Banc of America Merrill Lynch Commercial Mortgage
Filed: 30 Sep 05, 12:00am
BACM 2005-5 Fireman's Fund - ------------------------------------------------------------------- PERIOD PAYMENT DATE BEG BALANCE PRINCIPAL PAYMENT - ------------------------------------------------------------------- 1 11/10/2005 99,879,691.76 105,472.29 2 12/10/2005 99,774,219.47 121,352.07 3 01/10/2006 99,652,867.40 106,555.90 4 02/10/2006 99,546,311.50 107,064.96 5 03/10/2006 99,439,246.54 153,549.28 6 04/10/2006 99,285,697.26 108,309.99 7 05/10/2006 99,177,387.27 124,111.35 8 06/10/2006 99,053,275.92 109,420.34 9 07/10/2006 98,943,855.58 125,191.02 10 08/10/2006 98,818,664.56 110,541.15 11 09/10/2006 98,708,123.41 111,069.24 12 10/10/2006 98,597,054.17 126,794.35 13 11/10/2006 98,470,259.82 112,205.59 14 12/10/2006 98,358,054.23 127,899.30 15 01/10/2007 98,230,154.93 113,352.65 16 02/10/2007 98,116,802.28 113,894.17 17 03/10/2007 98,002,908.11 159,747.07 18 04/10/2007 97,843,161.04 115,201.44 19 05/10/2007 97,727,959.60 130,812.36 20 06/10/2007 97,597,147.24 116,376.73 21 07/10/2007 97,480,770.51 131,955.16 22 08/10/2007 97,348,815.35 117,563.09 23 09/10/2007 97,231,252.26 118,124.72 24 10/10/2007 97,113,127.54 133,654.85 25 11/10/2007 96,979,472.69 119,327.55 26 12/10/2007 96,860,145.14 134,824.44 27 01/10/2008 96,725,320.70 120,541.72 28 02/10/2008 96,604,778.98 121,117.59 29 03/10/2008 96,483,661.39 151,433.81 30 04/10/2008 96,332,227.58 122,419.65 31 05/10/2008 96,209,807.93 137,831.09 32 06/10/2008 96,071,976.84 123,662.95 33 07/10/2008 95,948,313.89 139,040.03 34 08/10/2008 95,809,273.86 124,917.96 35 09/10/2008 95,684,355.90 125,514.74 36 10/10/2008 95,558,841.16 140,840.64 37 11/10/2008 95,418,000.52 126,787.20 38 12/10/2008 95,291,213.32 142,077.94 39 01/10/2009 95,149,135.38 128,071.66 40 02/10/2009 95,021,063.72 128,683.50 41 03/10/2009 94,892,380.22 173,168.99 42 04/10/2009 94,719,211.23 130,125.54 43 05/10/2009 94,589,085.69 145,324.02 44 06/10/2009 94,443,761.67 131,441.45 45 07/10/2009 94,312,320.22 146,603.57 46 08/10/2009 94,165,716.65 132,769.76 47 09/10/2009 94,032,946.89 133,404.04 48 10/10/2009 93,899,542.85 148,511.93 49 11/10/2009 93,751,030.92 134,750.84 50 12/10/2009 93,616,280.08 149,821.51 51 01/10/2010 93,466,458.57 136,110.33 52 02/10/2010 93,330,348.24 136,760.57 53 03/10/2010 93,193,587.67 180,499.27 54 04/10/2010 93,013,088.40 138,276.23 55 05/10/2010 92,874,812.17 153,249.47 56 06/10/2010 92,721,562.70 139,668.93 57 07/10/2010 92,581,893.77 154,603.69 58 08/10/2010 92,427,290.08 141,074.77 59 09/10/2010 92,286,215.31 141,748.73 60 10/10/2010 92,144,466.58 156,626.01 61 11/10/2010 91,987,840.57 143,174.16 62 12/10/2010 91,844,666.41 158,012.05 63 01/10/2011 91,686,654.36 144,613.02 64 02/10/2011 91,542,041.34 145,303.88 65 03/10/2011 91,396,737.46 188,252.67 66 04/10/2011 91,208,484.79 146,897.39 67 05/10/2011 91,061,587.40 161,632.39 68 06/10/2011 90,899,955.01 148,371.34 69 07/10/2011 90,751,583.67 163,065.60 70 08/10/2011 90,588,518.07 149,859.17 71 09/10/2011 90,438,658.90 150,575.09 72 10/10/2011 90,288,083.81 165,208.46 73 11/10/2011 90,122,875.35 152,083.69 74 12/10/2011 89,970,791.66 166,675.37 75 01/10/2012 89,804,116.29 153,606.50 76 02/10/2012 89,650,509.79 154,340.33 77 03/10/2012 89,496,169.46 182,661.63 78 04/10/2012 89,313,507.83 155,950.29 79 05/10/2012 89,157,557.54 170,435.12 80 06/10/2012 88,987,122.42 157,509.54 81 07/10/2012 88,829,612.88 171,951.28 82 08/10/2012 88,657,661.60 159,083.48 83 09/10/2012 88,498,578.12 159,843.47 84 10/10/2012 88,338,734.65 174,220.71 85 11/10/2012 