615 5 0 0 0 0 40,069 40,069 40,704 3 -- (48%)
Net Cash Flow 1,812,971 123 0 0 0 0 1,799,091 1,799,091 1,707,326 116 -- (6%)
Debt Service 1,494,704 102 0 0 0 0 1,256,208 1,256,208 1,256,208 85 -- (16%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.27 / 1.21 1.39 / 1.36
DSCR (A,B) NOI/NCF 1.27 / 1.21 1.39 / 1.36
DSCR (A,B,C) NOI/NCF 1.27 / 1.21 1.39 / 1.36
Occupancy 100%
Management 4.0%

PINA CONSTRUCTION CORPORATION Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

AM Washing 2,300.00 15.65 15.99 05/31/2015 Loan Property Balance
East Diasability 2,200.00 14.97 18.45 12/14/2011 P & I (Current) 1,494,704 153,905 20,690,443
Mini Market 2,200.00 14.97 14.55 04/30/2011
Total: 1,494,704 153,905
Status: Performing
2007: Borrower has not provided Rent Roll hence occupancy not updated.
Income: Borrower was unable to be contacted for current rent roll. Worked on Consolidated.
Expense: Taxes and Insurance per Borrower. Management fees have been adjusted to 4% of EGI.
Capital Expense: Capital expenditures adjusted to Reserve amount. TI adjusted to 67% and LC 33% of Reserves level.
Base:
05/12/2009 8:28:40 AM Page 34 Of 241

WADING RIVER SQUARE 6278 ROUTE - 25A, WADING RIVER, NY

Credit:

My Butcher 4,000.00 17.39 16.20 10/31/2016 Loan Property Balance
McMillan Pizza 3,000.00 13.04 19.11 06/30/2021 P & I (Current) 1,494,704 318,244 20,690,443
A.D.A. Studio Photographic Services, Inc. 2,000.00 8.70 24.13 05/31/2010
Total: 1,494,704 318,244
Status: Performing
DOGWOOD PROFESSIONAL 6302 ROUTE - 25A, WADING RIVER, NY
CENTER

Credit:

Dentist Campisi 2,200.00 33.85 15.48 08/31/2011 Loan Property Balance
Law Office 1,100.00 16.92 29.15 05/31/2010 P & I (Current) 1,494,704 83,474 20,690,443
Pediatrician Silver 1,100.00 16.92 31.53 05/31/2007
Total: 1,494,704 83,474
Status: Performing
MILLER PLACE 325 - 353 ROUTE 25A, MILLER PLACE, NY
05/12/2009 8:28:40 AM Page 35 Of 241

Unanchored Retail 2/28/2007 - 12 mos
Income
Base Rent 2,783,690 42 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 2,783,690 42 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 1,891,586 29 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 1,812,971 28 0 0 0 0 0 0 0 0 -- (100%)
Debt Service 1,494,704 23 0 0 0 0 0 0 0 0 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.27 / 1.21
Occupancy 100%
Management

Credit:

Rite Aids 10,800.00 16.42 4.41 12/31/2013 Loan Property Balance
Applebee's 6,000.00 9.12 24.81 04/30/2024 P & I (Current) 1,494,704 746,048 20,690,443
Bank of Smithtown 4,275.00 6.50 0.00 09/01/2014
Total: 1,494,704 746,048
Status: Performing
Base:
05/12/2009 8:28:40 AM Page 36 Of 241

CABLEVISION 254 ROUTE 58, RIVERHEAD, NY

Credit:

Cablevision 15,000.00 100.00 22.59 05/31/2027 Loan Property Balance
P & I (Current) 1,494,704 193,033 20,690,443
Status: Performing
Total: 1,494,704 193,033
COMFORT SUITES DFW 4700 W JOHN CARPENTER FWY, IRVING, TX
Hotel/Motel 2/28/2007 - 12 mos 12/31/2007 - 12 mos 6/30/2008 - 6 mos
Income
Room Revenue 2,103,823 0 0 0 2,225,079 0 1,018,833 1,018,833 1,018,833 0 (54%) (52%)
Other Departmental Revenue 0 0 0 0 0 0 26,376 26,376 26,376 0 -- --
Other Income 0 0 0 0 70,125 0 0 0 0 0 -- --
Expenses
Departmental
Room Expenses (Departmental) 0 0 0 0 0 0 257,323 257,323 257,323 0 -- --
Food & Beverage Expense 0 0 0 0 5,193 0 2,560 2,560 2,560 0 (51%) --
(Departmental)
Other Departmental Expense 0 0 0 0 34,304 0 20,438 20,438 20,438 0 (40%) --
Departmental Expenses 0 0 0 0 58,701 0 288,023 288,023 288,023 0 391% --
Departmental Income 2,103,823 0 0 0 2,243,700 0 758,551 758,551 758,551 0 (66%) (64%)
General/Unallocated
Property Insurance 0 0 0 0 28,844 0 0 0 0 0 (100%) --
Franchise Fees 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 92,096 0 0 0 41,863 0 (55%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total General/Unallocated 1,377,518 0 0 0 1,481,842 0 280,942 280,942 322,805 0 (78%) (77%)
Capital Expenditures 84,153 0 0 0 92,096 0 24,078 24,078 42,076 0 (54%) (50%)
Total Capital Items 84,153 0 0 0 92,096 0 24,078 24,078 42,076 0 (54%) (50%)
Net Cash Flow 642,152 0 0 0 669,762 0 453,531 453,531 393,670 0 (41%) (39%)
Debt Service 448,434 0 0 0 448,434 0 224,217 224,217 224,217 0 (50%) (50%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.62 / 1.43 1.70 / 1.49 1.94 / 1.76
DSCR (A,B) NOI/NCF 1.62 / 1.43 1.70 / 1.49 1.94 / 1.76
DSCR (A,B,C) NOI/NCF 1.62 / 1.43 1.70 / 1.49 1.94 / 1.76
Occupancy 71% 60%
05/12/2009 8:28:40 AM Page 37 Of 241

SAI-NORA INVESTMENT LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 448,434 448,434 5,569,820
Status: Performing
Total: 448,434 448,434
2008:
Income: YTD occupancy was reported at 60% with ADR of $85.81 and RevPAR at $51.59.
Capital Expense: Capital Expenditures have been adjusted to 4% of EGI.
2007: Rent Roll not there hence occupancy not updated. Vimal Jain 26/6/2008.
Income: Borrower did not submit YTD occupancy report.
Capital Expense: Capital Expenditures have been adjusted to 4% of EGI.
Base:
05/12/2009 8:28:40 AM Page 38 Of 241

STRONGSVILLE TOWNE 15177- 15323, 15131-69, 14933-37 & 15135 & 63 PEARL ROAD, STRONGSVILLE, OH
CENTER
Income
Base Rent 1,524,478 13 0 0 1,119,236 9 853,523 853,523 1,138,031 9 2% (25%)
Percentage Rent 0 0 0 0 0 0 6,079 6,079 8,105 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 205 205 273 0 -- --
Effective Gross Income 1,524,478 13 0 0 1,466,339 12 1,126,893 1,126,893 1,502,524 12 2% (1%)
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 73,317 1 55,062 55,062 75,126 1 2% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Leasing Commissions 0 0 0 0 25,779 0 0 0 0 0 (100%) --
Tenant Improvements 48,092 0 0 0 25,779 0 0 0 36,069 0 40% (25%)
Capital Expenditures 18,040 0 0 0 18,040 0 8,221 8,221 13,530 0 (25%) (25%)
Net Cash Flow 927,974 8 0 0 902,109 8 744,387 744,387 949,563 8 5% 2%
Debt Service 743,272 6 0 0 743,272 6 557,454 557,454 557,454 5 (25%) (25%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.34 / 1.25 1.31 / 1.21 1.79 / 1.70
DSCR (A,B) NOI/NCF 1.34 / 1.25 1.31 / 1.21 1.79 / 1.70
DSCR (A,B,C) NOI/NCF 1.34 / 1.25 1.31 / 1.21 1.79 / 1.70

SHURMER STRONGSVILLE, LLC Primary: Capstone Realty Advisors Surveillance: Leslie Rupracht
Credit:

Office Depot (MC Sports) 29,936.00 24.89 6.85 12/31/2008 Loan Property Balance
Rite Aid 15,336.00 12.75 4.75 11/30/2009 P & I (Current) 743,272 743,272 10,117,992
Cleats Club St. Grill 6,000.00 4.99 13.23 08/31/2012
Total: 743,272 743,272
Status: Performing
2008:
Expense: Real Estate Taxes adjusted to amount paid by Capstone in 2008. Insurance adjusted to UW amount. Management Fee adjusted to UW amount of 5% of Income.
Capital Expense: Capital items adjusted to UW amounts. Borrower conducted major Capital Improvements in 2007 that were required with the loan closing. These improvements include: Roof replacement,
Parking lot resurfacing, HVAC upgrades, and installation of a fence.
2007:
Expense: Real estate taxes adjusted to amount paid by Capstone in 2007. Insurance adjusted to underwritten amount. Management fee adjusted to underwritten amount to 5% of Income.
Capital Expense: Capital items adjusted to underwritten amounts. Borrower conducted major capital iimprovements in 2007 that were required with the loan closing. These improvements include roof
replacement, parking lot resurfacing, HVAC upgrades, nad installation of fence.
Base:
CENTER AT SMITH VALLEY 1675 WEST SMITH VALLEY ROAD, GREENWOOD, IN
05/12/2009 8:28:40 AM Page 39 Of 241

Income
Base Rent 820,426 14 0 0 661,752 11 682,252 682,252 682,252 11 3% (17%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 1,785 0 4,365 4,365 4,365 0 145% --
Expenses
Janitorial 0 0 0 0 855 0 0 0 0 0 (100%) --
Management Fees 0 0 0 0 32,505 1 85,910 85,910 34,648 1 7% --
General & Administrative Expenses 193,785 3 0 0 1,072 0 330 330 330 0 (69%) (100%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Capital Items 51,504 1 0 0 37,588 1 0 0 37,588 1 -- (27%)
Net Cash Flow 575,138 10 0 0 563,742 9 585,928 585,928 599,602 10 6% 4%
Debt Service 460,836 8 0 0 381,213 6 381,213 381,213 381,213 6 -- (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.36 / 1.25 1.58 / 1.48 1.67 / 1.57
DSCR (A,B) NOI/NCF 1.36 / 1.25 1.58 / 1.48 1.67 / 1.57
DSCR (A,B,C) NOI/NCF 1.36 / 1.25 1.58 / 1.48 1.67 / 1.57

HPG CENTER AT SMITH VALLEY LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

CVS 7,850.00 13.09 7.50 10/31/2012 Loan Property Balance
ORTHODOC.COM 6,722.00 11.21 16.54 10/01/2012 P & I (Current) 460,836 460,836 6,628,688
CLARIAN/OASIS 4,083.00 6.81 14.50 02/28/2009
Total: 460,836 460,836
Status: Performing
2008:
Income: Per the 2/6/09 rent roll, the property is 70.8% occupied with an average annual rental rate of $13.16/SF. Per Borrower, the property's largest tenant, Diversions (13,326 SF; 22% NRA), vacated upon
their 11/30/2008 lease expiration. Borrower stated their are a couple propective tenants for the vacant space which include The Dollar Store and a restaurant.
Capital Expense: Capital Expenditures have been adjusted to Reserve Replacement level. TI has been adjusted to 67% and LC 33% of the Reserve Replacement level.
2007:
Income: Per 2/07/08 rent roll, the property is 95% occupied with an average rental rate of $13.00/SF.
Base:
05/12/2009 8:28:40 AM Page 40 Of 241

CENTER AT STOP ELEVEN 2312 2372 EAST STOP ELEVEN ROAD, INDIANAPOLIS, IN
Shadow Anchored Retail 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 454,986 11 0 0 661,752 16 352,206 352,206 352,206 9 (47%) (23%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 1,785 0 8,497 8,497 8,497 0 376% --
Effective Gross Income 454,986 11 0 0 812,633 20 496,606 496,606 496,606 12 (39%) 9%
Expenses
Janitorial 0 0 0 0 855 0 560 560 560 0 (35%) --
Management Fees 0 0 0 0 32,505 1 45,191 45,191 19,864 0 (39%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Capital Items 30,635 1 0 0 30,467 1 0 0 30,467 1 -- (1%)
Net Cash Flow 273,418 7 0 0 595,734 15 387,317 387,317 294,218 7 (51%) 8%
Debt Service 226,680 6 0 0 226,679 6 226,679 226,679 226,679 6 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.34 / 1.21 2.76 / 2.63 1.43 / 1.30
DSCR (A,B) NOI/NCF 1.34 / 1.21 2.76 / 2.63 1.43 / 1.30
DSCR (A,B,C) NOI/NCF 1.34 / 1.21 2.76 / 2.63 1.43 / 1.30
Occupancy 100% 100% 100%

HPG CENTER AT STOP 11 LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

TIENDA MEXICAN EL PASO 6,790.00 16.70 10.25 12/31/2012 Loan Property Balance
DOLLAR GENERAL 6,600.00 16.23 6.84 12/31/2009 P & I (Current) 226,679 226,679 3,134,757
DRIFTY'S SPORTS PUB 6,545.00 16.09 9.46 02/28/2010
Total: 226,679 226,679
Status: Performing
2008:
Income: Per 2/3/2009 rent roll, the property is 100% occupied with average rents of $6.91/SF.
Expense: Management fees have been adjusted to 4% of EGI. Real Estate Taxes and Insurance per 2008 disbursements. Utilities have increased from 2007 due to an $11.5k increase in trash removal. R&M
has increased due to a $8.5k increase in utility repair and a $4.4k increase in snow removal.
Capital Expense: Capital Expenditures adjusted to reserve replacement amount. TI/LC adjusted to 67%/33% of reserve replacement level respectively.
2007: Occupancy Updation is done based on Subservicer OSAR & Tenant Updates not done as Rent Roll is not provided.
Sangeetha - 3/19/2008.
Income: Per 2/9/08 rent roll, the property is 100% occupied with an average rental rate of $6.79/SF.
Capital Expense: Capital Expenditures have been adjusted to the Reserve Replacement level. Tenant Improvement has been adjusted to 67% and Leasing Commision 33% of the Reserve Replacement
level.
Base:
05/12/2009 8:28:40 AM Page 41 Of 241

SEVEN-TWENTY PORTFOLIO 720 750, 760, SW 12TH AVE & 2680 GATEWAY DR, POMPANO BEACH, FL
Income
Base Rent 710,316 9 0 0 844,202 10 684,868 684,868 684,868 8 (19%) (4%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 834 0 14,291 14,291 14,291 0 1613% --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 25,351 0 0 0 20,975 0 (17%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Capital Expenditures 12,428 0 0 0 37,057 0 9,264 9,264 37,057 0 -- 198%
Net Cash Flow 451,013 5 0 0 573,534 7 543,818 543,818 426,025 5 (26%) (6%)
Debt Service 327,091 4 0 0 327,091 4 327,091 327,091 327,091 4 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.49 / 1.38 1.87 / 1.75 1.42 / 1.30
DSCR (A,B) NOI/NCF 1.49 / 1.38 1.87 / 1.75 1.42 / 1.30
DSCR (A,B,C) NOI/NCF 1.49 / 1.38 1.87 / 1.75 1.42 / 1.30
Occupancy 100% 100% 100%

2680 GATEWAY DRIVE LLC Primary: Grandbridge Real Estate Capital, LLC Surveillance: Leslie Rupracht
Credit:

ABC WAREHOUSE & STORAGE 17,000.00 20.52 8.00 01/31/2012 Loan Property Balance
PENTAIR, INC. 15,000.00 18.11 6.42 04/30/2010 P & I (Current) 327,091 327,091 4,438,134
FIRST MAIL MARKETING 14,280.00 17.24 4.54 12/31/2009
Total: 327,091 327,091
Status: Performing
2008:
Income: Transfers were excluded from analysis as these are internal accounting movements by Borrower and are not operating income.
Expense: RET and Insurance were adjusted to total amounts paid from escrow during 2008. Mgmt fees normalized to 3% of EGI. Partner disbursements, sales taxes, tax escrow, insurance escrow, reserve
escrow, escrow disbursement, 720 Corp transfers, and Gateway transfers were omitted from analysis.
Capital Expense: Cap Ex normalized to U/W.
2007:
Expense: Real estate taxes adjusted to amount disbursed from escrow for payment of 2007 tax bills. Property insurance adjusted to amount disbursed for payment of 2007 premium. Management fee adjusted
to 3% EGI.
Capital Expense: Detailed U/W unavailable. Normalized total capital items to total UW amount.
Base:
05/12/2009 8:28:40 AM Page 42 Of 241

UNIVERSITY VIEW 8204 BALTIMORE AVE, COLLEGE PARK, MD
1,056 UNT Baseline - mos 2007 2008 YTD Variance
Income
Gross Potential Rent 0 0 0 0 10,045,884 9,513 10,600,641 10,600,641 10,600,641 10,038 6% --
Vacancy/Collection Loss 0 0 0 0 (145,951) (138) (194,363) (194,363) (194,363) (184) 33% --
Base Rent 9,855,581 9,333 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 5,114 5 4,630 4,630 4,630 4 (9%) --
Parking Income 0 0 0 0 310,255 294 310,305 310,305 310,305 294 0% --
Other Income 0 0 0 0 249,232 236 353,749 353,749 382,364 362 53% --
Expenses
Real Estate Taxes 0 0 0 0 1,000,404 947 1,146,799 1,146,799 1,119,310 1,060 12% --
Utilities Expense 0 0 0 0 1,190,251 1,127 1,155,436 1,155,436 1,155,436 1,094 (3%) --
Management Fees 0 0 0 0 318,854 302 336,596 336,596 336,596 319 6% --
General & Administrative Expenses 4,213,243 3,990 0 0 885,782 839 983,407 983,407 982,607 930 11% (77%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 4,213,243 3,990 0 0 4,460,164 4,224 4,715,700 4,715,700 4,661,131 4,414 5% 11%
Net Operating Income 5,642,338 5,343 0 0 6,004,370 5,686 6,359,262 6,359,262 6,442,446 6,101 7% 14%
Net Cash Flow 5,554,088 5,260 0 0 5,916,120 5,602 6,359,262 6,359,262 6,354,196 6,017 7% 14%
Debt Service 4,534,045 4,294 0 0 4,534,045 4,294 4,546,467 4,546,467 4,546,467 4,305 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 1,020,043 966 0 0 1,382,075 1,309 1,812,795 1,812,795 1,807,728 1,712 31% 77%
DSCR (A) NOI/NCF 1.24 / 1.22 1.32 / 1.30 1.42 / 1.40
DSCR (A,B) NOI/NCF 1.24 / 1.22 1.32 / 1.30 1.42 / 1.40
DSCR (A,B,C) NOI/NCF 1.24 / 1.22 1.32 / 1.30 1.42 / 1.40
Occupancy 100% 100% 99%

UNIVERSITY VIEW PARTNERS, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 4,620,999 4,620,999 80,750,000
Status: Performing Tax 1,040,420 1,040,420 780,315
Reserves:
Replacement 0 0 0
Total: 5,661,420 5,661,420
2008:
Income: Interest Only Loan. Bad Debt Recovery, Write-Off To Administration and Lease Termination Fee adjusted out.
Expense: Real Estate Taxes adjusted per Servicer record. Property Insurance represents Borrower actual. Management Fee represents Borrower actual @3.03% of EGI. Contributions, Carpet/Tile
Replacement, Signage Repair/Replacement, Appliance Replacement and Contributions adjusted out.
Capital Expense: Capital Expenditure adjusted per Underwriting.

2007:
Income: Interest only Loan. Write-off to Administration / Lease Termination Fee & Bad Debt Recovery adjusted out.
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance adjusted per Underwriting. Management Fees represents borrower actual @ 3.0469% of EGI. Carpet/Tile Replacement /
Appliance Replacement and Non-Recurring Building Repairs & Web Site Development adjusted out.
Base:
05/12/2009 8:28:40 AM Page 43 Of 241

NISQUALLY RIDGE 110 RIVER RIDGE DRIVE SE, LACEY, WA
APARTMENTS
Income
Base Rent 430,535 8,969 306,310 6,381 429,933 8,957 260,141 260,141 260,141 5,420 (39%) (40%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 4,150 86 5,970 124 4,530 4,530 4,530 94 (24%) --
Other Income 0 0 22,507 469 36,973 770 24,883 24,883 27,926 582 (24%) --
Effective Gross Income 430,535 8,969 332,967 6,937 472,876 9,852 289,554 289,554 292,597 6,096 (38%) (32%)
Expenses
Property Insurance 0 0 4,805 100 5,806 121 0 0 3,513 73 (39%) --
Management Fees 0 0 13,318 277 18,795 392 10,218 10,218 11,704 244 (38%) --
Payroll & Benefits 0 0 30,359 632 44,789 933 28,871 28,871 28,871 601 (36%) --
Advertising & Marketing 0 0 971 20 1,731 36 693 693 693 14 (60%) --
Professional Fees 0 0 0 0 249 5 0 0 0 0 (100%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 175,301 3,652 129,989 2,708 177,921 3,707 95,924 95,924 101,294 2,110 (43%) (42%)
Net Operating Income 255,235 5,317 202,978 4,229 294,955 6,145 193,630 193,630 191,303 3,985 (35%) (25%)
Capital Expenditures 15,216 317 15,216 317 15,216 317 4,378 4,378 7,608 159 (50%) (50%)
Total Capital Items 15,216 317 15,216 317 15,216 317 4,378 4,378 7,608 159 (50%) (50%)
Net Cash Flow 240,019 5,000 187,762 3,912 279,739 5,828 189,252 189,252 183,695 3,827 (34%) (23%)
Debt Service 169,566 3,533 169,566 3,533 169,566 3,533 84,783 84,783 84,783 1,766 (50%) (50%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 70,453 1,468 18,196 379 110,173 2,295 104,469 104,469 98,912 2,061 (10%) 40%
DSCR (A) NOI/NCF 1.51 / 1.42 1.20 / 1.11 1.74 / 1.65 2.26 / 2.17
DSCR (A,B) NOI/NCF 1.51 / 1.42 1.20 / 1.11 1.74 / 1.65 2.26 / 2.17
DSCR (A,B,C) NOI/NCF 1.51 / 1.42 1.20 / 1.11 1.74 / 1.65 2.26 / 2.17
Occupancy 100% 100% 97% 95%

RIVER RIDGE APARTMENTS LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 167,243 167,243 2,900,000
Status: Performing
Total: 167,243 167,243
2008:
Income: Delinquent rents, bad debt and prior year income have been adjusted to zero. Per the 6/30/2008 Rent Roll, the property is 100% occupied with an average rent of $850/unit. Base rent is up due to
an increase in average in-place rental rates. Per the 6/30/2008 rent roll average rents are up $124 to $850 compared to $726 at YE 200. Other Income is up due to utilities reimbursement and fees
compared to YE 2007.
Expense: Property Insurance and Real Estate Taxes have been adjusted to Loan Escrow Constant Amount. Management Fees have been adjusted to 4% of EGI. P&B is up due to an increase in admin
salary compared to YE 2007.
Capital Expense: Capital Expenditures have been adjusted to the Underwritten Level. Capital Expenditures include 2K for appliances and 1K for flooring.
2007:
Income: Bad debt, prior year income, delinquent income have been adjusted to zero. Per 01/19/08 rent roll, property is 97% occupied with average rent of $726/Unit.
Capital Expense: Capital Expenditures have been adjusted to the Underwritten Level. Capital Expenditures include $11.5K for flooring, $4.2 for appliance and $237 for other capital exp.
2006:
Income: Bad debt has been adjsuted to Zero. Prepaid rents have been adjusted to Zero. Prior year income has been adjusted to Zero. Per 12/31/2006 rentroll, the property is 100% occupied with average
rents of $717 unit.
Expense: Taxes and insurance are per borrower's reporting. Mangement fees have been adjsuted to 4% of EGI.
Capital Expense: Capital expenditures were adjusted to Repalcement reserve. Capital expenditure include $4758 for flooring, $2346 for appliances, and $1551 for other improvements.
Base:
05/12/2009 8:28:40 AM Page 44 Of 241

MADISON VILLAGE 1870 ATLANTA ROAD SE, SMYRNA, GA
Income
Base Rent 456,362 7,868 0 0 407,918 7,033 452,897 452,897 452,897 7,809 11% (1%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 9,790 169 48,787 48,787 48,787 841 398% --
Effective Gross Income 456,362 7,868 0 0 417,708 7,202 501,684 501,684 501,684 8,650 20% 10%
Expenses
Management Fees 0 0 0 0 20,885 360 0 0 25,084 432 20% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 279,215 4,814 0 0 259,554 4,475 359,970 359,970 322,317 5,557 24% 15%
Net Cash Flow 264,715 4,564 0 0 245,054 4,225 359,970 359,970 307,817 5,307 26% 16%
Debt Service 221,327 3,816 0 0 221,327 3,816 221,327 221,327 221,327 3,816 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 43,388 748 0 0 23,727 409 138,643 138,643 86,490 1,491 265% 99%
DSCR (A) NOI/NCF 1.26 / 1.20 1.17 / 1.11 1.46 / 1.39
DSCR (A,B) NOI/NCF 1.26 / 1.20 1.17 / 1.11 1.46 / 1.39
DSCR (A,B,C) NOI/NCF 1.26 / 1.20 1.17 / 1.11 1.46 / 1.39
Occupancy 100% 100% 98%

MADISON VILLAGE APARTMENTS, LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 221,327 221,327 3,106,513
Status: Performing
Total: 221,327 221,327
2007:
Income: Per 12/30/07 rent roll, property is 98% occupied with average rent of $674/unit. Other Income up due to increase of $28.3K for water reimbursements and $10.7K for applications compared to YE
2006.
2006:
Income: Per rent roll dated 12/31/2006, property is 100% occupied with an average monthly rental rate of $666/unit.
Expense: Management fees have been adjusted to 5% of the EGI. Taxes per borrower's reporting. Insurance per 2006 escrow.
Capital Expense: Capital expenditures have been adjusted to the Reserve Replacement Levels.
Base:
LINDEN HEIGHTS PLAZA 2909 2939 LINDEN AVENUE, DAYTON, OH
05/12/2009 8:28:40 AM Page 45 Of 241

Income
Base Rent 312,514 14 0 0 230,568 11 212,871 212,871 212,871 10 (8%) (32%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 1,568 0 3,822 3,822 3,822 0 144% --
Expenses
Janitorial 0 0 0 0 4,428 0 3,879 3,879 3,879 0 (12%) --
Management Fees 0 0 0 0 11,449 1 13,174 13,174 10,660 0 (7%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 160,376 7 0 0 182,927 8 223,968 223,968 149,929 7 (18%) (7%)
Debt Service 0 0 0 0 125,793 6 125,793 125,793 125,793 6 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.66 / 1.45 1.39 / 1.19
DSCR (A,B) NOI/NCF 1.66 / 1.45 1.39 / 1.19
DSCR (A,B,C) NOI/NCF 1.66 / 1.45 1.39 / 1.19
Occupancy 100% 100% 100%

THE LINDEN CONSORTIUM, LTD Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

WEST COAST VIDEO 6,600.00 30.62 12.00 02/28/2011 Loan Property Balance
RENT A CENTER 4,000.00 18.56 11.98 08/31/2009 P & I (Current) 125,793 125,793 1,682,779
SHERWIN WILLIAMS 4,000.00 18.56 9.58 06/30/2013
Total: 125,793 125,793
Status: Performing
2008:
Income: Per 12/31/2008 rent roll, the property is 100% occupied with average rents of $11.33/SF. Per borrower Rent-A-Center (21,539 SF; 19% NRA) will be vacating upon 8/31/2009 lease expiration.
Borrower stated that the space is being aggressively marketed.
Expense: Property Insurance has been adjusted to Loan Escrow Constant Amount. Real Estate Taxes have been adjusted to 2008 Disbursements. Management Fees have been adjusted to 4% of EGI.
2007:
Income: Per 12/31/07 rent roll, property is 100% occupied with average rent of $10.79/SF.
Base:
EISMA OFFICE #2 2704 SE OTIS CORLEY DRIVE, BENTONVILLE, AR
05/12/2009 8:28:40 AM Page 46 Of 241

Income
Base Rent 456,065 12 0 0 503,184 13 507,263 507,263 507,263 14 1% 11%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 0 0 6,545 0 0 0 0 0 (100%) --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 20,921 20,921 20,921 1 -- --
Expenses
Janitorial 0 0 0 0 50 0 50 50 50 0 -- --
Management Fees 0 0 0 0 20,389 1 24,687 24,687 21,127 1 4% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Capital Expenditures 5,595 0 0 0 5,595 0 2,450 2,450 5,595 0 -- 0%
Net Cash Flow 323,698 9 0 0 380,327 10 470,630 470,630 402,673 11 6% 24%
Debt Service 241,087 6 0 0 198,687 5 198,687 198,687 198,687 5 -- (18%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.55 / 1.34 2.17 / 1.91 2.28 / 2.03
DSCR (A,B) NOI/NCF 1.55 / 1.34 2.17 / 1.91 2.28 / 2.03
DSCR (A,B,C) NOI/NCF 1.55 / 1.34 2.17 / 1.91 2.28 / 2.03
Occupancy 100% 100% 100%

D.E.I. REAL ESTATE HOLDINGS II, LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

SPECTRUM BRANDS 14,603.00 39.15 14.10 12/01/2014 Loan Property Balance
PACKAGING CORP OF AMERICA 6,600.00 17.69 13.00 01/01/2015 P & I (Current) 195,965 195,965 3,500,000
DIAGEO NORTH AMERICA 6,275.00 16.82 14.20 01/01/2014
Total: 195,965 195,965

03/11/2009 - 4E - Bankruptcy of a Top 3 Tenant who occupies > 30% NRA. Loan is secured by a
37,332 sf office property in Bentonville, AR, built in 2005. The 8/11/2008 inspection rated the Property
in Good condition. YE 12/31/2008 NCF DSCR is 2.03x with 100% Occupancy. The Loan is on the
Watchlist due to tenant exposure resulting from bankruptcy filing. Spectrum Brands, Inc., who occupies
14,603 sf (39% NRA) and has a 11/30/2010 lease expiration, filed for Chapter 11 Bankruptcy ("BK")
protection on 2/3/2009. The Atlanta, GA-based Spectrum Brands manufactures Rayovac batteries and
Remington shavers, owns the Repel and Cutter insect repellent brands, and also owns pet supply and
home/garden entities. Spectrum cited a heavy debt load of $2.6 billion at the time of their BK filing.
According to initial press coverage on 2/3/2009, Spectrum filed a pre-negotiated BK plan intended to
reduce Spectrum's debt and free up cash flow; this BK plan was reportedly pre-approved by a 70%
majority of its shareholders. According to the Primary Servicer, the Borrower has indicated that
"Spectrum will honor the lease under a different tenant name" and the "Borrower has no concerns
about making the DS payments as the space will stay filled for the present lease." Bank of America will
continue to monitor the Loan.
05/12/2009 8:28:40 AM Page 47 Of 241

2008:
Income: Per 2/13/09 rent roll, the property is 100% occupied with an average annual rental rate of $13.49/SF.
2007:
Income: Per the 2/11/2008 rent roll, the property was 100% occupied with average rent of $13.35/sf. Interest only loan.
Capital Expense: Capital Expenditures have been adjusted to the Reserve Replacement Level. Tenant Improvements have been adjusted to 67% and Leasing Commissions to 33% of the Reserve
Replacement Level.
Base:
RAMSHORN EXECUTIVE 2399 NORTH HIGHWAY 34, MANASQUAN, NJ
CENTER
Income
Base Rent 1,403,505 23 842,642 14 1,165,939 19 1,168,851 1,168,851 1,168,851 19 0% (17%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 203,721 3 285,713 5 279,144 279,144 279,144 5 (2%) --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 678 0 (5,193) (5,193) 4,881 0 620% --
Effective Gross Income 1,403,505 23 1,046,363 17 1,452,330 24 1,442,802 1,442,802 1,452,876 24 0% 4%
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 41,855 1 58,093 1 0 0 58,115 1 0% --
General & Administrative Expenses 319,903 5 32,344 1 45,678 1 31,291 31,291 31,291 1 (31%) (90%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 1,083,602 18 742,786 12 1,053,457 17 1,108,118 1,108,118 1,057,212 17 0% (2%)
Leasing Commissions 0 0 35,276 1 55,642 1 0 0 55,642 1 -- --
Tenant Improvements 106,890 2 71,620 1 51,247 1 0 0 51,247 1 -- (52%)
Capital Expenditures 3,686 0 3,684 0 3,685 0 0 0 3,685 0 -- 0%
Total Capital Items 110,575 2 110,580 2 110,574 2 0 0 110,574 2 -- 0%
Net Cash Flow 973,027 16 632,206 10 942,883 15 1,108,118 1,108,118 946,638 15 0% (3%)
Debt Service 0 0 808,444 13 808,444 13 808,444 808,444 808,444 13 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 973,027 16 (176,238) (3) 134,439 2 299,674 299,674 138,194 2 3% (86%)
DSCR (A) NOI/NCF 0.92 / 0.78 1.30 / 1.17 1.31 / 1.17
DSCR (A,B) NOI/NCF 0.92 / 0.78 1.30 / 1.17 1.31 / 1.17
DSCR (A,B,C) NOI/NCF 0.92 / 0.78 1.30 / 1.17 1.31 / 1.17
Occupancy 100% 100% 100% 97%

RAMSHORN EXECUTIVE CENTRE LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

ATLANTIC MEDICAL IMAGING, LLC 15,357.00 25.00 18.15 08/01/2015 Loan Property Balance
AXA EQUITABLE LIFE INSURANCE CO. 9,003.00 14.66 19.00 01/21/2010 P & I (Current) 808,444 808,444 11,772,792
MELILLO & BAUER ASSOCIATES, INC. 6,955.00 11.32 20.00 12/01/2013
Total: 808,444 808,444
Status: Performing
05/12/2009 8:28:40 AM Page 48 Of 241

2008: OSAR/NOI
Income: Bad debt has been adjusted to zero. Per the 01/01/2009 rent roll, the property is 97% occupied with an average rent of $19.32/SF.
Capital Expense: Capital Expenditures, Tenant Improvements and Leasing Commissions have been adjusted to the Underwritten Level.
2007:
Income: Per 2/1/2008 rent roll, the property is 100% occupied with average rents of $19.00/SF.
Capital Expense: Capital Expenditures, Tenant Improvements and Leasing Commissions have been adjusted to the Underwritten Level.
Base:
2006: Loan securitized into the BACM 2007-1 portfolio; 2006 financial information will not be reported out therefore
analysis has been unchecked. RB 05/22/07
Income: Per the 03/01/2007 rent roll occupancy is 100% with average annual rents of $18.02/SF.
Expense: Insurance and taxes per borrower’s reporting. Management fees have been adjusted to 4% of EGI.
Capital Expense: Cap ex and TI/LC have been adjusted to replacement reserve levels.
DSCR: Low DSCR is due to low Rental Income.
BOLAND EASTPOINT 2600 -2700 STANLEY GAULT PARKWAY, LOUISVILLE, KY
Income
Base Rent 1,336,035 10 0 0 979,413 7 1,084,118 1,084,118 1,084,118 8 11% (19%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 2,000 0 0 0 0 0 (100%) --
Expenses
Janitorial 0 0 0 0 0 0 1,850 1,850 1,850 0 -- --
Management Fees 0 0 0 0 46,053 0 45,279 45,279 50,667 0 10% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 1,023,994 8 0 0 914,075 7 987,373 987,373 975,465 7 7% (5%)
Total Capital Items 99,337 1 0 0 98,338 1 59,106 59,106 99,338 1 1% 0%
Net Cash Flow 924,656 7 0 0 815,737 6 928,267 928,267 876,127 6 7% (5%)
Debt Service 769,616 6 0 0 640,702 5 642,457 642,457 642,457 5 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.33 / 1.20 1.43 / 1.27 1.52 / 1.36
DSCR (A,B) NOI/NCF 1.33 / 1.20 1.43 / 1.27 1.52 / 1.36
DSCR (A,B,C) NOI/NCF 1.33 / 1.20 1.43 / 1.27 1.52 / 1.36

OAKLAND 2600/2700, LLC Primary: Capstone Realty Advisors Surveillance: Leslie Rupracht
Credit:
05/12/2009 8:28:40 AM Page 49 Of 241

TRIPLE M BUSINESS 20,937.00 15.46 11.12 12/31/2009 Loan Property Balance
UNITED STATES PHARMACEUTICAL 18,950.00 13.99 10.08 02/14/2014 P & I (Current) 769,616 769,616 10,955,411
OFFICE MAX CONTRACT INC 17,900.00 13.22 9.29 12/01/2011
Total: 769,616 769,616
Status: Performing
2008:
Expense: Real Estate Taxes adjusted to amount paid by Capstone in 2008. Insurance adjusted to underwritten amount. Management Fee adjusted to underwritten amount of 4% of income.
Capital Expense: Capital Items adjusted to underwritten amounts.
2007:
Expense: Real Estate Taxes reflect amount paid by Capstone in 2007. Insurance adjusted to underwritten amount. Manangement fee adjusted to 4% of income.
Capital Expense: Capital items adjusted to underwritten amounts.
Base:
05/12/2009 8:28:40 AM Page 50 Of 241

COLONY BAY 3450 BROOKE COLONY DRIVE, CANAL WINCHESTER, OH
Income
Base Rent 962,834 6,172 0 0 968,685 6,210 920,321 920,321 920,321 5,899 (5%) (4%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 2,519 16 51,175 51,175 44,998 288 1686% --
Effective Gross Income 962,834 6,172 0 0 971,204 6,226 971,496 971,496 965,319 6,188 (1%) 0%
Expenses
Management Fees 0 0 0 0 38,848 249 10,650 10,650 48,266 309 24% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 411,652 2,639 0 0 492,222 3,155 742,981 742,981 596,128 3,821 21% 45%
Debt Service 340,438 2,182 0 0 283,043 1,814 283,043 283,043 283,043 1,814 -- (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 71,215 457 0 0 209,179 1,341 459,938 459,938 313,085 2,007 50% 340%
DSCR (A) NOI/NCF 1.36 / 1.21 1.92 / 1.74 2.29 / 2.11
DSCR (A,B) NOI/NCF 1.36 / 1.21 1.92 / 1.74 2.29 / 2.11
DSCR (A,B,C) NOI/NCF 1.36 / 1.21 1.92 / 1.74 2.29 / 2.11

THE ALICIAN LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 340,438 340,438 4,856,608
Status: Performing
Total: 340,438 340,438
2008:
Income: Per the 12/31/2008 rent roll, the property is 100% occupied with an average rental rate of $529/unit. Bad debt and lease termination income have been adjusted to zero.
Capital Expense: Capital expenditures were adjusted to the reserve replacement amount.
2007:
Income: Bad debt has been adjusted to zero. Per 12/31/07 rent roll, the property is 86% occupied.
Base:
WEST CONWAY MINI 3715 WEST PRINCE STREET, CONWAY, AR
STORAGE
05/12/2009 8:28:40 AM Page 51 Of 241

Income
Base Rent 520,425 833 0 0 388,402 621 392,475 392,475 392,475 628 1% (25%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 79,871 128 96,727 96,727 79,518 127 0% --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Management Fees 0 0 0 0 23,414 37 42,989 42,989 42,989 69 84% --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 1,053 2 360,301 360,301 614 1 (42%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 363,997 582 0 0 285,323 457 (90,355) (90,355) 273,487 438 (4%) (25%)
Net Cash Flow 359,934 576 0 0 280,941 450 (90,355) (90,355) 269,105 431 (4%) (25%)
Debt Service 308,865 494 0 0 245,502 393 245,502 245,502 245,502 393 -- (21%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 51,069 82 0 0 35,439 57 (335,857) (335,857) 23,603 38 (33%) (54%)
DSCR (A) NOI/NCF 1.18 / 1.17 1.16 / 1.14 1.11 / 1.10
DSCR (A,B) NOI/NCF 1.18 / 1.17 1.16 / 1.14 1.11 / 1.10
DSCR (A,B,C) NOI/NCF 1.18 / 1.17 1.16 / 1.14 1.11 / 1.10

STORESMART OF CONWAY LLC Primary: Northmarq Capital, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 308,865 308,865 4,386,209
Status: Performing
Total: 308,865 308,865
2008:
Income: Interest Income for $17,209.11 has been adjusted from Income, as required.
Expense: Taxes and Insurance have been adjusted to show the actual amount paid out Escrow for the time period. Business Gifts for $64.49, Sales and Use Taxes for $409.38, Taxes Other for $153.00, and
Charity for $26.72 have been adjusted from Expenses, as required.
Capital Expense: Capital Items have been adjusted to show the actual amount paid into Escrow for the time period.
DSCR: DSCR for YE 2008 was 1.10. Will remove from the watchlist for low DSCR.
2007:
Income: Interest Income for $7527.54 has been adjusted from income as required.
Expense: Taxes and Insurance have been adjusted to show the actual amount paid from Escrow for the time period. Management fee has been adjsuted to show 5% of EGI. Charity for $825 has been adjusted
from expenses as required.
Capital Expense: Capital items have been adjusted to show the actual amount paid into Escrow for the time period.
Base:
FAIRBANKS SHOPPING 6306 FAIRBANKS NORTH HOUSTON ROAD, HOUSTON, TX
CENTER
05/12/2009 8:28:40 AM Page 52 Of 241

Income
Base Rent 296,182 22 0 0 253,384 19 191,619 191,619 191,619 15 (24%) (35%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 10,135 1 0 0 7,665 1 (24%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 72,000 5 60,000 60,000 60,000 5 (17%) --
Net Cash Flow 116,874 9 0 0 115,401 9 127,876 127,876 62,510 5 (46%) (47%)
Debt Service 0 0 0 0 96,919 7 72,689 72,689 72,689 6 (25%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 116,874 9 0 0 18,482 1 55,187 55,187 (10,179) (1) (155%) (109%)
DSCR (A) NOI/NCF 1.33 / 1.19 1.00 / 0.86
DSCR (A,B) NOI/NCF 1.33 / 1.19 1.00 / 0.86
DSCR (A,B,C) NOI/NCF 1.33 / 1.19 1.00 / 0.86
Occupancy 100% 100% 100%

BOZE ENTERPRISES LP Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

Sprintoom, Inc. 3,224.00 24.40 20.00 10/31/2010 Loan Property Balance
Pearie Vision 1,797.00 13.60 17.00 12/30/2011 P & I (Current) 96,919 96,919 1,313,708
Gentle Dentel 1,756.00 13.29 22.80 12/31/2011
Total: 96,919 96,919
Status: Performing
2008: Since there is no rent roll occupancy update from Osar/NOI.

Expense: Real estate taxes and property insurance have been adjusted per actual 2008 disbursements. Management fees have been adjusted to 4% of EGI.
DSCR: NOI and DSCR have fallen due to higher real estate tax costs. The property's performance continues to suffer due to normalization per CMSA standards.
2007:
Expense: Property Insurance has been adjusted to 2007 Disbursements. Real Estate Taxes have been adjusted to Loan Escrow Constant Amount. Management Fees have been adjusted to 4% of EGI.
Base:
05/12/2009 8:28:40 AM Page 53 Of 241

OAK BEND COMMONS 6680 OAK BEND COMMONS WAY, CANAL WINCHESTER, OH
Income
Base Rent 916,873 8,989 0 0 794,934 7,793 788,371 788,371 788,371 7,729 (1%) (14%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 2,081 20 35,550 35,550 29,678 291 1326% --
Expenses
Real Estate Taxes 0 0 0 0 58,344 572 0 0 116,586 1,143 100% --
Management Fees 0 0 0 0 39,851 391 8,700 8,700 40,902 401 3% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 388,680 3,811 0 0 247,824 2,430 189,023 189,023 337,811 3,312 36% (13%)
Net Cash Flow 502,693 4,928 0 0 523,691 5,134 634,898 634,898 454,738 4,458 (13%) (10%)
Debt Service 419,258 4,110 0 0 348,575 3,417 348,575 348,575 348,575 3,417 -- (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 83,435 818 0 0 175,116 1,717 286,323 286,323 106,163 1,041 (39%) 27%
DSCR (A) NOI/NCF 1.26 / 1.20 1.58 / 1.50 1.38 / 1.30
DSCR (A,B) NOI/NCF 1.26 / 1.20 1.58 / 1.50 1.38 / 1.30
DSCR (A,B,C) NOI/NCF 1.26 / 1.20 1.58 / 1.50 1.38 / 1.30

CASA SIMONE, LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 419,258 419,258 5,981,045
Status: Performing
Total: 419,258 419,258
2008: OSAR/NOI
Income: Per the 12/31/2008 rent roll, the property is 100% occupied with an average rental rate of $675/unit. Bad debt and lease termination income have been adjusted to zero. Other income is up due to
the addition of water reimbursements, trash reimbursements, and late fee income.
Expense: Real estate taxes were adjusted to 2008 disbursements. Property insurance was adjusted per borrower's reported amount. . Management fees have been adjusted to 5% of EGI. Utility expenses
are up due to increased water, gas, and electric expenses.
2007:
Expense: Property Insurance has been adjusted to Loan Escrow Constant Amount. Real Estate Taxes have been adjusted to 2007 Disbursements. Management Fees have been adjusted to 5% of EGI.
Base:
05/12/2009 8:28:40 AM Page 54 Of 241

PENDLETON LAKE EAST 2727 GRAND HAVEN DRIVE, REYNOLDSBURG, OH
Income
Base Rent 1,679,722 6,561 0 0 1,602,126 6,258 1,496,720 1,496,720 1,496,720 5,847 (7%) (11%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 2,483 10 57,793 57,793 57,793 226 2228% --
Expenses
Management Fees 0 0 0 0 64,184 251 0 0 62,181 243 (3%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 817,489 3,193 0 0 639,535 2,498 891,763 891,763 744,078 2,907 16% (9%)
Debt Service 679,757 2,655 0 0 565,156 2,208 565,156 565,156 565,156 2,208 -- (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.33 / 1.20 1.28 / 1.13 1.47 / 1.32
DSCR (A,B) NOI/NCF 1.33 / 1.20 1.28 / 1.13 1.47 / 1.32
DSCR (A,B,C) NOI/NCF 1.33 / 1.20 1.28 / 1.13 1.47 / 1.32

EDGEWATER APARTMENTS LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 679,757 679,757 9,697,267
Status: Performing
Total: 679,757 679,757
2008:
Income: Per the 12/31/2008 rent roll, the property is 95% occupied with an average rental rate of $1,091/unit.
2007:
Base:
PARAMOUNT PLACE 1420-1426 & 1430 PARAMOUNT DRIVE, HUNTSVILLE, AL
05/12/2009 8:28:40 AM Page 55 Of 241

Income
Base Rent 586,413 17 0 0 384,183 11 427,905 427,905 427,905 13 11% (27%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 1,941 0 18,104 18,104 306 0 (84%) --
Expenses
Janitorial 0 0 0 0 3,135 0 3,535 3,535 3,535 0 13% --
Management Fees 0 0 0 0 17,085 1 21,123 21,123 20,411 1 19% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Capital Items 17,187 1 0 0 16,468 0 8,000 8,000 16,468 0 -- (4%)
Net Cash Flow 445,662 13 0 0 291,973 9 384,873 384,873 359,319 11 23% (19%)
Debt Service 0 0 0 0 367,577 11 367,577 367,577 367,577 11 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 445,662 13 0 0 (75,604) (2) 17,296 17,296 (8,258) 0 (89%) (102%)
DSCR (A) NOI/NCF 0.84 / 0.79 1.02 / 0.98
DSCR (A,B) NOI/NCF 0.84 / 0.79 1.02 / 0.98
DSCR (A,B,C) NOI/NCF 0.84 / 0.79 1.02 / 0.98

PARAMOUNT PLACE LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

GIGAPARTS, INC. 7,970.00 23.49 12.53 05/31/2016 Loan Property Balance
TERRANOVA'S ITALIAN RESTAURANT 5,700.00 16.80 18.06 07/31/2015 P & I (Current) 367,577 367,577 4,432,100
DAY SPA BY MIMI & TOM 5,110.00 15.06 15.50 05/31/2015
Total: 367,577 367,577

02/10/2009 - 1E - DSCR < 1.10. Loan is secured by a 33,934 sf three-building retail center in
Huntsville, AL, built in 2006. The 11/18/2008 inspection rated the Property in Good condition. YTD
9/30/2008 NCF DSCR is improved to 1.03x with 86% Occ. Based on Annualized YTD 9/30/2008
figures, the DSCR remains below U/W and threshold due to decreased EGI caused by decreased Exp
Reimbursements. Occ has remained virtually unchanged since U/W. A discrepancy is noted from the
12/07 to 3/08 (and 6/08) rent rolls with tenant Terranova's Italian Restaurant, in Unit B1A. The 12/07
RR reports this unit at 6200 sf, while the 3/08 and 6/08 rent rolls indicate 5700 sf, which artificially
raises Occ to 86.1%. The lease of the largest tenant, GigaParts, did not take effect until 5/1/07. Per
U/W, the Property totals 35,364 sf, which is not consistent with 12/07 and subsequent rent rolls.
Property was under development and construction at time of U/W; as of 3/31/2008, the same three
units totaling 4800 sf are reported as vacant. Per Primary Svcr, the Bwr indicated in 5/2008 that the
Property was in lease-up and had several prospects for vacant spaces. DSCR decline from U/W to YE-
07 was attributed to not-yet-stabilized Rental Income; YE-07 Base Rents were 34% below U/W; EGI
was 27% below U/W. Bank of America asked the Primary Servicer to obtain from the Bwr: a) Nov 2008
update on tenant prospects; b) Bwr's marketing plan/advertising methods, current asking rates; and c)
explanation of square footage discrepancies on rent rolls. Primary Svcr reported that, per the Borrower
on 12/5/2008, there have been no new leases or tenants signed at the property. BofA is awaiting further
clarification and will continue to monitor the loan.
05/12/2009 8:28:40 AM Page 56 Of 241

2008:
Income: Prior Year Income has been adjusted to zero. Per the 1/1/09 rent roll, the property is 85.9% occupied with an average annual rental rate of $15.39/SF. Base rent has increased from 2007 due to the
property being in lease up through 2007. Giga Parts, Inc. (7,979 SF; 24% NRA; 5/31/2016 exp) signed a lease commencing on 5/1/2007. In addition, the average rental rate has increased $0.69/SF
since 2007. Per borrower conversation, there are currently no propective tenants for the vacant space at the property. Expense reimbursement is up due to increases in CAM, property taxes, and
insurance. Other income has decreased due to late fees.
Expense: Property Insurance is per Borrower’s reporting. Real Estate Taxes have been adjusted to 2008 Disbursement. Management Fees have been adjusted to 4% of EGI. Advertising has declined due to
no reported signage services. G&A is down from 2007 due to a $3.3k decrease in bank fees.
Capital Expense: Capital Expenditures, Tenant Improvements and Leasing Commissions have been adjusted to Underwritten Levels.
DSCR: DSCR has risen since 2007 due to increases in rental and reimbursement income.
2007:
Capital Expense: Capital Expenditures have been adjusted to the Reserve Replacement level. TI has been adjusted to 67% and LC 33% of the Reserve Replacement level. Capital Expenditures include
$217K for land improvements and $2 mil for buildings.
Base:
05/12/2009 8:28:40 AM Page 57 Of 241

WHITEFISH BAY TOWNHOMES 240 EAST CHATEAU PLACE, MILWAUKEE, WI
Income
Base Rent 2,519,210 11,246 0 0 2,355,307 10,515 1,857,589 1,857,589 1,857,589 8,293 (21%) (26%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 94,448 422 80,055 80,055 80,055 357 (15%) --
Expenses
Real Estate Taxes 0 0 0 0 350,948 1,567 266,598 266,598 280,622 1,253 (20%) --
Management Fees 0 0 0 0 97,990 437 0 0 77,506 346 (21%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 1,601,101 7,148 0 0 1,413,455 6,310 1,244,688 1,244,688 1,118,058 4,991 (21%) (30%)
Debt Service 1,306,313 5,832 0 0 1,075,840 4,803 806,483 806,483 806,483 3,600 (25%) (38%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 294,788 1,316 0 0 337,615 1,507 438,205 438,205 311,575 1,391 (8%) 6%
DSCR (A) NOI/NCF 1.26 / 1.23 1.37 / 1.31 1.43 / 1.39
DSCR (A,B) NOI/NCF 1.26 / 1.23 1.37 / 1.31 1.43 / 1.39
DSCR (A,B,C) NOI/NCF 1.26 / 1.23 1.37 / 1.31 1.43 / 1.39

BAY VILLAGE LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 1,060,580 1,060,580 19,000,000
Status: Performing
Total: 1,060,580 1,060,580
2008:
Income: Per the 10/09/2008 rent roll, the property is 98% occupied with an average rental rate of $958/unit.
2007:
Income: Per 1/4/2008 rent roll, the property is 99% occupied with an average rental rate of $935/unit.
Expense: Property Insurance has been adjusted to 2007 Disbursements. Real Estate Taxes per Borrower’s reporting. Management Fees have been adjusted to 4% of EGI.
Capital Expense: Capital Expenditures have been adjusted to $250/unit.
Base:
05/12/2009 8:28:40 AM Page 58 Of 241

