Banc of America Merrill Lynch Commercial Mortgage
Filed: 5 Jun 06, 12:00am
FILED PURSUANT TO RULE 433 REGISTRATION STATEMENT NO.: 333-130755 STRUCTURAL AND COLLATERAL INFORMATION $2,452,793,000 (APPROXIMATE OFFERED CERTIFICATES) $2,699,084,458 (APPROXIMATE TOTAL COLLATERAL BALANCE) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 OFFERED CLASSES A-1, A-2, A-3, A-AB, A-4, A-1A, A-M, A-J, B AND C CERTIFICATES BANC OF AMERICA COMMERCIAL MORTGAGE TRUST 2006-2 ISSUING ENTITY BANK OF AMERICA, NATIONAL ASSOCIATION SPONSOR AND MORTGAGE LOAN SELLER BEAR STEARNS COMMERCIAL MORTGAGE, INC. SPONSOR AND MORTGAGE LOAN SELLER BARCLAYS CAPITAL REAL ESTATE INC. SPONSOR AND MORTGAGE LOAN SELLER BANK OF AMERICA, NATIONAL ASSOCIATION MASTER SERVICER LNR PARTNERS, INC. SPECIAL SERVICER JUNE 2006 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. SEE "IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES" IN THIS STRUCTURAL AND COLLATERAL INFORMATION. BANC OF AMERICA SECURITIES LLC BEAR, STEARNS & CO. INC. BARCLAYS CAPITAL ---------- GOLDMAN, SACHS & CO. MORGAN STANLEY RBS GREENWICH CAPITAL BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- 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., Goldman, Sachs & Co., Greenwich Capital Markets, 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- ---------- 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 333-130755. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. TABLE OF CONTENTS Transaction Structure Structure Overview .................................................... 3 Structure Schematic ................................................... 4 Transaction Terms ..................................................... 5 Contact Information ................................................... 8 Mortgage Pool Characteristics as of the Cut-off Date General Characteristics ............................................... 9 Property Type ......................................................... 10 Property Location ..................................................... 11 Mortgage Pool Characteristics ......................................... 12 Prepayment Provisions Based on Outstanding Principal Balance .......... 15 Ten Largest Mortgage Loans 181 West Madison Street ............................................... 18 Eastland Mall.......................................................... 25 Desert Passage ........................................................ 32 Bon-Ton Department Stores Portfolio ................................... 39 150 East 52nd Street. ................................................. 46 55 & 215 West 125th Street ............................................ 53 Faneuil Hall .......................................................... 61 Savannah Marriott ..................................................... 68 Embassy Suites Chicago ................................................ 73 Dominion Tower ........................................................ 78 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- STRUCTURE OVERVIEW - -------------------------------------------------------------------------------- OFFERED CERTIFICATES APPROX. EXPECTED CERTIFICATE % OF ASSUMED RATINGS BALANCE OR INITIAL APPROX. WEIGHTED PRINCIPAL FINAL ------------ NOTIONAL POOL CREDIT AVERAGE WINDOW DISTRIBUTION RATE CLASS FITCH/S&P(1) AMOUNT(2) BALANCE SUPPORT LIFE (YRS)(3) (MOS)(3) DATE(3) TYPE - ------------------------------------------------------------------------------------------------------------------------------- A-1(5) AAA / AAA $ 104,000,000 3.853% 30.000% 3.00 1 - 57 March 10, 2011 Fixed(4) A-2(5) AAA / AAA $ 68,600,000 2.542% 30.000% 4.84 57 - 60 June 10, 2011 Fixed(4) A-3(5) AAA / AAA $ 145,000,000 5.372% 30.000% 6.83 79 - 92 February 10, 2014 Fixed(4) A-AB(5) AAA / AAA $ 118,565,000 4.393% 30.000% 7.06 60 - 109 July 10, 2015 Fixed(4) A-4(5) AAA / AAA $1,269,250,000 47.025% 30.000% 9.64 109 - 119 May 10, 2016 Fixed(4) A-1A(5) AAA / AAA $ 183,944,000 6.815% 30.000% 8.68 1 - 119 May 10, 2016 Fixed(4) A-M AAA / AAA $ 269,908,000 10.000% 20.000% 9.90 119 - 120 June 10, 2016 Fixed(4) A-J AAA / AAA $ 215,927,000 8.000% 12.000% 9.97 120 - 120 June 10, 2016 Fixed(4) B AA / AA $ 50,608,000 1.875% 10.125% 9.97 120 - 120 June 10, 2016 Fixed(4) C AA- / AA- $ 26,991,000 1.000% 9.125% 9.97 120 - 120 June 10, 2016 Fixed(4) NON-OFFERED CERTIFICATES(6) APPROX. EXPECTED CERTIFICATE % OF ASSUMED RATINGS BALANCE OR INITIAL APPROX. WEIGHTED PRINCIPAL FINAL ------------ NOTIONAL POOL CREDIT AVERAGE WINDOW DISTRIBUTION RATE CLASS FITCH/S&P(1) AMOUNT(2) BALANCE SUPPORT LIFE (YRS)(3) (MOS)(3) DATE(3) TYPE - ------------------------------------------------------------------------------------------------------------------------------- D A / A $ 40,486,000 1.500% 7.625% 9.97 120 - 120 June 10, 2016 Fixed(4) E A- / A- $ 26,991,000 1.000% 6.625% 9.97 120 - 120 June 10, 2016 Fixed(4) F BBB+ / BBB+ $ 30,364,000 1.125% 5.500% 9.97 120 - 120 June 10, 2016 Fixed(4) G BBB / BBB $ 26,991,000 1.000% 4.500% 9.97 120 - 120 June 10, 2016 Fixed(4) H BBB- / BBB- $ 33,739,000 1.250% 3.250% 10.39 120 - 129 March 10, 2017 Fixed(4) J BB+ / BB+ $ 10,121,000 0.375% 2.875% 10.72 129 - 129 March 10, 2017 Fixed(4) K BB / BB $ 13,496,000 0.500% 2.375% 10.72 129 - 129 March 10, 2017 Fixed(4) L BB- / BB- $ 10,121,000 0.375% 2.000% 10.72 129 - 129 March 10, 2017 Fixed(4) M B+ / B+ $ 3,374,000 0.125% 1.875% 10.72 129 - 129 March 10, 2017 Fixed(4) N B / B $ 6,748,000 0.250% 1.625% 10.72 129 - 129 March 10, 2017 Fixed(4) O B- / B- $ 6,748,000 0.250% 1.375% 11.19 129 - 143 May 10, 2018 Fixed(4) P NR / NR $ 37,112,457 1.375% 0.000% 11.90 143 - 178 April 10, 2021 Fixed(4) XW AAA / AAA $2,699,084,457(7) N/A N/A (7) N/A N/A Variable Rate(7) (1) Ratings shown are those of Fitch Ratings 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 the 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, A-2, A-3, A-AB, A-4, A-1A, A-M, A-J, B, C, D, E, F, G, H, J, K, L, M, N, O and P 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) For purposes of making distributions to the Class A-1, A-2, A-3, A-AB, A-4 and A-1A Certificates, the pool of Mortgage Loans will be deemed to consist of two distinct loan groups, Loan Group 1 and Loan Group 2. Loan Group 1 will consist of 137 Mortgage Loans, representing approximately 93.2% of the aggregate principal balance of the pool of Mortgage Loans as of the Cut-off Date. Loan Group 2 will consist of 23 Mortgage Loans, representing approximately 6.8% of the aggregate principal balance of the pool of Mortgage Loans as of the Cut-off Date. Loan Group 2 will include approximately 92.2% of the aggregate principal balance of all the Mortgage Loans secured by multifamily properties. So long as funds are sufficient on any distribution date to make distributions of all interest on such distribution date to the Class A-1, A-2, A-3, A-AB, A-4, A-1A and XW Certificates, interest distributions on Class A-1, A-2, A-3, A-AB and A-4 Certificates will be based on amounts available relating to Mortgage Loans in Loan Group 1 and interest distribution on the Class A-1A Certificates will be based on amounts available relating to Mortgage Loans in Loan Group 2. In addition, generally, the Class A-1, A-2, A-3, A-AB and A-4 Certificates will only be entitled to receive distributions of principal collected or advanced in respect of Mortgage Loans in Loan Group 1 until the Certificate Balance of the Class A-1A Certificates has been reduced to zero, and the Class A-1A Certificates will only be entitled to receive distributions of principal collected or advanced in respect of Mortgage Loans in Loan Group 2 until the Certificate Balances of the Class A-1, A-2, A-3, A-AB, and A-4 Certificates have been reduced to zero. However, on and after any distribution date on which the Certificate Balances of the Class A-M through Class P Certificates have been reduced to zero, distributions of principal collected or advanced in respect of the pool of Mortgage Loans will be distributed to the Class A-1, A-2, A-3, A-AB, A-4 and A-1A Certificates pro rata without regard to loan group. (6) Not offered by the prospectus supplement. Any information we provide herein regarding the terms of these certificates is provided only to enhance your understanding of the offered certificates. (7) The Class XW Certificates are not offered by the 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 the prospectus supplement. The interest rate 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 3 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- STRUCTURE SCHEMATIC* - -------------------------------------------------------------------------------- Class XW(1) ------------------------- Class A-1 AAA / AAA $104.0MM 3.853% ------------------------- ------------------------- Class A-2 AAA / AAA $68.6MM 2.542% ------------------------- ------------------------- Class A-3 AAA / AAA $145.0MM 5.372% ------------------------- ------------------------- Class A-AB AAA / AAA $118.5MM 4.393% ------------------------- ------------------------- Class A-4 AAA / AAA $1,269.2MM 47.025% ------------------------- ------------------------- Class A-1A AAA / AAA $183.9MM 6.815% ------------------------- ---------------------------- Class A-M AAA / AAA $269.9MM 10.000% ---------------------------- ---------------------------- Class A-J AAA / AAA $215.9MM 8.000% ---------------------------- ---------------------------- Class B AA / AA $50.6MM 1.875% ---------------------------- ------------------------------- Class C AA- / AA- $26.9MM 1.000% ------------------------------- ---------------------------------- Class D (1) A / A $40.4MM 1.500% ---------------------------------- ---------------------------------- Class E (1) A- / A- $26.9MM 1.000% ---------------------------------- ---------------------------------- Class F (1) BBB+ / BBB+ $30.3MM 1.125% ---------------------------------- ---------------------------------- Class G(1) BBB / BBB $26.9MM 1.000% ---------------------------------- ---------------------------------- Class H(1) BBB- / BBB- $33.7MM 1.250% ---------------------------------- ---------------------------------- Class J (1) BB+ / BB+ $10.1MM 0.375% ---------------------------------- ---------------------------------- Class K(1) BB / BB $13.4MM 0.500% ---------------------------------- ---------------------------------- Class L (1) BB- / BB- $10.1MM 0.375% ---------------------------------- ---------------------------------- Class M (1) B+ / B+ $3.3MM 0.125% ---------------------------------- ---------------------------------- Class N (1) B / B $6.7MM 0.250% ---------------------------------- ---------------------------------- Class O (1) B- / B- $6.7MM 0.250% ---------------------------------- ---------------------------------- Class P (1) NR / NR $37.1MM 1.375% ---------------------------------- - ---------- * 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 4 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- TRANSACTION TERMS - -------------------------------------------------------------------------------- NOTE: CAPITALIZED TERMS USED BUT NOT OTHERWISE DEFINED HEREIN HAVE THE MEANINGS ASCRIBED TO THEM IN THE PROSPECTUS SUPPLEMENT DATED JUNE 2006. ISSUE TYPE REMIC. Class A-1, A-2, A-3, A-AB, A-4, A-1A, A-M, A-J, B and C 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 June 1, 2006. All percentages presented herein are approximate. MORTGAGE POOL The Mortgage Pool consists of 160 Mortgage Loans (the "Mortgage Loans ") with an aggregate balance as of the Cut-off Date of $2,699,084,458 (the "Initial Pool Balance "). For purposes of making distributions to the Class A-1, A-2, A-3, A-AB, A-4 and A-1A Certificates, the Mortgage Pool will be deemed to consist of two distinct loan groups, Loan Group 1 and Loan Group 2. Loan Group 1 will consist of 137 Mortgage Loans, representing approximately 93.2% of the Initial Pool Balance as of the Cut-off Date. Loan Group 2 will consist of 23 Mortgage Loans, representing approximately 6.8% of the Initial Pool Balance as of the Cut-off Date. The Mortgage Loans are secured by 186 properties (the "Mortgaged Properties") located throughout 34 states. DEPOSITOR Banc of America Commercial Mortgage Inc. ISSUING ENTITY Banc of America Commercial Mortgage Trust 2006-2. SPONSORS Bank of America, National Association ("Bank of America" or "BofA"), Bear Stearns Commercial Mortgage, Inc. ("Bear Stearns" or "BSCMI") and Barclays Capital Real Estate Inc. ("Barclays" or "BCRE"). MORTGAGE LOAN SELLERS Bank of America, Bear Stearns and Barclays. UNDERWRITERS Banc of America Securities LLC, Bear Stearns & Co. Inc. and Barclays Capital Inc. will be acting as co-lead managers. Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated and Greenwich Capital Markets, Inc. will be acting as co-managers. Banc of America Securities LLC and Bear Stearns & Co. Inc. will be acting as joint bookrunners with respect to the Class A-1, A-3, A-1A, A-M, A-J and C Certificates. Banc of America Securities LLC will be the sole bookrunner with respect to all other classes of certificates. TRUSTEE LaSalle Bank National Association MASTER SERVICER Bank of America, National Association, for all of the Mortgage Loans except with respect to (i) the Desert Passage Pari Passu Note A-3 Mortgage Loan (identified as Loan No. 59264 on Annex A to the prospectus supplement), which will be serviced by Bank of America, National Association pursuant to the terms of the Pooling and Servicing Agreement relating to the Banc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through Certificates, Series 2006-1 and (ii) the 277 Park Avenue Pari Passu Note A-3 Mortgage Loan (identified as Loan No. 59147 on Annex A to the prospectus supplement), which will be serviced by Bank of America, National Association pursuant to the terms of the Pooling and Servicing Agreement relating to the Banc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through Certificates, Series 2005-6. See "The Servicers--The Master Servicer" in the prospectus supplement. SPECIAL SERVICER LNR Partners, Inc., for all of the Mortgage Loans except with respect to (i) the Desert Passage Pari Passu Note A-3 Mortgage Loan (identified as Loan No. 59264 on Annex A to the prospectus supplement), which will be serviced by Midland Loan Services, Inc. pursuant to the terms of the Pooling and Servicing Agreement relating to the Banc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through Certificates, Series 2006-1 and (ii) the 277 Park Avenue Pari Passu Note A-3 Mortgage Loan (identified as Loan No. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 5 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- 59147 on Annex A to the prospectus supplement), which will be specially serviced by LNR Partners, Inc. pursuant to the terms of the Pooling and Servicing Agreement relating to the Banc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through Certificates, Series 2005-6. See "The Servicers--The Special Servicer" in the prospectus supplement. RATING AGENCIES Fitch Ratings ("Fitch") 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-AB, A-4, A-1A, A-M and A-J Certificates and $100,000 minimum for the Class B and C Certificates. SETTLEMENT DATE On or about June _____, 2006. SETTLEMENT TERMS Book-entry through DTC for all Offered Certificates. 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 July 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-AB, A-4, A-1A 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-AB 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). Generally, the Class A-1, A-2, A-3, A-AB and A-4 Certificates will only be entitled to receive distributions of principal collected or advanced in respect of Mortgage Loans in Loan Group 1 until the Certificate Balance of the Class A-1A Certificates has been reduced to zero and the Class A-1A Certificates will only be entitled to receive distributions of principal collected or advanced in respect of Mortgage Loans in Loan Group 2 until the Certificate Balances of the Class A-1, A-2, A-3, A-AB and A-4 Certificates have been reduced to zero. If, due to losses, the Certificate Balances of the Class A-M through Class P Certificates are reduced to zero, distributions of principal collected or advanced in respect of the pool or Mortgage Loans will be distributed to the Class A-1, A-2, A-3, A-AB, A-4 and A-1A Certificates pro rata without regard to loan groups. LOSSES To be applied first to the Class P 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-AB, A-4 and A-1A Certificates. However, with respect to (i) the Desert Passage Whole Loan (as to which only the related Note A-3 is included in the trust fund), losses will be applied pro rata among the Desert Passage Pari Passu Note A-1, the Desert Passage Pari Passu Note A-2 and the Desert Passage Pari Passu Note A-3, and (ii) the 277 Park Avenue Whole Loan (as to which only the related Note A-3 is included in the trust fund), losses will be applied pro rata among the 277 Park Avenue Pari Passu Note A-1, the 277 Park Avenue Pari Passu 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 6 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- Note A-2 and the 277 Park Avenue Note A-3. Losses allocable to the Desert Passage Pari Passu Note A-3 and the 277 Park Avenue Pari Passu Note A-3 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. ADVANCES Subject to certain limitations, including, but not limited to, a recoverability determination, the Master Servicer will be required to advance certain principal and interest payments and other expenses. In the event that the Master Servicer fails to make such advances, the Trustee may be required to do so. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 7 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- 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 GOLDMAN, SACHS & CO. GREENWICH CAPITAL MARKETS, INC. MORGAN STANLEY & CO. INCORPORATED Emily Brooks Chris McCormack Kara McShane (212) 902-7264 (Phone) (203) 625-2900 (Phone) (212) 761-2164 (Phone) (212) 346-3594 (Fax) (203) 618-2052 (Fax) (212) 507-5062 (Fax) emily.brooks@gs.com mccormc@rbsgc.com kara.mcshane@morganstanley.com Scott Wisenbaker Andrew Flick Jon Miller (212) 902-2858 (Phone) (203) 625-2900 (Phone) (212) 761-1317 (Phone) (212) 346-3594 (Fax) (203) 302-7228 (Fax) (212) 507-6994 (Fax) scott.wisenbaker@gs.com andrew.flick@rbsgc.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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 8 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE* - -------------------------------------------------------------------------------- GENERAL CHARACTERISTICS MORTGAGE POOL LOAN GROUP 1 LOAN GROUP 2 --------------- --------------- --------------- Number of Mortgage Loans ........................................... 160 137 23 Number of Mortgaged Properties ..................................... 186 162 24 Aggregate Balance of all Mortgage Loans(1) ......................... $ 2,699,084,458 $ 2,515,140,454 $ 183,944,004 Number of Balloon Payment Mortgage Loans(2) ........................ 143 121 22 Aggregate Balance of Balloon Payment Mortgage Loans(2) ............. $ 2,178,956,983 $ 2,009,162,979 $ 169,794,004 Number of Anticipated Repayment Date Mortgage Loans(3) ............. 1 1 0 Aggregate Balance of Anticipated Repayment Date Mortgage Loans(3) ........................................................ $ 50,000,000 $ 50,000,000 $ 0 Number of Interest Only Mortgage Loans(3) .......................... 16 15 1 Aggregate Balance of Interest Only Mortgage Loans(3) ............... $ 519,035,000 $ 504,885,000 $ 14,150,000 Number of Fully Amortizing Mortgage Loans .......................... 1 1 0 Aggregate Balance of Fully Amortizing Mortgage Loans ............... $ 1,092,474 $ 1,092,474 $ 0 Maximum Balance .................................................... $ 206,000,000 $ 206,000,000 $ 28,973,228 Minimum Balance .................................................... $ 565,000 $ 565,000 $ 1,372,302 Average Balance .................................................... $ 16,869,278 $ 18,358,689 $ 7,997,565 Number of Cross-Collateralized and Cross-Defaulted Loan Pools ...... 5 4 1 Maximum Balance for a Group of Cross-Collateralized and Cross-Defaulted ................................................. $ 9,931,613 $ 9,931,613 $ 7,938,038 Weighted Average Cut-off Date LTV Ratio ............................ 69.9% 69.7% 72.2% Maximum Cut-off Date LTV Ratio ..................................... 83.3% 83.3% 80.0% Minimum Cut-off Date LTV Ratio ..................................... 15.5% 15.5% 57.9% Weighted Average DSCR .............................................. 1.40x 1.41x 1.31x Maximum DSCR ....................................................... 5.23x 5.23x 1.57x Minimum DSCR ....................................................... 1.03x 1.03x 1.20x Weighted Average LTV at Maturity or Anticipated Repayment Date(4) .. 62.9% 62.8% 63.3% Range of Mortgage Loan Interest Rates .............................. 4.495% - 6.920% 4.495% - 6.920% 5.000% - 6.277% Weighted Average Mortgage Loan Interest Rate ....................... 5.802% 5.812% 5.676% Range of Remaining Term to Maturity or Anticipated Repayment Date (months) ........................................................ 52 to 178 52 to 178 60 to 119 Weighted Average Remaining Term to Maturity or Anticipated Repayment Date (months) ......................................... 114 114 111 - ---------- (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) One Mortgage Loan, Loan No. 59147 (such Loan Numbers are set forth in Annex A to the prospectus supplement), representing 1.9% of the Initial Pool Balance (2.0% of the Group 1 Balance), respectively, is an ARD Loan and Interest Only Mortgage Loan which results in such Mortgage Loan appearing in each category. (4) Excludes Mortgage Loans that are Fully Amortizing. * One Mortgage Loan, the Desert Passage Mortgage Loan, Loan No. 59264 (such Loan Number is set forth in Annex A to the prospectus supplement), representing 4.9% of the Initial Pool Balance (5.2% of the Group 1 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 Note A-3 (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. For purposes of weighing such debt service coverage ratios and loan-to-value ratios, such weighting is based solely upon the outstanding principal balance of Note A-3 included in the trust fund. One Mortgage Loan, the 277 Park Avenue Mortgage Loan, Loan No. 59147 (such Loan Number is set forth in Annex A to the prospectus supplement), representing 1.9% of the Initial Pool Balance (2.0% of the Group 1 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 Note A-3 (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. For purposes of weighing such debt service coverage ratios and loan-to-value ratios, such weighting is based solely upon the outstanding principal balance of Note A-3 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 Structural and Collateral Information. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 9 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE* [THE FOLLOWING TABLE WAS REPRESENTED BY A PIE CHART IN THE PRINTED MATERIAL.] Self Storage 1.7% Mixed Use 2.0% Other 2.2% Industrial 2.8% Multifamily 7.4% Hotel 10.5% Office 33.8% Retail 39.6% PROPERTY TYPE WEIGHTED WEIGHTED WEIGHTED NUMBER OF AGGREGATE % OF AVERAGE MIN/MAX AVERAGE MIN/MAX AVERAGE MORTGAGED CUT-OFF DATE INITIAL POOL UNDERWRITTEN UNDERWRITTEN CUT-OFF DATE CUT-OFF DATE MORTGAGE PROPERTY TYPE PROPERTIES BALANCE BALANCE DSCR DSCR LTV RATIO LTV RATIO RATE - -------------------------------------------------------------------------------------------------------------------------------- Retail 79 $1,067,799,442 39.6% 1.35x 1.18x / 3.53x 71.7% 31.1% / 80.0% 5.747% Anchored 54 941,558,824 34.9 1.35x 1.20x / 3.53x 72.1% 31.1% / 80.0% 5.724% Unanchored 18 78,833,116 2.9 1.33x 1.20x / 1.91x 68.0% 43.2% / 79.9% 6.183% Shadow Anchored 7 47,407,502 1.8 1.32x 1.18x / 1.74x 70.5% 42.1% / 78.3% 5.484% Office 31 911,915,946 33.8 1.42x 1.03x / 5.23x 67.6% 15.6% / 79.7% 5.777% Hotel 14 282,966,205 10.5 1.46x 1.21x / 1.86x 68.9% 57.9% / 75.0% 5.962% Multifamily 27 199,477,561 7.4 1.46x 1.20x / 4.75x 69.3% 15.5% / 80.0% 5.668% Industrial 13 76,874,827 2.8 1.33x 1.15x / 1.95x 70.0% 51.5% / 80.0% 5.939% Other 1 59,675,588 2.2 1.79x 1.79x / 1.79x 83.3% 83.3% / 83.3% 6.480% Mixed Use 6 53,142,244 2.0 1.26x 1.21x / 1.43x 73.3% 54.9% / 77.9% 5.908% Self Storage 15 47,232,644 1.7 1.49x 1.23x / 2.09x 61.2% 43.9% / 79.4% 5.960% - -------------------------------------------------------------------------------------------------------------------------------- TOTAL 186 $2,699,084,458 100.0% 1.40X 1.03X / 5.23X 69.9% 15.5% / 83.3% 5.802% - -------------------------------------------------------------------------------------------------------------------------------- AMORTIZATION TYPE % OF NO. OF INITIAL % OF % OF MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 LOANS BALANCE BALANCE BALANCE BALANCE - --------------------------------------------------------------------------------- IO, Balloon 53 $1,137,131,984 42.1% 42.2% 40.8% 12 month IO loans(1) 9 105,060,884 3.9 3.0 16.8 24 month IO loans(1) 13 223,854,207 8.3 8.6 4.7 36 month IO loans(1) 13 280,199,333 10.4 9.8 17.8 48 month IO loans(1) 3 212,390,000 7.9 8.3 1.5 60 month IO loans(1) 13 260,127,560 9.6 10.3 0.0 72 month IO loans(1) 1 42,500,000 1.6 1.7 0.0 84 month IO loans(1) 1 13,000,000 0.5 0.5 0.0 Balloon 90 1,041,824,999 38.6 37.7 51.5 Interest Only 15 469,035,000 17.4 18.1 7.7 Interest Only, Hyper Am 1 50,000,000 1.9 2.0 0.0 Fully Amortizing 1 1,092,474 0.0 0.0 0.0 - --------------------------------------------------------------------------------- TOTAL 160 $2,699,084,458 100.0% 100.0% 100.0% - --------------------------------------------------------------------------------- (1) Reflects the original Interest Only term. * Footnote (*) to the "GENERAL CHARACTERISTICS" table in the "Mortgage