88,164,513.94 161,439.40 86 12/10/2012 88,003,074.54 175,772.53 87 01/10/2013 87,827,302.01 163,050.37 88 02/10/2013 87,664,251.64 163,829.31 89 03/10/2013 87,500,422.33 205,065.25 90 04/10/2013 87,295,357.08 165,591.64 91 05/10/2013 87,129,765.44 179,810.02 92 06/10/2013 86,949,955.42 167,241.73 93 07/10/2013 86,782,713.69 181,414.52 94 08/10/2013 86,601,299.17 168,907.37 95 09/10/2013 86,432,391.80 169,714.30 96 10/10/2013 86,262,677.50 183,818.76 97 11/10/2013 86,078,858.74 171,403.23 98 12/10/2013 85,907,455.51 185,461.02 99 01/10/2014 85,721,994.49 173,108.09 100 02/10/2014 85,548,886.40 173,935.08 101 03/10/2014 85,374,951.32 214,236.65 102 04/10/2014 85,160,714.67 175,789.50 103 05/10/2014 84,984,925.17 189,726.07 104 06/10/2014 84,795,199.10 177,535.68 105 07/10/2014 84,617,663.42 191,424.00 106 08/10/2014 84,426,239.42 179,298.32 107 09/10/2014 84,246,941.10 180,154.88 108 10/10/2014 84,066,786.22 193,970.82 109 11/10/2014 83,872,815.40 181,942.20 110 12/10/2014 83,690,873.20 195,708.74 111 01/10/2015 83,495,164.46 183,746.36 112 02/10/2015 83,311,418.10 184,624.17 113 03/10/2015 83,126,793.93 223,937.44 114 04/10/2015 82,902,856.49 186,576.00 115 05/10/2015 82,716,280.49 200,214.49 116 06/10/2015 82,516,066.00 188,423.82 117 07/10/2015 82,327,642.18 202,011.24 118 08/10/2015 82,125,630.94 190,289.05 119 09/10/2015 81,935,341.89 191,198.12 120 10/10/2015 81,744,143.77 81,744,143.77 - ------------------------------------------------------------------- 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 Wateridge Office Park - ------------------------------------------------------------------- PERIOD PAYMENT DATE BEG BALANCE PRINCIPAL PAYMENT - ------------------------------------------------------------------- 1 11/10/2005 90,000,000.00 0.00 2 12/10/2005 90,000,000.00 0.00 3 01/10/2006 90,000,000.00 0.00 4 02/10/2006 90,000,000.00 0.00 5 03/10/2006 90,000,000.00 0.00 6 04/10/2006 90,000,000.00 0.00 7 05/10/2006 90,000,000.00 0.00 8 06/10/2006 90,000,000.00 0.00 9 07/10/2006 90,000,000.00 0.00 10 08/10/2006 90,000,000.00 0.00 11 09/10/2006 90,000,000.00 0.00 12 10/10/2006 90,000,000.00 0.00 13 11/10/2006 90,000,000.00 0.00 14 12/10/2006 90,000,000.00 0.00 15 01/10/2007 90,000,000.00 0.00 16 02/10/2007 90,000,000.00 0.00 17 03/10/2007 90,000,000.00 0.00 18 04/10/2007 90,000,000.00 0.00 19 05/10/2007 90,000,000.00 0.00 20 06/10/2007 90,000,000.00 0.00 21 07/10/2007 90,000,000.00 0.00 22 08/10/2007 90,000,000.00 0.00 23 09/10/2007 90,000,000.00 0.00 24 10/10/2007 90,000,000.00 0.00 25 11/10/2007 90,000,000.00 0.00 26 12/10/2007 90,000,000.00 0.00 27 01/10/2008 90,000,000.00 0.00 28 02/10/2008 90,000,000.00 0.00 29 03/10/2008 90,000,000.00 0.00 30 04/10/2008 90,000,000.00 0.00 31 05/10/2008 90,000,000.00 0.00 32 06/10/2008 90,000,000.00 0.00 33 07/10/2008 90,000,000.00 0.00 34 08/10/2008 90,000,000.00 0.00 35 09/10/2008 90,000,000.00 0.00 36 10/10/2008 90,000,000.00 0.00 37 11/10/2008 90,000,000.00 0.00 38 12/10/2008 90,000,000.00 0.00 39 01/10/2009 90,000,000.00 0.00 40 02/10/2009 90,000,000.00 0.00 41 03/10/2009 90,000,000.00 0.00 42 04/10/2009 90,000,000.00 0.00 43 05/10/2009 90,000,000.00 0.00 44 06/10/2009 90,000,000.00 0.00 45 07/10/2009 90,000,000.00 0.00 46 08/10/2009 90,000,000.00 0.00 47 09/10/2009 90,000,000.00 0.00 48 10/10/2009 90,000,000.00 0.00 49 11/10/2009 90,000,000.00 0.00 50 12/10/2009 90,000,000.00 0.00 51 01/10/2010 90,000,000.00 0.00 52 02/10/2010 90,000,000.00 0.00 53 03/10/2010 90,000,000.00 0.00 54 04/10/2010 90,000,000.00 0.00 55 05/10/2010 90,000,000.00 0.00 56 06/10/2010 90,000,000.00 0.00 