MARINA BAY APARTMENTS-06 939 EAST FLAMINGO ROAD, LAS VEGAS, NV
Income
Base Rent 2,136,319 11,127 0 0 0 0 1,951,865 1,951,865 1,951,865 10,166 -- (9%)
Laundry/Vending 0 0 0 0 0 0 19,953 19,953 19,953 104 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 19,991 19,991 19,991 104 -- --
Effective Gross Income 2,136,319 11,127 0 0 0 0 1,991,809 1,991,809 1,991,809 10,374 -- (7%)
Expenses
Management Fees 0 0 0 0 0 0 59,795 59,795 79,672 415 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 556,818 2,900 0 0 0 0 525,220 525,220 558,473 2,909 -- 0%
Net Operating Income 1,579,502 8,227 0 0 0 0 1,466,589 1,466,589 1,433,336 7,465 -- (9%)
Net Cash Flow 1,533,038 7,985 0 0 0 0 1,466,589 1,466,589 1,386,872 7,223 -- (10%)
Debt Service 1,261,616 6,571 0 0 0 0 1,050,835 1,050,835 1,050,835 5,473 -- (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.25 / 1.22 1.36 / 1.32
DSCR (A,B) NOI/NCF 1.25 / 1.22 1.36 / 1.32
DSCR (A,B,C) NOI/NCF 1.25 / 1.22 1.36 / 1.32
Occupancy 96% 94%
Management 4.0%

AAPI FUND VIII CASA ROYALE LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 1,261,615 1,261,615 15,912,094
Status: Performing
Total: 1,261,615 1,261,615
06/03/2008 - Loan Transferred to Special Servicer (CW Capital) effective 6/3/2008.
2007:
Income: Per the 12/31/2007 rent roll, the property is 94% occupied with an average rental rate of $909/unit. Base rent is up from YE 2006 due to a $58/unit increase in average rents.
Expense: Property Insurance and Real Estate Taxes have been adjusted to 2007 Disbursements. Management Fees have been adjusted to 4% of EGI. Utilities expenses are down from YE 2006 due to a
$23.7K decrease in trash expenses and a $2.5K decrease in power expenses.
Capital Expense: Capital Expenditures have been adjusted to the Reserve Replacement Level. No capital expenditures were reported per borrower.
Base:
GEORGETOWN SOUTH 1855 SHOSHONE DRIVE, LAFAYETTE, IN
APARTMENTS
05/12/2009 8:28:40 AM Page 59 Of 241

Income
Gross Potential Rent 0 0 0 0 1,368,390 6,335 1,361,040 1,361,040 1,361,040 6,301 (1%) --
Vacancy/Collection Loss 0 0 0 0 (230,162) (1,066) (178,730) (178,730) (178,730) (827) (22%) --
Base Rent 1,099,922 5,092 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 20,783 96 26,289 26,289 26,289 122 26% --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 54,785 254 80,525 80,525 65,923 305 20% --
Expenses
Management Fees 0 0 0 0 52,063 241 51,661 51,661 51,661 239 (1%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 509,689 2,360 0 0 620,889 2,874 623,840 623,840 613,677 2,841 (1%) 20%
Net Cash Flow 455,689 2,110 0 0 566,889 2,624 623,840 623,840 559,677 2,591 (1%) 23%
Debt Service 379,678 1,758 0 0 315,128 1,459 315,991 315,991 315,991 1,463 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 76,012 352 0 0 251,761 1,166 307,849 307,849 243,686 1,128 (3%) 221%
DSCR (A) NOI/NCF 1.34 / 1.20 1.97 / 1.80 1.94 / 1.77
DSCR (A,B) NOI/NCF 1.34 / 1.20 1.97 / 1.80 1.94 / 1.77
DSCR (A,B,C) NOI/NCF 1.34 / 1.20 1.97 / 1.80 1.94 / 1.77

GREATER VISION VIII LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 379,678 379,678 5,425,880
Insurance 40,173 40,173 23,262
Reserves:
Replacement 36,936 36,936 88,471
Total: 572,715 572,715
2008:
Income: Interest Only Loan. Lease Termination Fees and Write Offs adjusted out.
Expense: Real Estate Taxes and Property Insurance adjusted per Servicer Record. Management fee represents Borrower actuals @ 4.0533% of EGI. prior year tax adjusted out.
2007: Unable to generate Osar, analysis has been saved.
Income: Interest Only loan. Lease Termination Fees / Write off adjusted out.
Expense: Real Estate Taxes / Property Insurance adjusted per Servicer Record. Management fee represents borrower's actual @ 4.289% of EGI. Prior year tax adjusted out.
Base:
BUCKNER MEDICAL 4801 SOUTH BUCKNER BOULEVARD, DALLAS, TX
05/12/2009 8:28:40 AM Page 60 Of 241

Medical Office 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 701,953 25 0 0 569,469 20 534,256 534,256 534,256 19 (6%) (24%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 8,090 8,090 8,090 0 -- --
Management Fees 0 0 0 0 22,779 1 16,028 16,028 21,371 1 (6%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 407,128 15 0 0 373,277 13 346,596 346,596 291,110 10 (22%) (28%)
Debt Service 326,776 12 0 0 326,776 12 326,776 326,776 326,776 12 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 80,353 3 0 0 46,501 2 19,820 19,820 (35,666) (1) (177%) (144%)
DSCR (A) NOI/NCF 1.38 / 1.25 1.30 / 1.14 1.05 / 0.89
DSCR (A,B) NOI/NCF 1.38 / 1.25 1.30 / 1.14 1.05 / 0.89
DSCR (A,B,C) NOI/NCF 1.38 / 1.25 1.30 / 1.14 1.05 / 0.89

MEDICAL BROTHERS LP Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

BUCKNER FAMILY MEDICAL ASSOCIATION, 10,444.00 37.38 19.00 11/30/2011 Loan Property Balance
P.A.
P & I (Current) 326,776 326,776 4,473,826
LYMH THY PHAM, D.D.S. 2,289.00 8.19 19.00 07/31/2009
MUHAMMAD KHAN, M.D. 1,927.00 6.90 19.00 07/31/2009
Total: 326,776 326,776

02/10/2009 - 1E - DSCR < 1.10; 4B - EGI < U/W EGI & < 1.10 DSCR; previously 1F - DSCR < 1.40 & <
or = 75% U/W and 4A - Occ < 80% of U/W. Loan is secured by a 27,942 sf medical office building in
Dallas, TX, built in 2004. The 10/28/2008 inspection rated the Property in Excellent condition. YTD
9/30/2008 NCF DSCR is somewhat improved to 1.0x (relieving the loan of 1F), with 81.4% Occ as of
11/14/2008; YTD 6/30/2008 NCF DSCR was 0.89x with 81.4% Occ; and YE 12/31/2007 NCF DSCR
was 1.14x with 76% Occ as of 2/4/2008. Loan was U/W at 1.25x and 100% Occ. All tenants have NNN
leases, and all continue to pay an average rate of $19 psf/year as per the 11/14/2008 rent roll. Based
on Annualized 3Q-2008 figures, Base Rents are 5.6% below PYE; rent concessions may have been
given in an effort to boost occupancy. Annualized 3Q-2008 EGI is a 23.7% decline from U/W. EGI at
U/W was determined solely upon Base Rents. Bank of America has requested that the Primary obtain
Borrower's current marketing plan and a leasing update; awaiting a response.
05/12/2009 8:28:40 AM Page 61 Of 241

2008:
Income: Per the 1/29/09 rent roll, the property is 76.4% occupied with an average annual rental rate of $19.00/SF. Occupancy has declined since 2007 due to lower average occupancy. Tenet Hospitals
vacated a portion of their total space on 10/31/2008; however, the tenant still occupies 1,434 SF at the property. Per borrower, there are no prospective tenants for the vacant space at this time.
Expense: Property Insurance per Borrower’s reporting. Real Estate Taxes have been adjusted to 2008 Disbursement. Management Fees have been adjusted to 4% of EGI. R&M has increased since 2007 due
to equipment lease expense of $30.9k. Borrower did not provide a breakdown for the $8.4k increase in professional fees.
DSCR: DSCR remains at its low level due to the occupancy level and an increase in total operating expenses.
2007:
Income: Per the 2/4/2008 rent roll, the property was 76% occupied with average rent of $14.43/sf.
Base:
05/12/2009 8:28:40 AM Page 62 Of 241

AUTOMALL MINI STORAGE 1825 SW COOPER POINT ROAD SW, OLYMPIA, WA
Income
Base Rent 562,297 1,096 0 0 591,757 1,154 607,757 607,757 607,757 1,185 3% 8%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 91,655 179 36,507 36,507 36,507 71 (60%) --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 562,297 1,096 0 0 683,412 1,332 644,264 644,264 644,264 1,256 (6%) 15%
Expenses
Management Fees 0 0 0 0 41,005 80 34,677 34,677 38,656 75 (6%) --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 399,119 778 0 0 461,810 900 475,563 475,563 462,247 901 0% 16%
Debt Service 327,020 637 0 0 276,690 539 276,690 276,690 276,690 539 -- (15%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.26 / 1.22 1.71 / 1.67 1.72 / 1.67
DSCR (A,B) NOI/NCF 1.26 / 1.22 1.71 / 1.67 1.72 / 1.67
DSCR (A,B,C) NOI/NCF 1.26 / 1.22 1.71 / 1.67 1.72 / 1.67

INFINITY REAL ESTATE GROUP LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 327,021 327,021 4,526,401
Status: Performing
Total: 327,021 327,021
2008:
Income: Per the 12/31/2008 rent roll, the property is 83% occupied with average rental rates of $112/unit. Other Income is down due to a $60K decrease in budget commission.
Expense: Property Insurance is per Borrower’s reporting. Real Estate Taxes have been adjusted to 2008 Disbursement. Management Fees have been adjusted to 6% of EGI. G&A is down due to a $31K
decrease budget expense.
2007: Occupancy updation is done based on Subservicer OSAR.
Income: Per 12/31/2007 rent roll, the property is 86% occupied with an average rental rate of $114/unit.
Expense: Taxes adjusted per disbursements. Insurance per borrower's reporting. Management fees have been adjusted to 6%.
Capital Expense: Capital Expenditures adjusted to reserve replacement escrow.
Base:
05/12/2009 8:28:40 AM Page 63 Of 241

WILLOWBROOK APARTMENTS 2106 BUCCHEL BANK ROAD, LOUISVILLE, KY
Income
Base Rent 603,947 5,075 0 0 623,836 5,242 644,434 644,434 644,434 5,415 3% 7%
Laundry/Vending 0 0 0 0 1,419 12 2,912 2,912 2,912 24 105% --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 18,887 159 30,759 30,759 30,759 258 63% --
Expenses
Management Fees 0 0 0 0 25,766 217 26,597 26,597 27,124 228 5% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 235,250 1,977 0 0 197,275 1,658 192,706 192,706 194,377 1,633 (1%) (17%)
Debt Service 175,129 1,472 0 0 175,130 1,472 175,130 175,130 175,130 1,472 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.51 / 1.34 1.30 / 1.13 1.28 / 1.11
DSCR (A,B) NOI/NCF 1.51 / 1.34 1.30 / 1.13 1.28 / 1.11
DSCR (A,B,C) NOI/NCF 1.51 / 1.34 1.30 / 1.13 1.28 / 1.11

WILLOWBROOK INVESTMENTS LLC Primary: Capstone Realty Advisors Surveillance: Leslie Rupracht
Credit:

P & I (Current) 175,130 175,130 2,411,208
Status: Performing
Total: 175,130 175,130
2008:
Expense: Management Fee adjusted to underwritten amount of 4% of income. Real Estate Taxes and insurance adjusted to amounts paid by Capstone in 2008.
2007:
Expense: Management Fee adjusted to underwritteen amount of 4% of income. Real Estate Taxes and insurance adjusted to amounts paid by Capstone in 2007.
Base:
CYPRESS MINI STORAGE 8882 WATSON STREET, CYPRESS, CA
05/12/2009 8:28:40 AM Page 64 Of 241

Income
Base Rent 386,300 1,076 0 0 384,581 1,071 197,744 197,744 197,744 551 (49%) (49%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 20,698 58 7,878 7,878 7,878 22 (62%) --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 386,300 1,076 0 0 405,279 1,129 205,622 205,622 205,622 573 (49%) (47%)
Expenses
Management Fees 0 0 0 0 24,317 68 10,676 10,676 12,337 34 (49%) --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 205,574 573 0 0 206,450 575 121,860 121,860 118,637 330 (43%) (42%)
Debt Service 163,141 454 0 0 136,839 381 68,419 68,419 68,419 191 (50%) (58%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.31 / 1.26 1.53 / 1.51 1.76 / 1.73
DSCR (A,B) NOI/NCF 1.31 / 1.26 1.53 / 1.51 1.76 / 1.73
DSCR (A,B,C) NOI/NCF 1.31 / 1.26 1.53 / 1.51 1.76 / 1.73

GAK LLC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 134,964 134,964 2,300,000
Status: Performing
Total: 134,964 134,964
2008:
Income: Per the 05/31/2008 rent roll, the property is 83% occupied with an average rental rate of $108/unit.
Expense: Property Insurance and Real Estate Taxes have been adjusted to Loan Escrow Constant Amount. Management Fees have been adjusted to 6% of EGI. G&A is down due to decrease in Outside
Service of $10K.
Capital Expense: Capital Expenditures have been adjusted to .10/SF.
2007: Occupancy updated per Subservicer OSAR - Shruti 3/18/08.
Income: Interest only loan.
Expense: Property Insurance is per Borrower’s reporting. Real Estate Taxes have been adjusted to 2007 Disbursement. Management Fees have been adjusted to 6% of EGI.
Capital Expense: Capital Expenditures have been adjusted to $0.10/SF.
DSCR: Debt Service adjusted per servicer record.
Base:
STOR-IN MINI STORAGE 7321 44TH AVE NE, MARYSVILLE, WA
05/12/2009 8:28:40 AM Page 65 Of 241

Income
Base Rent 323,318 681 0 0 284,677 599 258,268 258,268 258,268 544 (9%) (20%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Management Fees 0 0 0 0 17,081 36 0 0 15,496 33 (9%) --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 210,877 444 0 0 139,339 293 178,610 178,610 138,879 292 0% (34%)
Debt Service 173,240 365 0 0 129,930 274 115,493 115,493 115,493 243 (11%) (33%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.25 / 1.22 1.11 / 1.07 1.24 / 1.20
DSCR (A,B) NOI/NCF 1.25 / 1.22 1.11 / 1.07 1.24 / 1.20
DSCR (A,B,C) NOI/NCF 1.25 / 1.22 1.11 / 1.07 1.24 / 1.20

STOR-IN MINI STORAGE, INC Primary: Midland Loan Services, Inc. Surveillance: Leslie Rupracht
Credit:

P & I (Current) 173,240 173,240 2,286,495
Status: Performing
Total: 173,240 173,240
2008:
Income: Per the 08/31/2008 rent roll, the property is 95% occupied with an average monthly rental rate of $71/unit.
Expense: Property Insurance has been adjusted to 2008 Disbursements. Real Estate Taxes have been adjusted to Loan Escrow Constant Amount. Management Fees have been adjusted to 6% of EGI.
Advertising and marketing has decreased due to a $12.2K decrease in general advertising.
2007:
Income: Per the 11/19/2007 Rent Roll, the property is 77% occupied. Base Rent is up due to an increase in average occupancy.
Expense: Property Insurance and Real Estate Taxes have been adjusted to the 2007 disbursements. Management Fees have been adjusted to 6% of EGI. Professional Fees have been stabilized to Q3 2007
figure for analysis purpose. Advertising and Marketing is down due to a decrease in property advertising. Payroll & Benefits are up due to an increase for medical insurance and gross wages.
Capital Expense: Capital Expenditures have been adjusted to the Reserve Replacement Levels. Capital Expenditures includes $12K for asphault repair and $2K for building repairs.
Base:
05/12/2009 8:28:40 AM Page 66 Of 241

WHITNEY PLACE SELF 2700 WHITNEY PLACE, DISTRICT HEIGHTS, MD
STORAGE
Income
Vacancy/Collection Loss 0 0 0 0 0 0 (84,907) (84,907) (84,907) (116) -- --
Base Rent 794,331 1,087 0 0 855,059 1,170 1,048,017 1,048,017 1,048,017 1,434 23% 32%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 77,055 105 94,635 94,635 94,635 129 23% --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 794,331 1,087 0 0 932,114 1,275 1,057,744 1,057,744 1,057,744 1,447 13% 33%
Expenses
Management Fees 0 0 0 0 37,285 51 0 0 42,310 58 13% --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 70,859 97 96,410 96,410 96,410 132 36% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 431,796 591 0 0 510,146 698 728,346 728,346 664,096 908 30% 54%
Debt Service 363,403 497 0 0 363,403 497 363,403 363,403 363,403 497 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.22 / 1.19 1.43 / 1.40 1.86 / 1.83
DSCR (A,B) NOI/NCF 1.22 / 1.19 1.43 / 1.40 1.86 / 1.83
DSCR (A,B,C) NOI/NCF 1.22 / 1.19 1.43 / 1.40 1.86 / 1.83

WHITNEY STORAGE LLC Primary: Grandbridge Real Estate Capital, LLC Surveillance: Leslie Rupracht
Credit:

P & I (Current) 363,403 363,403 4,890,920
Status: Performing
Total: 363,403 363,403
2008:
Expense: Excluded non-operational travel expense. RET and Insurance adjusted using monthly constants. Added 4% management fee.
Capital Expense: Normalized to U/W.
2007: As no Rent Roll provided, Occuonacy has been updated as per Subservicer OSAR. Radhika 2/13/08.
Income: New Loan. Loan originated on 11/30/2006.
Expense: Property insurance adjusted to amount disbursed for 2007 premium payment. Management fee assumed at 4% EGI. Real estate taxes adjusted to amount due per 2007 tax bill. Adjusted out bad
debt expense of $66,444.93.
Capital Expense: Normalized total capital items to U/W.
Base:
HOLLYWOOD SELF STORAGE 5900 HOLLYWOOD BLVD, HOLLYWOOD, CA
05/12/2009 8:28:40 AM Page 67 Of 241

1,013 UNT Baseline 2006 2007 2008 YTD Variance
Self-Storage 2/28/2007 - 12 mos 6/30/2006 - 6 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 2,099,196 2,072 906,021 894 2,234,142 2,205 2,380,733 2,380,733 2,380,733 2,350 7% 13%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 19,912 20 58,492 58 64,493 64,493 64,895 64 11% --
Reimbursements 0 0 15,232 15 11,059 11 23,078 23,078 23,078 23 109% --
Effective Gross Income 2,099,196 2,072 941,165 929 2,303,693 2,274 2,468,304 2,468,304 2,468,706 2,437 7% 18%
Expenses
Real Estate Taxes 0 0 72,539 72 153,663 152 170,648 170,648 170,648 168 11% --
Property Insurance 0 0 5,948 6 9,688 10 21,722 21,722 21,722 21 124% --
Management Fees 0 0 56,470 56 115,185 114 170,671 170,671 123,435 122 7% --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 10,004 10 9,650 9,650 9,650 10 (4%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 1,470,715 1,452 601,719 594 1,477,131 1,458 1,628,053 1,628,053 1,681,952 1,660 14% 14%
Net Cash Flow 1,462,334 1,444 597,703 590 1,468,751 1,450 1,628,053 1,628,053 1,673,571 1,652 14% 14%
Debt Service 1,216,856 1,201 462,787 457 1,045,887 1,032 1,048,753 1,048,753 1,048,753 1,035 0% (14%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.21 / 1.20 1.30 / 1.29 1.41 / 1.40 1.60 / 1.60
DSCR (A,B) NOI/NCF 1.21 / 1.20 1.30 / 1.29 1.41 / 1.40 1.60 / 1.60
DSCR (A,B,C) NOI/NCF 1.21 / 1.20 1.30 / 1.29 1.41 / 1.40 1.60 / 1.60
Occupancy 88% 83% 89% 90%

HOLLYWOOD & BRONSON SELF STORAGE, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 1,065,945 1,065,945 16,400,000
Reserves:
Replacement 2,670 2,670 446
Total: 1,328,182 1,328,182
2008:
Income: Interest Only Loan. Rental Refunds adjusted out.
Expense: Real Estate Taxes / Property Insurance represents borrowres actual. Management fee adjusted to 5% of EGI per UW. Contributions adjusted out.
DSCR: Debt Service adjusted per servicer Record.
2007:
Income: Interest Only Loan.
Expense: Real Estate Taxes represents borrowers actual. Property Insurance adjusted per UW. Management Fees adjusted to 5% of EGI per UW. Contributions adjusted out.
DSCR: Debt Service adjusted per servicer Record.
2006:
Income: New loan. Interest only loan. Interest Income adjusted out.
Expense: Real Estate Taxes / Property Insurance represents borrower actual. Management Fee adjusted to 6% of EGI per UW. Contributions adjusted out.
Capital Expense: Debt Service adjusted per servicer record. Capital Expenditure adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 68 Of 241

HONEY CREEK 115 SOUTH 84TH STREET, MILWAUKEE, WI
Income
Gross Potential Rent 0 0 0 0 1,972,275 17 0 0 0 0 -- --
Vacancy/Collection Loss 0 0 0 0 (16,014) 0 0 0 0 0 -- --
Base Rent 2,518,895 21 0 0 0 0 1,890,637 1,890,637 1,890,637 16 -- (25%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 0 0 1,103,212 9 1,129,065 1,129,065 1,129,065 10 2% --
Parking Income 0 0 0 0 31,946 0 32,680 32,680 32,680 0 2% --
Other Income 0 0 0 0 (33,213) 0 9,134 9,134 9,134 0 (128%) --
Effective Gross Income 2,518,895 21 0 0 3,058,207 26 3,061,516 3,061,516 3,061,516 26 0% 22%
Expenses
Real Estate Taxes 0 0 0 0 451,484 4 495,851 495,851 451,484 4 -- --
Janitorial 0 0 0 0 133,336 1 134,245 134,245 134,245 1 1% --
Management Fees 0 0 0 0 119,965 1 115,783 115,783 115,783 1 (3%) --
Other Expenses 0 0 0 0 18,603 0 3,059 3,059 3,059 0 (84%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 1,056,620 9 0 0 1,343,286 11 1,394,080 1,394,080 1,342,841 11 0% 27%
Net Operating Income 1,462,275 12 0 0 1,714,921 15 1,667,436 1,667,436 1,718,674 15 0% 18%
Net Cash Flow 1,282,482 11 0 0 1,535,128 13 1,667,436 1,667,436 1,538,882 13 0% 20%
Debt Service 980,221 8 0 0 980,221 8 980,221 980,221 980,221 8 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.49 / 1.31 1.75 / 1.57 1.75 / 1.57
DSCR (A,B) NOI/NCF 1.49 / 1.31 1.75 / 1.57 1.75 / 1.57
DSCR (A,B,C) NOI/NCF 1.49 / 1.31 1.75 / 1.57 1.75 / 1.57

GENEVA EXCHANGE FUND XLVIII, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Virchow 29,010.00 24.57 19.15 12/31/2009 Loan Property Balance
new cingular wireless 16,364.00 13.86 17.53 01/31/2011 P & I (Current) 980,221 980,221 13,557,877
virchnow krause corn 13,810.00 11.70 19.58 12/31/2009 Tax 469,543 469,543 306,101
Insurance 18,383 18,383 20,616
Status: Performing
Reserves:
Replacement 14,169 14,169 35,539
Commissions
Repair 0 0 0
Total: 1,698,982 1,698,982
2008:
Expense: Real Estate Taxes and Property Insurance adjusted as per Servicer record. Management Fees represents borrowers actual @ 3.7818% of EGI.
Capital Expense: Capital Expenditure and Tenant Improvements / Leasing Commission adjusted as per UW.
2007:
Expense: Real Estate Taxes represents borrowers actual. Property Insurance adjusted per servicer record. Management Fees represents borrowers actual @3.92% of EGI . Write off adjusted out.
Capital Expense: Capital Expenditures / Tenant Improvements & Leasing Commissions adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 69 Of 241

LETTER OF CREDIT

GENEVA EXCHANGE FUND XLVIII, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 980,221 0 13,557,877
Status: Performing Tax 469,543 0 306,101
Insurance 18,383 0 20,616
Reserves:
Replacement 14,169 0 35,539
Tenant Improvements and Leasing 216,667 0 451,372
Commissions
Repair 0 0 0
Total: 1,698,982 0
05/12/2009 8:28:40 AM Page 70 Of 241

PNA-METALS SUPPLY 526 MOCKINGBIRD LANE, CLUTE, TX
Income
Base Rent 51,522 1 0 0 54,573 1 55,590 55,590 55,590 1 2% 8%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 2,729 0 1,297 1,297 2,224 0 (19%) --
General & Administrative Expenses 2,061 0 0 0 3,800 0 9,233 9,233 9,233 0 143% 348%
Other Expenses 0 0 0 0 850 0 (75) (75) (75) 0 (109%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Tenant Improvements 1,356 0 0 0 1,356 0 0 0 1,356 0 -- 0%
Net Cash Flow 44,136 1 0 0 40,172 1 45,135 45,135 38,883 1 (3%) (12%)
Debt Service 33,399 1 0 0 28,305 1 28,305 28,305 28,305 1 -- (15%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.48 / 1.32 1.61 / 1.42 1.56 / 1.37
DSCR (A,B) NOI/NCF 1.48 / 1.32 1.61 / 1.42 1.56 / 1.37
DSCR (A,B,C) NOI/NCF 1.48 / 1.32 1.61 / 1.42 1.56 / 1.37
Occupancy 100% 100% 100%

METALS SUPPLY PROPERTY, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Metals Supply Company, Ltd. 39,500.00 101.28 1.41 08/09/2021 Loan Property Balance
P & I (Current) 28,305 28,305 337,308
Total: 34,507 34,507
2008:
Income: NNN Lease. Single Tenant.
Expense: Tenant is responsible for Taxes , Insurance & CAM Charges. Management Fees adjusted to 4% of EGI per UW. Income Taxes adjusted out.
23% variance in TOE is due to increase in General & Administrative Expences from $3799 in YE07 to $ 9233 in YE08.
2007:
Income: NNN Lease. Single Tenanat.
Expense: Tenant is resposible for Taxes , Insurance & CAM Charges. Management Fees adjusted to 5% of EGI. Income Tax adjusted out.
Capital Expense: Capital Expenditure and Tenant Improvement/Leasing Commission adjusted per Underwriting.
Base:
05/12/2009 8:28:40 AM Page 71 Of 241

PNA DELNOR CORP 2000 NORTH 170TH EAST AVENUE, TULSA, OK
Income
Base Rent 817,487 9 0 0 865,891 9 882,026 882,026 882,026 9 2% 8%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 43,295 0 20,581 20,581 35,281 0 (19%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 731,068 8 0 0 755,214 8 730,302 730,302 789,883 8 5% 8%
Debt Service 573,335 6 0 0 573,335 6 573,335 573,335 573,335 6 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.37 / 1.28 1.41 / 1.32 1.47 / 1.38
DSCR (A,B) NOI/NCF 1.37 / 1.28 1.41 / 1.32 1.47 / 1.38
DSCR (A,B,C) NOI/NCF 1.37 / 1.28 1.41 / 1.32 1.47 / 1.38
Occupancy 100% 100% 100%

DELNOR PROPERTY LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 573,335 144,538 6,832,275
Reserves:
Environmental 0 0 0
Total: 740,289 186,628
2008:
Income: NNN Lease. Single Tenant. Borrower provided Consolidated Financial Statement, hence worked on the same.
Expense: -33% Variance Total operating expenses is due to decrease in General & Administrative expenses by $8855. Tenant is responsible for all operating expenses. Management Fees adjusted to 4% of
EGI per UW. Income Taxes adjusted out.
Capital Expense: Capital Expenditure and Tenant Improvements/Leasing Commissions adjusted per Underwriting.
2007:
Income: NNN Lease. Single Tenant. Borrower provided consolidated statement hence worked on same.
Expense: Tenant is responsible for all operating expenses. Management Fees adjusted to 5% of EGI. Income Taxes adjusted out.
Capital Expense: Capital Expenditure ,Tenant Improvement & Leasing Commission adjusted per Underwriting.
Base:
05/12/2009 8:28:40 AM Page 72 Of 241

PNA-DELNOR CORP 9217 SOUTH FREEWAY, FORT WORTH, TX
Industrial 2/28/2007 - 12 mos
Income
Base Rent 817,487 5 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 731,068 4 0 0 0 0 0 0 0 0 -- (100%)
Debt Service 553,228 3 0 0 0 0 0 0 0 0 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.42 / 1.32
Occupancy 100%
Management

Credit:

Delta Steel LLC 165,000.00 100.12 2.08 Loan Property Balance
P & I (Current) 573,335 223,432 6,832,275
Reserves:
Environmental 0 0 0
Total: 740,289 288,495
Base:
05/12/2009 8:28:40 AM Page 73 Of 241

PNA-DELNOR CORP 1840 ACKERMAN ROAD, SAN ANTONIO, TX

Credit:

Delta Steel LLC 106,000.00 99.99 2.98 Loan Property Balance
P & I (Current) 573,335 205,365 6,832,275
Reserves:
Environmental 0 0 0
Total: 740,289 265,167
05/12/2009 8:28:40 AM Page 74 Of 241

PNA- SMITH PIPE 735 NORTH 19TH AVE, PHOENIX, AZ
Income
Base Rent 609,681 3 0 0 645,780 3 657,813 657,813 657,813 3 2% 8%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 32,289 0 15,349 15,349 26,313 0 (19%) --
Other Expenses 0 0 0 0 850 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 550,980 3 0 0 573,222 3 560,617 560,617 595,316 3 4% 8%
Debt Service 416,948 2 0 0 427,592 2 427,592 427,592 427,592 2 -- 3%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.40 / 1.32 1.42 / 1.34 1.47 / 1.39
DSCR (A,B) NOI/NCF 1.40 / 1.32 1.42 / 1.34 1.47 / 1.39
DSCR (A,B,C) NOI/NCF 1.40 / 1.32 1.42 / 1.34 1.47 / 1.39
Occupancy 100% 100% 100%

SMITH PIPE & STEEL PROPERTY, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Ave. phoenix 201,000.00 100.25 2.95 08/09/2021 Loan Property Balance
P & I (Current) 427,592 385,435 5,095,499
Total: 625,851 564,147
2008:
Income: NNN Lease. Worked on consolidated statement as provided by the borrower.
Expense: -26% variance in Total Operating Expenses is due to decrease in General & Administration & Professional fees by $1571 & 852 when compared with YE07. Management fee reduced by $5976 when
compared with YE07.Borrower is resposible for Taxes & Insurance. Management Fees adjusted to 4% of EGI per UW. Income Taxes adjusted out.
Capital Expense: Capital Expenditure and Tenant Improvements / Leasing commission adjusted per UW.
2007:
Income: NNN lease.
Expense: Borrower is resposible for Taxes & Insurance. Management Fees adjusted to 5% of EGI. Incone Taxes adjusted out.
Capital Expense: Capital Expenditure,Tenant improvement , Leasing commission adjusted per Underwriting.
Base:
05/12/2009 8:28:40 AM Page 75 Of 241

PNA- SMITH PIPE 1501 S EUCLID AVE, TUCSON, AZ

SMITH PIPE & STEEL PROPERTY, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Euclid 20,000.00 86.40 3.24 08/09/2021 Loan Property Balance
P & I (Current) 427,592 42,157 5,095,499
Total: 625,851 61,704
05/12/2009 8:28:40 AM Page 76 Of 241

PNA-DELTA STEEL 303 NAVIGATION, CORPUS CHRISTI, TX
Income
Base Rent 628,572 23 0 0 665,790 24 678,196 678,196 678,196 25 2% 8%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 33,290 1 15,825 15,825 27,128 1 (19%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 561,110 20 0 0 574,178 21 563,917 563,917 605,955 22 6% 8%
Debt Service 440,842 16 0 0 440,842 16 440,842 440,842 440,842 16 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.37 / 1.27 1.40 / 1.30 1.47 / 1.37
DSCR (A,B) NOI/NCF 1.37 / 1.27 1.40 / 1.30 1.47 / 1.37
DSCR (A,B,C) NOI/NCF 1.37 / 1.27 1.40 / 1.30 1.47 / 1.37
Occupancy 100% 100% 100%

DELTA STEEL PROPERTY LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Delta Steel LLC 27,000.00 98.36 2.81 08/09/2021 Loan Property Balance
P & I (Current) 440,842 49,384 5,253,388
Total: 637,410 71,404
2008:
Income: NNN Lease. Single Tenant. Borrower has reported a Consolidated Operating Statement, hence Worked on the same.
Expense: -39% variance in Total Operating Expenses is due to decrease in General & Administration expenses by $11544 when compared with YE07. Management Fee adjusted to 4% of EGI per
Underwriting. Income Taxes adjusted out.
2007:
Expense: Tenant pays all operating expenses. Management Fees adjusted to 5% of EGI. Income Taxes adjusted out.
Base:
05/12/2009 8:28:40 AM Page 77 Of 241

PNA-DELTA STEEL 7355 ROUNDHOUSE LANE, HOUSTON, TX
Income
Base Rent 628,572 2 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 561,111 2 0 0 0 0 0 0 0 0 -- (100%)
Debt Service 424,614 2 0 0 0 0 0 0 0 0 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.42 / 1.32
Occupancy 100%
Management

DELTA STEEL PROPERTY LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Delta Steel LLC 258,000.00 98.23 2.33 08/09/2021 Loan Property Balance
P & I (Current) 440,842 391,458 5,253,388
Total: 637,410 566,006
Base:
PNA-CLINTON & LOCKWOOD 5311 CLINTON DRIVE, HOUSTON, TX
05/12/2009 8:28:40 AM Page 78 Of 241

Income
Base Rent 558,158 2 0 0 591,207 2 602,223 602,223 602,223 2 2% 8%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 29,560 0 14,052 14,052 24,089 0 (19%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 460,175 2 0 0 481,011 2 480,140 480,140 499,346 2 4% 9%
Debt Service 348,232 1 0 0 264,987 1 264,987 264,987 264,987 1 -- (24%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.54 / 1.32 2.10 / 1.82 2.17 / 1.88
DSCR (A,B) NOI/NCF 1.54 / 1.32 2.10 / 1.82 2.17 / 1.88
DSCR (A,B,C) NOI/NCF 1.54 / 1.32 2.10 / 1.82 2.17 / 1.88
Occupancy 100% 100% 100%

CLINTON & LOCKWOOD LTD Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Metals Supply Company, Ltd. 280,000.00 100.00 2.15 07/31/2021 Loan Property Balance
P & I (Current) 264,987 264,987 3,157,774
Reserves:
Miscellaneous 0 0 112,500
Repair 0 0 857,500
Total: 389,478 389,478
2008: Tenant is responsible for Real estate taxes and Insurance.please check.
Expense: -21% Variance in total operating expenses is due to decrease in Professional fee by $1147. Tenant is responsible for all operating expenses. Management Fees adjusted to 4% of EGI per UW.
Income Taxes adjusted out.
Capital Expense: Capital Expenditure & Tenant Improvement/Leasing Commission adjusted per UW.
2007: Occupancy updated as per Annexure. Radhika 3/10/08.
Income: NNN Lease. Single Tenant. Worked on consolidated statement.
Capital Expense: Capital Expenditure & Tenant Improvement/Leasing Commission adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 79 Of 241

PNA- FERALLOY PROPERTY 1435 RED HAT ROAD, DECATUR, AL
Income
Base Rent 1,492,859 9 0 0 1,581,255 9 1,610,720 1,610,720 1,610,720 9 2% 8%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 79,063 0 37,583 37,583 64,429 0 (19%) --
Other Expenses 0 0 0 0 850 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 1,341,740 8 0 0 1,393,293 8 1,336,654 1,336,654 1,453,110 8 4% 8%
Debt Service 1,046,999 6 0 0 1,046,999 6 1,046,999 1,046,999 1,046,999 6 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.37 / 1.28 1.42 / 1.33 1.48 / 1.39
DSCR (A,B) NOI/NCF 1.37 / 1.28 1.42 / 1.33 1.48 / 1.39
DSCR (A,B,C) NOI/NCF 1.37 / 1.28 1.42 / 1.33 1.48 / 1.39
Occupancy 100% 100% 100%

FERALLOY PROPERTY, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Red Hat Rd. Decatur 175,000.00 101.26 2.29 10/09/2021 Loan Property Balance
P & I (Current) 1,046,999 260,470 12,476,796
Reserves:
Environmental 0 0 0
Total: 1,473,225 366,505
2008:
Expense: -31% variance in Total Operating Expenses is due to decrease in Professional Fees.
Tenant is responsible for all operating expenses. Management Fees adjusted to 4% of EGI per UW. Income Taxes adjusted out.
Capital Expense: Capital Expenditure / Tenant Improvement & Leasing Commission adjusted per Underwriting.
2007:
Base:
05/12/2009 8:28:40 AM Page 80 Of 241

PNA-FERALLOY PROPERTY 936 PERFORMANCE DRIVE, STOCKTON, CA
Income
Base Rent 1,492,859 10 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 1,341,740 9 0 0 0 0 0 0 0 0 -- (100%)
Debt Service 1,015,347 7 0 0 0 0 0 0 0 0 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.41 / 1.32
Occupancy 100%
Management

Credit:

Performance Drive Stockton 175,000.00 113.40 3.44 08/09/2021 Loan Property Balance
P & I (Current) 1,046,999 391,458 12,476,796
Reserves:
Environmental 0 0 0
Total: 1,473,225 550,817
Base:
05/12/2009 8:28:40 AM Page 81 Of 241

PNA- FERALLOY PROPERTY 2500 CENTURY DRIVE, GRANITE CITY, IL

Credit:

Century Drive Granite City 140,000.00 100.00 1.87 08/09/2021 Loan Property Balance
P & I (Current) 1,046,999 169,832 12,476,796
Reserves:
Environmental 0 0 0
Total: 1,473,225 238,970
PNA- FERALLOY PROPERTY 1020 NORTH STEEL CIRCLE, HUGER, SC

Credit:

N.Steel Circle Huger 136,000.00 94.59 2.55 08/09/2021 Loan Property Balance
P & I (Current) 1,046,999 225,239 12,476,796
Reserves:
Environmental 0 0 0
Total: 1,473,225 316,932
PNA-INFRA-METALS 200 N E 7TH STREET, HALLANDALE, FL
05/12/2009 8:28:40 AM Page 82 Of 241

Income
Base Rent 2,018,266 58 0 0 1,910,055 55 1,945,646 1,945,646 1,945,646 56 2% (4%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 95,503 3 0 0 77,826 2 (19%) --
Professional Fees 0 0 0 0 6,679 0 0 0 0 0 -- --
General & Administrative Expenses 307,031 9 0 0 2,250 0 78,965 78,965 2 0 (100%) (100%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Tenant Improvements 34,567 1 0 0 34,568 1 0 0 0 0 (100%) (100%)
Capital Expenditures 61,493 2 0 0 61,493 2 0 0 0 0 (100%) (100%)
Total Capital Items 96,060 3 0 0 96,061 3 0 0 0 0 (100%) (100%)
Net Cash Flow 1,615,175 47 0 0 1,708,748 49 1,866,681 1,866,681 1,867,818 54 9% 16%
Debt Service 1,232,891 36 0 0 1,232,417 36 1,232,417 1,232,417 1,232,417 36 -- 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.39 / 1.31 1.46 / 1.39 1.52 / 1.52
DSCR (A,B) NOI/NCF 1.39 / 1.31 1.46 / 1.39 1.52 / 1.52
DSCR (A,B,C) NOI/NCF 1.39 / 1.31 1.46 / 1.39 1.52 / 1.52
Occupancy 100% 100% 100%

INFRA-METALS PROPERTY LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Infra-Metals-Hallandale, FL 34,650.00 100.00 2.67 07/31/2021 Loan Property Balance
P & I (Current) 1,232,417 60,201 14,693,246
Reserves:
Environmental 0 0 0
Total: 1,981,926 96,813
2008:
Income: NNN Lease . Single Tenant. Worked on Consolidated statement.
Expense: Tenant is responsible for all Operating Expenses. Management fees adjusted @ 4% of EGI per UW. Income tax adjusted out.
Capital Expense: Tenant Improvements / Leasing Commissions and Capital Expenditure adjusted per UW.
2007:
Income: NNN Lease . Single Tenant. Worked on Consolidated statement.
Expense: Tenant is responsible for all Operating Expenses. Management fees adjusted to 5% of EGI. Income tax adjusted out.
Capital Expense: Tenant Improvements / Leasing Commissions and Capital Expenditure adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 83 Of 241

PNA-INFRA-METALS 5208 24TH AVE SOUTH, TAMPA, FL

Credit:

Infra-metals-tampa,fl 128,500.00 100.00 4.18 07/31/2021 Loan Property Balance
P & I (Current) 1,232,417 349,166 14,693,246
Reserves:
Environmental 0 0 0
Total: 1,981,926 561,516
05/12/2009 8:28:40 AM Page 84 Of 241

PNA-INFRA-METALS 1601 BROADWAY STREET, MARSELLIES, IL
Income
Base Rent 2,018,266 13 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 1,615,175 11 0 0 0 0 0 0 0 0 -- (100%)
Debt Service 1,222,265 8 0 0 0 0 0 0 0 0 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.40 / 1.32
Occupancy 100%
Management

Credit:

Infra-Metals-marselles,il 152,000.00 100.00 3.66 07/31/2021 Loan Property Balance
P & I (Current) 1,232,417 361,207 14,693,246
Reserves:
Environmental 0 0 0
Total: 1,981,926 580,879
Base:
05/12/2009 8:28:40 AM Page 85 Of 241

PNA-INFRA-METALS 1900 BESSEMER ROAD, PETERSBURG, VA

Credit:

infra-metals-petersburg,va 149,074.00 100.00 2.83 07/31/2021 Loan Property Balance
P & I (Current) 1,232,417 273,915 14,693,246
Reserves:
Environmental 0 0 0
Total: 1,981,926 440,500
PNA_Infra-Metals 35 Pent Way, Wallingford, CT

Credit:

infra metals wallingford, ct 150,710.00 100.00 2.24 07/31/2021 Loan Property Balance
P & I (Current) 1,232,417 187,928 14,693,246
Reserves:
Environmental 0 0 0
Total: 1,981,926 302,218
LETTER OF CREDIT

Credit:

P & I (Current) 1,232,417 0 14,693,246
Reserves:
Environmental 0 0 0
Total: 1,981,926 0
05/12/2009 8:28:40 AM Page 86 Of 241

LETTER OF CREDIT

Credit:

P & I (Current) 1,232,417 0 14,693,246
Reserves:
Environmental 0 0 0
Total: 1,981,926 0
LETTER OF CREDIT

Credit:

P & I (Current) 1,232,417 1,232,417 14,693,246
Reserves:
Environmental 0 0 0
Total: 1,981,926 1,981,926
575 LEXINGTON AVENUE 575 LEXTINGTON AVENUE, NEW YORK, NY
05/12/2009 8:28:40 AM Page 87 Of 241

Income
Base Rent 35,065,700 55 0 0 21,461,530 34 24,643,700 24,643,700 24,643,700 39 15% (30%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 0 0 5,382,477 8 4,910,818 4,910,818 4,910,818 8 (9%) --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 95,545 0 336,599 336,599 336,599 1 252% --
Expenses
Real Estate Taxes 0 0 0 0 4,598,588 7 4,720,367 4,720,367 4,988,600 8 8% --
Property Insurance 0 0 0 0 656,110 1 1,247,742 1,247,742 1,247,742 2 90% --
Utilities Expense 0 0 0 0 3,474,867 5 4,344,075 4,344,075 4,344,075 7 25% --
Repairs and Maintenance 0 0 0 0 772,384 1 1,283,527 1,283,527 1,283,527 2 66% --
Janitorial 0 0 0 0 1,619,663 3 1,633,132 1,633,132 1,633,132 3 1% --
Management Fees 0 0 0 0 942,884 1 747,278 747,278 1,046,189 2 11% --
Payroll & Benefits 0 0 0 0 1,367,057 2 1,033,529 1,033,529 1,033,529 2 (24%) --
General & Administrative Expenses 13,505,289 21 0 0 213,310 0 692,489 692,489 691,007 1 224% (95%)
Other Expenses 0 0 0 0 0 0 43,825 43,825 43,825 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 21,560,411 34 0 0 12,814,413 20 13,562,588 13,562,588 12,996,926 20 1% (40%)
Leasing Commissions 0 0 0 0 0 0 0 0 953,639 1 -- --
Tenant Improvements 0 0 0 0 953,639 1 0 0 0 0 -- --
Capital Expenditures 1,091,166 2 0 0 137,527 0 0 0 137,527 0 -- (87%)
Total Capital Items 1,091,166 2 0 0 1,091,166 2 0 0 1,091,166 2 -- --
Net Cash Flow 20,469,245 32 0 0 11,723,246 18 13,562,588 13,562,588 11,905,759 19 2% (42%)
Debt Service 18,874,885 30 0 0 18,874,885 30 18,926,597 18,926,597 18,926,597 30 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 1,594,360 3 0 0 (7,151,639) (11) (5,364,009) (5,364,009) (7,020,838) (11) (2%) (540%)
DSCR (A) NOI/NCF 1.14 / 1.08 0.68 / 0.62 0.69 / 0.63
DSCR (A,B) NOI/NCF 1.14 / 1.08 0.68 / 0.62 0.69 / 0.63
DSCR (A,B,C) NOI/NCF 1.14 / 1.08 0.68 / 0.62 0.69 / 0.63

575 LEXINGTON AVENUE ACQUISITION LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Cornell university 86,315.00 13.54 41.07 03/31/2018 Loan Property Balance
Boies schiller & flexner, LLP 65,045.00 10.20 42.25 06/30/2019 P & I (Current) 9,618,435 9,618,435 162,500,000
Palestrini post production 39,620.00 6.21 60.00 06/30/2017 Tax 5,177,570 5,177,570 2,559,753
Reserves:
Replacement 127,536 127,536 335,657
04/20/2009 -
1E - DSCR < 1.10; 1F - DSCR < 1.40 & < or = 75% U/W. Loan is secured by a 637,685 sf office bldg in Tenant Improvements and Leasing 0 0 9,285,345
New York, NY, built 1958/renov 1990; inspected 2/24/09 and rated in Fair condition. Debt consists of a Commissions
$325MM whole loan split btwn a $162.5MM A-1 Note (BACM 2007-1) & a $162.5MM A-2 Note (BACM Tenant Improvements 0 0 0
2007-2), Pari Passu. YE 12/31/2008 NCF DSCR is 0.63x with 89.9% Occ; YE 12/31/2007 NCF DSCR
was 0.62x with 92% Occ. NCF decline is due to lack of loan stabilization as of YE08 & YE07. Stabilized Total: 14,923,541 14,923,541
rents per U/W: Floors 2-9, $62.50 psf; Fls 10-20, $67.50 psf; Fls 21-28, $71 psf; Fls 29-35, $75 psf;
Garage, $35 per space; Street Retail, $125 psf; and Ave Retail, $180 psf. Bwr rep's update on tenants
whose leases expire in the next 12 months: Kodashana will vacate upon 4/30/09 lease expiration; Mid
Town Parking's lease expires 8/31/09; and 575 Lex Garage LLC has signed a 10-year renewal at a rate
of $28.70 psf for the first 3 years. Regent's lease will expire 12/31/09, however, Bwr does not yet have
a renewal proposal out to this tenant. As per the 12/31/08 rent roll, there are 65,328 sf sitting vacant at
the Property, with no prospects. Bwr rep further stated that these vacant spaces are being actively and
aggressively marketed. Asking rates: $70-72 psf for years 1-5; $76-79 psf for years 6-10; per the Bwr
rep, rates are comparable to market and most new leases or proposed renewals have rent steps every
5 years. Bwr's $10MM Guarantee was required to cover future DS shortfalls/mitigate below-mkt rents.
Bank of America will continue to monitor the Loan.
05/12/2009 8:28:40 AM Page 88 Of 241

2008:
Income: The Debt Service consists of a $325MM whole loan split between a $162.5MM A-1 Note (BACM 2007-1), and a $162.5MM A-2 Note ( BACM 2007-2 ) which are Pari Passu. Debt Service includes the
A-1 and A-2 notes." Pari Passu loan # 3226313". Interest only loan.
Expense: +20% variance in Total Operating Expenses is due to increase in Utilities / Repairs & Maintenance and General & Administrative Expenses and have also contributed in a low DSCR. Utilities
Expenses as per YE08 is $4344075 when compared with YE07 was $3474867. Repairs & Maintenance as per YE08 is $1283527 when compared with YE07 was $772384. General & Administrative
expenses as per YE07 is $691007 when compared with YE07 was $213310. Real Estate Taxes adjusted per Servicer Record. Property Insurance represents Borrower Actuals. Management Fee
adjusted to 3.5% of EGI per Underwriting. Contributions adjusted out.
DSCR: YE08 NCF DSCR is 0.63x with 89.86% occupancy
2007:
Income: Interest only loan. Fixed Rate. " The Debt Service consists of a $325MM whole loan split between a $162.5MM A-1 Note (BACM 2007-1), and a $162.5MM A-2 Note ( BACM 2007-2 ) which are Pari
Passu. Debt Service includes the A-1 and A-2 notes." Pari Passu loan # 3226313. Very high Lease Cancellation Fee adjusted out.
Expense: Real Estate Taxes adjusted per servicer record. Property Insurance adjusted per UW. Management Fee adjusted to 3.5% of EGI per UW.
Capital Expense: Tenant Improvements / Leasing Commission & Capital Expenditure adjusted per UW.
DSCR: Debt Service adjusted per Servicer record. The NCF decline is due to loan is not stabilized as of Q3-07. According to the U/W RR current rents are below mkt. Stabilized rents per U/W are: Floors 2-9
are $62.50 psf; Floors 10-20 are $67.50 psf; Floors 21-28 are $71.00 psf; Floors 29-35 are $75.00 psf; Garage is $35.00 per parking space; Street Retail is $125.00 psf; & Avenue Retail is $180.00
psf. The 11/07 RR indicates current rents for all floors are approx. $20 - $30 below stabilized U/W rents. Low DSCR due to high Repairs & Maintenance, Utilities, Janitorial and Advertising &
Marketing expenses.
Base:
QUALITY SUITES MAINGATE 5876 WEST IRIO BRONSON MEMORIAL HIGHWAY, KISSIMMEE, FL
EAST
Hotel/Motel 2/28/2007 - 12 mos 12/31/2006 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Room Revenue 8,538,233 37,948 8,016,679 35,630 8,346,723 37,097 9,187,055 9,187,055 9,187,055 40,831 10% 8%
Food & Beverage Revenue 0 0 174,061 774 190,554 847 175,475 175,475 175,475 780 (8%) --
Telephone Revenue 0 0 18,105 80 14,384 64 11,003 11,003 11,003 49 (24%) --
Other Departmental Revenue 0 0 203,206 903 0 0 373,740 373,740 373,740 1,661 -- --
Other Income 0 0 149,858 666 359,448 1,598 0 0 0 0 -- --
Departmental Revenue 8,538,233 37,948 8,561,909 38,053 8,911,109 39,605 9,747,273 9,747,273 9,747,273 43,321 9% 14%
Expenses
Departmental
Room Expenses (Departmental) 0 0 2,841,895 12,631 3,173,860 14,106 4,142,119 4,142,119 4,142,119 18,409 31% --
Food & Beverage Expense 0 0 126,454 562 109,223 485 103,902 103,902 103,902 462 (5%) --
(Departmental)
Telephone (Departmental) 0 0 16,206 72 15,222 68 15,614 15,614 15,614 69 3% --
Other Departmental Expense 0 0 30,373 135 65,406 291 66,695 66,695 66,695 296 2% --
Departmental Expenses 0 0 3,014,928 13,400 3,363,711 14,950 4,328,330 4,328,330 4,328,330 19,237 29% --
Departmental Income 8,538,233 37,948 5,546,981 24,653 5,547,398 24,655 5,418,943 5,418,943 5,418,943 24,084 (2%) (37%)
General/Unallocated
Real Estate Taxes 0 0 256,572 1,140 247,480 1,100 253,822 253,822 272,104 1,209 10% --
Utilities Expense 0 0 474,087 2,107 405,722 1,803 428,419 428,419 428,419 1,904 6% --
Repairs and Maintenance 0 0 470,794 2,092 573,675 2,550 572,574 572,574 538,419 2,393 (6%) --
Franchise Fees 0 0 478,143 2,125 491,638 2,185 502,277 502,277 502,277 2,232 2% --
Management Fees 0 0 257,024 1,142 267,333 1,188 305,348 305,348 305,348 1,357 14% --
Advertising & Marketing 0 0 415,367 1,846 513,545 2,282 541,789 541,789 541,789 2,408 6% --
General & Administrative Expenses 6,024,552 26,776 555,241 2,468 615,927 2,737 776,244 776,244 776,244 3,450 26% (87%)
Other Expenses 0 0 27,087 120 0 0 9,794 9,794 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total General/Unallocated 6,024,552 26,776 3,039,286 13,508 3,213,853 14,284 3,501,569 3,501,569 3,466,525 15,407 8% (42%)
Net Operating Income 2,513,681 11,172 2,507,695 11,145 2,333,545 10,371 1,917,374 1,917,374 1,952,418 8,677 (16%) (22%)
Capital Expenditures 341,529 1,518 341,529 1,518 341,529 1,518 0 0 341,529 1,518 -- --
Total Capital Items 341,529 1,518 341,529 1,518 341,529 1,518 0 0 341,529 1,518 -- --
Net Cash Flow 2,172,152 9,654 2,166,166 9,627 1,992,016 8,853 1,917,374 1,917,374 1,610,889 7,160 (19%) (26%)
Debt Service 1,567,912 6,968 1,567,912 6,968 1,567,912 6,968 1,567,912 1,567,912 1,567,912 6,968 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 604,240 2,686 598,255 2,659 424,104 1,885 349,462 349,462 42,977 191 (90%) (93%)
DSCR (A) NOI/NCF 1.60 / 1.39 1.60 / 1.38 1.49 / 1.27 1.25 / 1.03
DSCR (A,B) NOI/NCF 1.60 / 1.39 1.60 / 1.38 1.49 / 1.27 1.25 / 1.03
DSCR (A,B,C) NOI/NCF 1.60 / 1.39 1.60 / 1.38 1.49 / 1.27 1.25 / 1.03
Occupancy 90% 88% 86% 83%
05/12/2009 8:28:40 AM Page 89 Of 241