Pool Characteristics as of the Cut-off Date" section to this Structural and Collateral Information 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 10 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE* - -------------------------------------------------------------------------------- WASHINGTON KENTUCKY NEW HAMPSHIRE 7 properties 1 property 1 property $66,244,631 $7,680,000 $10,850,000 2.5% of total 0.3% of total 0.4% of total OREGON TENNESSEE NEW YORK 5 properties 1 property 17 properties $45,204,223 $20,540,849 $326,576,034 1.7% of total 0.8% of total 12.1% of total NEVADA FLORIDA PENNSYLVANIA 2 properties 11 properties 6 properties $133,883,333 $94,463,212 $44,392,226 5.0% of total 3.5% of total 1.6% of total CALIFORNIA GEORGIA OHIO 30 properties 7 properties 8 properties $334,072,614 $176,256,339 $32,561,122 12.4% of total 6.5% of total 1.2% of total ARIZONA SOUTH CAROLINA MICHIGAN 2 properties 4 properties 7 properties $17,185,000 $30,346,113 $49,093,455 0.6% of total 1.1% of total 1.8% of total COLORADO NORTH CAROLINA INDIANA 3 properties 5 properties 7 properties $52,150,000 $51,976,613 $207,258,782 1.9% of total 1.9% of total 7.7% of total NEW MEXICO VIRGINIA ILLINOIS 1 property 5 properties 15 properties $1,555,000 $136,289,862 $408,852,621 0.1% of total 5.0% of total 15.1% of total KANSAS WEST VIRGINIA WISCONSIN 3 properties 1 property 4 properties $26,000,000 $4,157,802 $35,963,178 1.0% of total 0.2% of total 1.3% of total OKLAHOMA MARYLAND MINNESOTA 3 properties 2 properties 4 properties $24,080,000 $81,100,000 $45,540,866 0.9% of total 3.0% of total 1.7% of total TEXAS NEW JERSEY IOWA 7 properties 3 properties 6 properties $33,574,695 $25,785,117 $32,859,766 1.2% of total 1.0% of total 1.2% of total LOUISIANA CONNECTICUT 2 properties 1 property $7,816,439 $1,092,474 0.3% of total 0.0% of total MISSISSIPPI MASSACHUSETTS 1 property 4 properties $4,173,650 $129,508,441 0.2% of total 4.8% of total ----------------------------------- < 1.0% of Initial Pool Balance 1.0% - 5.0% of Initial Pool Balance 5.1% - 10.0% of Initial Pool Balance > 10.0% of Initial Pool Balance ----------------------------------- GEOGRAPHIC DISTRIBUTION WEIGHTED WEIGHTED WEIGHTED NUMBER OF AGGREGATE AVERAGE AVERAGE AVERAGE MORTGAGED CUT-OFF DATE % OF INITIAL UNDERWRITTEN CUT-OFF DATE MORTGAGE PROPERTY LOCATION PROPERTIES BALANCE POOL BALANCE DSCR LTV RATIO RATE - ------------------------------------------------------------------------------------------------------- Illinois 15 $ 408,852,621 15.1% 1.20x 69.7% 5.916% California 30 334,072,614 12.4 1.45x 69.2% 5.870% New York 17 326,576,034 12.1 1.78x 64.7% 5.628% Indiana 7 207,258,782 7.7 1.34x 78.3% 5.773% Georgia 7 176,256,339 6.5 1.35x 74.4% 6.089% Virginia 5 136,289,862 5.0 1.25x 71.4% 5.862% Nevada 2 133,883,333 5.0 1.29x 72.4% 5.471% Massachusetts 4 129,508,441 4.8 1.69x 56.4% 5.606% Florida 11 94,463,212 3.5 1.36x 67.8% 5.976% Maryland 2 81,100,000 3.0 1.48x 66.4% 5.386% Other 86 670,823,220 24.9 1.35x 71.7% 5.836% - ------------------------------------------------------------------------------------------------------- TOTAL/WTD. AVG. 186 $2,699,084,458 100.0% 1.40X 69.9% 5.802% ======================================================================================================= o THE MORTGAGED PROPERTIES ARE LOCATED THROUGHOUT 34 STATES. * Footnote (*) to the "GENERAL CHARACTERISTICS" table in the "Mortgage Pool Characteristics as of the Cut-off Date" section to this Structural and Collateral Information 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 11 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------- $565,000 -- $999,999 1 $ 565,000 0.0% $1,000,000 -- $1,999,999 8 13,476,690 0.5 $2,000,000 -- $2,999,999 19 47,420,513 1.8 $3,000,000 -- $3,999,999 17 56,665,419 2.1 $4,000,000 -- $4,999,999 16 71,159,858 2.6 $5,000,000 -- $7,499,999 25 150,889,739 5.6 $7,500,000 -- $9,999,999 15 125,857,637 4.7 $10,000,000 -- $14,999,999 22 264,180,344 9.8 $15,000,000 -- $19,999,999 7 122,770,059 4.5 $20,000,000 -- $29,999,999 10 253,638,209 9.4 $30,000,000 -- $49,999,999 7 275,215,735 10.2 $50,000,000 -- $99,999,999 8 581,703,535 21.6 $100,000,000 -- $206,000,000 5 735,541,719 27.3 - ------------------------------------------------------------------- TOTAL: 160 $2,699,084,458 100.0% - ------------------------------------------------------------------- Min: $565,000 Max: $206,000,000 Average: $16,869,278 LOCATION NO. OF AGGREGATE MORTGAGED CUT-OFF DATE % OF PROPERTIES BALANCE POOL - --------------------------------------------------------------------- Illinois 15 $ 408,852,621 15.1% California 30 334,072,614 12.4 New York 17 326,576,034 12.1 Indiana 7 207,258,782 7.7 Georgia 7 176,256,339 6.5 Virginia 5 136,289,862 5.0 Nevada 2 133,883,333 5.0 Massachusetts 4 129,508,441 4.8 Florida 11 94,463,212 3.5 Maryland 2 81,100,000 3.0 Others 86 670,823,220 24.9 - --------------------------------------------------------------------- TOTAL: 186 $2,699,084,458 100.0% - --------------------------------------------------------------------- PROPERTY TYPE NO. OF AGGREGATE MORTGAGED CUT-OFF DATE % OF PROPERTIES BALANCE POOL - --------------------------------------------------------------------- Retail 79 $1,067,799,442 39.6% Anchored 54 941,558,824 34.9 Unanchored 18 78,833,116 2.9 Shadow Anchored 7 47,407,502 1.8 Office 31 911,915,946 33.8 Hotel 14 282,966,205 10.5 Multifamily 27 199,477,561 7.4 Industrial 13 76,874,827 2.8 Other 1 59,675,588 2.2 Mixed Use 6 53,142,244 2.0 Self Storage 15 47,232,644 1.7 - --------------------------------------------------------------------- TOTAL: 186 $2,699,084,458 100.0% - --------------------------------------------------------------------- MORTGAGE RATE NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE POOL - ------------------------------------------------------------------- 4.495% -- 4.999% 1 $ 50,000,000 1.9% 5.000% -- 5.249% 4 70,572,220 2.6 5.250% -- 5.499% 13 320,645,723 11.9 5.500% -- 5.749% 41 600,356,776 22.2 5.750% -- 5.999% 49 839,699,348 31.1 6.000% -- 6.249% 31 643,531,454 23.8 6.250% -- 6.499% 18 162,082,514 6.0 6.500% -- 6.920% 3 12,196,423 0.5 - ------------------------------------------------------------------- TOTAL: 160 $2,699,084,458 100.0% - ------------------------------------------------------------------- Min: 4.495% Max: 6.920% Wtd Avg: 5.802% ORIGINAL TERM TO STATED MATURITY OR ARD NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE POOL - ------------------------------------------------------------------- 60 -- 83 months 7 $ 94,775,000 3.5% 84 -- 99 months 8 151,333,244 5.6 100 -- 120 months 142 2,334,383,739 86.5 121 -- 179 months 2 117,500,000 4.4 180 months 1 1,092,474 0.0 - ------------------------------------------------------------------- TOTAL: 160 $2,699,084,458 100.0% - ------------------------------------------------------------------- Min: 60 months Max: 180 months Wtd Avg: 116 months REMAINING TERM TO STATED MATURITY OR ARD NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE POOL - ------------------------------------------------------------------- 52 -- 59 months 3 $ 64,685,000 2.4% 60 -- 79 months 5 44,020,553 1.6 80 -- 99 months 7 137,402,691 5.1 100 -- 109 months 4 118,987,220 4.4 110 -- 119 months 119 1,683,164,110 62.4 120 -- 139 months 20 607,232,409 22.5 140 -- 159 months 1 42,500,000 1.6 160 -- 178 months 1 1,092,474 0.0 - ------------------------------------------------------------------- TOTAL: 160 $2,699,084,458 100.0% - ------------------------------------------------------------------- Min: 52 months Max: 178 months Wtd Avg: 114 months PREPAYMENT PROVISION SUMMARY NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE POOL - ------------------------------------------------------------------- Lockout/Defeasance/Open 127 $2,210,595,018 81.9% Lockout/Yield Maintenance/Open 29 351,149,440 13.0 Lockout/Defeasance or Yield Maintenance/ Open 1 98,250,000 3.6 Yield Maintenance/Open 1 26,500,000 1.0 Yield Maintenance/ Defeasance or Yield Maintenance/Open 2 12,590,000 0.5 - ------------------------------------------------------------------- TOTAL: 160 $2,699,084,458 100.0% - ------------------------------------------------------------------- CUT-OFF DATE LOAN-TO-VALUE RATIO NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE POOL - ------------------------------------------------------------------- 15.5% -- 29.9% 3 $ 30,000,000 1.1% 30.0% -- 49.9% 10 91,862,999 3.4 50.0% -- 54.9% 4 13,592,132 0.5 55.0% -- 59.9% 17 223,439,950 8.3 60.0% -- 64.9% 15 156,605,469 5.8 65.0% -- 69.9% 37 776,746,327 28.8 70.0% -- 74.9% 28 427,726,661 15.8 75.0% -- 79.9% 40 851,355,331 31.5 80.0% -- 83.3% 6 127,755,588 4.7 - ------------------------------------------------------------------- TOTAL: 160 $2,699,084,458 100.0% - ------------------------------------------------------------------- Min: 15.5% Max: 83.3% Wtd Avg: 69.9% LOAN-TO-VALUE RATIO AT MATURITY OR ARD NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE POOL - ------------------------------------------------------------------- Fully Amortizing 1 $ 1,092,474 0.0% 15.5% -- 24.9% 3 30,000,000 1.1 25.0% -- 49.9% 22 193,643,119 7.2 50.0% -- 59.9% 43 491,069,918 18.2 60.0% -- 64.9% 38 862,710,109 32.0 65.0% -- 69.9% 35 663,633,523 24.6 70.0% -- 74.9% 15 174,785,315 6.5 75.0% -- 79.6% 3 282,150,000 10.5 - ------------------------------------------------------------------- TOTAL: 160 $2,699,084,458 100.0% - ------------------------------------------------------------------- Min: 15.5% Max: 79.6% Wtd Avg: 62.9%(1) (1) Excludes the Mortgage Loan that is Fully Amortizing. DEBT SERVICE COVERAGE RATIOS NO. OF AGGREGATE MORTGAGE CUT-OFF DATE % OF LOANS BALANCE ($) POOL - ------------------------------------------------------------------- 1.02x -- 1.19x 11 $ 424,370,518 15.7% 1.20x -- 1.24x 49 634,872,520 23.5 1.25x -- 1.29x 23 458,259,506 17.0 1.30x -- 1.34x 9 112,144,564 4.2 1.35x -- 1.39x 15 273,295,298 10.1 1.40x -- 1.49x 20 312,183,486 11.6 1.50x -- 1.59x 9 149,751,533 5.5 1.60x -- 1.69x 8 65,463,784 2.4 1.70x -- 1.79x 5 143,042,322 5.3 1.80x -- 1.89x 1 12,724,228 0.5 1.90x -- 1.99x 3 13,809,882 0.5 2.00x -- 2.99x 3 59,166,818 2.2 3.00x -- 5.23x 4 40,000,000 1.5 - ------------------------------------------------------------------- TOTAL: 160 $2,699,084,458 100.0% - ------------------------------------------------------------------- Min: 1.03x(1) Max: 5.23x Wtd Avg: 1.40x (1) The Debt Service Coverage Ratio for this Mortgage Loan is 1.025x which rounds to 1.03x. * Footnote (*) to the "GENERAL CHARACTERISTICS" table in the "Mortgage Pool Characteristics as of the Cut-off Date" section to this Structural and Collateral Information 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 12 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE* - -------------------------------------------------------------------------------- LOAN GROUP 1 CHARACTERISTICS CUT-OFF DATE BALANCE NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 1 - -------------------------------------------------------------------- $565,000 -- $999,999 1 $ 565,000 0.0% $1,000,000 -- $1,999,999 5 8,631,112 0.3 $2,000,000 -- $2,999,999 16 40,088,271 1.6 $3,000,000 -- $3,999,999 15 50,096,072 2.0 $4,000,000 -- $4,999,999 15 66,242,206 2.6 $5,000,000 -- $7,499,999 17 102,510,965 4.1 $7,500,000 -- $9,999,999 15 125,857,637 5.0 $10,000,000 -- $14,999,999 19 226,746,605 9.0 $15,000,000 -- $19,999,999 6 104,876,616 4.2 $20,000,000 -- $29,999,999 8 197,064,982 7.8 $30,000,000 -- $49,999,999 7 275,215,735 10.9 $50,000,000 -- $99,999,999 8 581,703,535 23.1 $100,000,000 -- $206,000,000 5 735,541,719 29.2 - -------------------------------------------------------------------- TOTAL: 137 $2,515,140,454 100.0% - -------------------------------------------------------------------- Min: $565,000 Max: $206,000,000 Average: $18,358,689 LOCATION NO. OF AGGREGATE % OF MORTGAGED CUT-OFF DATE LOAN PROPERTIES BALANCE GROUP 1 - ---------------------------------------------------------------------- Illinois 15 $ 408,852,621 16.3% California 30 334,072,614 13.3 New York 17 326,576,034 13.0 Indiana 7 207,258,782 8.2 Georgia 5 164,555,537 6.5 Virginia 4 134,917,560 5.4 Nevada 2 133,883,333 5.3 Massachusetts 4 129,508,441 5.1 Maryland 2 81,100,000 3.2 Florida 9 78,902,515 3.1 Other 67 515,513,016 20.5 - ---------------------------------------------------------------------- TOTAL: 162 $2,515,140,454 100.0% - ---------------------------------------------------------------------- PROPERTY TYPE NO. OF AGGREGATE % OF MORTGAGED CUT-OFF DATE LOAN PROPERTIES BALANCE GROUP 1 - ---------------------------------------------------------------------- Retail 79 $1,067,799,442 42.5% Anchored 54 941,558,824 37.4 Unanchored 18 78,833,116 3.1 Shadow Anchored 7 47,407,502 1.9 Office 31 911,915,946 36.3 Hotel 14 282,966,205 11.3 Industrial 13 76,874,827 3.1 Other 1 59,675,588 2.4 Mixed Use 6 53,142,244 2.1 Self Storage 15 47,232,644 1.9 Multifamily 3 15,533,557 0.6 - ---------------------------------------------------------------------- TOTAL: 