57 07/10/2010 90,000,000.00 0.00 58 08/10/2010 90,000,000.00 0.00 59 09/10/2010 90,000,000.00 0.00 60 10/10/2010 90,000,000.00 103,812.33 61 11/10/2010 89,896,187.67 91,228.97 62 12/10/2010 89,804,958.70 104,660.76 63 01/10/2011 89,700,297.94 92,109.49 64 02/10/2011 89,608,188.45 92,523.52 65 03/10/2011 89,515,664.93 131,878.73 66 04/10/2011 89,383,786.20 93,532.21 67 05/10/2011 89,290,253.99 106,899.73 68 06/10/2011 89,183,354.26 94,433.15 69 07/10/2011 89,088,921.11 107,775.52 70 08/10/2011 88,981,145.59 95,342.08 71 09/10/2011 88,885,803.51 95,770.64 72 10/10/2011 88,790,032.86 109,075.69 73 11/10/2011 88,680,957.18 96,691.43 74 12/10/2011 88,584,265.75 109,970.77 75 01/10/2012 88,474,294.98 97,620.37 76 02/10/2012 88,376,674.60 98,059.18 77 03/10/2012 88,278,615.42 124,100.75 78 04/10/2012 88,154,514.67 99,057.79 79 05/10/2012 88,055,456.89 112,271.09 80 06/10/2012 87,943,185.79 100,007.71 81 07/10/2012 87,843,178.08 113,194.51 82 08/10/2012 87,729,983.58 100,966.05 83 09/10/2012 87,629,017.52 101,419.90 84 10/10/2012 87,527,597.63 114,567.28 85 11/10/2012 87,413,030.35 102,390.76 86 12/10/2012 87,310,639.59 115,511.05 87 01/10/2013 87,195,128.54 103,370.23 88 02/10/2013 87,091,758.31 103,834.88 89 03/10/2013 86,987,923.44 142,141.36 90 04/10/2013 86,845,782.08 104,940.54 91 05/10/2013 86,740,841.54 117,989.67 92 06/10/2013 86,622,851.87 105,942.61 93 07/10/2013 86,516,909.26 118,963.77 94 08/10/2013 86,397,945.48 106,953.57 95 09/10/2013 86,290,991.92 107,434.32 96 10/10/2013 86,183,557.60 120,413.85 97 11/10/2013 86,063,143.74 108,458.50 98 12/10/2013 85,954,685.24 121,409.45 99 01/10/2014 85,833,275.79 109,491.76 100 02/10/2014 85,723,784.04 109,983.92 101 03/10/2014 85,613,800.12 147,720.30 102 04/10/2014 85,466,079.82 111,142.30 103 05/10/2014 85,354,937.51 124,018.35 104 06/10/2014 85,230,919.16 112,199.35 105 07/10/2014 85,118,719.81 125,045.90 106 08/10/2014 84,993,673.92 113,265.77 107 09/10/2014 84,880,408.15 113,774.90 108 10/10/2014 84,766,633.25 126,577.48 109 11/10/2014 84,640,055.78 114,855.28 110 12/10/2014 84,525,200.50 127,627.71 111 01/10/2015 84,397,572.79 115,945.24 112 02/10/2015 84,281,627.55 116,466.41 113 03/10/2015 84,165,161.14 153,601.78 114 04/10/2015 84,011,559.36 117,680.37 115 05/10/2015 83,893,878.99 130,373.96 116 06/10/2015 83,763,505.03 118,795.37 117 07/10/2015 83,644,709.66 131,457.84 118 08/10/2015 83,513,251.82 119,920.26 119 09/10/2015 83,393,331.55 83,393,331.55 - ------------------------------------------------------------------- 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 Sunroad Corporate II - ------------------------------------------------------------------- PERIOD PAYMENT DATE BEG BALANCE PRINCIPAL PAYMENT - ------------------------------------------------------------------- 1 11/10/2005 90,000,000.00 0.00 2 12/10/2005 90,000,000.00 0.00 3 01/10/2006 90,000,000.00 0.00 4 02/10/2006 90,000,000.00 0.00 5 03/10/2006 90,000,000.00 0.00 6 04/10/2006 90,000,000.00 0.00 7 05/10/2006 90,000,000.00 0.00 8 06/10/2006 90,000,000.00 0.00 9 07/10/2006 90,000,000.00 0.00 10 08/10/2006 90,000,000.00 0.00 11 09/10/2006 90,000,000.00 0.00 12 10/10/2006 90,000,000.00 0.00 13 11/10/2006 90,000,000.00 0.00 14 12/10/2006 90,000,000.00 0.00 15 01/10/2007 90,000,000.00 0.00 16 02/10/2007 90,000,000.00 0.00 17 03/10/2007 90,000,000.00 0.00 18 04/10/2007 90,000,000.00 0.00 19 05/10/2007 90,000,000.00 0.00 20 06/10/2007 90,000,000.00 0.00 21 07/10/2007 90,000,000.00 0.00 22 08/10/2007 90,000,000.00 0.00 23 09/10/2007 90,000,000.00 0.00 24 10/10/2007 90,000,000.00 0.00 25 11/10/2007 