TIBURON SUITES LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 1,567,912 1,567,912 21,235,287
Status: CMSA Watchlist Tax 286,596 286,596 177,842
04/09/2009 - 1E - DSCR < 1.20 healthcare/lodging. Loan is secured by a 225-room full-service hotel in
Insurance 91,413 91,413 19,589
Kissimmee, FL, built in 1989 and most recently renovated in 2007. The 3/8/2008 inspection rated the
Property in Good condition. YE 12/31/2008 NCF DSCR is 1.03x with 82.62% Occupancy, $110.09 Reserves:
ADR, and $90.96 RevPAR as of 12/31/2008. The Loan was U/W at 1.39x with 89.8% Occ. Formerly a Debt Service 0 0 275,716
Royale Parc Suites, the property took on the Quality Suites brand under the Choice Hotels International
flag in 2004. The Borrower purchased the Property with the goal of a major renovation, which was Replacement 62,049 62,049 41,722
completed in 2007, substantially upgrading the hotel's appearance, amenities and services. The Miscellaneous 0 0 0
Property has a New Orleans French Quarter theme and serves the tourism industry of
Kissimmee/Orlando. Due to the economic slump, tourist traffic declined in 2008, resulting in the Miscellaneous 0 0 55,969
decreased Occ and revenues, which lowered the DSCR. Generally, the demand for lodging in the Total: 2,007,970 2,007,970
Orlando market is strongest from mid-Feb to Aug, and during the last two weeks of Dec; a slight Occ
decline is usually experienced in May. Bank of America has requested a performance update from the
Borrower and will continue to monitor the Loan.
2008:
Expense: +37% Variance in Total operating expenses is due to increase in Room expenses. Real Estate Taxes represents borrowers actual. Property Insurance adjusted per year end 2007 figures.
Management Fees represents borrowers actual @ 3.13265% of Departmental Revenue. Bad Debt / Renovation / Remodeling adjusted out.
DSCR: Low DSCR due to increase in operating expenses.
2007: Done By Farheen
Expense: Real Estate Taxes / Property Insurance adjusted per servicer record. Management Fees adjusted to 3% of Departmental Revenue per Underwriting. Badedbts adjusted out.
2006:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrower actuals. Management Fees represents borrower actuals @3% of Departmental Revenue per UW. Bad
Debt / Sale Proceeds / Owner's Expense / Renovation & Remodeling expenses adjusted out.
Base:
UNIVERSITY COMMONS- 845 RED MILE ROAD, LEXINGTON, KY
LEXINGTON
05/12/2009 8:28:40 AM Page 90 Of 241

Income
Gross Potential Rent 0 0 0 0 0 0 3,284,835 3,284,835 3,284,835 18,249 -- --
Vacancy/Collection Loss 0 0 0 0 0 0 (826,641) (826,641) (826,641) (4,592) -- --
Base Rent 2,764,076 15,356 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 91,870 91,870 91,870 510 -- --
Effective Gross Income 2,764,076 15,356 0 0 0 0 2,550,064 2,550,064 2,550,064 14,167 -- (8%)
Expenses
Real Estate Taxes 0 0 0 0 0 0 163,700 163,700 226,796 1,260 -- --
Utilities Expense 0 0 0 0 0 0 296,000 296,000 296,000 1,644 -- --
Repairs and Maintenance 0 0 0 0 0 0 188,565 188,565 188,565 1,048 -- --
Management Fees 0 0 0 0 0 0 94,368 94,368 102,003 567 -- --
Payroll & Benefits 0 0 0 0 0 0 232,047 232,047 232,047 1,289 -- --
General & Administrative Expenses 1,224,425 6,802 0 0 0 0 328,342 328,342 328,342 1,824 -- (73%)
Other Expenses 0 0 0 0 0 0 74,269 74,269 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 1,224,425 6,802 0 0 0 0 1,490,259 1,490,259 1,486,720 8,260 -- 21%
Net Operating Income 1,539,651 8,554 0 0 0 0 1,059,805 1,059,805 1,063,344 5,907 -- (31%)
Net Cash Flow 1,461,036 8,117 0 0 0 0 1,059,805 1,059,805 984,729 5,471 -- (33%)
Debt Service 998,332 5,546 0 0 0 0 998,332 998,332 998,332 5,546 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 462,704 2,571 0 0 0 0 61,473 61,473 (13,603) (76) -- (103%)
DSCR (A) NOI/NCF 1.54 / 1.46 1.07 / 0.99
DSCR (A,B) NOI/NCF 1.54 / 1.46 1.07 / 0.99
DSCR (A,B,C) NOI/NCF 1.54 / 1.46 1.07 / 0.99
Occupancy 85% 64%
Management 4.0%

COURTYARDS UK, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 1,017,478 1,017,478 16,875,000
01/09/2009 - 1E - DSCR <1.10; 1F - DSCR < 1.40 & < or = 75% U/W; and previously 4A - Occupancy <
80% U/W. Loan is secured by a 677-unit (bed) multi-family housing property in Lexington, KY, built in Reserves:
1996. Loan was Assumed on 7/16/2008. The 3/27/2008 inspection rated the Property in Good Replacement 0 0 0
condition. The property is primarily, but not exclusively, used for student housing for the University of Excess Rent 0 0 0
Kentucky. YE 12/31/2007 NCF DSCR was 0.99x with 64% Occupancy. The Loan was U/W at 1.46x
with 85.4% Occ. Bank of America recently received Borrower-reported 3Q 2008 financials, which are Total: 1,183,796 1,183,796
under review. Occupancy has increased to 72.5% as of 10/2/2008, which is 15.1% below U/W. The
Assumptor's rent rolls are based on bed-count rather than the previous 182-unit count. Loan has cured
for CMSA code 4A only at this time. DSCR decline is attributed to Occupancy decline and increased
Vacancy/Collection Loss. Bank of America will continue to monitor this loan.
2007: Transferred to Special Servicer on 2/28/2008 - Farheen 6/6/2008.
Analysis done as per the request. Soumya

Income: Interest Only Loan
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents Borrower actual. Management Fees adjusted to 4% of EGI per UW. Bad Debt Expenses / Bad Debt Allowance
adjustement / Bad Debt Recovery adjusted out.
DSCR: Debt Service adjusted per Servicer Record. Low DSCR is due to low occupancy at 64.05% due to which rental income has declined.
Base:
05/12/2009 8:28:40 AM Page 91 Of 241

LETTER OF CREDIT

COURTYARDS UK, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 1,017,478 1,017,478 16,875,000
01/09/2009 - 1E - DSCR <1.10; 1F - DSCR < 1.40 & < or = 75% U/W; and previously 4A - Occupancy <
80% U/W. Loan is secured by a 677-unit (bed) multi-family housing property in Lexington, KY, built in Reserves:
1996. Loan was Assumed on 7/16/2008. The 3/27/2008 inspection rated the Property in Good Replacement 0 0 0
condition. The property is primarily, but not exclusively, used for student housing for the University of Excess Rent 0 0 0
Kentucky. YE 12/31/2007 NCF DSCR was 0.99x with 64% Occupancy. The Loan was U/W at 1.46x
with 85.4% Occ. Bank of America recently received Borrower-reported 3Q 2008 financials, which are Total: 1,183,796 1,183,796
under review. Occupancy has increased to 72.5% as of 10/2/2008, which is 15.1% below U/W. The
Assumptor's rent rolls are based on bed-count rather than the previous 182-unit count. Loan has cured
for CMSA code 4A only at this time. DSCR decline is attributed to Occupancy decline and increased
Vacancy/Collection Loss. Bank of America will continue to monitor this loan.
05/12/2009 8:28:40 AM Page 92 Of 241

NORTHERN CROSSING 5790 NORTHERN AVENUE, GLENDALE, AZ
Income
Base Rent 1,305,923 19 0 0 919,734 13 933,180 933,180 933,180 13 1% (29%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 37 0 0 0 0 0 -- --
Management Fees 0 0 0 0 38,146 1 0 0 42,725 1 12% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Tenant Improvements 27,131 0 0 0 27,134 0 0 0 27,135 0 0% 0%
Total Capital Items 37,690 1 0 0 37,693 1 0 0 37,694 1 0% 0%
Net Cash Flow 872,224 12 0 0 755,205 11 938,861 938,861 858,941 12 14% (2%)
Debt Service 592,719 8 0 0 592,719 8 594,343 594,343 594,343 8 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.54 / 1.47 1.34 / 1.27 1.51 / 1.45
DSCR (A,B) NOI/NCF 1.54 / 1.47 1.34 / 1.27 1.51 / 1.45
DSCR (A,B,C) NOI/NCF 1.54 / 1.47 1.34 / 1.27 1.51 / 1.45
Occupancy 100% 100% 100%

NORTHERN CROSSING LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Ross Store 30,187.00 42.88 9.95 01/31/2017 Loan Property Balance
Petsmart, Inc. 19,984.00 28.39 12.50 08/31/2020 P & I (Current) 604,087 604,087 10,000,000
The Clothing Co. 5,626.00 7.99 17.50 11/30/2010
Reserves:
Tenant Improvements and Leasing 0 0 0
Status: Performing Commissions
Commissions
Total: 604,087 604,087
2008:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrowers actual. Management Fee adjusted to 3.25% of EGI per UW.
2007: Done By Farheen 2/5/08
Expense: Real estate taxes adjusted per servicer record. Property Insurance adjusted per UW. Management Fees adjusted to 3.25 % of EGI per UW.
Base:
05/12/2009 8:28:40 AM Page 93 Of 241

CAUSEWAY PLAZA 3230, 3300, 3330 W ESPLANADE AVE &, METAIRIE, LA
Income
Base Rent 5,928,140 18 0 0 5,824,993 17 5,819,324 5,819,324 5,819,324 17 0% (2%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 91,560 0 109,409 109,409 109,409 0 19% --
Other Income 0 0 0 0 12,520 0 97,794 97,794 97,794 0 681% --
Effective Gross Income 5,928,140 18 0 0 6,511,647 19 6,389,416 6,389,416 6,389,416 19 (2%) 8%
Expenses
Janitorial 0 0 0 0 326,117 1 321,855 321,855 321,855 1 (1%) --
Management Fees 0 0 0 0 260,466 1 124,021 124,021 255,577 1 (2%) --
Advertising & Marketing 0 0 0 0 151 0 6,391 6,391 6,391 0 4132% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 3,077,794 9 0 0 3,539,392 11 3,366,966 3,366,966 3,235,410 10 (9%) 5%
Leasing Commissions 0 0 0 0 3,763 0 6,129 6,129 0 0 (100%) --
Tenant Improvements 485,165 1 0 0 481,402 1 0 0 485,165 1 1% --
Net Cash Flow 2,525,332 8 0 0 2,986,930 9 3,360,837 3,360,837 2,682,948 8 (10%) 6%
Debt Service 2,104,294 6 0 0 1,753,521 5 1,784,754 1,784,754 1,784,754 5 2% (15%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 421,038 1 0 0 1,233,409 4 1,576,083 1,576,083 898,195 3 (27%) 113%
DSCR (A) NOI/NCF 1.46 / 1.20 2.02 / 1.70 1.81 / 1.50
DSCR (A,B) NOI/NCF 1.46 / 1.20 2.02 / 1.70 1.81 / 1.50
DSCR (A,B,C) NOI/NCF 1.46 / 1.20 2.02 / 1.70 1.81 / 1.50

WEST ESPLANADE CAUSEWAY ASSOCIATES LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

BELL SOUTH BUSINESS SYSTEMS 45,339.00 13.47 20.68 03/31/2011 Loan Property Balance
JACOBS ENGINEERING GROUP INC 39,503.00 11.74 19.50 11/30/2017 P & I (Current) 2,104,294 2,104,294 29,847,223
DEPT OF SOCIAL SERVICE DDC 36,768.00 10.93 17.00 01/12/2013 Tax 391,985 391,985 251,438
Reserves:
Status: Performing
Replacement 100,945 100,945 8,451
Commissions
Total: 2,597,224 2,597,224
2008:
Income: Interest only Loan till 11/30/2008
Expense: Real Estate Taxes / Property Insurance represents Borrowers actual. Management fees adjusted to 4% of EGI per UW.
Capital Expense: Capital Expenditures / Tenant Improvements & Leasing Commission adjusted per UW.
DSCR: Debt Service adjusted per Servicer Record. The Amortizing Debt Service for the whole Year is 1.27x
2007:
Expense: Real Estate Taxes represents borrowers actuals. Property Insurance adjusted per UW. Management Fees adjusted to 4% of EGI per UW.
Capital Expense: Capital Expenditure and Tenant Improvements / Leasing Commission adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 94 Of 241

LETTER OF CREDIT

WEST ESPLANADE CAUSEWAY ASSOCIATES LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 2,104,294 0 29,847,223
Reserves:
Replacement 100,945 0 8,451
Commissions
Total: 2,597,224 0
BEST WESTERN 1121 NEW HAMPSHIRE AVENUE NW, WASHINGTON, DC
GEORGETOWN
Hotel/Motel 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
05/12/2009 8:28:40 AM Page 95 Of 241

Income
Room Revenue 3,314,472 0 0 0 3,229,356 0 3,095,477 3,095,477 3,095,477 0 (4%) (7%)
Telephone Revenue 0 0 0 0 4,146 0 6,123 6,123 6,123 0 48% --
Other Income 0 0 0 0 63,059 0 72,861 72,861 72,861 0 16% --
Expenses
Departmental
Room Expenses (Departmental) 0 0 0 0 195,553 0 176,742 176,742 176,742 0 (10%) --
(Departmental)
Telephone (Departmental) 0 0 0 0 0 0 0 0 0 0 -- --
Other Departmental Expense 0 0 0 0 5,598 0 0 0 0 0 (100%) --
Departmental Expenses 0 0 0 0 201,151 0 176,742 176,742 176,742 0 (12%) --
Departmental Income 3,314,472 0 0 0 3,095,410 0 2,997,719 2,997,719 2,997,719 0 (3%) (10%)
General/Unallocated
Franchise Fees 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 131,862 0 0 0 126,978 0 (4%) --
Other Expenses 0 0 0 0 92,863 0 0 0 0 0 (100%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total General/Unallocated 1,798,405 0 0 0 2,131,441 0 2,416,620 2,416,620 2,092,760 0 (2%) 16%
Net Operating Income 1,516,067 0 0 0 963,969 0 581,099 581,099 904,959 0 (6%) (40%)
Net Cash Flow 1,441,491 0 0 0 889,393 0 581,099 581,099 830,383 0 (7%) (42%)
Debt Service 1,086,045 0 0 0 1,086,045 0 1,086,045 1,086,045 1,086,045 0 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 355,446 0 0 0 (196,652) 0 (504,946) (504,946) (255,662) 0 30% (172%)
DSCR (A) NOI/NCF 1.40 / 1.33 0.89 / 0.82 0.83 / 0.76
DSCR (A,B) NOI/NCF 1.40 / 1.33 0.89 / 0.82 0.83 / 0.76
DSCR (A,B,C) NOI/NCF 1.40 / 1.33 0.89 / 0.82 0.83 / 0.76

GEORGETOWN SUITES, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 1,086,045 1,086,045 13,537,011
01/09/2009 - 1E - DSCR < 1.10; 6A - Other (Delinquent Financials). Loan is secured by a 76-unit hotel
in Washington, D.C., built in 1925 and first renovated in 1985. The 3/28/2008 inspection rated the Reserves:
Property in Excellent condition, and also noted that interior renovations were performed in 2007. YE Replacement 0 0 100,863
12/31/2007 NCF DSCR is .082x with 70.5% Occupancy. DSCR decline appears to be a result of an Repair 0 0 0
18.5% increase in Operating Expenses, primarily P&B and feasibly GA. Bank of America has requested
Borrower's clarification regarding the nature of these increased expenses, but has not received a Total: 1,359,692 1,359,692
response. As of 1/9/2009, the Borrower remains delinquent with all 2008 Quarterly reporting. CMSA
code 6A has been added for this reason. Bank of America maintains efforts to collect, and will continue
to monitor the loan.
2008:
Expense: Real Estate Taxes adjusted per Servicer record. Property Insurance represents Borrowers actuals. Management Fees adjusted to 4% of Departmental revenue per UW. Guest Refunds adjusted out.
DSCR: Low DSCR is due to Low Room Revenue combined with increase in Repairs and Maintenance from YE07 $240009.8 to YE08 $303233.13.
2007:
Expense: Real Estate Taxes adjusted per Servicer record. Property Insurance represents Borrowers actuals. Management Fees adjusted to 4% of Depart mental revenue per UW. Guest Refunds adjusted out.
DSCR: Low DSCR is due to high payroll & General and Administration expenses.
Base:
05/12/2009 8:28:40 AM Page 96 Of 241
ORCHARD RIDGE 281 & 301 FIELDS LANE, BREWSTER, NY
CORPORATE PARK
Income
Base Rent 2,110,369 13 1,659,822 11 2,296,047 15 2,265,126 2,265,126 2,265,126 14 (1%) 7%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 47,924 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 1,332,454 8 0 0 0 0 0 0 -- --
Effective Gross Income 2,110,369 13 3,040,200 19 2,296,047 15 2,265,126 2,265,126 2,265,126 14 (1%) 7%
Expenses
Janitorial 0 0 28,749 0 17,645 0 14,643 14,643 14,643 0 (17%) --
Management Fees 0 0 163,563 1 123,527 1 108,000 108,000 121,864 1 (1%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 1,472,130 9 2,048,697 13 1,322,591 8 1,458,526 1,458,526 1,446,978 9 9% (2%)
Leasing Commissions 0 0 107,446 1 107,446 1 45,349 45,349 0 0 (100%) --
Tenant Improvements 107,446 1 0 0 0 0 0 0 107,446 1 -- --
Total Capital Items 130,988 1 130,988 1 130,988 1 45,349 45,349 130,988 1 -- --
Net Cash Flow 1,341,142 9 1,917,709 12 1,191,603 8 1,413,177 1,413,177 1,315,990 8 10% (2%)
Debt Service 1,044,449 7 883,700 6 883,700 6 886,122 886,122 886,122 6 0% (15%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 296,693 2 1,034,008 7 307,903 2 527,055 527,055 429,868 3 40% 45%
DSCR (A) NOI/NCF 1.41 / 1.28 2.32 / 2.17 1.50 / 1.35 1.63 / 1.49
DSCR (A,B) NOI/NCF 1.41 / 1.28 2.32 / 2.17 1.50 / 1.35 1.63 / 1.49
DSCR (A,B,C) NOI/NCF 1.41 / 1.28 2.32 / 2.17 1.50 / 1.35 1.63 / 1.49
Occupancy 100% 100% 99% 99%

ORCHARD RIDGE ASSOCIATES LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Akzo Nobel 66,619.00 42.45 15.67 10/14/2021 Loan Property Balance
Casafina 27,564.00 17.56 9.97 12/31/2010 P & I (Current) 900,648 900,648 14,500,000
Micro-Macinazione USA Inc 14,865.00 9.47 16.50 Tax 335,585 335,585 230,092
Insurance 35,696 35,696 20,395
Status: Performing
Reserves:
Replacement 25,112 25,112 60,948
Tenant Improvements 0 0 0
Miscellaneous 0 0 0
Miscellaneous 0 0 0
Leasing 0 0 0
Total: 1,297,041 1,297,041
05/12/2009 8:28:40 AM Page 97 Of 241

2008:
Expense: Real Estate Taxes and Property Insurance adjusted per Servicer record. Management Fee adjusted to 5.38% of EGI per Underwriting.
2007:
Income: -35% & -38% variance in NOI / NCF DSCR respectively and -24% variance in Effective Gross Income is due to decrease in Other Income. (In YE 06 it was $1,332,454.05 and in YE 07 Other Income
is not reported). Interest only loan.
Expense: Real Estate Taxes / Property Insurance adjusted per servicer record. Management Fees adjusted to 5.38% of EGI per UW.
Capital Expense: Capital Expenditures / Tenant Improvements & Leasing Commissions adjusted per UW.
Base:
2006:
Income: New loan. Interest only loan.
Expense: Real estate taxes / Property Insurance adjusted per UW. Management fee adjusted to 5.38% of EGI per UW.
Capital Expense: Capital expenditure / Tenant improvements & Leasing commission adjusted per UW.
DSCR: Debt service adjusted per servicer record.
APPLETON SQUARE 171 EAST STREET, METHUEN, MA
Income
Base Rent 1,775,446 12,682 1,784,856 12,749 1,781,303 12,724 1,815,987 1,815,987 1,815,987 12,971 2% 2%
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Management Fees 0 0 89,243 637 89,065 636 271,139 271,139 90,799 649 2% --
Payroll & Benefits 0 0 291,913 2,085 228,581 1,633 201,375 201,375 201,375 1,438 (12%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 681,411 4,867 805,591 5,754 749,497 5,354 861,635 861,635 705,858 5,042 (6%) 4%
Net Operating Income 1,094,035 7,815 979,265 6,995 1,031,806 7,370 954,352 954,352 1,110,129 7,929 8% 1%
Capital Expenditures 45,920 328 45,920 328 45,920 328 90,531 90,531 45,920 328 -- --
Net Cash Flow 1,048,115 7,487 933,345 6,667 985,886 7,042 863,821 863,821 1,064,209 7,601 8% 2%
Debt Service 667,519 4,768 667,520 4,768 667,519 4,768 669,348 669,348 669,348 4,781 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 380,596 2,719 265,826 1,899 318,367 2,274 194,473 194,473 394,861 2,820 24% 4%
DSCR (A) NOI/NCF 1.64 / 1.57 1.47 / 1.40 1.55 / 1.48 1.66 / 1.59
DSCR (A,B) NOI/NCF 1.64 / 1.57 1.47 / 1.40 1.55 / 1.48 1.66 / 1.59
DSCR (A,B,C) NOI/NCF 1.64 / 1.57 1.47 / 1.40 1.55 / 1.48 1.66 / 1.59
Occupancy 99% 96% 100% 100%

APPLETON SQUARE, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:
05/12/2009 8:28:40 AM Page 98 Of 241

P & I (Current) 680,321 680,321 11,500,000
Insurance 65,560 65,560 87,485
Reserves:
Replacement 45,920 45,920 11,862
Miscellaneous 0 0 0
Total: 916,944 916,944
2008:
Expense: Real Estate taxes / Property Insurance adjusted per Servicer Record. Management fees adjusted to 5% of EGI per UW.
DSCR: Debt service adjusted per Servicer record.
2007:
Expense: Real Estate taxes represents Borrowers Actuals. Property Insurance adjusted per Servicer Record. Management fees adjusted to 5% of EGI per UW.
2006:
Income: New Loan. Interest only Loan.
Expense: Real Estate Taxes represents borrowers actuals. Property Insurance adjusted per servicer record. Management Fee adjusted to 5% of EGI per UW.
Base:
HOTEL SOLAMAR 435 6TH AVENUE, SAN DIEGO, CA
Hotel/Motel 2/28/2007 - 12 mos 12/31/2006 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
05/12/2009 8:28:40 AM Page 99 Of 241

Income
Room Revenue 21,439,041 91,230 11,041,316 46,984 14,853,342 63,206 14,435,171 14,435,171 14,435,171 61,426 (3%) (33%)
Food & Beverage Revenue 0 0 5,074,048 21,592 6,215,474 26,449 5,877,203 5,877,203 5,877,203 25,009 (5%) --
Telephone Revenue 0 0 37,228 158 40,871 174 32,291 32,291 32,291 137 (21%) --
Other Departmental Revenue 0 0 1,793,310 7,631 1,075,373 4,576 331,294 331,294 331,294 1,410 (69%) --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Departmental Revenue 21,439,041 91,230 17,945,902 76,366 22,185,060 94,405 20,675,959 20,675,959 20,675,959 87,983 (7%) (4%)
Expenses
Departmental
Room Expenses (Departmental) 0 0 2,436,006 10,366 3,484,230 14,827 3,241,623 3,241,623 3,241,623 13,794 (7%) --
Food & Beverage Expense 0 0 3,192,152 13,584 4,217,082 17,945 4,050,374 4,050,374 4,050,374 17,236 (4%) --
(Departmental)
Telephone (Departmental) 0 0 62,438 266 61,305 261 64,215 64,215 64,215 273 5% --
Other Departmental Expense 0 0 1,126,250 4,793 494,655 2,105 271,118 271,118 271,118 1,154 (45%) --
Departmental Expenses 0 0 6,816,846 29,008 8,257,272 35,137 7,627,330 7,627,330 7,627,330 32,457 (8%) --
Departmental Income 21,439,041 91,230 11,129,056 47,358 13,927,788 59,267 13,048,629 13,048,629 13,048,629 55,526 (6%) (39%)
General/Unallocated
Real Estate Taxes 0 0 991,000 4,217 759,970 3,234 0 0 962,861 4,097 27% --
Utilities Expense 0 0 468,992 1,996 578,685 2,462 565,068 565,068 565,068 2,405 (2%) --
Repairs and Maintenance 0 0 442,320 1,882 460,298 1,959 408,447 408,447 408,447 1,738 (11%) --
Franchise Fees 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 538,377 2,291 785,737 3,344 620,424 620,424 620,424 2,640 (21%) --
Advertising & Marketing 0 0 924,778 3,935 1,096,552 4,666 1,091,144 1,091,144 1,091,144 4,643 0% --
General & Administrative Expenses 14,150,279 60,214 1,469,570 6,253 2,088,615 8,888 2,116,832 2,116,832 2,116,832 9,008 1% (85%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 387,831 1,650 0 0 0 0 0 0 0 0 -- --
Total General/Unallocated 14,538,110 61,864 5,062,131 21,541 5,996,951 25,519 4,848,664 4,848,664 5,811,525 24,730 (3%) (60%)
Net Operating Income 6,900,931 29,366 6,066,925 25,817 7,930,837 33,748 8,199,965 8,199,965 7,237,104 30,796 (9%) 5%
Capital Expenditures 643,171 2,737 643,171 2,737 643,171 2,737 0 0 643,171 2,737 -- --
Total Capital Items 643,171 2,737 643,171 2,737 643,171 2,737 0 0 643,171 2,737 -- --
Net Cash Flow 6,257,760 26,629 5,423,754 23,080 7,287,666 31,011 8,199,965 8,199,965 6,593,933 28,059 (10%) 5%
Debt Service 4,144,212 17,635 3,386,759 14,412 3,386,759 14,412 3,396,038 3,396,038 3,396,038 14,451 0% (18%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 2,113,548 8,994 2,036,995 8,668 3,900,907 16,600 4,803,927 4,803,927 3,197,895 13,608 (18%) 51%
DSCR (A) NOI/NCF 1.67 / 1.51 1.79 / 1.60 2.34 / 2.15 2.13 / 1.94
DSCR (A,B) NOI/NCF 1.67 / 1.51 1.79 / 1.60 2.34 / 2.15 2.13 / 1.94
DSCR (A,B,C) NOI/NCF 1.67 / 1.51 1.79 / 1.60 2.34 / 2.15 2.13 / 1.94
Occupancy 74% 72% 80% 83%

SOULDRIVER LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 3,451,710 3,451,710 60,900,000
Status: Performing Tax 1,004,926 1,004,926 197,854
Reserves:
FF&E 0 0 0
Total: 4,456,637 4,456,637
05/12/2009 8:28:40 AM Page 100 Of 241

2008:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrowers actual. Management Fees represents borrowers actual @ 3.0007024% of Departmental Revenue.
Capital Expense: Capital Expenditures adjusted per UW.
DSCR: Debt Service adjusted per Servicer Record. In YE 08 NCF DSCR is 1.94x with occupancy of 82.72%. In YE 07 NCF DSCR is 2.15 with occupancy of 80.10%.
2007:
Expense: +20% variance in Total Departmental expenses is due to increase in Food & Beverage / Room Expenses. Real Estate Taxes adjusted per Servicer Record. Property Insurance adjusted per UW.
Management Fees represents Borrowers actuals @3.541739% of EGI.
DSCR: +31% & +34% variance in NOI / NCF respectively and +24% Variance in Departmental Revenue is due to increase in Room / Food & Beverage Revenue.Debt Service adjusted per Servicer Record.
Base:
2006: Room Revenue as per the Borrower reported financials is $5,520,658 and as per the UW it is $13,620,041. It seems to be financials of some other property owned by the same borrower has been
imaged. Please check. - Suneel Konjeti - 2/2/2007. Wrong financials imaged. Kandalam Deepa. 2/2/2007.
Correct stmnts available, incorrect were removed. Loan orignated 11/15/06, so no previous stmnts available rlb 2/8/2007
Loan origination on 11/15/2006. Borrower reported 6 months figure hence normalized to 12 months. Loan of 60MM but loan agreement is not available to find TTM condition. Raghunath Goud.
5/30/2007
Income: New Loan. Loan origination on 11/15/2006. Borrower reported 6 months figure hence normalized to 12 months.
Expense: Real Estate Taxes / Property Insurance adjusted per UW. Management Fees adjusted to 3% of EGI per UW.
05/12/2009 8:28:40 AM Page 101 Of 241

CAE INC 29 SOUTH JEFFERSON ROAD, WHIPPANY, NJ
Income
Base Rent 1,725,664 23 0 0 1,461,041 19 2,264,774 2,264,774 2,264,774 30 55% 31%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 29,688 0 0 0 45,517 1 53% --
General & Administrative Expenses 34,513 0 0 0 5,063 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Capital Expenditures 7,569 0 0 0 3,785 0 0 0 7,569 0 100% --
Net Cash Flow 1,642,166 21 0 0 1,401,346 18 2,256,571 2,256,571 2,162,069 28 54% 32%
Debt Service 1,343,833 18 0 0 671,917 9 1,343,833 1,343,833 1,343,833 18 100% --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.26 / 1.22 2.12 / 2.09 1.65 / 1.61
DSCR (A,B) NOI/NCF 1.26 / 1.22 2.12 / 2.09 1.65 / 1.61
DSCR (A,B,C) NOI/NCF 1.26 / 1.22 2.12 / 2.09 1.65 / 1.61
Occupancy 100% 100% 100%

LSAC MORRIS COUNTY LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

CAE Simuflite Inc 76,383.00 100.00 2.50 11/30/2021 Loan Property Balance
P & I (Current) 1,343,833 1,343,833 16,210,252
Status: Performing
Total: 1,343,833 1,343,833
2008:
Expense: Tenant is responsible for all Operating Expenses. Management fee adjusted to 2% of EGI per UW.
Capital Expense: Capital Expenditure, Tenant Improvements and Leasing commission adjusted per UW.
2007:
Income: New Loan. NNN Lease. Single Tenant. Loan originated on 11/15/2006.
Expense: Tenant is responsible for all Operating Expenses. Management Fees adjusted to 2% of EGI per Underwriting.
Capital Expense: Capital Expenditure and Tenant Improvements / Leasing Commission adjusted per Underwriting.
Base:
1412 BROADWAY 1412 BROADWAY, NEW YORK, NY
05/12/2009 8:28:40 AM Page 102 Of 241

Income
Gross Potential Rent 14,106,365 35 0 0 12,733,829 32 12,488,021 12,488,021 12,488,021 31 (2%) (11%)
Vacancy/Collection Loss (1,797,437) (5) 0 0 (450,617) (1) (871,012) (871,012) (871,012) (2) 93% (52%)
Base Rent 0 0 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 2,828,013 7 0 0 1,438,975 4 1,606,588 1,606,588 1,606,588 4 12% (43%)
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 110,046 0 0 0 725,275 2 894,918 894,918 894,918 2 23% 713%
Expenses
Real Estate Taxes 3,343,831 8 0 0 3,233,759 8 3,243,320 3,243,320 3,484,750 9 8% 4%
Property Insurance 199,761 1 0 0 199,761 1 127,726 127,726 127,726 0 (36%) (36%)
Utilities Expense 1,556,933 4 0 0 1,811,834 5 1,747,244 1,747,244 1,747,244 4 (4%) 12%
Repairs and Maintenance 365,779 1 0 0 587,162 1 919,226 919,226 919,226 2 57% 151%
Janitorial 874,468 2 0 0 114,838 0 130,308 130,308 130,308 0 13% (85%)
Management Fees 457,410 1 0 0 433,424 1 139,756 139,756 423,555 1 (2%) (7%)
Payroll & Benefits 0 0 0 0 1,094,598 3 1,423,298 1,423,298 1,423,298 4 30% --
Professional Fees 56,000 0 0 0 60,673 0 12,825 12,825 12,825 0 (79%) (77%)
Other Expenses 0 0 0 0 0 0 10,753 10,753 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 7,293,854 18 0 0 5,892,017 15 5,867,628 5,867,628 4,692,711 12 (20%) (36%)
Debt Service 6,022,419 15 0 0 6,022,419 15 6,038,919 6,038,919 6,038,919 15 0% 0%
Debt Service - B 1,275,553 3 0 0 1,275,553 3 1,279,048 1,279,048 1,279,048 3 0% 0%
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service (4,118) 0 0 0 (1,405,955) (4) (1,450,339) (1,450,339) (2,625,255) (7) 87% 63647%
DSCR (A) NOI/NCF 1.32 / 1.21 1.09 / 0.98 0.89 / 0.78
DSCR (A,B) NOI/NCF 1.09 / 1.00 0.90 / 0.81 0.73 / 0.64
DSCR (A,B,C) NOI/NCF 1.09 / 1.00 0.90 / 0.81 0.73 / 0.64

1412 BROADWAY LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Jones Apparel Group LLC 49,385.00 12.42 42.78 08/31/2018 Loan Property Balance
One Step Up, LTD 40,679.00 10.23 30.00 12/31/2014 P & I (Current) 6,137,917 6,137,917 102,000,000
Escada (USA 33,384.00 8.39 32.00 12/31/2020 Tax 3,552,627 3,552,627 1,480,261
Reserves:
Replacement 0 0 1,055,737
02/10/2009 - 1E - DSCR < 1.10; 1F - DSCR < 1.40 & < or = 75% U/W. This Interest-Only Loan is
secured by a 24-story 397,710 sf office property in Midtown Manhattan (New York), NY, built in Tenant Improvements and Leasing 0 0 0
1927/renovated in 2000. The 3/26/2008 inspection rated the Property in Good condition. YTD Commissions
9/30/2008 NCF DSCR (A Note) is 0.71x; All-In Combined YTD 9/30/2008 NCF DSCR (A+B Notes) is Total: 9,690,545 9,690,545
0.59x, with 83% Occ; YE 12/31/2007 NCF DSCR (A Note) was 0.98x, the All-in Combined YE-2007
NCF DSCR (A+B Notes) was 0.81x, and Occ was 89.3%. Loan was U/W at NCF DSCR of 1.21x (A
Note), and 1.0x (All-in), with 86.3% Occ. DSCR further declined due to decreased Occ and Rental
Income, combined with increased R&M and A&E expenses. Based on Annualized 3Q-08 figures,
DSCR remains below threshold due to higher than U/W Vacancy/Collection Loss, and declines in
Expense Reimbursements, combined with increased R&M and A&E expenses when compared to PYE.
Bank of America requested a leasing/marketing update from Borrower; awaiting a response.
05/12/2009 8:28:40 AM Page 103 Of 241

2008: Percentage Rent has been coded to Other Income because if it is coded to Percentage Rent, then the amount is not flowing in the Normalized Net Operating Income.
Income: Interest Only Loan. Note B #3224995.
Expense: Real Estate Taxes adjusted per Servicer record. Property Insurance represents Borrower actual. Management Fee adjusted to 3% of EGI per Underwriting. Bad Debt Expense adjusted out.
DSCR: Debt Service adjusted per Servicer record. -19% & -21% Variance in DSCR @ NOI and NCF is due to the increase in Total Operating Expenses from $7,895,005.54 of 12/31/07 to $8,765,363.74 of
12/31/08, an increase of $870,358.00 (+11%), combined with a decrease in Effective Gross Income from $14,447,462.69 to $14,118,515.05, a decrease of $328,948.00 (-2%), together contributing to
a decrease in Net Cash Flow by $1,199,306.00 (-20%). The increase in Total Operating Expenses is due to the increase in Repairs and Maintenance Expenses by $332,064.00 (+57%), Payroll &
Benefits Expenses by $328,700.00 (+30%) and Advertising & Marketing Expenses by $93,010.00 (+195%). The decrease in EGI is primarily due to the increase in Vacancy/Collection Loss by
$420,395.00 (+93%), combined with a decrease in Gross Potential Rent by $245,808.00 (-2%). Low DSCR is due to low rental income and high Total Operating Expenses.
2007: Percentage Rent is not flowing in Rollups, hence i coded to Other Income.
Income: Lease Cancelation adjusted out. Interest only loan. Note B # 3224995
Expense: Real Estate Taxes adjusted per Servicer record. Property Insurance adjusted per UW. Management Fee adjusted to 3% of EGI per UW.
DSCR: Low DSCR is due to low Rental Income as low occupancy of 89.30%. Debt Service adjusted per servicer record. the YE 07 NCF DSCR is 0.81x with 89.30% occupancy. there is a decline in YE 07
EGI from UW and also increase in Utilities / Payroll expenses.
Base: Underwriting revised.
MARSH STORES- # 886 9800 CROSSPOINT BLVD, INDIANAPOLIS, IN
Income
Base Rent 2,372,212 13 0 0 2,497,065 14 2,497,065 2,497,065 2,497,065 14 -- 5%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 2,372,212 13 0 0 2,497,065 14 2,497,065 2,497,065 2,497,065 14 -- 5%
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 74,912 0 0 0 74,912 0 -- --
General & Administrative Expenses 0 0 0 0 7,873 0 7,840 7,840 7,840 0 0% --
Other Expenses 0 0 0 0 0 0 500 500 500 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 0 0 0 0 96,094 1 10,090 10,090 85,002 0 (12%) --
Operating Expense Ratio 0% 0% 4% 0% 0% 3% (12%) --
Net Cash Flow 2,099,088 12 0 0 2,127,847 12 2,486,975 2,486,975 2,138,939 12 1% 2%
Debt Service 1,651,585 9 0 0 1,651,585 9 1,651,585 1,651,585 1,651,585 9 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.44 / 1.27 1.45 / 1.29 1.46 / 1.30
DSCR (A,B) NOI/NCF 1.44 / 1.27 1.45 / 1.29 1.46 / 1.30
DSCR (A,B,C) NOI/NCF 1.44 / 1.27 1.45 / 1.29 1.46 / 1.30
Occupancy 100% 100% 100%

MSI CROSSPOINT INDIANAPOLIS GROCERY, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:
05/12/2009 8:28:40 AM Page 104 Of 241

Marsh Corporate Offices 176,471.00 100.00 14.15 11/21/2026 Loan Property Balance
P & I (Current) 1,651,585 1,651,585 22,566,500
Status: Performing
Reserves:
Miscellaneous 0 0 0
Repair 0 0 0
Hold Back 0 0 624,266
Leasing 0 0 0
Total: 1,651,585 1,651,585
2008:
Income: NNN Lease. Single tenant.
Expense: Management Fees adjusted to 3% of EGI.
Capital Expense: Tenant improvements / Leasing commission and Capital expenditure adjusted per Underwriting.
2007:
Income: NNN Lease. Single tenant.
Expense: Management fees adjusted to 3% of EGI.
Capital Expense: Tenant improvements / Leasing commission and Capital expenditure adjusted per UW.
Base:
LETTER OF CREDIT

MSI CROSSPOINT INDIANAPOLIS GROCERY, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 1,651,585 0 22,566,500
Status: Performing
Reserves:
Miscellaneous 0 0 0
Repair 0 0 0
Hold Back 0 0 624,266
Leasing 0 0 0
Total: 1,651,585 0
MARSH STORES- #14 2140 EAST 116TH STREET, CARMEL, IN
05/12/2009 8:28:40 AM Page 105 Of 241

Income
Base Rent 1,127,950 14 0 0 1,187,316 15 1,317,850 1,317,850 1,187,316 15 -- 5%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 39,749 0 27,008 27,008 40,513 1 2% --
Professional Fees 0 0 0 0 135 0 200 200 200 0 48% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 0 0 0 0 178,838 2 193,352 193,352 206,857 3 16% --
Operating Expense Ratio 0% 0% 13% 13% 13% 15% 13% --
Net Cash Flow 1,051,220 13 0 0 1,069,403 13 1,287,602 1,287,602 1,066,833 13 0% 1%
Debt Service 793,415 10 0 0 793,415 10 793,415 793,415 793,415 10 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.42 / 1.32 1.44 / 1.35 1.44 / 1.34
DSCR (A,B) NOI/NCF 1.42 / 1.32 1.44 / 1.35 1.44 / 1.34
DSCR (A,B,C) NOI/NCF 1.42 / 1.32 1.44 / 1.35 1.44 / 1.34
Occupancy 100% 100% 100%

MSI EAST 116TH STREET CARMEL PORTFOLIO LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Marsh Supermarket 80,640.00 100.00 14.72 11/24/2011 Loan Property Balance
P & I (Current) 793,415 793,415 10,840,860
Status: Performing
Reserves:
Hold Back 0 0 0
Leasing 0 0 0
Total: 793,415 793,415
2008:
Income: NNN Lease. Single Tenant. rent smoothing adjusted out.
Expense: Real estate taxes represents borrowers actual. Management fee adjusted to 3% of EGI
Capital Expense: Capital Expenditure & Tenant Improvements / Leasing Commissions adjusted per UW.
2007:
Income: NNN Lease. Single tenant. Rent Smoothing adjusted out.
Expense: Real estate taxes represents borrowers actual. Management fee adjusted to 3% of EGI
Base:
05/12/2009 8:28:40 AM Page 106 Of 241

LETTER OF CREDIT

MSI EAST 116TH STREET CARMEL PORTFOLIO LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 793,415 0 10,840,860
Status: Performing
Reserves:
Hold Back 0 0 0
Leasing 0 0 0
Total: 793,415 0
HAMPTON INN- MIAMI 8200 SOUTHWEST 70TH AVE, MIAMI, FL
DADELAND
05/12/2009 8:28:40 AM Page 107 Of 241

Income
Room Revenue 4,075,166 31,108 0 0 4,753,824 36,289 4,438,771 4,438,771 4,438,771 33,884 (7%) 9%
Telephone Revenue 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 33,152 253 (15,382) (15,382) 0 0 (100%) --
Departmental Revenue 4,075,166 31,108 0 0 4,786,975 36,542 4,423,389 4,423,389 4,438,771 33,884 (7%) 9%
Expenses
Departmental
Room Expenses (Departmental) 0 0 0 0 960,851 7,335 955,507 955,507 955,507 7,294 (1%) --
(Departmental)
Telephone (Departmental) 0 0 0 0 0 0 0 0 0 0 -- --
Departmental Expenses 0 0 0 0 960,851 7,335 955,507 955,507 955,507 7,294 (1%) --
Departmental Income 4,075,166 31,108 0 0 3,826,125 29,207 3,467,882 3,467,882 3,483,264 26,590 (9%) (15%)
General/Unallocated
Utilities Expense 0 0 0 0 184,383 1,408 188,860 188,860 188,860 1,442 2% --
Repairs and Maintenance 0 0 0 0 181,547 1,386 195,907 195,907 195,907 1,495 8% --
Franchise Fees 0 0 0 0 192,492 1,469 177,449 177,449 177,449 1,355 (8%) --
Management Fees 0 0 0 0 239,349 1,827 224,230 224,230 221,939 1,694 (7%) --
General & Administrative Expenses 2,538,751 19,380 0 0 337,288 2,575 367,033 367,033 367,033 2,802 9% (86%)
Other Expenses 0 0 0 0 0 0 9,644 9,644 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total General/Unallocated 2,538,751 19,380 0 0 1,680,047 12,825 1,723,032 1,723,032 1,689,485 12,897 1% (33%)
Net Operating Income 1,536,415 11,728 0 0 2,146,077 16,382 1,744,850 1,744,850 1,793,779 13,693 (16%) 17%
Net Cash Flow 1,414,160 10,795 0 0 2,023,822 15,449 1,744,850 1,744,850 1,671,524 12,760 (17%) 18%
Debt Service 1,072,580 8,188 0 0 1,072,580 8,188 1,072,580 1,072,580 1,072,580 8,188 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 341,580 2,607 0 0 951,242 7,261 672,270 672,270 598,944 4,572 (37%) 75%
DSCR (A) NOI/NCF 1.43 / 1.32 2.00 / 1.89 1.67 / 1.56
DSCR (A,B) NOI/NCF 1.43 / 1.32 2.00 / 1.89 1.67 / 1.56
DSCR (A,B,C) NOI/NCF 1.43 / 1.32 2.00 / 1.89 1.67 / 1.56

KELCO DADELAND ASSOCIATES LTD Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 1,072,580 1,072,580 14,927,587
Insurance 133,700 133,700 100,266
Reserves:
Debt Service 0 0 354,190
Replacement 122,135 122,135 145,500
Miscellaneous 0 0 301
Repair 0 0 79,759
Total: 1,461,801 1,461,801
2008:
Income: Negative other revenue adjusted out.
Expense: Real Estate Taxes / Property Insurance adjusted per Servicer Record. Management fee adjusted to 5% of Departmental Revenue. Prior year expense adjusted out.
2007: analysed by Shilpa
Expense: Real Estate Taxes / Property Insurance adjusted per Servicer record. Management Fees adjusted to 5% of Departmental Revenue. Prior year expense adjusted out.
Base:
05/12/2009 8:28:40 AM Page 108 Of 241

WELCH PLAZA 421 23RD AVE SOUTH, SEATTLE, WA
Income
Vacancy/Collection Loss 0 0 0 0 (25,566) (284) (23,340) (23,340) (23,340) (259) (9%) --
Base Rent 1,621,366 18,015 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 58,528 650 58,759 58,759 58,759 653 0% --
Other Income 0 0 0 0 167,272 1,859 140,840 140,840 140,840 1,565 (16%) --
Expenses
Utilities Expense 0 0 0 0 100,043 1,112 94,480 94,480 94,480 1,050 (6%) --
Management Fees 0 0 0 0 66,067 734 67,250 67,250 67,320 748 2% --
Payroll & Benefits 0 0 0 0 101,601 1,129 129,664 129,664 129,664 1,441 28% --
Other Expenses 0 0 0 0 1,700 19 10,812 10,812 0 0 (100%) --
Ground Rent 0 0 0 0 112,783 1,253 115,468 115,468 115,468 1,283 2% --
Net Operating Income 925,259 10,281 0 0 919,728 10,219 990,249 990,249 1,004,210 11,158 9% 9%
Net Cash Flow 896,807 9,965 0 0 891,276 9,903 990,249 990,249 975,758 10,842 9% 9%
Debt Service 768,954 8,544 0 0 646,379 7,182 648,149 648,149 648,149 7,202 0% (16%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.20 / 1.17 1.42 / 1.38 1.55 / 1.51
DSCR (A,B) NOI/NCF 1.20 / 1.17 1.42 / 1.38 1.55 / 1.51
DSCR (A,B,C) NOI/NCF 1.20 / 1.17 1.42 / 1.38 1.55 / 1.51

WELCH PLAZA EAST LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 658,775 658,775 10,800,000
Reserves:
Miscellaneous 21,517 21,517 7,174
Total: 713,078 713,078
2008:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrowers actual. Management Fees adjusted to 4% of EGI per UW. Bad Debt/Theft Loss adjusted out.
DSCR: Debt Service adjusted per Service Record.
2007:
Expense: Real Estate Taxes represents Borrower Actuals. Property Insurance adjusted per UW. Management Fees represents Borrower Actuals @4.028% of EGI . Bad Debts adjusted out.
DSCR: Debt Service adjusted per Service Record.
Base:
PACIFIC SHORES 1100-2100 SEAPORT BOULEVARD, REDWOOD CITY, CA
05/12/2009 8:28:40 AM Page 109 Of 241

1,224,326 NRSF Baseline - mos 2007 2008 YTD Variance
Income
Base Rent 48,009,459 39 0 0 35,169,729 29 36,499,738 36,499,738 36,499,738 30 4% (24%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 1,377,136 1 1,092,989 1,092,989 1,092,989 1 (21%) --
Expenses
Property Insurance 0 0 0 0 2,907,533 2 1,684,315 1,684,315 1,684,315 1 (42%) --
Utilities Expense 0 0 0 0 1,765,554 1 1,740,864 1,740,864 1,740,864 1 (1%) --
Repairs and Maintenance 0 0 0 0 1,761,413 1 1,943,012 1,943,012 1,943,012 2 10% --
Janitorial 0 0 0 0 235,919 0 231,364 231,364 231,364 0 (2%) --
Management Fees 0 0 0 0 966,850 1 256,435 256,435 1,005,952 1 4% --
Other Expenses 0 0 0 0 168,681 0 (23,388) (23,388) 0 0 (100%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 16,133,648 13 0 0 16,082,453 13 14,590,191 14,590,191 15,277,148 12 (5%) (5%)
Tenant Improvements 1,241,801 1 0 0 1,241,801 1 0 0 1,241,801 1 -- --
Total Capital Items 1,486,667 1 0 0 1,486,667 1 0 0 1,486,667 1 -- --
Net Cash Flow 30,389,145 25 0 0 30,294,727 25 35,541,943 35,541,943 33,035,772 27 9% 9%
Debt Service 18,422,308 15 0 0 9,993,471 8 9,236,390 9,236,390 9,236,390 8 (8%) (50%)
Debt Service - B 0 0 0 0 8,428,837 7 9,236,390 9,236,390 9,236,390 8 10% --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 11,966,837 10 0 0 11,872,419 10 17,069,163 17,069,163 14,562,992 12 23% 22%
DSCR (A) NOI/NCF 1.73 / 1.65 3.18 / 3.03 3.74 / 3.58
DSCR (A,B) NOI/NCF 1.73 / 1.65 1.73 / 1.64 1.87 / 1.79
DSCR (A,B,C) NOI/NCF 1.73 / 1.65 1.73 / 1.64 1.87 / 1.79

VII PAC SHORES INVESTORS LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Informatica Corp 149,125.00 12.18 1.21 07/14/2013 Loan Property Balance
Informatica Corp 141,180.00 11.53 1.21 07/14/2013 P & I (Current) 9,387,806 9,387,806 165,875,000
Nuance Communication 141,180.00 11.53 1.49 07/31/2012 Tax 7,095,826 7,095,826 1,510,378
Reserves:
Status: Performing
Operating Expense 0 0 0
Replacement 0 0 0
Tenant Improvements and Leasing 1,224,324 1,224,324 306,203
Commissions
Miscellaneous 0 0 0
Miscellaneous 0 0 0
Repair 0 0 0
Total: 17,707,956 17,707,956
05/12/2009 8:28:40 AM Page 110 Of 241

2008:
Income: Interest only loan. Debt B # 3226305. Op Exp Recovery PY / Tax Recovery PY / Insurance PY adjusted out.
Expense: Real Estate Taxes adjusted per servicer record. Property Insurance represents borrower actual. Management Fee adjusted to 2.02% of EGI per UW. Negative other expense adjusted out.
2007: Analysis Revised as per the mail stated by Howlett, Robert D. Dated 4/24/08. Harish Kumar.Y 4/24/08
Income: Interest only loan. Debt B # 3226305
Expense: Real Estate Taxes adjusted per servicer record. Property Insurance represents borrower actual. Management Fee adjusted to 2.02% of EGI per UW.
Base:
CANYON HILLS 25341, 25331, 25381 RAILROAD CANYON RD, LAKE ELSINORE, CA
MARKETPLACE PHASE I
Income
Base Rent 1,548,540 29 0 0 1,181,574 22 1,068,996 1,068,996 1,068,996 20 (10%) (31%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 3,080 0 17,087 17,087 17,087 0 455% --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 52,525 1 45,493 45,493 47,076 1 (10%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 1,173,554 22 0 0 1,092,614 21 896,533 896,533 917,344 17 (16%) (22%)
Net Cash Flow 1,141,301 22 0 0 1,060,362 20 896,533 896,533 885,092 17 (17%) (22%)
Debt Service 1,000,975 19 0 0 833,090 16 835,373 835,373 835,373 16 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.17 / 1.14 1.31 / 1.27 1.10 / 1.06
DSCR (A,B) NOI/NCF 1.17 / 1.14 1.31 / 1.27 1.10 / 1.06
DSCR (A,B,C) NOI/NCF 1.17 / 1.14 1.31 / 1.27 1.10 / 1.06

