Banc of America Merrill Lynch Commercial Mortgage
Filed: 26 Sep 05, 12:00am
1) BALANCE GROSS RT ADMIN FEES NET RT -------------- ----------------- ---------- -------------- A-1 Note 110,000,000.00 5.222476190480000% 0.06152% 5.160956190480% A-2 NOTE (BACM 05-5) 100,000,000.00 5.222476190480000% 0.06083% 5.161646190480% B Note 25,000,000.00 7.662000000000% 0.05000% 7.612000000000% SOTHEBY'S 235,000,000.00 5.482000000% The A-1 Note has been securitized in BACM 2005-4 (the coupon and servicing for the A-1 and B Note remain the same as that for BACM 2005-4 2) TORRE MAYOR A/B NOTE STRUCTURE. TERMS ARE AS FOLLOWS Balance GROSS RT ADMIN FEES NET RT -------------- ------------ ---------- ------------- A1 Note (BACM 05-5) 55,000,000.00 7.5460000000% 0.040830% 7.5051700000% A2 Note 55,000,000.00 7.5460000000% 0.040830% 7.5051700000% B Note 20,000,000.00 7.5460000000% 0.020000% 7.5260000000% - -------------------------------------------------------------------------------- TOTAL 130,000,000.00 Under default scenarios, the Torre loan will pay interest to the A Notes, Principal to the A Notes and all remaining cash, if any, will be used to pay interest and principal to the B Note. This material is for your private information and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete and it should not be relied upon as such. By accepting this material the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing in this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded in its entirety by the information contained in any final prospectus and prospectus supplement for any securities actually sold to you, which you should read before making any investment decision. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as Underwriter and not acting as agent for the issuer in connection with the proposed transaction. BACM 2005-5 SETTLEMENT DATE: 10/13/2005 CERTIFICATE APPROXIMATE S&P MOODY'S BALANCE OR PERCENTAGE APPROXIMATE ---- ------- NOTIONAL OF POOL CREDIT CLASS RATINGS(1) AMOUNT(2) BALANCE SUPPORT RATE TYPE - -------------------------------------------------------------------------------------- Offered Certificates - -------------------------------------------------------------------------------------- A-1 AAA Aaa 66,500,000 3.363% 30.000% Fixed (4) - -------------------------------------------------------------------------------------- A-2 AAA Aaa 250,250,000 12.656% 30.000% Fixed (4) - -------------------------------------------------------------------------------------- A-3 AAA Aaa 164,950,000 8.342% 30.000% Fixed (4) - -------------------------------------------------------------------------------------- A-SB AAA Aaa 99,807,000 5.048% 30.000% Fixed (4) - -------------------------------------------------------------------------------------- A-4 AAA Aaa 802,600,000 40.591% 30.000% Fixed (4) - -------------------------------------------------------------------------------------- A-M AAA Aaa 197,730,000 10.000% 20.000% Fixed (4) - -------------------------------------------------------------------------------------- A-J AAA Aaa 121,109,000 6.125% 13.875% Fixed (4) - -------------------------------------------------------------------------------------- XP AAA Aaa TBD (6) N/A N/A Variable Rate(6) - -------------------------------------------------------------------------------------- B AA Aa2 42,018,000 2.125% 11.750% Fixed (4) - -------------------------------------------------------------------------------------- C AA- Aa3 19,772,000 1.000% 10.750% Fixed (4) - -------------------------------------------------------------------------------------- D A A2 37,075,000 1.875% 8.875% Fixed (4) - -------------------------------------------------------------------------------------- Private Certificates - Not Offered Hereby(5) - -------------------------------------------------------------------------------------- E A- A3 19,773,000 1.000% 7.875% Fixed (4) - -------------------------------------------------------------------------------------- F BBB+ Baa1 24,716,000 1.250% 6.625% Fixed (4) - -------------------------------------------------------------------------------------- G BBB Baa2 27,188,000 1.375% 5.250% Fixed (4) - -------------------------------------------------------------------------------------- H BBB- Baa3 24,716,000 1.250% 4.000% Fixed (4) - -------------------------------------------------------------------------------------- J BB+ Ba1 12,358,000 0.625% 3.375% Fixed (4) - -------------------------------------------------------------------------------------- K BB Ba2 12,358,000 0.625% 2.750% Fixed (4) - -------------------------------------------------------------------------------------- L BB- Ba3 4,943,000 0.250% 2.500% Fixed (4) - -------------------------------------------------------------------------------------- M B+ NR 7,415,000 0.375% 2.125% Fixed (4) - -------------------------------------------------------------------------------------- N B NR 7,415,000 0.375% 1.750% Fixed (4) - -------------------------------------------------------------------------------------- O B- NR 4,943,000 0.250% 1.500% Fixed (4) - -------------------------------------------------------------------------------------- P NR NR 29,660,328 1.500% 0.000% Fixed (4) - -------------------------------------------------------------------------------------- XC AAA Aaa 1,977,296,328 N/A N/A Variable Rate (7) - -------------------------------------------------------------------------------------- APPROXIMATE INITIAL PASS- THROUGH WEIGHTED RATE AS AVERAGE OF DELIVERY LIFE ASSUMED FINAL PRINCIPAL START PRINCIPAL END CLASS DATE (YEARS) (3) DISTRIBUTION DATE (3) WINDOW WINDOW - ------------------------------------------------------------------------------------------- Offered Certificates - ------------------------------------------------------------------------------------------- A-1 % (4) 3.10 August 10, 2010 1 58 - ------------------------------------------------------------------------------------------- A-2 % (4) 4.90 September 10, 2010 58 59 - ------------------------------------------------------------------------------------------- A-3 % (4) 6.56 July 10, 2012 78 81 - ------------------------------------------------------------------------------------------- A-SB % (4) 7.33 March 10, 2015 59 113 - ------------------------------------------------------------------------------------------- A-4 % (4) 9.80 September 10, 2015 113 119 - ------------------------------------------------------------------------------------------- A-M % (4) 9.91 September 10, 2015 119 119 - ------------------------------------------------------------------------------------------- A-J % (4) 9.91 September 10, 2015 119 119 - ------------------------------------------------------------------------------------------- XP % (6) (6) N/A N/A - ------------------------------------------------------------------------------------------- B % (4) 9.91 September 10, 2015 119 119 - ------------------------------------------------------------------------------------------- C % (4) 9.91 September 10, 2015 119 119 - ------------------------------------------------------------------------------------------- D % (4) 9.98 October 10, 2015 119 120 - ------------------------------------------------------------------------------------------- Private Certificates - Not Offered Hereby(5) - ------------------------------------------------------------------------------------------- E % (4) 9.99 October 10, 2015 120 120 - ------------------------------------------------------------------------------------------- F % (4) 9.99 October 10, 2015 120 120 - ------------------------------------------------------------------------------------------- G % (4) 9.99 October 10, 2015 120 120 - ------------------------------------------------------------------------------------------- H % (4) 9.99 October 10, 2015 120 120 - ------------------------------------------------------------------------------------------- J % (4) 9.99 October 10, 2015 120 120 - ------------------------------------------------------------------------------------------- K % (4) 9.99 October 10, 2015 120 120 - ------------------------------------------------------------------------------------------- L % (4) 9.99 October 10, 2015 120 120 - ------------------------------------------------------------------------------------------- M % (4) 9.99 October 10, 2015 120 120 - ------------------------------------------------------------------------------------------- N % (4) 9.99 October 10, 2015 120 120 - ------------------------------------------------------------------------------------------- O % (4) 9.99 October 10, 2015 120 120 - ------------------------------------------------------------------------------------------- P % (4) 12.13 October 10, 2020 120 180 - ------------------------------------------------------------------------------------------- XC % (7) (7) N/A N/A - ------------------------------------------------------------------------------------------- (1) Ratings shown are those of Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc., and Moody's Investors Services, Inc., respectively. (2) As of the delivery date. Subject to a variance of plus or minus 5%. (3) Based on the maturity assumptions (as defined under "Yield and Maturity Considerations" in this prospectus supplement). As of the delivery date, calculations for the certificates assume no prepayments will be made on the mortgage loans