90,000,000.00 0.00 26 12/10/2007 90,000,000.00 0.00 27 01/10/2008 90,000,000.00 0.00 28 02/10/2008 90,000,000.00 0.00 29 03/10/2008 90,000,000.00 0.00 30 04/10/2008 90,000,000.00 0.00 31 05/10/2008 90,000,000.00 0.00 32 06/10/2008 90,000,000.00 0.00 33 07/10/2008 90,000,000.00 0.00 34 08/10/2008 90,000,000.00 0.00 35 09/10/2008 90,000,000.00 0.00 36 10/10/2008 90,000,000.00 0.00 37 11/10/2008 90,000,000.00 0.00 38 12/10/2008 90,000,000.00 0.00 39 01/10/2009 90,000,000.00 0.00 40 02/10/2009 90,000,000.00 0.00 41 03/10/2009 90,000,000.00 0.00 42 04/10/2009 90,000,000.00 0.00 43 05/10/2009 90,000,000.00 0.00 44 06/10/2009 90,000,000.00 0.00 45 07/10/2009 90,000,000.00 0.00 46 08/10/2009 90,000,000.00 0.00 47 09/10/2009 90,000,000.00 0.00 48 10/10/2009 90,000,000.00 0.00 49 11/10/2009 90,000,000.00 0.00 50 12/10/2009 90,000,000.00 0.00 51 01/10/2010 90,000,000.00 0.00 52 02/10/2010 90,000,000.00 0.00 53 03/10/2010 90,000,000.00 0.00 54 04/10/2010 90,000,000.00 0.00 55 05/10/2010 90,000,000.00 0.00 56 06/10/2010 90,000,000.00 0.00 57 07/10/2010 90,000,000.00 0.00 58 08/10/2010 90,000,000.00 0.00 59 09/10/2010 90,000,000.00 91,053.11 60 10/10/2010 89,908,946.89 104,464.93 61 11/10/2010 89,804,481.96 91,929.72 62 12/10/2010 89,712,552.23 105,317.07 63 01/10/2011 89,607,235.16 92,814.09 64 02/10/2011 89,514,421.07 93,230.23 65 03/10/2011 89,421,190.85 132,447.34 66 04/10/2011 89,288,743.51 94,242.06 67 05/10/2011 89,194,501.45 107,564.85 68 06/10/2011 89,086,936.60 95,146.87 69 07/10/2011 88,991,789.72 108,444.40 70 08/10/2011 88,883,345.32 96,059.68 71 09/10/2011 88,787,285.64 96,490.37 72 10/10/2011 88,690,795.27 109,750.39 73 11/10/2011 88,581,044.88 97,415.06 74 12/10/2011 88,483,629.81 110,649.26 75 01/10/2012 88,372,980.55 98,347.93 76 02/10/2012 88,274,632.62 98,788.88 77 03/10/2012 88,175,843.74 124,737.64 78 04/10/2012 88,051,106.10 99,791.07 79 05/10/2012 87,951,315.03 112,958.93 80 06/10/2012 87,838,356.10 100,744.94 81 07/10/2012 87,737,611.16 113,886.18 82 08/10/2012 87,623,724.98 101,707.25 83 09/10/2012 87,522,017.73 102,163.26 84 10/10/2012 87,419,854.47 115,264.90 85 11/10/2012 87,304,589.57 103,138.11 86 12/10/2012 87,201,451.46 116,212.53 87 01/10/2013 87,085,238.93 104,121.58 88 02/10/2013 86,981,117.36 104,588.41 89 03/10/2013 86,876,528.94 142,752.34 90 04/10/2013 86,733,776.60 105,697.38 91 05/10/2013 86,628,079.22 118,700.34 92 06/10/2013 86,509,378.88 106,703.47 93 07/10/2013 86,402,675.41 119,678.35 94 08/10/2013 86,282,997.05 107,718.47 95 09/10/2013 86,175,278.59 108,201.43 96 10/10/2013 86,067,077.16 121,134.48 97 11/10/2013 85,945,942.67 109,229.67 98 12/10/2013 85,836,713.00 122,134.02 99 01/10/2014 85,714,578.99 110,267.00 100 02/10/2014 85,604,311.99 110,761.38 101 03/10/2014 85,493,550.61 148,352.93 102 04/10/2014 85,345,197.68 111,923.14 103 05/10/2014 85,233,274.54 124,752.28 104 06/10/2014 85,108,522.26 112,984.28 105 07/10/2014 84,995,537.98 125,783.80 106 08/10/2014 84,869,754.17 114,054.81 107 09/10/2014 84,755,699.36 114,566.18 108 10/10/2014 84,641,133.18 127,321.54 109 11/10/2014 84,513,811.65 115,650.69 110 12/10/2014 84,398,160.95 128,375.77 111 01/10/2015 84,269,785.18 116,744.80 112 02/10/2015 84,153,040.38 117,268.23 113 03/10/2015 84,035,772.15 154,256.43 114 04/10/2015 83,881,515.72 118,485.62 115 05/10/2015 83,763,030.10 131,131.55 116 06/10/2015 83,631,898.55 119,604.79 117 07/10/2015 83,512,293.75 132,219.48 118 08/10/2015 83,380,074.28 83,380,074.28 - ------------------------------------------------------------------- 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 