CHMP NO 1 LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:
05/12/2009 8:28:40 AM Page 111 Of 241

Longs Drug #148 15,508.00 29.42 8.38 02/29/2032 Loan Property Balance
Carl's Jr 4,500.00 8.54 18.89 10/31/2026 P & I (Current) 849,067 849,067 14,300,000
Jack in the Box 3,000.00 5.69 23.33 05/30/2026 Tax 134,454 134,454 43,801
Insurance 0 0 0
Status: Performing
Reserves:
Replacement 0 0 0
Tenant Improvements and Leasing 0 0 176,440
Commissions
Total: 983,521 983,521
2008:
Income: Interest only loan. Worked on consolidated basis.
Expense: +26% variance in Total operating expenses is due to increase in Professional fees expense by $64,890 & General & Administrative expense by $28,646. Real Estate Taxes adjusted per servicer
record. Property Insurance represents borrower actual. Management fee adjusted to 3% of EGI per UW. Contributions / State Income Tax adjusted out.
DSCR: Low DSCR is due to low rental income combined with high professional fees and general & administrative expenses reported by the borrower if compared with YE 07. Debt service adjusted per
servicer record.
2007:
Income: Interest only loan
Expense: Real estate taxes adjusted per servicer record. Property insurance represents borrower's actual. Management fees represents borrowers actual @3.26% of EGI. State income tax adjusted out.
Capital Expense: Capital expenditure / Tenant improvement & Leasing commission adjusted per UW.
Base:
CANYON HILLS 25331 RAILROAD CANYON ROAD, LAKE ELSINORE, CA
MARKETPLACE PHASE 1

Credit:

P & I (Current) 849,067 0 14,300,000
Insurance 0 0 0
Reserves:
Replacement 0 0 0
Commissions
Total: 983,521 0
CANYON HILLS 25381 RAILROAD CANYON ROAD, LAKE ELSINORE, CA
MARKETPLACE PHASE I

Credit:

P & I (Current) 849,067 0 14,300,000
Insurance 0 0 0
Reserves:
Replacement 0 0 0
Commissions
Total: 983,521 0
05/12/2009 8:28:40 AM Page 112 Of 241

CANYON HILLS NONE-PARKING LOT , LAKE ELSINORE, CA
MARKETPLACE PHASE I

Credit:

P & I (Current) 849,067 0 14,300,000
Insurance 0 0 0
Reserves:
Replacement 0 0 0
Commissions
Total: 983,521 0
CANYON HILLS 29985 CANYON HILLS ROAD, LAKE ELSINORE, CA
MARKETPLACE PHASE I

Credit:

P & I (Current) 849,067 0 14,300,000
Insurance 0 0 0
Reserves:
Replacement 0 0 0
Commissions
Total: 983,521 0
05/12/2009 8:28:40 AM Page 113 Of 241

MARKETPLACE PHASE I

Credit:

P & I (Current) 849,067 0 14,300,000
Insurance 0 0 0
Reserves:
Replacement 0 0 0
Commissions
Total: 983,521 0
MARKETPLACE PHASE I

Credit:

P & I (Current) 849,067 0 14,300,000
Insurance 0 0 0
Reserves:
Replacement 0 0 0
Commissions
Total: 983,521 0
MERRYMEETING PLAZA 147 BATH ROAD-ROUTE 24, BRUNSWICK, ME
05/12/2009 8:28:40 AM Page 114 Of 241

Income
Base Rent 3,037,394 19 0 0 2,445,997 15 2,452,219 2,452,219 2,452,219 16 0% (19%)
Percentage Rent 0 0 0 0 91,060 1 50,480 50,480 50,480 0 (45%) --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 161,450 1 157,706 157,706 151,672 1 (6%) --
Other Expenses 0 0 0 0 14,270 0 912 912 0 0 (100%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 2,238,902 14 0 0 2,387,349 15 2,294,390 2,294,390 2,204,181 14 (8%) (2%)
Debt Service 1,394,883 9 0 0 1,394,883 9 1,398,705 1,398,705 1,398,705 9 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.67 / 1.61 1.78 / 1.71 1.65 / 1.58
DSCR (A,B) NOI/NCF 1.67 / 1.61 1.78 / 1.71 1.65 / 1.58
DSCR (A,B,C) NOI/NCF 1.67 / 1.61 1.78 / 1.71 1.65 / 1.58

W/S BRUNSWICK PROPERTIES II LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Shaw's Supermarket#497/7628 61,954.00 39.25 18.11 02/28/2025 Loan Property Balance
Borders #327 22,202.00 14.07 15.00 01/31/2017 P & I (Current) 1,421,634 1,421,634 24,350,000
Old Navy #5014 17,472.00 11.07 13.50 01/31/2017 Tax 285,884 285,884 53,612
Reserves:
Status: Performing
Replacement 31,568 31,568 73,658
Commissions
Repair 0 0 61,250
Excess Rent 0 0 0
Excess Rent 0 0 0
Total: 1,739,086 1,739,086
05/12/2009 8:28:40 AM Page 115 Of 241

2008:
Expense: Real Estate Taxes and Property Insurance represents Borrower actual. Management Fee adjusted to 5% of EGI per Underwriting. Provision For Doubtful Accounts adjusted out.
2007: Analyzed by Sucharitha.
Income: NNN Lease. Interest only.
Expense: Real Estate Taxes represents borrowers actual. Property Insurance adjusted per Underwriting. Management Fees adjusted to 5% of EGI per Underwriting. Provision for doubtful accounts adjusted
out.
Capital Expense: Tenant Improvement / Leasing Commission / Capital Expenditure adjusted per Underwriting.
Base:
05/12/2009 8:28:40 AM Page 116 Of 241

HIRSCHFELD PORTFOLIO- 10337 SOCIETY PARK DRIVE, COCKEYSVILLE, MD
STEEPLECHASE
Garden Apartment - mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Vacancy/Collection Loss 0 0 0 0 (474,619) (879) (613,669) (613,669) (613,669) (1,136) 29% --
Base Rent 0 0 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 324,162 600 403,850 403,850 396,991 735 22% --
Effective Gross Income 0 0 0 0 5,762,012 10,670 6,013,281 6,013,281 6,006,422 11,123 4% --
Expenses
Management Fees 0 0 0 0 230,480 427 176,481 176,481 240,257 445 4% --
Payroll & Benefits 0 0 0 0 562,599 1,042 544,716 544,716 544,716 1,009 (3%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 0 0 0 0 1,993,291 3,691 1,890,204 1,890,204 2,076,169 3,845 4% --
Net Operating Income 0 0 0 0 3,768,721 6,979 4,123,077 4,123,077 3,930,253 7,278 4% --
Net Cash Flow 0 0 0 0 3,631,473 6,725 4,123,077 4,123,077 3,793,005 7,024 4% --
Debt Service 0 0 0 0 2,877,520 5,329 2,885,404 2,885,404 2,885,404 5,343 0% --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 0 0 0 0 753,952 1,396 1,237,673 1,237,673 907,601 1,681 20% --
DSCR (A) NOI/NCF 1.31 / 1.26 1.36 / 1.31
DSCR (A,B) NOI/NCF 1.31 / 1.26 1.36 / 1.31
DSCR (A,B,C) NOI/NCF 1.31 / 1.26 1.36 / 1.31

MAGAZINE PORTFOLIO HOLDINGS LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 9,834,574 1,542,071 167,000,000
Status: Performing Tax 1,510,583 236,861 1,691,499
Reserves:
Repair 0 0 2,866,592
Total: 11,345,157 1,778,932
2008:
Income: Interest only Loan. Bad Debt Expense adjusted out.
Expense: Real Estate Taxes adjusted as per Servicer Record. Property Insurance represents borrowers actual. Management Fees adjusted to 4% of EGI per UW.
Capital Expense: Capital Expenditure adjusted as per UW.
DSCR: YE-2008 NCF DSCR is 1.31x with an occupancy of 94.63%. Debt Service adjusted as per Servicer Record.
2007:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents Borrowers actual. Management fees adjusted @ 4% of EGI per UW.
05/12/2009 8:28:40 AM Page 117 Of 241

HIRSCHFELD PORTFOLIO- 109 ASPINWOOD WAY, ROSEDALE, MD
RIDGE VIEW
Garden Apartment - mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Vacancy/Collection Loss 0 0 0 0 (199,784) (777) (376,921) (376,921) (376,921) (1,467) 89% --
Base Rent 0 0 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 133,228 518 173,458 173,458 200,129 779 50% --
Expenses
Management Fees 0 0 0 0 88,174 343 64,606 64,606 91,447 356 4% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 0 0 0 0 999,919 3,891 845,057 845,057 981,108 3,818 (2%) --
Net Cash Flow 0 0 0 0 1,153,174 4,487 1,414,441 1,414,441 1,253,799 4,879 9% --
Debt Service 0 0 0 0 1,074,736 4,182 1,077,681 1,077,681 1,077,681 4,193 0% --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 0 0 0 0 78,438 305 336,760 336,760 176,118 685 125% --
DSCR (A) NOI/NCF 1.12 / 1.07 1.21 / 1.16
DSCR (A,B) NOI/NCF 1.12 / 1.07 1.21 / 1.16
DSCR (A,B,C) NOI/NCF 1.12 / 1.07 1.21 / 1.16

Credit:

P & I (Current) 9,834,574 606,920 167,000,000
Reserves:
Repair 0 0 2,866,592
Total: 11,345,157 700,142
2008:
Income: Interest only Laon. Bad Debt Expense adjusted out.
DSCR: YE-2008 NCF DSCR is 1.16x with an occupancy of 87.55%. YE-2007 NCF DSCR was 1.07x with an occupancy of 91.44%. The increase in NCF DSCR is due to increase in Rental Income and Other
Income combined with decrease in Utilities and Payroll & Benefits expenses. Debt Service adjusted as per Servicer Record.
2007:
DSCR: Low DSCR is due to high operating expenses. Debt Service adjusted per Servicer Record.
05/12/2009 8:28:40 AM Page 118 Of 241

HIRSCHFELD PORTFOLIO- 8732 TOWN & COUNTRY BLVD, ELLICOT CITY, MD
HOWARD CROSSING
(PROPERTY SPLIT SEE
LN#3403856 in BACM 2007-2)

Credit:

P & I (Current) 9,834,574 4,567,380 167,000,000
Reserves:
Repair 0 0 2,866,592
Total: 11,345,157 5,268,926
HIRSCHFELD PORTFOLIO- 7429D TEMPEST COURT, ROSEDALE, MD
EAGLES WALK
Multifamily - mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Vacancy/Collection Loss 0 0 0 0 (1,156,259) (1,671) (1,284,279) (1,284,279) (1,284,279) (1,856) 11% --
Base Rent 0 0 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 329,986 477 412,916 412,916 510,097 737 55% --
Expenses
Management Fees 0 0 0 0 231,456 334 183,740 183,740 255,737 370 10% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 0 0 0 0 2,469,979 3,569 2,481,621 2,481,621 2,709,752 3,916 10% --
Net Cash Flow 0 0 0 0 3,160,167 4,567 3,814,619 3,814,619 3,527,404 5,097 12% --
Debt Service 0 0 0 0 3,276,212 4,734 3,285,189 3,285,189 3,285,189 4,747 0% --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 0 0 0 0 (116,045) (168) 529,430 529,430 242,216 350 (309%) --
DSCR (A) NOI/NCF 1.01 / 0.96 1.12 / 1.07
DSCR (A,B) NOI/NCF 1.01 / 0.96 1.12 / 1.07
DSCR (A,B,C) NOI/NCF 1.01 / 0.96 1.12 / 1.07
05/12/2009 8:28:40 AM Page 119 Of 241

Credit:

P & I (Current) 9,834,574 1,820,759 167,000,000
Reserves:
Repair 0 0 2,866,592
Total: 11,345,157 2,100,426
2008:
DSCR: YE-2008 NCF DSCR is 1.07x with an occupancy of 86.42%. YE-2007 NCF DSCR was 0.96x with an occupancy of 87.28%. The DSCR continues to be low but has improved from 0.96x in YE-2007 to
1.07x in YE-2008 due to increase in Rental Income and Other Income. Low DSCR is due to high Operating Expenses particularly due to high Repairs and Maintenance, General & Administrative
Expenses and Advertising & Marketing expenses. Debt Service adjusted as per Servicer Record.
2007:
DSCR: Low DSCR is due to huge operating expenses. Debt Service adjusted per Servicer Record.
HIRSCHFELD PORTFOLIO- 3519 LESLIE WAY, LAUREL, MD
TALL OAKS
Income
Vacancy/Collection Loss 0 0 0 0 (656,827) (1,866) (882,537) (882,537) (882,537) (2,507) 34% --
Base Rent 33,872,925 96,230 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 169,409 481 90,136 90,136 285,167 810 68% --
Effective Gross Income 33,872,925 96,230 0 0 3,763,741 10,692 3,960,051 3,960,051 4,155,082 11,804 10% (88%)
Expenses
Management Fees 0 0 0 0 184,447 524 112,212 112,212 166,203 472 (10%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 11,881,173 33,753 0 0 1,793,419 5,095 1,772,995 1,772,995 1,859,824 5,284 4% (84%)
Capital Expenditures 797,750 2,266 0 0 115,476 328 0 0 115,476 328 -- (86%)
Total Capital Items 797,750 2,266 0 0 115,476 328 0 0 115,476 328 -- (86%)
Net Cash Flow 21,194,002 60,210 0 0 1,854,846 5,269 2,187,056 2,187,056 2,179,782 6,193 18% (90%)
Debt Service 22,284,943 63,309 0 0 2,421,046 6,878 2,427,679 2,427,679 2,427,679 6,897 0% (89%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service (1,090,941) (3,099) 0 0 (566,200) (1,609) (240,623) (240,623) (247,897) (704) (56%) (77%)
DSCR (A) NOI/NCF 0.99 / 0.95 0.81 / 0.77 0.95 / 0.90
DSCR (A,B) NOI/NCF 0.99 / 0.95 0.81 / 0.77 0.95 / 0.90
DSCR (A,B,C) NOI/NCF 0.99 / 0.95 0.81 / 0.77 0.95 / 0.90
05/12/2009 8:28:40 AM Page 120 Of 241

Credit:

P & I (Current) 9,834,574 1,297,445 167,000,000
Reserves:
Repair 0 0 2,866,592
Total: 11,345,157 1,496,732
2008:
DSCR: YE-2008 NCF DSCR is 0.90x with an occupancy of 92.92%. YE-2007 NCF DSCR was 0.77x with an occupancy of 85.23%. The DSCR continues to be low but has improved from 0.77x in YE-2007 to
0.90x in YE-2008 due to increase in Rental Income and Other Income. Low DSCR is due to high Operating Expenses particularly due to high Advertising & Marketing and General & Administrative
Expenses. The UW combined DSCR is 0.95x with occupancy of 88.70%. The primary reason for a decrease in the NCF DSCR is larger vacancy loss and rental concessions taken at all the 4
properties. Debt Service adjusted as per Servicer Record.
2007: Borrower has not provided Financials for individual properties(5) and reported Consolidated Statement of Operations for YE'07. Please Check - Sangeetha - 5/16/2008.
Borrower provided separate financials for each property - 7/7/08 Nancy Church
Hirschfeld Portfolio is a Multi Property of 5 but property no.4 has splitted into another loan #3403856. Occupancy Updation for all the 4 properties is done based on the latest (Dec) rent roll--
Sangeetha-7/9/2008.
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents Borrowers actual. Management fees represents Borrower's actual @ 4.900629% of EGI.
DSCR: The 12/31/2007 NCF DSCR is 0.77x with an occupancy of 84.99%. U/W combined DSCR was 1.25x with occupancy of 86.8%.The primary reason for a decrease in the NCF DSCR is larger vacancy
loss and rental concessions taken at all 4 properties.
Low DSCR is due to high operating expenses. Debt Service adjusted per Servicer Record.
Base:
BROOKS LANDING 3055 FLOYD AVENUE, MODESTO, CA
05/12/2009 8:28:40 AM Page 121 Of 241

Income
Base Rent 2,870,572 12,373 0 0 2,463,288 10,618 2,560,362 2,560,362 2,560,362 11,036 4% (11%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 10,571 46 14,600 14,600 14,600 63 38% --
Other Income 0 0 0 0 181,614 783 255,426 255,426 255,426 1,101 41% --
Expenses
Management Fees 0 0 0 0 132,774 572 141,234 141,234 141,234 609 6% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 1,734,799 7,478 0 0 1,397,195 6,022 1,499,475 1,499,475 1,451,734 6,257 4% (16%)
Debt Service 1,561,907 6,732 0 0 1,275,574 5,498 1,279,068 1,279,068 1,279,068 5,513 0% (18%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.14 / 1.11 1.14 / 1.10 1.18 / 1.13
DSCR (A,B) NOI/NCF 1.14 / 1.11 1.14 / 1.10 1.18 / 1.13
DSCR (A,B,C) NOI/NCF 1.14 / 1.11 1.14 / 1.10 1.18 / 1.13

BROOKS LANDING APARTMENT ASSOCIATES LLC, Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
ETAL
Credit:

P & I (Current) 1,561,907 1,561,907 22,898,035
Insurance 47,508 47,508 33,249
Reserves:
Replacement 40,600 40,600 2,707
Total: 2,054,134 2,054,134
2008:
Income: Interest Only Loan till 12/31/2008.
Expense: Real Estate Taxes and Property Insurance adjusted per Servicer record. Management Fee represents Borrower actual @4.99% of EGI.
2007:
Expense: Real Estate Taxes & Property Insurance adjusted per Servicer Record. Management Fees adjusted to 5% of EGI.
Base:
CAPITOL PLACE 840-890 SACRAMENTO AVENUE, SACRAMENTO, CA
APARTMENTS
05/12/2009 8:28:40 AM Page 122 Of 241

Income
Base Rent 2,339,338 12,184 0 0 1,814,997 9,453 2,011,777 2,011,777 2,011,777 10,478 11% (14%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 29,814 155 36,213 36,213 36,213 189 21% --
Other Income 0 0 0 0 122,079 636 162,524 162,524 162,524 846 33% --
Expenses
Management Fees 0 0 0 0 98,345 512 109,503 109,503 109,503 570 11% --
Other Expenses 0 0 0 0 36,407 190 33,458 33,458 33,458 174 (8%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 849,066 4,422 0 0 1,312,306 6,835 1,336,748 1,336,748 1,303,374 6,788 (1%) 54%
Net Operating Income 1,490,272 7,762 0 0 654,584 3,409 873,766 873,766 907,140 4,725 39% (39%)
Net Cash Flow 1,447,072 7,537 0 0 611,384 3,184 838,797 838,797 863,940 4,500 41% (40%)
Debt Service 1,358,180 7,074 0 0 1,109,194 5,777 1,112,233 1,112,233 1,112,233 5,793 0% (18%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 88,892 463 0 0 (497,810) (2,593) (273,436) (273,436) (248,293) (1,293) (50%) (379%)
DSCR (A) NOI/NCF 1.10 / 1.07 0.59 / 0.55 0.82 / 0.78
DSCR (A,B) NOI/NCF 1.10 / 1.07 0.59 / 0.55 0.82 / 0.78
DSCR (A,B,C) NOI/NCF 1.10 / 1.07 0.59 / 0.55 0.82 / 0.78

CAPITOL PLACE APARTMENT ASSOCIATES, LLC ET Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
AL
Credit:

P & I (Current) 1,358,180 1,358,180 19,911,335
02/10/2009 - 1E - DSCR < 1.10; 1F - DSCR <1.40 & < or = 75% U/W. Loan is secured by a 192-unit
Insurance 46,420 46,420 43,091
multifamily apartment complex in Sacramento, CA, built in 2005. The 4/21/2008 inspection rated the
Property in Excellent condition. YTD 9/30/2008 NCF DSCR is improved slightly to 0.76x with 88.5% Reserves:
Occupancy as of 9/25/2008; YTD 6/30/2008 NCF DSCR was 0.70x with 84% Occ; and YE 12/31/2007 Replacement 33,600 33,600 27,575
NCF DSCR was 0.55x with 81% Occ. The Loan was U/W at 1.07x with 86.5% Occ. Borrower remains
unresponsive to Bank of America's requests for clarification of the DSCR decline at YE-2007, 2Q-2008, Total: 1,789,851 1,789,851
however the Property has shown some improvement as of 3Q 2008. BofA will maintain efforts to reach
Borrower and will continue to monitor the Loan.
2008:
Expense: Real Estate Taxes / Property Insurance adjusted per Servicer Record. Management Fees represents borrower actual @4.9537% of EGI. Major Repairs adjusted out from Repairs & Maintenance.
DSCR: +39% & +42% variance in NOI/NCF DSCR is due to increase in Rental Income and Other Income. Rental Income as per YE08 is $2011777 when compared with YE07 was $1814997. Other Income
as per YE08 is $162524 when compared with YE07 was $122079. The DSCR continues to remain low, due to low Rental Income when compared with UW. DSCR has improved from 0.55x in YE07
to 0.78x in YE08. Debt Service adjusted per Servicer Record
2007: Analyzed by Radhika on 2/1/08.

Expense: Real Estate Taxes / Property Insurance adjusted per Servicer Record. Management Fees adjusted to 5% of EGI. Major Repairs adjusted out from Repairs & Maintenance.
DSCR: Debt Service adjusted per Servicer Record. Low DSCR is due to Low Rental Income combined with high Repairs & Maintenance, Advertising & Marketing and Utillity expenses when compared with
UW.
Base:
05/12/2009 8:28:40 AM Page 123 Of 241

ISLANDIA PAVILION 1377 MOTOR PARKWAY, HAUPPAUGE, NY
Income
Base Rent 3,261,259 20 0 0 2,976,214 19 3,172,912 3,172,912 3,172,912 20 7% (3%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 60,652 60,652 60,652 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 99,124 1 0 0 106,222 1 7% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 11,250 11,250 11,250 0 -- --
Net Cash Flow 1,289,967 8 0 0 1,200,542 8 1,844,117 1,844,117 1,587,310 10 32% 23%
Debt Service 1,051,117 7 0 0 875,392 5 877,790 877,790 877,790 5 0% (16%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.36 / 1.23 1.53 / 1.37 1.96 / 1.81
DSCR (A,B) NOI/NCF 1.36 / 1.23 1.53 / 1.37 1.96 / 1.81
DSCR (A,B,C) NOI/NCF 1.36 / 1.23 1.53 / 1.37 1.96 / 1.81
Occupancy 84% 91%

ISLANDIA PAVILION, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

U.S POSTAL SERVICE 37,345.00 23.37 20.08 01/31/2012 Loan Property Balance
UNITED PET GROUP INC 25,267.00 15.81 19.63 03/31/2012 P & I (Current) 1,051,117 1,051,117 14,936,975
ROYAL HEALTHCARE OF LONG ISLAND, LLC 23,000.00 14.39 24.94 11/30/2010
Reserves:
Status: Performing
Total: 1,051,117 1,051,117
2008: Rent Roll is not Legible . Hence Occupancy not Updated. Annapurna - 4/20/2009.
Expense: Real Estate Taxes adjusted per Servicer record. Property Insurance represents borrower's actuals. Management fee adjusted to 3% of EGI per UW.
Capital Expense: Capital Expenditure/Tenant Improvements & Leasing Commission adjusted per UW.
DSCR: +28% & +32% variance in NOI / NCF DSCR respectively is due to increase in Rental Income by ($196,698)& decrease in Operating Expenses in Particular Utilities Expense by ($ 59,892) & Repairs
& Maintenance Expense by ($ 37,643).
Debt service adjusted per servicer record.
2007:
Expense: Real Estate Taxes represent Borrower actual Property Insurance adjusted per UW. Management fees adjusted to 3% of EGI per UW.
Capital Expense: Capital Expenditure/Tenant Improvements & Leasing Commission adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 124 Of 241

LOWE 6TH STREET 1206 -1338 E SIXTH ST & 1205-1321 E WHOLESALE ST, LOS ANGELES, CA
PROPERTIES
Income
Gross Potential Rent 0 0 0 0 3,345,543 11 3,651,214 3,651,214 3,651,214 12 9% --
Vacancy/Collection Loss 0 0 0 0 (15,210) 0 (15,795) (15,795) (15,795) 0 4% --
Base Rent 3,877,372 12 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 3,627 0 94,062 94,062 18,400 0 407% --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 122,678 0 134,101 134,101 134,101 0 9% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 2,881,498 9 0 0 2,887,492 9 3,746,527 3,746,527 3,359,020 11 16% 17%
Debt Service 2,242,803 7 0 0 2,242,803 7 2,248,948 2,248,948 2,248,948 7 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 638,695 2 0 0 644,689 2 1,497,579 1,497,579 1,110,072 4 72% 74%
DSCR (A) NOI/NCF 1.38 / 1.28 1.38 / 1.29 1.59 / 1.49
DSCR (A,B) NOI/NCF 1.38 / 1.28 1.38 / 1.29 1.59 / 1.49
DSCR (A,B,C) NOI/NCF 1.38 / 1.28 1.38 / 1.29 1.59 / 1.49
Occupancy 100% 100% 100%

LOWE 6TH STREET PROPERTIES LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

AMERICAN PRODUCER, INC 46,996.00 14.84 9.14 12/31/2010 Loan Property Balance
Valley fruit & produce company, Inc. 30,866.00 9.75 14.40 02/28/2018 P & I (Current) 2,285,816 2,285,816 39,000,000
HOP FU PROCDURE 30,820.00 9.73 11.99 09/30/2009 Tax 297,504 297,504 58,555
Reserves:
Status: Performing
Replacement 31,663 31,663 74,094
Commissions
Total: 2,714,983 2,714,983
2008:
Income: Interest Only loan. Lease Cancellations/ Operating expense prior year adjusted out.
Expense: Real Estate Taxes / Property Insurance represents borrower's actuals. Management fee represents borrower actual @3.05% of EGI
Capital Expense: Tenant improvement / Leasing commission & Capital Expenditure adjusted per UW.
2007:
Income: New loan. Interest Only loan. Operating Expenses-Prior Yr adjusted out.
Expense: Real estate taxes / Property Insurance represents borrowers actuals. Mfee represents borrower actual @ 3.06955 % of EGI.
Capital Expense: Tenant improvement / Leasing commission & Capital Expenditure adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 125 Of 241

2700 FULTON AVENUE 2700 FULTON AVENUE, SACRAMENTO, CA
Income
Base Rent 1,585,982 34 0 0 1,683,794 37 1,723,868 1,723,868 1,723,868 37 2% 9%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 575 0 223 223 223 0 (61%) --
Management Fees 0 0 0 0 50,514 1 19,500 19,500 51,716 1 2% --
General & Administrative Expenses 301,549 7 0 0 13,111 0 4,159 4,159 902 0 (93%) (100%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 1,196,809 26 0 0 1,292,950 28 1,442,366 1,442,366 1,327,645 29 3% 11%
Debt Service 866,992 19 0 0 717,580 16 719,546 719,546 719,546 16 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.48 / 1.38 1.92 / 1.80 1.97 / 1.85
DSCR (A,B) NOI/NCF 1.48 / 1.38 1.92 / 1.80 1.97 / 1.85
DSCR (A,B,C) NOI/NCF 1.48 / 1.38 1.92 / 1.80 1.97 / 1.85
Occupancy 100% 100% 100%

2700 FULTON AVENUE LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Sacramento County DHA Facility 46,000.00 100.00 37.48 04/30/2024 Loan Property Balance
P & I (Current) 731,342 731,342 12,500,000
Insurance 29,217 29,217 24,150
Total: 917,059 917,059
2008: YE 2008 Rent Roll is not provided, since the loan is a Single Tenant we have updated occupancy % and Tental Details as per annexure. Radhika -2/20/09
Income: Interest only Loan. Single Tenant.
Expense: Real Estate Taxes represents borrowers actual. Property Insurance adjusted as per Servicer Record. Management Fees adjusted to 3% of EGI per UW. State Income Tax Fee adjusted out.
DSCR: Debt Service adjusted as per Servicer Record.
2007:
Income: Interest Only Loan. Single Tenant.
Expense: Real Estate Taxes / Property Insurance adjusted per Servicer Record. Management Fees adjusted to 3% of EGI per UW. State Income Tax Fee adjusted out.
Base:
05/12/2009 8:28:40 AM Page 126 Of 241

NORTH HILLS SHOPPING 1004 -1298 LONNIE ABBOTT BLVD, ADA, OK
CENTER
Income
Gross Potential Rent 0 0 0 0 1,209,335 6 1,197,746 1,197,746 1,197,746 6 (1%) --
Vacancy/Collection Loss 0 0 0 0 0 0 (2,395) (2,395) (2,395) 0 -- --
Base Rent 1,355,247 7 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 26,961 0 11,184 11,184 11,184 0 (59%) --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 8,199 0 8,673 8,673 8,673 0 6% --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 57,335 0 55,231 55,231 55,231 0 (4%) --
Other Expenses 0 0 0 0 0 0 27,057 27,057 205 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Leasing Commissions 0 0 0 0 88,884 0 0 0 0 0 -- --
Tenant Improvements 88,884 0 0 0 0 0 63,865 63,865 88,884 0 -- --
Net Cash Flow 897,471 5 0 0 964,523 5 901,073 901,073 873,940 5 (9%) (3%)
Debt Service 731,800 4 0 0 609,220 3 610,890 610,890 610,890 3 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.39 / 1.23 1.78 / 1.58 1.62 / 1.43
DSCR (A,B) NOI/NCF 1.39 / 1.23 1.78 / 1.58 1.62 / 1.43
DSCR (A,B,C) NOI/NCF 1.39 / 1.23 1.78 / 1.58 1.62 / 1.43

EAGLE-NORTH HILLS SHOPPING CENTRE, LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Specialty Retailers, Inc. 29,822.00 15.44 0.00 12/31/2020 Loan Property Balance
Goody's Family Clothing 22,560.00 11.68 6.00 10/31/2012 P & I (Current) 620,904 620,904 10,450,000
Hastings Entertainment 21,000.00 10.87 7.00 07/31/2011 Tax 91,901 91,901 50,900
Insurance 28,874 28,874 20,328
Status: Performing
Reserves:
Replacement 56,523 56,523 15,401
Commissions
Total: 883,174 883,174
05/12/2009 8:28:40 AM Page 127 Of 241

2008:
Expense: Real Estate Taxes / Property Insurance represents borrower actual. Management fee represents Borrower actual @4% of EGI per UW. Bad debt exp adjusted out.
Capital Expense: Tenant Improvements/ Leasing Commission & Capital Expenditure adjusted per UW.
DSCR: YE08 NCF DSCR is 1.43x with an occupancy of 89.08%. YE07 NCF DSCR is 1.58x with an occupancy of 76.35%. Debt service adjusted per servicer record.
2007:
Expense: Real Estate Taxes represents borrowers actual.Property Insurance adjusted per servicer record.. Management fees Represents borrowers actual @ 4% of EGI. Bad Debt Exp/ Prior Period Exp
adjusted out.
Capital Expense: Tenant Improvements/ Leasing Commission & Capital Expenditure adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 128 Of 241

MARKETPLACE AT HAMDEN 2335 DIXWELL AVENUE, HAMDEN, CT
Income
Base Rent 4,436,445 19 0 0 3,680,846 15 3,662,881 3,662,881 3,662,881 15 0% (17%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 1 1 1 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 391 391 391 0 -- --
Management Fees 0 0 0 0 234,131 1 350,998 350,998 234,753 1 0% --
Other Expenses 0 0 0 0 0 0 96,433 96,433 0 0 -- --
Ground Rent 0 0 0 0 125,903 1 125,903 125,903 125,903 1 -- --
Total Operating Expenses 1,403,209 6 0 0 1,695,639 7 1,801,780 1,801,780 1,628,538 7 (4%) 16%
Leasing Commissions 0 0 0 0 0 0 11,963 11,963 0 0 -- --
Net Cash Flow 2,863,040 12 0 0 2,816,776 12 2,881,314 2,881,314 2,896,321 12 3% 1%
Debt Service 1,854,054 8 0 0 1,854,054 8 1,859,134 1,859,134 1,859,134 8 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 1,008,986 4 0 0 962,722 4 1,022,180 1,022,180 1,037,187 4 8% 3%
DSCR (A) NOI/NCF 1.64 / 1.54 1.61 / 1.52 1.65 / 1.56
DSCR (A,B) NOI/NCF 1.64 / 1.54 1.61 / 1.52 1.65 / 1.56
DSCR (A,B,C) NOI/NCF 1.64 / 1.54 1.61 / 1.52 1.65 / 1.56

2335 ROUTE 10 HAMDEN - CT INC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Stop & Shop Supermar 70,332.00 29.61 23.00 11/30/2015 Loan Property Balance
The TJX companies 44,000.00 18.52 13.50 04/30/2009 P & I (Current) 1,889,611 1,889,611 32,400,000
Staples office super 25,249.00 10.63 16.68 03/31/2011
Total: 1,889,611 1,889,611
Status: Performing
2008:
Expense: Real Estate Taxes adjusted per servicer record. Property Insurance adjusted per UW.
Management Fees adjusted to 5% of EGI. Bad Debt Expense adjusted out.
Capital Expense: Capital Expenditures and Tenant Improvements/Leasing Commissions adjusted per UW.
2007:
Income: Interest only loan
Expense: Real Estate Taxes adjusted per servicer record. Property Insurance adjusted per UW. Management Fee adjusted to 5% of EGI. Prior year CAM expense / Bad debt expense adjusted out.
Base:
05/12/2009 8:28:40 AM Page 129 Of 241

BMW FINANCIAL SERVICES 5550 BRITTON PARKWAY, HILLIARD , OH
BUILDING
Income
Base Rent 3,733,265 17 0 0 2,548,576 12 2,580,603 2,580,603 2,580,603 12 1% (31%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Property Insurance 0 0 0 0 24,996 0 0 0 24,996 0 -- --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 117,180 1 0 0 122,434 1 4% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 2,342,967 11 0 0 2,158,866 10 2,544,575 2,544,575 2,154,633 10 0% (8%)
Debt Service 2,062,825 9 0 0 1,734,426 8 1,739,178 1,739,178 1,739,178 8 0% (16%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.21 / 1.14 1.33 / 1.24 1.33 / 1.24
DSCR (A,B) NOI/NCF 1.21 / 1.14 1.33 / 1.24 1.33 / 1.24
DSCR (A,B,C) NOI/NCF 1.21 / 1.14 1.33 / 1.24 1.33 / 1.24
Occupancy 100% 100%

LEXINGTON HILLIARD LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

BMW financial services 195,652.00 88.54 10.99 02/28/2021 Loan Property Balance
Duke Realty 25,314.00 11.46 11.50 12/19/2009 P & I (Current) 1,767,689 1,767,689 28,960,000
Reserves:
Status: Performing
Commissions
Total: 1,767,689 1,767,689
2008: Borrwer did not provide the Current Rent Roll for YE 2008, hence occupancy not updated-Shilpa-1/29/2009
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance adjusted per UW. Management Fees adjusted to 3% of EGI per UW.
Capital Expense: Capital Expenditure and Tenant Improvements / Leasing Commissions adjusted per UW.
2007:
Expense: Real Estate Taxes adjusted per servicer record. Property Insurance adjusted per UW. Management fees adjusted to 3% of EGI per UW.
Capital Expense: Capital Expenditure/Tenant Improvements & Leasing Commissions adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 130 Of 241

PUTNAM SHOPPING CENTER 200 KENNEDY DRIVE, PUTNAM, CT
Retail 2/28/2007 - 12 mos 12/31/2007 - 12 mos
Income
Base Rent 1,597,416 11 0 0 0 0 1,440,161 1,440,161 1,440,161 10 -- (10%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 1,597,416 11 0 0 0 0 1,687,947 1,687,947 1,687,947 12 -- 6%
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 0 0 50,638 0 -- --
Other Expenses 0 0 0 0 0 0 2,811 2,811 2,811 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 1,377,921 9 0 0 0 0 1,431,019 1,431,019 1,381,130 9 -- 0%
Tenant Improvements 37,472 0 0 0 0 0 0 0 37,472 0 -- 0%
Total Capital Items 52,063 0 0 0 0 0 0 0 52,063 0 -- 0%
Net Cash Flow 1,325,858 9 0 0 0 0 1,431,019 1,431,019 1,329,067 9 -- 0%
Debt Service 1,103,692 8 0 0 0 0 1,103,692 1,103,692 1,103,692 8 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.25 / 1.20 1.25 / 1.20
DSCR (A,B) NOI/NCF 1.25 / 1.20 1.25 / 1.20
DSCR (A,B,C) NOI/NCF 1.25 / 1.20 1.25 / 1.20
Occupancy 93% 98%
Management 3.0%

PUTNAM DOWNTOWN LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

The Price Chopper 57,122.00 39.14 10.04 08/31/2026 Loan Property Balance
Brooks Drug 12,600.00 8.63 11.12 04/30/2017 P & I (Current) 1,103,692 1,103,692 16,075,352
Family Dollar 6,720.00 4.60 5.73 12/31/2008 Tax 201,426 201,426 18,920
Insurance 56,046 56,046 19,910
Status: Performing
Reserves:
Capital Improvements 0 0 0
Replacement 11,672 11,672 26,334
Commissions
Miscellaneous 0 0 0
Hold Back 0 0 0
Total: 1,372,836 1,372,836
2007: Analysed by Tahura.

Expense: Real Estate Taxes represents Borrower actuals. Property Insurance adjusted per servicer record. Management Fees adjusted to 3% of EGI per UW.
DSCR: The YE 12/31/2007 NCF DSCR is 1.20x with an occupancy of 96.06%. The YE07 EGI is $1687947.32 a 5.4% increase from UW. The YE07 Operating Expenses are $306817.24 a 28% increase
from UW.
Base:
05/12/2009 8:28:40 AM Page 131 Of 241

HOME DEPOT NIAGARA FALLS 750 BUILDERS WAY, NIAGARA FALLS, NY
Income
Gross Potential Rent 0 0 0 0 884,237 8 0 0 0 0 -- --
Base Rent 883,905 8 0 0 0 0 884,237 884,237 884,237 8 -- 0%
Expense Reimbursement 0 0 0 0 17,707 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 17,678 0 0 0 17,685 0 0% --
Other Expenses 0 0 0 0 18,039 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 19,178 0 0 0 37,217 0 0 0 19,185 0 (48%) 0%
Net Cash Flow 853,660 8 0 0 853,660 8 884,237 884,237 853,985 8 0% 0%
Debt Service 675,007 6 0 0 675,006 6 676,856 676,856 676,856 6 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.28 / 1.26 1.28 / 1.26 1.28 / 1.26
DSCR (A,B) NOI/NCF 1.28 / 1.26 1.28 / 1.26 1.28 / 1.26
DSCR (A,B,C) NOI/NCF 1.28 / 1.26 1.28 / 1.26 1.28 / 1.26
Occupancy 100% 100% 100%

HD NFNY, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Home Depot 110,668.00 100.00 4.66 Loan Property Balance
P & I (Current) 687,952 687,952 12,000,000
Status: Performing
Reserves:
Replacement 0 0 0
Commissions
Repair 0 0 0
Total: 687,952 687,952
2008:
Income: Loan assumed on 5/16/2008. The new borrower reported 7 months rental Income. Hence normailsed the same to 12 months. NNN Lease. Single Tenant. Interest Only Loan.
Expense: Tenant is responsible for Real Estate Taxes. Property Insurance is paid directly by the Tenant, with the exception of $1,500 to be Reimbursed by the Landlord annually. Management fee adjsuted to
2% of EGI per UW.
2007:
Base:
8230 AGORA PARKWAY, SELMA, TX
05/12/2009 8:28:40 AM Page 132 Of 241
FORUM IV AT OLYMPIA
PARKWAY
Income
Base Rent 3,919,629 20 0 0 3,010,730 15 2,704,784 2,704,784 2,704,784 14 (10%) (31%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 4,522 0 41,326 41,326 41,326 0 814% --
Expenses
Janitorial 0 0 0 0 4,028 0 0 0 0 0 -- --
Management Fees 0 0 0 0 165,827 1 157,734 157,734 157,734 1 (5%) --
Other Expenses 0 0 0 0 200 0 78 78 78 0 (61%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 2,509,113 13 0 0 2,606,102 13 2,222,141 2,222,141 2,207,741 11 (15%) (12%)
Debt Service 2,157,622 11 0 0 1,782,538 9 1,787,422 1,787,422 1,787,422 9 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.21 / 1.16 1.52 / 1.46 1.29 / 1.24
DSCR (A,B) NOI/NCF 1.21 / 1.16 1.52 / 1.46 1.29 / 1.24
DSCR (A,B,C) NOI/NCF 1.21 / 1.16 1.52 / 1.46 1.29 / 1.24

ROSE-FORUM ASSOCIATES LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

HOBBY LOBBY STORES 55,000.00 28.13 7.25 04/30/2018 Loan Property Balance
BEALLS 24,937.00 12.75 8.75 01/31/2014 P & I (Current) 1,816,724 1,816,724 31,200,000
ENGLAND CUSTOM FURNITURE 12,500.00 6.39 0.00 12/31/2015 Tax 864,946 864,946 362,651
Reserves:
Status: Performing
Replacement 19,553 19,553 45,758
Total: 2,701,223 2,701,223
2008:
Expense: Real Estate Taxes adjusted as per Servicer Record. Property Insurance represents borrowers actual. Management Fees represents borrowers actual @ 4.0144% of EGI.
Capital Expense: Capital Expenditure and Tenant Improvements / Leasing Commision adjusted as per UW.
DSCR: YE-2008 NCF DSCR is 1.24x with an occupancy of 96.73%. Debt Service adjusted as per Servicer Record.
2007:
Expense: Real Estate Taxes / Property Insurance represents borrower's actual. Management Fees represents borrowers actual @4.020% of EGI. Donations adjusted out.
Capital Expense: Capital Expenditure and Tenant Improvements / Leasing Commissions adjusted per Underwriting.
Base:
05/12/2009 8:28:40 AM Page 133 Of 241

1800 BRUNING DR, LLC 1800 BRUNING DRIVE, ITASCA, IL
Manufacturing Facility 2/28/2007 - 12 mos 12/31/2007 - 12 mos 6/30/2008 - 6 mos
Income
Base Rent 14,484,022 72 0 0 1,418,248 7 730,398 730,398 730,398 4 (49%) (95%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 13,769 0 6,885 6,885 6,885 0 (50%) --
Effective Gross Income 14,484,022 72 0 0 1,638,518 8 785,859 785,859 831,906 4 (49%) (94%)
Expenses
Repairs and Maintenance 0 0 0 0 491 0 12 12 12 0 (98%) --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 81,926 0 37,762 37,762 37,762 0 (54%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Capital Items 1,472,340 7 0 0 95,348 0 0 0 47,674 0 (50%) (97%)
Net Cash Flow 12,662,494 63 0 0 1,250,507 6 696,194 696,194 651,196 3 (48%) (95%)
Debt Service 7,495,859 37 0 0 604,099 3 302,050 302,050 302,050 1 (50%) (96%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 5,166,635 26 0 0 646,408 3 394,144 394,144 349,147 2 (46%) (93%)
DSCR (A) NOI/NCF 1.89 / 1.69 2.23 / 2.07 2.31 / 2.16
DSCR (A,B) NOI/NCF 1.89 / 1.69 2.23 / 2.07 2.31 / 2.16
DSCR (A,B,C) NOI/NCF 1.89 / 1.69 2.23 / 2.07 2.31 / 2.16
Occupancy 100% 100% 100%

MB BP PORTFOLIO LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Oce usa Inc 202,000.00 100.00 7.23 06/30/2017 Loan Property Balance
P & I (Current) 6,231,761 604,099 104,770,697
Status: Performing
Total: 6,231,761 604,099
2008:
Income: NNN Lease. Single Tenant. Interest only Loan. RET / CAM prior year adjustement adjusted out.
Expense: Real Estate Taxes / Property Insurance represents Borrower actual. Management fees represents borowers actual @4.54% of EGI. RET Exp Prior Year Adjusted out.
Capital Expense: Capital Expenditure / Tenant improvements / Leasing commission adjusted per UW.
2007:
Income: NNN Lease. Interest only Loan. Ret prior year adjusments,CAM prior year adjustement adjusted out.
Expense: Real Estate Taxes / Property Insurance represents Borrower actual. Management fees adjusted to 5% of EGI.
Base:
05/12/2009 8:28:40 AM Page 134 Of 241

500 NORTH SHORE DRIVE 500 NORTH SHORE DRIVE, HARTLAND, WI
Industrial - mos 12/31/2007 - 12 mos 6/30/2008 - 6 mos
Income
Base Rent 0 0 0 0 727,451 5 369,049 369,049 369,049 3 (49%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 0 0 0 0 727,451 5 369,049 369,049 369,049 3 (49%) --
Expenses
Property Insurance 0 0 0 0 341 0 258 258 258 0 (25%) --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 36,373 0 14,085 14,085 14,085 0 (61%) --
General & Administrative Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 0 0 0 0 690,706 5 354,656 354,656 354,656 3 (49%) --
Tenant Improvements 0 0 0 0 44,143 0 0 0 22,072 0 (50%) --
Capital Expenditures 0 0 0 0 10,872 0 0 0 5,436 0 (50%) --
Total Capital Items 0 0 0 0 55,015 0 0 0 27,508 0 (50%) --
Net Cash Flow 0 0 0 0 635,691 5 354,656 354,656 327,149 2 (49%) --
Debt Service 0 0 0 0 348,560 3 174,280 174,280 174,280 1 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 0 0 0 0 287,130 2 180,376 180,376 152,868 1 (47%) --
DSCR (A) NOI/NCF 1.98 / 1.82 2.03 / 1.88
DSCR (A,B) NOI/NCF 1.98 / 1.82 2.03 / 1.88
DSCR (A,B,C) NOI/NCF 1.98 / 1.82 2.03 / 1.88
Occupancy 100% 100% 100%

Credit:

AMK holdings 134,210.00 100.00 6.22 08/25/2022 Loan Property Balance
P & I (Current) 6,231,761 348,561 104,770,697
Status: Performing
Total: 6,231,761 348,561
2008:
Income: NNN Lease. Single Tenant. Interest only Loan.
Expense: Property Insurance represents Borrower actual. Management fees represents borrower's actual @ 3.82% of EGI.
2007:
Income: NNN Lease. Interest only Loan.
Expense: Property Insurance represents Borrower actual. Management fees adjusted to 5% of EGI.
125,135 AND 145 E. ARMY 125,135 AND 145 E ARMY TRAIL ROAD, GLENDALE HEIGHTS, IL
TRAIL ROAD
05/12/2009 8:28:40 AM Page 135 Of 241

Anchored Shopping Center - mos 12/31/2007 - 12 mos 6/30/2008 - 6 mos
Income
Base Rent 0 0 0 0 706,285 17 327,710 327,710 327,710 8 (54%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 2,327 0 939 939 939 0 (60%) --
Expenses
Janitorial 0 0 0 0 8,697 0 3,080 3,080 3,080 0 (65%) --
Management Fees 0 0 0 0 34,421 1 23,611 23,611 23,611 1 (31%) --
Advertising & Marketing 0 0 0 0 155 0 823 823 823 0 431% --
General & Administrative Expenses 0 0 0 0 875 0 0 0 0 0 (100%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 627,652 15 326,033 326,033 273,637 7 (56%) --
Debt Service 0 0 0 0 279,834 7 139,917 139,917 139,917 3 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.40 / 2.24 2.11 / 1.96
DSCR (A,B) NOI/NCF 2.40 / 2.24 2.11 / 1.96
DSCR (A,B,C) NOI/NCF 2.40 / 2.24 2.11 / 1.96
Occupancy 100% 100% 100%

Credit:

Sportman 42,000.00 100.00 10.05 01/31/2015 Loan Property Balance
cardinal fitness 10,000.00 23.81 13.50 12/31/2016 P & I (Current) 6,231,761 279,834 104,770,697
Ulta 3 # 17 8,820.00 21.00 15.57 03/31/2009
Total: 6,231,761 279,834
Status: Performing
2008:
Income: NNN Lease. Interest only loan. RET / CAM prior year adj adjusted out.
Expense: Real Estate taxes / Property Insurance represents Borrower actual. Management fees represents borrower's actual @4.98% of EGI. RET Prior Year Adjusted out.
Capital Expense: Capital expenditure / Tenant Improvement / Leasing commission adjusted per UW.
2007:
Income: NNN Lease. Interest only loan. Ret PY adjustments, CAM prior year adj adjusted out.
Expense: Real Estate taxes / Property Insurance represents Borrower actual. Management fees represents Borrower actual @ 3.541% of EGI.
05/12/2009 8:28:40 AM Page 136 Of 241

21875 DORAL ROAD 21875 DORAL ROAD, WAUKESHA, WI
Manufacturing Facility - mos 12/31/2007 - 12 mos 6/30/2008 - 6 mos
Income
Base Rent 0 0 0 0 192,763 4 97,499 97,499 97,499 2 (49%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 8,674 0 4,387 4,387 4,387 0 (49%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 170,372 4 92,635 92,635 86,230 2 (49%) --
Debt Service 0 0 0 0 81,160 2 40,580 40,580 40,580 1 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.26 / 2.10 2.28 / 2.12
DSCR (A,B) NOI/NCF 2.26 / 2.10 2.28 / 2.12
DSCR (A,B,C) NOI/NCF 2.26 / 2.10 2.28 / 2.12
Occupancy 100% 100% 100%

Credit:

AMK holdings 43,500.00 100.12 4.56 05/31/2018 Loan Property Balance
P & I (Current) 6,231,761 81,160 104,770,697
Status: Performing
Total: 6,231,761 81,160
2008:
Expense: Property Insurance represents Borrower actual. Management fees represents borrowers actual @ 4.50% of EGI.
2007:
Expense: Property Insurance represents Borrower actual. Management fees represents borrowers actual @ 4.49% of EGI.
05/12/2009 8:28:40 AM Page 137 Of 241

101 CIVIC CENTER DRIVE 101 CIVIC CENTER DRIVE, SANTEE, CA
Suburban Office - mos 12/31/2007 - 12 mos 6/30/2008 - 6 mos
Income
Base Rent 0 0 0 0 1,678,868 22 839,434 839,434 839,434 11 (50%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 0 0 1,166,848 15 769,283 769,283 635,940 8 (45%) --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 0 0 0 0 2,845,716 37 1,608,718 1,608,718 1,475,375 19 (48%) --
Expenses
Janitorial 0 0 0 0 93,422 1 43,561 43,561 43,561 1 (53%) --
Management Fees 0 0 0 0 131,280 2 64,763 64,763 64,763 1 (51%) --
General & Administrative Expenses 0 0 0 0 160,578 2 74,319 74,319 74,319 1 (54%) --
Other Expenses 0 0 0 0 0 0 23 23 23 0 -- --
Ground Rent 0 0 0 0 204,348 3 119,203 119,203 119,203 2 (42%) --
Total Operating Expenses 0 0 0 0 1,501,948 20 834,409 834,409 733,715 10 (51%) --
Net Operating Income 0 0 0 0 1,343,769 17 774,308 774,308 741,659 10 (45%) --
Net Cash Flow 0 0 0 0 1,230,899 16 774,308 774,308 685,225 9 (44%) --
Debt Service 0 0 0 0 715,110 9 357,555 357,555 357,555 5 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.88 / 1.72 2.07 / 1.92
DSCR (A,B) NOI/NCF 1.88 / 1.72 2.07 / 1.92
DSCR (A,B,C) NOI/NCF 1.88 / 1.72 2.07 / 1.92
Occupancy 100% 100% 100%

Credit:

Hartford fire ins co 76,977.00 99.97 21.81 10/31/2010 Loan Property Balance
P & I (Current) 6,231,761 715,110 104,770,697
Status: Performing
Total: 6,231,761 715,110
2008:
Income: NNN Lease. Interest only loan. RET PY adjustement / CAM prior year adj adjusted out.
Expense: Real Estate Taxes / Property Insurance represents Borrower actual. Management fees represents borrower's actual @ 4.39% of EGI. RET Prior Year adjusted out.
Capital Expense: Capital Expenditure / Tenant Improvements / Leasing commission adjusted per UW.
2007:
Income: NNN Lease. Interest only loan. CAM prior year adj adjusted out.
Expense: Real Estate Taxes / Property Insurance represents Borrower actual. Management fees represents borrowers actual @4.613% of EGI.
05/12/2009 8:28:40 AM Page 138 Of 241