162 $2,515,140,454 100.0% - ---------------------------------------------------------------------- MORTGAGE RATE NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 1 - -------------------------------------------------------------------- 4,495% -- 4.999% 1 $ 50,000,000 2.0% 5.000% -- 5.249% 2 39,755,735 1.6 5.250% -- 5.499% 12 315,728,070 12.6 5.500% -- 5.749% 36 529,012,400 21.0 5.750% -- 5.999% 42 808,199,761 32.1 6.000% -- 6.249% 24 599,537,851 23.8 6.250% -- 6.499% 17 160,710,212 6.4 6.500% -- 6.920% 3 12,196,423 0.5 - -------------------------------------------------------------------- TOTAL: 137 $2,515,140,454 100.0% - -------------------------------------------------------------------- Min: 4.495% Max: 6.920% Wtd Avg: 5.812% ORIGINAL TERM TO STATED MATURITY OR ARD NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 1 - -------------------------------------------------------------------- 60 -- 83 months 6 $ 80,625,000 3.2% 84 -- 99 months 8 151,333,244 6.0 100 -- 120 months 120 2,164,589,735 86.1 121 -- 179 months 2 117,500,000 4.7 180 months 1 1,092,474 0.0 - -------------------------------------------------------------------- TOTAL: 137 $2,515,140,454 100.0% - -------------------------------------------------------------------- Min: 60 months Max: 180 months Wtd Avg: 117 months REMAINING TERM TO STATED MATURITY OR ARD NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 1 - -------------------------------------------------------------------- 52 -- 59 months 3 $ 64,685,000 2.6% 60 -- 79 months 4 29,870,553 1.2 80 -- 99 months 7 137,402,691 5.5 100 -- 109 months 2 88,170,735 3.5 110 -- 119 months 99 1,544,186,590 61.4 120 -- 139 months 20 607,232,409 24.1 140 -- 159 months 1 42,500,000 1.7 160 -- 178 months 1 1,092,474 0.0 - -------------------------------------------------------------------- TOTAL: 137 $2,515,140,454 100.0% - -------------------------------------------------------------------- Min: 52 months Max: 178 months Wtd Avg: 114 months PREPAYMENT PROVISION SUMMARY NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 1 - -------------------------------------------------------------------- Lockout/Defeasance/Open 107 $2,060,922,647 81.9% Lockout/Yield Maintenance/Open 26 316,877,807 12.6 Lockout/Defeasance or Yield Maintenance/ Open 1 98,250,000 3.9 Yield Maintenance/ Open 1 26,500,000 1.1 Yield Maintenance/ Defeasance or Yield Maintenance/ Open 2 12,590,000 0.5 - -------------------------------------------------------------------- TOTAL: 137 $2,515,140,454 100.0% - -------------------------------------------------------------------- CUT-OFF DATE LOAN-TO-VALUE RATIO NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 1 - -------------------------------------------------------------------- 15.5% -- 29.9% 3 $ 30,000,000 1.2% 30.0% -- 49.9% 10 91,862,999 3.7 50.0% -- 54.9% 4 13,592,132 0.5 55.0% -- 59.9% 16 194,466,723 7.7 60.0% -- 64.9% 15 156,605,469 6.2 65.0% -- 69.9% 34 749,208,456 29.8 70.0% -- 74.9% 23 392,671,475 15.6 75.0% -- 79.9% 28 791,777,611 31.5 80.0% -- 83.3% 4 94,955,588 3.8 - -------------------------------------------------------------------- TOTAL: 137 $2,515,140,454 100.0% - -------------------------------------------------------------------- Min: 15.5% Max: 83.3% Wtd Avg: 69.7% LOAN-TO-VALUE RATIO AT MATURITY OR ARD NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 1 - -------------------------------------------------------------------- Fully Amortizing 1 $ 1,092,474 0.0% 15.5% -- 24.9% 3 30,000,000 1.2 25.0% -- 49.9% 21 164,669,892 6.5 50.0% -- 59.9% 39 464,008,384 18.4 60.0% -- 64.9% 29 807,865,651 32.1 65.0% -- 69.9% 30 640,268,737 25.5 70.0% -- 74.9% 12 139,235,315 5.5 75.0% -- 79.6% 2 268,000,000 10.7 - -------------------------------------------------------------------- TOTAL: 137 $2,515,140,454 100.0% - -------------------------------------------------------------------- Min: 15.5% Max: 79.6% Wtd Avg: 62.8(1) (1) Excludes the Mortgage Loan that is Fully Amortizing. DEBT SERVICE COVERAGE RATIOS NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 1 - -------------------------------------------------------------------- 1.02x -- 1.19x 10 $ 420,915,369 16.7% 1.20x -- 1.24x 39 542,677,015 21.6 1.25x -- 1.29x 17 432,128,134 17.2 1.30x -- 1.34x 9 112,144,564 4.5 1.35x -- 1.39x 12 256,099,803 10.2 1.40x -- 1.49x 19 298,033,486 11.8 1.50x -- 1.59x 7 118,935,049 4.7 1.60x -- 1.69x 8 65,463,784 2.6 1.70x -- 1.79x 5 143,042,322 5.7 1.80x -- 1.89x 1 12,724,228 0.5 1.90x -- 1.99x 3 13,809,882 0.5 2.00x -- 2.99x 3 59,166,818 2.4 3.00x -- 5.23x 4 40,000,000 1.6 - -------------------------------------------------------------------- TOTAL: 137 $2,515,140,454 100.0% - -------------------------------------------------------------------- Min: 1.03x(1) Max: 5.23x Wtd Avg: 1.41x (1) The Debt Service Coverage Ratio for this Mortgage Loan is 1.025x which rounds to 1.03x. * Footnote (*) to the "GENERAL CHARACTERISTICS" table in the "Mortgage Pool Characteristics as of the Cut-off Date" section to this Structural and Collateral Information 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 13 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE* - -------------------------------------------------------------------------------- LOAN GROUP 2 CHARACTERISTICS CUT-OFF DATE BALANCE NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 2 - ------------------------------------------------------------------ $1,372,302 -- $1,999,999 3 $ 4,845,579 2.6% $2,000,000 -- $2,999,999 3 7,332,243 4.0 $3,000,000 -- $3,999,999 2 6,569,347 3.6 $4,000,000 -- $4,999,999 1 4,917,653 2.7 $5,000,000 -- $7,499,999 8 48,378,774 26.3 $10,000,000 -- $14,999,999 3 37,433,739 20.4 $15,000,000 -- $19,999,999 1 17,893,443 9.7 $20,000,000 -- $28,973,228 2 56,573,228 30.8 - ------------------------------------------------------------------ TOTAL: 23 $183,944,004 100.0% - ------------------------------------------------------------------ Min: $1,372,302 Max: $28,973,228 Average: $7,997,565 LOCATION NO. OF AGGREGATE % OF MORTGAGED CUT-OFF DATE LOAN PROPERTIES BALANCE GROUP 2 - -------------------------------------------------------------------- Pennsylvania 3 $ 34,694,428 18.9% Oregon 3 34,271,633 18.6 Washington 1 28,973,228 15.8 Texas 5 22,072,625 12.0 Florida 2 15,560,697 8.5 South Carolina 1 14,150,000 7.7 Georgia 2 11,700,801 6.4 Louisiana 2 7,816,439 4.2 Michigan 2 7,667,653 4.2 Ohio 2 5,664,198 3.1 Others 1 1,372,302 0.7 - -------------------------------------------------------------------- TOTAL: 24 $183,944,004 100.0% - -------------------------------------------------------------------- PROPERTY TYPE NO. OF AGGREGATE % OF MORTGAGED CUT-OFF DATE LOAN PROPERTIES BALANCE GROUP 2 - -------------------------------------------------------------------- Multifamily 24 $183,944,004 100.0% - -------------------------------------------------------------------- TOTAL: 24 $183,944,004 100.0% - -------------------------------------------------------------------- MORTGAGE RATE NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 2 - ------------------------------------------------------------------ 5.000% -- 5.249% 2 $ 30,816,484 16.8% 5.250% -- 5.499% 1 4,917,653 2.7 5.500% -- 5.749% 5 71,344,376 38.8 5.750% -- 5.999% 7 31,499,587 17.1 6.000% -- 6.249% 7 43,993,602 23.9 6.250% -- 6.277% 1 1,372,302 0.7 - ------------------------------------------------------------------ TOTAL: 23 $183,944,004 100.0% - ------------------------------------------------------------------ Min: 5.000% Max: 6.277% Wtd Avg: 5.676% ORIGINAL TERM TO STATED MATURITY OR ARD NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 2 - ------------------------------------------------------------------ 60 -- 83 months 1 $ 14,150,000 7.7% 100 -- 120 months 22 169,794,004 92.3 - ------------------------------------------------------------------ TOTAL: 23 $183,944,004 100.0% - ------------------------------------------------------------------ Min: 60 months Max: 120 months Wtd Avg: 115 months REMAINING TERM TO STATED MATURITY OR ARD NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 2 - ------------------------------------------------------------------ 60 -- 79 months 1 $ 14,150,000 7.7% 100 -- 109 months 2 30,816,484 16.8 110 -- 119 months 20 138,977,520 75.6 - ------------------------------------------------------------------ TOTAL: 23 $183,944,004 100.0% - ------------------------------------------------------------------ Min: 60 months Max: 119 months Wtd Avg: 111 months PREPAYMENT PROVISION SUMMARY NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 2 - ------------------------------------------------------------------ Lockout/Defeasance/Open 20 $149,672,371 81.4% Lockout/Yield Maintenance/Open 3 34,271,633 18.6 - ------------------------------------------------------------------ TOTAL: 23 $183,944,004 100.0% - ------------------------------------------------------------------ CUT-OFF DATE LOAN-TO-VALUE RATIO NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 2 - ------------------------------------------------------------------ 57.9% -- 59.9% 1 $ 28,973,228 15.8% 65.0% -- 69.9% 3 27,537,871 15.0 70.0% -- 74.9% 5 35,055,186 19.1 75.0% -- 79.9% 12 59,577,720 32.4 80.0% 2 32,800,000 17.8 - ------------------------------------------------------------------ TOTAL: 23 $183,944,004 100.0% - ------------------------------------------------------------------ Min: 57.9% Max: 80.0% Wtd Avg: 72.2% LOAN-TO-VALUE RATIO AT MATURITY OR ARD NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 2 - ------------------------------------------------------------------ 48.7% -- 49.9% 1 $ 28,973,228 15.8% 50.0% -- 59.9% 4 27,061,534 14.7 60.0% -- 64.9% 9 54,844,457 29.8 65.0% -- 69.9% 5 23,364,785 12.7 70.0% -- 74.9% 3 35,550,000 19.3 75.0 -- 78.6% 1 14,150,000 7.7 - ------------------------------------------------------------------ TOTAL: 23 $183,944,004 100.0% - ------------------------------------------------------------------ Min: 48.7% Max: 78.6% Wtd Avg: 63.3% DEBT SERVICE COVERAGE RATIOS NO. OF AGGREGATE % OF MORTGAGE CUT-OFF DATE LOAN LOANS BALANCE GROUP 2 - ------------------------------------------------------------------ Less than 1.20x(1) 1 $ 3,455,149 1.9% 1.20x -- 1.24x 10 92,195,505 50.1 1.25x -- 1.29x 6 26,131,372 14.2 1.35x -- 1.39x 3 17,195,494 9.3 1.40x -- 1.49x 1 14,150,000 7.7 1.50x -- 1.57x 2 30,816,484 16.8 - ------------------------------------------------------------------ TOTAL: 23 $183,944,004 100.0% - ------------------------------------------------------------------ Min: 1.20x(1) Max: 1.57x Wtd Avg: 1.31x (1) The Debt Service Coverage Ratio for this Mortgage Loan is 1.197x which rounds to 1.20x. * Footnote (*) to the "GENERAL CHARACTERISTICS" table in the "Mortgage Pool Characteristics as of the Cut-off Date" section to this Structural and Collateral Term Sheet 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 14 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE* - -------------------------------------------------------------------------------- PREPAYMENT PROVISIONS BASED ON OUTSTANDING PRINCIPAL BALANCE PREPAYMENT PROVISIONS(1) JUN-06 JUN-07 JUN-08 JUN-09 JUN-10 JUN-11 JUN-12 - ------------------------------------------------------------------------------------------------------------------------------ Lockout/Defeasance(2) 98.55% 98.54% 91.61% 84.23% 82.61% 82.26% 82.29% Yield Maintenance(2) 1.45% 1.46% 8.39% 15.77% 17.39% 17.34% 17.31% Open 0.00% 0.00% 0.00% 0.00% 0.00% 0.40% 0.40% - ------------------------------------------------------------------------------------------------------------------------------ Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - ------------------------------------------------------------------------------------------------------------------------------ Total Beginning Balance (in millions) $2,699.08 $2,684.59 $2,668.11 $2,647.07 $2,622.42 $2,501.88 $2,469.47 Percent of Aggregate Cut-off Date Balance 100.00% 99.46% 98.85% 98.07% 97.16% 92.69% 91.49% PREPAYMENT PROVISIONS(1) JUN-13 JUN-14 JUN-15 JUN-16 JUN-17 JUN-18 JUN-19 JUN-20 - -------------------------------------------------------------------------------------------------------------------------------- Lockout/Defeasance(2) 81.33% 81.32% 78.57% 99.56% 99.03% 0.00% 0.00% 0.00% Yield Maintenance(2) 18.24% 18.24% 17.22% 0.44% 0.97% 100.00% 100.00% 100.00% Open 0.43% 0.44% 4.21% 0.00% 0.00% 0.00% 0.00% 0.00% - -------------------------------------------------------------------------------------------------------------------------------- Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - -------------------------------------------------------------------------------------------------------------------------------- Total Beginning Balance (in millions) $2,304.95 $2,263.45 $2,200.73 $107.73 $ 40.07 $ 0.30 $ 0.20 $ 0.10 Percent of Aggregate Cut-off Date Balance 85.40% 83.86% 81.54% 3.99% 1.48% 0.01% 0.01% 0.00% (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, 29 of the Mortgage