San Gabriel Square - ------------------------------------------------------------------- PERIOD PAYMENT DATE BEG BALANCE PRINCIPAL PAYMENT - ------------------------------------------------------------------- 1 11/10/2005 56,935,226.35 56,677.60 2 12/10/2005 56,878,548.75 65,310.06 3 01/10/2006 56,813,238.69 57,234.34 4 02/10/2006 56,756,004.35 57,495.55 5 03/10/2006 56,698,508.79 82,799.80 6 04/10/2006 56,615,709.00 58,135.84 7 05/10/2006 56,557,573.15 66,727.70 8 06/10/2006 56,490,845.45 58,705.71 9 07/10/2006 56,432,139.74 67,281.70 10 08/10/2006 56,364,858.04 59,280.70 11 09/10/2006 56,305,577.34 59,551.25 12 10/10/2006 56,246,026.09 68,103.70 13 11/10/2006 56,177,922.39 60,133.85 14 12/10/2006 56,117,788.53 68,670.08 15 01/10/2007 56,049,118.45 60,721.70 16 02/10/2007 55,988,396.75 60,998.83 17 03/10/2007 55,927,397.92 85,978.49 18 04/10/2007 55,841,419.43 61,669.62 19 05/10/2007 55,779,749.82 70,163.09 20 06/10/2007 55,709,586.73 62,271.29 21 07/10/2007 55,647,315.44 70,748.01 22 08/10/2007 55,576,567.44 62,878.37 23 09/10/2007 55,513,689.07 63,165.34 24 10/10/2007 55,450,523.72 71,617.17 25 11/10/2007 55,378,906.55 63,780.47 26 12/10/2007 55,315,126.08 72,215.18 27 01/10/2008 55,242,910.90 64,401.14 28 02/10/2008 55,178,509.76 64,695.06 29 03/10/2008 55,113,814.70 81,218.28 30 04/10/2008 55,032,596.42 65,360.99 31 05/10/2008 54,967,235.42 73,751.69 32 06/10/2008 54,893,483.73 65,995.89 33 07/10/2008 54,827,487.84 74,368.91 34 08/10/2008 54,753,118.93 66,636.50 35 09/10/2008 54,686,482.43 66,940.62 36 10/10/2008 54,619,541.81 75,287.34 37 11/10/2008 54,544,254.47 67,589.73 38 12/10/2008 54,476,664.74 75,918.38 39 01/10/2009 54,400,746.36 68,244.69 40 02/10/2009 54,332,501.67 68,556.15 41 03/10/2009 54,263,945.52 92,835.61 42 04/10/2009 54,171,109.91 69,292.72 43 05/10/2009 54,101,817.19 77,573.96 44 06/10/2009 54,024,243.23 69,963.01 45 07/10/2009 53,954,280.22 78,225.58 46 08/10/2009 53,876,054.64 70,639.32 47 09/10/2009 53,805,415.32 70,961.71 48 10/10/2009 53,734,453.61 79,196.48 49 11/10/2009 53,655,257.13 71,647.02 50 12/10/2009 53,583,610.11 79,862.71 51 01/10/2010 53,503,747.40 72,338.49 52 02/10/2010 53,431,408.91 72,668.64 53 03/10/2010 53,358,740.28 96,567.07 54 04/10/2010 53,262,173.21 73,441.01 55 05/10/2010 53,188,732.20 81,606.75 56 06/10/2010 53,107,125.45 74,148.63 57 07/10/2010 53,032,976.82 82,294.67 58 08/10/2010 52,950,682.15 74,862.62 59 09/10/2010 52,875,819.53 75,204.28 60 10/10/2010 52,800,615.25 83,320.93 61 11/10/2010 52,717,294.32 75,927.78 62 12/10/2010 52,641,366.54 84,024.28 63 01/10/2011 52,557,342.26 76,657.78 64 02/10/2011 52,480,684.48 77,007.64 65 03/10/2011 52,403,676.84 100,504.05 66 04/10/2011 52,303,172.79 77,817.78 67 05/10/2011 52,225,355.01 85,861.67 68 06/10/2011 52,139,493.35 78,564.80 69 07/10/2011 52,060,928.55 86,587.88 70 08/10/2011 51,974,340.67 79,318.53 71 09/10/2011 51,895,022.13 79,680.54 72 10/10/2011 51,815,341.60 87,672.56 73 11/10/2011 51,727,669.04 80,444.32 74 12/10/2011 51,647,224.72 88,415.07 75 01/10/2012 51,558,809.65 81,214.97 76 02/10/2012 51,477,594.68 81,585.63 77 03/10/2012 51,396,009.05 97,091.24 78 04/10/2012 51,298,917.81 82,401.09 79 05/10/2012 51,216,516.72 90,317.37 80 06/10/2012 51,126,199.35 83,189.36 81 07/10/2012 51,043,009.99 91,083.69 82 08/10/2012 50,951,926.30 83,984.72 83 09/10/2012 50,867,941.58 84,368.02 84 10/10/2012 50,783,573.57 92,229.53 85 11/10/2012 50,691,344.03 85,173.99 86 12/10/2012 50,606,170.05 93,013.07 87 01/10/2013 50,513,156.98 85,987.21 88 02/10/2013 50,427,169.77 86,379.65 89 03/10/2013 50,340,790.12 