Banc of America Merrill Lynch Commercial Mortgage
Filed: 23 Dec 05, 12:00am
Free Writing Prospectus Filed Pursuant to Rule 433 Registration Statement Number: 333-127779-03 STRUCTURAL AND COLLATERAL INFORMATION $2,543,341,000 (APPROXIMATE OFFERED CERTIFICATES) $2,742,147,258 (APPROXIMATE TOTAL COLLATERAL BALANCE) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 OFFERED CLASSES A-1, A-2, A-3, A-SB, A-4, A-M, A-J, B, C, D, E AND F CERTIFICATES BANK OF AMERICA, N.A. MORTGAGE LOAN SELLER BARCLAYS CAPITAL REAL ESTATE INC. MORTGAGE LOAN SELLER BEAR STEARNS COMMERCIAL MORTGAGE, INC. MORTGAGE LOAN SELLER BANK OF AMERICA, N.A. MASTER SERVICER LNR PARTNERS, INC. SPECIAL SERVICER DECEMBER 2005 THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE SEC FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS IN THAT REGISTRATION STATEMENT AND OTHER DOCUMENTS THE ISSUER HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE ISSUER AND THIS OFFERING. YOU MAY GET THESE DOCUMENTS FOR FREE BY VISITING EDGAR ON THE SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY, THE ISSUER, ANY UNDERWRITER OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS IF YOU REQUEST IT BY CALLING TOLL-FREE 1-800-294-1322 OR YOU E-MAIL A REQUEST TO DG.PROSPECTUS_DISTRIBUTION@BOFASECURITIES.COM. THE SECURITIES MAY NOT BE SUITABLE FOR ALL INVESTORS. BANC OF AMERICA SECURITIES LLC AND THE OTHER UNDERWRITERS AND THEIR AFFILIATES MAY ACQUIRE, HOLD OR SELL POSITIONS IN THESE SECURITIES, OR IN RELATED DERIVATIVES, AND MAY HAVE AN INVESTMENT OR COMMERCIAL BANKING RELATIONSHIP WITH THE ISSUER. BANC OF AMERICA SECURITIES LLC BEAR, STEARNS & CO. INC. BARCLAYS CAPITAL ---------- DEUTSCHE BANK SECURITIES MORGAN STANLEY BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES - -------------------------------------------------------------------------------- THE ASSET-BACKED SECURITIES REFERRED TO IN THESE MATERIALS, AND THE ASSET POOLS BACKING THEM, ARE SUBJECT TO MODIFICATION OR REVISION (INCLUDING THE POSSIBILITY THAT ONE OR MORE CLASSES OF SECURITIES MAY BE SPLIT, COMBINED OR ELIMINATED AT ANY TIME PRIOR TO ISSUANCE OR AVAILABILITY OF A FINAL PROSPECTUS) AND ARE OFFERED ON A "WHEN, AS AND IF ISSUED" BASIS. YOU UNDERSTAND THAT, WHEN YOU ARE CONSIDERING THE PURCHASE OF THESE SECURITIES, A CONTRACT OF SALE WILL COME INTO BEING NO SOONER THAN THE DATE ON WHICH THE RELEVANT CLASS HAS BEEN PRICED AND WE HAVE CONFIRMED THE ALLOCATION OF SECURITIES TO BE MADE TO YOU; ANY "INDICATIONS OF INTEREST" EXPRESSED BY YOU, AND ANY "SOFT CIRCLES" GENERATED BY US, WILL NOT CREATE BINDING CONTRACTUAL OBLIGATIONS FOR YOU OR US. BECAUSE THE ASSET-BACKED SECURITIES ARE BEING OFFERED ON A "WHEN, AS AND IF ISSUED" BASIS, ANY SUCH CONTRACT WILL TERMINATE, BY ITS TERMS, WITHOUT ANY FURTHER OBLIGATION OR LIABILITY BETWEEN US, IF THE SECURITIES THEMSELVES, OR THE PARTICULAR CLASS TO WHICH THE CONTRACT RELATES, ARE NOT ISSUED. BECAUSE THE ASSET-BACKED SECURITIES ARE SUBJECT TO MODIFICATION OR REVISION, ANY SUCH CONTRACT ALSO IS CONDITIONED UPON THE UNDERSTANDING THAT NO MATERIAL CHANGE WILL OCCUR WITH RESPECT TO THE RELEVANT CLASS OF SECURITIES PRIOR TO THE CLOSING DATE. IF A MATERIAL CHANGE DOES OCCUR WITH RESPECT TO SUCH CLASS, OUR CONTRACT WILL TERMINATE, BY ITS TERMS, WITHOUT ANY FURTHER OBLIGATION OR LIABILITY BETWEEN US (THE "AUTOMATIC TERMINATION"). IF AN AUTOMATIC TERMINATION OCCURS, WE WILL PROVIDE YOU WITH REVISED OFFERING MATERIALS REFLECTING THE MATERIAL CHANGE AND GIVE YOU AN OPPORTUNITY TO PURCHASE SUCH CLASS. TO INDICATE YOUR INTEREST IN PURCHASING THE CLASS, YOU MUST COMMUNICATE TO US YOUR DESIRE TO DO SO WITHIN SUCH TIMEFRAME AS MAY BE DESIGNATED IN CONNECTION WITH YOUR RECEIPT OF THE REVISED OFFERING MATERIALS. ---------- The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Banc of America Securities LLC, Barclays Capital Inc., Bear, Stearns & Co. Inc., Deutsche Bank Securities Inc. and Morgan Stanley & Co. Incorporated (each an "Underwriter" and, collectively, the "Underwriters") make no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials should not be relied upon for such purposes. The Underwriters and their respective affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Information in these materials is current as of the date appearing on the material only. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and subject to change. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are 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. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their respective affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. ---------- The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- ---------- IRS CIRCULAR 230 NOTICE THIS FREE WRITING PROSPECTUS IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING U.S. FEDERAL, STATE OR LOCAL TAX PENALTIES. THIS FREE WRITING PROSPECTUS IS WRITTEN AND PROVIDED BY THE UNDERWRITERS IN CONNECTION WITH THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN. INVESTORS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR. ---------- The file number of the registration statement to which this free writing prospectus relates is 333-127779. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. TABLE OF CONTENTS Transaction Structure Structure Overview...................................................... 1 Structure Schematic..................................................... 2 Transaction Terms....................................................... 3 Contact Information..................................................... 6 Mortgage Pool Characteristics General Characteristics................................................. 7 Property Type........................................................... 8 Property Location....................................................... 9 Mortgage Pool Characteristics........................................... 10 Prepayment Provisions Based on Outstanding Principal Balance............ 11 Ten Largest Mortgage Loans 277 Park Avenue......................................................... 13 KinderCare Portfolio.................................................... 19 InTown Suites Portfolio................................................. 24 Summit at Warner Center................................................. 30 Burnett Plaza........................................................... 36 Paramus Park Mall....................................................... 42 Omni Hotel - San Diego.................................................. 49 ODS Tower............................................................... 55 2001 K Street........................................................... 61 River Ranch Apartments.................................................. 67 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURE OVERVIEW - -------------------------------------------------------------------------------- OFFERED CERTIFICATES APPROX. EXPECTED CERTIFICATE % OF RATINGS BALANCE OR INITIAL APPROX. WEIGHTED PRINCIPAL ASSUMED FINAL -------------- NOTIONAL POOL CREDIT AVERAGE LIFE WINDOW DISTRIBUTION CLASS MOODY'S/S&P(1) AMOUNT (2) BALANCE SUPPORT (YRS) (3) (MOS) (3) DATE (3) RATE TYPE - ---------------------------------------------------------------------------------------------------------------------- A-1 Aaa / AAA $ 119,000,000 4.340% 30.000% 3.03 1 - 59 November 10, 2010 Fixed(4) - ---------------------------------------------------------------------------------------------------------------------- A-2 Aaa / AAA $ 206,500,000 7.531% 30.000% 4.89 59 - 60 December 10, 2010 Fixed(4) - ---------------------------------------------------------------------------------------------------------------------- A-3 Aaa / AAA $ 50,000,000 1.823% 30.000% 6.80 79 - 86 February 10, 2013 Fixed(4) - ---------------------------------------------------------------------------------------------------------------------- A-SB Aaa / AAA $ 189,003,000 6.893% 30.000% 7.46 60 - 112 April 10, 2015 Fixed(4) - ---------------------------------------------------------------------------------------------------------------------- A-4 Aaa / AAA $1,355,000,000 49.414% 30.000% 9.70 112 - 119 November 10, 2015 Fixed(4) - ---------------------------------------------------------------------------------------------------------------------- A-M Aaa / AAA $ 274,214,000 10.000% 20.000% 9.89 119 - 120 December 10, 2015 Fixed(4) - ---------------------------------------------------------------------------------------------------------------------- A-J Aaa / AAA $ 215,944,000 7.875% 12.125% 9.95 120 - 120 December 10, 2015 Fixed(4) - ---------------------------------------------------------------------------------------------------------------------- B Aa1 / AA+ $ 27,422,000 1.000% 11.125% 9.95 120 - 120 December 10, 2015 Fixed(4) - ---------------------------------------------------------------------------------------------------------------------- C Aa2 / AA $ 30,849,000 1.125% 10.000% 9.95 120 - 120 December 10, 2015 Fixed(4) - ---------------------------------------------------------------------------------------------------------------------- D Aa3 / AA- $ 20,566,000 0.750% 9.250% 9.95 120 - 120 December 10, 2015 Fixed(4) - ---------------------------------------------------------------------------------------------------------------------- E A1 / A+ $ 20,566,000 0.750% 8.500% 9.95 120 - 120 December 10, 2015 Fixed(4) - ---------------------------------------------------------------------------------------------------------------------- F A2 / A $ 34,277,000 1.250% 7.250% 9.95 120 - 120 December 10, 2015 Fixed(4) - ---------------------------------------------------------------------------------------------------------------------- NON-OFFERED CERTIFICATES(5) APPROX. EXPECTED CERTIFICATE % OF RATINGS BALANCE OR INITIAL APPROX. WEIGHTED PRINCIPAL ASSUMED FINAL -------------- NOTIONAL POOL CREDIT AVERAGE LIFE WINDOW DISTRIBUTION CLASS MOODY'S/S&P(1) AMOUNT (2) BALANCE SUPPORT (YRS) (3) (MOS) (3) DATE (3) RATE TYPE - ------------------------------------------------------------------------------------------------------------------------------ XW Aaa / AAA $2,742,147,258(6) N/A N/A N/A N/A N/A Variable Rate(6) - ------------------------------------------------------------------------------------------------------------------------------ G A3 / A- $ 23,994,000 0.875% 6.375% 9.95 120 - 120 December 10, 2015 Fixed(4) - ------------------------------------------------------------------------------------------------------------------------------ H Baa1 / BBB+ $ 27,421,000 1.000% 5.375% 9.95 120 - 120 December 10, 2015 Fixed(4) - ------------------------------------------------------------------------------------------------------------------------------ J Baa2 / BBB $ 30,849,000 1.125% 4.250% 9.95 120 - 120 December 10, 2015 Fixed(4) - ------------------------------------------------------------------------------------------------------------------------------ K Baa3 / BBB- $ 27,422,000 1.000% 3.250% 9.99 120 - 121 January 10, 2016 Fixed(4) - ------------------------------------------------------------------------------------------------------------------------------ L Ba1 / BB+ $ 13,711,000 0.500% 2.750% 10.03 121 - 121 January 10, 2016 Fixed(4) - ------------------------------------------------------------------------------------------------------------------------------ M Ba2 / BB $ 17,138,000 0.625% 2.125% 10.03 121 - 121 January 10, 2016 Fixed(4) - ------------------------------------------------------------------------------------------------------------------------------ N Ba3 / BB- $ 3,428,000 0.125% 2.000% 10.03 121 - 121 January 10, 2016 Fixed(4) - ------------------------------------------------------------------------------------------------------------------------------ O B1 / B+ $ 6,855,000 0.250% 1.750% 10.03 121 - 121 January 10, 2016 Fixed(4) - ------------------------------------------------------------------------------------------------------------------------------ P B2 / B $ 3,428,000 0.125% 1.625% 10.03 121 - 121 January 10, 2016 Fixed(4) - ------------------------------------------------------------------------------------------------------------------------------ Q B3 / B- $ 10,283,000 0.375% 1.250% 10.03 121 - 121 January 10, 2016 Fixed(4) - ------------------------------------------------------------------------------------------------------------------------------ S NR / NR $ 34,277,258 1.250% 0.000% 12.87 121 - 180 December 10, 2020 Fixed(4) - ------------------------------------------------------------------------------------------------------------------------------ (1) Ratings shown are those of Moody's Investors Service, Inc., and Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, 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 assumed no prepayments will be made on the mortgage loans prior to their related maturity dates (or, in the case of the mortgage loans with anticipated repayment dates, 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, Class P, Class Q and Class S Certificates will each accrue interest at 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 XW 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 XW 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 XW Certificates, as the case may be, as described in this prospectus supplement. The interest rates applicable to the Class XW Certificates for each distribution date will be as described in the prospectus supplement. See "Description of the Certificates--Pass- Through Rates" in the prospectus supplement. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 1 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURE SCHEMATIC* [GRAPHIC OMITTED] Class XW (1) Class A-1 Aaa/AAA $119.0MM 4.340% Class A-2 Aaa/AAA $206.5MM 7.531% Class A-3 Aaa/AAA $50.0MM 1.823% Class A-SB Aaa/AAA $189.0MM 6.893% Class A-4 Aaa/AAA $1,355.0MM 49.414% Class A-M Aaa/AAA $274.2MM 10.000% Class A-J Aaa/AAA $215.9MM 7.875% Class B Aa1/AA+ $27.4MM 1.000% Class C Aa2/AA $30.8MM 1.125% Class D Aa3/AA- $20.5MM 0.750% Class E A1/A+ $20.5MM 0.750% Class F A2/A $34.2MM 1.250% Class G (1) A3/A- $23.9MM 0.875% Class H (1) Baa1/BBB+ $27.4MM 1.000% Class J (1) Baa2/BBB $30.8MM 1.125% Class K (1) Baa3/BBB- $27.4MM 1.000% Class L (1) Ba1/BB+ $13.7MM 0.500% Class M (1) Ba2/BB $17.1MM 0.625% Class N (1) Ba3/BB- $3.4MM 0.125% Class O (1) B1/B+ $6.8MM 0.250% Class P (1) B2/B $3.4MM 0.125% Class Q (1) B3/B- $10.2MM 0.375% Class S (1) NR/NR $34.2MM 1.250% - ---------- * Classes are not drawn to scale. Percentages are approximate percentages of the Initial Pool Balance as of the Cut-off Date. Class principal amounts are truncated. (1) Offered privately pursuant to Rule 144A. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 2 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- TRANSACTION TERMS NOTE: CAPITALIZED TERMS USED BUT NOT OTHERWISE DEFINED HEREIN HAVE THE MEANINGS ASCRIBED TO THEM IN THE PROSPECTUS SUPPLEMENT DATED DECEMBER 2005. ISSUE TYPE REMIC. Class A-1, A-2, A-3, A-SB, A-4, A-M, A-J, B, C, D, E and F Certificates (collectively, the "Offered Certificates") are offered publicly. CUT-OFF DATE All Mortgage Loan characteristics are based on balances as of the Cut-off Date, which is the later of December 1, 2005 and the date of origination for such Mortgage Loan. All percentages presented herein are approximate. MORTGAGE POOL The Mortgage Pool consists of 163 Mortgage Loans (the "Mortgage Loans") with an aggregate balance as of the Cut-off Date of $2,742,147,258 (the "Initial Pool Balance"). The Mortgage Loans are secured by 919 properties (the "Mortgaged Properties") located throughout 41 states and Washington, D.C. DEPOSITOR Banc of America Commercial Mortgage Inc. MORTGAGE LOAN SELLERS Bank of America, N.A. ("Bank of America"), Barclays Capital Real Estate Inc. and Bear Stearns Commercial Mortgage, Inc. ("Bear Stearns"). UNDERWRITERS Banc of America Securities LLC, Barclays Capital Inc. and Bear, Stearns & Co. Inc. are acting as co-lead managers. Banc of America Securities LLC and Bear, Stearns & Co. Inc. are acting as joint bookrunners with respect to the Class A-1, A-SB, B, C and D Certificates. Banc of America Securities LLC is acting as sole bookrunner with respect to all other Classes of Offered Certificates. Barclays Capital Inc., Deutsche Bank Securities Inc. and Morgan Stanley & Co. Incorporated are acting as co-managers. TRUSTEE LaSalle Bank National Association MASTER SERVICER Bank of America, N.A. SPECIAL SERVICER LNR Partners, Inc. RATING AGENCIES Moody's Investors Service, Inc. ("Moody's") and Standard and Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc. ( "S&P"). DENOMINATIONS $10,000 minimum for the Class A-1, A-2, A-3, A-SB, A-4, A-M and A-J Certificates, $1,000,000 minimum (notional) for the Class XW Certificates and $100,000 minimum for the Class B, C, D, E and F Certificates. SETTLEMENT DATE On or about December __, 2005. SETTLEMENT TERMS Book-entry through DTC for all Offered Certificates. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 3 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- TRANSACTION TERMS DISTRIBUTION DATE The 10th day of each month, or if such 10th day is not a Business Day, the next succeeding Business Day. The first Distribution Date with respect to the Offered Certificates will occur in January 2006. DETERMINATION DATE For any Distribution Date, the earlier of (i) the sixth day of the month in which the related Distribution Date occurs, or if such sixth day is not a Business Day, then the immediately preceding Business Day, and (ii) the fourth Business Day prior to the related Distribution Date. INTEREST DISTRIBUTIONS Each Class of Offered Certificates will be entitled on each Distribution Date to interest accrued at its Pass-Through Rate for such Distribution Date on the outstanding Certificate Balance of such Class during the prior calendar month. Interest will be distributed on each Distribution Date in sequential order of class designations with the Class A-1, A-2, A-3, A-SB, A-4 and XW Certificates ranking pari passu in entitlement to interest. PRINCIPAL DISTRIBUTIONS Principal will be distributed on each Distribution Date to the Class of Sequential Pay Certificates outstanding with the earliest sequential Class designation until its Certificate Balance is reduced to zero (except that the Class A-SB Certificates are entitled to certain priority on each Distribution Date with respect to being paid down to their planned principal balance as described in the prospectus supplement). If, due to losses, the Certificate Balances of the Class A-M through Class S Certificates are reduced to zero but any two or more classes of classes of Class A-1, A-2, A-3, A-SB and A-4 Certificates remain outstanding, payments of principal to the outstanding Class A-1, A-2, A-3, A-SB and A-4 Certificates will be made on a pro rata basis. LOSSES To be applied first to the Class S Certificates, then to the next most subordinate Class of Sequential Pay Certificates until the Certificate Balance of each such succeeding Class of Sequential Pay Certificates is reduced to zero, and following the reduction of the Certificate Balance of the Class A-M Certificates to zero, pro rata to the Class A-1, A-2, A-3, A-SB and A-4 Certificates. However, with respect to the 277 Park Avenue Whole Loan (as to which only the related Note A-1 is in the trust fund), only the pro rata portion of losses allocable to the related Note A-1 will be applied to the Classes of Sequential Pay Certificates as described above. Similarly, with respect to the KinderCare Portfolio Whole Loan (as to which only the related Note A-1 is included in the trust fund), losses will be applied first to the subordinate components of Note A-1 and then, following the reduction of the subordinate components of Note A-1 to zero, pro rata among the senior component of Note A-1, the related Note A-2 and the related Note A-3. As a result of such application, losses on such loan will be borne first by the Class KP Certificates (which collectively correspond to the subordinate components of the KinderCare Portfolio Note A-1) and then following the reduction of the Certificate Balances of each class of Class KP Certificates, the pro rata portion of the losses allocable to the related Note A-1 will be applied to the Classes of Sequential Pay Certificates as described above. PREPAYMENT PREMIUMS The manner in which any prepayment premiums received during a particular Collection Period will be allocated to one or more of the Classes of Offered Certificates is described in the "Description of the Certificates--Distributions--Distributions of Prepayment Premiums" in the prospectus supplement. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 4 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- ADVANCES Subject to certain limitations, including, but not limited to, a recoverability determination, the Master Servicer will be required to advance certain principal, interest and other expenses. In the event that the Master Servicer fails to make such advances, the Trustee may be required to do so. APPRAISAL REDUCTIONS Promptly following the occurrence of (1) any Mortgage Loan or any Serviced Whole Loan becoming a Modified Mortgage Loan; (2) any Monthly Payment with respect to any Mortgage Loan or any Serviced Whole Loan remaining unpaid for 60 days past the Due Date for such payment; (3) the passage of 60 days after the Special Servicer receives notice that the mortgagor under such Mortgage Loan or Serviced Whole Loan becomes the subject of bankruptcy, insolvency or similar proceedings, which remain undischarged and undismissed; (4) the passage of 60 days after the Special Servicer receives notice that a receiver or similar official is appointed with respect to the related Mortgaged Property; (5) the related Mortgaged Property becoming an REO Property; or (6) the passage of 60 days after the third extension of a Mortgage Loan or a Serviced Whole Loan, the Special Servicer will obtain an appraisal on the related Mortgaged Property. Advances of delinquent interest on the most subordinate class or classes will be reduced to the extent of the interest on the Appraisal Reduction Amount. The Appraisal Reduction Amount will generally be equal to the difference between (a) the scheduled balance of the Mortgage Loan or Serviced Whole Loan plus any unpaid advances outstanding and other amounts payable with respect thereto and (b) an amount equal to 90% of the appraised value of the Mortgaged Property. OPTIONAL TERMINATION The Master Servicer, the Special Servicer and certain Certificateholders will have the option to terminate the Trust, in whole but not in part, and purchase the remaining assets of the Trust on or after the Distribution Date on which the Stated Principal Balance of the Mortgage Loans then outstanding is less than 1% of the Initial Pool Balance. Such purchase price will generally be at a price equal to the unpaid aggregate principal balance of the Mortgage Loans (or fair market value in the case of REO Properties), plus accrued and unpaid interest and certain other additional trust fund expenses. CONTROLLING CLASS The most subordinate Class of Sequential Pay Certificates with an outstanding Certificate Balance at least equal to 25% of its initial Certificate Balance or, if no such Class satisfies such criteria, the Class of Sequential Pay Certificates with the then largest outstanding Class Balance. ERISA The Offered Certificates are expected to be ERISA eligible. SMMEA The Offered Certificates are not expected to be "mortgage-related securities" for the purposes of SMMEA. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 5 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- CONTACT INFORMATION BANC OF AMERICA SECURITIES LLC BEAR, STEARNS & CO. INC. Bill Hale Craig Sedmak (704) 388-1597 (Phone) (212) 272-4953 (Phone) (704) 388-9677 (Fax) (917) 849-0223 (Fax) bill.e.hale@bankofamerica.com csedmak@bear.com Geordie Walker Tim Koltermann (704) 388-1597 (Phone) (212) 272-4953 (Phone) (704) 388-9677 (Fax) (917) 849-0223 (Fax) geordie.r.walker@bankofamerica.com tkoltermann@bear.com Chuck Mather Jignesh Patel (704) 388-1597 (Phone) (212) 272-6184 (Phone) (704) 388-9677 (Fax) (917) 849-0223 (Fax) charles.mather@bankofamerica.com jignesh.patel@bear.com Chris Springer (704) 388-1597 (Phone) (704) 388-9677 (Fax) chris.springer@bankofamerica.com BARCLAYS CAPITAL INC. Haejin Baek (212) 412-1863 (Phone) (212) 412-7489 (Fax) haejin.baek@barcap.com Brian Dixon (212) 412-2663 (Phone) (212) 412-7305 (Fax) brian.dixon@barcap.com Craig Leonard (212) 412-2663 (Phone) (212) 412-7305 (Fax) craig.leonard@barcap.com Sang Yu (212) 412-3685 (Phone) (212) 412-1678 (Fax) sang.yu@barcap.com DEUTSCHE BANK SECURITIES, INC. MORGAN STANLEY & CO. INCORPORATED Scott Waynebern Kara McShane (212) 250-5149 (Phone) (212) 761-2164 (Phone) (212) 797-5630 (Fax) (212) 507-5062 (Fax) scott.waynebern@db.com kara.mcshane@morganstanley.com Heath Forusz Jon Miller (212) 250-5149 (Phone) (212) 761-1317 (Phone) (212) 797-5630 (Fax) (212) 507-6994 (Fax) heath.forusz@db.com jon.miller@morganstanley.com The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 6 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE* GENERAL CHARACTERISTICS MORTGAGE POOL - ----------------------- -------------- Number of Mortgage Loans...................................... 163 Number of Mortgaged Properties................................ 919 Aggregate Balance of all Mortgage Loans(1).................... $2,742,147,258 Number of Balloon Payment Mortgage Loans(2)................... 144 Aggregate Balance of Balloon Payment Mortgage Loans(2)........ $2,057,410,023 Number of Anticipated Repayment Date Mortgage Loans(3)........ 3 Aggregate Balance of Anticipated Repayment Date Mortgage Loans(3).......................................... $ 287,540,936 Number of Interest Only Mortgage Loans(3)..................... 16 Aggregate Balance of Interest Only Mortgage Loans(3).......... $ 653,126,127 Number of Fully Amortizing Mortgage Loans..................... 1 Aggregate Balance of Fully Amortizing Mortgage Loans.......... $ 4,070,173 Maximum Balance............................................... $ 260,000,000 Minimum Balance............................................... $ 1,015,277 Average Balance............................................... $ 16,822,989 Number of Cross-Collateralized and Cross-Defaulted Loan Pools................................................. 4 Maximum Balance for a Group of Cross-Collateralized and Cross-Defaulted Mortgage Loans......................... $ 27,695,532 Weighted Average Cut-off Date LTV Ratio....................... 63.3% Maximum Cut-off Date LTV Ratio................................ 80.0% Minimum Cut-off Date LTV Ratio................................ 39.7% Weighted Average DSCR......................................... 1.73x Maximum DSCR.................................................. 3.27x Minimum DSCR.................................................. 1.12x Weighted Average LTV at Maturity or Anticipated Repayment Date(4).......................................... 56.6% Range of Mortgage Loan Interest Rates......................... 4.647%-6.440% Weighted Average Mortgage Loan Interest Rate.................. 5.227% Range of Remaining Term to Maturity or Anticipated Repayment Date (months).................................... 54-180 Weighted Average Remaining Term to Maturity or Anticipated Repayment Date (months)........................ 113 - ---------- (1) Subject to a permitted variance of plus or minus 5%. (2) Excludes Mortgage Loans (including anticipated repayment date mortgage loans) that are Interest Only until maturity or until the anticipated repayment date. (3) With respect to one Mortgage Loan, Loan No. 59147, which is both an ARD Loan and Interest Only which results in such Mortgage Loan appearing in each category. (4) Excludes Mortgage Loans that are Fully Amortizing. * One Mortgage Loan, Loan No. 59147 (such Loan Number is set forth in Annex A to the prospectus supplement), representing 9.5% of the Initial Pool Balance, is part of a split loan structure evidenced by two pari passu promissory notes referred to as Note A-1 and Note A-2. The cut-off date balance of this Mortgage Loan has been calculated based upon the Note A-1 (which is the only note included in the trust fund). Each cut-off date balance per unit, loan-to-value ratio and debt service coverage ratio calculated in this Structural and Collateral Information with respect to this Mortgage Loan, except as may be otherwise noted herein, was calculated based upon both pari passu notes. For purposes of weighting such debt service coverage ratios and loan-to-value ratios, such weighting is based solely upon the outstanding principal balance of the Note A-1 included in the trust fund. One Mortgage Loan, Loan No. 59414 (such Loan Number is set forth in Annex A to the prospectus supplement), representing 5.5% of the Initial Pool Balance, is part of a split loan structure evidenced by three pari passu promissory notes referred to as Note A-1, Note A-2 and Note A-3. The cut-off date balance of this Mortgage Loan has been calculated based upon the senior component of Note A-1 (which is the only note included in the trust fund). Each cut-off date balance per unit, loan-to-value ratio and debt service coverage ratio calculated in this Structural and Collateral Information with respect to this Mortgage Loan, except as may be otherwise noted herein, was calculated based upon the three pari passu notes (excluding the subordinate component of Note A-1). Such ratios would be lower (in the case of debt service coverage) and higher (in the case of loan-to-value ratios) if the subordinate component of Note A-1 were included. For purposes of weighting such debt service coverage ratios and loan-to-value ratios, such weighting is based solely upon the outstanding principal balance of the senior component of Note A-1 included in the trust fund. See the "Glossary of Principal Definitions" in the prospectus supplement for definitions and information relating to the calculation of loan-to-value and debt service coverage ratios. The sum of aggregate percentage calculations may not equal 100% due to rounding. Debt service coverage ratio was calculated based on the net cash flow unless otherwise noted in this free writing prospectus. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 7 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE* [GRAPHIC OMITTED] Self Storage 3.4% Manufactured Housing 1.7% Industrial 1.5% Mixed Use 0.4% Office 38.6% Multifamily 21.9% Retail 15.6% Hotel 11.4% Other 5.5% PROPERTY TYPE WEIGHTED % OF WEIGHTED AVERAGE WEIGHTED NUMBER OF AGGREGATE INITIAL AVERAGE MIN/MAX CUT-OFF MIN/MAX AVERAGE MORTGAGED CUT-OFF DATE POOL UNDERWRITTEN UNDERWRITTEN DATE CUT-OFF DATE MORTGAGE PROPERTY TYPE PROPERTIES BALANCE BALANCE DSCR DSCR LTV RATIO LTV RATIO RATE - --------------------------------------------------------------------------------------------------------------------------------- Office 44 $1,057,956,875 38.6% 1.72x 1.20x / 2.64x 63.2% 41.7x / 80.0% 5.178% - --------------------------------------------------------------------------------------------------------------------------------- Multifamily 41 599,694,653 21.9 1.49x 1.12x / 2.04x 65.8% 39.7x / 79.9% 5.160% - --------------------------------------------------------------------------------------------------------------------------------- Retail 41 427,944,722 15.6 1.58x 1.16x / 2.46x 65.0% 40.0x / 80.0% 5.200% - --------------------------------------------------------------------------------------------------------------------------------- Anchored 23 362,164,980 13.2 1.60x 1.16x / 2.46x 65.1% 40.0x / 80.0% 5.166% - --------------------------------------------------------------------------------------------------------------------------------- Unanchored 14 50,467,757 1.8 1.51x 1.20x / 2.07x 65.5% 47.5x / 79.9% 5.385% - --------------------------------------------------------------------------------------------------------------------------------- Shadow Anchored 4 15,311,986 0.6 1.39x 1.26x / 1.58x 59.3% 45.8x / 80.0% 5.396% - --------------------------------------------------------------------------------------------------------------------------------- Hotel 49 312,031,131 11.4 1.92x 1.41x / 2.16x 61.7% 59.1x / 74.1% 5.543% - --------------------------------------------------------------------------------------------------------------------------------- Other 713 150,000,000 5.5 3.27x 3.27x / 3.27x 40.9% 40.9x / 40.9% 5.123% - --------------------------------------------------------------------------------------------------------------------------------- Self Storage 19 93,865,850 3.4 1.43x 1.20x / 2.43x 70.1% 45.8x / 79.9% 5.377% - --------------------------------------------------------------------------------------------------------------------------------- Manufactured Housing 2 46,250,000 1.7 1.26x 1.25x / 1.27x 78.4% 77.8x / 78.5% 5.167% - --------------------------------------------------------------------------------------------------------------------------------- Industrial 7 42,407,182 1.5 1.30x 1.21x / 1.44x 72.0% 64.5x / 79.6% 5.428% - --------------------------------------------------------------------------------------------------------------------------------- Mixed Use 3 11,996,845 0.4 1.27x 1.26x / 1.32x 61.9% 61.0x / 68.0% 5.351% - --------------------------------------------------------------------------------------------------------------------------------- TOTAL/WTD AVG 919 $2,742,147,258 100.0% 1.73X 1.12X / 3.27X 63.3% 39.7X / 80.0% 5.227% - --------------------------------------------------------------------------------------------------------------------------------- * See footnote (*) under the "GENERAL CHARACTERISTICS" table on page 7 to this free writing prospectus also applies to this page. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 8 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE* - -------------------------------------------------------------------------------- [MAP OMITTED] NEW YORK KANSAS 17 properties 9 properties $441,870,496 $20,739,135 16.1% of total 0.8% of total VERMONT TEXAS 2 properties 91 properties $15,836,220 $312,424,982 0.6% of total 11.4% of total NEW HAMPSHIRE OKLAHOMA 3 properties 11 properties $1,005,732 $3,422,719 0.0% of total 0.1% of total MAINE NEW MEXICO 1 property 5 properties $4,977,204 $9,313,775 0.2% of total 0.3% of total MASSACHUSETTS COLORADO 28 properties 22 properties $59,149,625 $36,871,977 2.2% of total 1.3% of total CONNECTICUT ARIZONA 12 properties 24 properties $13,082,492 $107,287,544 0.5% of total 3.9% of total RHODE ISLAND UTAH 1 property 10 properties $4,000,000 $51,128,960 0.1% of total 1.9% of total NEW JERSEY CALIFORNIA 26 properties 916 properties $126,932,424 $555,850,115 4.6% of total 20.3% of total DISTRICT OF COLUMBIA NEVADA 1 property 15 properties $67,000,000 $107,531,152 2.4% of total 3.9 of total DELAWARE OREGON 7 properties 15 properties $8,920,829 $93,614,569 0.3% of total 3.4% of total MARYLAND WASHINGTON 18 properties 42 properties $6,663,660 $61,973,772 0.2% of total 2.3% of total VIRGINIA NEBRASKA 55 properties 2 properties $22,283,343 $346,665 0.8% of total 0.0% of total NORTH CAROLINA MISSOURI 23 properties 13 properties $38,312,152 $2,226,675 1.4% of total 0.1% of total SOUTH CAROLINA IOWA 4 properties 5 properties $26,824,850 $5,983,075 1.0% of total 0.2% of total GEORGIA MINNESOTA 17 properties 27 properties $47,601,387 $48,937,490 1.7% of total 1.8% of total FLORIDA WISCONSIN 64 properties 24 properties $104,145,221 $4,558,858 3.8% of total 0.2% of total TENNESSEE ILLINOIS 26 properties 70 properties $99,800,257 $23,708,619 3.6% of total 0.9% of total KENTUCKY MICHIGAN 4 properties 20 properties $3,370,544 $58,578,516 0.1% of total 2.1% of total ALABAMA OHIO 10 properties 41 properties $25,734,260 $24,411,570 0.9% of total 0.9% of total MISSISSIPPI PENNSYLVANIA 2 properties 40 properties $152,337 $69,977,274 0.0% of total 2.6% of total LOUISIANA INDIANA 7 properties 14 properties $13,194,523 $12,132,260 0.5% of total 0.4% of total - ------------------------------------------------- [ ] (less than)1.0% of Initial Pool Balance [ ] 1.0% - 5.0% of Initial Pool Balance [ ] 5.1% - 10.0% of Initial Pool Balance [ ] (greater than)10.0% of Initial Pool Balance - ------------------------------------------------- GEOGRAPHIC DISTRIBUTION % OF WEIGHTED WEIGHTED WEIGHTED NUMBER OF AGGREGATE INITIAL AVERAGE AVERAGE AVERAGE MORTGAGED CUT-OFF DATE POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE PROPERTY LOCATION PROPERTIES BALANCE BALANCE DSCR LTV RATIO RATE - -------------------------------------------------------------------------------------------------- California+ 91 $ 555,850,115 20.3% 1.77x 62.7% 5.219% - -------------------------------------------------------------------------------------------------- Southern 57 494,838,200 18.0 1.79x 63.4% 5.196% - -------------------------------------------------------------------------------------------------- Northern 34 61,011,915 2.2 1.58x 56.8% 5.407% - -------------------------------------------------------------------------------------------------- New York 17 441,870,496 16.1 2.14x 52.2% 4.915% - -------------------------------------------------------------------------------------------------- Texas 91 312,424,982 11.4 1.51x 72.8% 5.190% - -------------------------------------------------------------------------------------------------- New Jersey 26 126,932,424 4.6 1.83x 59.5% 4.917% - -------------------------------------------------------------------------------------------------- Nevada 15 107,531,152 3.9 1.28x 69.6% 5.317% - -------------------------------------------------------------------------------------------------- Arizona 24 107,287,544 3.9 1.81x 63.7% 5.255% - -------------------------------------------------------------------------------------------------- Florida 64 104,145,221 3.8 1.57x 61.0% 5.315% - -------------------------------------------------------------------------------------------------- Tennessee 26 99,800,257 3.6 1.44x 67.6% 5.372% - -------------------------------------------------------------------------------------------------- Oregon 15 93,614,569 3.4 1.59x 66.8% 5.566% - -------------------------------------------------------------------------------------------------- Pennsylvania 40 69,977,274 2.6 1.51x 74.0% 5.274% - -------------------------------------------------------------------------------------------------- Others 510 722,713,224 26.4 1.68x 64.2% 5.395% - -------------------------------------------------------------------------------------------------- TOTAL/WTD AVG 919 $2,742,147,258 100.0% 1.73X 63.3% 5.227% - -------------------------------------------------------------------------------------------------- o THE MORTGAGED PROPERTIES ARE LOCATED THROUGHOUT 41 STATES AND WASHINGTON, D.C. * See footnote (*) under the "GENERAL CHARACTERISTICS" table on page 7 to this free writing prospectus also applies to this page. + Northern California properties have a zip code greater than or equal to 93600. Southern California properties have a zip code less than 93600. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 9 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE* - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS CUT-OFF DATE BALANCE ($) - ----------------------------------------------------------------- NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE ($) POOL - ----------------------------------------------------------------- $1,015,277 - $1,999,999 7 10,023,314 0.4 $2,000,000 - $2,999,999 16 40,295,515 1.5 $3,000,000 - $3,999,999 20 70,666,673 2.6 $4,000,000 - $4,999,999 21 92,939,599 3.4 $5,000,000 - $7,499,999 27 159,639,032 5.8 $7,500,000 - $9,999,999 13 114,470,342 4.2 $10,000,000 - $14,999,999 18 222,594,921 8.1 $15,000,000 - $19,999,999 12 209,229,096 7.6 $20,000,000 - $29,999,999 9 213,516,767 7.8 $30,000,000 - $49,999,999 9 368,511,900 13.4 $50,000,000 - $99,999,999 4 255,501,405 9.3 $100,000,000 - $260,000,000 7 984,758,693 35.9 - ----------------------------------------------------------------- TOTAL: 163 2,742,147,258 100.0 - ----------------------------------------------------------------- Min: $1,015,277 Max: $260,000,000 Average: $16,822,989 - ----------------------------------------------------------------- LOCATION - ------------------------------------------------------------------- NO. OF AGGREGATE MORTGAGED CUT-OFF DATE % OF PROPERTIES BALANCE ($) POOL - ------------------------------------------------------------------- California 91 555,850,115 20.3 New York 17 441,870,496 16.1 Texas 91 312,424,982 11.4 New Jersey 26 126,932,424 4.6 Nevada 15 107,531,152 3.9 Arizona 24 107,287,544 3.9 Florida 64 104,145,221 3.8 Tennessee 26 99,800,257 3.6 Oregon 15 93,614,569 3.4 Pennsylvania 40 69,977,274 2.6 Others 510 722,713,224 26.4 - ------------------------------------------------------------------- TOTAL: 919 2,742,147,258 100.0 - ------------------------------------------------------------------- PROPERTY TYPE - ------------------------------------------------------------------- NO. OF AGGREGATE MORTGAGED CUT-OFF DATE % OF PROPERTIES BALANCE ($) POOL - ------------------------------------------------------------------- Office 44 1,057,956,875 38.6 Multifamily 41 599,694,653 21.9 Retail 41 427,944,722 15.6 Anchored 23 362,164,980 13.2 Unanchored 14 50,467,757 1.8 Shadow Anchored 4 15,311,986 0.6 Hotel 49 312,031,131 11.4 Other 713 150,000,000 5.5 Self Storage 19 93,865,850 3.4 Manufactured Housing 2 46,250,000 1.7 Industrial 7 42,407,182 1.5 Mixed Use 3 11,996,845 0.4 - ------------------------------------------------------------------- TOTAL: 919 2,742,147,258 100.0 - ------------------------------------------------------------------- MORTGAGE RATE (%) - ----------------------------------------------------------------- NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE ($) POOL - ----------------------------------------------------------------- 4.647% - 4.749% 2 268,415,000 9.8 4.750% - 4.999% 9 393,912,817 14.4 5.000% - 5.249% 48 834,350,797 30.4 5.250% - 5.499% 53 678,767,020 24.8 5.500% - 5.749% 41 456,476,516 16.6 5.750% - 5.999% 8 84,100,065 3.1 6.000% - 6.249% 1 1,015,277 0.0 6.250% - 6.440% 1 25,109,767 0.9 - ----------------------------------------------------------------- TOTAL: 163 2,742,147,258 100.0 - ----------------------------------------------------------------- Min: 4.647% Max: 6.440% Wtd Avg: 5.227% - ----------------------------------------------------------------- ORIGINAL TERM TO STATED MATURITY OR ARD (MOS) - ----------------------------------------------------------------- NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE ($) POOL - ----------------------------------------------------------------- 60 - 83 7 219,364,155 8.0 84 - 99 4 29,445,094 1.1 100 - 120 146 2,358,387,836 86.0 121 - 179 4 125,580,000 4.6 180 2 9,370,173 0.3 - ----------------------------------------------------------------- TOTAL: 163 2,742,147,258 100.0 - ----------------------------------------------------------------- Min: 60 Max: 180 Wtd Avg: 115 - ----------------------------------------------------------------- REMAINING TERM TO STATED MATURITY OR ARD (MOS) - ----------------------------------------------------------------- NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE ($) POOL - ----------------------------------------------------------------- 54 - 59 6 162,364,155 5.9 60 - 79 1 57,000,000 2.1 80 - 99 9 82,250,393 3.0 100 - 109 1 3,496,220 0.1 110 - 119 117 1,717,268,300 62.6 120 - 139 26 688,318,018 25.1 140 - 180 3 31,450,173 1.1 - ----------------------------------------------------------------- TOTAL: 163 2,742,147,258 100.0 - ----------------------------------------------------------------- Min: 54 Max: 180 Wtd Avg: 113 - ----------------------------------------------------------------- PREPAYMENT PROVISION SUMMARY - ----------------------------------------------------------------- NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE ($) POOL - ----------------------------------------------------------------- Lockout/Defeasance/Open 138 2,321,029,701 84.6 Lockout/Yield Maintenance/Open 22 278,502,181 10.2 Yield Maintenance/ Defeasance/Open 1 125,815,376 4.6 Lockout/Yield Maintenance /Yield Maintenance or Defeasance/Open 1 14,300,000 0.5 Lockout/Defeasance/ Yield Maintenance or Defeasance/ Open 1 2,500,000 0.1 - ----------------------------------------------------------------- TOTAL: 163 2,742,147,258 100.0 - ----------------------------------------------------------------- CUT-OFF DATE LOAN-TO-VALUE RATIO (%) - ----------------------------------------------------------------- NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE ($) POOL - ----------------------------------------------------------------- 39.7% - 49.9% 13 539,904,642 19.7 50.0% - 59.9% 18 498,068,473 18.2 60.0% - 64.9% 20 307,727,986 11.2 65.0% - 69.9% 36 539,968,334 19.7 70.0% - 74.9% 19 150,036,591 5.5 75.0% - 79.9% 52 626,001,231 22.8 80.0% 5 80,440,000 2.9 - ----------------------------------------------------------------- TOTAL: 163 2,742,147,258 100.0 - ----------------------------------------------------------------- Min: 39.7% Max: 80.0% Wtd Avg: 63.3% - ----------------------------------------------------------------- LOAN-TO-VALUE RATIO AT MATURITY OR ARD (%) - ----------------------------------------------------------------- NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE ($) POOL - ----------------------------------------------------------------- Fully Amortizing 1 4,070,173 0.1 27.5% - 49.9% 26 860,362,874 31.4 50.0% - 59.9% 44 594,738,904 21.7 60.0% - 64.9% 38 493,697,339 18.0 65.0% - 69.9% 40 441,800,922 16.1 70.0% - 74.9% 10 303,118,420 11.1 75.0% - 78.8% 4 44,358,627 1.6 - ----------------------------------------------------------------- TOTAL: 163 2,742,147,258 100.0 - ----------------------------------------------------------------- Min: 27.5% Max: 78.8% Wtd Avg: 56.6%(1) - ----------------------------------------------------------------- (1) Excludes Mortgage Loans that are Fully Amortizing. DEBT SERVICE COVERAGE RATIOS (X) - ----------------------------------------------------------------- NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE ($) POOL - ----------------------------------------------------------------- 1.12x - 1.19x 8 141,716,727 5.2 1.20x - 1.24x 46 532,033,058 19.4 1.25x - 1.29x 29 270,860,115 9.9 1.30x - 1.34x 16 133,746,747 4.9 1.35x - 1.39x 5 58,715,054 2.1 1.40x - 1.49x 20 125,268,154 4.6 1.50x - 1.59x 11 292,773,841 10.7 1.60x - 1.69x 6 57,841,530 2.1 1.70x - 1.79x 5 95,540,000 3.5 1.80x - 1.89x 6 209,335,282 7.6 1.90x - 1.99x 2 132,415,376 4.8 2.00x - 2.99x 8 541,901,376 19.8 3.00x - 3.27x 1 150,000,000 5.5 - ----------------------------------------------------------------- TOTAL: 163 2,742,147,258 100.0 - ----------------------------------------------------------------- Min: 1.12x Max: 3.27x Wtd Avg: 1.73x - ----------------------------------------------------------------- * See footnote (*) under the "GENERAL CHARACTERISTICS" table on page 7 to this free writing prospectus also applies to this page. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 10 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE* - -------------------------------------------------------------------------------- PREPAYMENT PROVISIONS BASED ON OUTSTANDING PRINCIPAL BALANCE PREPAYMENT PROVISIONS(1) DEC-05 DEC-06 DEC-07 DEC-08 DEC-09 DEC-10 - ----------------------------------------------------------------------------------------------------------------- Lockout/Defeasance(2) 95.41% 94.47% 87.95% 91.17% 89.34% 88.72% Yield Maintenance(3) 4.59 5.53 12.05 8.83 10.66 11.28 Open 0.00 0.00 0.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------- Total 100.00 100.00 100.00 100.00 100.00 100.00 - ----------------------------------------------------------------------------------------------------------------- Total Beginning Balance (in millions) $2,742.15 $2,727.18 $2,710.37 $2,689.89 $2,664.99 $2,416.42 Percent of Aggregate Cut-off Date Balance 100.00% 99.45% 98.84% 98.09% 97.19% 88.12% - ----------------------------------------------------------------------------------------------------------------- PREPAYMENT PROVISIONS(1) DEC-11 DEC-12 DEC-13 DEC-14 DEC-15 DEC-16 - ------------------------------------------------------------------------------------------------------------- Lockout/Defeasance(2) 88.74% 88.63% 88.54% 84.94% 25.31% 100.00% Yield Maintenance(3) 11.26 11.20 11.29 10.34 0.00 0.00 Open 0.00 0.17 0.17 4.71 74.69 0.00 - ------------------------------------------------------------------------------------------------------------- Total 100.00 100.00 100.00 100.00 100.00 100.00 - ------------------------------------------------------------------------------------------------------------- Total Beginning Balance (in millions) $2,381.70 $2,317.97 $2,257.42 $2,191.04 $102.37 $ 25.08 Percent of Aggregate Cut-off Date Balance 86.86% 84.53% 82.32% 79.90% 3.73% 0.91% - ------------------------------------------------------------------------------------------------------------- (1) Prepayment provisions in effect as a percentage of outstanding loan balances as of the indicated date assuming no prepayments on the Mortgage Loans (except that an ARD Loan will be repaid on its Anticipated Repayment Date). (2) As of the Cut-off Date 138 Mortgage Loans representing 84.6% of the Initial Pool Balance are subject to an initial lockout period after which defeasance is permitted. (3) As of the Cut-off Date, (a) one Mortgage Loan, representing 4.6% of the Initial Pool Balance is not subject to an initial lockout period but permits prepayment subject to the greater of a yield maintenance charge or a 1% prepayment premium for an initial period of time after which defeasance is permitted (for modeling purposes and in this table, it was assumed that such Mortgage Loan was instead prepayable with yield maintenance during the permitted defeasance period); (b) one Mortgage Loan, representing 0.5% of the Initial Pool Balance, is subject to an initial lockout period after which prepayment subject to the greater of a yield maintenance charge or a 1% prepayment premium is permitted for a period of time after which the choice of defeasance or yield maintenance is permitted; (c) one Mortgage Loan, representing 0.1% of the Initial Pool Balance is subject to an initial lockout period after which defeasance is permitted for a period of time after which the choice of yield maintenance or defeasance is permitted; and (d) 22 Mortgage Loans, representing 10.2% of the Initial Pool Balance, are subject to an initial lockout period after which prepayment subject to the greater of a yield maintenance charge or a 1% prepayment premium is permitted. For modeling purposes and in this table, any Mortgage Loan that permits either prepayment with yield maintenance or defeasance during any period was assumed to be only prepayable with yield maintenance during such period. * See footnote (*) under the "GENERAL CHARACTERISTICS" table on page 7 to this free writing prospectus also applies to this page. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 11 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- TEN LARGEST MORTGAGE LOANS* - -------------------------------------------------------------------------------- The following table and summaries describe the ten largest Mortgage Loans in the Mortgage Pool by Cut-off Date Balance: TEN LARGEST MORTGAGE LOANS BY CUT-OFF DATE BALANCE % OF INITIAL CUT-OFF CUT-OFF DATE POOL PROPERTY DATE LTV LTV RATIO AT UNDERWRITTEN MORTGAGE LOAN NAME BALANCE BALANCE TYPE RATIO MATURITY OR ARD DSCR RATE - ------------------------------ -------------- ------- ----------- -------- --------------- ------------ -------- 277 Park Avenue .............. $ 260,000,000 9.5% Office 41.7% 41.7% 2.64x 4.647%(1)(2) KinderCare Portfolio ......... 150,000,000 5.5 Other 40.9% 35.2% 3.27x 5.123%(1)(2) InTown Suites Portfolio ...... 125,815,376 4.6 Hotel 59.1% 44.9% 1.97x 5.336%(1) Summit at Warner Center ...... 120,000,000 4.4 Multifamily 57.1% 57.1% 2.04x 4.900% Burnett Plaza ................ 114,200,000 4.2 Office 79.9% 70.8% 1.52x 5.016%(1) Paramus Park Mall ............ 109,743,317 4.0 Retail 58.7% 48.3% 1.82x 4.864% Omni Hotel - San Diego ....... 105,000,000 3.8 Hotel 61.0% 55.9% 2.16x 5.651%(1) ODS Tower .................... 78,500,000 2.9 Office 67.1% 67.1% 1.59x 5.626%(1) 2001 K Street ................ 67,000,000 2.4 Office 46.2% 38.5% 1.78x 5.380% River Ranch Apartments ....... 57,000,000 2.1 Multifamily 64.8% 64.8% 1.84x 4.970% -------------- ---- TOTAL/WTD AVG ................ $1,187,258,693 43.3% 55.0% 50.0% 2.21X 5.072%(1) ============== ==== * See footnote (*) under the "GENERAL CHARACTERISTICS" table on page 7 to this free writing prospectus also applies to this table. (1) Interest rate rounded to three decimal places. (2) Interest rate subject to change prior to pricing. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 12 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION 277 PARK AVENUE - -------------------------------------------------------------------------------- [PHOTOS OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 13 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION 277 PARK AVENUE - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS 277 PARK AVENUE - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL NOTE A-1 PRINCIPAL BALANCE: $260,000,000 FIRST PAYMENT DATE: November 1, 2005 TERM/AMORTIZATION: 120/0 months INTEREST ONLY PERIOD: 120 months ANTICIPATED REPAYMENT DATE: October 1, 2015(1) EXPECTED NOTE A-1 MATURITY BALANCE: $260,000,000 BORROWING ENTITY: 277 Park Avenue, LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 119 payments Open: 1 payment PARI PASSU DEBT: $240,000,000 (Note A-2) EXISTING MEZZANINE DEBT: $100,000,000 senior mezzanine loan and $100,000,000 junior mezzanine loan. LOCKBOX: Hard - -------------------------------------------------------------------------------- (1) The final maturity date is October 1, 2035. - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- WHOLE LOAN CUT-OFF DATE BALANCE: $500,000,000 NOTE A-1 CUT-OFF DATE BALANCE: $260,000,000 NOTE A-2 CUT-OFF DATE BALANCE: $240,000,000 SHADOW RATING (MOODY'S/S&P): A2/AAA CUT-OFF DATE LTV: 41.7% MATURITY DATE LTV: 41.7% UNDERWRITTEN DSCR: 2.64x MORTGAGE RATE(1): 4.647% - -------------------------------------------------------------------------------- (1) Interest rate rounded to three decimal places and is subject to change (prior to pricing). - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Office PROPERTY SUB TYPE: Central Business District LOCATION: New York, New York YEAR BUILT/RENOVATED: 1964/2001 NET RENTABLE SQUARE FEET: 1,767,528 CUT-OFF BALANCE PSF: $283 OCCUPANCY AS OF 06/01/2005: 100.0% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: Stanley Stahl Management, Inc.; Colliers ABR, Inc. U/W NET CASH FLOW: $62,192,876 APPRAISED VALUE: $1,200,000,000 - -------------------------------------------------------------------------------- The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 14 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION 277 PARK AVENUE - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR ANNUALIZED (12/31/2003) (12/31/2004) (6/30/2005) UNDERWRITTEN ------------ ------------ ------------ ------------ Effective Gross Income...... $93,209,497 $100,075,959 $101,529,850 $107,619,501 Total Expenses.............. $40,188,485 $ 40,579,979 $ 40,776,738 $ 43,854,776 Net Operating Income (NOI).. $53,021,012 $ 59,495,980 $ 60,753,112 $ 63,764,725 Cash Flow (CF).............. $53,021,012 $ 59,495,980 $ 60,753,112 $ 62,192,876 DSCR on NOI(1).............. 2.25x 2.53x 2.58x 2.71x DSCR on CF(1)............... 2.25x 2.53x 2.58x 2.64x (1) Based on an aggregate principal balance of $500,000,000 (the aggregate 277 Park Avenue Whole Loan Cut-off Date principal balance). TENANT INFORMATION(1) RATINGS TOTAL % OF RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS MOODY'S/S&P TENANT SF TOTAL SF PSF RENT RENT EXPIRATION - -------------------------- ----------- --------- -------- ------ ----------- ----------- ---------- JP Morgan Chase........... Aa3/A+ 1,361,629 77.0% $50.28 $68,456,785 77.2% 03/31/2021 Sumitomo Mitsui Banking Corporation............ NR/A 211,825 12.0 $42.94 9,096,706 10.3 08/31/2010 ContiGroup................ Not Rated 46,110 2.6 $47.09 2,171,205 2.4 02/28/2015 --------- ---- ------ ----------- ---- TOTAL..................... 1,619,564 91.6% $79,724,695 89.9% (1) Information obtained from underwritten rent roll except for Ratings (Moody's/S&P) and unless otherwise stated. Credit Ratings are of the parent company whether or not the parent guarantees the lease. Calculations with respect to Rent PSF, Potential Rent, and % Potential Rent include base rent only and exclude common area maintenance and reimbursements. LEASE ROLLOVER SCHEDULE(1) # OF CUMULATIVE LEASES EXPIRING % OF CUMULATIVE % OF BASE RENT YEAR OF EXPIRATION EXPIRING SF TOTAL SF TOTAL SF TOTAL SF EXPIRING - ------------------ -------- --------- -------- ---------- ---------- ----------- 2006.............. 2 28,258 1.6% 28,258 1.6% $ 1,385,184 2007.............. 2 10,500 0.6 38,758 2.2% $ 914,315 2009.............. 2 24,218 1.4 62,976 3.6% $ 1,210,659 2010.............. 6 236,413 13.4 299,389 16.9% $10,562,172 2011.............. 3 16,513 0.9 315,902 17.9% $ 1,480,497 2012.............. 2 19,400 1.1 335,302 19.0% $ 1,234,080 2013.............. 1 940 0.1 336,242 19.0% $ 151,199 2014.............. 3 3,280 0.2 339,522 19.2% $ 396,421 2015.............. 2 46,110 2.6 385,632 21.8% $ 2,171,205 2016.............. 1 8,022 0.5 393,654 22.3% $ 649,220 2021.............. 2 1,361,629 77.0 1,755,283 99.3% $68,456,785 MTM............... 2 12,245 0.7 1,767,528 100.0% $ 86,700 --- --------- ----- TOTAL ............ 28 1,767,528 100.0% (1) Information obtained from underwritten rent roll. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 15 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION 277 PARK AVENUE - -------------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT TENANTS The three largest tenants, representing 91.6% of the total net rentable square feet, are: o JP MORGAN CHASE ("JPM") (rated "Aa3" by Moody's and "A+" by S&P) occupies a total of 1,361,629 square feet (77.0% of square feet, 77.2% of rental income) under two leases that expire on March 31, 2021. The current blended rental rate per square foot of $50.28 increases annually. There are three five-year options to renew the leases with the rental rate per square foot determined at the then fair market. JPM is a global financial services company operating six lines of business: Investment Banking, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities Services, and Asset and Wealth Management. JPM operates more than 2,500 branches located in 17 states and 6,650 automated teller machines. JPM has operations in approximately 50 countries in Europe, the Middle East, Africa, Asia-Pacific, Latin America and the Caribbean. JPM employs approximately 160,000 people. As of the fiscal year ended December 31, 2004, JPM reported revenue of approximately $56.9 billion, net income of $4.5 billion and stockholder equity of $105.7 billion. o SUMITOMO MITSUI BANKING CORPORATION ("SMBC") (not rated by Moody's and rated "A+" by S&P) occupies a total of 211,825 square feet (12.0% of square feet, 10.3% of rental income) under two office space leases and one storage space lease, all expiring on August 31, 2010. The blended rental rate per square foot for the office space is $42.94 and remains constant during the initial lease term. There is one option to renew the leases for either five or ten years with the rental rate per square foot determined at 95% of the then fair market. SMBC is one of the world's leading commercial banks providing a range of wholesale and retail banking services. SMBC, headquartered in Tokyo, Japan, is also engaged in leasing, securities, credit card, investment, mortgage securitization, venture capital and other credit related businesses. o CONTIGROUP (not rated) occupies a total of 46,110 square feet (2.6% of square feet, 2.4% of rental income) under two 25-year leases, one for office space and one for storage space, both expiring on February 28, 2015. The current rental rate per square foot of office space of $48.00 increases to $53.00 on March 1, 2010. ContiGroup is a recognized leader in integrated poultry and pork production and cattle feeding, with nearly 200 years of experience in agribusiness and global trade. The company serves customers around the world through facilities and affiliates in ten countries. ContiGroup operated as Continental Grain Company from 1921 to 1999, when it sold its commodity marketing operations and turned its principal focus to meat proteins. ContiGroup operates 13 state-of-the-art poultry plants across the southeastern United States, six major feedlots in four states, raises more than one million head of cattle per year, ranks as the second largest pork producer in the country through a joint venture with Premium Standard Farms, and is a major producer of animal feed, wheat flour, pork and poultry in Latin America and the Far East. ContiGroup employs approximately 13,500 people worldwide in ten countries. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 16 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION 277 PARK AVENUE - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The 277 Park Avenue Mortgage Loan is a $260.0 million, ten-year fixed rate loan secured by a first mortgage on an office building located in New York City. The 277 Park Avenue Mortgage Loan is interest only for the entire loan term until an anticipated repayment date of October 1, 2015 and accrues interest at an annual rate, rounded to three decimal places, of 4.647%. The final maturity date of the 277 Park Avenue Mortgage Loan is October 1, 2035. THE BORROWER: o The 277 Park Avenue Borrower is 277 Park Avenue, LLC, a Delaware limited liability company and a single purpose bankruptcy remote entity with at lease two independent directors for which the 277 Park Avenue Borrower's counsel has delivered a non-consolidation opinion. Equity ownership is held 100.0% by Park Avenue Mezz I, LLC as the sole member. Through a series of intermediate ownership levels, equity ownership is eventually held by the estate of Stanley Stahl. THE PROPERTY: o The 277 Park Avenue Mortgaged Property consists of a fee simple interest in a Class "A" office building built in 1964 and most recently renovated in 2001. The improvements consist of a 50-story office building situated on 1.86 acres containing 1,767,528 net rentable square feet, of which 1,708,433 square feet is office space and 59,095 is retail/storage space. The 277 Park Avenue Mortgaged Property is currently occupied by 11 office tenants ranging in size from 1,200 to 1,361,629 square feet and 15 retail tenants ranging in size from 101 to 18,000 square feet. o The 277 Park Avenue Mortgaged Property is located on an entire city block in Midtown Manhattan between East 47th and East 48th Streets. The Midtown Manhattan submarket totals 235.2 million square feet, of which 176 million is Class A, making it one of the largest office submarkets in Manhattan. o The 277 Park Avenue Borrower is generally required at its sole cost and expense to keep the 277 Park Avenue Mortgaged Property insured against loss or damage by fire and other risks addressed by coverage of a comprehensive all risk insurance policy. PROPERTY MANAGEMENT: o Stanley Stahl Management, Inc., a borrower related entity, and Colliers ABR, Inc. ("CABR") jointly manage the 277 Park Avenue Mortgaged Property. Stahl Real Estate Company, started over 50 years ago by Stanley Stahl, owns approximately 4 million square feet of office and 3,000 apartments in the New York area. CABR was founded in 1978 as a full service commercial real estate services firm and serves clients in the New York City, Westchester County, New Jersey, and Fairfield County markets, offering tenant and landlord services, brokerage, consulting, property management, project monitoring and market research. The parent company, Colliers, is a global real estate services firm with 248 offices located in 51 countries and employing approximately 9,000 people. Colliers has more than 660 million square feet under management. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o The equity owner of the borrower, Park Avenue Mezz 1, LLC, incurred senior mezzanine debt from Bank of America, N.A. with an aggregate balance of $100,000,000 secured by pledges of equity interests in the 277 Park Avenue Borrower. The equity owners of the mezzanine borrower, PAMC Co-Manager Inc. and Park Avenue Financing Company, LLC, incurred junior mezzanine debt from Bank of America, N.A. with an aggregate balance of $100,000,000 secured by pledges of equity interests in the junior mezzanine borrower's equity interests in the senior mezzanine borrower. FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o Not Allowed. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 17 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION 277 PARK AVENUE - -------------------------------------------------------------------------------- [MAP OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 18 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION KINDERCARE PORTFOLIO - -------------------------------------------------------------------------------- [PHOTOS OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 19 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION KINDERCARE PORTFOLIO - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS KINDERCARE PORTFOLIO - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL NOTE A-1 SENIOR COMPONENT PRINCIPAL BALANCE: $150,000,000 FIRST PAYMENT DATE: January 1, 2006 TERM/AMORTIZATION: 120/Planned MATURITY DATE: December 1, 2015 EXPECTED NOTE A-1 SENIOR COMPONENT MATURITY BALANCE: $129,225,000 BORROWING ENTITY: KC Propco, LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout: 13 payments GRTR 1% PPMT or Yield Maintenance: 100 payments Open: 7 payments PARI PASSU DEBT: $150,000,000 Note A-2 and $150,000,000 Note A-3 EXISTING MEZZANINE DEBT: $50,000,000 senior mezzanine loan. SUBORDINATE COMPONENT: $200,000,000 portion (subordinate component) of Note A-1, included in the trust fund. UP-FRONT RESERVES: IMMEDIATE REPAIR RESERVE: $756,551 LETTERS OF CREDIT: TAXES: $5,542,841 REPLACEMENT RESERVES: $930,000 LOCKBOX: Hard - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- WHOLE LOAN CUT-OFF DATE BALANCE: $650,000,000 NOTE A-1 CUT-OFF DATE BALANCE: $350,000,000 NOTE A-1 SENIOR COMPONENT CUT-OFF DATE BALANCE: $150,000,000 NOTE A-1 SUBORDINATE COMPONENT CUT-OFF DATE BALANCE: $200,000,000 NOTE A-2 CUT-OFF DATE BALANCE: $150,000,000 NOTE A-3 CUT-OFF DATE BALANCE: $150,000,000 SHADOW RATING (MOODY'S/S&P): A3/AAA WHOLE WHOLE LOAN LOAN (EXCLUDING (INCLUDING SUBORDINATE SUBORDINATE COMPONENT) COMPONENT) ----------- ----------- CUT-OFF DATE LTV: 40.9% 59.0% MATURITY DATE LTV: 35.2% 50.8% UNDERWRITTEN DSCR: 3.27x 2.15x MORTGAGE RATE(1): 5.123% 5.457% - -------------------------------------------------------------------------------- (1) The interest rate was rounded to three decimal places and is subject to change (prior to pricing). - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Other PROPERTY SUB TYPE: Child Development Centers LOCATION: Various YEAR BUILT OR YEAR OPENED: Various NET RENTABLE SQUARE FEET: 5,119,320 CUT-OFF BALANCE PSF: $88 T-12 UTILIZATION AS OF 10/01/2005(1): 58.6% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: Greenstreet Realty Partners, L.P. U/W NET CASH FLOW: $90,800,000 APPRAISED VALUE: $1,101,357,835 - -------------------------------------------------------------------------------- (1) Excludes three properties for which information was unavailable and three properties constructed in 2005. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 20 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION KINDERCARE PORTFOLIO - -------------------------------------------------------------------------------- FINANCIAL INFORMATION UNDERWRITTEN ------------ Cash Flow (CF)(1)(2) ........................................... $90,800,000 DSCR on CF(3) .................................................. 3.27x (1) The KinderCare Portfolio Borrower, KC Propco, LLC, receives an annual payment of $90,800,000 (via the "Master Lease") from the Knowledge Learning Corporation. (2) In addition, the underlying properties in the KinderCare Portfolio had a 12/31/04 EBITDA of $136,397,531 and a T12 10/01/05 EBITDA of $149,511,946. (3) Based on an aggregate principal of $450,000,000 (the KinderCare Portfolio Whole Loan Cut-off Date principal balance, excluding the Note A-1 subordinate component). ADDITIONAL INFORMATION THE LOAN: o The KinderCare Portfolio Whole Loan is a $650.0 million, ten-year fixed rate loan secured by a first mortgage on 713 children's learning centers located in 37 states. The KinderCare Whole Loan is represented by three pari passu promissory notes referred to as Note A-1 (which is the only note included in the trust fund), Note A-2 and Note A-3. The KinderCare Portfolio Mortgage Loan is represented by the senior component of the related Note A-1. Monthly debt service on the KinderCare Portfolio Senior Component Loan in the trust consists of interest plus fixed principal payments of $125,000 for the first 60 months and $225,000 for the last 60 months. Monthly debt service on the KinderCare Portfolio Whole Loan consists of interest plus fixed principal payments of $541,667 for the first 60 months and $975,000 for the last 60 months. THE BORROWER: o The KinderCare Portfolio Borrower is KC Propco, LLC, a Delaware limited liability company and a single purpose bankruptcy remote entity with at least two independent directors for which the KinderCare Portfolio Borrower's legal counsel has delivered a non-consolidation opinion. o Equity ownership is held 100% by KC Mezco I LLC as the Member of the KinderCare Portfolio Borrower. Through a series of intermediate ownership levels, equity ownership of the KinderCare Portfolio Borrower is eventually held by KinderCare Learning Centers, Inc. and Knowledge Learning Corporation, the sponsor of the KinderCare Portfolio Mortgage Loan. The sponsor principals are Michael R. Milken, Lowell J. Milken and Steven J. Green. o The KinderCare Portfolio Borrower is generally required at its sole cost and expense to keep the KinderCare Portfolio Mortgaged Property insured against loss or damage by fire and other risks addressed by coverage of a comprehensive all risk insurance policy. THE PROPERTY: o The KinderCare Portfolio Mortgaged Property consists of 713 children's learning centers totaling 5,119,320 net rentable square feet located in 37 states that are owned and operated by Knowledge Learning Corporation. THE COMPANY: o KinderCare Learning Centers, founded in 1969 and based in Portland, Oregon, is a leading provider of early childhood education and care to children between the ages of six weeks and 12 years. KinderCare Learning Centers operates 1,222 early childhood education and care centers, 10 before and after-school programs and 43 employer-sponsored child care centers located in 39 states, serving more than 115,000 children and employing approximately 24,000 people. o Knowledge Learning Corporation, founded in 1983 and based in Golden, Colorado, is a leading provider of early childhood education programs and services operating under several names, including Children's Discovery Centers, Knowledge Beginnings, Magic Years and Children's World. Knowledge Learning Corporation operates 721 early childhood education and child care centers, 646 before and after-school programs and 80 employer-sponsored child care centers located in 33 states and Washington, D.C., serving more than 85,000 children and employing approximately 17,000 people. As of the 12-month period ended September 30, 2004, Knowledge Learning Corporation reported revenue of approximately $1.4 billion and net income of $15.0 million. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 21 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION KINDERCARE PORTFOLIO - -------------------------------------------------------------------------------- o In January 2005, Knowledge Learning Corporation purchased KinderCare for approximately $550 million. The combined company operates 1,900 early childhood education and child care centers, 656 before-and-after school programs and 123 employer-sponsored child care centers located in 39 states and Washington, D.C., serving more than 200,000 children and employing approximately 41,000 people. PROPERTY MANAGEMENT: o Greenstreet Realty Partners L.P. is the property manager of the portfolio. MASTER LEASE: o The KinderCare Portfolio Borrower has entered into a 15-year bondable triple net lease ("Master Lease") for the individual properties with the Knowledge Learning Corporation. The Master Lease provides for the monthly payment of scheduled base rent increasing periodically over the loan term and standard pass-through expenses. The Master Lease allows the individual properties to remain in the operating company, Knowledge Learning Corporation, which makes market rental payments to The KinderCare Portfolio Borrower, KC Propco, LLC. Beginning in 2011 and 2016 the scheduled base rent shall increase every five lease years proportionate to any increases in the CPI during the prior five year period, not to exceed a 7% maximum increase. The Master Lease specifies the portion of the base scheduled rent allocated to each individual property. All scheduled Master Lease payments shall at all times during the loan term be made directly to a deposit account controlled by the mortgagee. RELEASE OF PROPERTY: o Provided that no event of default has occurred and is continuing, the KinderCare Portfolio Borrower may obtain the release of an individual property from the lien of the related mortgage and the release of the KinderCare Portfolio Borrower's obligations upon satisfying the following conditions including, without limitation, receipt by the mortgagee of a certified copy of an amendment to the Master Lease reflecting the deletion of the individual property to be released, which amendment shall reduce the rental obligations of KinderCare Learning Corporation thereunder by an amount equal to the rental obligation associated with the individual property that is to be released. The release price for each individual property shall be 115% of the allocated loan amount to a third party purchaser or the greater of 115% of the allocated loan amount and the then appraised value of such individual property to an affiliate of the KinderCare Portfolio Borrower. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o The equity owner of the borrower, KC Mezco I LLC, incurred mezzanine debt from Bank of America, N.A. with an aggregate balance of $50,000,000 secured by pledges of equity interests in the KinderCare Portfolio Borrower. FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o Not allowed. SUBORDINATE COMPONENT: o As will be set forth in more detail in the prospectus supplement, the holder of a designated class of certificates (the "Class KC Certificates") that is entitled to payments solely from the KinderCare Portfolio Mortgage Loan will be entitled in certain instances to exercise rights analogous to the rights of the Directing Certificateholder solely with respect to the KinderCare Portfolio Mortgage Loan. Such rights may include the review and/or approval of certain actions taken by the Master Servicer or the Special Servicer in connection with the KinderCare Portfolio Mortgage Loan. In addition, such holder may (but is not obliged to) purchase the KinderCare Portfolio Mortgage Loan, if the KinderCare Portfolio Mortgage Loan is then considered a "Defaulted Mortgage Loan" as more particularly described in the prospectus supplement, at a price generally equal to its (a) fair value as determined by the Special Servicer (or the Master Servicer or Trustee if the Special Servicer and the option holder are the same person or affiliated) or (b) unpaid principal balance, plus accrued and unpaid interest on such balance, all related unreimbursed advances (with interest if any), and all accrued special servicing fees and additional trust fund expenses, if the Special Servicer has not determined its fair value. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 22 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION KINDERCARE PORTFOLIO - -------------------------------------------------------------------------------- [MAP OMITTED] KINDERCARE PORTFOLIO -------------------- STATE # OF PROPERTIES - ----- --------------- ALABAMA 7 ARIZONA 18 CALIFORNIA 62 COLORADO 19 CONNECTICUT 9 DELAWARE 5 FLORIDA 51 GEORGIA 12 IOWA 4 ILLINOIS 68 INDIANA 10 KANSAS 8 KENTUCKY 3 LOUISIANA 5 MASSACHUSETTS 22 MARYLAND 17 MICHIGAN 17 MINNESOTA 25 MISSOURI 13 MISSISSIPPI 2 NORTH CAROLINA 19 NEBRASKA 2 NEW HAMPSHIRE 3 NEW JERSEY 23 NEW MEXICO 3 NEVADA 4 NEW YORK 3 OHIO 38 OKLAHOMA 10 OREGON 10 PENNSYLVANIA 33 TENNESSEE 16 TEXAS 56 UTAH 5 VIRGINIA 53 WASHINGTON 34 WISCONSIN 24 The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 23 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION INTOWN SUITES PORTFOLIO - -------------------------------------------------------------------------------- [PHOTOS OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 24 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION INTOWN SUITES PORTFOLIO - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS INTOWN SUITES PORTFOLIO - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bear Stearns ORIGINAL PRINCIPAL BALANCE: $126,016,590 FIRST PAYMENT DATE: December 1, 2005 TERM/AMORTIZATION: 120/300 months MATURITY DATE: November 1, 2015 EXPECTED MATURITY BALANCE: $95,669,600 BORROWING ENTITY(1): Various INTEREST CALCULATION: Actual/360 CALL PROTECTION: GRTR1% PPMT or YM: 25 payments Defeasance: 91 payments Open: 4 payments UP-FRONT RESERVES: TAX/INSURANCE RESERVE: Yes IMMEDIATE REPAIR RESERVE: $475,807 REPLACEMENT RESERVE: $163,134 ONGOING MONTHLY RESERVES: TAX/INSURANCE RESERVE: Yes REPLACEMENT RESERVE: $163,134 LOCKBOX: Hard - -------------------------------------------------------------------------------- (1) The loan is collateralized by forty properties and the borrower is comprised of forty separate single purpose entities. - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $125,815,376 CUT-OFF DATE LTV: 59.1% MATURITY DATE LTV: 44.9% UNDERWRITTEN DSCR: 1.97x MORTGAGE RATE(1): 5.336% - -------------------------------------------------------------------------------- (1) Interest rate rounded to three decimal places. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Hotel PROPERTY SUB TYPE: Extended Stay LOCATION: Various YEAR BUILT/RENOVATED: Various NUMBER OF KEYS: 5,073 CUT-OFF BALANCE PER KEY: $24,801 OCCUPANCY AS OF 10/31/2005: 87.2% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: InTown Suites Management, Inc. U/W NET CASH FLOW: $17,999,197 APPRAISED VALUE: $212,900,000 - -------------------------------------------------------------------------------- The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 25 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION INTOWN SUITES PORTFOLIO - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - PORTFOLIO LEVEL FULL YEAR FULL YEAR TRAILING 12 (12/31/2003) (12/31/2004) (10/31/2005) UNDERWRITTEN ------------ ------------ ------------ ------------ Effective Gross Income ......... $35,614,605 $36,452,690 $40,634,285 $41,053,483 Total Expenses ................. $16,551,829 $16,836,498 $18,966,613 $21,001,612 Net Operating Income (NOI) ..... $19,062,776 $19,616,192 $21,667,672 $20,051,871 Cash Flow (CF) ................. $17,282,046 $17,793,557 $19,635,958 $17,999,197 DSCR on NOI .................... 2.09x 2.15x 2.37x 2.19x DSCR on CF ..................... 1.89x 1.95x 2.15x 1.97x PORTFOLIO OPERATING STATISTICS TRAILING 12 2003 2004 (10/31/2005) UNDERWRITTEN ------- ------- ------------ ------------ Average Weekly Rate (AWR) ...... $161.76 $167.43 $173.21 $177.26 Average Daily Rate (ADR) ....... $ 23.11 $ 23.92 $ 24.74 $ 25.32 Occupancy ...................... 82.0% 81.0% 87.2% 86.1% Weekly RevPAR .................. $132.64 $135.57 $151.01 $152.66 Daily RevPAR ................... $ 18.95 $ 19.37 $ 21.57 $ 21.81 The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 26 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION INTOWN SUITES PORTFOLIO - -------------------------------------------------------------------------------- ALLOCATED % OF TOTAL PORTFOLIO YEAR CUT-OFF LOAN (BY ALLOCATED CUT-OFF PROPERTY NAME LOCATION BUILT KEYS BALANCE ($) LOAN BALANCE) - --------------------------- ------------------ ----- ----- ------------ --------------------- Perdue Springs............. Chester, VA 2001 120 $ 5,751,102 4.6% Roosevelt Blvd............. Clearwater, FL 2001 121 4,670,281 3.7 Beach Road................. Jacksonville, FL 2000 121 4,601,581 3.7 Highway 17................. Charleston, SC 1998 121 4,368,843 3.5 Chandler Blvd.............. Phoenix, AZ 2001 121 4,202,619 3.3 Coon Rapids................ Coon Rapids, MN 1999 135 4,139,989 3.3 Salt Lake South............ Salt Lake City, UT 1999 136 4,068,393 3.2 Sheridan................... Sheridan, CO 2000 135 3,983,998 3.2 Two Notch.................. Columbia, SC 1997 121 3,659,667 2.9 Indianapolis North......... Indianapolis, IN 2001 121 3,636,864 2.9 Highway 2252............... San Antonio, TX 2001 121 3,620,620 2.9 Ina Road................... Tucson, AZ 2001 121 3,548,804 2.8 Orlando North.............. Orlando, FL 1997 137 3,488,191 2.8 Albuquerque................ Albuquerque, NM 1999 135 3,294,731 2.6 Culebra Rd................. San Antonio, TX 2001 121 3,255,484 2.6 Brook Hollow............... Dallas, TX 1999 134 3,209,557 2.6 O'Hare..................... Elk Grove, IL 1998 125 3,173,585 2.5 Nashville North............ Hendersonville, TN 1997 121 3,134,218 2.5 Bell Road.................. Nashville, TN 1998 121 3,082,910 2.5 Highway 121................ Lewisville, TX 1998 121 3,038,031 2.4 Birmingham North........... Birmingham, AL 1998 137 3,012,283 2.4 Hurstbourne................ Louisville, KY 2000 121 2,977,937 2.4 Dublin..................... Columbus, OH 1998 127 2,961,504 2.4 Rolling Creek.............. Houston, TX 1998 137 2,883,359 2.3 Kieth Harrow............... Houston, TX 2000 121 2,816,306 2.2 Bandera Road............... Leon Valley, TX 2000 121 2,797,226 2.2 Perrin Beitel.............. San Antonio, TX 1998 138 2,751,739 2.2 Oak Village................ Arlington, TX 1997 132 2,723,175 2.2 Woods Cross................ Woods Cross, UT 2001 121 2,711,024 2.2 Highway 290................ Houston, TX 1999 132 2,644,710 2.1 Jana Lane.................. Pasadena, TX 2000 121 2,533,229 2.0 North Dallas............... North Dallas, TX 1998 121 2,364,598 1.9 Albermarle Road............ Charlotte, NC 1998 121 2,283,308 1.8 Highway 6.................. Houston, TX 1998 121 2,257,390 1.8 Knoxville.................. Knoxville, TN 1996 132 2,209,377 1.8 Carrollton................. Carrollton, TX 1998 138 2,113,350 1.7 Webster.................... Webster, TX 1998 132 2,043,911 1.6 Six Flags.................. Arlington, TX 1998 132 2,002,977 1.6 El Paso.................... El Paso, TX 1998 138 1,946,896 1.5 Arlington.................. Arlington, TX 1998 121 1,851,609 1.5 ----- ------------ ----- TOTAL...................... 5,073 $125,815,376 100.0% The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 27 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION INTOWN SUITES PORTFOLIO - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The InTown Suites Portfolio Mortgage Loan is a $126.0 million, 120-month fixed rate loan secured by a first mortgage on forty, cross-collateralized, cross-defaulted, extended-stay hotel properties located in 16 states totaling 5,073 rooms. The InTown Suites Portfolio Mortgage Loan bears interest at an annual interest rate, rounded to three decimal places, of 5.336%. The loan amortizes based on a 300-month schedule and matures on November 1, 2015. THE BORROWER: o The InTown Suites Portfolio Borrower is comprised of 40 separate single purpose entities. The sponsor of the InTown Suites Portfolio Mortgage Loan is InTown Suites Management, Inc. which is 100% owned and controlled by a subsidiary of LF Strategic Realty Investors II L.P., a private equity fund whose general partner is Lazard Freres Real Estate Investors L.L.C. o Lazard Freres Real Estate Investors L.L.C. has acted as general partner for four discretionary real estate funds that have invested nearly $3.0 billion of equity capital since 1994 in a variety of debt and equity real estate investments and operating companies. InTown Suites Management, Inc., founded in 1989 and headquartered in Atlanta, Georgia, is the largest owner/operator of economy extended-stay hotels in the United States. InTown Suites Management, Inc. operates a total of 120 extended-stay hotels totaling 15,716 rooms across 21 states. THE PROPERTIES: o The portfolio consists of 40 individual extended stay hotel properties totaling 5,073 rooms located across 16 states and 25 separate Metropolitan Statistical Areas. The typical InTown Suites Portfolio Mortgaged Property is a three-story building with 121 guest rooms, a front office, and a guest laundry facility. The average age of hotels in the InTown Suites Portfolio is six years and approximately 27% of the properties consist of interior corridor buildings. o Typical guestrooms are approximately 275 to 300 square feet in size with various amenities including Full/Queen/King size beds, fold-out couch, a kitchen with stove-top, microwave oven, full size refrigerators, a dining area, cable television and internet access, weekly housekeeping and guest laundry facilities. o Average length of stay is approximately 161 nights. Rooms are typically rented on a weekly basis with approximately 64% of guests staying greater than 30 days. PROPERTY MANAGEMENT: o InTown Suites Management, Inc., an affiliate of the borrower, manages the InTown Suites Portfolio Mortgaged Properties. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None. FUTURE PARI PASSU, MEZZANINE OR SUBORDINATE INDEBTEDNESS: o Mezzanine debt is permitted subject to the satisfaction of certain conditions, including confirmation of no downgrade from the rating agencies, a maximum combined loan-to-value ratio of no greater than 80% and a combined debt service coverage ratio not less than 1.20x. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 28 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION INTOWN SUITES PORTFOLIO - -------------------------------------------------------------------------------- [MAP OMITTED] INTOWN SUITES PORTFOLIO (1) PERDUE SPRINGS Chester, VA (2) ROOSEVELT BLVD Clearwater, FL (3) BEACH ROAD Jacksonville, FL (4) HIGHWAY 17 Charleston, SC (5) CHANDLER BLVD Phoenix, AZ (6) COON RAPIDS Coon Rapids, MN (7) SALT LAKE SOUTH Salt Lake City, UT (8) SHERIDAN Sheridan, CO (9) TWO NOTCH Columbia, SC (10) INDIANAPOLIS NORTH Indianapolis, IN (11) HIGHWAY 2252 San Antonio, TX (12) INA ROAD Tucson, AZ (13) ORLANDO NORTH Orlando, FL (14) ALBUQUERQUE Albuquerque, NM (15) CULEBRA RD San Antonio, TX (16) BROOK HOLLOW Dallas, TX (17) O'HARE Elk Grove, IL (18) NASHVILLE NORTH Hendersonville, TN (19) BELL ROAD Nashville, TN (20) HIGHWAY 121 Lewisville, TX (21) BIRMINGHAM NORTH Birmingham, AL (22) HURSTBOURNE Louisville, KY (23) DUBLIN Columbus, OH (24) ROLLING CREEK Houston, TX (25) KIETH HARROW Houston, TX (26) BANDERA ROAD Leon Valley, TX (27) PERRIN BEITEL San Antonio, TX (28) OAK VILLAGE Arlington, TX (29) WOODS CROSS Woods Cross, UT (30) HIGHWAY 290 Houston, TX (31) JANA LANE Pasadena, TX (32) NORTH DALLAS North Dallas, TX (33) ALBERMARLE ROAD Charlotte, NC (34) HIGHWAY 6 Houston, TX (35) KNOXVILLE Knoxville, TN (36) CARROLLTON Carrollton, TX (37) WEBSTER Webster, TX (38) SIX FLAGS Arlington, TX (39) EL PASO El Paso, TX (40) ARLINGTON Arlington, TX The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 29 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION SUMMIT AT WARNER CENTER - -------------------------------------------------------------------------------- [PHOTOS OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 30 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION SUMMIT AT WARNER CENTER - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS SUMMIT AT WARNER CENTER - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL PRINCIPAL BALANCE: $120,000,000 FIRST PAYMENT DATE: December 1, 2005 TERM/AMORTIZATION: 60/0 months INTEREST ONLY PERIOD: 60 months MATURITY DATE: November 1, 2010 EXPECTED MATURITY BALANCE: $120,000,000 BORROWING ENTITY: Warner Center Summit, Ltd. INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 57 payments Open: 3 payments UP-FRONT RESERVES: TAX RESERVE: Yes ONGOING MONTHLY RESERVES: TAX RESERVE: Yes REPLACEMENT RESERVE: $21,090 LOCKBOX: Soft - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $120,000,000 CUT-OFF DATE LTV: 57.1% MATURITY DATE LTV: 57.1% UNDERWRITTEN DSCR: 2.04x MORTGAGE RATE: 4.900% - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Multifamily PROPERTY SUB TYPE: Garden LOCATION: Woodland Hills, California YEAR BUILT/RENOVATED: 1990/NAP NUMBER OF UNITS: 760 CUT-OFF BALANCE PER UNIT: $157,895 OCCUPANCY AS OF 09/18/2005: 96.5% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: Con Am Management Corporation U/W NET CASH FLOW: $12,164,152 APPRAISED VALUE: $210,000,000 - -------------------------------------------------------------------------------- The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 31 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION SUMMIT AT WARNER CENTER - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR TRAILING 12 (12/31/2003) (12/31/2004) (07/31/2005) UNDERWRITTEN ------------ ------------ ------------ ------------ Effective Gross Income ............. $16,773,292 $16,936,677 $17,461,434 $17,320,325 Total Expenses ..................... $ 4,306,247 $ 4,498,579 $ 4,605,456 $ 4,903,092 Net Operating Income (NOI) ......... $12,467,046 $12,438,098 $12,855,978 $12,417,232 Cash Flow (CF) ..................... $11,723,935 $11,456,789 $11,776,806 $12,164,152 DSCR on NOI ........................ 2.09x 2.09x 2.16x 2.08x DSCR on CF ......................... 1.97x 1.92x 1.98x 2.04x 2 BEDROOM 3 BEDROOM --------- --------- Number of Units ........................................ 630 130 Average Rent ........................................... $1,890 $2,467 Average Unit Size (SF) ................................. 1,171 1,430 The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 32 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION SUMMIT AT WARNER CENTER - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The Summit at Warner Center Mortgage Loan is a $120 million, five-year fixed rate loan secured by a first mortgage on a garden style apartment complex located in Woodland Hills, Los Angeles County, California. The Summit at Warner Center Loan is interest only for the entire loan term, matures on November 1, 2010, and accrues interest at an annual rate of 4.900%. THE BORROWER: o The Summit at Warner Center Borrower is Warner Center Summit, Ltd., a California limited partnership and a single purpose bankruptcy remote entity with at least two independent directors for which the Summit at Warner Center Borrower's legal counsel has delivered a non-consolidation opinion. Equity ownership is held 0.5% by each of Geoffrey H. Palmer and Summit Warner Center Apartments, LLC, a Delaware limited liability company, as the general partners of the Summit at Warner Center Borrower and 99% by Palmer-Warner Center, Ltd., a California limited partnership, as the limited partner of the Summit at Warner Center Borrower. The borrower principal is Geoffrey H. Palmer. o Geoffrey H. Palmer has been active in developing multifamily properties since 1975. G.H. Palmer Associates currently owns a multifamily portfolio of more than 7,800 units located throughout southern California with an estimated net worth of over $1 billion. THE PROPERTY: o The Summit at Warner Center Mortgaged Property consists of a fee simple interest in a 760-unit, garden style apartment complex and situated on 41.96 acres. The unit mix at the property consists of the following: 60 two bedroom/two bathroom units, 510 two bedroom/two and a half bathroom townhouse units, 60 two bedroom/two bathroom loft units and 130 three bedroom/three bathroom townhouse units. The Summit at Warner Center Mortgaged Property consists of 95 three-story buildings and was constructed in 1990. o Each unit is equipped with a standard kitchen package consisting of a refrigerator, range/oven, dishwasher, disposal, trash compactor and microwave. Other unit amenities include full-size washer/dryers, vaulted ceilings, skylights, fireplaces, patios/balconies, a one-car garage for each unit and extra storage in the garage. Each unit is wired for cable television. o The property is a gated-access community including a clubhouse with leasing office and kitchen, two fitness centers, conference room, four pools with spa, sauna, five tennis courts, basketball court, volleyball court, putting green, playgrounds and a picnic area with BBQ. There are 1,520 garage parking spaces (2 per unit) and 380 surface parking spaces for a total of 1,900 spaces, resulting in a parking ratio of 2.5 spaces per unit. o The Summit at Warner Center Mortgaged Property is located in southern California, approximately 25 miles northwest of downtown Los Angeles. The Los Angeles multifamily market contains approximately 742,000 units with an overall occupancy of 96.7%. The Woodland Hills apartment submarket contains approximately 15,000 units with an overall occupancy of 95.6%. o The Summit at Warner Center Borrower is generally required at its sole cost and expense to keep the Summit at Warner Center Mortgaged Property insured against loss or damage by fire and other risks addressed by coverage of a comprehensive all risk insurance policy. PROPERTY MANAGEMENT: o The property is managed by Con Am Management Corporation. Con Am Management Corporation is a full service real estate management company and a subsidiary of The Con Am Group of Companies that was founded in 1975 and is headquartered in San Diego, California. Con Am Management Corporation currently manages a real estate portfolio consisting of approximately 45,000 multifamily units, which is valued at more than $2 billion. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 33 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION SUMMIT AT WARNER CENTER - -------------------------------------------------------------------------------- FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o The Summit at Warner Center Borrower is permitted to incur mezzanine financing on a one-time basis only upon the satisfaction of the following terms and conditions including, without limitation, (a) no event of default has occurred and is continuing; (b) execution by the mezzanine lender of a subordination and intercreditor agreement reasonably satisfactory to the mortgagee; (c) the amount of such mezzanine loan will not exceed an amount which, when added to the outstanding principal balance of the loan results in a maximum loan-to-value ratio (based on a then current appraisal reasonably acceptable to the mortgagee) greater than 70% and a minimum debt service coverage ratio less than 1.15x based on a constant of 9.25% and underwritten net income; (d) the mezzanine loan will be secured by an equity pledge encumbering direct and indirect ownership interests in the Summit at Warner Center Borrower (and will not be secured by any other collateral); (e) the mezzanine loan the mortgagee will at all times comply with standard rating agency criteria for a qualified mezzanine lender; (f) the mortgagee will receive confirmation from the rating agencies that such mezzanine financing will not result in a downgrade, withdrawal or qualification of any ratings issued, or to be issued, in connection with a securitization involving the Summit at Warner Center Mortgage Loan; (g) the loan term of the permitted mezzanine financing will be co-terminus with or no longer than the term of the Summit at Warner Center Mortgage Loan; and (h) the proceeds from the permitted mezzanine financing will be used to make capital contributions to the Summit at Warner Center Borrower for the purpose of funding operations and/or capital expenditures at the Summit at Warner Center Mortgaged Property. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 34 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION SUMMIT AT WARNER CENTER - -------------------------------------------------------------------------------- [MAP OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 35 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION BURNETT PLAZA - -------------------------------------------------------------------------------- [PHOTOS OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 36 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION BURNETT PLAZA - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS BURNETT PLAZA - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL PRINCIPAL BALANCE: $114,200,000 FIRST PAYMENT DATE: May 1, 2005 TERM/AMORTIZATION: 120/360 months INTEREST ONLY PERIOD: 36 months MATURITY DATE: April 1, 2015 EXPECTED MATURITY BALANCE: $101,296,834 BORROWING ENTITY: Burnett Plaza Associates, L.P. INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 117 payments Open: 3 payments LOCKBOX: Hard - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $114,200,000 CUT-OFF DATE LTV: 79.9% MATURITY DATE LTV: 70.8% UNDERWRITTEN DSCR: 1.52x MORTGAGE RATE(1): 5.016% - -------------------------------------------------------------------------------- (1) Interest rate rounded to three decimal places. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Office PROPERTY SUB TYPE: Central Business District LOCATION: Fort Worth, Texas YEAR BUILT/RENOVATED: 1983/NAP NET RENTABLE SQUARE FEET: 1,028,027 CUT-OFF BALANCE PSF: $111 OCCUPANCY AS OF 09/30/2005: 95.7% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: Prentiss Properties Management, LP U/W NET CASH FLOW: $11,192,086 APPRAISED VALUE: $143,000,000 - -------------------------------------------------------------------------------- The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 37 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION BURNETT PLAZA - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR FULL YEAR (12/31/2002) (12/31/2003) (12/31/2004) UNDERWRITTEN ------------ ------------ ------------ ------------ Effective Gross Income....... $21,762,490 $22,029,762 $23,230,555 $23,225,367 Total Expenses............... $ 9,360,710 $ 9,024,808 $10,398,191 $10,656,041 Net Operating Income (NOI)... $12,401,780 $13,004,953 $12,832,364 $12,569,326 Cash Flow (CF)............... $12,401,780 $13,004,953 $12,832,364 $11,192,086 DSCR on NOI.................. 1.68x 1.76x 1.74x 1.71x DSCR on CF................... 1.68x 1.76x 1.74x 1.52x TENANT INFORMATION(1) RATINGS TOTAL % OF RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS MOODY'S/S&P TENANT SF TOTAL SF PSF RENT RENT EXPIRATION - ----------- ----------- --------- -------- ------ ----------- ----------- ---------- AmeriCredit Financial............. B1/BB- 238,303 23.2% $18.48 $ 4,403,387 22.8% 05/31/2011 Burlington Resources.............. A3/BBB+ 198,539 19.3 $21.49 4,265,841 22.1 06/30/2013 HUD............................... Aaa/AAA 102,418 10.0 $18.80 1,925,458 10.0 09/30/2013 Practitioners Publishing Company.. A3/A- 81,516 7.9 $17.75 1,446,909 7.5 05/31/2011 ------- ---- ----------- ---- TOTAL............................. 620,776 60.4% $12,041,595 62.4% (1) Information obtained from underwritten rent roll except for Ratings (Moody's/S&P) and unless otherwise stated. Credit Ratings are of the parent company whether or not the parent guarantees the lease. Calculations with respect to Rent PSF, Potential Rent and % of Potential Rent include base rent only and exclude common area maintenance and reimbursements. LEASE ROLLOVER SCHEDULE(1) # OF CUMULATIVE LEASES EXPIRING % OF CUMULATIVE % OF BASE RENT YEAR OF EXPIRATION EXPIRING SF TOTAL SF TOTAL SF TOTAL SF EXPIRING - ------------------ -------- --------- -------- ---------- ---------- ---------- 2005.............. 7 3,565 0.3% 3,565 0.3% $ 104,767 2006.............. 2 3,340 0.3 6,905 0.7% $ 85,979 2007.............. 9 65,844 6.4 72,749 7.1% $1,286,985 2008.............. 19 41,524 4.0 114,273 11.1% $ 703,620 2009.............. 10 44,330 4.3 158,603 15.4% $ 831,948 2010.............. 13 108,040 10.5 266,643 25.9% $1,910,122 2011.............. 21 393,066 38.2 659,709 64.2% $6,966,698 2013.............. 19 318,727 31.0 978,436 95.2% $6,519,830 Vacant............ -- 49,591 4.8 1,028,027 100.0% $ 888,093 --- --------- ----- TOTAL............. 100 1,028,027 100.0% (1) Information obtained from underwritten rent roll. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 38 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION BURNETT PLAZA - -------------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT TENANTS The four largest tenants, representing 60.4% of the total net rentable square feet, are: o AMERICREDIT FINANCIAL ("AFSI") (rated "B1" by Moody's and "BB-" by S&P) leases a total of 238,303 square feet (23.2% of square feet, 22.8% of rental income) under a 12-year lease expiring on May 31, 2011. AFSI is a wholly owned subsidiary of AmeriCredit Corporation, a leading independent auto finance company that serves customers who have limited access to traditional automobile financing. AmeriCredit Corporation and its subsidiaries operate 89 branch offices located in 31 states and work with approximately 12,300 franchised automobile dealers across North America. AmeriCredit Corporation has approximately one million customers and $11 billion in managed auto loan receivables. As of the fiscal year ended June 30, 2005, AmeriCredit Corporation reported revenue of approximately $1.5 billion, net income of $285.9 million and stockholder equity of $2.1 billion. o BURLINGTON RESOURCES (rated "A3" by Moody's and "BBB+" by S&P) occupies 198,539 square feet (19.3% of square feet, 22.1% of rental income) under a 30-year lease expiring on June 30, 2013. Burlington Resources is a holding company that is engaged in the exploration, development, production and marketing of crude oil and natural gas in North America, Canada and other countries. As of the fiscal year ended December 31, 2004, Burlington Resources reported revenue of approximately $5.6 billion, net income of $1.5 billion and stockholder equity of $7.0 billion. o DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") (rated "Aaa" by Moody's and "AAA" by S&P) occupies 102,418 square feet (10.0% of square feet, 10.0% of rental income) under a 14-year lease expiring on September 30, 2013. HUD is the nation's housing agency committed to increasing national homeownership opportunities. In addition to expanding home ownership, HUD's mission is to provide capital and resources to improve economic conditions in distressed communities, enforce the nation's fair housing laws and increase access to affordable rental housing. o PRACTITIONERS PUBLISHING COMPANY ("PPC") (not rated) occupies 81,516 square feet (7.9% of square feet, 7.5% of rental income) under a ten-year lease expiring on May 31, 2011. There are two five-year options to renew the lease. PPC provides on-line and traditional publications to tax and accounting professionals. PPC is a subsidiary of The Thomson Corporation (rated "A3" by Moody's and "A-" by S&P), a global provider of integrated information solutions to business and professional clients. As of the fiscal year ended December 31, 2004, The Thomson Corporation reported revenue of approximately $8.1 billion, net income of $1.0 billion and stockholder equity of $9.5 billion. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 39 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION BURNETT PLAZA - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The Burnett Plaza Mortgage Loan is a $114.2 million, ten-year fixed rate loan secured by a first mortgage on an office building located in Fort Worth, Tarrant County, Texas. The Burnett Plaza Mortgage Loan is interest only for the first three years of the loan term, matures on April 1, 2015, and accrues interest at an annual rate, rounded to three decimal places, of 5.016%. THE BORROWER: o The Burnett Plaza Borrower is Burnett Plaza Associates, L.P., a Delaware limited partnership and a single purpose bankruptcy remote entity for which the Burnett Plaza Borrower's legal counsel has delivered a non-consolidation opinion. Equity ownership is held 0.1% by Burnett Plaza Associates GP, LLC, a Delaware limited liability company, as the general partner and 99.9% by Prentiss Properties Acquisition Partners, L.P., a Delaware limited partnership, as the limited partner. Prentiss Properties Acquisition Partners, L.P. is an affiliate of Prentiss Properties Trust, a Maryland Real Estate Investment Trust. o Prentiss Properties Trust ("Prentiss") (NYSE: "PP"), a real estate investment trust, engages in the acquisition, ownership, management, leasing and development of office and industrial properties. Prentiss also provides administrative services, such as accounting, tax and legal, as well as management and maintenance services. Founded in 1987 and headquartered in Dallas, Texas, Prentiss owns properties in California, Texas, Illinois, Colorado and Washington, D.C. As of December 31, 2004, Prentiss owned interest in a portfolio of 133 office and suburban industrial properties totaling approximately 18.4 million square feet. As of the fiscal year ended December 31, 2004, Prentiss reported revenue of approximately $370.7 million, net income of $62.4 million and stockholder equity of $943.6 million. It is anticipated that Prentiss will be acquired by Brandywine Realty Trust and that Brandywine Realty Trust will transfer the Burnett Plaza Mortgaged Property to Behringer Harvard Funds, which would assume the Burnett Plaza Mortgage Loan. THE PROPERTY: o The Burnett Plaza Mortgaged Property consists of a fee simple interest in a Class "A" office building built in 1983. The improvements, situated on two non-contiguous parcels totaling 2.20 acres, consist of a 40-story office building totaling 1,028,027 net rentable square feet and an nine-story concrete parking garage containing 1,205 parking spaces. o The Burnett Plaza Mortgaged Property is located in the central business district of Fort Worth, Texas, approximately 32 miles west of Dallas, Texas. This central business district is the largest of seven submarkets in the Fort Worth area and contains 12.5 million square feet, of which 5.6 million square feet is considered to be Class "A". The Burnett Plaza Mortgaged Property is located within 1 mile of Interstates 35 and 30, the major north/south and east/west thoroughfares to the region. o The Burnett Plaza Borrower is generally required at its sole cost and expense to keep the Burnett Plaza Mortgaged Property insured against loss or damage by fire and other risks addressed by coverage of a comprehensive all risk insurance policy. PROPERTY MANAGEMENT: o Prentiss Properties Management, L.P. manages the Burnett Plaza Mortgaged Property. Prentiss Properties Management, L.P., a borrower related entity, currently manages 133 office and industrial properties totaling approximately 18.4 million square feet located throughout the United States, with ten properties totaling approximately 4.9 million square feet located in the immediate market area. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o The Burnett Plaza Borrower is permitted to incur mezzanine financing upon the satisfaction of the following terms and conditions including, without limitation (i) a qualified financial institution originates and at all times holds the permitted mezzanine loan; (ii) the permitted mezzanine loan is secured solely by a pledge of the permitted borrower's equity interests in the Burnett Plaza Borrower; (iii) the mezzanine lender extending the mezzanine financing executes a subordination and intercreditor agreement satisfactory to the mortgagee; (iv) the aggregate principal amount of such mezzanine financing will not exceed an amount which, when combined with the outstanding principal balance of the Burnett Plaza Mortgage Loan, will result in an loan-to-value ratio greater than 75% or in a debt service coverage ratio less than 1.05x, each as determined by the mortgagee based upon its standard underwriting criteria; and (v) the mortgagee will receive confirmation from the rating agencies that such mezzanine financing will not result in a downgrade, withdrawal or qualification of any ratings issued, or to be issued, in connection with a securitization involving the Burnett Plaza Mortgage Loan. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 40 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION BURNETT PLAZA - -------------------------------------------------------------------------------- [MAP OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 41 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION PARAMUS PARK MALL - -------------------------------------------------------------------------------- [PHOTOS OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 42 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION PARAMUS PARK MALL - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS PARAMUS PARK MALL - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL PRINCIPAL BALANCE: $110,000,000 FIRST PAYMENT DATE: November 1, 2005 TERM/AMORTIZATION: 120/360 months MATURITY DATE: October 1, 2015 EXPECTED MATURITY BALANCE: $90,241,616 BORROWING ENTITY: Paramus Park Shopping Center Limited Partnership INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 114 payments Open: 6 payments LOCKBOX: Hard - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $109,743,317 SHADOW RATING (MOODY'S/S&P): Baa3/BBB+ CUT-OFF DATE LTV: 58.7% MATURITY DATE LTV: 48.3% UNDERWRITTEN DSCR: 1.82x MORTGAGE RATE: 4.864% - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Retail PROPERTY SUB TYPE: Anchored LOCATION: Paramus, New Jersey YEAR BUILT/RENOVATED: 1974/2001 NET RENTABLE SQUARE FEET: 312,198 CUT-OFF BALANCE PSF: $352 OCCUPANCY AS OF 09/16/2005: 96.2% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: General Growth Properties, Inc. U/W NET CASH FLOW: $12,711,802 APPRAISED VALUE: $187,000,000 - -------------------------------------------------------------------------------- The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 43 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION PARAMUS PARK MALL - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR TRAILING 12 (12/31/2003) (12/31/2004) (06/30/2005) UNDERWRITTEN ------------ ------------ ------------ ------------ Effective Gross Income ............. $21,572,222 $21,925,868 $21,714,774 $22,118,312 Total Expenses ..................... $ 8,276,999 $ 8,298,235 $ 8,399,778 $ 8,887,019 Net Operating Income (NOI) ......... $13,295,223 $13,627,633 $13,314,996 $13,231,293 Cash Flow (CF) ..................... $10,896,029 $12,589,825 $13,314,996 $12,711,802 DSCR on NOI ........................ 1.91x 1.95x 1.91x 1.90x DSCR on CF ......................... 1.56x 1.80x 1.91x 1.82x TENANT INFORMATION(1) RATINGS TOTAL % OF RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS MOODY'S/S&P TENANT SF TOTAL SF PSF RENT RENT EXPIRATION - ----------- ----------- --------- -------- ------ ---------- ----------- ---------- Foot Locker ............. Ba2/BB+ 19,734 6.3% $25.00 $ 493,350 4.4% 01/31/2009 Old Navy ................ Baa3/BBB- 16,000 5.1 $15.00 240,000 2.1 07/31/2010 Gap-Gap Kids-Baby Gap ... Baa3/BBB- 14,338 4.6 $57.36 822,428 7.3 05/31/2009 ------ ---- ---------- ---- TOTAL ................... 50,072 16.0% $1,555,778 13.7% (1) Information obtained from underwritten rent roll except for Ratings (Moody's/S&P) and unless otherwise stated. Credit Ratings are of the parent company whether or not the parent guarantees the lease. Calculations with respect to Rent PSF, Potential Rent and % of Potential Rent include base rent only and exclude common area maintenance and reimbursements. LEASE ROLLOVER SCHEDULE(1) # OF LEASES EXPIRING % OF CUMULATIVE CUMULATIVE BASE RENT YEAR OF EXPIRATION EXPIRING SF TOTAL SF TOTAL SF % OF TOTAL SF EXPIRING - ------------------ ----------- -------- -------- ---------- ------------- ---------- 2005 ............. 1 1,308 0.4% 1,308 0.4% $ 36,624 2006 ............. 13 33,179 10.6 34,487 11.0% $1,181,184 2007 ............. 14 15,020 4.8 49,507 15.9% $ 906,547 2008 ............. 13 24,063 7.7 73,570 23.6% $1,195,576 2009 ............. 11 57,474 18.4 131,044 42.0% $2,139,787 2010 ............. 15 62,714 20.1 193,758 62.1% $1,908,768 2011 ............. 7 14,834 4.8 208,592 66.8% $ 559,383 2012 ............. 12 25,551 8.2 234,143 75.0% $1,011,302 2013 ............. 7 27,284 8.7 261,427 83.7% $ 815,609 2014 ............. 4 9,316 3.0 270,743 86.7% $ 288,236 2015 ............. 7 23,211 7.4 293,954 94.2% $ 715,349 2016 ............. 2 9,192 2.9 303,146 97.1% $ 221,660 MTM .............. 2 3,703 1.2 306,849 98.3% $ 93,176 Vacant ........... -- 5,349 1.7 312,198 100.0% $ 267,450 --- ------- ----- TOTAL ............ 108 312,198 100.0% (1) Information obtained from underwritten rent roll. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 44 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION PARAMUS PARK MALL - -------------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT TENANTS The three largest tenants, representing 16.0% of the total net rentable square feet, are: o FOOT LOCKER (rated "Ba2" by Moody's and "BB+" by S&P) occupies 19,734 square feet (6.3% of square feet, 4.4% of rental income) under a ten-year lease expiring on January 31, 2009. The rental rate per square foot of $25.00 remains constant during the remaining initial lease term. Foot Locker is also required to pay percentage rent equal to the amount by which 6% of sales exceeds $417 per square foot. Foot Locker together with its subsidiaries, operates as the retailer of athletic footwear and apparel. Foot Locker operates through two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment features athletic footwear, apparel, and accessories under various brand names for running, basketball, hiking, tennis, aerobics, fitness, baseball, football and soccer. The Direct-to-Customers segment reflects Footlocker.com, Inc., which sells footwear, apparel, equipment and team licensed private-label merchandise to customers through catalogs and the internet. Foot Locker operates 3,967 primarily mall-based stores in the United States, Canada, Europe and the Asia Pacific region. Foot Locker employs approximately 16,500 people. As of the fiscal year ended January 29, 2005, Foot Locker reported revenue of approximately $5.4 billion, net income of $293.0 million and stockholder equity of $1.8 billion. o OLD NAVY (rated "Baa3" by Moody's and "BBB-" by S&P) occupies 16,000 square feet (5.1% of square feet, 2.1% of rental income) under a 12-year lease expiring on July 31, 2010. The current rental rate per square foot of $15.00 increases to $18.00 on August 1, 2006. Old Navy is also required to pay percentage rent equal to the amount by which 2% of sales exceeds $750 per square foot, increasing to $900 per square foot on August 1, 2006. Old Navy sells retail clothing and accessories. Old Navy operates 889 stores in the United States and Canada. Old Navy is an operating division of The Gap Inc. o GAP/GAP KIDS/BABY GAP ("The Gap") (rated "Baa3" by Moody's and "BBB-" by S&P) occupies 14,338 square feet (4.6% of square feet, 7.3% of rental income) under a seven-year lease expiring on May 31, 2009. The current rental rate per square foot of $57.36 increases annually by 1.5%. There is one eight-year option to renew the lease with the rental rate per square foot increasing annually by 1.5%. The Gap is also required to pay percentage rent equal to the amount by which 6% of sales exceeds $900 per square foot. The Gap is a global specialty retailer selling casual apparel, accessories and personal care products for men, women and children under The Gap, Banana Republic, Old Navy, and Forth & Towne brand names. The Gap operates 3,050 stores in the United States, Canada, United Kingdom, France and Japan and employs approximately 152,000 people. As of the fiscal year ended January 29, 2005, The Gap reported revenue of approximately $16.3 billion, net income of $1.2 billion and stockholder equity of $4.9 billion. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 45 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION PARAMUS PARK MALL - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The Paramus Park Mall Mortgage Loan is a $110.0 million, ten-year fixed rate loan secured by a first mortgage on an enclosed regional mall located in Paramus, Bergen County, New Jersey. The Paramus Park Mall Mortgage Loan matures on October 1, 2015 and accrues interest at an annual rate of 4.864%. THE BORROWER: o The Paramus Park Mall Borrower is Paramus Park Shopping Center Limited Partnership, a New Jersey limited partnership and single purpose bankruptcy remote entity with at least two independent directors for which the Paramus Park Mall Borrower's counsel has delivered a non-consolidation opinion. Equity ownership is held 1% by Paramus Park, Inc., a Maryland corporation, as the general partner of the Paramus Park Mall Borrower, 49.75% by Hexalon Real Estate, Inc., a Delaware corporation, and 49.25% by Paramus Equities, Inc., a Texas corporation. Through a series of intermediate ownership levels, equity ownership is eventually held by General Growth Properties, Inc., a Delaware corporation and the sponsor of the Paramus Park Mall Mortgage Loan. o Founded in 1954, General Growth Properties, Inc. (NYSE: "GGP"), a publicly traded real estate investment trust, is primarily engaged in the ownership, operation, management, leasing, acquisition, development and expansion of regional malls and community shopping centers located in the United States. General Growth Properties, Inc. is the second largest owner/operator and the largest third party property manager of regional malls in the country. General Growth Properties, Inc., either directly or indirectly through limited partnerships and subsidiaries, owns and/or manages more than 200 retail properties located in 44 states containing approximately 200 million square feet and housing 24,000 tenants, numbers that continue to grow through development, expansion and acquisition. As of the fiscal year ended December 31, 2004, General Growth Properties, Inc. reported revenue of approximately $1.8 billion, net income of $267.9 million and stockholder equity of $2.1 billion. THE PROPERTY: o The Paramus Park Mall Mortgaged Property consists of a fee simple interest in a one and two-story regional mall built in 1974 and most recently renovated in 2001. The mall is anchored by Macy's and Sears, both of which are separately owned, non-collateral shadow anchor tenants. The collateral improvements consist of the in-line portion of the mall containing 312,198 gross leasable square feet and situated on 33.5 acres. The improvements are currently occupied by more than 100 tenants ranging in size from 60 (kiosk) to 19,734 square feet. Tenants in excess of 5,000 square feet include Foot Locker, Old Navy, The Gap, Fortunoff, Abercrombie & Fitch, Express Women's, H&M, The Disney Store, Charlotte Russe, Lane Bryant, The Avenue, Waldenbooks, Victoria's Secret, Ann Taylor Loft, New York & Company, Hollister Co., Hallmark and Pacific Grill. o The Paramus Park Mall Mortgaged Property is located in Northern New Jersey approximately 20 miles northwest of New York City. The market is considered to be one of the most densely populated retail markets in the United States containing approximately 18.7 million square feet. o The Paramus Park Mall Borrower is generally required at its sole cost and expense to keep the Paramus Park Mall Mortgaged Property insured against loss or damage by fire and other risks addressed by coverage of a comprehensive all risk insurance policy. PROPERTY MANAGEMENT: o General Growth Management, Inc. manages the Paramus Park Mall Mortgaged Property. General Growth Management, Inc., founded in 1954 and headquartered in Chicago, IL currently manages more than 200 retail properties located in 44 states containing approximately 200 million square feet and housing 24,000 tenants. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 46 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION PARAMUS PARK MALL - -------------------------------------------------------------------------------- FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o The Paramus Park Mall Borrower is permitted to incur mezzanine financing only upon the satisfaction of the following terms and conditions including, without limitation, (a) no event of default has occurred and is continuing; (b) a permitted mezzanine lender originates such mezzanine financing; (c) the mezzanine lender will have executed an intercreditor agreement in form and substance acceptable to the rating agencies and reasonably satisfactory to the mortgagee; (d) the amount of such mezzanine loan will not exceed an amount which, when added to the outstanding principal balance of the Paramus Park Mall Mortgage Loan, results in a maximum loan-to-value ratio (based on a then current appraisal reasonably acceptable to the mortgagee) greater than 75% and a minimum debt service coverage ratio less than 1.25x (on an actual basis); (e) the mezzanine loan will be secured by an equity pledge encumbering direct and indirect ownership interests in the Paramus Park Mall Borrower (and will not be secured by any other collateral); and (f) the mortgagee will receive confirmation from the rating agencies that such mezzanine financing will not result in a downgrade, withdrawal or qualification of any ratings issued, or to be issued, in connection with a securitization involving the Paramus Park Mall Mortgage Loan. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 47 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION PARAMUS PARK MALL - -------------------------------------------------------------------------------- [MAP OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 48 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION OMNI HOTEL - SAN DIEGO - -------------------------------------------------------------------------------- [PHOTOS OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 49 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION OMNI HOTEL - SAN DIEGO - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS OMNI HOTEL - SAN DIEGO - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL PRINCIPAL BALANCE: $105,000,000 FIRST PAYMENT DATE: June 1, 2005 TERM/AMORTIZATION: 120/360 months INTEREST ONLY PERIOD: 48 months MATURITY DATE: May 1, 2015 EXPECTED MATURITY BALANCE: $96,195,944 BORROWING ENTITY: San Diego Ballpark Hotel Company LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 114 payments Open: 6 payments UP-FRONT RESERVES: TAX RESERVE: Yes IMMEDIATE REPAIR RESERVE: $1,350,000 OTHER RESERVE(1): $2,000,000 ONGOING MONTHLY RESERVES: TAX RESERVE: Yes LOCKBOX: Hard - -------------------------------------------------------------------------------- (1) Chilled water reserve. - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $105,000,000 SHADOW RATING (MOODY'S/S&P): NR/BBB- CUT-OFF DATE LTV: 61.0% MATURITY DATE LTV: 55.9% UNDERWRITTEN DSCR: 2.16x MORTGAGE RATE(1): 5.651% - -------------------------------------------------------------------------------- (1) Interest rate rounded to three decimal places. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Hotel PROPERTY SUB TYPE: Full Service LOCATION: San Diego, California YEAR BUILT/RENOVATED: 2004/NAP NUMBER OF KEYS: 511 CUT-OFF BALANCE PER KEY: $205,479 OCCUPANCY AS OF 10/07/2005: 81.3% OWNERSHIP INTEREST: Fee/Leasehold PROPERTY MANAGEMENT: Omni Hotels Management Corporation U/W NET CASH FLOW: $15,742,701 APPRAISED VALUE: $172,000,000 - -------------------------------------------------------------------------------- The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 50 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION OMNI HOTEL - SAN DIEGO - -------------------------------------------------------------------------------- FINANCIAL INFORMATION TRAILING 12 (08/31/2005) UNDERWRITTEN ------------ ------------ Effective Gross Income ........................... $34,486,898 $39,649,989 Total Expenses ................................... $19,992,230 $22,321,288 Net Operating Income (NOI) ....................... $14,494,668 $17,328,701 Cash Flow (CF) ................................... $14,621,389 $15,742,701 DSCR on NOI ...................................... 1.99x 2.38x DSCR on CF ....................................... 2.01x 2.16x OPERATIONAL STATISTICS TRAILING 12 (08/31/2005) UNDERWRITTEN ------------ ------------ Average Daily Rate (ADR) ......................... $193.94 $196.37 Occupancy ........................................ 70.7% 81.3% RevPAR ........................................... $137.12 $159.59 Penetration Rate ................................. 96.3% 112.0% The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 51 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION OMNI HOTEL - SAN DIEGO - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The Omni Hotel - San Diego Mortgage Loan is a $105 million, ten-year fixed rate loan secured by a first mortgage on a full-service hotel located in San Diego, San Diego County, California. The Omni Hotel - San Diego Mortgage Loan is interest only for the first four years of the loan term, matures on May 1, 2015, and accrues interest at an annual rate, rounded to three decimal places, of 5.651%. THE BORROWER: o The Omni Hotel - San Diego Borrower is San Diego Ballpark Hotel Company LLC a Delaware limited liability company and a single purpose bankruptcy remote entity for which a non-consolidation opinion has been provided by the Omni Hotel - San Diego Borrower's counsel. Equity ownership is held 50% by Omni San Diego Corporation and 50% by JMIR Investments LLC. Omni San Diego Corporation is 100% owned by Omni Hotels Corporation. JMIR Investments LLC is 100% owned by the John Jay Moores and Rebecca Ann Moores Family Trust. o JMI Services, Inc., owned by John Jay Moores and family, is an investment management company of the Moores family that was established by John Jay Moores in 1992. JMI Realty, the real estate investment subsidiary of JMI Services, is the developer of the Ballpark District, a 26-block area surrounding PETCO Park, home of the San Diego Padres, which is adjacent to the Omni Hotel - San Diego Mortgaged Property. JMI Realty manages a diversified real estate investment portfolio valued in excess of $700 million. John Jay Moores, a philanthropist and owner of the San Diego Padres, founded BMC Software, a business-to-business software company, in 1994. THE PROPERTY: o The Omni Hotel - San Diego Mortgaged Property consists of a fee and leasehold interest in a full-service hotel constructed in 2004. The improvements consist of a 36-story building containing a 511-room Omni Hotel and 32 residential condominiums situated on 0.97 acres. The hotel rooms are located on floors 1-21 and the residential condominiums which are not part of the collateral, are located on floors 22-34. o The Omni Hotel - San Diego's room mix consists of 257 king, 221 double/double, 14 junior suites, 13 one-bedroom suites, 2 two-bedroom suites and 4 hospitality suites. Guest amenities include 27,452 square feet of flexible meeting space, a 285-seat full-service restaurant, a coffee bar and gift shop, an outdoor pool and whirlpool, a fitness room and business center and 349 parking garage spaces. o The Omni Hotel Mortgaged Property is located in the downtown San Diego market and the Marina District submarket adjacent to PETCO Park, home of the San Diego Padres, and the recently expanded San Diego Convention Center. o The Omni Hotel - San Diego Borrower is generally required at its sole cost and expense to keep the Omni Hotel - San Diego Mortgaged Property insured against loss or damage by fire and other risks addressed by coverage of a comprehensive all risk insurance policy. PROPERTY MANAGEMENT: o Omni Hotel Management Corporation manages the Omni Hotel - San Diego Mortgaged Property. Omni Hotel Management Corporation, a 30-year old privately owned company, currently manages 38 hotels containing approximately 14,500 rooms located throughout the United States, Canada and Mexico. Omni Hotel Management Corporation employs approximately 8,100 people. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 52 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION OMNI HOTEL - SAN DIEGO - -------------------------------------------------------------------------------- FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o The Omni Hotel - San Diego Borrower is permitted to incur mezzanine financing only upon the satisfaction of the following terms and conditions including, without limitation, (a) no event of default has occurred and is continuing; (b) the mezzanine lender will have executed a subordination and intercreditor agreement reasonably satisfactory to the mortgagee; (c) the amount of such mezzanine loan will not exceed an amount which, when added to the outstanding principal balance of the Omni Hotel - San Diego Mortgage Loan results in a maximum loan-to-value ratio (based on a then current appraisal reasonably acceptable to the mortgagee) greater than 65% and a minimum debt service coverage ratio less than 1.10x; (d) the mezzanine loan will be secured by an equity pledge encumbering direct and indirect ownership interests in the Omni Hotel - San Diego Borrower (and will not be secured by any other collateral); (e) the mezzanine lender will at all times comply with standard rating agency criteria for a qualified transferee; (f) all documents and instruments evidencing or securing the mezzanine loan will be in form and substance reasonably satisfactory to the mortgagee; and (g) the mortgagee will receive confirmation from the rating agencies that such mezzanine financing will not result in a downgrade, withdrawal or qualification of any ratings issued, or to be issued, in connection with a securitization involving the Omni Hotel - San Diego Mortgaged Property. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 53 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION OMNI HOTEL - SAN DIEGO - -------------------------------------------------------------------------------- [MAP OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 54 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION ODS TOWER - -------------------------------------------------------------------------------- [PHOTOS OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 55 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION ODS TOWER - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS ODS TOWER - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL PRINCIPAL BALANCE: $78,500,000 FIRST PAYMENT DATE: January 1, 2006 TERM/AMORTIZATION: 120/0 months INTEREST ONLY PERIOD: 120 months MATURITY DATE: December 1, 2015 EXPECTED MATURITY BALANCE: $78,500,000 BORROWING ENTITY: Morrison Street CF, LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 117 payments Open: 3 payments ONGOING MONTHLY RESERVES: REPLACEMENT RESERVE: $6,112 LOCKBOX: Hard - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $78,500,000 CUT-OFF DATE LTV: 67.1% MATURITY DATE LTV: 67.1% UNDERWRITTEN DSCR: 1.59x MORTGAGE RATE(2): 5.626% - -------------------------------------------------------------------------------- (1) The Interest rate rounded to three decimal places. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Office PROPERTY SUB TYPE: Central Business District LOCATION: Portland, Oregon YEAR BUILT/RENOVATED: 1999/NAP NET RENTABLE SQUARE FEET: 407,260 CUT-OFF BALANCE PSF: $193 OCCUPANCY AS OF 11/10/2005: 98.6% OWNERSHIP INTEREST: Fee(1) PROPERTY MANAGEMENT: Ashforth Pacific, Inc. U/W NET CASH FLOW: $7,105,984 APPRAISED VALUE: $117,000,000 - -------------------------------------------------------------------------------- (1) The ODS Tower purchased a pre-existing ground lease at the closing of such loan and now holds the entire fee simple estate in the ODS Tower Mortgaged Property. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 56 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION ODS TOWER - -------------------------------------------------------------------------------- FINANCIAL INFORMATION(1) FULL YEAR FULL YEAR FULL YEAR (12/31/2002) (12/31/2003) (12/31/2004) UNDERWRITTEN ------------ ------------ ------------ ------------ Effective Gross Income ........... $11,284,498 $11,313,417 $11,651,096 $11,216,245 Total Expenses ................... $ 4,235,581 $ 4,479,401 $ 4,507,185 $ 3,759,676 Net Operating Income (NOI) ....... $ 7,048,917 $ 6,834,016 $ 7,143,911 $ 7,456,569 Cash Flow (CF) ................... $ 7,048,917 $ 6,834,016 $ 7,143,911 $ 7,105,984 DSCR on NOI ...................... 1.57x 1.53x 1.60x 1.67x DSCR on CF ....................... 1.57x 1.53x 1.60x 1.59x (1) Historical financial information includes a ground lease payment by the prior owner. As the ODS Tower Borrower purchased the fee interest in the property the ground lease payment is no longer applicable. Historical ground lease payments are as follows: $843,072 (2002), $843,072 (2003) and $885,993 (2004). TENANT INFORMATION(1) RATINGS TOTAL % OF RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS MOODY'S/S&P TENANT SF TOTAL SF PSF RENT RENT EXPIRATION - ---------------------------------- ----------- --------- -------- ------ ---------- ----------- ---------- ODS Health Services .............. Not Rated 133,579 32.8% $19.18 $2,562,401 33.0% 06/30/2019 Lane Powell Spears ............... Not Rated 47,225 11.6 $19.54 922,649 11.9 10/07/2009 US General Services Administration ................ Aaa/AAA 41,403 10.2 $28.78 1,196,282 15.4 07/14/2009 Nordstrom, Inc. (Nordstrom Rack) ......................... Baa1/A- 33,369 8.2 $23.25 775,829 10.0 02/23/2017 ------- ---- ---------- ---- TOTAL ............................ 255,576 62.8% $5,457,161 70.3% (1) Information obtained from underwritten rent roll except for Ratings (Moody's/S&P) and unless otherwise stated. Credit Ratings are of the parent company whether or not the parent guarantees the lease. Calculations with respect to Rent PSF, Potential Rent and % Potential Rent include base rent only and exclude common area maintenance and reimbursements. LEASE ROLLOVER SCHEDULE(1) # OF LEASES EXPIRING % OF CUMULATIVE CUMULATIVE BASE RENT YEAR OF EXPIRATION EXPIRING SF TOTAL SF TOTAL SF % OF TOTAL SF EXPIRING - ------------------ ----------- -------- -------- ---------- ------------- ---------- 2006 ............. 5 2,432 0.6% 2,432 0.6% $ 55,208 2007 ............. 6 13,299 3.3 15,731 3.9% $ 159,819 2008 ............. 9 35,903 8.8 51,634 12.7% $ 708,343 2009 ............. 13 103,341 25.4 154,975 38.1% $2,226,995 2010 ............. 9 43,966 10.8 198,941 48.8% $ 832,382 2011 ............. 3 6,901 1.7 205,842 50.5% $ 83,134 2012 ............. 1 4,338 1.1 210,180 51.6% $ 54,225 2013 ............. 3 21,469 5.3 231,649 56.9% $ 208,293 2017 ............. 1 33,369 8.2 265,018 65.1% $ 775,829 2019 ............. 14 133,580 32.8 398,598 97.9% $2,563,301 2020 ............. 1 1,546 0.4 400,144 98.3% -- 2025 ............. 1 1,558 0.4 401,702 98.6% $ 29,602 Vacant ........... -- 5,558 1.4 407,260 100.0% $ 70,519 --- ------- ----- TOTAL ............ 66 407,260 100.0% (1) Information obtained from underwritten rent roll. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 57 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION ODS TOWER - -------------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT TENANTS The four largest tenants, representing 62.8% of the total net rentable square feet, are: o ODS HEALTH SERVICES ("ODS") (not rated) occupies 133,579 square feet of office (32.8% of square feet, 33.0% of rental income) under a 20-year lease expiring on June 30, 2019. The office space rental rate per square foot of $19.18 remains constant over the initial lease term. There are three five-year options to renew the lease with the rental rate per square foot determined at the then fair market. Founded in 1955, ODS is Oregon's oldest dental insurers. ODS offers a wide range of insurance products, including professional liability insurance, health insurance, and dental insurance. ODS also provides its customers with a variety of business services including dental practice management software and benefits administration. ODS is headquartered at the ODS Tower Mortgaged Property. ODS, a private not-for-profit company, is an affiliate of the Delta Dental Plans Association. o LANE POWELL SPEARS ("Lane Powell") (not rated) occupies 47,225 square feet of office (11.6% of square feet, 11.9% of rental income) under a ten-year lease expiring on October 7, 2009. The office space current rental rate per square foot of $19.54 increases annually by $0.50. There are two five-year options to renew the lease with the rental rate per square foot determined at 95% of the then fair market. Lane Powell is a law firm founded more than 125 years ago. Practice areas include administrative law, banking and financial services, construction, corporate finance, securities, mergers and acquisitions, initial public offerings, emerging companies and venture investment, environmental, healthcare, intellectual property and internet, international business and investment, international tax, natural resources and forest products, real estate, retail distribution and trade regulation, tax and estate planning, and transportation and utilities. Lane Powell employs 170 attorneys located in three states (Washington, Alaska and Oregon) and in London, England. o US GENERAL SERVICES ADMINISTRATION ("GSA") (rated "Aaa" by Moody's and "AAA" by S&P) leases a total of 41,403 square feet of office (10.2% of square feet, 15.4% of rental income) on behalf of three federal agencies under five leases of various terms expiring from April 1, 2006 to March 1, 2010. The Social Security Administration occupies 21,540 square feet under a ten-year lease expiring on July 14, 2009. The office space rental rate per square foot of $30.60 remains constant over the lease term. The Teleservices Division occupies 14,180 square feet under a ten-year lease expiring on January 31, 2010. The rental rate per square foot of $27.00 remains constant over the lease term. The National Labor Relations Board occupies 5,601 square feet under a ten-year lease expiring on March 31, 2010. The rental rate per square foot of $26.46 remains constant over the lease renewal period. o NORDSTROM RACK (NYSE: "JWN") (rated "Baa1" by Moody's and "A-" by S&P") occupies 33,369 square feet of retail space (8.2% of square feet, 10.0% of rental income) under a 12-year lease expiring on February 23, 2017. The current rental rate per square foot of $23.25 increases to $25.25 in 2011 and $27.25 in 2016. There is one ten-year option to renew the lease with the rental rate per square foot commencing at $27.25 and increasing to $29.25 in the fifth year of the lease renewal period. Nordstrom Rack is also required to pay percentage rent equal to the amount by which 2% of sales exceeds $15,000,000 ($450 per square foot). Nordstrom Rack is a fashion specialty retailer offering a large selection of apparel, shoes and accessories for men, women and children. Nordstrom operates 95 full-line Nordstrom stores, 49 Nordstrom Rack stores, five Faconnable boutiques, one freestanding shoe store and two clearance stores in the United States and 32 Faconnable boutiques in Europe. Nordstrom Rack employs approximately 50,000 people. As of the fiscal year ended January 29, 2005, Nordstrom reported revenue of approximately $7.1 billion, net income of $393.5 million and stockholder equity of $1.8 billion. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 58 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION ODS TOWER - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The ODS Tower Mortgage Loan is a $78.5 million, ten-year fixed rate loan secured by a first mortgage on an office building located in Portland, Multnomah County, Oregon. The ODS Tower Mortgage Loan is interest only for the entire loan term, matures on December 1, 2015 and accrues interest at an annual rate, rounded to three decimal places, of 5.626%. THE BORROWER: o The ODS Tower Borrower is Morrison Street CF, LLC, a Delaware limited liability company and a single purpose bankruptcy remote entity with at least two independent directors for which the ODS Tower Borrower's legal counsel has delivered a non-consolidation opinion. Equity ownership is held 100% by Morrison Street CF Owner, LLC, a Delaware limited liability company. Through a series of intermediate ownership levels, equity ownership is eventually held 90% by Core Portland Trust, a Maryland business trust, and 10% by Ashforth Capital, LLC. o The General Electric Pension Trust has $47 billion in assets and $2.8 billion invested in commercial real estate. Its advisor is GE Asset Management ("GEAM"), a wholly owned subsidiary of the General Electric Company. GEAM currently manages investment funds in excess of $200 billion. GEAM and affiliated entities have been managing investments for General Electric's employee pension and benefit plans since the 1920's. THE PROPERTY: o The ODS Tower Mortgaged Property consists of a fee simple interest in a Class "A" office building situated on 0.90 acres and constructed in 1999. The improvements consist of a 23-story office building containing 359,746 square feet of office space (floors 7-24), a five-story parking garage containing 385 parking spaces (floors 1-6), and 47,514 square feet of retail and storage space located on the ground floor and basement floor. o The ODS Tower Mortgaged Property is currently occupied by 22 office tenants ranging in size from 1,003 to 133,579 square feet and three retail tenants ranging in size from 110 to 33,369 square feet. o The ODS Tower Mortgaged Property is well located in the central business district of Portland, Oregon two blocks west of the Willamette River which is the eastern boundary of the central business district. The location provides tenants with desirable river views and access to the Morrison Street Bridge, which provides access to Interstate 5, a north-south arterial providing access to Seattle, Washington to the North and California to the South. The central business district contains approximately 20 million square feet, of which approximately 10 million square feet is Class "A". o The ODS Tower Borrower is generally required at its sole cost and expense to keep the ODS Tower Mortgaged Property insured against loss or damage by fire and other risks addressed by coverage of a comprehensive all risk insurance policy. PROPERTY MANAGEMENT: o Ashforth Pacific, Inc. manages the ODS Tower Mortgaged Property. Founded in 1896, Ashforth Pacific is a diversified real estate firm that owns, develops, and manages assets on the east and west coasts. Ashforth Pacific currently manages 60 office buildings containing a total of approximately 8.5 million square feet, of which four office buildings containing a total of approximately 1.0 million square feet are located in the Portland area. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None. FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o Not Allowed. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 59 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION ODS TOWER - -------------------------------------------------------------------------------- [MAP OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 60 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION 2001 K STREET - -------------------------------------------------------------------------------- [PHOTOS OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 61 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION 2001 K STREET - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS 2001 K STREET - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL PRINCIPAL BALANCE: $67,000,000 FIRST PAYMENT DATE(1): January 1, 2006 TERM/AMORTIZATION: 120/360 months INTEREST ONLY PERIOD(1): 1 month MATURITY DATE: January 1, 2016 EXPECTED MATURITY BALANCE: $55,864,478 BORROWING ENTITY: 2001 K LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 117 payments Open: 4 payments UP-FRONT RESERVES: TAX/INSURANCE RESERVE: Yes IMMEDIATE REPAIR RESERVE: $438,926 ONGOING MONTHLY RESERVES: TAX/INSURANCE RESERVE: Yes REPLACEMENT RESERVE: $3,726 LOCKBOX: Hard - -------------------------------------------------------------------------------- (1) The one month Interest Only Period represents the Mortgage Loan seller's funding of an account in an amount equal to one month's interest on the 2001 K Street Mortgage Loan due to the first payment date under the related loan documents of February 1, 2006. - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $67,000,000 SHADOW RATING (MOODY'S/S&P): Baa3/BBB+ CUT-OFF DATE LTV: 46.2% MATURITY DATE LTV: 38.5% UNDERWRITTEN DSCR: 1.78x MORTGAGE RATE: 5.380% - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Office PROPERTY SUB TYPE: Central Business District LOCATION: Washington, D.C. YEAR BUILT/RENOVATED: 2000/NAP NET RENTABLE SQUARE FEET: 235,311 CUT-OFF BALANCE PSF: $285 OCCUPANCY AS OF 09/30/2005: 99.0% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: Cushman & Wakefield of Washington D.C., Inc. U/W NET CASH FLOW: $8,039,581 APPRAISED VALUE: $145,000,000 - -------------------------------------------------------------------------------- The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 62 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION 2001 K STREET - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR FULL YEAR (12/31/2002) (12/31/2003) (12/31/2004) UNDERWRITTEN ------------ ------------ ------------ ------------ Effective Gross Income ....... $12,508,478 $12,532,258 $12,484,530 $13,476,454 Total Expenses ............... $ 4,288,836 $ 4,254,978 $ 4,496,910 $ 4,986,058 Net Operating Income (NOI) ... $ 8,219,642 $ 8,277,280 $ 7,987,620 $ 8,490,396 Cash Flow (CF) ............... $ 8,219,642 $ 8,277,280 $ 7,987,620 $ 8,039,581 DSCR on NOI .................. 1.82x 1.84x 1.77x 1.88x DSCR on CF ................... 1.82x 1.84x 1.77x 1.78x TENANT INFORMATION(1) RATINGS TOTAL % OF RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS MOODY'S/S&P TENANT SF TOTAL SF PSF RENT RENT EXPIRATION - ---------------------------------- ----------- --------- -------- ------ ---------- ----------- ---------- Clifford Chance US LLP ........... Not Rated 101,464 43.1% $40.20 $4,079,314 46.2% 07/31/2015 Ross, Dixon & Bell ............... Not Rated 49,120 20.9 $33.77 1,658,550 18.8 12/31/2010 Corporate Executive Board, Inc. .. Not Rated 41,768 17.8 $39.72 1,659,013 18.8 07/31/2008 Bates, White & Ballentine ........ Not Rated 20,862 8.9 $30.31 632,288 7.2 04/30/2006 ------- ---- ---------- ---- TOTAL ............................ 213,214 90.6% $8,029,165 91.0% (1) Information obtained from underwritten rent roll except for Ratings (Moody's/S&P) and unless otherwise stated. Credit Ratings are of the parent company whether or not the parent guarantees the lease. Calculations with respect to Rent PSF, Potential Rent and % Potential Rent include base rent only and exclude common area maintenance and reimbursements. LEASE ROLLOVER SCHEDULE(1) # OF LEASES EXPIRING % OF CUMULATIVE CUMULATIVE BASE RENT YEAR OF EXPIRATION EXPIRING SF TOTAL SF TOTAL SF % OF TOTAL SF EXPIRING - -------------------------- ----------- -------- -------- ---------- ------------- ---------- 2005 ..................... 1 3,466 1.5% 3,466 1.5% $ 97,525 2006 ..................... 1 20,862 8.9 24,328 10.3% $ 632,288 2007 ..................... 1 2,978 1.3 27,306 11.6% $ 110,474 2008 ..................... 2 46,207 19.6 73,513 31.2% $1,793,909 2010 ..................... 2 56,180 23.9 129,693 55.1% $1,902,874 2011 ..................... 1 4,154 1.8 133,847 56.9% $ 210,391 2015 ..................... 1 101,464 43.1 235,311 100.0% $4,079,314 --- ------- ----- TOTAL .................... 9 235,311 100.0% (1) Information obtained from underwritten rent roll. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 63 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION 2001 K STREET - -------------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT TENANTS The four largest tenants, representing 90.6% of the total net rentable square feet, are: o CLIFFORD CHANCE US LLP (not rated) occupies 101,464 square feet (43.1% of square feet, 46.2% of rental income) under a 15-year lease expiring on July 31, 2015. The current rental rate per square foot of $40.20 increases annually by 3%, except in 2011, when the increase is $2.50 per square foot. There are two five-year options to renew the lease with the rental rate per square foot determined at 95% of the then fair market. Clifford Chance US LLP is a law firm that advises financial institutions, commercial enterprises, and state and regulatory bodies on complex and critical legal issues. The company has 28 offices located in 19 countries throughout the Americas, Asia, Europe and the Middle East. o ROSS, DIXON & BELL (not rated) occupies 49,120 square feet (20.9% of square feet, 18.8% of rental income) under an 11-year lease expiring on December 31, 2010. The current rental rate per square foot of $33.77 increases to $36.77 in March 2006 and annually by 3% thereafter. There is one five-year option to renew the lease with the rental rate per square foot determined at 95% of the then fair market. Ross, Dixon & Bell, a law firm founded in 1983, specializes in litigation, insurance, employment, white collar criminal law, antitrust, real estate and business transactions. The firm serves a multitude of industries, including insurance, professional services, media, golf and real estate. Ross Dixon has offices in Washington, D.C., Orange County, San Diego and Chicago. o CORPORATE EXECUTIVE BOARD, INC. ("CEB") (not rated) occupies 41,768 square feet (17.8% of square feet, 18.8% of rental income) under a seven-year lease expiring on July 31, 2008. The current rental rate per square foot of $39.72 increases annually by 3%. Founded in 1979, CEB provides best practices research, decision support tools and executive education to corporations and not-for-profit institutions. Members include over 2,400 large corporations around the world. CEB employs approximately 1,400 people located in the Washington, D.C. and London offices. As of the fiscal year ended December 31, 2004, CEB reported revenue of approximately $280.7 million, net income of $53.7 million and stockholder equity of $327.5 million. o BATES, WHITE & BALLENTINE (not rated) occupies 20,862 square feet (8.9% of square feet, 7.2% of rental income) under a five-year lease expiring on April 30, 2006. The rental rate per square foot of $30.31 remains constant during the remaining lease term. Bates, White & Ballentine is a national consulting firm offering services in economics, finance and business analytics to leading law firms, Fortune 500 companies and government agencies. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 64 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION 2001 K STREET - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The 2001 K Street Mortgage Loan is a $67.0 million, ten-year fixed rate loan secured by a first mortgage on an office building located in Washington, D.C. The 2001 K Street Mortgage Loan matures on January 1, 2016 and accrues interest at an annual rate of 5.380%. THE BORROWER: o The 2001 K Street Borrower is 2001 K LLC, a Delaware limited liability company and a single purpose bankruptcy remote entity with at least two independent directors for which the 2001 K Street Borrower's legal counsel has delivered a non-consolidation opinion. Equity ownership is held by Bernard Spitzer and Anne Spitzer. o Bernard Spitzer currently owns nine residential properties containing over 500 units and over 250 condo and co-op units, as well as two office properties (New York City and Washington, D.C.) containing approximately 600,000 square feet. THE PROPERTY: o The 2001 K Street Mortgaged Property consists of a fee simple interest in a Class "A" office building built in 2000. The improvements situated on 0.55 acres consist of an 11-story office building containing 235,311 net rentable square feet and a subterranean parking garage containing 200 parking spaces. The 2001 K Street Mortgaged Property is currently occupied by nine tenants ranging in size from 2,978 to 101,464 square feet. o The 2001 K Street Mortgaged Property is located in the Washington, D.C. central business district which totals approximately 31,900,000 square feet of which approximately 5,700,000 square feet is considered to be Class "A". The 2001 K Mortgaged Property is one of 31 Class A office buildings in the market. o The 2001 K Street Borrower is generally required at its sole cost and expense to keep the 2001 K Street Mortgaged Property insured against loss or damage by fire and other risks addressed by coverage of a comprehensive all risk insurance policy. PROPERTY MANAGEMENT: o Cushman & Wakefield of Washington D.C., Inc. the property manager of the 2001 K Street Mortgaged Property. Cushman & Wakefield, founded in 1917, performs property management for approximately 5,500 properties totaling nearly 300 million square feet and has 160 offices in 50 countries. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None. FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o Not Allowed. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 65 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION 2001 K STREET - -------------------------------------------------------------------------------- [MAP OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 66 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION RIVER RANCH APARTMENTS - -------------------------------------------------------------------------------- [PHOTOS OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 67 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION RIVER RANCH APARTMENTS - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS RIVER RANCH APARTMENTS - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL PRINCIPAL BALANCE: $57,000,000 FIRST PAYMENT DATE: January 1, 2006 TERM/AMORTIZATION: 60/0 months INTEREST ONLY PERIOD: 60 months MATURITY DATE: December 1, 2010 EXPECTED MATURITY BALANCE: $57,000,000 BORROWING ENTITY: Park Sierra Properties II INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 57 payments Open: 3 payments UP-FRONT RESERVES: TAX RESERVE: Yes ONGOING MONTHLY RESERVES: TAX RESERVE: Yes REPLACEMENT RESERVE: $10,734 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $57,000,000 CUT-OFF DATE LTV: 64.8% MATURITY DATE LTV: 64.8% UNDERWRITTEN DSCR: 1.84x MORTGAGE RATE: 4.970% - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Multifamily PROPERTY SUB TYPE: Garden LOCATION: Canyon Country, California YEAR BUILT/RENOVATED: 1998/NAP NUMBER OF UNITS: 465 CUT-OFF BALANCE PER UNIT: $122,581 OCCUPANCY AS OF 10/14/2005: 96.1% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: Con Am Management Corporation U/W NET CASH FLOW: $5,281,312 APPRAISED VALUE: $88,000,000 - -------------------------------------------------------------------------------- The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 68 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION RIVER RANCH APARTMENTS - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR TRAILING 12 (12/31/2003) (12/31/2004) (08/31/2005) UNDERWRITTEN ------------ ------------ ------------ ------------ Effective Gross Income ...... $7,353,682 $7,204,586 $7,537,915 $7,546,125 Total Expenses .............. $1,782,098 $1,846,894 $1,904,996 $2,140,192 Net Operating Income (NOI) .. $5,571,584 $5,357,692 $5,632,919 $5,405,932 Cash Flow (CF) .............. $5,446,569 $5,135,850 $5,316,804 $5,281,312 DSCR on NOI ................. 1.94x 1.87x 1.96x 1.88x DSCR on CF .................. 1.90x 1.79x 1.85x 1.84x 1 BEDROOM 2 BEDROOM 3 BEDROOM --------- --------- --------- Number of Units ......... 36 267 162 Average Rent ............ $1,144 $1,405 $1,666 Average Unit Size (SF) .. 688 1,009 1,238 The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 69 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION RIVER RANCH APARTMENTS - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The River Ranch Apartments Mortgage Loan is a $57.0 million, five-year fixed rate loan secured by a first mortgage on a garden-style apartment complex located in Canyon Country, Los Angeles County, California. The River Ranch Apartments Loan is interest only for the entire loan term, matures on December 1, 2010 and accrues interest at an annual rate of 4.970%. THE BORROWER: o The River Ranch Apartments Borrower is Park Sierra Properties II, a California limited partnership and a single purpose bankruptcy remote entity with at least two independent directors for which the River Ranch Apartments Borrower's legal counsel has delivered a non-consolidation opinion. Equity ownership is held 1.0% by Park Sierra Properties II, Inc., a California corporation, as the general partner of the River Ranch Apartments Borrower, 89.0% by Geoffrey H. Palmer and 10.0% by Dan Saxon Palmer Jr., as the limited partners of the River Ranch Apartments Borrower. o Geoffrey H. Palmer has been active in developing multifamily properties since 1975. G.H. Palmer Associates currently owns a multifamily portfolio of more than 7,800 units located throughout southern California with an estimated net worth of over $1 billion. THE PROPERTY: o The River Ranch Apartments Mortgaged Property consists of a fee simple interest in a 465-unit, garden style apartment complex built in 1998. The improvements, situated on 21.19 acres, consist of 47 two and three-story buildings containing a total of 494,754 net rentable square feet. The unit mix is 36 one bedroom/one bathroom units, 12 two bedroom/two bathroom units, 255 two bedroom/two and one-half bathroom units, 81 three bedroom/two bathroom units and 81 three bedroom/two and a half bathroom units. o Each unit is equipped with a standard kitchen package consisting of a refrigerator, range/oven, dishwasher, disposal and microwave. Other unit amenities include a full-size washer/dryer and a patio/balcony. o The property is a gated-access community including a clubhouse with leasing office and fitness center, two pools with spa, and two playgrounds. There are 930 garage parking spaces and 350 surface parking spaces for a total of 1,280 spaces. o The River Ranch Apartments Mortgaged Property is located in southern California, approximately 30 miles northwest of downtown Los Angeles. The Los Angeles multifamily market contains approximately 742,000 units with an overall occupancy of 96.7%. The Santa Clarita Valley apartment submarket contains approximately 16,000 units with an overall occupancy of 95.0%. o The River Ranch Apartments Borrower is generally required at its sole cost and expense to keep the River Ranch Apartments Mortgaged Property insured against loss or damage by fire and other risks addressed by coverage of a comprehensive all risk insurance policy. PROPERTY MANAGEMENT: o The River Ranch Apartments Mortgaged Property is managed by Con Am Management Corporation. Con Am Management Corporation is a full service real estate management company and a subsidiary of the Con Am Group of Companies that was founded in 1975 and is headquartered in San Diego, California. Con Am Management Corporation currently manages a real estate portfolio consisting of approximately 45,000 multifamily units, which are valued at more than $2 billion CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 70 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION RIVER RANCH APARTMENTS - -------------------------------------------------------------------------------- FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o The River Ranch Apartments Borrower is permitted to incur on a one-time basis mezzanine financing secured by a pledge of direct or indirect equity interests in the River Ranch Apartments Borrower only upon the satisfaction of the following terms and conditions including, without limitation, (a) no event of default has occurred and be continuing; (b) the amount of such mezzanine loan will not exceed an amount which, when added to the outstanding principal balance of the River Ranch Apartments Mortgage Loan results in a maximum loan-to-value ratio (based on a then current appraisal reasonably acceptable to the mortgagee) greater than 70% and a minimum debt service coverage ratio less than 1.15x based on a constant of 9.25% and underwritten net income; (c) the loan term (including any extension terms) of the mezzanine loan will be co-terminus with or longer than the term of the River Ranch Apartments Mortgage Loan; (d) the holder of such mezzanine loan will at all times be an entity acceptable to the mortgagee (based on then current secondary market and rating agency criteria); (e) the mezzanine lender will have executed and delivered to the mortgagee a mezzanine intercreditor agreement in form and substance acceptable to the mortgagee; (f) the proceeds of such mezzanine loan will be used to make capital contributions to the River Ranch Apartments Borrower for the purpose of funding operations and/or capital expenditures at the River Ranch Apartments Mortgaged Property; and (g) the mortgagee will receive confirmation from the rating agencies that such mezzanine financing will not result in a downgrade, withdrawal or qualification of any ratings issued, or to be issued, in connection with a securitization involving the River Ranch Apartments Mortgage Loan. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 71 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-6 - -------------------------------------------------------------------------------- STRUCTURAL AND COLLATERAL INFORMATION RIVER RANCH APARTMENTS - -------------------------------------------------------------------------------- [MAP OMITTED] The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you e-mail a request to dg.prospectus_distribution@bofasecurities.com. The securities may not be suitable for all investors. Banc of America Securities LLC and the other Underwriters and their affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer. 72 (This Page Intentionally Left Blank)