1575 LEXINGTON DRIVE 1575 LEXINGTON DRIVE, ATHENS, GA
Anchored Shopping Center - mos 12/31/2007 - 12 mos 6/30/2008 - 6 mos
Income
Base Rent 0 0 0 0 715,788 14 356,196 356,196 356,196 7 (50%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Property Insurance 0 0 0 0 1,679 0 924 924 924 0 (45%) --
Repairs and Maintenance 0 0 0 0 5,133 0 834 834 834 0 (84%) --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 38,038 1 20,181 20,181 20,181 0 (47%) --
Other Expenses 0 0 0 0 172 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 610,760 12 326,787 326,787 301,187 6 (51%) --
Debt Service 0 0 0 0 324,392 6 162,196 162,196 162,196 3 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.04 / 1.88 2.01 / 1.86
DSCR (A,B) NOI/NCF 2.04 / 1.88 2.01 / 1.86
DSCR (A,B,C) NOI/NCF 2.04 / 1.88 2.01 / 1.86
Occupancy 100% 100% 100%

Credit:

eastwynn theatres 46,000.00 86.81 16.56 06/30/2023 Loan Property Balance
P & I (Current) 6,231,761 324,392 104,770,697
Status: Performing
Total: 6,231,761 324,392
2008:
Income: NNN Lease. Interest only loan.
Expense: Real Estate taxes / Property Insurance represents Borrower actual. Management represents borrower's actual @ 4.90% of EGI.
2007:
05/12/2009 8:28:40 AM Page 139 Of 241

315 KIRK ROAD 315 KIRK ROAD, ST CHARLES, IL
Income
Base Rent 0 0 0 0 1,097,976 4 548,988 548,988 548,988 2 (50%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 0 0 0 0 1,353,910 4 646,480 646,480 646,480 2 (52%) --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 60,014 0 24,704 24,704 24,704 0 (59%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 955,237 3 472,209 472,209 435,301 1 (54%) --
Debt Service 0 0 0 0 467,680 2 233,840 233,840 233,840 1 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.20 / 2.04 2.02 / 1.86
DSCR (A,B) NOI/NCF 2.20 / 2.04 2.02 / 1.86
DSCR (A,B,C) NOI/NCF 2.20 / 2.04 2.02 / 1.86
Occupancy 100% 100% 100%

Credit:

Dopaco inc 299,176.00 96.54 3.67 12/31/2015 Loan Property Balance
P & I (Current) 6,231,761 467,680 104,770,697
Status: Performing
Total: 6,231,761 467,680
2008:
Expense: Real Estate Taxes / Property Insurance represents Borrower actual. Management fees represents Borrower actual @ 3.82% of EGI.
2007:
Income: NNN Lease. Interest only Loan. RET Py adjustments adjusted out.
05/12/2009 8:28:40 AM Page 140 Of 241

629 NEWTOWN ROAD 629 NEWTOWN ROAD, VIRGINIA BEACH, VA
Unanchored Retail - mos 12/31/2007 - 12 mos 6/30/2008 - 6 mos
Income
Base Rent 0 0 0 0 139,513 19 46,504 46,504 46,504 6 (67%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Repairs and Maintenance 0 0 0 0 8 0 12,255 12,255 190 0 2157% --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 6,548 1 1,468 1,468 1,468 0 (78%) --
Other Expenses 0 0 0 0 0 0 24,113 24,113 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Capital Expenditures 0 0 0 0 1,795 0 0 0 898 0 (50%) --
Net Cash Flow 0 0 0 0 122,222 16 6,796 6,796 38,431 5 (69%) --
Debt Service 0 0 0 0 57,565 8 28,782 28,782 28,782 4 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 0 0 0 0 64,657 9 (21,987) (21,987) 9,648 1 (85%) --
DSCR (A) NOI/NCF 2.28 / 2.12 1.49 / 1.34
DSCR (A,B) NOI/NCF 2.28 / 2.12 1.49 / 1.34
DSCR (A,B,C) NOI/NCF 2.28 / 2.12 1.49 / 1.34

Credit:

P & I (Current) 6,231,761 57,565 104,770,697
Status: Performing
Total: 6,231,761 57,565
2008:
Expense: Real Estate taxes / Property Insurance represents Borrower actual. Management fees represents Borrower actual @ 2.88% of EGI. Huge Non rec repairs & maintenance / Bad debts expenses
adjusted out.
2007:
05/12/2009 8:28:40 AM Page 141 Of 241

300 10TH STREET SW 300 10TH STREET SW, CLARION, IA
Income
Base Rent 0 0 0 0 442,881 3 227,786 227,786 227,786 2 (49%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 26,318 0 12,371 12,371 12,371 0 (53%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 390,926 3 222,644 222,644 200,477 2 (49%) --
Debt Service 0 0 0 0 188,644 1 94,322 94,322 94,322 1 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.23 / 2.07 2.28 / 2.13
DSCR (A,B) NOI/NCF 2.23 / 2.07 2.28 / 2.13
DSCR (A,B,C) NOI/NCF 2.23 / 2.07 2.28 / 2.13
Occupancy 100% 100% 100%

Credit:

Electronic Data Systems Corporation 126,900.00 100.00 3.59 12/31/2009 Loan Property Balance
P & I (Current) 6,231,761 188,644 104,770,697
Status: Performing
Total: 6,231,761 188,644
2008:
Income: NNN Lease. Single Tenant. Interest only Loan. RET prior year adjusments,CAM prior year adjustement adjusted out.
Expense: Real Estate Taxes / Property Insurance represents Borrower actual. Management fee represents borrower's actual @ 4.29% of EGI. RET prior year adjusted out.
2007:
Income: NNN Lease. Interest only Loan. CAM prior year adj adjusted out.
Expense: Real Estate Taxes / Property Insurance represents Borrower actual. Management fees represents borrowers actual @ 4.64% of EGI.
05/12/2009 8:28:40 AM Page 142 Of 241

725 REGIONAL ROAD N 725 REGIONAL ROAD N, GREENSBORO, NC
Income
Base Rent 0 0 0 0 1,240,164 11 621,118 621,118 621,118 5 (50%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 0 0 22,820 0 (10,838) (10,838) 1,418 0 (94%) --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 3,300 0 0 0 0 0 -- --
Management Fees 0 0 0 0 57,020 1 23,358 23,358 23,358 0 (59%) --
Other Expenses 0 0 0 0 596 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 1,118,328 10 583,541 583,541 555,058 5 (50%) --
Debt Service 0 0 0 0 516,220 5 258,110 258,110 258,110 2 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.32 / 2.17 2.31 / 2.15
DSCR (A,B) NOI/NCF 2.32 / 2.17 2.31 / 2.15
DSCR (A,B,C) NOI/NCF 2.32 / 2.17 2.31 / 2.15
Occupancy 100% 100% 100%

Credit:

EDS info ser LLC 113,526.00 100.00 10.68 08/31/2008 Loan Property Balance
P & I (Current) 6,231,761 516,219 104,770,697
Status: Performing
Total: 6,231,761 516,219
2008:
Income: NNN Lease. Interest only loan. CAM PY adjustements adjusted out.
Expense: Property Insurance represents borrowers actual. Management fees represents Borrower actual @ 3.75% of EGI.
Capital Expense: Capital expenditure / Tenant Improvements / Leasing commission adjusted per UW.
2007:
Income: NNN Lease. Interest only loan
Expense: Negative Property Insurance adjusted out. Management fees represents Borrower actual @ 4.51% of EGI.
Capital Expense: Capital expenditure / Tenant Improvements / Leasing commission adjusted per UW.
05/12/2009 8:28:40 AM Page 143 Of 241

4500 WESTPORT DRIVE 4500 WESTPORT DRIVE, MECHANICSBURG, PA
Income
Base Rent 0 0 0 0 566,162 3 284,867 284,867 284,867 2 (50%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 11,661 11,661 11,661 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 29,533 0 25,676 25,676 25,676 0 (13%) --
General & Administrative Expenses 0 0 0 0 1,275 0 767 767 767 0 (40%) --
Other Expenses 0 0 0 0 0 0 11,661 11,661 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 528,308 3 321,390 321,390 277,188 2 (48%) --
Debt Service 0 0 0 0 239,634 1 119,817 119,817 119,817 1 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.36 / 2.20 2.47 / 2.31
DSCR (A,B) NOI/NCF 2.36 / 2.20 2.47 / 2.31
DSCR (A,B,C) NOI/NCF 2.36 / 2.20 2.47 / 2.31
Occupancy 100% 100% 100%

Credit:

FMC corp 178,600.00 100.00 3.19 06/30/2014 Loan Property Balance
P & I (Current) 6,231,761 239,634 104,770,697
Status: Performing
Total: 6,231,761 239,634
2008:
Income: Interest only Loan. REY prior year / CAM prior year adj adjusted out.
Expense: Real Estate Taxes / Property Insurance represents Borrower actual. Management fees represents Borrower actual @ 3.52% of EGI. Bad debt adjusted out.
2007:
Income: Interest only Loan. CAM prior year adj adjusted out.
05/12/2009 8:28:40 AM Page 144 Of 241

1114 SEACO AVE 1114 SEACO AVE, DEER PARK, TX
Flex/R&D - mos 12/31/2007 - 12 mos 6/30/2008 - 6 mos
Income
Base Rent 0 0 0 0 414,012 18 207,006 207,006 207,006 9 (50%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 18,859 1 9,254 9,254 9,254 0 (51%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 362,289 16 197,167 197,167 183,785 8 (49%) --
Debt Service 0 0 0 0 176,348 8 88,174 88,174 88,174 4 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.21 / 2.05 2.24 / 2.08
DSCR (A,B) NOI/NCF 2.21 / 2.05 2.24 / 2.08
DSCR (A,B,C) NOI/NCF 2.21 / 2.05 2.24 / 2.08
Occupancy 100% 100% 100%

Credit:

Intertek testing ser 23,218.00 100.00 17.83 08/31/2014 Loan Property Balance
P & I (Current) 6,231,761 176,347 104,770,697
Status: Performing
Total: 6,231,761 176,347
2008:
Income: NNN Lease. Interest only loan. CAM prior year adjustement adjusted out.
Expense: Property Insurance represents Borrower actual. Management fees represents Borrower actual @ 4.26% of EGI.
Capital Expense: Capital Expenditure / Tenant Improvement / Leasing commission adjusted per UW.
2007:
Income: NNN Lease. Interest only loan. CAM prior year adjustement adjusted out.
Expense: Property Insurance represents Borrower actual. Management fees represents Borrower actual @ 4.53% of EGI.
Capital Expense: Capital Expenditure / Tenant Improvement / Leasing commission adjusted per UW.
05/12/2009 8:28:40 AM Page 145 Of 241

8900 LAKES AT 610 DRIVE 8900 LAKES AT 610 DRIVE, HOUSTON, TX
Income
Base Rent 0 0 0 0 1,255,034 11 627,516 627,516 627,516 5 (50%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 70,300 1 43,553 43,553 40,638 0 (42%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 1,072,576 9 527,700 527,700 501,938 4 (53%) --
Debt Service 0 0 0 0 534,578 4 267,289 267,289 267,289 2 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.16 / 2.01 2.04 / 1.88
DSCR (A,B) NOI/NCF 2.16 / 2.01 2.04 / 1.88
DSCR (A,B,C) NOI/NCF 2.16 / 2.01 2.04 / 1.88
Occupancy 100% 100% 100%

Credit:

Kelsey seybold clinic 119,527.00 100.00 10.50 01/12/2010 Loan Property Balance
P & I (Current) 6,231,761 534,578 104,770,697
Status: Performing
Total: 6,231,761 534,578
2008:
Income: NNN Lease. Interest only loan. CAM Prior Year adjusted out.
Expense: Real Estate Taxes / Property Insurance represents Borrower actual. Management fees adjusted to 5% of EGI.
2007:
Income: NNN Lease. Interest only loan. CAM prior year adjustment adjusted out.
Expense: Real Estate Taxes / Property Insurance represents Borrower actual. Management fees represents borrowers actual @ 4.34% of EGI.
05/12/2009 8:28:40 AM Page 146 Of 241

BAYMEADOW HOLDINGS LLC 6752 BAYMEADOW DRIVE, GLEN BURNIE, MD
Income
Base Rent 0 0 0 0 1,930,465 16 989,363 989,363 989,363 8 (49%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 94,404 1 44,521 44,521 44,521 0 (53%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 1,699,826 14 941,308 941,308 876,416 7 (48%) --
Debt Service 0 0 0 0 822,277 7 411,139 411,139 411,139 3 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.23 / 2.07 2.29 / 2.13
DSCR (A,B) NOI/NCF 2.23 / 2.07 2.29 / 2.13
DSCR (A,B,C) NOI/NCF 2.23 / 2.07 2.29 / 2.13
Occupancy 100% 100% 100%

Credit:

Millennium inorganic 120,000.00 100.00 16.49 12/31/2021 Loan Property Balance
P & I (Current) 6,231,761 822,277 104,770,697
Status: Performing
Total: 6,231,761 822,277
2008:
Expense: Property insurance represents borrowers actual. Management fees represents borrowers actual 4.50% of EGI.
2007:
Expense: Property Insurance represents Borrower actual. Management fees represents borrowers actual 4.89% of EGI.
05/12/2009 8:28:40 AM Page 147 Of 241

COMMONS DRIVE LP 3901 LIBERTY STREET, AURORA, IL
Income
Base Rent 0 0 0 0 650,881 11 333,279 333,279 333,279 6 (49%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 1,032 0 2,178 2,178 2,178 0 111% --
Expenses
Repairs and Maintenance 0 0 0 0 2,969 0 0 0 0 0 -- --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 32,913 1 16,096 16,096 16,096 0 (51%) --
Other Expenses 0 0 0 0 0 0 124,592 124,592 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 587,539 10 195,135 195,135 300,989 5 (49%) --
Debt Service 0 0 0 0 217,851 4 108,925 108,925 108,925 2 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.85 / 2.70 2.92 / 2.76
DSCR (A,B) NOI/NCF 2.85 / 2.70 2.92 / 2.76
DSCR (A,B,C) NOI/NCF 2.85 / 2.70 2.92 / 2.76
Occupancy 100% 100% 50%

Credit:

BRK brands inc 30,000.00 49.98 12.39 06/30/2010 Loan Property Balance
P & I (Current) 6,231,761 217,850 104,770,697
Status: Performing
Total: 6,231,761 217,850
2008:
Income: NNN Lease. Interest only loan. CAM PY adjusments adjusted out.
Expense: Real Estate Taxes / Property Insurance represents Borrower actual. Management fees represents Borrower actual @ 3.97% of EGI. Bad debts expenses.
2007:
Income: NNN Lease. Interest only loan. Ret Py adjusments adjusted out.
05/12/2009 8:28:40 AM Page 148 Of 241

INDUSTRIAL DRIVE LLC 301 INDUSTRIAL DRIVE, HORICON, WI
Income
Base Rent 0 0 0 0 573,081 4 286,541 286,541 286,541 2 (50%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 23,640 0 12,894 12,894 12,894 0 (45%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 512,182 4 272,319 272,319 254,910 2 (50%) --
Debt Service 0 0 0 0 220,588 2 110,294 110,294 110,294 1 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.48 / 2.32 2.47 / 2.31
DSCR (A,B) NOI/NCF 2.48 / 2.32 2.47 / 2.31
DSCR (A,B,C) NOI/NCF 2.48 / 2.32 2.47 / 2.31
Occupancy 100% 100% 100%

Credit:

Metals USA realty co 139,000.00 100.00 4.12 01/31/2021 Loan Property Balance
P & I (Current) 6,231,761 220,588 104,770,697
Status: Performing
Total: 6,231,761 220,588
2008:
Expense: Property Insurance represents Borrower actual. Management fees represent Borrower actual @ 4.50% of EGI.
2007:
Expense: Property Insurance represents Borrower actual. Management fees represent Borrower actual @ 4.124% of EGI.
05/12/2009 8:28:40 AM Page 149 Of 241

55TH STREET INVESTMENTS 9625 55TH STREET, KENOSHA, WI
LLC
Income
Gross Potential Rent 0 0 0 0 564,173 3 0 0 0 0 -- --
Base Rent 0 0 0 0 0 0 222,097 222,097 222,097 1 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 26,020 0 10,044 10,044 10,044 0 (61%) --
Professional Fees 0 0 0 0 3,050 0 (1,475) (1,475) 0 0 (100%) --
Other Expenses 0 0 0 0 1,500 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 419,385 2 213,193 213,193 177,213 1 (58%) --
Debt Service 0 0 0 0 437,222 2 218,611 218,611 218,611 1 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 0 0 0 0 (17,837) 0 (5,418) (5,418) (41,398) 0 132% --
DSCR (A) NOI/NCF 1.12 / 0.96 0.97 / 0.81
DSCR (A,B) NOI/NCF 1.12 / 0.96 0.97 / 0.81
DSCR (A,B,C) NOI/NCF 1.12 / 0.96 0.97 / 0.81
Occupancy 100% 100% 100%

Credit:

IEA Inc 175,052.00 100.00 2.58 01/31/2013 Loan Property Balance
P & I (Current) 6,231,761 437,222 104,770,697
Status: Performing
Total: 6,231,761 437,222
2008:
Expense: Property Insurance represents borrowers actual. Management Fees represents borrowers actual @ 4.52% of EGI. Negative Professional fee adjusted out.
Capital Expense: Tenant Improvement / Leasing Commission / Capital Expenditure adjusted per Underwriting
DSCR: Debt Service adjusted per Servicer Record. Low DSCR due to Low Rental Income.
2007:
Income: NNN Lease. Interest only Loan. Huge Termination fee adjusted out.
Expense: Property Insurance represents Borrower actual. Management fees adjusted to 5% of EGI.
DSCR: Debt service adjusted per servicer record. Low DSCR due to low rental income.
UNITED SOLAR OVONIC 2705 COMMERCE PARKWAY, AUBURN HILLS, MI
05/12/2009 8:28:40 AM Page 150 Of 241

Income
Base Rent 1,535,960 9 0 0 1,523,957 9 1,513,600 1,513,600 1,513,600 9 (1%) (1%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 666 666 666 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 66,462 0 60,544 60,544 60,571 0 (9%) --
Other Expenses 0 0 0 0 55 0 0 0 0 0 (100%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Tenant Improvements 66,389 0 0 0 66,389 0 0 0 0 0 -- --
Net Cash Flow 1,390,933 8 0 0 1,369,762 8 1,444,180 1,444,180 1,360,563 8 (1%) (2%)
Debt Service 1,099,159 6 0 0 919,925 5 922,445 922,445 922,445 5 0% (16%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.34 / 1.27 1.58 / 1.49 1.57 / 1.47
DSCR (A,B) NOI/NCF 1.34 / 1.27 1.58 / 1.49 1.57 / 1.47
DSCR (A,B,C) NOI/NCF 1.34 / 1.27 1.58 / 1.49 1.57 / 1.47
Occupancy 100% 100% 100%

COLUMBUS-AUBURN HILLS, LLC ET AL Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

United Solar Ovonic 172,000.00 100.00 9.60 12/31/2016 Loan Property Balance
P & I (Current) 937,567 937,567 15,555,000
Status: Performing
Reserves:
Replacement 5,160 5,160 11,642
Commissions
Total: 942,727 942,727
2008:
Income: Interest Only Loan. NNN Lease. Single Tenant.
Expense: Tenant is responsible for all Taxes, Insurance and other expenses. Property Insurance represents Borrower actual. Management Fees adjusted to 4% of EGI per UW.
DSCR: Debt service adjusted as per Servicer record.
2007:
Expense: Tenant is responsible for all Taxes, Insurance and other expenses. Property Insurance represents Borrower actual. Management Fees represents borrower's actuals @ 4.361% of EGI.
Base:
05/12/2009 8:28:40 AM Page 151 Of 241

PROPERTY RELEASED 9201 FAULKNER LAKE ROAD, NORTH LITTLE ROCK, AR
Income
Base Rent 0 0 0 0 3,473,961 5 2,738,556 2,738,556 2,738,556 4 (21%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Property Insurance 0 0 0 0 10,712 0 (2,806) (2,806) 8,034 0 (25%) --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 142,904 0 122,967 122,967 122,967 0 (14%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 0 0 0 0 3,319,729 5 2,615,711 2,615,711 2,604,871 4 (22%) --
Net Cash Flow 0 0 0 0 2,983,639 4 2,615,711 2,615,711 2,352,803 3 (21%) --
Debt Service 0 0 0 0 1,513,738 2 1,135,305 1,135,305 1,135,305 2 (25%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 0 0 0 0 1,469,901 2 1,480,407 1,480,407 1,217,499 2 (17%) --
DSCR (A) NOI/NCF 2.19 / 1.97 2.29 / 2.07
DSCR (A,B) NOI/NCF 2.19 / 1.97 2.29 / 2.07
DSCR (A,B,C) NOI/NCF 2.19 / 1.97 2.29 / 2.07
Occupancy 100% 100% 100%

Credit:

Deluxe Media Services, llc 712,000.00 100.00 5.13 12/31/2021 Loan Property Balance
P & I (Current) 3,060,818 0 51,836,100
Status: Performing
Total: 3,060,818 0
2008: For the Property # 7- Property Name - MOUNT ZION ROAD the occupancy and tenant information is updated from the Annexure as current rent roll for this property is not provided.--Shilpa-
12/9/2008
Expense: Property Insurance adjusted per YE 07 figures. Management Fees represents borrowers actual @ 4.49019% of EGI.
2007:
Expense: Property Insurance represents borrowers actual. Management Fees represents borrowers actual @ 4.1135735% of EGI.
05/12/2009 8:28:40 AM Page 152 Of 241

TRI-STATE HOLDINGS LLC 321 FOSTER AVENUE, WOOD DALE, IL
Income
Base Rent 0 0 0 0 668,750 5 767,530 767,530 767,530 6 15% --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 6,516 0 7,108 7,108 7,108 0 9% --
Effective Gross Income 0 0 0 0 675,437 5 774,638 774,638 774,638 6 15% --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 30,395 0 34,429 34,429 34,429 0 13% --
Other Expenses 0 0 0 0 0 0 3 3 3 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 0 0 0 0 644,171 5 740,143 740,143 740,143 5 15% --
Tenant Improvements 0 0 0 0 49,001 0 0 0 72,092 1 47% --
Capital Expenditures 0 0 0 0 15,177 0 0 0 22,329 0 47% --
Total Capital Items 0 0 0 0 64,178 0 0 0 94,421 1 47% --
Net Cash Flow 0 0 0 0 579,994 4 740,143 740,143 645,722 5 11% --
Debt Service 0 0 0 0 289,054 2 425,270 425,270 425,270 3 47% --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.23 / 2.01 1.74 / 1.52
DSCR (A,B) NOI/NCF 2.23 / 2.01 1.74 / 1.52
DSCR (A,B,C) NOI/NCF 2.23 / 2.01 1.74 / 1.52
Occupancy 100% 100% 100%

Credit:

Entegra Fastener Corporation 137,607.00 100.00 5.17 01/31/2022 Loan Property Balance
P & I (Current) 3,060,818 275,432 51,836,100
Status: Performing
Total: 3,060,818 275,432
2008:
Expense: Management Fee represents Borrower actual @4.44% of EGI.
Capital Expense: Capital Expenditure and Tenant Improvements/Leasing Commissions adjusted per Underwriting. +47% Variance in Total Capital Items is due to the change in the Allocated Loan
Percentage as of 12/31/07 and Allocated Loan Percentage as of 12/31/08. The total capital items which was shared between seven (7) properties earlier is now shared between six (6)
properties because of release of one of the properties kept as collateral with the Lender.
DSCR: Debt Service adjusted per Servicer record. -22% & -24% Variance in DSCR @ NOI and NCF is due to increase in Debt Service payment by $136,216.00 (+47%), as compared to 12/31/07. This
increase is due to the release of one of the properties kept as collateral with the Lender. As a result, the Debt Service payment which was shared between seven (7) properties earlier is now shared
between six (6) properties with revised Current Allocated Loan Percentages.
2007:
Expense: Management Fees represents borrowers actual @ 4.5% of EGI.
05/12/2009 8:28:40 AM Page 153 Of 241

TRI-STATE HOLDINGS, LLC 7300 AIRPORT BLVD, HOUSTON, TX
Income
Base Rent 0 0 0 0 913,510 4 1,048,444 1,048,444 1,048,444 5 15% --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 8,900 0 9,709 9,709 9,709 0 9% --
Effective Gross Income 0 0 0 0 922,645 4 1,058,153 1,058,153 1,058,153 5 15% --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 41,519 0 47,030 47,030 47,030 0 13% --
Other Expenses 0 0 0 0 0 0 624 624 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 0 0 0 0 880,735 4 1,010,423 1,010,423 1,011,047 5 15% --
Net Cash Flow 0 0 0 0 793,068 4 1,010,423 1,010,423 882,068 4 11% --
Debt Service 0 0 0 0 394,847 2 580,918 580,918 580,918 3 47% --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.23 / 2.01 1.74 / 1.52
DSCR (A,B) NOI/NCF 2.23 / 2.01 1.74 / 1.52
DSCR (A,B,C) NOI/NCF 2.23 / 2.01 1.74 / 1.52
Occupancy 100% 100% 100%

Credit:

Lamons Metal Gasket Co 223,599.00 100.00 4.34 01/31/2022 Loan Property Balance
P & I (Current) 3,060,818 376,240 51,836,100
Status: Performing
Total: 3,060,818 376,240
2008:
Expense: Management Fee represents Borrower actual @4.44% of EGI. NonRec Disaster adjusted out.
2007:
05/12/2009 8:28:40 AM Page 154 Of 241

TRI-STATE HOLDINGS, LLC 1050 INDIANHEAD DRIVE, MOSINEE, WI
Income
Base Rent 0 0 0 0 621,421 3 713,210 713,210 713,210 4 15% --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 6,054 0 6,605 6,605 6,605 0 9% --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 28,244 0 31,992 31,992 31,992 0 13% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 539,386 3 687,773 687,773 600,034 3 11% --
Debt Service 0 0 0 0 268,598 1 395,173 395,173 395,173 2 47% --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.23 / 2.01 1.74 / 1.52
DSCR (A,B) NOI/NCF 2.23 / 2.01 1.74 / 1.52
DSCR (A,B,C) NOI/NCF 2.23 / 2.01 1.74 / 1.52
Occupancy 100% 100% 100%

Credit:

Cequent Trailer Products, Inc 193,200.00 100.00 3.42 01/31/2022 Loan Property Balance
P & I (Current) 3,060,818 255,940 51,836,100
Status: Performing
Total: 3,060,818 255,940
2008:
Expense: Management Fee represents Borrower actual @4.44% of EGI.
2007:
3900 KINROSS LAKES PARKWAY, RICHFIELD, OH
05/12/2009 8:28:40 AM Page 155 Of 241

KINROSS LAKES VENTURE,
LLC
Income
Base Rent 0 0 0 0 1,439,368 17 1,230,071 1,230,071 1,230,071 14 (15%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 244,983 3 0 0 0 0 -- --
Expenses
Repairs and Maintenance 0 0 0 0 32 0 151 151 151 0 371% --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 65,921 1 66,808 66,808 61,748 1 (6%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 0 0 0 0 1,618,003 19 1,166,779 1,166,779 1,168,108 14 (28%) --
Net Cash Flow 0 0 0 0 1,479,518 17 1,166,779 1,166,779 964,363 11 (35%) --
Debt Service 0 0 0 0 623,733 7 917,665 917,665 917,665 11 47% --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.59 / 2.37 1.27 / 1.05
DSCR (A,B) NOI/NCF 2.59 / 2.37 1.27 / 1.05
DSCR (A,B,C) NOI/NCF 2.59 / 2.37 1.27 / 1.05
Occupancy 100% 100% 100%

Credit:

Snap-On Business Solutions, Inc 86,000.00 100.92 17.15 05/31/2009 Loan Property Balance
P & I (Current) 3,060,818 594,339 51,836,100
Status: Performing
Total: 3,060,818 594,339
2008:
Income: Interest Only Loan. NNN Lease. Single Tenant. CAM PY Adjustments adjusted out. -51% & -56% Variance in DSCR @ NOI & NCF and -27% Variance in Effective Gross Income is due to decrease
in Other Income by $244,983.29 (-100%) and Base Rent by $209,296.00 (-15%), together accounting for a decrease in EGI by $454,280.00 (-27%), as compared to 12/31/07. The decrease in EGI
when aggregated with the increase in Total Capital Items by $65,261.00 (+47%) is accounting for a decrease in Net Cash Flow by $515,155.00 (-35%). The decrease in Net cash Flow when
aggregated with the increase in Debt Service payment by $293,933.00 (+47%) is accounting for a decrease in Net Cash Flow after Debt Service by $809,088.00 (-95%).
Expense: Property Insurance represents Borrower actual. Management Fee adjusted to 5% of EGI.
The increase in Debt Service payment by $293,933.00 (+47%) as compared to 12/31/07 is due to the release of one of the properties kept as collateral with the Lender. As a result, the Debt Service
payment which was shared between seven (7) properties earlier is now shared between six (6) properties with revised Current Allocated Loan Percentages.
2007:
Capital Expense: Capital Expenditures and Tenant Improvements / Leasing commissions adjusted per UW.
05/12/2009 8:28:40 AM Page 156 Of 241

OTTAWA BRADLEY, LLC 421 EAST STEVENSON ROAD, OTTAWA, IL
Income
Base Rent 0 0 0 0 251,459 7 259,121 259,121 259,121 7 3% --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 11,316 0 11,660 11,660 11,660 0 3% --
Other Expenses 0 0 0 0 0 0 3 3 3 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 214,665 6 245,636 245,636 209,844 5 (2%) --
Debt Service 0 0 0 0 109,570 3 161,205 161,205 161,205 4 47% --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 2.18 / 1.96 1.52 / 1.30
DSCR (A,B) NOI/NCF 2.18 / 1.96 1.52 / 1.30
DSCR (A,B,C) NOI/NCF 2.18 / 1.96 1.52 / 1.30
Occupancy 100% 100% 100%

Credit:

The Reliable Corporation 38,285.00 100.00 6.77 10/31/2012 Loan Property Balance
P & I (Current) 3,060,818 104,407 51,836,100
Status: Performing
Total: 3,060,818 104,407
2008:
Expense: Property Insurance represents Borrower actual. Management Fee represents Borrower actual @4.50% of EGI.
2007:
05/12/2009 8:28:40 AM Page 157 Of 241

MT ZION ROAD, LLC 135 S MOUNT ZION ROAD, BLDG #577, LEBANON, IN
Income
Base Rent 10,896,116 10 0 0 3,276,367 3 3,665,100 3,665,100 3,665,100 3 12% (66%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 467 0 758 758 758 0 62% --
Management Fees 0 0 0 0 172,875 0 178,051 178,051 178,051 0 3% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Capital Expenditures 248,134 0 0 0 80,143 0 0 0 117,910 0 47% (52%)
Total Capital Items 1,049,281 1 0 0 338,899 0 0 0 498,604 0 47% (52%)
Net Cash Flow 9,737,874 9 0 0 2,803,539 3 3,695,711 3,695,711 3,166,436 3 13% (67%)
Debt Service 4,630,722 4 0 0 1,526,392 1 2,245,700 2,245,700 2,245,700 2 47% (52%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 5,107,152 5 0 0 1,277,147 1 1,450,011 1,450,011 920,736 1 (28%) (82%)
DSCR (A) NOI/NCF 2.33 / 2.10 2.06 / 1.84 1.63 / 1.41
DSCR (A,B) NOI/NCF 2.33 / 2.10 2.06 / 1.84 1.63 / 1.41
DSCR (A,B,C) NOI/NCF 2.33 / 2.10 2.06 / 1.84 1.63 / 1.41
Occupancy 100% 100% 100%

Credit:

Pearson Education, Inc 1,091,435.0 100.00 3.36 10/31/2016 Loan Property Balance
0
P & I (Current) 3,060,818 1,454,460 51,836,100
Status: Performing
Total: 3,060,818 1,454,460
2008:
Income: Interest Only Loan. NNN Lease. Single Tenant. CAM PY Adjustments adjusted out.
Expense: Property Insurance represents Borrower actual. Management Fee represents Borrower actual @4.39% of EGI.
2007:
Capital Expense: Capital Expenditures and Tenant Improvements / leasing Commissions adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 158 Of 241

SHIP MALL 24 BROADWAY, LYNNFIELD, MA
Income
Base Rent 1,547,334 22 0 0 1,161,910 17 1,252,595 1,252,595 1,252,595 18 8% (19%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 7,529 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 43,751 1 49,379 49,379 49,379 1 13% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 1,159,518 17 0 0 985,837 14 1,059,756 1,059,756 1,052,457 15 7% (9%)
Debt Service 911,895 13 0 0 745,742 11 747,785 747,785 747,785 11 0% (18%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.30 / 1.27 1.36 / 1.32 1.44 / 1.41
DSCR (A,B) NOI/NCF 1.30 / 1.27 1.36 / 1.32 1.44 / 1.41
DSCR (A,B,C) NOI/NCF 1.30 / 1.27 1.36 / 1.32 1.44 / 1.41

SHIP MALL LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

CHRISTMAS TREE SHOPS 51,776.00 75.02 19.50 03/01/2012 Loan Property Balance
MEDITERRANEAN RESTAURANT 7,754.00 11.24 16.50 03/01/2012 P & I (Current) 760,044 760,044 13,400,000
LA BELLA BABY 3,750.00 5.43 22.00 03/01/2012 Tax 159,897 159,897 13,325
Insurance 22,103 22,103 21,800
Status: Performing
Reserves:
Replacement 10,352 10,352 23,356
Total: 952,396 952,396
2008:
Expense: +28% Variance in Total Operating Expenses is due to the increase in Real Estate Taxes from $97,399.71 of 12/31/07 to $164,391.08 of 12/31/08, an increase of $66,991.00 (+69%), combined with
an increase in Repairs and Maintenance Expenses by $20,051.00 (+23%). Real Estate Taxes adjusted per Servicer record. Property Insurance represents Borrower actual. Management Fees
represents Borrower actual @3.304% of EGI.
2007:
Expense: Real Estate Taxes & Property Insurance adjusted per Servicer Record. Management Fees represents borrower actual @ 3.273% of EGI.
Capital Expense: Capital Expenditure ,Tenant Improvements & Leasing Commission adjusted per Underwriting.
Base:
05/12/2009 8:28:40 AM Page 159 Of 241

GOLDER RANCH SHOPPING 13005 N ORACLE ROAD, TUCSAON, AZ
CENTER
Income
Base Rent 1,336,485 18 0 0 930,448 13 984,358 984,358 984,358 14 6% (26%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 7,426 0 6,458 6,458 6,458 0 (13%) --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 34,193 0 0 0 38,811 1 14% --
Other Expenses 0 0 0 0 2,864 0 100 100 100 0 (97%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 933,048 13 0 0 723,017 10 964,886 964,886 856,522 12 18% (8%)
Debt Service 647,115 9 0 0 647,115 9 648,888 648,888 648,888 9 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.47 / 1.44 1.15 / 1.12 1.35 / 1.32
DSCR (A,B) NOI/NCF 1.47 / 1.44 1.15 / 1.12 1.35 / 1.32
DSCR (A,B,C) NOI/NCF 1.47 / 1.44 1.15 / 1.12 1.35 / 1.32

GOLDER RANCH SHOPPING CENTER LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

BASHA'S 54,022.00 74.33 11.30 04/30/2026 Loan Property Balance
BLOCLBUSTER 4,660.00 6.41 20.00 10/31/2011 P & I (Current) 659,525 659,525 11,100,000
Osake Japenese Restaurant 2,000.00 2.75 24.00 07/31/2013 Tax 187,531 187,531 27,467
Insurance 14,555 14,555 23,492
Status: Performing
Reserves:
Replacement 5,819 5,819 13,128
Commissions
Total: 892,438 892,438
05/12/2009 8:28:40 AM Page 160 Of 241

2008:
Income: Interest Only Loan. Prior Year CAM Reconciliation adjusted out.
Expense: Real Estate Taxes and Property Insurance adjusted per Servicer Record. Management Fees adjusted to 3% of EGI per UW.
2007: Loan originated on 1/31/07. Borrower reported 11 months statement. Hence normalized to 12 months. - Nisha - 4/2/2008
Income: Loan originated on 01/31/2007. Borrower reported 11 months figures, hence noramlized to 12 months. Interest Only Loan.
Expense: Real Estate Taxes represents borrower actual. Property Insurance adjusted per servicer record. Management Fees adjusted to 3% of EGI per UW.
Capital Expense: Tenant Improvements / Leasing Commissions & Capital Expenditure adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 161 Of 241

HOOMAN PONTIAC GMC 6101 W SLAUSEN AVENUE, CULVER CITY, CA
Other 2/28/2007 - 12 mos 12/31/2007 - 12 mos
Income
Base Rent 999,600 26 0 0 0 0 854,000 854,000 854,000 22 -- (15%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 999,600 26 0 0 0 0 854,000 854,000 854,000 22 -- (15%)
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 0 0 21,350 1 -- --
Professional Fees 0 0 0 0 0 0 3,808 3,808 0 0 -- --
General & Administrative Expenses 120,990 3 0 0 0 0 219,746 219,746 0 0 -- (100%)
Other Expenses 0 0 0 0 0 0 85,955 85,955 5,455 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 878,610 22 0 0 0 0 537,440 537,440 729,431 19 -- (17%)
Net Cash Flow 874,703 22 0 0 0 0 537,440 537,440 725,524 19 -- (17%)
Debt Service 795,201 20 0 0 0 0 795,201 795,201 795,201 20 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 79,502 2 0 0 0 0 (257,761) (257,761) (69,677) (2) -- (188%)
DSCR (A) NOI/NCF 1.10 / 1.10 0.92 / 0.91
DSCR (A,B) NOI/NCF 1.10 / 1.10 0.92 / 0.91
DSCR (A,B,C) NOI/NCF 1.10 / 1.10 0.92 / 0.91
Occupancy 100% 100%
Management 2.5%

H.S.K. INVESTMENTS, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Hooman Pontiac GMC 39,067.00 100.00 21.86 05/31/2025 Loan Property Balance
P & I (Current) 795,201 795,201 11,209,519
Status: Performing Tax 119,067 119,067 0
Insurance 2,756 2,756 8,060
Reserves:
Replacement 3,907 3,907 17,299
Total: 920,931 920,931
2007: Borrower reported huge Bank Service Charges ($ 219746.42) . Please Check .
1. 219,746.42 Bank service charges

2. 80,500 protion of Misc expenses for mortage fee.
3. 3806.34 prof fees - legal,escrow and other adjusted out as per mail by Leslie - 7/30/08.
Income: New Loan. Loan Originated On 2/12/2007.

Expense: Real Estate Taxes adjusted Per Servicer record. Property Insurance represents borrower's actual. Management fees adjusted to 2.5% Per Underwriting. Bank service charges / Escrow fee/legal
fees/Professional fees adjusted out. 80500 of Misc Expenses for Mortgage Fee adjusted out.
Capital Expense: Capital Expenditure/ Tenant Improvements adjusted Per Underwriting.
DSCR: Low DSCR due to low Rental Income.
Base:
05/12/2009 8:28:40 AM Page 162 Of 241

BOISE CASCADE - 8714 215TH STREET, LAKEVILLE, MN
MINNESOTA
Income
Base Rent 457,628 6 0 0 502,357 7 463,714 463,714 463,714 6 (8%) 1%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 10,047 0 0 0 9,274 0 (8%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 408,903 6 0 0 419,644 6 460,484 460,484 411,637 6 (2%) 1%
Debt Service 237,155 3 0 0 237,155 3 237,805 237,805 237,805 3 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.89 / 1.72 1.94 / 1.77 1.90 / 1.73
DSCR (A,B) NOI/NCF 1.89 / 1.72 1.94 / 1.77 1.90 / 1.73
DSCR (A,B,C) NOI/NCF 1.89 / 1.72 1.94 / 1.77 1.90 / 1.73
Occupancy 100% 100% 100%

JACOBSON LAKEVILLE LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Boise Building Solutions Distributions, LLC 72,000.00 100.00 6.44 08/31/2021 Loan Property Balance
P & I (Current) 241,703 241,703 3,867,500
Status: Performing
Total: 241,703 241,703
2008:
Expense: -71% Variance in Total Operating Expenses is due to decrease in General & Adminstrative Expenses from $24958.62 to $ 1354.91 and decrease in Professional Fees Expenses from $8133.83 to
$1874.60. Management Fee adjusted to 2% of EGI per UW.
2007:
Income: NNN Lease. Interest Only Loan. Single Tenant. Refunds adjusted out
Expense: Management fees adjusted to 2% of EGI per UW.
Base:
05/12/2009 8:28:40 AM Page 163 Of 241

BOISE CASCADE-ILLINOIS 600 TIMBER LANE ROAD, ROCHELLE, IL
Income
Base Rent 290,700 4 0 0 422,152 6 389,678 389,678 389,678 5 (8%) 34%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 8,443 0 0 0 7,794 0 (8%) --
General & Administrative Expenses 5,814 0 0 0 256 0 273 273 273 0 6% (95%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Capital Items 39,512 1 0 0 39,512 1 0 0 39,512 1 0% --
Net Cash Flow 245,374 3 0 0 367,646 5 387,456 387,456 340,151 5 (7%) 39%
Debt Service 163,418 2 0 0 163,418 2 163,866 163,866 163,866 2 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.74 / 1.50 2.49 / 2.25 2.32 / 2.08
DSCR (A,B) NOI/NCF 1.74 / 1.50 2.49 / 2.25 2.32 / 2.08
DSCR (A,B,C) NOI/NCF 1.74 / 1.50 2.49 / 2.25 2.32 / 2.08
Occupancy 100% 100% 100%

JACOBSON ROCHELLE LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Boise Building Solutions Distribution, LLC 72,000.00 100.00 5.41 08/31/2021 Loan Property Balance
P & I (Current) 166,552 166,552 2,665,000
Status: Performing
Reserves:
Replacement 0 0 0
Total: 166,552 166,552
2008:
Expense: -33% variance in Total Operating Expenses respectively is due to decrease in Professional Fees. Professional Fees decreased by $4345 which is 69% decrease when compared with YE07 figures.
Tenant is resposible for Taxes and Insurance. Management Fees adjusted to 2% of EGI per UW.
Capital Expense: Capital Expenditure and Tenant Improvement / Leasing commission adjusted per UW.
DSCR: Debt Service adjusted per servicer record
2007:
Expense: Tenant is resposible for Taxes and Insurance. Management Fees adjusted to 2% of EGI per UW.
Capital Expense: Capital Expenditure and Tenant Improvement / Leasing commission adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 164 Of 241

AMALGAMATED BANK 10 EAST 14TH STREET, NEW YORK, NY
Income
Base Rent 671,874 102 0 0 587,073 89 601,387 601,387 601,387 91 2% (10%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Utilities Expense 0 0 0 0 5,134 1 0 0 0 0 -- --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 12,765 2 0 0 12,515 2 (2%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 497,602 75 0 0 557,447 84 586,591 586,591 557,242 84 0% 12%
Debt Service 424,114 64 0 0 355,023 54 355,996 355,996 355,996 54 0% (16%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.21 / 1.17 1.62 / 1.57 1.61 / 1.57
DSCR (A,B) NOI/NCF 1.21 / 1.17 1.62 / 1.57 1.61 / 1.57
DSCR (A,B,C) NOI/NCF 1.21 / 1.17 1.62 / 1.57 1.61 / 1.57
Occupancy 100% 100%

10 EAST 14TH STREET REALTY ASSOCIATES LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Amalgamated Bank 6,600.00 100.00 91.12 06/30/2021 Loan Property Balance
P & I (Current) 361,832 361,832 6,000,000
Status: Performing
Reserves:
Debt Service 0 0 0
Replacement 0 0 0
Total: 361,832 361,832
2008:
Income: Interest Only Loan.NNN Lease.
Expense: Real Estate Taxes represents borrowers actual. Management Fees adjusted to 2% of EGI per UW.
2007: Rent Roll is not provided by the borrower, hence occupancy and Tenants are not updated-Shilpa-5/29/2008
Income: New Loan. Loan Originated on 10/3/2006. Interest Only Loan.
Expense: Real Estate Taxes represents borrowers actual. Management Fees adjusted to 2% of EGI per UW. Donations adjusted out.
Base:
05/12/2009 8:28:40 AM Page 165 Of 241

AJAX TOCCO INDUSTRIAL 30000-30100 STEPHENSON HIGHWAY, MADISON HEIGHTS, MI
BUILDINGS
Income
Base Rent 891,886 7 0 0 691,858 6 691,858 691,858 691,858 6 -- (22%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 891,886 7 0 0 691,858 6 691,858 691,858 691,858 6 -- (22%)
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 13,837 0 0 0 13,837 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 251,329 2 0 0 13,837 0 0 0 13,837 0 -- (94%)
Net Operating Income 640,557 5 0 0 678,021 5 691,858 691,858 678,021 5 -- 6%
Net Cash Flow 569,613 5 0 0 607,076 5 691,858 691,858 607,076 5 -- 7%
Debt Service 438,152 4 0 0 438,152 4 438,152 438,152 438,152 4 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 131,461 1 0 0 168,925 1 253,706 253,706 168,925 1 -- 28%
DSCR (A) NOI/NCF 1.46 / 1.30 1.55 / 1.39 1.55 / 1.39
DSCR (A,B) NOI/NCF 1.46 / 1.30 1.55 / 1.39 1.55 / 1.39
DSCR (A,B,C) NOI/NCF 1.46 / 1.30 1.55 / 1.39 1.55 / 1.39
Occupancy 100% 100% 100%

GOTTLIEB MADISON HEIGHTS LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Ajax Tocco Magnathermic Corp 128,000.00 102.62 5.41 10/31/2018 Loan Property Balance
P & I (Current) 438,152 438,152 5,907,243
Status: Performing
Reserves:
Repair 0 0 0
Total: 438,152 438,152
2008: Borrower has not provided Rent roll. Hence,Rent roll not updated. Priyanka - 3/19/09
Income: NNN Lease. Single Tenant
Expense: Tenant is responsible for Real Estate Taxes and Property Insurance. Management fees adjusted to 2% of EGI per UW.
Capital Expense: Capital Expenditures & Tenant Improvements/ Leasing Commisssion adjusted per UW.
2007:
Expense: Tenanat is responsible for Real Estate Taxes and Property Insurance. Management Fees is adjusted to 2% of EGI per UW.
Capital Expense: Capital Expenditures & Tenant Improvements/ Leasing Commisssion adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 166 Of 241

EUGENE TOWER 800 WILLAMETTE STREET, EUGENE, OR
Income
Base Rent 1,782,822 21 1,763,306 21 1,720,990 20 1,777,505 1,777,505 1,777,505 21 3% 0%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 44,466 1 8,832 0 52,924 52,924 52,924 1 499% --
Parking Income 0 0 0 0 132,033 2 129,757 129,757 129,757 2 (2%) --
Other Income 0 0 151,446 2 34,497 0 34,339 34,339 34,339 0 0% --
Effective Gross Income 1,782,822 21 1,959,218 23 1,896,352 22 1,994,525 1,994,525 1,994,525 23 5% 12%
Expenses
Janitorial 0 0 87,141 1 94,883 1 92,967 92,967 92,967 1 (2%) --
Management Fees 0 0 78,369 1 75,854 1 74,578 74,578 79,781 1 5% --
Other Expenses 0 0 0 0 0 0 (29) (29) 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 1,035,618 12 1,228,503 14 1,132,875 13 1,225,443 1,225,443 1,216,231 14 7% 17%
Leasing Commissions 0 0 102,097 1 0 0 0 0 0 0 -- --
Net Cash Flow 918,150 11 1,111,035 13 1,015,406 12 1,225,443 1,225,443 1,098,763 13 8% 20%
Debt Service 628,202 7 628,202 7 628,202 7 628,202 628,202 628,202 7 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.65 / 1.46 1.96 / 1.77 1.80 / 1.62 1.94 / 1.75
DSCR (A,B) NOI/NCF 1.65 / 1.46 1.96 / 1.77 1.80 / 1.62 1.94 / 1.75
DSCR (A,B,C) NOI/NCF 1.65 / 1.46 1.96 / 1.77 1.80 / 1.62 1.94 / 1.75
Occupancy 94% 94% 96% 92%

EUGENE TOWER ASSOCIATES LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

US National Banks 39,657.00 46.23 22.56 07/31/2015 Loan Property Balance
Arnold gallagher 9,659.00 11.26 19.80 04/30/2011 P & I (Current) 628,202 628,202 8,714,159
Merril Lynch Pierce 7,482.00 8.72 21.60 07/31/2011
Reserves:
Miscellaneous 0 0 0
Status: Performing
Total: 628,202 628,202
2008:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrowers actual. Management Fees adjusted to 4% of EGI per UW. Earned Discounts adjusted out.
2007:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance adjusted per UW. Management Fees adjusted to 4% of EGI per UW. Earned Discounts adjusted out.
2006:
Income: Earned Discount adjusted out.
Expense: Real Estate Taxes adjusted per Servicer record. Property Insurance adjusted per UW. Management Fees adjusted to 4% of EGI per UW.
Capital Expense: Tenant Improvements / Leasing Commissions / Capital Expenditure adjusted per UW.
Base:
05/12/2009 8:28:40 AM Page 167 Of 241

MAXIMUS SELF STORAGE 20355 EAST 9 MILE ROAD, ST CLAIR SHORES, MI
Income
Gross Potential Rent 0 0 0 0 438,747 1,402 467,623 467,623 467,623 1,494 7% --
Base Rent 472,089 1,508 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 20,607 66 44,896 44,896 44,896 143 118% --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Management Fees 0 0 0 0 22,482 72 29,323 29,323 24,721 79 10% --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 23,303 23,303 19,912 64 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 259,475 829 0 0 204,737 654 257,278 257,278 250,458 800 22% (3%)
Debt Service 206,895 661 0 0 170,638 545 171,105 171,105 171,105 547 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.27 / 1.25 1.22 / 1.20 1.49 / 1.46
DSCR (A,B) NOI/NCF 1.27 / 1.25 1.22 / 1.20 1.49 / 1.46
DSCR (A,B,C) NOI/NCF 1.27 / 1.25 1.22 / 1.20 1.49 / 1.46
Occupancy 100% 82%

SS ST. CLAIR SHORES LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 173,910 173,910 3,000,000
Status: Performing
Reserves:
Replacement 4,410 4,410 10,690
Repair 0 0 0
Total: 178,320 178,320
2008:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance adjusted per UW. Management Fee adjusted to 5% of EGI. Bad Debt Expense adjusted out.
DSCR: +22% variance in NOI/ NCF DSCR is due to Increase in Rental Income by $28,876, Other Income by $24,289 combined with decrease in Payroll & Benefits Expenses by $11,895 & General &
Administrative Expenses by $12,686.
Debt Service adjusted per Servicer Record.
2007: No Rent Roll to update Occupancy - Shruti 1/22/08.
Income: Rent Written Off / Fees Written Off adjusted out. Interest only loan.
Expense: Real Estate Taxes adjusted per servicer record. Property Insurance adjusted per UW. Management Fees adjusted to 5% of EGI.
Base:
05/12/2009 8:28:40 AM Page 168 Of 241

ISLAND TUG & BARGE 3546 W MARGINAL WAY SW, SEATTLE, WA
Income
Base Rent 1,064,162 6 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 (136,904) (136,904) 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 33,915 0 0 0 35,674 0 5% --
Advertising & Marketing 0 0 0 0 1,787 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 778,419 5 0 0 781,380 5 817,335 817,335 870,668 5 11% 12%
Debt Service 662,593 4 0 0 563,917 3 564,432 564,432 564,432 3 0% (15%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.29 / 1.17 1.52 / 1.39 1.68 / 1.54
DSCR (A,B) NOI/NCF 1.29 / 1.17 1.52 / 1.39 1.68 / 1.54
DSCR (A,B,C) NOI/NCF 1.29 / 1.17 1.52 / 1.39 1.68 / 1.54
Occupancy 100% 100% 100%

ITB HOLDING COMPANY LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Puget sound packaging 46,948.00 27.85 4.73 12/31/2008 Loan Property Balance
Sea pac transport 46,126.00 27.37 4.88 12/31/2008 P & I (Current) 574,732 574,732 9,100,000
Island tug and barge 18,000.00 10.68 6.60 12/31/2020
Reserves:
Replacement 14,278 14,278 34,610
Status: Performing
Commissions
Commissions
Repair 0 0 0
Total: 667,010 667,010
2008:
Income: NNN Lease. Interest only Loan.Realised loss& Unrealised Gain adjusted out.
Expense: Real Estate Taxes adjusted per servicers records. Property Insurance represents borrowers actual. Management Fees adjusted to 3% of EGI per UW.
2007:
Expense: Real Estate Taxes / Property Insurance represents Borrower Actauls.Management Fees adjusted to 3% of EGI per UW.
Base:
05/12/2009 8:28:40 AM Page 169 Of 241

IDENTITY CENTER 2808 SOUTH MAIN, LINDALE, TX
Income
Base Rent 456,420 12 0 0 467,459 13 511,711 511,711 511,711 14 9% 12%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 9,601 9,601 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 23,373 1 6,000 6,000 20,634 1 (12%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 363,093 10 0 0 351,787 10 443,353 443,353 362,978 10 3% 0%
Debt Service 272,780 7 0 0 272,780 7 272,780 272,780 272,780 7 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.40 / 1.33 1.36 / 1.29 1.40 / 1.33
DSCR (A,B) NOI/NCF 1.40 / 1.33 1.36 / 1.29 1.40 / 1.33
DSCR (A,B,C) NOI/NCF 1.40 / 1.33 1.36 / 1.29 1.40 / 1.33