Loans, representing 13.0% of the Initial Pool Balance (26 Mortgage Loans representing 12.6% of the Group 1 Balance and three Mortgage Loans representing 18.6% of the Group 2 Balance), (a) have an initial lock-out period, (b) are then subject after expiration of the initial lock-out period to a period where the borrower has an option to prepay the loan subject to the greater of a yield maintenance charge or a 1% prepayment premium and (c) become thereafter prepayable without an accompanying prepayment premium or yield maintenance charge, prior to its maturity. One Mortgage Loan, representing 1.0% of the initial pool balance and 1.1% of the Group 1 Balance has no lockout period but permits prepayment subject to the greater of a yield maintenance charge or a 1% prepayment premium and becomes thereafter prepayable without an accompanying prepayment premium or yield maintenance charge prior to its maturity. Two Mortgage Loans, representing 0.5% of the Initial Pool Balance (0.5% of the Group 1 Balance), are not subject to an initial lockout period but permit prepayment subject to the greater of a yield maintenance charge or a 1% prepayment premium for an initial period of time after which either prepayment (subject to the greater of a yield maintenance charge or a 1% prepayment premium) or defeasance is permitted followed by an open period. One Mortgage Loan, representing 3.6% of the Initial Pool Balance (3.9% of the Group 1 Balance), is after a lockout period (a) subject to defeasance or (b) subject to the greater of a yield maintenance charge or a 1% prepayment premium, and becomes thereafter prepayable without an accompanying prepayment premium or yield maintenance charge, prior to its maturity. * Footnote (*) to the "GENERAL CHARACTERISTICS" table in the "Mortgage Pool Characteristics as of the Cut-off Date" section to this Structural and Collateral Term Sheet 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 15 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE* - -------------------------------------------------------------------------------- FIVE YEAR LOANS % OF MORTGAGE CUT-OFF INITIAL LOAN PROPERTY DATE POOL LOAN PROPERTY NAME SELLER CITY STATE TYPE BALANCE BALANCE GROUP - -------------------------- -------- ---------------- ----- ----------- ----------- ------- ----- The Biltmore ............. BCRE Atlanta GA Office $34,500,000 1.3% 1 Doubletree Hotel - Palm Beach Palm Beach Gardens ................ BCRE Gardens FL Hotel 24,000,000 0.9 1 Polos at Hudson Corners ................ BCRE Greer SC Multifamily 14,150,000 0.5 2 Green Meadows ............ BCRE Lewis Center OH Industrial 7,420,000 0.3 1 NorthGate Shopping Center ................. BSCMI Sheboygan WI Retail 6,185,000 0.2 1 Fed Ex Ground Packaging .............. BCRE Auburn MA Industrial 5,720,000 0.2 1 DeVry University Center ................. BCRE Colorado Springs CO Office 2,800,000 0.1 1 ----------- --- TOTAL/WTD. AVG. .......... $94,775,000 3.5% =========== === LOAN REMAINING % OF BALANCE MATURITY INTEREST REMAINING APPLICABLE TOTAL PER CUT-OFF DATE ONLY TERM TO LOAN UNITS/SF/ UNIT/SF/ U/W DATE LTV LTV PERIOD MATURITY PROPERTY NAME GROUP KEYS KEY DSCR RATIO RATIO (MONTHS) (MONTHS) - ------------------------- ---------- --------- -------- ---- -------- -------- --------- --------- The Biltmore ............. 1.4% 283,718 $ 122 1.20x 67.3% 64.0% 9 57 Doubletree Hotel - Palm Beach Gardens ................ 1.0% 279 $86,022 1.21x 68.0% 65.7% 23 59 Polos at Hudson Corners ................ 7.7% 292 $48,459 1.40x 78.6% 78.6% 60 60 Green Meadows ............ 0.3% 156,800 $ 47 1.27x 77.3% 72.7% 0 60 NorthGate Shopping Center ................. 0.2% 73,647 $ 84 2.22x 61.2% 61.2% 52 52 Fed Ex Ground Packaging .............. 0.2% 66,731 $ 86 1.15x 74.3% 72.7% 36 60 DeVry University Center ................. 0.1% 17,515 $ 160 1.20x 71.8% 70.3% 36 60 TOTAL/WTD. AVG. .......... 1.30X 70.1% 67.8% SEVEN YEAR LOANS % OF MORTGAGE CUT-OFF INITIAL LOAN PROPERTY DATE POOL LOAN PROPERTY NAME SELLER CITY STATE TYPE BALANCE BALANCE GROUP - -------------------------- -------- ----------- ----- ---------- ------------ ------- ----- Faneuil Hall ............. BofA Boston MA Retail $ 97,802,947 3.6% 1 GSA - Milwaukee .......... BCRE Milwaukee WI Office 13,930,553 0.5 1 Ford - Princeton Park .... BofA Princeton IN Industrial 11,026,282 0.4 1 26211 Enterprise Way BCRE Lake Forest CA Office 9,976,000 0.4 1 Parkway Medical Center ................. BofA Greenfield IN Office 7,567,755 0.3 1 Broadway Festival Plaza .................. BofA Chicago IL Retail 4,672,183 0.2 1 Archer and Central Plaza .................. BofA Chicago IL Retail 3,301,279 0.1 1 Jacobson Portfolio ....... BCRE Sioux City IA Industrial 3,056,246 0.1 1 ------------ --- TOTAL/WTD. AVG. .......... $151,333,244 5.6% ============ === LOAN REMAINING % OF BALANCE MATURITY INTEREST REMAINING APPLICABLE TOTAL PER CUT-OFF DATE ONLY TERM TO LOAN UNITS/SF/ UNIT/SF/ U/W DATE LTV LTV PERIOD MATURITY PROPERTY NAME GROUP KEYS KEY DSCR RATIO RATIO (MONTHS) (MONTHS) - -------------------------- ---------- --------- -------- ---- -------- -------- --------- --------- Faneuil Hall ............. 3.9% 371,630 $263 1.58x 56.8% 51.1% 0 82 GSA - Milwaukee .......... 0.6% 101,895 $137 1.44x 67.3% 61.1% 0 79 Ford - Princeton Park .... 0.4% 368,450 $ 30 1.25x 70.2% 63.4% 0 81 26211 Enterprise Way 0.4% 58,760 $170 1.13x 69.0% 65.7% 36 84 Parkway Medical Center .................. 0.3 68,072 111 1.26x 79.7 70.5 0 92(1) Broadway Festival Plaza ................... 0.2% 27,384 $171 1.21x 76.6% 69.4% 0 81 Archer and Central Plaza ................... 0.1% 30,437 $108 1.37x 66.8% 65.2% 0 81 Jacobson Portfolio ....... 0.1% 171,678 $ 18 1.57x 59.9% 51.8% 0 83 TOTAL/WTD. AVG. .......... 1.48X 61.6% 55.7% (1) The original term of this Mortgage Loan was 96 months. * Footnote (*) to the "GENERAL CHARACTERISTICS" table in the "Mortgage Pool Characteristics as of the Cut-off Date" section to this Structural and Collateral Term Sheet 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 16 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- 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 % OF INITIAL APPLICABLE MORTGAGE CUT-OFF DATE POOL LOAN LOAN GROUP LOAN NAME LOAN SELLER BALANCE BALANCE GROUP BALANCE - ---------------------------------------- ----------- -------------- ------- ----- ---------- 181 West Madison Street ................ BofA $ 206,000,000 7.6% 1 8.2% Eastland Mall .......................... BofA 168,000,000 6.2 1 6.7% Desert Passage ......................... BofA 131,883,333 4.9 1 5.2% Bon-Ton Department Stores Portfolio..... BofA 129,658,386 4.8 1 5.2% 150 East 52nd Street ................... BofA 100,000,000 3.7 1 4.0% 55 & 215 West 125th Street ............. BSCMI 98,250,000 3.6 1 3.9% Faneuil Hall ........................... BofA 97,802,947 3.6 1 3.9% Savannah Marriott ...................... BofA 82,725,000 3.1 1 3.3% Embassy Suites Chicago ................. BSCMI 75,000,000 2.8 1 3.0% Dominion Tower ......................... BofA 63,650,000 2.4 1 2.5% -------------- ---- TOTAL/WTD. AVG.: ....................... $1,152,969,666 42.7% ============== ==== CUT-OFF DATE MATURITY PROPERTY LTV DATE LTV UNDERWRITTEN MORTGAGE LOAN NAME TYPE RATIO RATIO DSCR RATE - ---------------------------------------- -------- ------- -------- ------------ ---------- 181 West Madison Street ................ Office 69.6% 64.2% 1.10x 6.033%(1) Eastland Mall .......................... Retail 79.6% 79.6% 1.35x 5.794% Desert Passage ......................... Retail 72.6% 65.3% 1.29x 5.464%(1) Bon-Ton Department Stores Portfolio..... Retail 79.2% 62.1% 1.23x 6.213%(1) 150 East 52nd Street ................... Office 78.7% 78.7% 1.28x 5.819%(1) 55 & 215 West 125th Street ............. Office 74.9% 66.4% 1.18x 5.815%(1) Faneuil Hall ........................... Retail 56.8% 51.1% 1.58x 5.570%(1) Savannah Marriott ...................... Hotel 75.0% 64.2% 1.43x 6.232% Embassy Suites Chicago ................. Hotel 65.8% 57.7% 1.44x 5.577%(1) Dominion Tower ......................... Office 66.3% 62.0% 1.21x 5.894% TOTAL/WTD. AVG.: ....................... 72.6% 66.1% 1.29X 5.854% (1) Rounded to three decimal places. * Footnote (*) to the "GENERAL CHARACTERISTICS" table in the "Mortgage Pool Characteristics as of the Cut-off Date" section to this Structural and Collateral Term Sheet 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 17 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 181 WEST MADISON STREET - -------------------------------------------------------------------------------- [PHOTO 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 18 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 181 WEST MADISON STREET - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS 181 WEST MADISON STREET - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL NOTE PRINCIPAL BALANCE: $206,000,000 FIRST PAYMENT DATE: June 1, 2006 TERM/AMORTIZATION: 120/360 months INTEREST ONLY PERIOD: 48 months MATURITY DATE: May 1, 2016 EXPECTED NOTE MATURITY BALANCE: $189,948,806 BORROWING ENTITY: 181 West Madison CF Borrower, LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 117 payments Open: 3 payments FUTURE MEZZANINE DEBT: Yes UP-FRONT RESERVES: TAX RESERVE: Yes TENANT $6,920,524 IMPROVEMENT/LEASING RESERVE: OTHER RESERVE(1): $986,796 ONGOING MONTHLY RESERVES: TAX RESERVE: Yes REPLACEMENT RESERVE: $30,564 LOCKBOX: Hard - -------------------------------------------------------------------------------- (1) Borrower has established the "Free Rent Account" in the amount of $986,796 of which $276,940 represents the remaining free rent period under the "Geneva Lease" and $709,856 represents the free rent period under the "Quantitative Lease". - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $206,000,000 CUT-OFF DATE LTV: 69.6% MATURITY DATE LTV: 64.2% UNDERWRITTEN DSCR(1): 1.10x INTEREST ONLY DSCR(2): 1.29x MORTGAGE RATE(3): 6.033% - -------------------------------------------------------------------------------- (1) DSCR figures based on net cash flow unless otherwise noted. (2) Underwritten DSCR during partial interest only period. (3) The interest rate was rounded to three decimal places. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Office PROPERTY SUB TYPE: CBD LOCATION: Chicago, IL YEAR BUILT/RENOVATED: 1990/NAP NET RENTABLE SQUARE FEET: 940,639 CUT-OFF BALANCE PSF: $219 OCCUPANCY AS OF 03/31/2006: 84.9% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: MB Real Estate Services, LLC U/W NET CASH FLOW: $16,316,662 APPRAISED VALUE: $296,000,000 - -------------------------------------------------------------------------------- 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 19 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 181 WEST MADISON STREET - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR FULL YEAR (12/31/2003) (12/31/2004) (12/31/2005) UNDERWRITTEN ------------ ------------ ------------ ------------ Effective Gross Income ....... $32,423,720 $31,823,868 $33,780,931 $33,658,327 Total Expenses ............... $15,446,326 $15,605,082 $16,048,406 $16,578,606 Net Operating Income (NOI) ... $16,977,394 $16,218,786 $17,732,525 $17,079,721 Cash Flow (CF) ............... $12,994,921 $16,218,786 $17,732,525 $16,316,662 DSCR on NOI .................. 1.14x 1.09x 1.19x 1.15x DSCR on CF ................... 0.87x 1.09x 1.19x 1.10x TENANT INFORMATION(1) RATINGS TOTAL % OF RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS FITCH/S&P TENANT SF TOTAL SF PSF RENT RENT EXPIRATION - -------------------------------- --------- --------- -------- ------ ----------- ----------- ---------- The Northern Trust Company ..... AA-/AA- 318,446 33.9% $22.75 $ 7,245,634 35.7% 12/31/2020 LaSalle National Bank .......... AA-/A+ 153,207 16.3 $14.17 2,171,599 10.7 01/31/2008 UBS Financial Services, Inc. ... AA+/AA+ 56,199 6.0 $33.77 1,897,840 9.4 12/31/2015 Quantitative Risk Management ... Not Rated 47,348 5.0 $22.50 1,065,330 5.3 12/31/2012 ------- ---- ----------- ---- TOTAL .......................... 575,200 61.1% $12,380,403 61.1% ======= ==== =========== ==== (1) Information obtained from underwritten rent roll except for Ratings (Fitch/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 .............. 2 18,323 1.9% 18,323 1.9% $ 471,834 2007 .............. 4 17,498 1.9 35,821 3.8% $ 725,029 2008 .............. 4 153,207 16.3 189,028 20.1% $2,171,599 2009 .............. 1 3,595 0.4 192,623 20.5% $ 64,854 2010 .............. 6 39,706 4.2 232,329 24.7% $1,171,345 2011 .............. 1 13,826 1.5 246,155 26.2% $ 424,735 2012 .............. 3 83,366 8.9 329,521 35.0% $1,452,524 2013 .............. 1 44,960 4.8 374,481 39.8% $ 921,680 2014 .............. 2 21,839 2.3 396,320 42.1% $ 473,906 2015 .............. 4 80,937 8.6 477,257 50.7% $2,580,268 2016 .............. 1 13,227 1.4 490,484 52.1% $ 221,552 2020 .............. 5 317,525 33.8 808,009 85.9% $6,764,250 Vacant ............ -- 132,630 14.1 940,639 100.0% $2,830,021 --- ------- ----- TOTAL ............. 