prior to their related maturity dates (or, in the case of the mortgage loan with an anticipated repayment date, the related anticipated repayment date). (4) The Class A-1, Class A-2, Class A-3, Class A-SB, Class A-4, Class A-M, Class A-J, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M Class N, Class O and Class P Certificates will each accrue interest as either (i) a fixed rate, (ii) a fixed rate subject to a cap at the weighted average net mortgage rate, (iii) the weighted average net mortgage rate or (iv) the weighted average net mortgage rate less a specified percentage. (5) Not offered by this prospectus supplement. Any information we provide herein regarding the terms of these certificates is provided only to enhance your understanding of the offered certificates. (6) The Class XP Certificates will not have a certificate balance and their holders will not receive distributions of principal, but such holders are entitled to receive payments of the aggregate interest accrued on the notional amount of the Class XP Certificates, as described in this prospectus supplement. The interest rate applicable to the Class XP Certificates for each distribution date will be as described in this prospectus supplement. See "Description of the Certificates--Pass-Through Rates" in this prospectus supplement. (7) The Class XC Certificates are not offered by this prospectus supplement. Any information we provide herein regarding the terms of these certificates is provided only to enhance your understanding of the offered certificates. The Class XC Certificates will not have certificate balances and their holders will not receive distributions of principal, but such holders are entitled to receive payments of the aggregate interest accrued on the notional amount of the Class XC Certificates, as the case may be, as described in this prospectus supplement. The interest rates applicable to the Class XC Certificates for each distribution date will be as described in this prospectus supplement. See "Description of the Certificates - Pass-Through Rates" in this prospectus supplement. This material is for your private information and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete and it should not be relied upon as such. By accepting this material the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing in this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded in its entirety by the information contained in any final prospectus and prospectus supplement for any securities actually sold to you, which you should read before making any investment decision. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as Underwriter and not acting as agent for the issuer in connection with the proposed transaction. A-SB SCHEDULE PERIOD ENDING BALANCE - ------ -------------- 0 99,807,000.00 1 99,807,000.00 2 99,807,000.00 3 99,807,000.00 4 99,807,000.00 5 99,807,000.00 6 99,807,000.00 7 99,807,000.00 8 99,807,000.00 9 99,807,000.00 10 99,807,000.00 11 99,807,000.00 12 99,807,000.00 13 99,807,000.00 14 99,807,000.00 15 99,807,000.00 16 99,807,000.00 17 99,807,000.00 18 99,807,000.00 19 99,807,000.00 20 99,807,000.00 21 99,807,000.00 22 99,807,000.00 23 99,807,000.00 24 99,807,000.00 25 99,807,000.00 26 99,807,000.00 27 99,807,000.00 28 99,807,000.00 29 99,807,000.00 30 99,807,000.00 31 99,807,000.00 32 99,807,000.00 33 99,807,000.00 34 99,807,000.00 35 99,807,000.00 36 99,807,000.00 37 99,807,000.00 38 99,807,000.00 39 99,807,000.00 40 99,807,000.00 41 99,807,000.00 42 99,807,000.00 43 99,807,000.00 44 99,807,000.00 45 99,807,000.00 46 99,807,000.00 47 99,807,000.00 48 99,807,000.00 49 99,807,000.00 50 99,807,000.00 51 99,807,000.00 52 99,807,000.00 53 99,807,000.00 54 99,807,000.00 55 99,807,000.00 56 99,807,000.00 57 99,807,000.00 58 99,807,000.00 59 99,620,810.25 60 97,797,557.04 61 96,133,366.15 62 94,268,385.76 63 92,587,929.41 64 90,899,733.48 65 88,626,719.86 66 86,920,242.81 67 85,014,150.40 68 83,291,020.84 69 81,368,738.37 70 79,628,803.94 71 77,880,853.92 72 75,934,440.22 73 74,169,458.29 74 72,206,485.63 75 70,424,315.94 76 68,633,934.73 77 66,457,232.29 78 66,257,232.29 79 66,057,232.29 80 65,857,232.29 81 65,668,789.95 82 63,891,878.78 83 62,106,782.01 84 60,134,617.85 85 58,326,265.31 86 56,330,495.88 87 54,504,608.75 88 52,670,310.32 89 50,292,823.23 90 48,439,088.38 91 46,399,196.68 92 44,527,511.65 93 42,470,168.19 94 40,580,368.68 95 38,681,861.12 96 36,598,439.91 97 34,681,572.38 98 32,580,300.96 99 30,644,905.34 100 28,700,590.03 101 26,223,271.53 102 24,258,545.54 103 22,110,744.36 104 20,127,051.84 105 17,960,810.69 106 15,957,977.92 107 13,945,912.22 108 11,752,085.68 109 9,720,619.91 110 7,507,931.91 111 2,150,737.33 112 97,408.13 113 0.00 This material is for your private information and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete and it should not be relied upon as such. By accepting this material the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing in this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded in its entirety by the information contained in any final prospectus and prospectus supplement for any securities actually sold to you, which you should read before making any investment decision. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as Underwriter and not acting as agent for the issuer in connection with the proposed transaction. 1 2 3 4 - ------------------------------------------------------------------------------------------------------------------ CUT-OFF PERIOD 1-6 PERIOD 7-12 PERIOD 13-18 PERIOD 19-24 CLASS RATING BALANCE PAC IO NOTIONAL PAC IO NOTIONAL PAC IO NOTIONAL PAC IO NOTIONAL - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ A-1 AAA/AAA 66,500,000.00 63,027,000.00 58,530,000.00 20,705,000.00 -- - ------------------------------------------------------------------------------------------------------------------ A-2 AAA/AAA 250,250,000.00 250,250,000.00 250,250,000.00 250,250,000.00 227,979,000.00 - ------------------------------------------------------------------------------------------------------------------ A-3 AAA/AAA 164,950,000.00 164,950,000.00 164,950,000.00 164,950,000.00 164,950,000.00 - ------------------------------------------------------------------------------------------------------------------ A-SB AAA/AAA 99,807,000.00 99,807,000.00 99,807,000.00 99,807,000.00 99,807,000.00 - ------------------------------------------------------------------------------------------------------------------ A-4 AAA/AAA 802,600,000.00 802,600,000.00 802,600,000.00 802,600,000.00 802,600,000.00 - ------------------------------------------------------------------------------------------------------------------ A-M AAA/AAA 197,730,000.00 197,730,000.00 197,730,000.00 197,730,000.00 197,730,000.00 - ------------------------------------------------------------------------------------------------------------------ AJ AAA/AAA 121,109,000.00 121,109,000.00 121,109,000.00 121,109,000.00 121,109,000.00 - ------------------------------------------------------------------------------------------------------------------ B AA/ AA 42,018,000.00 42,018,000.00 42,018,000.00 42,018,000.00 42,018,000.00 - ------------------------------------------------------------------------------------------------------------------ C AA- / AA- 19,772,000.00 19,772,000.00 19,772,000.00 19,772,000.00 19,772,000.00 - ------------------------------------------------------------------------------------------------------------------ D A/ A 37,075,000.00 37,075,000.00 37,075,000.00 37,075,000.00 37,075,000.00 - ------------------------------------------------------------------------------------------------------------------ E A- / A- 19,773,000.00 19,773,000.00 19,773,000.00 19,773,000.00 19,773,000.00 - ------------------------------------------------------------------------------------------------------------------ F BBB+ / BBB+ 24,716,000.00 24,716,000.00 24,716,000.00 24,716,000.00 24,716,000.00 - ------------------------------------------------------------------------------------------------------------------ G BBB / BBB 27,188,000.00 27,188,000.00 27,188,000.00 27,188,000.00 27,188,000.00 - ------------------------------------------------------------------------------------------------------------------ H BBB- / BBB- 24,716,000.00 24,716,000.00 24,716,000.00 24,716,000.00 24,716,000.00 - ------------------------------------------------------------------------------------------------------------------ J BB+ / BB+ 12,358,000.00 12,358,000.00 12,358,000.00 12,358,000.00 12,358,000.00 - ------------------------------------------------------------------------------------------------------------------ K BB / BB 12,358,000.00 12,358,000.00 12,358,000.00 12,358,000.00 12,358,000.00 - ------------------------------------------------------------------------------------------------------------------ L BB- / BB- 4,943,000.00 4,943,000.00 4,943,000.00 4,943,000.00 4,943,000.00 - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ Total 1,927,863,000.00 1,924,390,000.00 1,919,893,000.00 1,882,068,000.00 1,839,092,000.00 - ------------------------------------------------------------------------------------------------------------------ 5 6 7 8 9 10 - ----------------------------------------------------------------------------------------------------------------------- PERIOD 25-30 PERIOD 31-36 PERIOD 37-42 PERIOD 43-48 PERIOD 49-54 PERIOD 55-60 CLASS PAC IO NOTIONAL