109,007.73 90 04/10/2013 50,231,782.39 87,271.38 91 05/10/2013 50,144,511.01 95,052.06 92 06/10/2013 50,049,458.95 88,103.48 93 07/10/2013 49,961,355.47 95,861.00 94 08/10/2013 49,865,494.48 88,943.07 95 09/10/2013 49,776,551.40 89,349.00 96 10/10/2013 49,687,202.40 97,071.84 97 11/10/2013 49,590,130.56 90,199.80 98 12/10/2013 49,499,930.76 97,898.96 99 01/10/2014 49,402,031.80 91,058.27 100 02/10/2014 49,310,973.54 91,473.85 101 03/10/2014 49,219,499.69 113,629.93 102 04/10/2014 49,105,869.76 92,409.92 103 05/10/2014 49,013,459.84 100,047.54 104 06/10/2014 48,913,412.30 93,288.27 105 07/10/2014 48,820,124.03 100,901.44 106 08/10/2014 48,719,222.60 94,174.53 107 09/10/2014 48,625,048.07 94,604.33 108 10/10/2014 48,530,443.73 102,180.86 109 11/10/2014 48,428,262.88 95,502.44 110 12/10/2014 48,332,760.44 103,053.96 111 01/10/2015 48,229,706.48 96,408.63 112 02/10/2015 48,133,297.85 96,848.63 113 03/10/2015 48,036,449.22 118,506.73 114 04/10/2015 47,917,942.49 97,831.48 115 05/10/2015 47,820,111.01 105,318.16 116 06/10/2015 47,714,792.85 98,758.64 117 07/10/2015 47,616,034.21 106,219.50 118 08/10/2015 47,509,814.71 99,694.13 119 09/10/2015 47,410,120.58 47,410,120.58 - ------------------------------------------------------------------- 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 Sothebys - ------------------------------------------------------------------- PERIOD PAYMENT DATE BEG BALANCE PRINCIPAL PAYMENT - ------------------------------------------------------------------- 1 11/10/2005 100,000,000.00 0.00 2 12/10/2005 100,000,000.00 0.00 3 01/10/2006 100,000,000.00 0.00 4 02/10/2006 100,000,000.00 0.00 5 03/10/2006 100,000,000.00 0.00 6 04/10/2006 100,000,000.00 0.00 7 05/10/2006 100,000,000.00 0.00 8 06/10/2006 100,000,000.00 0.00 9 07/10/2006 100,000,000.00 0.00 10 08/10/2006 100,000,000.00 0.00 11 09/10/2006 100,000,000.00 0.00 12 10/10/2006 100,000,000.00 0.00 13 11/10/2006 100,000,000.00 0.00 14 12/10/2006 100,000,000.00 0.00 15 01/10/2007 100,000,000.00 0.00 16 02/10/2007 100,000,000.00 0.00 17 03/10/2007 100,000,000.00 0.00 18 04/10/2007 100,000,000.00 0.00 19 05/10/2007 100,000,000.00 0.00 20 06/10/2007 100,000,000.00 0.00 21 07/10/2007 100,000,000.00 0.00 22 08/10/2007 100,000,000.00 0.00 23 09/10/2007 100,000,000.00 0.00 24 10/10/2007 100,000,000.00 0.00 25 11/10/2007 100,000,000.00 0.00 26 12/10/2007 100,000,000.00 0.00 27 01/10/2008 100,000,000.00 0.00 28 02/10/2008 100,000,000.00 0.00 29 03/10/2008 100,000,000.00 0.00 30 04/10/2008 100,000,000.00 0.00 31 05/10/2008 100,000,000.00 0.00 32 06/10/2008 100,000,000.00 0.00 33 07/10/2008 100,000,000.00 0.00 34 08/10/2008 100,000,000.00 0.00 35 09/10/2008 100,000,000.00 0.00 36 10/10/2008 100,000,000.00 0.00 37 11/10/2008 100,000,000.00 0.00 38 12/10/2008 100,000,000.00 0.00 39 01/10/2009 100,000,000.00 0.00 40 02/10/2009 100,000,000.00 0.00 41 03/10/2009 100,000,000.00 0.00 42 04/10/2009 100,000,000.00 0.00 43 05/10/2009 100,000,000.00 0.00 44 06/10/2009 100,000,000.00 0.00 45 07/10/2009 100,000,000.00 0.00 46 08/10/2009 100,000,000.00 0.00 47 09/10/2009 100,000,000.00 0.00 48 10/10/2009 100,000,000.00 0.00 49 11/10/2009 100,000,000.00 0.00 50 12/10/2009 100,000,000.00 0.00 51 01/10/2010 100,000,000.00 0.00 52 02/10/2010 100,000,000.00 0.00 53 03/10/2010 100,000,000.00 0.00 54 04/10/2010 100,000,000.00 0.00 55 05/10/2010 100,000,000.00 0.00 56 06/10/2010 100,000,000.00 0.00 57 07/10/2010 100,000,000.00 0.00 58 08/10/2010 100,000,000.00 94,599.06 59 09/10/2010 99,905,400.94 95,045.62 60 10/10/2010 99,810,355.32 110,693.20 61 11/10/2010 99,699,662.12 