MAIN STREET CENTER LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

IDENTITY 5,400.00 14.59 16.00 10/31/2009 Loan Property Balance
anytime fitness 4,300.00 11.62 18.05 P & I (Current) 272,780 272,780 3,689,870
CENTRAL TITLE 3,000.00 8.11 19.00 08/30/2011 Tax 0 0 20
Insurance 10,303 10,303 4,293
Status: Performing
Reserves:
Replacement 0 0 12,896
Commissions
Commissions
Repair 0 0 0
Total: 292,334 292,334
05/12/2009 8:28:40 AM Page 170 Of 241

2008:
Income: Y/E Settlements adjusted out.
Expense: +39% variance in Total Operating Expenses is due to Utility expenses. Repairs & Maintenance & Professional Fees by $2744, $16151 & $3695 when compared with YE07. Real Estate Taxes &
Property Insurance adjusted per servicer record. Management fees adjusted to 4% of EGI per UW.
Capital Expense: Capital Expenditure,Tenant Improvements & Leasing Commission adjusted per Underwriting.
2007:
Expense: Real Estate Taxes & Property Insurance adjusted per Servicer Record. Management fees adjusted to 5% of EGI.
Capital Expense: Capital Expenditure,Tenant Improvements & Leasing Commission adjusted per Underwriting.
Base:
GALLERIA PLAZA 829 NORTH ATLANTIC AVE, COCOA BEACH, FL
Mixed Use 2/28/2007 - 12 mos 12/31/2007 - 12 mos 9/30/2008 - 9 mos
Income
Base Rent 740,695 17 0 0 220,438 5 181,229 181,229 181,229 4 (18%) (76%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 3,921 0 2,612 2,612 2,612 0 (33%) --
Management Fees 0 0 0 0 11,022 0 0 0 9,061 0 (18%) --
Payroll & Benefits 0 0 0 0 127,694 3 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 313,099 7 0 0 (118,463) (3) 114,990 114,990 26,038 1 (122%) (92%)
Leasing Commissions 0 0 0 0 0 0 6,304 6,304 17,947 0 -- --
Net Cash Flow 273,636 6 0 0 (157,924) (4) 108,686 108,686 (3,558) 0 (98%) (101%)
Debt Service 226,537 5 0 0 189,800 4 142,480 142,480 142,480 3 (25%) (37%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 47,099 1 0 0 (347,724) (8) (33,794) (33,794) (146,038) (3) (58%) (410%)
DSCR (A) NOI/NCF 1.38 / 1.21 -0.62 / -0.83 0.18 / -0.02
DSCR (A,B) NOI/NCF 1.38 / 1.21 -0.62 / -0.83 0.18 / -0.02
DSCR (A,B,C) NOI/NCF 1.38 / 1.21 -0.62 / -0.83 0.18 / -0.02

ESO GALLERIA LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:
05/12/2009 8:28:40 AM Page 171 Of 241

Sun Trust Bank 4,334.00 10.17 16.95 01/31/2009 Loan Property Balance
Mantech SRS Inc 4,210.00 9.88 13.00 09/01/2014 P & I (Current) 226,537 226,537 3,183,979
Pyth Reality Corp 3,836.00 9.00 13.19 04/12/2012 Tax 47,955 47,955 27,974
Insurance 48,297 48,297 28,173
Reserves:
03/11/2009 - 1E - DSCR < 1.10; 1F - DSCR < 1.40 & < or = 75% U/W; 4A - Occ < 80% U/W; 4B - EGI
< 80% U/W & < 1.10 DSCR; and 6A - Other (Inadequate Financial Reporting). Loan is secured by a Capital Improvements 0 0 0
39,729 sf mixed use office and retail property in Cocoa Beach, FL, built in 1986. The 5/22/2008 Replacement 12,512 12,512 65,839
inspection rated the Property in Excellent condition. YTD 9/30/2008 NCF DSCR is (0.03)x with 67%
Occ (a 23% decline from U/W, qualifying the loan again for 4A); YE 12/31/2007 NCF DSCR was (0.83)
Commissions
x with 74.6% Occ. Loan was U/W at 1.21x with 87% Occ. Based on Annualized figures, the 3Q08 Base
Rents and EGI have both declined 67.4% from U/W, while also 9.6% above YE07. Total OpExp are Repair 0 0 0
well below both U/W and PYE, however, R&M has notably increased by 55.6% in the last year. The Hold Back 0 0 0
resulting NCF is a 101.7% decline from U/W and 97% below YE07. The DSCR decline is attributed to
Occupancy and Base Rents decline, which caused an EGI decline. It appears the Borrower may be Excess Rent 0 0 0
including in their financial reporting certain additional income that is not from strictly property-level Leasing 0 0 33,002
operations, and presumably certain expenses that are also not property-level only. Bank of America
maintains efforts to encourage the Borrower to eliminate non-property-level figures in their reporting; Total: 335,301 335,301
Borrower has not yet acknowledged this request. Bank of America maintains efforts to obtain a leasing
update and current marketing plan from the Borrower, and will continue to monitor the Loan.
2008:
Expense: Huge variance in NOI/NCF DSCR & -39% variance in Total Operating Expenses is due to decrease in Utilities Expenses / General & Administrative Expenses. Utilities Expenses as per Q308 is
$24530.03 when compared with YE07 was $36476.98.General & Administrative Expenses as per Q308 is $11675.47 when compared with YE07 was $16356.39.Overall decrease in Total Operating
Expenses, as per Q308 is $206921.07 when compared with YE07 was $338900.55. Real Estate Taxes / Property Insurance adjusted per YE07 figures. Management Fee adjusted to 5% of EGI per
UW.
DSCR: Low DSCR is due to Low Rental Income combined with increase in General & Administration expenses when compared with UW. Debt Service adjusted per Servicer Record.
2007: Borrower has provided summary statement please provided the Detailed statement as provided in previous quaters. Nitin Jain. 4/24/08
Detailed statement as received previously has been received and imaged, 7/14/08. Please analyze. LMG
The Rental income is not inline when compared the UW & Q307 figures pleaes check. Nitin Jain 7/17/08
The Rental income provided in the YE07 is not inline with the Q307 analysis. Worked on the loan on priority request.
Borrower has reported huge buliding repairs assuming it to be one time adjusted out. Nitin Jain 9/10/08
Expense: Real Estate Taxes / Property Insurance adjusted per Servicer Record. Management Fees adjusted to 5% of EGI per UW. Huge Building repairs adjusted out.
Capital Expense: Capital Expenditure and Tenant Improvement / Leasing Commission adjusted per UW.
DSCR: Debt Service adjusted per Servicer Record. Low DSCR due to Low Rental Income. YE07 NCF DSCR is (0.83)x with 75% Occupancy.
Base:
BIG LOTS 2425 NORTH STATE ROAD 39, LEBANON, IN
05/12/2009 8:28:40 AM Page 172 Of 241

Income
Base Rent 271,360 6 0 0 209,471 4 198,114 198,114 198,114 4 (5%) (27%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 77,162 77,162 77,162 2 -- --
Expenses
Real Estate Taxes 0 0 0 0 0 0 77,703 77,703 0 0 -- --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 4,189 0 0 0 5,506 0 31% --
General & Administrative Expenses 85,589 2 0 0 1,999 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 55 0 5,146 5,146 5,146 0 9256% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 167,224 3 0 0 178,336 4 186,360 186,360 240,011 5 35% 44%
Debt Service 137,837 3 0 0 115,383 2 115,699 115,699 115,699 2 0% (16%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.35 / 1.21 1.71 / 1.55 2.23 / 2.07
DSCR (A,B) NOI/NCF 1.35 / 1.21 1.71 / 1.55 2.23 / 2.07
DSCR (A,B,C) NOI/NCF 1.35 / 1.21 1.71 / 1.55 2.23 / 2.07
Occupancy 100% 100%

SIMPLY STORAGE LEBANON LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Big Lots 28,104.00 57.23 3.50 12/31/2008 Loan Property Balance
Tractor Supply Co (TSC) 21,000.00 42.77 4.75 01/14/2021 P & I (Current) 117,595 117,595 1,950,000
Tax 46,794 46,794 30,792
Insurance 10,926 10,926 9,819
01/09/2009 - 4C - Single Tenant with Lease > 30% NRA expiring within next 6 months; 4D - Top 3
Tenants Rollover > 30% NRA (a combination of top 3 tenants with lease expirations within next 6 Reserves:
months); 6A - Other (Past Due Financial Reporting). Loan is secured by a 49,104 sf single-story retail Replacement 14,731 14,731 25,699
property in Lebanon, IN, built in 1979 and renovated in 2006. The 3/26/2008 inspection rated the
Property in Good condition. YTD 6/30/2008 NCF DSCR is 1.70x with 100% Occupancy. Lease Rollover
Commissions
applies to the Property's largest of its two tenants: Big Lots, who occupies 28,104 sf (57.2% NRA), has
a 12/31/2008 lease expiration. The 6/30/2008 rent roll suggests that Big Lots has renewed through Repair 0 0 16,875
12/31/2013, however, Bank of America has requested confirmation from the Borrower, and continues to Total: 190,046 190,046
await Borrower's response. As of 1/9/2009, Borrower's YTD 9/30/2008 financials and rent roll remain
outstanding. Bank of America maintains efforts to collect, and will continue to monitor the Loan.
2008:
Income: +30%, +34% Variance in NOI/NCF DSCR & +31% Variance in Effective Gross Income is due to Other Income of $77161.51 which was not existing in YE07. NNN Lease. Interest only loan.
Expense: +33% Variance in Total Operating Expenses is due to increase in Other Expenses by $5091. Real Estate Taxes adjusted out. Tenant is responsible for Real estate taxes/Property insurance.
Management Fees adjusted to 2% of EGI per UW.
Capital Expense: Capital Expenditure & Tenant Improvements/Leasing Commissions adjusted per UW.
2007: No Rent Roll - Shruti 1/21/08.
Expense: Management Fees adjusted to 2% of EGI per UW.
Base:
05/12/2009 8:28:40 AM Page 173 Of 241

LETTER OF CREDIT

SIMPLY STORAGE LEBANON LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 117,595 0 1,950,000
Status: CMSA Watchlist Tax 46,794 0 30,792
Insurance 10,926 0 9,819
Tenants Rollover > 30% NRA (a combination of top 3 tenants with lease expirations within next 6
months); 6A - Other (Past Due Financial Reporting). Loan is secured by a 49,104 sf single-story retail Reserves:
property in Lebanon, IN, built in 1979 and renovated in 2006. The 3/26/2008 inspection rated the Replacement 14,731 0 25,699
Property in Good condition. YTD 6/30/2008 NCF DSCR is 1.70x with 100% Occupancy. Lease Rollover
applies to the Property's largest of its two tenants: Big Lots, who occupies 28,104 sf (57.2% NRA), has Tenant Improvements and Leasing 0 0 0
a 12/31/2008 lease expiration. The 6/30/2008 rent roll suggests that Big Lots has renewed through Commissions
12/31/2013, however, Bank of America has requested confirmation from the Borrower, and continues to Repair 0 0 16,875
await Borrower's response. As of 1/9/2009, Borrower's YTD 9/30/2008 financials and rent roll remain
outstanding. Bank of America maintains efforts to collect, and will continue to monitor the Loan. Total: 190,046 0
MARSH STORES- #40 11625 FOX ROAD, INIANAPOLIS, IN
Income
Base Rent 723,948 13 0 0 762,050 14 845,830 845,830 762,050 14 -- 5%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 25,107 0 16,880 16,880 25,319 0 1% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 672,219 12 0 0 682,642 12 825,802 825,802 681,854 12 0% 1%
Debt Service 509,234 9 0 0 509,234 9 509,234 509,234 509,234 9 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.42 / 1.32 1.44 / 1.34 1.44 / 1.34
DSCR (A,B) NOI/NCF 1.42 / 1.32 1.44 / 1.34 1.44 / 1.34
DSCR (A,B,C) NOI/NCF 1.42 / 1.32 1.44 / 1.34 1.44 / 1.34
Occupancy 100% 100% 100%
05/12/2009 8:28:40 AM Page 174 Of 241

MSI FOX ROAD INDIANAPOLIS PORTFOLIO, LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

MARSH SUPERMARKETS INC. 55,575.00 100.00 13.71 11/24/2026 Loan Property Balance
P & I (Current) 509,234 509,234 6,957,945
Status: Performing
Reserves:
Miscellaneous 0 0 0
Repair 0 0 45,565
Hold Back 0 0 0
Excess Rent 0 0 0
Leasing 0 0 0
Total: 509,234 509,234
2008:
Income: NNN Lease. Single Tenant. Rent Smoothing adjusted out.
Expense: Real Estate Taxes represents borrowers actual. Management Fees adjusted to 3% of EGI.
Capital Expense: Capital Expenditure and Tenant Improvements / Leasing Commissions adjusted as per UW.
DSCR: YE-2008 NCF DSCR is 1.34x with an occupancy of 100%.
2007:
Income: NNN Lease. Single Tenant. Rent Smoothing adjusted out.
Expense: Real Estate Taxes adjusted per servicer record. Management fees adjusted to 3% of EGI.
Base:
LETTER OF CREDIT

MSI FOX ROAD INDIANAPOLIS PORTFOLIO, LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 509,234 0 6,957,945
Status: Performing
Reserves:
Miscellaneous 0 0 0
Repair 0 0 45,565
Hold Back 0 0 0
Excess Rent 0 0 0
Leasing 0 0 0
Total: 509,234 0
MARSH STORES- #850 9511 WEST DEPOT ST, YORKTOWN, IN
05/12/2009 8:28:40 AM Page 175 Of 241

Income
Base Rent 641,250 1 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 484,063 1 0 0 0 0 0 0 0 0 -- (100%)
Debt Service 396,545 1 0 0 0 0 0 0 0 0 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.62 / 1.22
Occupancy 100%
Management

MARSH REAL ESTATE SPE, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Marsh Warehouse 481,700.00 100.00 0.00 10/31/2026 Loan Property Balance
P & I (Current) 396,545 396,545 4,258,840
Status: Performing
Reserves:
Environmental 0 0 119,250
Miscellaneous 0 0 0
Repair 0 0 16,862
Hold Back 0 0 675,000
Leasing 0 0 0
Total: 396,545 396,545
Base:
MARSH STORES - #307 11865 HAMILTON AVENUE, CINCINNATI, OH
05/12/2009 8:28:40 AM Page 176 Of 241

Income
Base Rent 338,172 11 0 0 361,266 11 355,970 355,970 355,970 11 (1%) 5%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 10,838 0 0 0 10,679 0 (1%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 310,714 10 0 0 318,717 10 354,661 354,661 316,525 10 (1%) 2%
Debt Service 237,874 7 0 0 237,874 7 237,874 237,874 237,874 7 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.42 / 1.31 1.46 / 1.34 1.45 / 1.33
DSCR (A,B) NOI/NCF 1.42 / 1.31 1.46 / 1.34 1.45 / 1.33
DSCR (A,B,C) NOI/NCF 1.42 / 1.31 1.46 / 1.34 1.45 / 1.33
Occupancy 100% 100% 100%

MSI NATIONAL ROAD RICHMOND GROCERY LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Lobill, MSI - Store #307 32,117.00 100.00 11.08 11/22/2026 Loan Property Balance
P & I (Current) 237,874 237,874 3,250,203
Status: Performing
Reserves:
Miscellaneous 0 0 0
Repair 0 0 0
Hold Back 0 0 0
Leasing 0 0 0
Total: 237,874 237,874
2008:
Expense: Management Fees adjusted to 3% of EGI. -21% Variance in Total Operating Expenses is primarily due to the decrease in Professional Fees Expenditure from $3,245.00 of 12/31/07 to $198.00 of
12/31/08, a decrease of $3,047.00 (-94%).
2007:
Income: NNN Lease.
Expense: Management Fees adjusted to 3% of EGI. The Tenant would be responsible for all Utilities, Operating and Real Estate Taxes attributable to the Building.
Base:
05/12/2009 8:28:40 AM Page 177 Of 241

LETTER OF CREDIT

Credit:

P & I (Current) 237,874 0 3,250,203
Status: Performing
Reserves:
Miscellaneous 0 0 0
Repair 0 0 0
Hold Back 0 0 0
Leasing 0 0 0
Total: 237,874 0
MARSH STORES - #325 501 NATIONAL ROAD, WEST, RICHMOND, IN
Income
Base Rent 328,232 11 0 0 350,650 11 352,955 352,955 352,955 11 1% 8%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 10,520 0 0 0 10,589 0 1% --
General & Administrative Expenses 0 0 0 0 985 0 1,132 1,132 1,132 0 15% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 301,581 10 0 0 312,140 10 351,625 351,625 314,386 10 1% 4%
Debt Service 230,882 7 0 0 230,882 7 230,882 230,882 230,882 7 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.42 / 1.31 1.47 / 1.35 1.48 / 1.36
DSCR (A,B) NOI/NCF 1.42 / 1.31 1.47 / 1.35 1.48 / 1.36
DSCR (A,B,C) NOI/NCF 1.42 / 1.31 1.47 / 1.35 1.48 / 1.36
Occupancy 100% 100% 100%
05/12/2009 8:28:40 AM Page 178 Of 241

Credit:

Lobill Foods 31,173.00 100.00 11.08 11/22/2026 Loan Property Balance
P & I (Current) 230,882 230,882 3,154,671
Status: Performing
Reserves:
Miscellaneous 0 0 0
Repair 0 0 0
Hold Back 0 0 0
Leasing 0 0 0
Total: 230,882 230,882
2008: Analysed By Ranjeet.

Expense: Management Fee adjusted to 3% of EGI.
Capital Expense: Capital Expenditure, Tenant Improvements and Leasing Commission adjusted per UW.
Expense: Management Fees adjusted to 3% of EGI. Professional Fees adjusted out.
Base:
LETTER OF CREDIT

Credit:

P & I (Current) 230,882 0 3,154,671
Status: Performing
Reserves:
Miscellaneous 0 0 0
Repair 0 0 0
Hold Back 0 0 0
Leasing 0 0 0
Total: 230,882 0
MARSH STORES - #301 950 NORTH CASS STREET, WABASH, IN
05/12/2009 8:28:40 AM Page 179 Of 241

Income
Base Rent 188,893 12 0 0 201,499 13 198,593 198,593 198,593 13 (1%) 5%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 6,045 0 0 0 5,958 0 (1%) --
General & Administrative Expenses 0 0 0 0 984 0 879 879 879 0 (11%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 175,094 11 0 0 177,426 12 197,491 197,491 177,734 12 0% 2%
Debt Service 132,870 9 0 0 132,870 9 132,870 132,870 132,870 9 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.42 / 1.32 1.44 / 1.34 1.44 / 1.34
DSCR (A,B) NOI/NCF 1.42 / 1.32 1.44 / 1.34 1.44 / 1.34
DSCR (A,B,C) NOI/NCF 1.42 / 1.32 1.44 / 1.34 1.44 / 1.34
Occupancy 100% 100% 100%

Credit:

Lobill, MSI - Store #301 15,245.00 100.00 13.04 11/22/2026 Loan Property Balance
P & I (Current) 132,870 132,870 1,815,477
Status: Performing
Reserves:
Miscellaneous 0 0 0
Repair 0 0 0
Hold Back 0 0 0
Leasing 0 0 0
Total: 132,870 132,870
2008:
Expense: Management Fee adjusted to 3% of EGI. -31% Variance in Total Operating Expenses is primarily due to the decrease in Professional Fees Expenditure from $3,245.00 of 12/31/07 to $198.00 of
12/31/08, a decrease of $3,047.00 (-94%).
Expense: Management Fees ajusted to 3% of EGI.
Base:
05/12/2009 8:28:40 AM Page 180 Of 241

LETTER OF CREDIT

Credit:

P & I (Current) 132,870 132,870 1,815,477
Status: Performing
Reserves:
Miscellaneous 0 0 0
Repair 0 0 0
Hold Back 0 0 0
Leasing 0 0 0
Total: 132,870 132,870
RICHMOND RIDGE 3613 3617 3628 3929 SOUTH HAMPTON COURT, BRYAN, TX
APARTMENTS
Income
Base Rent 421,401 10,805 0 0 431,709 11,069 456,199 456,199 455,674 11,684 6% 8%
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 56,574 1,451 45,749 45,749 45,134 1,157 (20%) --
Expenses
Real Estate Taxes 0 0 0 0 87,360 2,240 0 0 65,745 1,686 (25%) --
Management Fees 0 0 0 0 24,414 626 23,792 23,792 25,040 642 3% --
Other Expenses 0 0 0 0 346 9 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 274,361 7,035 0 0 300,228 7,698 419,359 419,359 324,295 8,315 8% 18%
Debt Service 228,600 5,862 0 0 192,525 4,937 195,751 195,751 195,751 5,019 2% (14%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.23 / 1.20 1.60 / 1.56 1.70 / 1.66
DSCR (A,B) NOI/NCF 1.23 / 1.20 1.60 / 1.56 1.70 / 1.66
DSCR (A,B,C) NOI/NCF 1.23 / 1.20 1.60 / 1.56 1.70 / 1.66
Occupancy 100% 100%
05/12/2009 8:28:40 AM Page 181 Of 241

RICHMOND RIDGE LTD Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 228,600 228,600 3,184,247
Insurance 21,044 21,044 18,430
Reserves:
Replacement 5,070 5,070 12,290
Total: 331,118 331,118
2008: Rent Roll seems to be Incomplete. Please provide the complete details of rent roll.
Income: Interest only loan till 11/30/2008. Prepaid rent/Past tenant damage paid adjusted.
Expense: Real estate taxes/ Property insurance adjusted as per servicer record. Management fees adjsuted to 5% on EGI as per UW.
Capital Expense: Capital expenditure adjsuted as per UW.
DSCR: If Debt service is assumed to be amortized for year end, the DSCR would be 1.42.
2007:
Income: Interest Only Loan. Prepaid Rent adjusted out.
Expense: Real Estate Taxes adjusted per Underwriting. Property Insurance adjusted per Servicer record. Management Fee adjusted to 5% of EGI per Underwriting.
Base:
05/12/2009 8:28:40 AM Page 182 Of 241

AUBURN HILLS 3975 BALDWIN ROAD, AUBURN HILLS, MI
Income
Base Rent 681,061 33 0 0 332,978 16 166,489 166,489 166,489 8 (50%) (76%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Property Insurance 0 0 0 0 0 0 1,306 1,306 0 0 -- --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 14,429 1 6,659 6,659 6,659 0 (54%) --
Other Expenses 0 0 0 0 55 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 497,476 24 0 0 305,117 15 156,200 156,200 151,267 7 (50%) (70%)
Debt Service 412,716 20 0 0 214,612 10 107,306 107,306 107,306 5 (50%) (74%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.26 / 1.21 1.48 / 1.42 1.47 / 1.41
DSCR (A,B) NOI/NCF 1.26 / 1.21 1.48 / 1.42 1.47 / 1.41
DSCR (A,B,C) NOI/NCF 1.26 / 1.21 1.48 / 1.42 1.47 / 1.41
Occupancy 100% 100% 100%

HEATHORN-AUBURN HILLS TAYLOR LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

La-Z-Boy-Auburn-Hills 21,000.00 102.15 15.86 02/05/2016 Loan Property Balance
P & I (Current) 412,716 214,612 5,779,144
Status: Performing Tax 0 0 0
Reserves:
Replacement 5,905 3,071 12,838
Miscellaneous 0 0 0
Tax Hold Back 0 0 33,492
Total: 418,621 217,683
2008:
Expense: Tenant is responsible for Real Estate Taxes / Property Insurance / Common Area Maintenance / Utility Expenses. Hence, Property Insurance adjusted out. Management Fee represents borrower
actuals @ 3.999% of EGI.
2007:
Expense: Tenant is responsible for Real Estate Taxes / Property Insurance / Common area maintenance / Utility Expenses. Hence, property insurance / Repairs adjusted out. Management Fee represents
borrower actuals @4.33% of EGI.
Base:
05/12/2009 8:28:40 AM Page 183 Of 241

TAYLOR LA-Z-BOY 22919 EUREKA ROAD, TAYLOR, MI
Retail - mos 12/31/2007 - 12 mos 6/30/2008 - 6 mos
Income
Base Rent 0 0 0 0 299,303 16 149,652 149,652 149,652 8 (50%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 12,970 1 5,986 5,986 5,986 0 (54%) --
General & Administrative Expenses 0 0 0 0 415 0 1,041 1,041 1,041 0 151% --
Other Expenses 0 0 0 0 38 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 0 0 0 0 274,118 15 140,224 140,224 135,615 7 (51%) --
Debt Service 0 0 0 0 198,104 11 99,052 99,052 99,052 5 (50%) --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.44 / 1.38 1.43 / 1.37
DSCR (A,B) NOI/NCF 1.44 / 1.38 1.43 / 1.37
DSCR (A,B,C) NOI/NCF 1.44 / 1.38 1.43 / 1.37
Occupancy 100% 100% 100%

HEATHORN-AUBURN HILLS TAYLOR LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

La-Z-Boy-Taylor 19,000.00 101.03 15.75 02/05/2016 Loan Property Balance
P & I (Current) 412,716 198,104 5,779,144
Reserves:
Replacement 5,905 2,834 12,838
Miscellaneous 0 0 0
Tax Hold Back 0 0 33,492
Total: 418,621 200,938
2008: The Q2-08 Rent Roll is not provided. As the property is occupied by a Single Tenant, the Square Footage is updated from the previous analysis (YE-07 analysis) and Rent for the calculation of ARR
is updated from the Q2-08 financials.
Expense: Tenant is responsible for Real Estate Taxes / Property Insurance / Common Area Maintenance / Utility Expenses. Hence, Property Insurance adjusted out. Management Fee represents borrower
actuals @ 3.999% of EGI.
2007:
Expense: Tenant is responsible for Real Estate Taxes / Property Insurance / Common area maintenance / Utility Expenses. Hence, property insurance / Repairs adjusted out. Management Fee represents
borrower actuals @4.33% of EGI.
05/12/2009 8:28:40 AM Page 184 Of 241

820 SCARSDALE 820 SCARSDALE AVENUE, SCARSDALE, NY
Income
Base Rent 261,406 32 0 0 275,886 34 275,936 275,936 275,936 34 0% 6%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 11,035 1 0 0 11,037 1 0% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 170,107 21 0 0 189,989 23 256,849 256,849 185,885 23 (2%) 9%
Debt Service 141,387 17 0 0 120,091 15 141,387 141,387 141,387 17 18% --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.30 / 1.20 1.69 / 1.58 1.41 / 1.31
DSCR (A,B) NOI/NCF 1.30 / 1.20 1.69 / 1.58 1.41 / 1.31
DSCR (A,B,C) NOI/NCF 1.30 / 1.20 1.69 / 1.58 1.41 / 1.31
Occupancy 100% 96%

BINDAY REALTY LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

ADVOCATE BROKERAGE CORP 4,400.00 54.32 37.27 09/30/2016 Loan Property Balance
R BINDAY PLANS & CONC LTD 1,300.00 16.05 34.38 09/30/2016 P & I (Current) 141,387 141,387 1,966,057
ANN ROSE SIMON, PSCH 400.00 4.94 29.85 03/31/2010 Tax 46,967 46,967 14,829
Insurance 3,908 3,908 3,004
Status: Performing
Reserves:
Replacement 6,804 6,804 16,494
Leasing 2,025 2,025 4,909
Total: 201,090 201,090
2008: As Square Footage is not provided in the Rent Roll Occupancy is not updated.
Expense: Real Estate Taxes/Property Insurance adjusted per Servicers record. Management Fees adjusted to 4% of EGI per UW.
Capital Expense: Capital Expenditure/ Tenant Improvement & Leasing Commission adjusted as per UW.
2007: Square feet details are not given in the rent roll hence rent roll & occupancy is not updated. Please provide the detailed rent roll. 3/28/2008 - Pramod Kola
Income: Interest Only Loan till 11/30/2007.
Expense: Real Estate Taxes/Property Insurance adjusted per Servicer Record. Management Fees adjusted to 4% of EGI per UW
Capital Expense: Capital Expenditure and Tenant Improvement/Leasing Commission adjusted per UW.
DSCR: Dedt Service adjusted per Servicer Record. Assuming debt service as Amortization for the entire year DSCR would be 1.34x.
Base:
05/12/2009 8:28:40 AM Page 185 Of 241

RANCHO ALTA MIRA 4900 WEST CRAIG ROAD, LAS VEGAS, NV
SHOPPING CENTER
Income
Gross Potential Rent 0 0 0 0 0 0 849,755 849,755 849,755 24 -- --
Vacancy/Collection Loss 0 0 0 0 0 0 (500) (500) (500) 0 -- --
Base Rent 1,117,568 32 0 0 910,855 26 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 52,084 1 20,768 20,768 20,768 1 (60%) --
Expenses
Janitorial 0 0 0 0 2,100 0 2,651 2,651 2,651 0 26% --
Management Fees 0 0 0 0 58,917 2 60,552 60,552 56,933 2 (3%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 809,057 23 0 0 807,602 23 946,900 946,900 802,466 23 (1%) (1%)
Debt Service 530,844 15 0 0 530,844 15 532,298 532,298 532,298 15 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.62 / 1.52 1.61 / 1.52 1.60 / 1.51
DSCR (A,B) NOI/NCF 1.62 / 1.52 1.61 / 1.52 1.60 / 1.51
DSCR (A,B,C) NOI/NCF 1.62 / 1.52 1.61 / 1.52 1.60 / 1.51

ALTA MIRA SHOPPING CENTER LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Blockbuster Video 4,978.00 14.04 26.88 11/30/2011 Loan Property Balance
United Blood Services 3,386.00 9.55 24.35 01/31/2011 P & I (Current) 541,024 541,024 9,200,000
Dr. Ken k. Doung.DDS 2,064.00 5.82 27.83 06/17/2009 Tax 66,095 66,095 16,524
Insurance 7,497 7,497 7,497
Status: Performing
Reserves:
Replacement 5,319 5,319 12,447
Commissions
Total: 619,935 619,935
05/12/2009 8:28:40 AM Page 186 Of 241

2008:
Income: Interest only Loan. Prior year Cam Reconcialition / Prior year INS Reconcialition / Prior year TAX Reconcialition adjusted out.
Expense: Real Estate Taxes / Property Insurance adjusted per Servicer record. Management fees adjusted to 5% of EGI.
Capital Expense: Capital Expenditures & Tenant Improvements / Leasing Commission adjusted per UW.
2007:
Income: Interest only Loan. Prior Year CAM Reconcialiation adjusted out.
Expense: Real Estate Taxes / Property Insurance adjusted per Servicer Record. Management Fees adjusted to 5% of EGI.
Base:
FOREST HILL CORPORATE 3860 FOREST HILL IRENE RD, #110, MEMPHIS, TN
CENTER
Income
Base Rent 1,163,038 15 0 0 878,980 11 714,698 714,698 714,698 9 (19%) (39%)
Percentage Rent 0 0 0 0 59,444 1 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 2,798 0 0 0 0 0 -- --
Effective Gross Income 1,163,038 15 0 0 1,136,797 15 989,762 989,762 989,762 13 (13%) (15%)
Expenses
Janitorial 0 0 0 0 19,030 0 18,054 18,054 18,054 0 (5%) --
Management Fees 0 0 0 0 50,921 1 38,778 38,778 39,590 1 (22%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 739,922 9 0 0 791,414 10 772,768 772,768 724,200 9 (8%) (2%)
Debt Service 615,524 8 0 0 512,328 7 384,597 384,597 384,597 5 (25%) (38%)
Debt Service - B 0 0 0 0 84,510 1 63,441 63,441 63,441 1 (25%) --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.36 / 1.20 1.74 / 1.54 2.08 / 1.88
DSCR (A,B) NOI/NCF 1.36 / 1.20 1.49 / 1.33 1.78 / 1.62
DSCR (A,B,C) NOI/NCF 1.36 / 1.20 1.49 / 1.33 1.78 / 1.62

POAL FH, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:
05/12/2009 8:28:40 AM Page 187 Of 241

Mid-American Specialties 28,868.00 36.97 11.73 06/30/2011 Loan Property Balance
FedEx 14,751.00 18.89 11.73 11/30/2016 P & I (Current) 522,153 522,153 8,792,250
Interactive Solutions 10,338.00 13.24 11.37 02/28/2011 Tax 189,926 189,926 58,766
Insurance 10,518 10,518 12,432
Status: Performing
Reserves:
Replacement 10,932 10,932 911
Commissions
Total: 769,530 769,530
2008: In Q308 Borrower Rent Roll, he has given 75000 Sqft as total Sqft and 74180 as Occupied Sqft, But the tenant 104A Vacant / Master Lease (1407 Sqft) he has treated it as Occupied, hence i
considered it as occupied unit. Please check and advise.
Income: Interest only loan. Debt B # 3225059
Expense: Real Estate Taxes & Property Insurance adjusted per YE 07 figures. Management Fee adjusted to 4% of EGI per UW.
2007:
Income: Interest Only Loan. Prepaid Income adjusted out. Debt#B - 3225059.
Expense: Real Estate Taxes/Property Insurance adjusted per Servicer Record. Management Fees represents borrowers actual @4.48% of EGI.
Base:
05/12/2009 8:28:40 AM Page 188 Of 241

WALGREEN'S-MENTOR 7320 LAKESHORE BLVD, MENTOR, OH
Retail 2/28/2007 - 12 mos 12/31/2007 - 12 mos
Income
Base Rent 369,313 30 0 0 0 0 161,200 161,200 161,200 13 -- (56%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 6,448 6,448 6,448 1 -- --
Other Expenses 0 0 0 0 0 0 8,903 8,903 8,903 1 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 333,498 27 0 0 0 0 141,405 141,405 133,480 11 -- (60%)
Debt Service 263,778 21 0 0 0 0 92,182 92,182 92,182 7 -- (65%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 69,720 6 0 0 0 0 49,223 49,223 41,299 3 -- (41%)
DSCR (A) NOI/NCF 1.34 / 1.26 1.54 / 1.45
DSCR (A,B) NOI/NCF 1.34 / 1.26 1.54 / 1.45
DSCR (A,B,C) NOI/NCF 1.34 / 1.26 1.54 / 1.45
Occupancy 100% 100%
Management 4.0%

CSS-BRECKSVILLE LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Walgreens-Mentor 12,400.00 100.00 13.25 06/30/2015 Loan Property Balance
P & I (Current) 263,778 110,787 3,754,118
Insurance 0 0 0
Reserves:
Replacement 8,964 3,765 20,977
Commissions
Total: 272,742 114,552
2007:
Expense: Insurance adjusted out. Tenant is responsible to pay all Taxes, Insurance and Common Area Maintenance expenses. Management Fees represents Borrower actuals @ 4% of EGI per UW.
Base:
05/12/2009 8:28:40 AM Page 189 Of 241

WALGREEN'S-BRECKSVILLE 8966-8974 BRECKSVILLE ROAD, BRECKSVILLE, OH
Retail 2/28/2007 - 12 mos 12/31/2007 - 12 mos
Income
Base Rent 369,313 30 0 0 0 0 221,875 221,875 221,875 18 -- (40%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 8,875 8,875 8,875 1 -- --
Other Expenses 0 0 0 0 0 0 8,949 8,949 8,949 1 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 333,498 27 0 0 0 0 198,672 198,672 187,465 15 -- (44%)
Debt Service 263,778 21 0 0 0 0 127,298 127,298 127,298 10 -- (52%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.34 / 1.26 1.57 / 1.47
DSCR (A,B) NOI/NCF 1.34 / 1.26 1.57 / 1.47
DSCR (A,B,C) NOI/NCF 1.34 / 1.26 1.57 / 1.47
Occupancy 100% 100%
Management 4.0%

CSS-BRECKSVILLE LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Walgreens-Brecksville 12,500.00 100.00 18.00 06/30/2015 Loan Property Balance
P & I (Current) 263,778 152,992 3,754,118
Insurance 0 0 0
Reserves:
Replacement 8,964 5,199 20,977
Commissions
Total: 272,742 158,191
2007:
Expense: Insurance adjusted out. Tenant is responsible to pay all Taxes, Insurance and Common Area Maintenance expenses. Management Fees represents Borrower actuals @4% of EGI per UW.
Base:
05/12/2009 8:28:40 AM Page 190 Of 241

WALGREEN'S AT OAKLAND 3520 BALDWIN ROAD, LAKE ORION, MI
Income
Base Rent 395,200 27 0 0 362,267 24 395,200 395,200 395,200 27 9% --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 12,174 1 0 0 8,842 1 (27%) --
General & Administrative Expenses 7,904 1 0 0 606 0 301 301 301 0 (50%) (96%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Capital Expenditures 1,482 0 0 0 1,482 0 0 0 1,482 0 0% 0%
Net Cash Flow 385,814 26 0 0 334,855 23 336,996 336,996 328,974 22 (2%) (15%)
Debt Service 304,362 21 0 0 252,550 17 253,242 253,242 253,242 17 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.27 / 1.27 1.33 / 1.33 1.30 / 1.30
DSCR (A,B) NOI/NCF 1.27 / 1.27 1.33 / 1.33 1.30 / 1.30
DSCR (A,B,C) NOI/NCF 1.27 / 1.27 1.33 / 1.33 1.30 / 1.30
Occupancy 100% 100% 100%

ORION GREEN, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

WALGREEN CO. #9251 (ORION GREEN) 14,820.00 100.00 26.67 09/30/2031 Loan Property Balance
P & I (Current) 304,362 304,362 4,351,444
Status: Performing
Total: 304,362 304,362
2008:
Income: NNN Lease. Single Tenant. Interest only loan.
Expense: +61% variance in Total Operating Expenses is mainly due to increase in Professional fees. Propfessional fee increased by $42450 with 323% increase when compared with YE07 figures.Real Estate
taxes represents borrowers actual. Property Insurance adjsuted. Management fee adjusted to 2% on EGI per UW. Tenant pays directly for Real Estate Tax & Property Insurance .
DSCR: Debt Service adjsuted per servicer record.
2007:
Income: New Loan. Loan originated 12/8/2006. Single Tenant. Interest only loan.
Expense: Tenant is responsible to pay Taxes, Insurance, CAM expenses. Real estate taxes represents borrower actual. Property Insurance adjusted out. Management fees adjusted to 3% of EGI.
Base:
05/12/2009 8:28:40 AM Page 191 Of 241

WALGREEN'S AT MISHAWAKA 3425 BREMAN HIGHWAY, MISHAWAKA, IN
Income
Base Rent 283,149 19 0 0 240,871 16 283,150 283,150 283,150 19 18% --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 4,817 0 0 0 6,088 0 26% --
General & Administrative Expenses 5,663 0 0 0 276 0 540 540 540 0 95% (90%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 276,004 19 0 0 202,179 14 283,959 283,959 276,388 19 37% 0%
Debt Service 217,998 15 0 0 180,888 12 181,383 181,383 181,383 12 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.27 / 1.27 1.13 / 1.12 1.53 / 1.52
DSCR (A,B) NOI/NCF 1.27 / 1.27 1.13 / 1.12 1.53 / 1.52
DSCR (A,B,C) NOI/NCF 1.27 / 1.27 1.13 / 1.12 1.53 / 1.52
Occupancy 100% 100% 100%

IRELAND GREEN, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Walgreens 14,820.00 100.00 19.11 09/30/2031 Loan Property Balance
P & I (Current) 217,998 217,998 3,116,709
Status: Performing
Total: 217,998 217,998
2008:
Income: +35% & +36% Variance in NOI/NCF DSCR respectively and +26 Variance in Effective Gross Income is due to Increase in Rental Income from $240,870.97 in YE07 to $283,149.97 in YE08 and
Expense Reimbursement of $21,258.75 in YE08 which was not reported in YE07. NNN Single Tenant. Interest only loan.
Expense: -29% Variance in Total Operating Expenses is due to decrease in Professional Fees from $31,352.57 in YE07 to $2,125 in YE08. Tenant is responsible for Real Estate Taxes and property Insurance.
Management fees adjusted to 2% of EGI per UW.
Capital Expense: Capital expenditure adjusted per UW.
2007:
Income: NNN Single Tenant. Interest only loan.
Expense: Tenant is responsible for Real Estate Taxes and property Insurance. Management fees adjusted to 2% of EGI per UW.
Capital Expense: Capital expenditure adjusted per Servicer record.
Base:
05/12/2009 8:28:40 AM Page 192 Of 241

SPRING CREEK MEDICAL 24727 TOMBALL PARKWAY, TOMBALL, TX
CENTER
Income
Base Rent 837,526 37 0 0 727,213 33 730,652 730,652 730,652 33 0% (13%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 4,123 0 8,508 8,508 8,508 0 106% --
Effective Gross Income 837,526 37 0 0 1,001,039 45 983,710 983,710 983,710 44 (2%) 17%
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 50,052 2 36,533 36,533 49,186 2 (2%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 576,448 26 0 0 713,574 32 724,109 724,109 677,309 30 (5%) 17%
Debt Service 460,204 21 0 0 460,204 21 460,204 460,204 460,204 21 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.35 / 1.25 1.65 / 1.55 1.57 / 1.47
DSCR (A,B) NOI/NCF 1.35 / 1.25 1.65 / 1.55 1.57 / 1.47
DSCR (A,B,C) NOI/NCF 1.35 / 1.25 1.65 / 1.55 1.57 / 1.47
Occupancy 100% 100% 100%

NW HOUSTON MOB II, LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Tomaball Surgery Center 12,584.00 56.32 44.15 12/31/2020 Loan Property Balance
Tomball Imaging 6,331.00 28.33 18.21 02/28/2016 P & I (Current) 460,204 460,204 6,313,047
Express Emergency Room 3,430.00 15.35 17.69 05/30/2011 Tax 105,048 105,048 43,769
Insurance 17,537 17,537 8,769
Status: Performing
Reserves:
Commissions
Total: 583,683 583,683
2008:
Expense: Real Estate Taxes adjusted per Servicer record. Property Insurance represents borrowers actuals. Management fees adjusted to 5% of EGI per UW.
Capital Expense: Capital Expenditure / Tenant Improvements & Leasing Commission adjusted per UW.
2007:
Expense: Real Estate Taxes represents Borrower Actuals. Property Insurance adjusted per Servicer Record. Management Fee adjusted to 5% of EGI per UW.
Base:
05/12/2009 8:28:40 AM Page 193 Of 241

GIANT EAGLE-TALLMADGE 205 WEST AVENUE, TALLMADGE, OH
Income
Base Rent 665,437 10 0 0 700,460 10 727,116 727,116 700,460 10 -- 5%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 665,437 10 0 0 792,447 11 1,062,698 1,062,698 1,036,042 15 31% 56%
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 15,849 0 20,721 20,721 20,721 0 31% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 651,778 9 0 0 675,146 10 704,949 704,949 671,288 10 (1%) 3%
Debt Service 541,281 8 0 0 446,728 6 447,951 447,951 447,951 6 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.22 / 1.20 1.53 / 1.51 1.51 / 1.50
DSCR (A,B) NOI/NCF 1.22 / 1.20 1.53 / 1.51 1.51 / 1.50
DSCR (A,B,C) NOI/NCF 1.22 / 1.20 1.53 / 1.51 1.51 / 1.50
Occupancy 100% 100% 100%

GE TALLMADGE PORTFOLIO LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

west avenue 70,046.00 100.00 10.00 08/31/2016 Loan Property Balance
P & I (Current) 455,295 455,295 7,840,000
Status: Performing
Total: 455,295 455,295
2008:
Income: +31% variance in Effective Gross Income is due to increase in Expenses Reimbursement by $243595 when compared with YE07. Single Tenant. Interest only Loan. Rent smoothing adjusted out.
Expense: +224% variance in Total Operating Expenses respectively is due to increase in Real Estate Taxes & Management Fees by $243595 & $4872 when compared with YE07. Real Estate Taxes /
Property Insurance represents borrowers actuals. Tenant is responsible for taxes, insurance and CAM expenses. Management Fees represents borrowers actuals @ 2% of EGI.
2007:
Income: NNN Lease. Single Tenant. Interest only Loan. Rent Smoothing adjusted out.
Expense: Real Estate Taxes / Property Insurance represents borrowers actuals. Tenant is responsible for taxes, insurance and CAM expenses. Management Fees represents borrowers actuals @ 2% of EGI.
Income Taxes adjusted out.
Base:
05/12/2009 8:28:40 AM Page 194 Of 241

CORNELL HOME CENTER 17305 & 17235 NW CORRIDOR CT, BEAVERTON, OR
Income
Base Rent 816,285 19 0 0 687,675 16 556,036 556,036 556,036 13 (19%) (32%)
Percentage Rent 0 0 0 0 34,523 1 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 5,971 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 35,430 1 20,724 20,724 27,290 1 (23%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 594,831 14 0 0 659,497 16 526,044 526,044 467,500 11 (29%) (21%)
Debt Service 420,394 10 0 0 420,394 10 420,394 420,394 420,394 10 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.54 / 1.41 1.69 / 1.57 1.24 / 1.11
DSCR (A,B) NOI/NCF 1.54 / 1.41 1.69 / 1.57 1.24 / 1.11
DSCR (A,B,C) NOI/NCF 1.54 / 1.41 1.69 / 1.57 1.24 / 1.11
Occupancy 100% 100% 83%

CORNELL HOME COURT LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Sleep Country USA 13,355.00 31.86 13.11 05/31/2010 Loan Property Balance
Fishel's Inc. 12,375.00 29.52 17.00 05/31/2010 P & I (Current) 420,394 420,394 5,732,326
Office Furniture/Dining Rooms Unlimited 8,900.00 21.23 22.50 06/30/2011
Total: 420,394 420,394
Status: Performing
2008:
Income: -23% Variance in Effective Gross Income & -27% & -29% Variance in NOI/NCF DSCR respectively is due to decrease in Rental Income from $687,674.94 in YE07 to $556,035.78 in YE08
Expenses Reimbursement from $157,589.03 in YE07 to $126,220.56 in YE08 and Other income of $5,971 in YE07 which is not reported in YE08.
Expense: Real Estate Taxes & Property Insurance represents Borrowers actual. Management Fees adjusted to 4% of EGI per UW.
Capital Expense: Capital Expenditures & Tenant Improvements / Leasing Commission adjusted per UW.
2007:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrowers actual. Management Fees adjusted to 4% of EGI per UW.
Base:
05/12/2009 8:28:40 AM Page 195 Of 241

WEST BRANCH WALGREENS 2480 EAST HOUGHTON AVENUE, WEST BRANCH, MI
Income
Base Rent 299,000 20 0 0 274,083 18 299,000 299,000 299,000 20 9% --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 5,918 0 0 0 6,387 0 8% --
General & Administrative Expenses 5,980 0 0 0 581 0 301 301 301 0 (48%) (95%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 291,538 20 0 0 260,128 18 292,562 292,562 284,547 19 9% (2%)
Debt Service 238,845 16 0 0 197,457 13 197,998 197,998 197,998 13 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.23 / 1.22 1.32 / 1.32 1.44 / 1.44
DSCR (A,B) NOI/NCF 1.23 / 1.22 1.32 / 1.32 1.44 / 1.44
DSCR (A,B,C) NOI/NCF 1.23 / 1.22 1.32 / 1.32 1.44 / 1.44
Occupancy 100% 100% 100%

WEST BRANCH GREEN LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 238,845 238,845 3,435,198
Status: Performing
Total: 238,845 238,845
2008:
Income: Single Tenant. Interest Only Loan.
Expense: Real Estate taxes adjusted per Servicer record. Property Insurance represents Borrowers actual. Management Fee adjusted to 2% of EGI per UW.
Capital Expense: capital expenditure adjusted as per UW.
DSCR: Debt Service adjusted as per servicer record.
2007: Done By Gayatri
Income: Single Tenant. Interest Only Loan.
Expense: Real Estate taxes / Property Insurance represents Borrowers actual. Management Fee adjusted to 2% of EGI per UW.
Capital Expense: capital expenditure adjusted as per UW.
DSCR: Debt Service adjusted as per servicer record.
Base:
BALLY'S WEST PALM BEACH 501 VILLAGE BOULEVARD, WEST PALM BEACH, FL
05/12/2009 8:28:40 AM Page 196 Of 241

Athletic/Health Club 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 607,500 17 0 0 675,000 18 675,000 675,000 675,000 18 -- 11%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 607,500 17 0 0 675,000 18 675,000 675,000 675,000 18 -- 11%
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 20,250 1 0 0 20,250 1 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 18,225 0 0 0 20,250 1 0 0 20,250 1 -- 11%
Net Operating Income 589,275 16 0 0 654,750 18 675,000 675,000 654,750 18 -- 11%
Net Cash Flow 556,532 15 0 0 622,008 17 675,000 675,000 622,008 17 -- 12%
Debt Service 355,449 10 0 0 355,449 10 356,423 356,423 356,423 10 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.66 / 1.57 1.84 / 1.75 1.84 / 1.75
DSCR (A,B) NOI/NCF 1.66 / 1.57 1.84 / 1.75 1.84 / 1.75
DSCR (A,B,C) NOI/NCF 1.66 / 1.57 1.84 / 1.75 1.84 / 1.75
Occupancy 100% 100% 100%

WPB VILLAGE 1 LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Ballys Fitness Center 36,680.00 100.00 18.40 06/30/2021 Loan Property Balance
P & I (Current) 362,266 362,266 6,000,000
Reserves:
04/09/2009 - 4E - Bankruptcy - Tenant >30% NRA; and previously, 2C - Trigger Event. Loan is secured
by a 36,680 sf health club in West Palm Beach, FL, built in 1987. The 3/13/2008 inspection rated the
subject in Good condition. Property is 100% occupied by a single tenant, Bally Total Fitness. YE Total: 362,266 362,266
12/31/2008 NCF DSCR is 1.75x, same as YE 2007 and 3Q08, and above U/W. Bally's lease term is
7/1/2006 - 6/30/2021 and rate is $18.50 psf/yr NNN (RET, PINS & TOE). Borrower reports Rents only.
On 12/3/2008 Bally Total Fitness Corporation ("Bally") filed for voluntarily chapter 11 bankruptcy
protection. Bally's BK is a Trigger Event under Section 15.1(c) of the Loan Agreement, which permits
(but does not require) the Bwr to file a $474,436 LOC in order to retain the non-recourse status of the
Loan. Borrower proposed posting a CD instead of an LOC for the same amount. Following BofA
counsel review, a CD in the amount of $474,436 was accepted as a substitute to the LOC, and posted
as additional Loan collateral, on 1/9/2009. Bwr's counsel indicated the subject is fully operational, a
very busy location, and the lease has not been rejected, unlike 19 other Bally locations. Loan has cured
for the Trigger Event, therefore CMSA code 2C has been removed. The Loan will be retained on the
WL due to the tenant BK; Bank of America will continue to closely monitor the Loan.
05/12/2009 8:28:40 AM Page 197 Of 241

2008:
Income: Interest Only. NNN Lease Single Tenant.
Expense: Tenant is responsible for payment of Taxes, Insurance and Operating Expenses. Management Fees adjusted to 3% of EGI per UW.
Capital Expense: Capital Expenditures &Tenant Improvements / Leasing Commission adjusted per UW.
DSCR: Debt Service adjsuted per Servicer Record.
2007:
Income: Interest Only. NNN Lease Single Tenant.
Expense: Management Fees adjusted to 3% of EGI per UW.
Base:
CERTIFICATE OF DEPOSIT

WPB VILLAGE 1 LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 362,266 362,266 6,000,000
Reserves:
04/09/2009 - 4E - Bankruptcy - Tenant >30% NRA; and previously, 2C - Trigger Event. Loan is secured
by a 36,680 sf health club in West Palm Beach, FL, built in 1987. The 3/13/2008 inspection rated the
subject in Good condition. Property is 100% occupied by a single tenant, Bally Total Fitness. YE Total: 362,266 362,266
12/31/2008 NCF DSCR is 1.75x, same as YE 2007 and 3Q08, and above U/W. Bally's lease term is
7/1/2006 - 6/30/2021 and rate is $18.50 psf/yr NNN (RET, PINS & TOE). Borrower reports Rents only.
On 12/3/2008 Bally Total Fitness Corporation ("Bally") filed for voluntarily chapter 11 bankruptcy
protection. Bally's BK is a Trigger Event under Section 15.1(c) of the Loan Agreement, which permits
(but does not require) the Bwr to file a $474,436 LOC in order to retain the non-recourse status of the
Loan. Borrower proposed posting a CD instead of an LOC for the same amount. Following BofA
counsel review, a CD in the amount of $474,436 was accepted as a substitute to the LOC, and posted
as additional Loan collateral, on 1/9/2009. Bwr's counsel indicated the subject is fully operational, a
very busy location, and the lease has not been rejected, unlike 19 other Bally locations. Loan has cured
for the Trigger Event, therefore CMSA code 2C has been removed. The Loan will be retained on the
WL due to the tenant BK; Bank of America will continue to closely monitor the Loan.
ROBINDALE PARK MHC 1103 ROBINDALE DRIVE, FENTON, MO
05/12/2009 8:28:40 AM Page 198 Of 241