PAC IO NOTIONAL PAC IO NOTIONAL PAC IO NOTIONAL PAC IO NOTIONAL PAC IO NOTIONAL - ----------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------- A-1 -- -- -- -- -- -- - ----------------------------------------------------------------------------------------------------------------------- A-2 185,413,000.00 93,077,000.00 52,059,000.00 12,542,000.00 -- -- - ----------------------------------------------------------------------------------------------------------------------- A-3 164,950,000.00 164,950,000.00 164,950,000.00 164,950,000.00 139,055,000.00 -- - ----------------------------------------------------------------------------------------------------------------------- A-SB 99,807,000.00 99,807,000.00 99,807,000.00 99,807,000.00 99,807,000.00 43,105,000.00 - ----------------------------------------------------------------------------------------------------------------------- A-4 802,600,000.00 802,600,000.00 802,600,000.00 802,600,000.00 802,600,000.00 802,600,000.00 - ----------------------------------------------------------------------------------------------------------------------- A-M 197,730,000.00 197,730,000.00 197,730,000.00 197,730,000.00 197,730,000.00 197,730,000.00 - ----------------------------------------------------------------------------------------------------------------------- AJ 121,109,000.00 121,109,000.00 121,109,000.00 121,109,000.00 121,109,000.00 121,109,000.00 - ----------------------------------------------------------------------------------------------------------------------- B 42,018,000.00 42,018,000.00 42,018,000.00 42,018,000.00 42,018,000.00 42,018,000.00 - ----------------------------------------------------------------------------------------------------------------------- C 19,772,000.00 19,772,000.00 19,772,000.00 19,772,000.00 19,772,000.00 19,772,000.00 - ----------------------------------------------------------------------------------------------------------------------- D 37,075,000.00 37,075,000.00 37,075,000.00 37,075,000.00 37,075,000.00 37,075,000.00 - ----------------------------------------------------------------------------------------------------------------------- E 19,773,000.00 19,773,000.00 19,773,000.00 19,773,000.00 19,773,000.00 19,773,000.00 - ----------------------------------------------------------------------------------------------------------------------- F 24,716,000.00 24,716,000.00 24,716,000.00 24,716,000.00 24,716,000.00 20,786,000.00 - ----------------------------------------------------------------------------------------------------------------------- G 27,188,000.00 27,188,000.00 27,188,000.00 26,341,000.00 10,923,000.00 -- - ----------------------------------------------------------------------------------------------------------------------- H 24,716,000.00 24,716,000.00 15,670,000.00 -- -- -- - ----------------------------------------------------------------------------------------------------------------------- J 12,358,000.00 8,042,000.00 -- -- -- -- - ----------------------------------------------------------------------------------------------------------------------- K 12,358,000.00 -- -- -- -- -- - ----------------------------------------------------------------------------------------------------------------------- L 997,000.00 -- -- -- -- -- - ----------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------- Total 1,792,580,000.00 1,682,573,000.00 1,624,467,000.00 1,568,433,000.00 1,514,578,000.00 1,303,968,000.00 - ----------------------------------------------------------------------------------------------------------------------- 11 12 13 14 15 16 - --------------------------------------------------------------------------------------------------------------------- PERIOD 61-66 PERIOD 67-72 PERIOD 73-78 PERIOD 79-84 PERIOD 85-90 PERIOD 91-96 CLASS PAC IO NOTIONAL PAC IO NOTIONAL PAC IO NOTIONAL PAC IO NOTIONAL PAC IO NOTIONAL PAC IO NOTIONAL - --------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------- A-1 -- -- -- -- -- -- - --------------------------------------------------------------------------------------------------------------------- A-2 -- -- -- -- -- -- - --------------------------------------------------------------------------------------------------------------------- A-3 -- -- -- -- -- -- - --------------------------------------------------------------------------------------------------------------------- A-SB 8,277,000.00 -- -- -- -- -- - --------------------------------------------------------------------------------------------------------------------- A-4 802,600,000.00 777,494,000.00 655,715,000.00 603,074,000.00 -- -- - --------------------------------------------------------------------------------------------------------------------- A-M 