96,016.84 62 12/10/2010 99,603,645.28 111,637.52 63 01/10/2011 99,492,007.76 96,997.09 64 02/10/2011 99,395,010.67 97,454.98 65 03/10/2011 99,297,555.69 143,277.46 66 04/10/2011 99,154,278.23 98,591.38 67 05/10/2011 99,055,686.85 114,140.77 68 06/10/2011 98,941,546.08 99,595.61 69 07/10/2011 98,841,950.47 115,117.19 70 08/10/2011 98,726,833.28 100,609.18 71 09/10/2011 98,626,224.09 101,084.12 72 10/10/2011 98,525,139.97 116,564.49 73 11/10/2011 98,408,575.48 102,111.56 74 12/10/2011 98,306,463.93 117,563.47 75 01/10/2012 98,188,900.45 103,148.56 76 02/10/2012 98,085,751.90 103,635.48 77 03/10/2012 97,982,116.42 133,965.70 78 04/10/2012 97,848,150.72 104,757.10 79 05/10/2012 97,743,393.61 120,135.77 80 06/10/2012 97,623,257.85 105,818.73 81 07/10/2012 97,517,439.11 121,168.00 82 08/10/2012 97,396,271.11 106,890.25 83 09/10/2012 97,289,380.86 107,394.84 84 10/10/2012 97,181,986.02 122,700.46 85 11/10/2012 97,059,285.56 108,481.03 86 12/10/2012 96,950,804.53 123,756.58 87 01/10/2013 96,827,047.95 109,577.33 88 02/10/2013 96,717,470.62 110,094.60 89 03/10/2013 96,607,376.01 154,747.79 90 04/10/2013 96,452,628.23 111,344.82 91 05/10/2013 96,341,283.41 126,541.07 92 06/10/2013 96,214,742.33 112,467.79 93 07/10/2013 96,102,274.54 127,632.95 94 08/10/2013 95,974,641.60 113,601.21 95 09/10/2013 95,861,040.39 114,137.48 96 10/10/2013 95,746,902.91 129,256.40 97 11/10/2013 95,617,646.51 115,286.45 98 12/10/2013 95,502,360.06 130,373.56 99 01/10/2014 95,371,986.51 116,446.11 100 02/10/2014 95,255,540.39 116,995.81 101 03/10/2014 95,138,544.59 161,010.56 102 04/10/2014 94,977,534.03 118,308.17 103 05/10/2014 94,859,225.86 133,311.61 104 06/10/2014 94,725,914.25 119,495.97 105 07/10/2014 94,606,418.29 134,466.52 106 08/10/2014 94,471,951.77 120,694.82 107 09/10/2014 94,351,256.95 121,264.58 108 10/10/2014 94,229,992.37 136,186.16 109 11/10/2014 94,093,806.21 122,479.90 110 12/10/2014 93,971,326.31 137,367.83 111 01/10/2015 93,833,958.48 123,706.54 112 02/10/2015 93,710,251.94 124,290.51 113 03/10/2015 93,585,961.42 167,630.43 114 04/10/2015 93,418,331.00 125,668.56 115 05/10/2015 93,292,662.44 140,468.19 116 06/10/2015 93,152,194.25 126,924.89 117 07/10/2015 93,025,269.36 93,025,269.36 - ------------------------------------------------------------------- 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 Torre Mayor - ------------------------------------------------------------------- PERIOD PAYMENT DATE BEG BALANCE PRINCIPAL PAYMENT - ------------------------------------------------------------------- 1 11/10/2005 55,000,000.00 0.00 2 12/10/2005 55,000,000.00 0.00 3 01/10/2006 55,000,000.00 0.00 4 02/10/2006 55,000,000.00 0.00 5 03/10/2006 55,000,000.00 0.00 6 04/10/2006 55,000,000.00 0.00 7 05/10/2006 55,000,000.00 40,443.55 8 06/10/2006 54,959,556.45 29,177.74 9 07/10/2006 54,930,378.71 40,881.35 10 08/10/2006 54,889,497.36 29,632.98 11 09/10/2006 54,859,864.38 29,825.53 12 10/10/2006 54,830,038.85 41,512.32 13 11/10/2006 54,788,526.52 30,289.08 14 12/10/2006 54,758,237.44 41,963.83 15 01/10/2007 54,716,273.61 30,758.58 16 02/10/2007 54,685,515.03 30,958.45 17 03/10/2007 54,654,556.58 65,528.22 18 04/10/2007 54,589,028.36 31,585.41 19 05/10/2007 54,557,442.95 43,226.50 20 06/10/2007 54,514,216.46 32,071.53 21 07/10/2007 54,482,144.92 43,700.00 22 08/10/2007 54,438,444.93 32,563.89 23 09/10/2007 54,405,881.03 32,775.49 24 10/10/2007 54,373,105.54 44,385.67 25 11/10/2007 54,328,719.87 33,276.88 26 12/10/2007 54,295,442.99 44,874.04 27 01/10/2008 54,250,568.95 33,784.70 28 02/10/2008 54,216,784.25 34,004.23 29 03/10/2008 54,182,780.02 