Unknown 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 576,119 2,643 0 0 528,234 2,423 519,849 519,849 519,849 2,385 (2%) (10%)
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 13,860 64 12,967 12,967 12,967 59 (6%) --
Effective Gross Income 576,119 2,643 0 0 542,094 2,487 532,816 532,816 532,816 2,444 (2%) (8%)
Expenses
Management Fees 0 0 0 0 27,105 124 26,404 26,404 26,404 121 (3%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 357,077 1,638 0 0 218,994 1,005 188,137 188,137 191,562 879 (13%) (46%)
Net Cash Flow 346,177 1,588 0 0 208,094 955 188,137 188,137 180,662 829 (13%) (48%)
Debt Service 294,049 1,349 0 0 240,506 1,103 241,165 241,165 241,165 1,106 0% (18%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 52,127 239 0 0 (32,412) (149) (53,028) (53,028) (60,502) (278) 87% (216%)
DSCR (A) NOI/NCF 1.21 / 1.18 0.91 / 0.87 0.79 / 0.75
DSCR (A,B) NOI/NCF 1.21 / 1.18 0.91 / 0.87 0.79 / 0.75
DSCR (A,B,C) NOI/NCF 1.21 / 1.18 0.91 / 0.87 0.79 / 0.75
Occupancy 89% 72%

ROBINDALE PARK MHC LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 294,049 294,049 4,300,923
02/10/2009 - 1E - DSCR < 1.10; 1F - DSCR < 1.40 & < or = 75% U/W. Loan is secured by a 218-unit
Insurance 7,536 7,536 6,280
mobile home community in Fenton, MO, built in 1983 and renovated in 1996. The 4/14/2008 inspection
rated the Property in Good condition. YTD 9/30/2008 NCF DSCR is 0.75x with 72% Occupancy as of Reserves:
10/9/2008. Loan was U/W at 1.18x with 88.5% Occ based on 233 units. DSCR decline is attributed to Replacement 10,900 10,900 25,597
decreased Occupancy and Income, and certain increased Operating Expenses, specifically, R&M, GA,
and P&B. The 2008 inspection report indicated a factor in the reduced property performance: "There Tenant Improvements and Leasing 0 0 100,806
are no amenities and the community has currently 15 unusable pads or lots due to concrete Commissions
deterioration." Bank of America is in the process of verifying with Borrower the reasons for Occupancy Total: 350,933 350,933
decline, and if any of the increased expenses were actually non-recurring expenses that might be
adjusted from analysis. Historically, the Borrower had mingled some CapEx road and UTL repairs in
general R&M expenses, as well as a one time non-recurring expense of $5,000 for training the property
manager; the adjusted analysis resulted in the Loan being removed from the watchlist last year. Bank
of America is also requesting Bwr's plans to restore the 15 unusable pads to leaseable condition;
awaiting a response.
2008:
Expense: Real Estate Taxes represents borrower actual. Property Insurance adjusted per servicer record. Management fee represents borrower actual @ 4.95% of EGI.
Capital Expense: Capital expenditure adjusted as per UW.
DSCR: Debt Service adjusted per Servicer record. Low DSCR is due to low rental income combined with high Repairs & maintenance, payroll & benefits and general & administrative expenses reported by
the borrower if compared with UW.
2007: In Q2 07 analysis there were few adjustments in Repairs & Maintenance/ General & Administration expenses , which are not considered for YE 07 analysis. Done by Gayatri.
Expense: Real estate taxes adjusted as per servicer record. Property Insurance represents Borrowers actual. management Fee adjusted to 5% of EGI.
Capital Expense: Capital expenditure adjusted as per UW.
DSCR: Debt Service adjusted per Servicer record. Low DSCR is due to low rental income combined with high Repairs & maintenance/ General & Administration & Payroll & Benefits expenses.
Base:
05/12/2009 8:28:40 AM Page 199 Of 241

ROCKY KNOLL ESTATES MHC 193 TREMONT STREET, TAUNTON, MA
Unknown 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 475,149 3,300 0 0 528,243 3,668 578,710 578,710 578,710 4,019 10% 22%
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 50 0 1,775 1,775 1,775 12 3450% --
Expenses
Management Fees 0 0 0 0 26,415 183 17,455 17,455 23,219 161 (12%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 303,058 2,105 0 0 202,639 1,407 421,446 421,446 411,268 2,856 103% 36%
Debt Service 264,345 1,836 0 0 253,793 1,762 254,488 254,488 254,488 1,767 0% (4%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 38,713 269 0 0 (51,154) (355) 166,958 166,958 156,780 1,089 (406%) 305%
DSCR (A) NOI/NCF 1.17 / 1.15 0.83 / 0.80 1.64 / 1.62
DSCR (A,B) NOI/NCF 1.17 / 1.15 0.83 / 0.80 1.64 / 1.62
DSCR (A,B,C) NOI/NCF 1.17 / 1.15 0.83 / 0.80 1.64 / 1.62
Occupancy 100% 100% 100%

ROCKY KNOLL ESTATES MHC LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 258,660 258,660 4,400,000
Insurance 6,093 6,093 3,316
Reserves:
Replacement 12,240 12,240 21,840
Hold Back 0 0 604,828
Total: 306,957 306,957
2008:
Expense: Huge Variance in NOI / NCF DSCR respectively and -49% Variance in Total Operating Expenses is due to decrease in Utility expenses by $80550 / Professional fee by $37675 and Repairs and
Maintenance by $31009 and General & Administrative expenses by $21725. Real Estate Taxes represents borrowers actual. Property Insurance adjusted per Servicer record. . Management fee
adjusted to 4% of EGI per UW.
2007:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrowers actual. Management Fees adjusted to 5% of EGI. Corporate Income Tax adjusted out.
DSCR: Debt Service adjusted per Servicer Record. Low DSCR is due to increase in Repairs and Maintenance and Utilities expenses when compared with UW. Repairs & Maintenance expenses increased
to $49,461.83 when compared with UW of $11,202 similarly Utilities expenses has increased to $88,132.08 when compared with UW of $56,027.
Base:
05/12/2009 8:28:40 AM Page 200 Of 241

ROWAN TOWERS 8050 ROWAN ROAD, CRANBERRY TOWNSHIP, PA
Income
Base Rent 936,383 19 720,102 14 970,821 19 1,066,404 1,066,404 1,066,404 21 10% 14%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 936,383 19 720,102 14 970,821 19 1,066,404 1,066,404 1,066,404 21 10% 14%
Expenses
Repairs and Maintenance 0 0 57,237 1 71,188 1 0 0 0 0 -- --
Janitorial 0 0 0 0 0 0 97,959 97,959 97,959 2 -- --
Management Fees 0 0 28,804 1 38,833 1 0 0 42,656 1 10% --
Professional Fees 0 0 3,914 0 1,572 0 0 0 0 0 -- --
General & Administrative Expenses 263,397 5 79,627 2 46,556 1 0 0 0 0 -- --
Other Expenses 0 0 1,505 0 3,256 0 53,384 53,384 53,384 1 1540% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 672,986 13 339,154 7 565,006 11 638,048 638,048 595,392 12 5% (12%)
Leasing Commissions 0 0 67,396 1 0 0 9,178 9,178 0 0 -- --
Net Cash Flow 600,550 12 266,718 5 492,570 10 628,870 628,870 522,956 10 6% (13%)
Debt Service 488,335 10 488,335 10 488,335 10 488,335 488,335 488,335 10 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 112,215 2 (221,617) (4) 4,235 0 140,535 140,535 34,621 1 717% (69%)
DSCR (A) NOI/NCF 1.38 / 1.23 0.69 / 0.55 1.16 / 1.01 1.22 / 1.07
DSCR (A,B) NOI/NCF 1.38 / 1.23 0.69 / 0.55 1.16 / 1.01 1.22 / 1.07
DSCR (A,B,C) NOI/NCF 1.38 / 1.23 0.69 / 0.55 1.16 / 1.01 1.22 / 1.07

ROWAN CORPORATE TOWERS, LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Multiserv sixth flr 8,816.00 17.49 22.50 03/31/2009 Loan Property Balance
Happy faces daycare 6,232.00 12.37 23.50 01/31/2012 P & I (Current) 488,335 488,335 6,793,063
H&R Block 5,348.00 10.61 23.00 04/30/2011 Tax 76,157 76,157 45,610
Insurance 15,496 15,496 10,587
Reserves:
03/11/2009 - 1E - DSCR < 1.10; 6A - Other (Delinquent Financial Reporting). Loan is secured by a
50,400 sf office property in Cranberry Township, PA, built in 2004. The 4/7/2008 inspection rated the Replacement 1,386 1,386 3,234
Property in Excellent condition. YE 12/31/2007 NCF DSCR is 1.01x with 93.2% Occupancy as of Tenant Improvements and Leasing 50,004 50,004 35,139
8/2008. Loan was U/W at 1.23x with 83.7% Occ. DSCR decline at YE-2007 was attributed to increased Commissions
UTL and R&M expenses. Borrower indicated in March 2008 that UTL had increased because of the Miscellaneous
need to heat and cool vacant spaces, and rates had also increased; R&M expenses could feasibly 0 0 0
include CapEx items that could be adjusted from analysis, however, sufficient line item detail is lacking Total: 631,378 631,378
from Borrower's reporting, despite multiple requests from Bank of America to provide detailed
statements. Borrower has only reported 1Q and 2Q 2008 financials to date; while a certified rent roll
dated 1/13/2009 was provided at Bank of America's request, YTD 9/30/2008 financials remain
outstanding and YE 2008 reporting is coming due. Bank of America maintains efforts to collect detailed
financials and past due reporting from the Borrower, and will continue to monitor the Loan.
05/12/2009 8:28:40 AM Page 201 Of 241

2008: No Rent roll . Hence Occupancy not Updated. Annapurna. 4/24/2009
Expense: Real Estate Taxes / Property Insurance represents borrower's actuals. Management Fees adjusted to 4% of EGI per UW.
Capital Expense: Capital Expenditure & Tenant Improvements / Leasing Commissions adjsuted per UW.
DSCR: YE 08 NCF DSCR is 1.07 .Q2 08 NCF DSCR is 0.97 with 93.22% Occupancy. DSCR continues to remain low due to increase In Utilities & Other Expenses when Compared with UW.
2007:
Income: +68% & +84% variance in NOI / NCF DSCR respectively and +35% variance in Effective gross income is due to increase in Rental income and decrease in General & Administrative and professional
fees expenses.
Expense: Real Estate Taxes adjusted per servicer record. Property Insurance represents Borrower actual. Management fees adjusted to 4% of EGI per UW.
Capital Expense: Capital Expenditure & Tenant Improvements / Leasing Commissions adjsuted per UW.
DSCR: Low DSCR is due to high Utility and Repairs & maintenance expenses. YE 2007 NCF DSCR is 1.01X with occupancy of 93.21%; YTD 9/30/2007 NCF DSCR is 0.92x with occupancy of 86.3%.U/W
DSCR was 1.23x with occupancy of 83.7%. EGI is increased to 35% when compared with YE 2007 due to increase in Rental income; 3% increased when compared with UW. Total operating
expenses is increased to 7% when compared with YE 2007 due to Utility and Repairs & maintenance expenses; 54% increased when compared with UW.
2006: RR current as of 3/27/2007. See Annual corr. -rlb 3/27/2007
Loan securitized into the BACM 2007-1 portfolio; 2006 financial information will not be reported out on 2007
deals therefore analysis unchecked. RB 05/23/07
Income: New Loan. Loan Originated on 12/20/2006.
Expense: Real Estate Tax represents borrower's actual. Property Insurance adjusted per Servicer record. Management fees adjusted to 4% of EGI per UW.
Capital Expense: Tenant Improvement / Leasing Commission / Capital expenditure adjusted per UW.
DSCR: Low DSCR is due to low Rental income combined with high Operating expenses.
Base:
INN AT GREAT NECK 30 CUTTERMILL ROAD, GREAT NECK, NY
Income
Room Revenue 4,689,265 55,168 0 0 4,792,685 56,385 4,988,635 4,988,635 4,988,635 58,690 4% 6%
Food & Beverage Revenue 0 0 0 0 160,648 1,890 155,501 155,501 155,687 1,832 (3%) --
Other Income 0 0 0 0 81,942 964 56,562 56,562 88,952 1,046 9% --
Departmental Revenue 4,689,265 55,168 0 0 5,053,177 59,449 5,209,906 5,209,906 5,242,482 61,676 4% 12%
Expenses
Departmental
Room Expenses (Departmental) 0 0 0 0 1,425,601 16,772 1,457,537 1,457,537 1,457,537 17,147 2% --
Food & Beverage Expense 0 0 0 0 116,057 1,365 158,067 158,067 158,067 1,860 36% --
(Departmental)
Telephone (Departmental) 0 0 0 0 23,395 275 25,001 25,001 25,001 294 7% --
Departmental Expenses 0 0 0 0 1,565,053 18,412 1,640,605 1,640,605 1,640,605 19,301 5% --
Departmental Income 4,689,265 55,168 0 0 3,488,124 41,037 3,569,301 3,569,301 3,601,877 42,375 3% (23%)
General/Unallocated
Real Estate Taxes 0 0 0 0 517,981 6,094 0 0 491,916 5,787 (5%) --
Franchise Fees 0 0 0 0 32,076 377 28,747 28,747 28,747 338 (10%) --
Management Fees 0 0 0 0 151,595 1,783 0 0 157,274 1,850 4% --
General & Administrative Expenses 3,708,812 43,633 0 0 313,242 3,685 374,919 374,919 346,418 4,076 11% (91%)
Other Expenses 0 0 0 0 43,963 517 39,453 39,453 39,386 463 (10%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total General/Unallocated 3,708,812 43,633 0 0 2,052,269 24,144 1,517,368 1,517,368 2,119,220 24,932 3% (43%)
Net Operating Income 980,453 11,535 0 0 1,435,855 16,892 2,051,933 2,051,933 1,482,657 17,443 3% 51%
Capital Expenditures 187,571 2,207 0 0 187,571 2,207 0 0 187,571 2,207 -- --
Total Capital Items 187,571 2,207 0 0 187,571 2,207 0 0 187,571 2,207 -- --
Net Cash Flow 792,882 9,328 0 0 1,248,285 14,686 2,051,933 2,051,933 1,295,087 15,236 4% 63%
Debt Service 452,448 5,323 0 0 452,448 5,323 453,688 453,688 453,688 5,338 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 340,434 4,005 0 0 795,837 9,363 1,598,245 1,598,245 841,399 9,899 6% 147%
DSCR (A) NOI/NCF 2.17 / 1.75 3.17 / 2.76 3.27 / 2.85
DSCR (A,B) NOI/NCF 2.17 / 1.75 3.17 / 2.76 3.27 / 2.85
DSCR (A,B,C) NOI/NCF 2.17 / 1.75 3.17 / 2.76 3.27 / 2.85
Occupancy 79% 81%
05/12/2009 8:28:40 AM Page 202 Of 241

SUSSEX GREAT NECK LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 461,125 461,125 7,500,000
Insurance 57,444 57,444 85,274
Reserves:
Replacement 93,785 93,785 93,747
Total: 1,091,474 1,091,474
2008:
Income: Interest Only Loan. Sales Discount - Returns - Amenities / Banquet - Sales Returns / write off bad debt adjusted out.
Expense: Real Estate Taxes & Property Insurance adjusted per Servicer Record. Management Fees adjusted to 3% of Departmental Revenue per Underwriting. Contributions , Damages & Loss Claims
adjusted out.
Capital Expense: Capital Expenditure adjsuted per Underwriting.
2007: Borrower has not provided Rent Roll hence Occupancy not updated. $91.30 is considered as Decoration F&B as there is no description against that amount.- Madhav 3/31/2008.
Income: Interest Only Loan. Sales Discount - Returns - Amenities / Banquet - Sales Returns adjusted out.
Expense: Real Estate Taxes & Property Insurance adjusted per Servicer Record. Management Fees adjusted to 3% of Departmental Revenue per Underwriting. Contributions , Damages & Loss adjusted out.
Capital Expense: Capital Expenditure adjsuted per Underwriting.
Base:
LAKEWOOD TOWNE CENTRE 6020 MAIN STREET SW, LAKEWOOD, WA
Income
Base Rent 516,380 18 0 0 302,608 10 372,062 372,062 372,062 13 23% (28%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 78 78 78 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 15,511 1 17,754 17,754 18,011 1 16% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Leasing Commissions 0 0 0 0 0 0 13,387 13,387 0 0 -- --
Net Cash Flow 375,126 13 0 0 262,094 9 300,663 300,663 292,290 10 12% (22%)
Debt Service 273,172 9 0 0 273,172 9 273,172 273,172 273,172 9 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 101,954 4 0 0 (11,078) 0 27,491 27,491 19,118 1 (273%) (81%)
DSCR (A) NOI/NCF 1.46 / 1.37 1.05 / 0.96 1.16 / 1.07
DSCR (A,B) NOI/NCF 1.46 / 1.37 1.05 / 0.96 1.16 / 1.07
DSCR (A,B,C) NOI/NCF 1.46 / 1.37 1.05 / 0.96 1.16 / 1.07
05/12/2009 8:28:40 AM Page 203 Of 241

LAKEWOOD TOWNE CENTRE LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Tuesday Morning 7,607.00 26.36 10.50 01/15/2012 Loan Property Balance
NAVY FEDERAL CREDIT UNION 3,254.00 11.28 14.00 09/30/2013 P & I (Current) 273,172 273,172 3,785,561
NATIONAL CITY MORTGAGE 2,027.00 7.03 20.70 12/31/2009 Tax 54,368 54,368 4,720
Insurance 11,714 11,714 9,489
Reserves:
02/10/2009 - 1E - DSCR < 1.10; 1F - DSCR <1.40 & < or = 75% U/W. Loan is secured by a single
28,815 sf retail building in Lakewood, WA, built in 1956 and renovated in 2005. The 3/13/2008 Replacement 3,751 3,751 8,778
inspection rated the Property in Good condition. YTD 9/30/2008 NCF DSCR is 1.01x with 80.2% Occ; Tenant Improvements and Leasing 0 0 2,633
YE 12/31/2007 NCF DSCR was 0.96x with 83% Occ. Loan was U/W at 1.37x with 94.4% Occ. As of Commissions
11/1/2008, Occ improved to 90%. DSCR and Occ declines appear to be attributed to early tenant loss Tenant Improvements and Leasing
and decline in Rental Income: Evergreen State Builders LLC ("Evergreen") occupied Unit 20E (i.e., 900,000 900,000 0
Commissions
20E/F/G; 4137 sf, 14.3% NRA) at a rate of $12.84 psf/year/NNN (with 3% annual base rent increases),
and had a lease from 6/1/2006 - 5/31/2011. As per the 10/27/2008 rent roll, Evergreen vacated the Tenant Improvements and Leasing 720,000 720,000 0
Property prior to lease expiration during 3Q-2008. YTD 9/30/2008 financials suggest that no early lease Commissions
termination fee was received from Evergreen; there was no Guarantor on their lease, nor was a Miscellaneous 0 0 3,818
security deposit held. The former Evergreen space has subsequently been reconfigured into two
smaller units to accommodate a new tenant. Unit 20E now measures 1368 sf (4.7% NRA), and is Total: 1,963,005 1,963,005
vacant per the 10/27/2008 rent roll; Unit "20F" is 2730 sf (9.5% NRA), and has been leased to
Ambitions of Washington Inc. ("Ambitions"), effective 11/1/2008, for a base monthly rent of
$4,095/NNN. Bank of America is awaiting Borrower's response regarding a) clarification of Evergreen's
early termination, b) a leasing update, and c) further details about the Ambitions lease. Bank of America
will continue to monitor the Loan.
2008: Commission fee coded to Leasing Commission.

Expense: +45% Variance in Total Operating Expense is due to increase in Utilities Expense , Repairs and Maintenance , Professional Fees , General & Administrative Expenses. Real Estate Taxes / Property
Insurance adjusted per Servicer Record. Management fees adjusted to @4% of EGI per UW.
DSCR: Low DSCR is due to Low Expense Reimbursements combined with increase in Utilities Expense , Repairs and Maintenance , Professional Fees , General & Administrative Expenses.
2007: analysed by Shilpa
Expense: Real Estate Taxes / Property Insurance adjusted per Servicer Record. Management fees adjsuted to 4% of EGI per UW.
DSCR: Low DSCR due to Low Rental Income caused due to low occupancy at 83.16%. In the YE 2007 NCF DSCR is 0.96 with occupancy of 83.16%.
Base:
ECKERD 4434 HIGHWAY 58, CHATTANOOGA, TN
Retail 2/28/2007 - 12 mos 12/31/2006 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
05/12/2009 8:28:40 AM Page 204 Of 241

Income
Base Rent 274,361 25 304,846 28 304,846 28 304,846 304,846 304,846 28 -- 11%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 274,361 25 304,846 28 304,846 28 304,846 304,846 304,846 28 -- 11%
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 15,242 1 15,242 1 15,242 15,242 15,242 1 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Operating Income 258,743 24 289,604 27 289,604 27 289,212 289,212 289,212 27 0% 12%
Leasing Commissions 0 0 7,675 1 7,675 1 0 0 0 0 -- --
Net Cash Flow 249,771 23 280,631 26 280,631 26 289,212 289,212 280,239 26 0% 12%
Debt Service 135,000 12 135,000 12 135,000 12 135,000 135,000 135,000 12 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.92 / 1.85 2.15 / 2.08 2.15 / 2.08 2.14 / 2.08
DSCR (A,B) NOI/NCF 1.92 / 1.85 2.15 / 2.08 2.15 / 2.08 2.14 / 2.08
DSCR (A,B,C) NOI/NCF 1.92 / 1.85 2.15 / 2.08 2.15 / 2.08 2.14 / 2.08
Occupancy 100% 100% 100% 100%

1031 CHATTANOOGA DBT Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Eckerd Corporatio 10,908.00 100.00 27.95 03/20/2021 Loan Property Balance
P & I (Current) 135,000 135,000 2,400,000
Status: Performing
Total: 135,000 135,000
2008:
Expense: Property Insurance adjusted out. Management Fees represents Borrower actuals @5% of EGI.
2007:
2006:
Income: NNN Lease. New Loan. Loan originated on 12/22/2006. Interest only loan.
Expense: Management Fees represents borrower actual @ 5% of EGI per UW. Negative Fees expense adjusted out.
Base:
05/12/2009 8:28:40 AM Page 205 Of 241

COMMERCE BANK - 116-24 GROSVENOR LANE, RICHMOND HILL, NY
GROSVENOR LANE
Retail 2/28/2007 - 12 mos
Income
Base Rent 509,512 66 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 449,317 58 0 0 0 0 0 0 0 0 -- (100%)
Debt Service 382,228 49 0 0 0 0 0 0 0 0 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.18 / 1.18
Occupancy 100%
Management

PARK LANE COMMERCE LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Commerce Bank 7,773.00 100.00 0.00 09/30/2021 Loan Property Balance
P & I (Current) 382,228 382,228 5,336,261
Status: Performing
Total: 382,228 382,228
Base:
ONE KENMARE SQUARE 210 LAFAYETTE STREET, NEW YORK, NY
05/12/2009 8:28:40 AM Page 206 Of 241

Retail - mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 0 0 0 0 667,834 56 747,863 747,863 747,863 63 12% --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 90,688 8 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 15,170 1 99,475 99,475 39,230 3 159% --
Payroll & Benefits 0 0 0 0 7,818 1 0 0 0 0 -- --
General & Administrative Expenses 0 0 0 0 379,669 32 44,286 44,286 41,014 3 (89%) --
Other Expenses 0 0 0 0 0 0 496 496 496 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Tenant Improvements 0 0 0 0 16,890 1 0 0 16,890 1 -- --
Net Cash Flow 0 0 0 0 249,444 21 573,982 573,982 621,907 52 149% --
Debt Service 0 0 0 0 479,513 40 480,826 480,826 480,826 40 0% --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 0 0 0 0 (230,068) (19) 93,156 93,156 141,080 12 (161%) --
DSCR (A) NOI/NCF 0.56 / 0.52 1.33 / 1.29
DSCR (A,B) NOI/NCF 0.56 / 0.52 1.33 / 1.29
DSCR (A,B,C) NOI/NCF 0.56 / 0.52 1.33 / 1.29
Occupancy 100% 100% 100%

KENMARE SQUARE ASSOCIATES LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

Mitchell Gold and Bob Williams 11,880.00 99.66 63.72 03/31/2017 Loan Property Balance
P & I (Current) 488,709 488,709 8,350,000
12/09/2008 - Had added but then made inactive since it is a single tenant NNN.
Reserves:
Replacement 1,311 1,311 3,068
Commissions
Hold Back 0 0 74
Total: 493,379 493,379
05/12/2009 8:28:40 AM Page 207 Of 241

2008:
Income: Interest Only Loan. Single Tenant.
Expense: Huge positive variance in NOI / NCF DSCR respectively and -71% variance in Total Operating Expenses is due to decrease in General & Administrative Expenses and Repairs & Maintenance when
compared with YE07. General & Administrative Expenses decreased from $379,668.61 in YE07 to $41,014.15 in YE08 which is mainly due to huge decrease in Commissions and Fees Expense.
Commissions and Fees Expense decreased from $355402.78 in YE07 to $9 in YE08. Repairs & Maintenance decreased from $28,623.25 in YE07 to $16,521.52 in YE08.
Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrowers actual. Management Fees adjusted to 5% of EGI. Income Tax Expense adjusted out.
2007: As per Q206 analysis, the move in date was 12/01/06, however as per YE07 the move in date is 06/01/07, and the Rental income provided the the Borrower is only for 6 months($338917.03) where
as the expenses are for 12 months. Please provide the financials with 12 months figures. Rajetha Mary. 4/10/08
Per the YE07 rent roll the move in date was 12/1/06 however the rent commencement date was not until 6/1/07 so the operating statement is correct and should be analyzed as such. The operating
statements for 1Q08 will present a more accurate picture of the true NOI since the rent will be paid for the full period. - Nancy Church6/27/08
Rental income provided the the Borrower is only for 6 months($338917.03) where as the expenses are for 12 months. Do you want us to normalize the Rental Income for 12 months and then work
on the loan? Please advice. Sailaja - 7/3/2008
Income: New Loan. Interest only Loan. Single Tenant. Lease Commencement Date is 6/1/2007. Borrower reproted 6 months rent, hence normalized to 12 months.
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrowers actual. Management Fees adjusted to 2% of EGI per Underwriting.
Capital Expense: Capital Expenditure and Tenant Improvements / Leasing Commission adjusted per Underwriting.
DSCR: Debt Service adjusted per Servicer Record. Low DSCR is due to Low Rental Income.
ALBERTSON'S RANCHO 9775 BASELINE ROAD, RANCHO CUCAMONGA, CA
CUCAMONGA
Anchored Shopping Center 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 1,013,635 11 0 0 901,519 9 862,883 862,883 862,883 9 (4%) (15%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 14,581 0 17,775 17,775 17,775 0 22% --
Expenses
Janitorial 0 0 0 0 22,752 0 23,931 23,931 23,931 0 5% --
Management Fees 0 0 0 0 31,054 0 26,034 26,034 30,669 0 (1%) --
Other Expenses 0 0 0 0 2,176 0 20 20 20 0 (99%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Leasing Commissions 0 0 0 0 21,267 0 2,000 2,000 0 0 (100%) --
Net Cash Flow 637,843 7 0 0 737,692 8 672,686 672,686 709,307 7 (4%) 11%
Debt Service 579,848 6 0 0 579,848 6 579,848 579,848 579,848 6 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.16 / 1.10 1.33 / 1.27 1.28 / 1.22
DSCR (A,B) NOI/NCF 1.16 / 1.10 1.33 / 1.27 1.28 / 1.22
DSCR (A,B,C) NOI/NCF 1.16 / 1.10 1.33 / 1.27 1.28 / 1.22

RANCHO PARTNERS, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:
05/12/2009 8:28:40 AM Page 208 Of 241

ALBERTSON'S 44,310.00 46.24 3.03 11/30/2009 Loan Property Balance
DOLLAR TREE 20,000.00 20.87 11.85 03/31/2018 P & I (Current) 579,848 579,848 8,109,631
MYUNG DONG TOFU REST 2,475.00 2.58 23.62 03/31/2015 Tax 163,599 163,599 22,153
Insurance 20,471 20,471 27,829
Reserves:
Tenants Rollover > 30% NRA (a combination of top 3 tenants with lease expirations within next 6 Leasing Commissions 0 0 0
months). Loan is secured by a 101,314 sf anchored retail shopping center in Rancho Cucamonga, CA, Replacement 18,207 18,207 91,471
built in 1979. The 4/24/2008 inspection rated the Property in Good condition. YE 12/31/2008 NCF
DSCR is 1.22x (well above U/W 1.10x) with 80.4% Occupancy. Lease Rollover applies to the Property's
Commissions
anchor tenant, an Albertson's grocery. Albertson's has occupied 44,310 sf (43.7% NRA) since
12/1/1994 and has an 11/30/2009 lease expiration. Albertson's 15-year lease provides for five 5-year Tenant Improvements and Leasing 0 0 0
Options to extend their lease, with advanced written notice of Albertson's intent with regard to Commissions
exercising their first Option due to the Landlord by 6/3/2009. The 12/2008 rent roll indicates the Environmental 0 0 0
Property has five vacant units totaling 19,904 sf (19.6% NRA); this includes the Property's 3rd largest
space, unit 9749 with 9716 sf (9.6% NRA). Bank of America has contacted the Borrower to confirm if Total: 782,125 782,125
Albertson's has provided notice yet, and to determine Borrower's leasing and marketing efforts to re-
tenant the Property's vacant spaces; awaiting a response.
2008:
Expense: Real Estate Taxes and Property Insurance adjusted per Servicer Record. Management Fees adjusted to 3% of EGI per UW.
2007:
Income: Borrower reported 11 months figures hence normalized to 12 months.
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance adjusted per UW. Management Fees adjusted to 3% of EGI per Underwriting.
Capital Expense: Tenant Improvement / Leasing Commission & Capital Expenditure adjusted per Underwriting.
Base:
BURBANK VILLAGE WALK 150 SAN FERNANDO BLVD, BURBANK, CA
Income
Base Rent 621,802 45 0 0 532,593 39 413,760 413,760 413,760 30 (22%) (33%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 25 25 25 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 24,827 2 9,075 9,075 21,588 2 (13%) --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 471,456 34 0 0 458,626 33 376,782 376,782 354,775 26 (23%) (25%)
Debt Service 370,668 27 0 0 308,338 22 309,183 309,183 309,183 22 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.31 / 1.27 1.53 / 1.49 1.19 / 1.15
DSCR (A,B) NOI/NCF 1.31 / 1.27 1.53 / 1.49 1.19 / 1.15
DSCR (A,B,C) NOI/NCF 1.31 / 1.27 1.53 / 1.49 1.19 / 1.15
Occupancy 100% 100% 100%
05/12/2009 8:28:40 AM Page 209 Of 241

HILLCREST BVW ASSOCIATES, LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

VOLCANO GRILL,INC 7,000.00 50.75 36.00 07/31/2016 Loan Property Balance
LION ROCK ENTERPRISES C/O GLENN LEO 2,342.00 16.98 41.40 06/30/2016 P & I (Current) 370,668 370,668 5,282,424
ANITA WALIA 2,250.00 16.31 41.43 11/30/2016 Tax 74,877 74,877 12,567
Insurance 6,908 6,908 4,525
Status: Performing
Reserves:
Commissions
Total: 453,149 453,149
2008:
Expense: Real Estate Taxes represents borrowers actual. Property Insurance adjusted as per Servicer Record. Management Fees adjusted to 4% of EGI per UW.
DSCR: -22% & -23% variance in NOI / NCF DSCR respectively is due to decrease in Rental income combined with increase in Professional Fees and General & Administrative Expenses. Rental Income
decreased from $532,593.20 in YE07 to $413,760.00 in YE08 and Professional Fees increased from $2,175.00 in YE07 to $12,005.00 in YE08 and General & Administrative Expenses increased
from $42,320.39 in YE07 to $50,826.00 in YE08. Debt Service adjusted per Servicer Record.
2007:
Expense: Real Estate Taxes represents Borrower Actual. Property Insurance adjusted per Underwriting. Management Fees adjusted to 4% of EGI per Underwriting.
Capital Expense: Capital Expenditure , Tenant Improvements & Leasing Commission adjusted per Underwriting.
Base:
BUDGET SELF STORAGE- 2910 LAWNDALE DRIVE, GREENSBORO, NC
LAWNDALE
05/12/2009 8:28:40 AM Page 210 Of 241

Income
Base Rent 805,930 1,103 0 0 743,145 1,017 755,582 755,582 755,582 1,034 2% (6%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 19,443 27 25,103 25,103 25,103 34 29% --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Management Fees 0 0 0 0 45,755 63 48,285 48,285 46,841 64 2% --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 556,704 762 0 0 542,380 742 536,456 536,456 526,694 721 (3%) (5%)
Debt Service 418,345 572 0 0 347,358 475 348,310 348,310 348,310 476 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.36 / 1.33 1.59 / 1.56 1.54 / 1.51
DSCR (A,B) NOI/NCF 1.36 / 1.33 1.59 / 1.56 1.54 / 1.51
DSCR (A,B,C) NOI/NCF 1.36 / 1.33 1.59 / 1.56 1.54 / 1.51

SELF STORAGE ONE-LAWNDALE LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 354,020 354,020 6,000,000
Insurance 5,205 5,205 5,205
Reserves:
Replacement 19,372 19,372 43,706
Repair 0 0 819
Excess Rent 0 0 0
Total: 412,496 412,496
2008:
Expense: Real Estate Taxes and Property Insurance adjusted per Servicer Record. Management Fee adjusted to 6% of EGI per UW.
DSCR: Debt Service adjusted per Servicer record
2007: analysed by shilpa
Expense: Real Estate Taxes / Property Insurance adjusted per Servicer Record. Management Fees adjusted to 6% of EGI per UW.
DSCR: Debt Service adjusted per Servicer Record
Base:
BUDGET SELF STORAGE- 550 PETERS CREEK PARKWAY, WINSTON-SALEM, NC
PETER'S CREEK
05/12/2009 8:28:40 AM Page 211 Of 241

Income
Base Rent 509,384 709 0 0 387,199 539 366,013 366,013 366,013 510 (5%) (28%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 33,777 47 48,150 48,150 48,150 67 43% --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Management Fees 0 0 0 0 25,259 35 38,687 38,687 24,850 35 (2%) --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 304,811 425 0 0 232,767 324 198,139 198,139 204,305 285 (12%) (33%)
Debt Service 247,521 345 0 0 205,520 286 206,083 206,083 206,083 287 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 57,290 80 0 0 27,246 38 (7,945) (7,945) (1,779) (2) (107%) (103%)
DSCR (A) NOI/NCF 1.27 / 1.23 1.17 / 1.13 1.03 / 0.99
DSCR (A,B) NOI/NCF 1.27 / 1.23 1.17 / 1.13 1.03 / 0.99
DSCR (A,B,C) NOI/NCF 1.27 / 1.23 1.17 / 1.13 1.03 / 0.99

SELF STORAGE ONE-PETERS CREEK PARKWAY LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 209,462 209,462 3,550,000
03/11/2009 - 1E - DSCR < 1.10; 4B - EGI < 80% U/W EGI and < 1.10 DSCR. Loan is secured by a 718
Insurance 4,560 4,560 2,902
-unit self-storage facility in Winston-Salem, NC, built in 2000. The 4/28/2008 inspection rated the
Property in Good condition. YE 12/31/2008 NCF DSCR is 0.99x (a 19.5% decline from U/W) with Reserves:
57.24% Occupancy. Loan was U/W at 1.23x with 62.8% Occupancy. DSCR and EGI declines have Replacement 7,180 7,180 16,199
been attributed to decreased Base Rents resulting from Occ decline as compared to U/W and YE 2007.
At YTD 9/30/2008, both DSCR and Occ had shown improvement to 1.02x and 59%, respectively. Bank Repair 0 0 1,159
of America will continue to monitor the Loan. Excess Rent 0 0 0
Total: 251,622 251,622
2008:
Expense: Real Estate Taxes/Property Insurance adjusted per servcier record figures. Management Fees adjusted to 6% of EGI per UW.
DSCR: YE08 NCF DSCR is 0.99 with Occupancy of 57.24%. YE 2007 NCF DSCR is 1.13 with Occupancy of 52.15%. Low DSCR is due to Low Occupancy of 57.24% combined with Increase in Total
Operating Expenses (i.e. Payroll & Benefits, Repairs & Maintenance and General & Administrative Expenses). Debt Service adjusted per Servicer Record.
2007: Analysed by Annapurna.
Expense: Real Estate Taxes/Property Insurance adjusted per servicer record. Management Fees adjusted to 6% of EGI per UW.
Base:
05/12/2009 8:28:40 AM Page 212 Of 241

BUDGET SELF STORAGE- 4514 HIGH POINT ROAD, GREENSBORO, NC
HIGH POINT RD
Income
Base Rent 556,819 619 0 0 441,865 492 429,395 429,395 429,395 478 (3%) (23%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 25,630 29 29,001 29,001 29,001 32 13% --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Management Fees 0 0 0 0 28,050 31 33,531 33,531 27,504 31 (2%) --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 320,737 357 0 0 254,937 284 240,494 240,494 235,890 262 (7%) (26%)
Debt Service 264,952 295 0 0 219,994 245 220,596 220,596 220,596 245 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.25 / 1.21 1.21 / 1.16 1.12 / 1.07
DSCR (A,B) NOI/NCF 1.25 / 1.21 1.21 / 1.16 1.12 / 1.07
DSCR (A,B,C) NOI/NCF 1.25 / 1.21 1.21 / 1.16 1.12 / 1.07

SELF STORAGE ONE-HIGH POINT ROAD LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 224,213 224,213 3,800,000
03/16/2009 - 1E - DSCR < 1.10; 4A - Occ < 80% U/W. Loan is secured by an 899-unit self storage
Insurance 4,818 4,818 4,818
facility in Greensboro, NC, built in 2001. The 5/5/2008 inspection rated the Property in Good condition.
YE 12/31/2008 NCF DSCR is 1.07x with 47.9% Occupancy based on 431 occupied units; Occ has Reserves:
declined 21.6% from U/W Occ of 61.1%. DSCR decline is attributed to decreased Rental income Replacement 16,182 16,182 36,509
resulting from Occupancy decline. In an effort to improve occupancy, property management plans to
convert smaller units into larger ones as needed to meet demand. Concessions offered during 2008 Excess Rent 0 0 0
included a "$23 move-in special, no exceptions." Bank of America has requested a leasing and Total: 288,106 288,106
marketing update; awaiting Borrower's response.
05/12/2009 8:28:40 AM Page 213 Of 241

2008:
Expense: Real Estate Taxes / Property Insurance adjusted per Service Record. Management Fees adjusted to 6% of EGI per UW.
DSCR: Low DSCR is due to decrease in Rental Income by $12470 combined with Increase in Payroll & Benefits by $3989 and General & Adminstrative Expenses by $5776.The YE08 NCF DSCR is 1.07
with Occupancy of 47.94% and the YE07 NCF DSCR is 1.16 with Occupancy of 51.95%. DEcline in NCF is a result of low occupancy. Debt Service adjusted per Servicer record.
2007: Analyzed By: Imtiaz
Expense: Real Estate Taxes and Property Insurance adjusted per Servicer Record. Management Fee adjusted to 6% of EGI per Underwriting.
Base:
BUDGET SELF STORAGE- 2720 UNIVERSITY PARKWAY, WINSTON-SALEM, NC
UNIVERSITY
Income
Base Rent 687,759 980 0 0 522,521 744 595,695 595,695 595,695 849 14% (13%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 58,381 83 42,772 42,772 42,772 61 (27%) --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Management Fees 0 0 0 0 29,045 41 41,698 41,698 31,923 45 10% --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 433,673 618 0 0 352,360 502 402,214 402,214 401,460 572 14% (7%)
Debt Service 337,290 480 0 0 280,058 399 280,825 280,825 280,825 400 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.32 / 1.29 1.30 / 1.26 1.47 / 1.43
DSCR (A,B) NOI/NCF 1.32 / 1.29 1.30 / 1.26 1.47 / 1.43
DSCR (A,B,C) NOI/NCF 1.32 / 1.29 1.30 / 1.26 1.47 / 1.43

SELF STORAGE ONE - UNIVERSITY PARKWAY LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:
05/12/2009 8:28:40 AM Page 214 Of 241

P & I (Current) 285,429 285,429 4,837,500
Insurance 5,084 5,084 3,197
Reserves:
Replacement 4,563 4,563 10,295
Repair 0 0 2,716
Total: 344,629 344,629
2008:
Expense: Real Estate Taxes / Property Insurance adjusted per Servicer record. Management Fees adjusted to 5% of EGI.
2007:
Expense: Real Estate Taxes / Property Insurance adjusted per servicer record. Management Fee adjusted to 5% of EGI.
Base:
HICKORY SELF STORAGE 733 10TH AVENUE, HICKORY, NC
Income
Base Rent 633,527 922 0 0 522,521 761 498,921 498,921 498,921 726 (5%) (21%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 58,381 85 55,242 55,242 55,242 80 (5%) --
Reimbursements 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Management Fees 0 0 0 0 34,854 51 42,911 42,911 33,250 48 (5%) --
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 405,083 590 0 0 361,866 527 303,045 303,045 302,329 440 (16%) (25%)
Debt Service 335,917 489 0 0 278,917 406 279,681 279,681 279,681 407 0% (17%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.24 / 1.21 1.33 / 1.30 1.12 / 1.08
DSCR (A,B) NOI/NCF 1.24 / 1.21 1.33 / 1.30 1.12 / 1.08
DSCR (A,B,C) NOI/NCF 1.24 / 1.21 1.33 / 1.30 1.12 / 1.08

SELF STORAGE ONE-HICKORY LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:
05/12/2009 8:28:40 AM Page 215 Of 241

P & I (Current) 284,266 284,266 4,817,800
Insurance 8,224 8,224 5,359
Reserves:
Replacement 11,679 11,679 26,349
Excess Rent 0 0 0
Total: 335,704 335,704
2008:
Expense: Real Estate Taxes represents borrowers actual. Property Insurance adjusted per Servicer Record. Management Fee adjusted to 6% of EGI per UW.
DSCR: Low DSCR is due to Low Rental Income as result of low occupancy of 66.96% combined with increase in Operating Expenses particularly due to increase in Payroll & Benefits Expenses and General
Administrative Expenses. Rental Income decreased from $522,520.86 in YE07 to $498,921.18 in YE08 causing 5% decrease as compared with YE07. Payroll & Benefits Expenses increased from
$73,673.78 in YE07 to $93,516.16 in YE08 causing 27% increase as compared with YE07 and also General & Administrative Expenses increased from $19,917.39 to $25,839.86 causing 30%
increase as compared with YE07. YE08 NCF DSCR is 1.08 with an Occupancy of 66.96%. YE07 NCF DSCR is 1.30 with Occupancy of 78.17%. Debt Service adjusted per Servicer record.
2007:
Income: Interest Only Loan
Expense: Real Estate Taxes & Property Insurance adjusted per Servicer Record. Management Fees adjusted to 6% of EGI per Underwriting.
Capital Expense: Capital Expenditures adjusted per Underwriting.
DSCR: Debt Service adjusted per Servicer Record
Base:
QUEENS WALGREENS 73 -15 KISSENA BLVD, FLUSHING, NY
Other 2/28/2007 - 12 mos 12/31/2007 - 12 mos
Income
Base Rent 583,000 17 0 0 0 0 550,000 550,000 550,000 16 -- (6%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Effective Gross Income 583,000 17 0 0 0 0 658,500 658,500 658,500 19 -- 13%
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 0 0 1,500 1,500 13,170 0 -- --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 571,340 16 0 0 0 0 548,500 548,500 536,830 15 -- (6%)
Debt Service 455,732 13 0 0 0 0 455,732 455,732 455,732 13 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.25 / 1.25 1.18 / 1.18
DSCR (A,B) NOI/NCF 1.25 / 1.25 1.18 / 1.18
DSCR (A,B,C) NOI/NCF 1.25 / 1.25 1.18 / 1.18
Occupancy 100% 100%
Management 2.0%
05/12/2009 8:28:40 AM Page 216 Of 241

PARV REALTY LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

P & I (Current) 455,732 455,732 6,339,910
Reserves:
05/11/2009 - 6A - Other (Late Payments). Loan is secured by a 35,000 sf tract of land and ground lease
Replacement 0 0 0
for a 8752 sf single-story retail building that houses a Walgreen's pharmacy, located in Flushing,
Queens, NY. The improvements were recently completed. The 8/20/2008 inspection rated the Property Total: 455,732 455,732
in Good condition. YE 12/31/2007 NCF DSCR was 1.18x. As of 3/1/2009, Loan payments were late for
7 of 12 months. Account was formerly on ACH. The Feb 1 loan payment was received 3/5/2009.
Borrower owed for March 1 and April 1 payments. On 4/3/2009, Borrower paid $76,000 for the debt
service, which is $37,977.67 per month; however, late fees and default interest continued to accrue
through 4/3/2009. Bank of America is in the process of determining the appropriate application of the
$76K received. Effective 5/11/2009, the Loan has Transferred to the Special Servicer (CWCapital) due
to chronic delinquency. The Borrower has been late 14 of the 26 months since the Loan originated and
payments commenced. Further, the Borrower commented to Bank of America Client Support and
Portfolio Management that they are unwilling to pay late fees and default interest, which totaled
$104,881 as of 5/5/2009. Bank of America will remove the Loan from the Watchlist as of June 2009
reporting.
2007: Single tenant - Walgreen's - use expiration date from U/W (RHC).
Income: New Loan. Single Tenant. Loan originated on 1/23/07.
Expense: Real Estate Taxes / Property Insurance represents Borrower Actuals. Management Fee adjusted to 2% of EGI per UW.
Base:
GOODYEAR SPIRES 2528 & 2590 NORTH LAKEWOOD BOULEVARD, LONG BEACH, CA
Income
Base Rent 207,998 13 0 0 185,497 12 139,123 139,123 139,123 9 (25%) (33%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 0 0 0 0 0 0 -- --
Expenses
Janitorial 0 0 0 0 0 0 0 0 0 0 -- --
Management Fees 0 0 0 0 5,565 0 0 0 5,787 0 4% --
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 169,045 11 0 0 173,419 11 152,569 152,569 141,897 9 (18%) (16%)
Debt Service 143,045 9 0 0 143,045 9 107,283 107,283 107,283 7 (25%) (25%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.23 / 1.18 1.26 / 1.21 1.37 / 1.32
DSCR (A,B) NOI/NCF 1.23 / 1.18 1.26 / 1.21 1.37 / 1.32
DSCR (A,B,C) NOI/NCF 1.23 / 1.18 1.26 / 1.21 1.37 / 1.32
Occupancy 100% 100% 100%
05/12/2009 8:28:40 AM Page 217 Of 241

GLENOAKS RIDGE LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

JUST TIRES 10,395.00 67.42 3.99 04/30/2013 Loan Property Balance
Spires Restaurant 5,024.00 32.58 28.66 09/30/2013 P & I (Current) 143,045 143,045 1,945,490
Tax 55,375 55,375 10,294
Status: Performing
Reserves:
Replacement 6,937 6,937 15,652
Repair 0 0 38,855
Hold Back 0 0 226,198
Excess Rent 0 0 20,906
Total: 205,357 205,357
2008: Analyzed by Richa.