197,730,000.00 197,730,000.00 197,730,000.00 197,730,000.00 -- -- - --------------------------------------------------------------------------------------------------------------------- AJ 121,109,000.00 121,109,000.00 121,109,000.00 121,109,000.00 -- -- - --------------------------------------------------------------------------------------------------------------------- B 42,018,000.00 42,018,000.00 42,018,000.00 42,018,000.00 -- -- - --------------------------------------------------------------------------------------------------------------------- C 19,772,000.00 19,772,000.00 19,772,000.00 19,772,000.00 -- -- - --------------------------------------------------------------------------------------------------------------------- D 37,075,000.00 37,075,000.00 37,075,000.00 30,254,000.00 -- -- - --------------------------------------------------------------------------------------------------------------------- E 19,773,000.00 15,575,000.00 3,785,000.00 -- -- -- - --------------------------------------------------------------------------------------------------------------------- F 8,065,000.00 -- -- -- -- -- - --------------------------------------------------------------------------------------------------------------------- G -- -- -- -- -- -- - --------------------------------------------------------------------------------------------------------------------- H -- -- -- -- -- -- - --------------------------------------------------------------------------------------------------------------------- J -- -- -- -- -- -- - --------------------------------------------------------------------------------------------------------------------- K -- -- -- -- -- -- - --------------------------------------------------------------------------------------------------------------------- L -- -- -- -- -- -- - --------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------- Total 1,256,419,000.00 1,210,773,000.00 1,077,204,000.00 1,013,957,000.00 -- -- - --------------------------------------------------------------------------------------------------------------------- This material is for your private information and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete and it should not be relied upon as such. By accepting this material the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing in this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded in its entirety by the information contained in any final prospectus and prospectus supplement for any securities actually sold to you, which you should read before making any investment decision. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as Underwriter and not acting as agent for the issuer in connection with the proposed transaction. PAC IO SCHEDULED PAYMENT DATE PERIOD WAC - ------------ ------ ---------------- 10/1/2005 0 11/1/2005 1 5.371400% 12/1/2005 2 5.199000% 1/1/2006 3 5.198900% 2/1/2006 4 5.198800% 3/1/2006 5 5.198800% 4/1/2006 6 5.370900% 5/1/2006 7 5.191900% 6/1/2006 8 5.363900% 7/1/2006 9 5.191800% 8/1/2006 10 5.363700% 9/1/2006 11 5.363700% 10/1/2006 12 5.191600% 11/1/2006 13 5.363500% 12/1/2006 14 5.191400% 1/1/2007 15 5.191400% 2/1/2007 16 5.191300% 3/1/2007 17 5.191400% 4/1/2007 18 5.363100% 5/1/2007 19 5.191000% 6/1/2007 20 5.362900% 7/1/2007 21 5.190900% 8/1/2007 22 5.364600% 9/1/2007 23 5.364500% 10/1/2007 24 5.196500% 11/1/2007 25 5.368600% 12/1/2007 26 5.196300% 1/1/2008 27 5.368400% 2/1/2008 28 5.196100% 3/1/2008 29 5.197000% 4/1/2008 30 5.368100% 5/1/2008 31 5.195800% 6/1/2008 32 5.367900% 7/1/2008 33 5.195600% 8/1/2008 34 5.367700% 9/1/2008 35 5.367600% 10/1/2008 36 5.188500% 11/1/2008 37 5.360200% 12/1/2008 38 5.188200% 1/1/2009 39 5.188100% 2/1/2009 40 5.187900% 3/1/2009 41 5.189500% 4/1/2009 42 5.359500% 5/1/2009 43 5.187400% 6/1/2009 44 5.359100% 7/1/2009 45 5.187100% 8/1/2009 46 5.358800% 9/1/2009 47 5.358700% 10/1/2009 48 5.186700% 11/1/2009 49 5.358400% 12/1/2009 50 5.186500% 1/1/2010 51 5.186400% 2/1/2010 52 5.186300% 3/1/2010 53 5.188600% 4/1/2010 54 5.357800% 5/1/2010 55 5.185900% 6/1/2010 56 5.358400% 7/1/2010 57 5.171800% 8/1/2010 58 5.352200% 9/1/2010 59 5.352700% 10/1/2010 60 5.178900% 11/1/2010 61 5.352400% 12/1/2010 62 5.178700% 1/1/2011 63 5.178500% 2/1/2011 64 5.178400% 3/1/2011 65 5.179200% 4/1/2011 66 5.351800% 5/1/2011 67 5.178000% 6/1/2011 68 5.351500% 7/1/2011 69 5.177800% 8/1/2011 70 5.351200% 9/1/2011 71 5.351100% 10/1/2011 72 5.177400% 11/1/2011 73 5.350800% 12/1/2011 74 5.179800% 1/1/2012 75 5.353300% 2/1/2012 76 5.179600% 3/1/2012 77 5.179700% 4/1/2012 78 5.353000% 5/1/2012 79 5.176800% 6/1/2012 80 5.350200% 7/1/2012 81 5.176400% 8/1/2012 82 5.349800% 9/1/2012 83 5.349600% 10/1/2012 84 5.175900%