34 940,639 100.0% === ======= ===== (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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 20 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 181 WEST MADISON STREET - -------------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT TENANTS The four largest tenants, representing 61.1% of the total net rentable square feet, are: o THE NORTHERN TRUST COMPANY ("Northern Trust") (NASDAQ: "NTRS") (rated "AA-" by Fitch and "AA-" by S&P) occupies a total of 318,446 square feet (33.9% of square feet, 35.7% of rental income) under four leases. Lease expiration dates range from June 30, 2007 to December 31, 2020, with 306,100 of the space expiring on December 31, 2020, 7,446 square feet expiring on June 30, 2007 and the remaining 4,900 square feet expiring on September 30, 2020. The current blended rental rate per square foot of $22.75 increases annually by 3%. There are two five-year options to renew the leases with the rental rate per square foot determined at 95% of the then fair market. Northern Trust has three contraction options for one full floor on each contraction date of July 1, 2007, July 1, 2011 and July 1, 2015 with 15 months written notice. Northern Trust also has three expansion options for any floors between 17 and 38 on each expansion date of February 1, 2008, November 1, 2012 and August 1, 2015 with 12 months written notice. Northern Trust provides asset management and related services to corporate and public entity retirement funds, foundation and endowment clients, fund managers, insurance companies and government funds. In addition, Northern Trust provides personal trust, custody and investment management services, individual retirement accounts, guardianship and estate administration, qualified retirement plans, banking, personal lending and residential real estate mortgage lending. Northern Trust Corporation employs approximately 9,000 people. As of the fiscal year ended December 31, 2005, Northern Trust Corporation reported revenue of approximately $3.6 billion, net income of $584.4 million and stockholder equity of $3.6 billion. o LASALLE NATIONAL BANK ("LaSalle") (rated "AA-" by Fitch and "A+" by S&P) occupies a total of 153,207 square feet (16.3% of square feet, 10.7% of rental income) under four leases. Lease expiration dates range from January 31, 2008 to December 31, 2008, with 131,487 square feet of the space expiring on January 31, 2008 and the remaining 21,720 expiring on December 31, 2008. The current blended rental rate per square foot of $14.17 increases annually by 3%. There are two five-year options to renew the leases with the rental rate per square foot determined at 95% of the then fair market. LaSalle is one of the largest banks in the Midwest and second largest in Chicago. LaSalle serves individuals, small businesses, middle-market companies and institutions to meet the scope of customer financial needs. LaSalle operates more than 140 branches and 500 ATMs located throughout Chicago and in the neighboring suburbs. LaSalle is a subsidiary of Netherlands-based ABN AMRO Bank N.V. ("ABN AMRO") (NYSE: "ABN") (rated "AA-" by Fitch and "AA-" by S&P). ABN AMRO operates more than 3,500 branches located in 58 countries and territories and employs approximately 97,000 people. As of the fiscal year ended December 31, 2005, ABN AMRO reported revenue of approximately $54.0 billion, net income of $3.4 billion and stockholder equity of $33.7 billion. o UBS FINANCIAL SERVICES, INC. ("UBS") (NYSE: "UBS") (rated "AA+" by Fitch and "AA+" by S&P) occupies 56,199 square feet (6.0% of square feet, 9.4% of rental income) under a 25-year lease expiring on December 31, 2015. The current rental rate per square foot of $33.77 increases annually by 3%. There is one five-year option to renew the lease with the rental rate per square foot determined at the then fair market. UBS has an early lease termination option effective December 31, 2010 with 15 months written notice and payment of a cancellation fee of $2,724,796. UBS has the right of first offer for space on the 41st and 45th floors. UBS is a subsidiary of UBS AG. UBS AG provides financial services worldwide. UBS conducts wealth management, asset management and investment banking and securities businesses. The investment banking and securities business offers equity, equity-linked and equity derivative products to primary and secondary markets. In addition, UBS offers comprehensive banking and securities services for corporations, institutional investors, public entities and foundations, and financial institutions worldwide. UBS AG employs approximately 70,000 people. As of the fiscal year ended December 31, 2005, UBS AG reported revenue of approximately $76.3 billion, net income of $10.7 billion and stockholder equity of $39.5 billion. o QUANTITATIVE RISK MANAGEMENT ("Quantitative") (not rated) occupies 47,348 square feet (5.0% of square feet, 5.3% of rental income) under a ten-year lease expiring on December 31, 2012. The current rental rate per square foot of $22.50 increases annually by 1.0%. There is one five-year option to renew the lease with the rental rate per square foot determined at the then fair market. Quantitative is one of the world's leading enterprise risk management and consulting firms. Quantitative specializes in providing advisory services for credit risk management, market risk management, asset/liability management, funds transfer pricing/profitability analysis, and mortgage banking risk management. Founded in 1987 and headquartered in Chicago, Quantitative has additional offices located in London and Singapore. Through the expertise of over 150 financial industry professionals, Quantitative provides sophisticated option-based pricing, hedging and forecasting analyses to clients. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 21 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 181 WEST MADISON STREET - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The 181 West Madison Street Mortgage Loan is a $206.0 million, ten-year fixed rate loan secured by a first mortgage on a "Class A" office building located in Chicago, Illinois. The 181 West Madison Street Mortgage Loan is interest only for the first four years of the loan term, amortizes over a 30 year period, matures on May 1, 2016 and accrues interest at an annual rate, rounded to three decimal places, of 6.033%. THE BORROWER: o The 181 West Madison Street Borrower is 181 West Madison CF Borrower, LLC, a Delaware limited liability company and a single purpose bankruptcy remote entity with at least two independent directors for which the 181 West Madison Street Borrower's counsel has delivered a non-consolidation opinion. Equity ownership is held 100% by 181 West Madison CF Owner, LLC, a Delaware limited liability company. Through a series of intermediate ownership levels, equity ownership is eventually held 50% each by the General Electric Pension Trust and UBS Wealth Management -- North American Property Funds Limited. o General Electric Pension Trust has $46.7 billion in assets and $2.8 billion invested in real estate. The advisor is GE Asset Management, a wholly owned subsidiary of the General Electric Company. GE Asset Management currently manages investment funds in excess of $192 billion. GE Asset Management and affiliated entities have been managing investments for General Electric's employee pension and benefit plans since the 1920s. o UBS Wealth Management -- North American Property Funds Limited has invested approximately $600 million in North American commercial and residential real estate on behalf of foreign investors since October 2004. THE PROPERTY: o The 181 West Madison Street Mortgaged Property consists of a fee simple interest in a Class "A" office building built in 1990. The 50-story improvements contain 940,639 net rentable square feet, of which 931,297 square feet is office space and 9,342 is retail space, and is situated on 0.79 acres. Additional improvements consist of an underground parking garage containing 56 parking spaces. The 181 West Madison Street Mortgaged Property is currently occupied by 18 office tenants ranging in size from 3,042 to 318,446 square feet and five retail tenants ranging in size from 210 to 3,406 square feet. o The 181 West Madison Street Mortgaged Property is located at the southeast corner of Madison Street and Wells Street in Chicago's Central Loop submarket. Its located within a few blocks of Chicago's main government buildings, the Mercantile Exchange and the Chicago headquarters for numerous financial institutions. The property is accessible by commuter train, elevated and subway train, bus and car. o The 181 West Madison Street Borrower is generally required at its sole cost and expense to keep the 181 West Madison 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 MB Real Estate Services, LLC manages the 181 West Madison Street Mortgaged Property. MB Real Estate Services, a third party independent company founded in 1982 and headquartered in Chicago, currently manages approximately 16.0 million square feet of corporate and government properties. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 22 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 181 WEST MADISON STREET - -------------------------------------------------------------------------------- FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o The 181 West Madison Street Borrower is permitted to incur mezzanine financing 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 a subordination and 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 181 West Madison Street Mortgage Loan, results in a maximum loan-to-value ratio (as reasonably calculated by the mortgagee) greater than 75% and a minimum debt service coverage ratio (as reasonably calculated by the mortgagee) less than 1.09x; and (e) 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 181 West Madison Street 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 23 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 181 WEST MADISON 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 24 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET EASTLAND MALL - -------------------------------------------------------------------------------- [PHOTO 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 25 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET EASTLAND MALL - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS EASTLAND MALL - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL NOTE PRINCIPAL BALANCE: $168,000,000 FIRST PAYMENT DATE: July 1, 2006 TERM/AMORTIZATION: 120/0 months INTEREST ONLY PERIOD: 120 months MATURITY DATE: June 1, 2016 EXPECTED NOTE MATURITY BALANCE: $168,000,000 BORROWING ENTITY: SM Eastland Mall, LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 113 payments Open: 7 payments FUTURE MEZZANINE DEBT: Yes LOCKBOX: Hard - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $168,000,000 CUT-OFF DATE LTV: 79.6% MATURITY DATE LTV: 79.6% UNDERWRITTEN DSCR(1): 1.35x MORTGAGE RATE: 5.794% - -------------------------------------------------------------------------------- (1) DSCR figures based on net cash flow unless otherwise noted. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Retail PROPERTY SUB TYPE: Anchored LOCATION: Evansville, IN YEAR BUILT/RENOVATED: 1978/1996 NET RENTABLE SQUARE FEET: 709,820 CUT-OFF BALANCE PSF: $237 OCCUPANCY AS OF 03/09/2006: 96.7% OWNERSHIP INTEREST: Fee/Leasehold PROPERTY MANAGEMENT: Simon Management Associates, LLC U/W NET CASH FLOW: $ 13,336,092 APPRAISED VALUE: $211,000,000 - -------------------------------------------------------------------------------- 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 26 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET EASTLAND MALL - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR FULL YEAR (12/31/2003) (12/31/2004) (12/31/2005) UNDERWRITTEN ------------ ------------ ------------ ------------ Effective Gross Income ....... $17,086,686 $17,992,920 $18,608,781 $19,785,046 Total Expenses ............... $ 4,897,989 $ 5,438,922 $ 5,247,286 $ 5,822,893 Net Operating Income (NOI) ... $12,188,697 $12,553,998 $13,361,495 $13,962,153 Cash Flow (CF) ............... $12,188,697 $12,553,998 $13,361,495 $13,336,092 DSCR on NOI .................. 1.24x 1.27x 1.35x 1.41x DSCR on CF ................... 1.24x 1.27x 1.35x 1.35x - -------------------------------------------------------------------------------- TENANT INFORMATION(1) - -------------------------------------------------------------------------------- % OF RATINGS TOTAL TOTAL RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS FITCH/S&P TENANT SF SF PSF RENT RENT EXPIRATION - ------------------------------ --------- --------- ------ ----- ---------- ----------- ---------- J.C. Penney .................. BBB-/BBB- 158,385 22.3% $3.40 $ 538,679 4.2% 02/28/2011 Toys R Us/Kids R Us .......... B/B- 66,699 9.4 $2.23 148,500 1.1 01/31/2013 SM Newco ..................... Not Rated 60,010 8.5 $3.15 189,000 1.5 02/28/2009 Marshalls .................... NR/A 35,150 5.0 $7.92 278,388 2.1 01/31/2010 ------- ---- ---------- --- TOTAL ........................ 