Income: NNN Lease.
Expense: Tenant is responsible for all expenses. 100% tax reimbursement by Spires with landlord paying this tenant's taxes. Goodyear pays their taxes direct. Real Estate Taxes reprsents borrower's actual.
Management Fees adjusted to 3% of EGI per UW.
2007:
Income: New loan.
Expense: Tenant is responsible for all expenses. 100% tax reimbursement by Spires with landlord paying this tenant's taxes. Goodyear pays their taxes direct. Real estate taxes adjusted out. Management fee
adjusted to 3% of EGI per UW.
Capital Expense: Capital expenditutre & Tenant improvement / leasing commission adjusted per UW.
Base:
63 MARGINAL WAY 63 MARGINAL WAY, PORTLAND, ME
05/12/2009 8:28:40 AM Page 218 Of 241

Income
Base Rent 519,501 21 0 0 423,267 17 442,888 442,888 442,888 18 5% (15%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 18,480 1 22,023 22,023 22,023 1 19% --
Other Income 0 0 0 0 0 0 (4,432) (4,432) 0 0 -- --
Expenses
Janitorial 0 0 0 0 11,554 0 11,863 11,863 11,863 0 3% --
Management Fees 0 0 0 0 28,354 1 23,162 23,162 30,956 1 9% --
Other Expenses 0 0 0 0 1,687 0 123 123 123 0 (93%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 359,533 15 0 0 305,162 12 441,777 441,777 414,870 17 36% 15%
Debt Service 224,098 9 0 0 224,098 9 224,098 224,098 224,098 9 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.71 / 1.60 1.47 / 1.36 1.96 / 1.85
DSCR (A,B) NOI/NCF 1.71 / 1.60 1.47 / 1.36 1.96 / 1.85
DSCR (A,B,C) NOI/NCF 1.71 / 1.60 1.47 / 1.36 1.96 / 1.85
Occupancy 100% 100% 100%

BAYSIDE VENTURES, LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

AAA Northern New England Ins. 12,965.00 52.37 16.00 07/31/2017 Loan Property Balance
Gorham Savings Bank 8,636.00 34.88 18.00 12/31/2016 P & I (Current) 224,098 224,098 2,485,381
GTE Fed Credit Union 3,156.00 12.75 25.35 01/31/2013 Tax 53,187 53,187 14,319
Insurance 4,635 4,635 2,318
Status: Performing
Reserves:
Commissions
Total: 281,920 281,920
2008:
Income: Credits adjusted out.
Expense: +33% & +36% Variance in NOI/NCF DSCR Respectively and -24% variance in Total operating expences is due to decline in Repairs&maintenance , Professional fee & General&administration
expenses. Real Estate Taxes represents Borrower actual. Property Insurance adjuster per Servicer Record. Management Fees adjusted to 5% of EGI per UW.
Capital Expense: Capital Expenditures and Tenant Improvements/Leasing Commission adjusted per UW.
2007:
Expense: Real Estate Taxes represents Borrower actual. Property Insurance adjuster per Servicer Record. Management Fees adjusted to 5% of EGI per UW. Funding Fee adjusted out.
Capital Expense: Capital Expenditures and Tenant Improvements/Leasing Commission adjusted per UW.
Base:
ONE SKYLINE PLACE 5205 LEESBURG PIKE, FALLS CHURCH, VA
05/12/2009 8:28:40 AM Page 219 Of 241

Suburban Office 5/31/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Vacancy/Collection Loss 0 0 0 0 (608,922) (2) (92,598) (92,598) (92,598) 0 (85%) --
Base Rent 7,412,753 27 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 757,356 3 768,184 768,184 768,184 3 1% --
Other Income 0 0 0 0 64,750 0 489,147 489,147 451,256 2 597% --
Expenses
Janitorial 0 0 0 0 230,072 1 231,187 231,187 231,187 1 0% --
Management Fees 0 0 0 0 239,256 1 269,755 269,755 269,755 1 13% --
Other Expenses 0 0 0 0 1,424 0 38,009 38,009 2,653 0 86% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Tenant Improvements 3,548,123 13 0 0 364,519 1 0 0 364,519 1 -- (90%)
Capital Expenditures 72,821 0 0 0 55,290 0 0 0 55,290 0 -- (24%)
Total Capital Items 3,620,944 13 0 0 419,809 2 0 0 419,809 2 -- (88%)
Net Cash Flow 1,661,618 6 0 0 5,117,147 19 6,064,239 6,064,239 5,658,328 21 11% 241%
Debt Service 4,271,817 16 0 0 4,268,086 16 4,279,779 4,279,779 4,279,779 16 0% 0%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service (2,610,199) (10) 0 0 849,061 3 1,784,460 1,784,460 1,378,548 5 62% (153%)
DSCR (A) NOI/NCF 1.24 / 0.39 1.30 / 1.20 1.42 / 1.32
DSCR (A,B) NOI/NCF 1.24 / 0.39 1.30 / 1.20 1.42 / 1.32
DSCR (A,B,C) NOI/NCF 1.24 / 0.39 1.30 / 1.20 1.42 / 1.32

CESC SKYLINE LLC Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

GS-11B-01590-IRS 44,870.00 16.45 24.79 12/31/2012 Loan Property Balance
GS-11B-01633-DOD 29,229.00 10.72 22.23 12/31/2008 P & I (Current) 16,094,183 1,739,976 271,200,000
NORTHROP GRUMMAN DEFENCE MISSI 17,555.00 6.44 30.57 05/31/2010
Total: 16,094,183 1,739,976
Status: Performing
2008: NOI total provided by the Borrower is not correct. I have manually calculated all the figures, Income is matching but Expenses are not matching by $11 Please check.
Income: Interest only Loan. Reimbursement-R/E Taxes - Prior Year / Reimbursement-Operating-PY/ Other Revenue - Lease Cancelation adjusted out. Note - A 1- 3405106. A-2- 3225893, A3- 3225885.
Expense: Real Estate Taxes / Property Insurance represents borrowers actual. Managment Fees represents borrowers actual @ 3.01084%of EGI. Non recurring Expenses / Bad Debt Expenses /
Bad Debt Expense S/L adjusted out.
Capital Expense: Capital Expenditure & Tenant Improvements/ Leasing Commission adjusted per UW.
DSCR: Debt Service adjusted per servicer record. The debt consists of a $678MM whole loan split between a $271,200MM A-1 Note (JPMorgan 2007-LDP10),a $203,400MM A-2 note (BACM 2007-1) and a
$271,200,000.00MM A-3 Note (GECMC 2007-C1(Primary)) which are Pari Passu.
2007: Borrower reported consolidated statement. Please provide individual statements of each property as provided in the previous quarter. Pranab 3/24/08.
Borrower has provided individual statements for each property and were loaded into Imaging 5/14/08. Nancy 5/14/08.
Income: Interest only Loan. Reconciled PY-RE / Reconciled PY-RE / Reconciled PY-OE adjusted out. Note - A 1- 3405106. A-2- 3225893, A3- 3225885.
Expense: Real Estate Taxes / Property Insurance represents borrower actual. Managment Fees adjusted to 3%of EGI. Non recur- Parking Lot / R & M-Non Recurring / Non recurring-Landscaping / Bad Debt
Expenses adjusted out.
Capital Expense: Tenant Improvements/ Leasing Commission Capital Expenditure and adjusted per Underwriting.
Base:
05/12/2009 8:28:40 AM Page 220 Of 241

TWO SKYLINE PLACE 5203 LEESBURG PIKE, FALLS CHURCH, VA
Income
Vacancy/Collection Loss 0 0 0 0 (1,195,366) (4) (261,608) (261,608) (261,608) (1) (78%) --
Base Rent 8,098,826 30 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 744,314 3 741,041 741,041 741,041 3 0% --
Other Income 0 0 0 0 228,562 1 32,555 32,555 32,555 0 (86%) --
Expenses
Janitorial 0 0 0 0 232,144 1 237,347 237,347 237,347 1 2% --
Management Fees 0 0 0 0 232,995 1 243,228 243,228 245,186 1 5% --
Other Expenses 0 0 0 0 1,428 0 (40,062) (40,062) 2,651 0 86% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 2,234,492 8 0 0 5,184,157 19 5,412,574 5,412,574 5,048,656 19 (3%) 126%
Debt Service 4,743,003 18 0 0 4,075,935 15 4,087,102 4,087,102 4,087,102 15 0% (14%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service (2,508,511) (9) 0 0 1,108,223 4 1,325,472 1,325,472 961,554 4 (13%) (138%)
DSCR (A) NOI/NCF 1.23 / 0.47 1.37 / 1.27 1.33 / 1.24
DSCR (A,B) NOI/NCF 1.23 / 0.47 1.37 / 1.27 1.33 / 1.24
DSCR (A,B,C) NOI/NCF 1.23 / 0.47 1.37 / 1.27 1.33 / 1.24
Occupancy 98% 98%

Credit:

SCIENCE APPLICATIONS INTERNATIONAL 43,952.00 16.24 30.58 11/30/2011 Loan Property Balance
Kalman & Company 22,979.00 8.49 32.69 09/30/2011 P & I (Current) 16,094,183 1,661,641 271,200,000
SRA International Inc. 21,639.00 7.99 29.70 06/30/2009
Total: 16,094,183 1,661,641
Status: Performing
05/12/2009 8:28:40 AM Page 221 Of 241

2008: Real Estate Taxes is huge when compared to YE07 and due to which there is +31% variance in Total Operating Expenes ( i.e in YE07 it is $133,679.20 whereas in YE08 it is $657,390.45 as per
Servicer Recod). Please Check.
Borrower has reported the total of Income and Expenses wrongly. Please check.
Income: Interest only Loan. Reimbursement-R/E Taxes - Prior Year / Reimbursement-Operating-PY/ adjusted out. Note - A 1- 3405106. A-2- 3225893, A3- 3225885.
Expense: +31% Variance in Total Operating Expenses is due to huge Real Estate Taxes (i.e in YE07 it is $133,679.20 whereas in YE08 it is $657,390.45 as per Servicer Record). Real Estate Taxes adjusted
per Servicer Record. Property Insurance represents borrowers actual. Managment Fees adjusted to 3%of EGI. Non recurring Expenses / Bad Debt Expenses adjusted out.
2007:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrower actual. Managment Fees represents borrower actual @ 3.029 %of EGI. Non recur- Paint & Wall-Non-recur /
Parking Lot / R & M-Non Recurring / Bad Debt Expenses adjusted out.
Capital Expense: Capital Expenditure and Tenant Improvements/ Leasing Commission adjusted per Underwriting.
Base:
THREE SKYLINE PLACE 5201 LEESBURG PIKE, FALLS CHURCH, VA
Income
Base Rent 8,277,722 31 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 853,013 3 850,694 850,694 850,694 3 0% --
Other Income 0 0 0 0 75,099 0 116,978 116,978 82,975 0 10% --
Expenses
Janitorial 0 0 0 0 238,442 1 226,092 226,092 226,092 1 (5%) --
Management Fees 0 0 0 0 254,803 1 250,769 250,769 250,769 1 (2%) --
Other Expenses 0 0 0 0 1,427 0 (22,882) (22,882) 2,681 0 88% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 2,308,268 9 0 0 5,531,927 21 5,511,562 5,511,562 5,114,567 19 (8%) 122%
Debt Service 4,747,949 18 0 0 3,965,302 15 3,976,166 3,976,166 3,976,166 15 0% (16%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service (2,439,681) (9) 0 0 1,566,625 6 1,535,396 1,535,396 1,138,401 4 (27%) (147%)
DSCR (A) NOI/NCF 1.25 / 0.49 1.49 / 1.40 1.38 / 1.29
DSCR (A,B) NOI/NCF 1.25 / 0.49 1.49 / 1.40 1.38 / 1.29
DSCR (A,B,C) NOI/NCF 1.25 / 0.49 1.49 / 1.40 1.38 / 1.29

Credit:
05/12/2009 8:28:40 AM Page 222 Of 241

JACER CORPORATION 30,048.00 11.14 32.62 01/31/2011 Loan Property Balance
BOOZ ALLEN & HAMILTON INC 29,941.00 11.10 28.66 06/30/2009 P & I (Current) 16,094,183 1,616,540 271,200,000
APPTIS INC 22,977.00 8.52 45.25 09/14/2015
Total: 16,094,183 1,616,540
Status: Performing
2008:
Income: Interest only Loan. Reimbursement-R/E Taxes - Prior Year / Reimbursement-Operating-PY/ Other Revenue - Lease Cancelation adjusted out. Note - A 1- 3405106. A-2- 3225893, A3- 3225885.
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrowers actual. Managment Fees represents borrowers actual @ 3.0088%of EGI. Non recurring Expenses / Bad
Debt Expenses adjusted out.
2007:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrower actual. Managment Fees represents borrower actual @ 3.012 %of EGI. R&M-Paint & Wall-Non recur / Non
recur- Parking Lot / R & M-Non Recurring / Bad Debt Expenses adjusted out.
Base:
FOUR SKYLINE PLACE 5113 LEESBURG PIKE, FALLS CHURCH, VA
Income
Vacancy/Collection Loss 0 0 0 0 (332,592) (1) (85,746) (85,746) (85,746) 0 (74%) --
Base Rent 8,306,694 31 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 4,891 4,891 4,891 0 -- --
Parking Income 0 0 0 0 596,063 2 598,832 598,832 598,832 2 0% --
Other Income 0 0 0 0 105,883 0 29,499 29,499 29,499 0 (72%) --
Expenses
Janitorial 0 0 0 0 237,320 1 242,503 242,503 242,503 1 2% --
Management Fees 0 0 0 0 257,969 1 269,723 269,723 271,990 1 5% --
Other Expenses 0 0 0 0 1,435 0 (8,475) (8,475) 2,639 0 84% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 2,379,819 9 0 0 5,406,811 20 6,145,569 6,145,569 5,748,807 21 6% 142%
Debt Service 4,838,965 18 0 0 4,105,049 15 4,116,295 4,116,295 4,116,295 15 0% (15%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service (2,459,146) (9) 0 0 1,301,763 5 2,029,274 2,029,274 1,632,512 6 25% (166%)
DSCR (A) NOI/NCF 1.24 / 0.49 1.42 / 1.32 1.49 / 1.40
DSCR (A,B) NOI/NCF 1.24 / 0.49 1.42 / 1.32 1.49 / 1.40
DSCR (A,B,C) NOI/NCF 1.24 / 0.49 1.42 / 1.32 1.49 / 1.40
05/12/2009 8:28:40 AM Page 223 Of 241

Credit:

DACA-31-5-97-595 - AIR FORCE 28,755.00 10.74 29.50 07/31/2010 Loan Property Balance
SCIENCE APPLICATIONS INTERNATIONAL 25,730.00 9.61 27.72 11/30/2010 P & I (Current) 16,094,183 1,673,510 271,200,000
GS-11B-70366 - DOD 20,437.00 7.64 26.14
Total: 16,094,183 1,673,510
Status: Performing
2008: Expenses not matching

Income: Interest only Loan. Reimbursement-R/E Taxes - Prior Year / Reimbursement-Operating-PY adjusted out. Note - A 1- 3405106. A-2- 3225893, A3- 3225885.
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrowers actual. Managment Fees adjusted to 3%of EGI. Non recurring Expenses / Bad Debt Expenses adjusted
out.
2007:
Expense: Real Estate Taxes adjusted per Servicer Record. Property Insurance represents borrower actual. Managment Fees represents borrower actual @ 3.063 %of EGI. RMpaint wall nonrec / R & M-Non
Recurring / Bad Debt Expenses adjusted out.
Base:
FIVE SKYLINE PLACE 5111 LEESBURG PIKE, FALLS CHURCH, VA
05/12/2009 8:28:40 AM Page 224 Of 241

Income
Vacancy/Collection Loss 0 0 0 0 (820,763) (3) (243,228) (243,228) (243,228) (1) (70%) --
Base Rent 8,942,724 30 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 882,058 3 945,079 945,079 945,079 3 7% --
Other Income 0 0 0 0 124,321 0 136,783 136,783 136,783 0 10% --
Expenses
Janitorial 0 0 0 0 257,243 1 268,350 268,350 268,350 1 4% --
Management Fees 0 0 0 0 266,975 1 299,619 299,619 300,502 1 13% --
Other Expenses 0 0 0 0 2,988 0 (6,331) (6,331) 2,717 0 (9%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 2,813,895 9 0 0 5,672,433 19 6,938,189 6,938,189 6,544,450 22 15% 133%
Debt Service 5,158,776 17 0 0 4,582,515 15 4,595,070 4,595,070 4,595,070 15 0% (11%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.25 / 0.55 1.34 / 1.24 1.52 / 1.42
DSCR (A,B) NOI/NCF 1.25 / 0.55 1.34 / 1.24 1.52 / 1.42
DSCR (A,B,C) NOI/NCF 1.25 / 0.55 1.34 / 1.24 1.52 / 1.42

Credit:

P & I (Current) 16,094,183 1,868,160 271,200,000
Status: Performing
Total: 16,094,183 1,868,160
2008: NOI total provided by the Borrower is not correct.I manually calculated and taken the amounts. Please Check
Income: Interest only Loan. Reconciled-CPI Prior Year / Reimbursement-R/E Taxes / Reimbursement-Operating-PYadjusted out. Note - A 1- 3405106. A-2- 3225893, A3- 3225885.
Expense: Real Estate Taxes / Property Insurance Represents Borrowers actuals. Managment Fees adjusted to 3%of EGI. Parking Lot Non Rec / Non recurring Reimb / Landscaping-Non-Recurring-Rei / Bad
Debt Expenses adjusted out.
2007:
Expense: Real Estate Taxes / Property Insurance represents borrower actual. Managment Fees represents borrower actual @ 3.050 %of EGI. R & M-Non Recurring / Bad Debt Expenses adjusted out.
Base:
SIX SKYLINE PLACE 5109 LEESBURG PIKE, FALLS CHURCH, VA
05/12/2009 8:28:40 AM Page 225 Of 241

Income
Gross Potential Rent 0 0 0 0 8,129,828 26 0 0 0 0 -- --
Base Rent 8,965,650 29 0 0 0 0 8,278,721 8,278,721 8,278,721 27 -- (8%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 909,309 3 917,159 917,159 917,159 3 1% --
Other Income 0 0 0 0 47,537 0 30,190 30,190 28,190 0 (41%) --
Expenses
Janitorial 0 0 0 0 256,511 1 266,005 266,005 266,005 1 4% --
Management Fees 0 0 0 0 280,960 1 298,753 298,753 298,753 1 6% --
Other Expenses 0 0 0 0 1,732 0 (3,804) (3,804) 2,705 0 56% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 2,932,985 10 0 0 5,987,706 19 6,713,650 6,713,650 6,318,928 20 6% 115%
Debt Service 5,253,215 17 0 0 4,768,844 15 4,781,909 4,781,909 4,781,909 15 0% (9%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.25 / 0.56 1.35 / 1.26 1.42 / 1.32
DSCR (A,B) NOI/NCF 1.25 / 0.56 1.35 / 1.26 1.42 / 1.32
DSCR (A,B,C) NOI/NCF 1.25 / 0.56 1.35 / 1.26 1.42 / 1.32

Credit:

P & I (Current) 16,094,183 1,944,120 271,200,000
Status: Performing
Total: 16,094,183 1,944,120
2008: NOI total provided by the Borrower is not correct.I manually calculated and taken the amounts. Please Check
Income: Interest only Loan. Reimbursement-R/E Taxes / Reimbursement-Operating-PY / Other Revenue-Lease Cancel Fee adjusted out. Note - A 1- 3405106. A-2- 3225893, A3- 3225885.
Expense: Real Estate Taxes / Property Insurance Represents Borrowers actuals. Managment Fees Represents Borrowers Actuals @3.00034%of EGI. Paint Wall-Non-Recur / Parking Lot-Non-Rec / Non
Recurring / Landscaping-Non-Recurring / Bad Debt Expense adjusted out.
2007:
Income: New Loan. Interest only Loan. Loan Originated on 1/26/2007. Reconciled PY-RE / Reconciled PY-RE / Reconciled PY-OE adjusted out. Note - A 1- 3405106. A-2- 3225893, A3- 3225885.
Base:
SEVEN SKYLINE PLACE 5275 LEESBURG PIKE, FALLS CHURCH, VA
05/12/2009 8:28:40 AM Page 226 Of 241

Income
Gross Potential Rent 0 0 0 0 10,046,065 25 10,046,065 10,046,065 10,046,065 25 -- --
Base Rent 11,859,448 29 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 0 0 908,849 2 1,281,666 1,281,666 1,282,864 3 41% --
Parking Income 0 0 0 0 538,075 1 512,701 512,701 512,701 1 (5%) --
Other Income 0 0 0 0 279,711 1 132,588 132,588 132,588 0 (53%) --
Expenses
Janitorial 0 0 0 0 323,804 1 340,056 340,056 340,056 1 5% --
Management Fees 0 0 0 0 357,512 1 359,190 359,190 359,227 1 0% --
Other Expenses 0 0 0 0 1,658 0 (29,580) (29,580) 2,752 0 66% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 4,228,318 10 0 0 6,864,089 17 7,082,643 7,082,643 6,520,355 16 (5%) 54%
Debt Service 6,282,603 16 0 0 5,869,346 15 5,885,426 5,885,426 5,885,426 15 0% (6%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service (2,054,285) (5) 0 0 994,743 2 1,197,217 1,197,217 634,928 2 (36%) (131%)
DSCR (A) NOI/NCF 1.25 / 0.67 1.27 / 1.17 1.21 / 1.11
DSCR (A,B) NOI/NCF 1.25 / 0.67 1.27 / 1.17 1.21 / 1.11
DSCR (A,B,C) NOI/NCF 1.25 / 0.67 1.27 / 1.17 1.21 / 1.11
Occupancy 100% 100% 100%

Credit:

GSA - DISA 395,802.00 98.26 24.87 09/16/2011 Loan Property Balance
GS-111-01407-DISA 7,022.00 1.74 29.07 10/03/2011 P & I (Current) 16,094,183 2,392,764 271,200,000
Total: 16,094,183 2,392,764
Status: Performing
2008: NOI not matching bt $43. Annapurna . 4/29/2009.

Income: Interest only Loan. Reimbursement-R/E Taxes - Prior Year adjusted out. Note - A 1- 3405106. A-2- 3225893, A3- 3225885.
Expense: Real Estate Taxes / Property Insurance represents borrowers actual. Managment Fees represents adjusted to 3% of EGI .Non Recurring Expenses / Bad Debt Expenses adjusted out.
2007:
Income: Interest only Loan. Reconciled PY-RE / Reconciled PY-OE adjusted out. Note - A 1- 3405106. A-2- 3225893, A3- 3225885.
Base:
ONE SKYLINE TOWER 5107 LEESBURG PIKE, FALLS CHURCH, VA
05/12/2009 8:28:40 AM Page 227 Of 241

Income
Vacancy/Collection Loss 0 0 0 0 (556,617) (1) 0 0 0 0 -- --
Base Rent 14,211,637 30 0 0 0 0 0 0 0 0 -- --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 1,618,441 3 1,868,957 1,868,957 1,868,957 4 15% --
Other Income 0 0 0 0 673,630 1 595,991 595,991 595,991 1 (12%) --
Expenses
Janitorial 0 0 0 0 442,697 1 481,999 481,999 481,999 1 9% --
Management Fees 0 0 0 0 458,330 1 476,199 476,199 476,199 1 4% --
Other Expenses 0 0 0 0 9,429 0 69,596 69,596 3,009 0 (68%) --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 5,894,087 12 0 0 8,902,407 19 10,185,249 10,185,249 5,622,963 12 (37%) (5%)
Debt Service 7,677,899 16 0 0 7,843,264 17 7,864,753 7,864,753 7,864,753 17 0% 2%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service (1,783,812) (4) 0 0 1,059,142 2 2,320,496 2,320,496 (2,241,790) (5) (312%) 26%
DSCR (A) NOI/NCF 1.25 / 0.77 1.23 / 1.14 0.81 / 0.71
DSCR (A,B) NOI/NCF 1.25 / 0.77 1.23 / 1.14 0.81 / 0.71
DSCR (A,B,C) NOI/NCF 1.25 / 0.77 1.23 / 1.14 0.81 / 0.71
Occupancy 96% 100% 100%

Credit:

GS-11B-00118-SS 283,072.00 59.80 21.85 09/30/2009 Loan Property Balance
GS-11B-01759-Dept. of Justice 183,553.00 38.78 28.85 09/15/2015 P & I (Current) 16,094,183 3,197,473 271,200,000
GS-11B-01492-SSA 6,725.00 1.42 31.50 09/30/2012
Total: 16,094,183 3,197,473
Status: Performing
2008: NOI Not Matching by $ 50. Annapurna - 4/29/2009.

Income: Interest only Loan. Reimbursement-R/E Taxes - Prior Year adjusted out. Note - A 1- 3405106. A-2- 3225893, A3- 3225885.
Expense: -34% & -38% variance in NOI / NCF DSCR respectively and +80% variance in Total Operating Expenses is due to increase in Utility Expense & Repair & Maint & Janitorial Expense.
Real Estate Taxes adjusted Per Servicer record. Property Insurance represents borrowers actual. Management Fees represents borrower's actuals @ 3.0152% of EGI. Non Recurring Expenses /
Bad Debt Expenses adjusted out.
DSCR: Debt Service adjusted per servicer record. Low DSCR due to high Operating Expenses. The debt consists of a $678MM whole loan split between a $271,200MM A-1 Note (JPMorgan 2007-LDP10),a
$203,400MM A-2 note (BACM 2007-1) and a $271,200,000.00MM A-3 Note (GECMC 2007-C1(Primary)) which are Pari Passu.
Base: Done by Sailaja
2007: Real Estate Taxes left to Borrowers actual since the Servicer Record figures are huge.
Income: New Loan. Interest only Loan. Loan Originated on 1/26/2007. Reconciled PY-RE / Reconciled PY-RE adjusted out. Note - A 1- 3405106. A-2- 3225893, A3- 3225885.
Expense: Real Estate Taxes / Property Insurance represents borrower actual. Managment Fee represents borrower actual @ 3.035 %of EGI. R & M-Paint & Wall-Non recur / R & M-Non Recurring /
Landscaping Non-recurring / Bad Debt Expenses adjusted out.
DSCR: Low DSCR due to Low Operating Expenses. Debt Service adjusted per servicer record. The debt consists of a $678MM whole loan split between a $271,200MM A-1 Note (JPMorgan 2007-LDP10),a
$203,400MM A-2 note (BACM 2007-1) and a $271,200,000.00MM A-3 Note (GECMC 2007-C1(Primary)) which are Pari Passu.
05/12/2009 8:28:40 AM Page 228 Of 241

TANFORAN SHOPPING 1150 EL CAMINO REAL, SAN BRUNO, CA
CENTER
Anchored Shopping Center 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Base Rent 20,914,451 37 0 0 10,714,649 19 12,258,425 12,258,425 12,240,113 22 14% (41%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 455,934 1 378,725 378,725 378,725 1 (17%) --
Expenses
Real Estate Taxes 0 0 0 0 1,177,638 2 1,212,098 1,212,098 1,148,772 2 (2%) --
Janitorial 0 0 0 0 892,161 2 837,046 837,046 837,046 1 (6%) --
Management Fees 0 0 0 0 533,906 1 0 0 585,959 1 10% --
General & Administrative Expenses 7,917,825 14 0 0 986,072 2 1,061,379 1,061,379 1,061,379 2 8% (87%)
Other Expenses 0 0 0 0 0 0 0 0 0 0 -- --
Ground Rent 0 0 0 0 150,000 0 0 0 150,000 0 -- --
Net Cash Flow 12,396,611 22 0 0 9,389,613 17 12,392,938 12,392,938 11,288,334 20 20% (9%)
Debt Service 10,505,098 19 0 0 8,931,864 16 8,931,864 8,931,864 8,931,864 16 -- (15%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 1,891,513 3 0 0 457,749 1 3,461,074 3,461,074 2,356,470 4 415% 25%
DSCR (A) NOI/NCF 1.24 / 1.18 1.12 / 1.05 1.33 / 1.26
DSCR (A,B) NOI/NCF 1.24 / 1.18 1.12 / 1.05 1.33 / 1.26
DSCR (A,B,C) NOI/NCF 1.24 / 1.18 1.12 / 1.05 1.33 / 1.26

TANFORAN PARK SHOPPING CENTER LLC Primary: Wells Fargo Bank, NA Surveillance: Leslie Rupracht
Credit:

TARGET 152,000.00 27.11 1.08 08/30/2071 Loan Property Balance
CENTURY THEATERS 70,000.00 12.49 23.91 01/31/2023 P & I (Current) 8,785,440 8,785,440 144,000,000
BARNES & NOBLE 28,060.00 5.01 24.06 01/31/2016
Total: 8,785,440 8,785,440
Status: Performing
05/12/2009 8:28:40 AM Page 229 Of 241

2008:
Income: Effective Gross Income increased due to an increase in Rental Income and Expense Reimbursement. The current rent roll dated 12/31/2008 reports an annual rental income of $12,627,036.00.
Expense: Total Operating Expense decreased due to a decrease in Professional Fees, Advertising and Marketing. Professional Fees decreased due to G&A-Auditor Fees, G&A-Legal Kenny and G&A-Landlord
Legal Fee which were reported in YE07 but not in YE08.
DSCR: DSCR increased when compared to YE07 due to a decrease in Debt Service, Total Operating Expense combined with an increase in Effective Gross Income. 2008 Debt Service reflects the amount
paid as agreed by the borrower while the 2007 amount was normalized.
2007: As per Enterpise Total Sqft is 560628, where as borrower borrower provided Sqft 980972, please check. hence occupancy not updated. Mahender 5/16/2008
Income: Adjusted GAAP Rent Revenue in the amount of 92,884`. Adjusted Water & Sewer - Interior in the amount of 48 Adjusted Tenant Exp Reimb Deposit in the amount of -56,616
Expense: Real Estate Taxes reflect impound escrow amount.Property Insurance reflects impound escrow amount.Adjusted Management Fee to 3% of EGI per underwritten baseline. Adjusted Paving &
Restriping in the amount of -19,153. Adjusted Management Fee to 3% of EGI per underwritten baseline. Adjusted G&A-Advertisement-Print Prod in the amount of 30,316. Adjusted Tax Consulting in
the amount of -10,145 Adjusted G&A-Tax Preparation Fee in the amount of -11,946. Adjusted G&A-Franchise Tax Board in the amount of -15,790 Adjusted G&A-BAd Debt Expense in the amount of
-282,644. Adjusted G&A-Amortization in the amount of -445,780 Adjusted Amortization-Capitol Lse in the amount of -58,130 Adjusted G&A-Depreciation in the amount of -4,664,577 Adjusted Tenant
Exp pd by Deposit in the amount of -9,415
Capital Expense: Capital Items adjusted to reflect underwritten baseline.
DSCR: Debt Service reflects underwritten baseline. Adjusted Interest Expense Cap Lse in the amount of -12,415 Adjusted Interest Expense in the amount of 38,212 Adjusted Interest Expense-Loan in the
amount of -8,327,526 Adjusted Guaranteed Payments in the amount
Base:
GREENBRIAR CORP CENTER 13135 LEE JACKSON MEMORIAL HWY, FAIRFAX, VA
Income
Base Rent 2,347,964 21 0 0 2,314,573 21 2,337,686 2,337,686 2,257,160 20 (2%) (4%)
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 (17,060) 0 527,868 527,868 93,717 1 (649%) --
Expenses
Janitorial 0 0 0 0 94,061 1 84,380 84,380 84,380 1 (10%) --
Management Fees 0 0 0 0 69,155 1 87,027 87,027 70,916 1 3% --
Other Expenses 0 0 0 0 0 0 (15,361) (15,361) 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Tenant Improvements 144,365 1 0 0 91,345 1 353,409 353,409 91,345 1 -- (37%)
Net Cash Flow 1,308,279 12 0 0 1,257,988 11 1,565,410 1,565,410 1,345,787 12 7% 3%
Debt Service 906,523 8 0 0 906,523 8 906,523 906,523 906,523 8 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
DSCR (A) NOI/NCF 1.64 / 1.44 1.58 / 1.39 1.68 / 1.48
DSCR (A,B) NOI/NCF 1.64 / 1.44 1.58 / 1.39 1.68 / 1.48
DSCR (A,B,C) NOI/NCF 1.64 / 1.44 1.58 / 1.39 1.68 / 1.48

GUARDIAN FUND II-GREENBRIAR LLC Primary: Wells Fargo Bank, NA Surveillance: Leslie Rupracht
Credit:
05/12/2009 8:28:40 AM Page 230 Of 241

SHAPIRO & BURSON 26,147.00 23.40 23.24 08/31/2011 Loan Property Balance
APPLY YOURSELF, INC. 15,770.00 14.12 23.44 09/30/2012 P & I (Current) 894,105 894,105 16,650,000
3 PHOENIX, INC. 6,699.00 6.00 26.20 06/30/2015
Total: 894,105 894,105
Status: Performing
2008:
2007:
Income: Adjusted INTEREST in the amount of -3,637 Adjusted PREPAID RENT in the amount of -24,915
Expense: Real Estate Taxes reflect impound escrow amount. Property Insurance reflects impound escrow amount. Adjusted Management Fee to 3% of EGI per underwritten baseline. For self-storage include
franchise fees. Adjusted BUSINESS TAXES in the amount of -6,507.
Capital Expense: Leasing Commision adjusted to reflect underwritten baseline. Adjusted LEASING COSTS in the amount of -63,419. Tenant Improvement adjusted to reflect underwritten baseline. Adjusted
SPACE PLANNING in the amount of -5,592 Adjusted TENANT IMPROVEMENTS in the amount of -31,944. Capital Expenditure adjusted to reflect underwritten baseline. Adjusted
CAPITAL IMPROVEMENTS in the amount of -87,851 Adjusted SECURITY DEPOSIT REFUND in the amount of -25,000 Adjusted Non Reimbursable Consulting in the amount of -223
Adjusted Marketing Costs
DSCR: Debt Service reflects underwritten baseline. Adjusted DEBT SERVICE in the amount of -854,367 Adjusted T/I L/C RESERVE in the amount of -27,930
Base:
SUSSEX COMMONS I & II 6050 EDGEWARE LN, ALEXANDRIA, VA
Garden Apartment 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Vacancy/Collection Loss 0 0 0 0 (1,671,675) (3,007) (2,110,649) (2,110,649) (2,110,649) (3,796) 26% --
Base Rent 9,870,480 17,753 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 31,710 57 34,550 34,550 34,550 62 9% --
Other Income 0 0 0 0 482,291 867 401,384 401,384 388,727 699 (19%) --
Expenses
Real Estate Taxes 0 0 0 0 911,087 1,639 1,032,567 1,032,567 1,032,567 1,857 13% --
Management Fees 0 0 0 0 289,719 521 207,520 207,520 294,030 529 1% --
Other Expenses 0 0 0 0 1,000 2 141,961 141,961 2,741 5 174% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 6,876,787 12,368 0 0 6,190,371 11,134 5,987,283 5,987,283 6,005,563 10,801 (3%) (13%)
Debt Service 5,718,347 10,285 0 0 5,718,347 10,285 5,734,514 5,734,514 5,718,347 10,285 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 1,158,440 2,084 0 0 472,024 849 252,769 252,769 287,216 517 (39%) (75%)
DSCR (A) NOI/NCF 1.22 / 1.20 1.10 / 1.08 1.07 / 1.05
DSCR (A,B) NOI/NCF 1.22 / 1.20 1.10 / 1.08 1.07 / 1.05
DSCR (A,B,C) NOI/NCF 1.22 / 1.20 1.10 / 1.08 1.07 / 1.05

ASN GRESHAM COMMONS LLC Primary: Wells Fargo Bank, NA Surveillance: Leslie Rupracht
Credit:
05/12/2009 8:28:40 AM Page 231 Of 241

P & I (Current) 5,640,013 5,640,013 102,583,000
Total: 5,640,013 5,640,013
05/11/2009 - 1E - DSCR < 1.10. Loan is secured by a 556-unit multifamily apartment complex built in
two phases in 1991 in Alexandria, VA. The 11/3/2008 inspection rated the Property in Good condition.
YE 12/31/2008 NCF DSCR is 1.05x with 91% Occupancy; U/W was 1.20x with 92.6% Occ. Servicers of
the Loan consented to a change in property management in July 2008. According to the Primary
Servicer, the Property is located in close proximty to Washington, DC and faces competition from
newer multifamily properties in the market; there is also competition from townhome communities within
a mile from the subject. The same reason was provided a year ago for DSCR decline. Bank of America
has requested further clarification from the Primary Servicer to include Borrower's current efforts to
improve performance; awaiting a response.
2008:
Expense: Property Insurance reflects 2007 amount inflated by 5%. Adjusted Management Fee to 3% of EGI per underwritten baseline.
Capital Expense: CapEx adjusted to reflect UW
DSCR: Debt Service reflects UW
2007: OSAR has been uploaded into imaging. Cmg 6/20
Expense: Real Estate Taxes represents borrowers actual. Management fees adjusted to 3% of EGI.
Base:
05/12/2009 8:28:40 AM Page 232 Of 241

311 WEST 50TH STREET 311 WEST 50TH STREET, NEW YORK, NY
Elevator Apartment 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Vacancy/Collection Loss 0 0 0 0 (928,812) (9,106) (954,264) (954,264) (954,264) (9,356) 3% --
Base Rent 4,606,753 45,164 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 12,000 118 12,000 12,000 12,000 118 -- --
Parking Income 0 0 0 0 397,500 3,897 419,357 419,357 419,357 4,111 5% --
Other Income 0 0 0 0 24,701 242 254,403 254,403 2,837 28 (89%) --
Expenses
Real Estate Taxes 0 0 0 0 406,654 3,987 415,238 415,238 406,654 3,987 -- --
Management Fees 0 0 0 0 120,544 1,182 149,392 149,392 129,650 1,271 8% --
Other Expenses 0 0 0 0 0 0 823,760 823,760 0 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 1,373,315 13,464 0 0 1,217,633 11,938 2,000,392 2,000,392 1,173,791 11,508 (4%) (15%)
Net Cash Flow 3,217,162 31,541 0 0 2,779,717 27,252 2,327,759 2,327,759 3,127,092 30,658 12% (3%)
Debt Service 2,685,711 26,330 0 0 2,685,711 26,330 2,693,069 2,693,069 2,685,711 26,331 -- --
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 531,451 5,210 0 0 94,006 922 (365,310) (365,310) 441,381 4,327 370% (17%)
DSCR (A) NOI/NCF 1.21 / 1.20 1.04 / 1.03 1.17 / 1.16
DSCR (A,B) NOI/NCF 1.21 / 1.20 1.04 / 1.03 1.17 / 1.16
DSCR (A,B,C) NOI/NCF 1.21 / 1.20 1.04 / 1.03 1.17 / 1.16
Occupancy 100% 100% 98%

WEST 50TH (DEL) LLC Primary: Wells Fargo Bank, NA Surveillance: Leslie Rupracht
Credit:

P & I (Current) 2,648,920 2,648,920 47,000,000
Status: Performing
Total: 2,648,920 2,648,920
2008:
Income: Include Pad/RV rent. Include forfeited security/late fees/petAdjusted INSURANCE REFUND in the amount of -886 Adjusted MISC INCOME in the amount of 125 Adjusted INTEREST INCOME in the
amount of -5,707.
Expense: Real Estate Taxes reflect impound escrow amount. Property Insurance reflects impound escrow amount. Adjusted Management Fee to 3% of EGI. Adjusted Depreciation in the amount of -823,760.
DSCR: Debt Service reflects underwritten baseline.
Expense: Real Estate Taxes reflect impound escrow amount. Property Insurance reflects impound escrow amount. Adjusted Management Fee to 3% of EGI per underwritten baseline.
DSCR: Debt Service reflects underwritten baseline.
Base:
SOLANA CENTER 5 VILLAGE CIRCLE/ ST HWY 114, WESTLAKE, TX
05/12/2009 8:28:40 AM Page 233 Of 241

Income
Base Rent 54,487,675 36 0 0 29,485,458 19 14,956,471 14,956,471 14,956,471 10 (49%) (73%)
Expense Reimbursement 0 0 0 0 16,561,057 11 8,203,399 8,203,399 8,203,399 5 (50%) --
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Parking Income 0 0 0 0 245,423 0 78,740 78,740 78,740 0 (68%) --
Other Income 0 0 0 0 4,267,313 3 2,870,556 2,870,556 2,838,578 2 (33%) --
Expenses
Real Estate Taxes 0 0 0 0 2,948,578 2 1,609,005 1,609,005 1,474,289 1 (50%) --
Repairs and Maintenance 0 0 0 0 2,015,295 1 1,234,667 1,234,667 1,234,667 1 (39%) --
Janitorial 0 0 0 0 1,761,101 1 810,486 810,486 810,486 1 (54%) --
Management Fees 0 0 0 0 1,516,778 1 699,872 699,872 1,303,859 1 (14%) --
Payroll & Benefits 0 0 0 0 3,572,600 2 1,903,141 1,903,141 1,903,141 1 (47%) --
General & Administrative Expenses 22,853,984 15 0 0 2,622,930 2 1,229,368 1,229,368 1,229,368 1 (53%) (95%)
Other Expenses 0 0 0 0 83,820 0 4,656,593 4,656,593 422,285 0 404% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Tenant Improvements 1,408,457 1 0 0 860,488 1 0 0 430,244 0 (50%) (69%)
Total Capital Items 1,677,482 1 0 0 1,677,482 1 0 0 838,741 1 (50%) (50%)
Net Cash Flow 29,956,209 20 0 0 25,845,622 17 9,892,528 9,892,528 12,824,760 8 (50%) (57%)
Debt Service 22,275,950 15 0 0 13,613,081 9 6,806,541 6,806,541 6,806,541 4 (50%) (69%)
Debt Service - B 0 0 0 0 8,662,869 6 4,331,435 4,331,435 4,331,435 3 (50%) --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 7,680,259 5 0 0 3,569,672 2 (1,245,448) (1,245,448) 1,686,784 1 (53%) (78%)
DSCR (A) NOI/NCF 1.42 / 1.34 2.02 / 1.90 2.01 / 1.88
DSCR (A,B) NOI/NCF 1.42 / 1.34 1.24 / 1.16 1.23 / 1.15
DSCR (A,B,C) NOI/NCF 1.42 / 1.34 1.24 / 1.16 1.23 / 1.15
Occupancy 95% 96%

MAGUIRE PARTNERS-SOLANA LP Primary: Bank of America Capital Markets Group Surveillance: Leslie Rupracht
Credit:

First American Real Estate Solutions 483,819.00 31.53 0.00 03/31/2017 Loan Property Balance
Sabre Inc. 375,057.00 24.45 0.00 12/07/2011 P & I (Current) 13,426,600 13,426,600 220,000,000
The Sabre Group 120,273.00 7.84 0.00 10/31/2008 Tax 4,457,916 4,457,916 1,448,770
Insurance 491,899 491,899 324,087
Status: Performing
Reserves:
Capital Improvements 375,000 375,000 96,909
FF&E 0 0 6
Miscellaneous 1,593,708 1,593,708 1,171,738
Hold Back 0 0 153
Total: 20,345,123 20,345,123
05/12/2009 8:28:40 AM Page 234 Of 241

2008:
Income: Adjusted Interest Income in the amount of -31,978
Expense: Real Estate Taxes based on actual escrowed amount. Property Insurance based on actual escrowed amount. Adjusted Management Fee to 5% of EGI. Adjusted Franchise Fees in the amount of -
95,670 Adjusted Solana Hotel Deprec/Amort in the amount of -463,284 Adjusted Prior Yr Escalation Adjustment in the amount of 30,999 Adjusted Amortization Expense in the amount of -384,477
Adjusted Depreciation Expense in the amount of -2,321,106 Adjusted Sports Club Deprec/Amort Exp in the amount of -73,044 Adjusted Sports Club Income (Loss) in the amount of -314,374 Adjusted
FASB Rent Adjustment in the amount of -518,598 Adjusted Depreciation Expense in the amount of -94,754
DSCR: Debt Service is the actual amount paid as agreed by the borrower. Adjusted Interest Expense - Note Payable in the amount of -12,466,924
Income: Adjusted Other Income in the amount of -1,095,849 Adjusted Interest Income in the amount of -431,505
Expense: Real Estate Taxes reflect impound escrow amount. Property Insurance reflects impound escrow amount. Adjusted Self-Insured Retention in the amount of -44,025. Adjusted General Maintenance in
the amount of -198,000 accumlation from previos years Adjusted Lamp Replacement in the amount of -71,582 Adjusted Solana Project Maintenance Associat in the amount of -497,228 Adjusted Air
Conditioning Repairs in the amount. Management Fees adjusted to 3% of EGI. Adjusted Contract General Maintenance in the amount of -109,000 Non reccuring.
Capital Expense: Capital Items adjusted to reflect underwritten baseline. Adjusted Advertising in the amount of -28,000 Adjusted Tenant Relations in the amount of -10,000. Adjusted Esc. Legal/Consulting
Fees in the amount of -16,964 Non reccring. For self-storage include franchise fees. Adjusted Sports Club Deprec/Amort Exp in the amount of -148,086 Adjusted Sports Club Income (Loss)
in the amount of -563,124 Adjusted Amortization Expense in the amount of -768,964 Adjusted Depreciation Expense in the amount of 4,643,412 Adjusted FASB Rent.
DSCR: Adjusted Interest Expense - Note Payable in the amount of -25,002,348 Adjusted Other Financing Exp in the amount of -100
Base:
05/12/2009 8:28:40 AM Page 235 Of 241

WESTOVER VILLAGE 800 WEST MAIN STREET, LOVELAND, OH
APARTMENTS
Garden Apartment 2/28/2007 - 12 mos 12/31/2007 - 12 mos 12/31/2008 - 12 mos
Income
Gross Potential Rent 0 0 0 0 751,257 8,347 775,380 775,380 775,380 8,615 3% --
Base Rent 752,346 8,359 0 0 0 0 0 0 0 0 -- --
Laundry/Vending 0 0 0 0 8,571 95 3,886 3,886 3,886 43 (55%) --
Parking Income 0 0 0 0 0 0 0 0 0 0 -- --
Other Income 0 0 0 0 10,812 120 17,577 17,577 17,433 194 61% --
Expenses
Management Fees 0 0 0 0 30,379 338 29,250 29,250 31,255 347 3% --
Other Expenses 0 0 0 0 609 7 131,691 131,691 823 9 35% --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow 303,942 3,377 0 0 252,813 2,809 178,243 178,243 286,257 3,181 13% (6%)
Debt Service 230,195 2,558 0 0 230,195 2,558 192,410 192,410 192,410 2,138 (16%) (16%)
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 73,747 819 0 0 22,618 251 (14,167) (14,167) 93,847 1,043 315% 27%
DSCR (A) NOI/NCF 1.42 / 1.32 1.20 / 1.10 1.60 / 1.49
DSCR (A,B) NOI/NCF 1.42 / 1.32 1.20 / 1.10 1.60 / 1.49
DSCR (A,B,C) NOI/NCF 1.42 / 1.32 1.20 / 1.10 1.60 / 1.49

MATRIX WESTOVER VILLAGE LLC Primary: Wells Fargo Bank, NA Surveillance: Leslie Rupracht
Credit:

P & I (Current) 230,195 230,195 3,269,716
Status: Performing
Total: 230,195 230,195
2008:
2007:
Expense: Real Estate Taxes reflects actual amt Paid. Property Insurance reflects Impound Escrow.Management Fees adjusted to 4% .
Capital Expense: Capital items adjusted to reflect Underwritten amt.
Base:
05/12/2009 8:28:40 AM Page 236 Of 241

TUGGLE ROAD 4880 TUGGLE RD, MEMPHIS, TN
1,135,453 NRSF Baseline - mos - mos 2007 YTD Variance
Industrial 2/28/2007 - 12 mos 12/31/2007 - 12 mos
Income
Base Rent 19,452,710 17 0 0 0 0 28,480,315 28,480,315 28,480,315 25 -- 46%
Percentage Rent 0 0 0 0 0 0 0 0 0 0 -- --
Expense Reimbursement 0 0 0 0 0 0 5,299,576 5,299,576 5,232,704 5 -- --
Other Income 0 0 0 0 0 0 651,556 651,556 626,620 1 -- --
Effective Gross Income 19,452,710 17 0 0 0 0 34,431,447 34,431,447 34,339,639 30 -- 77%
Expenses
Real Estate Taxes 0 0 0 0 0 0 3,460,505 3,460,505 3,068,858 3 -- --
Property Insurance 0 0 0 0 0 0 1,450,813 1,450,813 826,930 1 -- --
Janitorial 0 0 0 0 0 0 6,715 6,715 6,715 0 -- --
Management Fees 0 0 0 0 0 0 1,004,374 1,004,374 1,030,191 1 -- --
General & Administrative Expenses 3,518,009 3 0 0 0 0 769,394 769,394 770,288 1 -- (78%)
Other Expenses 0 0 0 0 0 0 10,854,062 10,854,062 351,812 0 -- --
Ground Rent 0 0 0 0 0 0 0 0 0 0 -- --
Total Operating Expenses 3,518,009 3 0 0 0 0 20,033,557 20,033,557 8,544,135 8 -- 143%
Net Operating Income 15,934,701 14 0 0 0 0 14,397,890 14,397,890 25,795,505 23 -- 62%
Tenant Improvements 1,166,327 1 0 0 0 0 0 0 1,262,985 1 -- 8%
Capital Expenditures 556,407 0 0 0 0 0 0 0 973,712 1 -- 75%
Total Capital Items 1,722,734 2 0 0 0 0 0 0 3,014,784 3 -- 75%
Net Cash Flow 14,211,967 13 0 0 0 0 14,397,890 14,397,890 22,780,721 20 -- 60%
Debt Service 10,780,072 9 0 0 0 0 24,790,984 24,790,984 27,688,252 24 -- 157%
Debt Service - B 0 0 0 0 0 0 0 0 0 0 -- --
Debt Service - C 0 0 0 0 0 0 0 0 0 0 -- --
Net Cash Flow After Debt Service 3,431,895 3 0 0 0 0 (10,393,094) (10,393,094) (4,907,532) (4) -- (243%)
DSCR (A) NOI/NCF 1.48 / 1.32 0.93 / 0.82
DSCR (A,B) NOI/NCF 1.48 / 1.32 0.93 / 0.82
DSCR (A,B,C) NOI/NCF 1.48 / 1.32 0.93 / 0.82
Occupancy 100% 100%
Management 3.0%

INDUSTRIAL ACC OWNER LLC ET AL Primary: Wells Fargo Bank, NA Surveillance: Leslie Rupracht
Credit:

Ford Motor Company 769,436.00 67.76 3.35 03/31/2012 Loan Property Balance
Jabil Circuit, Inc. 366,017.00 32.24 2.52 08/31/2009 P & I (Current) 10,632,400 1,896,631 190,000,000
Total: 10,632,400 1,896,631
Status: Performing
2007:
Income: This loan was underwritten on a consolidated basis and input into property 001 of this loan. Refer to the consolidated OSAR for variance comments.
Expense: Real Estate Taxes reflect impound escrow amount. Property Insurance reflects impound escrow amount. Adjusted Management Fee to 3% of EGI per underwritten baseline.
DSCR: Debt Service is the actual amount paid as agreed by the borrower.
Base:
05/12/2009 8:28:40 AM Page 237 Of 241

MEMPHIS LOGISTICS I & II 5510- 5540 EAST HOLMES RD, MEMPHIS, TN

Credit:

Ozburn-Hessey Logistics, LLC 716,600.00 100.00 2.95 10/31/2010 Loan Property Balance
P & I (Current) 10,632,400 1,287,103 190,000,000
Status: Performing
Total: 10,632,400 1,287,103
PETSMART 6499 ADELAIDE COURT, GROVEPORT, OH

Credit:

Petsmart, Inc. 613,048.00 100.00 2.95 07/31/2010 Loan Property Balance
P & I (Current) 10,632,400 1,175,678 190,000,000
Status: Performing
Total: 10,632,400 1,175,678
MCGRAW HILL 1250 GEORGE RD, ASHLAND, OH

Credit:

The McGraw Hill Companies Inc. 602,378.00 100.00 3.08 10/31/2016 Loan Property Balance
P & I (Current) 10,632,400 1,151,780 190,000,000
Status: Performing
Total: 10,632,400 1,151,780
05/12/2009 8:28:40 AM Page 238 Of 241

TIDE COURT 1680 TIDE COURT, WOODLAND, CA

Credit:

Baker & Taylor, Inc. 317,799.00 74.41 4.23 09/30/2010 Loan Property Balance
Apria Healthcare, Inc. 88,414.00 20.70 4.23 11/30/2011 P & I (Current) 10,632,400 1,031,082 190,000,000
Total: 10,632,400 1,031,082
Status: Performing
SOUTHPARK VIII 3357 SOUTHPARK PLACE, GROVE CITY, OH

Credit:

Innotrac corporation 393,969.00 100.00 3.05 09/30/2011 Loan Property Balance
P & I (Current) 10,632,400 855,232 190,000,000
Status: Performing
Total: 10,632,400 855,232
SOUTHPARK VII 3423 SOUTHPARK PLACE, GROVE CITY, OH

Credit:

DecisionOne Corp 393,232.00 100.00 3.21 04/30/2011 Loan Property Balance
P & I (Current) 10,632,400 767,762 190,000,000
Status: Performing
Total: 10,632,400 767,762
05/12/2009 8:28:40 AM Page 239 Of 241

ACCEL 8133 HIGHFIELD DR, LEWIS CENTER, OH

Credit:

Accel, Inc. 304,255.00 100.00 3.61 07/17/2011 Loan Property Balance
P & I (Current) 10,632,400 688,962 190,000,000
Status: Performing
Total: 10,632,400 688,962
SOUTHPARK IV 3655 BROOKHAM DR, GROVE CITY, OH

Credit:

Briargate Realty, Inc. 121,206.00 41.72 2.90 02/28/2015 Loan Property Balance
State Of Ohio 96,522.00 33.22 4.52 06/30/2009 P & I (Current) 10,632,400 625,165 190,000,000
Rexnord Corporation 72,784.00 25.05 3.15 04/30/2009
Total: 10,632,400 625,165
Status: Performing
CENTERPOINT III 3530 EAST RAINES RD, MEMPHIS, TN

Credit:

Levenger Company 250,400.00 62.60 3.07 01/31/2013 Loan Property Balance
P & I (Current) 10,632,400 531,891 190,000,000
Status: Performing
Total: 10,632,400 531,891
05/12/2009 8:28:40 AM Page 240 Of 241

SOUTHPARK VI 2235 SOUTHWEST BLVD, GROVE CITY, OH

Credit:

Relizon 143,335.00 100.00 3.25 02/28/2010 Loan Property Balance
P & I (Current) 10,632,400 315,105 190,000,000
Status: Performing
Total: 10,632,400 315,105
SOUTHPARK V 2297 SOUTHWEST BLVD, GROVE CITY, OH

Credit:

Priority Healthcare Corporation 43,536.00 30.19 3.50 12/31/2012 Loan Property Balance
Cummins Bridgeway, LLC 36,457.00 25.28 3.45 06/30/2010 P & I (Current) 10,632,400 306,008 190,000,000
Total: 10,632,400 306,008
Status: Performing
05/12/2009 8:28:40 AM Page 241 Of 241

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Operating Statement Review Worksheet

Primary Borrower Servicers Analysts

No tenants returned Payment Amount

05/12/2009 8:28:40 AM Page 1 Of 241

Primary Borrower Servicers Analysts

Three Largest Tenants Sq. Ft. % $/SF/Yr Expiration Payment Amount

05/12/2009 8:28:40 AM Page 2 Of 241

Primary Borrower Servicers Analysts

Three Largest Tenants Sq. Ft. % $/SF/Yr Expiration Payment Amount

05/12/2009 8:28:40 AM Page 3 Of 241

Primary Borrower Servicers Analysts

No tenants returned Payment Amount

05/12/2009 8:28:40 AM Page 4 Of 241

Primary Borrower Servicers Analysts

Three Largest Tenants Sq. Ft. % $/SF/Yr Expiration Payment Amount

05/12/2009 8:28:40 AM Page 5 Of 241

Primary Borrower Servicers Analysts

No tenants returned Payment Amount

05/12/2009 8:28:40 AM Page 6 Of 241

Primary Borrower Servicers Analysts

Three Largest Tenants Sq. Ft. % $/SF/Yr Expiration Payment Amount

05/12/2009 8:28:40 AM Page 7 Of 241

Primary Borrower Servicers Analysts

Three Largest Tenants Sq. Ft. % $/SF/Yr Expiration Payment Amount

05/12/2009 8:28:40 AM Page 8 Of 241

Primary Borrower Servicers Analysts

Three Largest Tenants Sq. Ft. % $/SF/Yr Expiration Payment Amount

Status: CMSA Watchlist

05/12/2009 8:28:40 AM Page 9 Of 241

05/12/2009 8:28:40 AM Page 10 Of 241

No tenants returned Payment Amount

05/12/2009 8:28:40 AM Page 11 Of 241

Primary Borrower Servicers Analysts

No tenants returned Payment Amount

05/12/2009 8:28:40 AM Page 12 Of 241

Primary Borrower Servicers Analysts

Three Largest Tenants Sq. Ft. % $/SF/Yr Expiration Payment Amount

Please Check. Sangeetha - 4/28/2008.

05/12/2009 8:28:40 AM Page 13 Of 241

Primary Borrower Servicers Analysts

No tenants returned Payment Amount

05/12/2009 8:28:40 AM Page 14 Of 241

Primary Borrower Servicers Analysts

Three Largest Tenants Sq. Ft. % $/SF/Yr Expiration Payment Amount

05/12/2009 8:28:40 AM Page 15 Of 241

Primary Borrower Servicers Analysts

No tenants returned Payment Amount

05/12/2009 8:28:40 AM Page 16 Of 241

Primary Borrower Servicers Analysts

No tenants returned Payment Amount

05/12/2009 8:28:40 AM Page 17 Of 241

Primary Borrower Servicers Analysts

No tenants returned Payment Amount

05/12/2009 8:28:40 AM Page 18 Of 241

Primary Borrower Servicers Analysts

Three Largest Tenants Sq. Ft. % $/SF/Yr Expiration Payment Amount

05/12/2009 8:28:40 AM Page 19 Of 241

Primary Borrower Servicers Analysts

Three Largest Tenants Sq. Ft. % $/SF/Yr Expiration Payment Amount

05/12/2009 8:28:40 AM Page 20 Of 241

Primary Borrower Servicers Analysts

Three Largest Tenants Sq. Ft. % $/SF/Yr Expiration Payment Amount