56,939.81 30 04/10/2008 54,125,840.20 34,595.18 31 05/10/2008 54,091,245.02 46,158.10 32 06/10/2008 54,045,086.92 35,119.91 33 07/10/2008 54,009,967.01 46,669.21 34 08/10/2008 53,963,297.80 35,651.37 35 09/10/2008 53,927,646.43 35,883.03 36 10/10/2008 53,891,763.39 47,412.51 37 11/10/2008 53,844,350.88 36,424.28 38 12/10/2008 53,807,926.60 47,939.71 39 01/10/2009 53,759,986.89 36,972.48 40 02/10/2009 53,723,014.42 37,212.72 41 03/10/2009 53,685,801.70 71,213.95 42 04/10/2009 53,614,587.75 37,917.27 43 05/10/2009 53,576,670.48 49,393.92 44 06/10/2009 53,527,276.55 38,484.61 45 07/10/2009 53,488,791.94 49,946.53 46 08/10/2009 53,438,845.41 39,059.24 47 09/10/2009 53,399,786.17 39,313.04 48 10/10/2009 53,360,473.13 50,753.44 49 11/10/2009 53,309,719.69 39,898.29 50 12/10/2009 53,269,821.41 51,323.49 51 01/10/2010 53,218,497.92 40,491.04 52 02/10/2010 53,178,006.87 40,754.15 53 03/10/2010 53,137,252.72 74,433.44 54 04/10/2010 53,062,819.28 41,502.63 55 05/10/2010 53,021,316.65 52,886.17 56 06/10/2010 52,968,430.48 42,115.97 57 07/10/2010 52,926,314.51 53,483.58 58 08/10/2010 52,872,830.94 42,737.17 59 09/10/2010 52,830,093.77 43,014.87 60 10/10/2010 52,787,078.90 54,359.14 61 11/10/2010 52,732,719.77 43,647.60 62 12/10/2010 52,689,072.17 54,975.44 63 01/10/2011 52,634,096.73 44,288.45 64 02/10/2011 52,589,808.28 44,576.23 65 03/10/2011 52,545,232.05 77,908.08 66 04/10/2011 52,467,323.97 45,372.13 67 05/10/2011 52,421,951.85 56,655.18 68 06/10/2011 52,365,296.67 46,035.10 69 07/10/2011 52,319,261.57 57,300.93 70 08/10/2011 52,261,960.65 46,706.57 71 09/10/2011 52,215,254.08 47,010.06 72 10/10/2011 52,168,244.02 58,250.58 73 11/10/2011 52,109,993.44 47,694.04 74 12/10/2011 52,062,299.40 58,916.79 75 01/10/2012 52,003,382.61 48,386.79 76 02/10/2012 51,954,995.81 48,701.21 77 03/10/2012 51,906,294.61 70,777.94 78 04/10/2012 51,835,516.67 49,477.58 79 05/10/2012 51,786,039.09 60,654.01 80 06/10/2012 51,725,385.08 50,193.21 81 07/10/2012 51,675,191.88 61,351.05 82 08/10/2012 51,613,840.83 50,918.01 83 09/10/2012 51,562,922.81 51,248.88 84 10/10/2012 51,511,673.94 62,379.31 85 11/10/2012 51,449,294.63 51,987.23 86 12/10/2012 51,397,307.40 63,098.48 87 01/10/2013 51,334,208.92 52,735.05 88 02/10/2013 51,281,473.88 53,077.72 89 03/10/2013 51,228,396.16 85,636.73 90 04/10/2013 51,142,759.43 53,979.07 91 05/10/2013 51,088,780.35 65,038.60 92 06/10/2013 51,023,741.75 54,752.44 93 07/10/2013 50,968,989.30 65,791.89 94 08/10/2013 50,903,197.41 55,535.74 95 09/10/2013 50,847,661.68 55,896.60 96 10/10/2013 50,791,765.08 66,906.33 97 11/10/2013 50,724,858.74 56,694.57 98 12/10/2013 50,668,164.17 67,683.58 99 01/10/2014 50,600,480.59 57,502.77 100 02/10/2014 50,542,977.82 57,876.42 101 03/10/2014 50,485,101.40 89,999.21 102 04/10/2014 50,395,102.19 58,837.31 103 05/10/2014 50,336,264.88 69,770.67 104 06/10/2014 50,266,494.20 59,673.00 105 07/10/2014 50,206,821.21 70,584.66 106 08/10/2014 50,136,236.55 60,519.40 107 09/10/2014 50,075,717.15 60,912.66 108 10/10/2014 50,014,804.49 71,792.12 109 11/10/2014 49,943,012.37 61,774.96 110 12/10/2014 49,881,237.40 72,632.04 111 01/10/2015 49,808,605.37 62,648.33 112 02/10/2015 49,745,957.04 63,055.42 113 03/10/2015 49,682,901.62 94,707.41 114 04/10/2015 49,588,194.20 64,080.55 115 05/10/2015 49,524,113.65 74,877.75 116 06/10/2015 49,449,235.90 64,983.50 117 07/10/2015 49,384,252.40 75,757.24 118 08/10/2015 49,308,495.16 65,898.02 119 09/10/2015 49,242,597.14 ######### - ------------------------------------------------------------------- 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.