320,244 45.1% $1,154,567 8.9% (1) Information obtained from underwritten rent roll except for Ratings (Fitch/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 - ------------------------------ ----------- -------- -------- ---------- ------------- ---------- 2007 ......................... 17 57,015 8.0% 57,015 8.0% $1,231,767 2008 ......................... 12 26,363 3.7 83,378 11.7% $ 800,500 2009 ......................... 11 99,758 14.1 183,136 25.8% $1,170,509 2010 ......................... 11 83,605 11.8 266,741 37.6% $1,587,584 2011 ......................... 11 181,821 25.6 448,562 63.2% $1,455,123 2012 ......................... 14 42,330 6.0 490,892 69.2% $1,427,903 2013 ......................... 4 73,909 10.4 564,801 79.6% $ 367,560 2014 ......................... 5 14,748 2.1 579,549 81.6% $ 612,202 2015 ......................... 9 23,428 3.3 602,977 84.9% $1,003,432 2016 ......................... 7 29,631 4.2 632,608 89.1% $ 933,366 2020 ......................... 1 8,670 1.2 641,278 90.3% $ 60,500 2021 ......................... 1 8,000 1.1 649,278 91.5% $ 85,000 MTM .......................... 15 39,284 5.5 688,562 97.0% $1,293,271 Vacant ....................... -- 21,258 3.0 709,820 100.0% $ 943,910 --- ------- ----- TOTAL ........................ 118 709,820 100.0% (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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 27 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET EASTLAND MALL - -------------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT TENANTS The four largest tenants, representing 45.1% of the total net rentable square feet, are: o J.C. PENNEY (NYSE: "JCP") (rated "BBB-" by Fitch and "BBB-" by S&P) occupies 158,385 square feet (22.3% of square feet, 4.2% of rental income) under a five-year lease renewal option period expiring on February 28, 2011. The rental rate per square foot of $3.40 remains constant during the remaining lease term. There are three five-year options remaining to renew the lease. J.C. Penney is a multi-line retailer selling family apparel, jewelry, shoes, accessories and home furnishings. J.C. Penney operates 1,019 department stores located in 49 states and Puerto Rico. J.C. Penney employs approximately 151,000 people. As of the fiscal year ended January 28, 2006, J.C. Penney reported revenue of approximately $18.8 billion, net income of $1.1 billion and stockholder equity of $4.0 billion. o TOYS R US / KIDS R US ("Toys R Us") (rated "B" by Fitch and "B-" by S&P) occupies 66,699 square feet (9.4% of square feet, 1.1% of rental income) under a 25-year lease expiring on January 31, 2013. The current rental rate per square foot of $2.23 increases by 10% in lease year 20 and remains constant during the remaining lease term. There are two five-year options to renew the lease with the rental rate per square foot increasing by 10% for each renewal period. Toys R Us is a specialty retailer of toys, children's apparel and baby products operating 1,469 stores worldwide. Toys R Us operates 1,237 stores under the Toys R Us brand name (including 587 domestically and 650 internationally) and operates 232 stores (domestically) under the Babies R Us brand name. Toys R Us employs approximately 157,000 people. Toys R Us was purchased in July 2005 for approximately $6.6 billion by an investment group consisting of entities advised by or affiliated with Bain Capital Partners, Kohlberg Kravis Roberts & Co. and Vornado Realty Trust. o SM NEWCO (not rated) leases 60,010 square feet (8.5% of square feet, 1.5% of rental income) under a 30-year lease expiring on February 28, 2009. The rental rate per square foot of $3.15 remains constant. There are two five-year options to renew the lease. SM Newco is the successor to Service Merchandise after bankruptcy. The space is subleased to Bed Bath & Beyond (31,600 square feet) and David's Bridal (10,200 square feet). The remaining 18,210 square feet is vacant, but SM Newco is paying rent under the lease. Bed Bath & Beyond (NASDAQ: "BBBY") (not rated by Fitch and rated "BBB" by S&P) sells domestic merchandise and home furnishings, giftware, household items, and health and beauty care items. Bed Bath & Beyond operates 809 stores located in the United States and Puerto Rico and employs approximately 33,000 people. As of the fiscal year ended February 25, 2006, Bed Bath & Beyond reported revenue of approximately $5.8 billion, net income of $572.9 million and stockholder equity of $2.3 billion. David's Bridal is the country's largest retailer of bridal gowns and other bridal party-related merchandise and currently operates more than 250 stores nationwide. David's Bridal is an operating division of Federated Department Stores ("Federated") (NYSE: "FD") (rated "BBB+" by Fitch and "BBB" by S&P). Federated sells men's, women's and children's apparel and accessories, cosmetics and home furnishings. Federated operates 868 stores located in 45 states, Washington D.C., Puerto Rico and Guam under the Macy's, Bloomingdale's, Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, L.S. Ayres, Marshall Field's, Meier & Frank, Robinsons-May, Strawbridge's and The Jones Store brand names. Federated employs approximately 232,000 people. As of the fiscal year ended January 28, 2006, Federated reported revenue of approximately $22.4 billion, net income of $1.4 billion and stockholder equity of $13.5 billion. o MARSHALLS (not rated by Fitch and rated "A" by S&P) occupies 35,150 square feet (5.0% of square feet, 2.1% of rental income) under a 25-year lease expiring on January 31, 2010. The rental rate per square foot of $7.92 remains constant during the remaining lease term. There are three five-year options to renew the lease. Marshalls is also required to pay percentage rent equal to the amount by which 2% of sales exceeds the annual rent. Marshalls is one of the largest off-price family apparel and home fashions retailers in the United States. Marshalls operates 715 stores located in 42 states and Puerto Rico. Marshalls is an operating division of TJX Companies Inc. ("TJX") (NYSE: "TJX") (not rated by Fitch and rated "A" by S&P). TJX is an off-price retailer of apparel and home fashions through the Marshalls (715 stores), TJ Maxx (799 stores), AJ Wright (152 stores), HomeGoods (251 stores) and Bob's Stores (35 stores) chains in the United States, the Winners (174 stores) and HomeSense (58 stores) chains in Canada, and the TK Maxx (198 stores) chain in the United Kingdom and Ireland. TJX employs approximately 119,000 people worldwide. As of the fiscal year ended January 28, 2006, TJX reported revenue of approximately $16.1 billion, net income of $690.4 million and stockholder equity of $1.9 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 28 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET EASTLAND MALL - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The Eastland Mall Mortgage Loan is a $168.0 million, ten-year fixed rate loan secured by a first mortgage on a regional mall located in Evansville, Vanderburgh County, Indiana. The Eastland Mall Mortgage Loan is interest only for the entire loan term, matures on June 1, 2016 and accrues interest at an annual rate of 5.794%. THE BORROWER: o The Eastland Mall Borrower is SM Eastland Mall, LLC, a Delaware limited liability company and a single purpose bankruptcy remote entity with at least two independent members for which the Eastland Mall Borrower's counsel has delivered a non-consolidation opinion. Through a series of intermediate ownership levels, equity ownership is eventually held 50% each by The Macerich Partnership, L.P. and Simon Property Group, L. P. o The Macerich Company ("Macerich") (NYSE: "MAC") (not rated) is a real estate investment trust engaged in the acquisition, ownership, development, redevelopment, management and leasing of regional malls and community shopping centers. Macerich owns or holds an interest in 98 properties consisting of 76 regional malls, 20 community shopping centers and two development/redevelopment projects containing a total of 80.0 million square feet located throughout the United States. Macerich employs approximately 4,500 people. As of the fiscal year ended December 31, 2005, Macerich reported revenue of approximately $767.4 million, net income of $71.7 million and stockholder equity of $827.1 million. o Simon Property Group, Inc. ("Simon") (NYSE: "SPG") (rated "BBB+" by Fitch and "A--" by S&P), the largest publicly traded real estate investment trust in North America, is engaged in the ownership, operation, leasing, management, acquisition, expansion and development of real estate properties, primarily regional malls, outlet centers and community shopping centers. Simon owns or holds an interest in 296 properties consisting of 172 regional malls, 30 outlet centers, 71 community shopping centers and 23 other properties containing a total of approximately 200 million square feet located in 39 states and Puerto Rico. Simon also has interests in 12 parcels of land held in the United States for future development, 51 European shopping centers located in France, Italy, Poland and Portugal, four outlet centers located in Japan, one outlet center located in Mexico and one community shopping center located in Canada. Simon provides leasing, management and development services to its properties. Simon employs approximately 3,000 people. As of the fiscal year ended December 31, 2005, Simon reported revenue of approximately $3.2 billion, net income of $475.7 million and stockholder equity of $4.3 billion. THE PROPERTY: o The Eastland Mall Mortgaged Property consists of a fee/leasehold interest in a regional mall built in 1978 and most recently expanded and renovated in 1996. The collateral improvements consist of the J.C. Penney anchor tenant building and the in-line mall stores containing a total of 709,820 gross leasable square feet situated on 51.89 acres. o There are more than 100 in-line/kiosk tenants ranging in size from nine to 66,699 square feet. In-line tenants over 8,000 square feet are Toys R Us / Kids R Us, SM Newco (subleased to Bed Bath & Beyond and David's Bridal), Marshalls, Old Navy, fye, Express Women and Talbot's / Talbot's Petites. The in-line/kiosk tenants together occupy 67.3% of the total square feet and contribute 85.5% of the gross potential rental income. Macy's (159,068 square feet) and Famous Barr (180,000 square feet) are non-collateral, ground leased shadow anchor tenants. Including Macy's and Famous Barr, there is a total of 1,048,888 square feet in the Eastland Mall. Following Federated Department Stores, Inc.'s acquisition of May Department Stores, the Famous Barr at Eastland Mall was closed by Federated. Federated already owns and operates the Macy's at Eastland Mall. o The enclosed mall and convenience center is located in Evansville, Indiana which is located in the southwest corner of the state approximately 100 miles west of Louisville, Kentucky, 170 miles east of St. Louis, Missouri, and 180 miles south of Indianapolis, Indiana. The primary trade area of five miles has a population of 115,936 and 49,564 households that have an average income of $50,023. Eastland Mall is located two miles west of Interstate 164 which intersects with Interstate 64 approximately 15 miles to the north. Interstate 64 is the major east-west interstate highway in southern Indiana. o The Eastland Mall Borrower is generally required at its sole cost and expense to keep the Eastland Mall Mortgaged Property insured against loss or damage by fire and other risks addressed by coverage of a special cause of loss insurance policy. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 29 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET EASTLAND MALL - -------------------------------------------------------------------------------- PROPERTY MANAGEMENT: o Simon Management Associates, LLC manages the Eastland Mall Mortgaged Property. Simon Management Associates, an Eastland Mall Borrower related entity founded in 1960 and headquartered in Indianapolis, currently manages 285 retail properties containing a total of approximately 200 million square feet located in 39 states and Puerto Rico. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None. FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o The Eastland Mall Borrower is permitted to incur mezzanine financing 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 a subordination and intercreditor agreement in form and substance 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 Eastland Mall Mortgage Loan, results in a maximum loan-to-value ratio greater than 80% and a minimum debt service coverage ratio less than 1.25x; and (e) 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 Eastland Mall Mortgage Loan. COLLATERAL SUBSTITUTION: o The Eastland Mall Borrower may, on a one-time basis, obtain a release of the lien of the mortgage encumbering Eastland Mall Mortgaged Property ("Release Property") by substituting therefore another retail property of like kind and quality acquired by the Eastland Mall Borrower (the "New Property"). In addition, any such substitution is subject to, without limitation, the following conditions precedent: (a) the related sponsor or an affiliate controls the Eastland Mall Borrower; (b) no event of default exists (other than an event of default which would be cured by the substitution of the New Property); (c) receipt by the mortgagee of a FIRREA appraisal of the New Property dated no more than 180 days prior to the substitution by a national appraisal firm, indicating that the fair market value of the New Property is not less than one hundred ten percent of the greater of (i) the appraised value of the Release Property and (ii) the fair market value of the Release Property as of the date immediately preceding the substitution; and (d) the mortgagee will receive confirmation from the rating agencies that such substitution will not result in a downgrade, withdrawal or qualification of any ratings issued, or to be issued, in connection with a securitization involving the Eastland 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 30 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET EASTLAND 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 31 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DESERT PASSAGE - -------------------------------------------------------------------------------- [PHOTO 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 32 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DESERT PASSAGE - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS DESERT PASSAGE - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL NOTE A-3 PRINCIPAL BALANCE: $131,883,333 FIRST PAYMENT DATE: December 1, 2005 TERM/AMORTIZATION: 120/360 months INTEREST ONLY PERIOD: 36 months MATURITY DATE: November 1, 2015 EXPECTED NOTE A-3 MATURITY BALANCE: $118,613,406 BORROWING ENTITY: Boulevard Invest LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 116 payments Open: 4 payments PARI PASSU DEBT: $131,883,334 Note A-1 and $131,883,333 Note A-2 EXISTING MEZZANINE DEBT: $40,000,000 mezzanine loan UP-FRONT RESERVES: TAX RESERVE: Yes TI/LC RESERVE: $8,333,824 PERFORMANCE RESERVE: $40,000,000 OTHER RESERVE: $15,000,000 ONGOING MONTHLY RESERVES: TAX RESERVE: Yes REPLACEMENT RESERVE: $11,115 LOCKBOX: Hard - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- WHOLE LOAN CUT-OFF DATE BALANCE: $395,650,000 NOTE A-1 CUT-OFF DATE BALANCE: $131,883,334 NOTE A-2 CUT-OFF DATE BALANCE: $131,883,333 NOTE A-3 CUT-OFF DATE BALANCE: $131,883,333 CUT-OFF DATE LTV: 72.6% MATURITY DATE LTV: 65.3% UNDERWRITTEN DSCR(1): 1.29x INTEREST ONLY DSCR(2): 1.56x MORTGAGE RATE(3): 5.464% - -------------------------------------------------------------------------------- (1) DSCR figures based on net cash flow unless otherwise noted. (2) Underwritten DSCR during partial interest only period. (3) The interest rate was rounded to three decimal places. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Retail PROPERTY SUB TYPE: Anchored LOCATION: Las Vegas, NV YEAR BUILT/RENOVATED: 2000/NAP NET RENTABLE SQUARE FEET: 493,984 CUT-OFF BALANCE PSF: $801 OCCUPANCY AS OF 06/15/2006: 88.7% LEASED AS OF 06/15/2006: 94.6% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: Related Urban Management Company, LLC U/W NET CASH FLOW: $34,229,639 APPRAISED VALUE: $545,000,000 - -------------------------------------------------------------------------------- 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 33 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DESERT PASSAGE - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR FULL YEAR (12/31/2003) (12/31/2004) (12/31/2005) UNDERWRITTEN - ------------------------------ ------------ ------------ ------------ ------------- Effective Gross Income ....... $34,413,018 $35,687,401 $40,607,009 $51,084,787 Total Expenses ............... $13,495,805 $15,414,804 $17,249,004 $15,931,397 Net Operating Income (NOI) ... $20,917,213 $20,272,597 $23,358,005 $35,153,390 Cash Flow (CF) ............... $20,917,213 $19,435,950 $22,424,385 $34,229,639 DSCR on NOI(1) ............... 0.79x 0.76x 0.88x 1.32x DSCR on CF(1) ................ 0.79x 0.73x 0.84x 1.29x (1) Based on an aggregate principal balance of $395,650,000 (the original whole loan principal balance). TENANT INFORMATION(1) RATINGS TOTAL % OF RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS FITCH/S&P TENANT SF TOTAL SF PSF RENT RENT EXPIRATION - ------------------------------ --------- --------- -------- ------ ---------- ----------- ---------- V Theater .................... Not Rated 30,883 6.3% $42.00 $1,297,086 3.5% 12/31/2013 Planet Hollywood ............. Not Rated 23,029 4.7 $47.17 1,086,192 2.9 08/31/2014 Steve Wyrick Theater ......... Not Rated 22,398 4.5 $32.52 728,383 2.0 12/31/2015 Gap/Gap Kids/Baby Gap ........ BBB-/BBB- 20,872 4.2 $45.51 949,885 2.6 08/31/2010 ------ ---- ---------- ---- TOTAL ........................ 97,182 19.7% $4,061,545 11.0% ====== ==== ========== ==== (1) Information obtained from underwritten rent roll except for Ratings (Fitch/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 ......................... 38 12,999 2.6% 12,999 2.6% $2,737,268 2007 ......................... 6 13,372 2.7 26,371 5.3% $ 558,848 2008 ......................... 5 29,382 5.9 55,753 11.3% $1,555,080 2010 ......................... 43 112,152 22.7 167,905 34.0% $8,528,809 2011 ......................... 17 62,582 12.7 230,487 46.7% $3,322,110 2012 ......................... 13 39,054 7.9 269,541 54.6% $2,345,209 2013 ......................... 6 37,526 7.6 307,067 62.2% $1,738,831 2014 ......................... 5 28,633 5.8 335,700 68.0% $1,250,042 2015 ......................... 18 52,233 10.6 387,933 78.5% $4,131,547 2016 ......................... 13 43,884 8.9 431,817 87.4% $2,727,600 2021 ......................... 1 13,035 2.6 444,852 90.1% $1,380,015 2025 ......................... 4 3,842 0.8 448,694 90.8% $ 353,440 2097 (Parking) ............... 1 -- 0.0 448,694 90.8% $3,438,540 MTM .......................... 9 14,562 2.9 463,256 93.8% $ 681,264 Vacant ....................... -- 30,728 6.2 493,984 100.0% $2,304,892 --- ------- ----- TOTAL ........................ 179 493,984 100.0% === ======= ===== (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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 34 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DESERT PASSAGE - -------------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT TENANTS The two largest tenants representing 19.7% of the total net rentable square feet are: o V THEATER (not rated) occupies 30,883 square feet (6.3% of square feet, 3.5% of rental income) under a ten-year lease expiring on December 31, 2013. The current rental rate per square foot of $42.00 increases to $44.00 on January 1, 2010 for the remainder of the lease term. There are two five-year options to renew the lease with the rental rate per square foot increasing to $46.00 and $48.00 during the two lease renewal periods, respectively. V Theater is an entertainment and dining center providing shows and/or dining. Each section, or the entire facility, can be specifically tailored to meet group needs. The facility can accommodate groups of 20 to 2,000 people. The V Theater also holds up to 500 people in theater-style seating for meetings, concerts and promotional shows. A built in stage and sound system is available for all presentations, shows or entertainment. The catering facilities can provide both on or off-site dining. o PLANET HOLLYWOOD (not rated) occupies 23,029 square feet (4.7% of square feet, 2.9% of rental income) under one ten-year lease expiring on August, 31, 2014 and three 20-year leases all expiring on July 31, 2025. The current rental rates are $36.48 per square foot for the 19,187 square foot space, $80.00 per square foot for the 1,310 square foot space and $120.00 per square foot for the 1,202 square foot space and the 870 square foot space. o STEVE WYRICK THEATER (not rated) occupies 22,398 square feet (4.5% of square feet, 2.0% of rental income) under a ten year lease expiring on December 31, 2015. The initial rental rate per square foot of $31.07 increases to $32.52 on December 1, 2006, to $33.08 on December 1, 2007, to $35.41 on December 1, 2008, to $35.90 on December 1, 2009 and to $42.64 on December 1, 2010 through to the expiration date of December 31, 2015. The rental rate increases to $46.77 during the first five-year extension period and to $50.90 during the second five-year extension period. o GAP/GAP KIDS/BABY GAP ("The Gap") (NYSE: "GPS") (rated "BBB-" by Fitch and "BBB--" by S&P) occupies 20,872 square feet (4.2% of square feet, 2.6% of rental income) under a five-year lease renewal period expiring on August 31, 2010. The current rental rate per square foot of $45.51 remains constant during the remaining lease renewal period. There remains one 5-year option to renew the lease with the rental rate per square foot increasing by the lesser of 12% or the sum of the aggregate percentage increase in the consumer price index for the current lease renewal period plus 4.5%. 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 and Old Navy brand names. The Gap operates 3,050 stores located in the United States, Canada, United Kingdom, France and Japan. The Gap 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. At the end of the fiscal year ended January 28, 2006 the Gap reported revenue of $16.0 billion, net income of $1.1 billion and stockholder equity of $5.4 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 35 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DESERT PASSAGE - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The Desert Passage Mortgage Loan is a $131.9 million, ten-year fixed rate loan secured by a first mortgage on an anchored retail and entertainment center located in Las Vegas, Clark County, Nevada. The Desert Passage Mortgage Loan is interest only for the first three years of the loan term, amortizes over a 30 year period, matures on November 1, 2015 and accrues interest at an annual rate, rounded to three decimal places, of 5.464%. THE BORROWER: o The Desert Passage Borrower is Boulevard Invest LLC, a Delaware limited liability company and a single purpose bankruptcy remote entity with at least two independent directors for which the Desert Passage Borrower's legal counsel has delivered a non-consolidation opinion. Equity ownership is held 100% by Desert Passage Mezz LLC, a Delaware limited liability company, as the Sole Member of the Desert Passage Borrower. The borrower principals are Aby Rosen, Michael Fuchs, David Edelstein and Robert Futterman. o Aby Rosen and Michael Fuchs hold significant equity interests in RFR Holding LLC and RFR Realty LLC. Both companies, located in New York City, are involved in real estate investment, development and management. The Rosen and Fuchs families, from Frankfurt, Germany, have been involved in real estate investment and development throughout Europe for the past 50 years. The RFR Holding LLC companies started in the United States in 1991 and, through various affiliates, presently own approximately 5.0 million square feet of office and retail space, plus approximately 2,500 apartment units. o Mr. Edelstein is the head of Tristar Capital, a Manhattan based real estate firm that invests in both commercial and residential properties. Mr. Edelstein has operated in the New York metropolitan region for over 20 years. Mr. Futterman is the founder and CEO of Robert K. Futterman & Associates, a Manhattan based real estate firm specializing in retail leasing, investment sales and advisory services for retailers and owners and developers. THE PROPERTY: o The Desert Passage Mortgaged Property consists of a fee simple interest in an anchored retail and entertainment center constructed in 2000. The improvements consist of an enclosed one- and part two-story building containing 493,984 net rentable square feet situated on 18.49 acres. o The Desert Passage Mortgaged Property is currently occupied by 174 tenants ranging in size from kiosk to 30,883 square feet, of which 112 are retail tenants, 16 are restaurant/entertainment tenants and 40 are kiosks or wall stores. Retail tenants over 10,000 square feet include The Gap, Urban Outfitters, Prana and Z Gallerie. Restaurant/entertainment tenants over 10,000 square feet include V Theater, Planet Hollywood, Steve Wyrick Theater, Krave, Cheeseburger Las Vegas, Trader Vic's, Commander's Palace and Todai Japanese Seafood Buffet. Additional improvements include an attached 11-level parking structure. o The Desert Passage Mortgaged Property is located in Las Vegas, Nevada on Las Vegas Boulevard ("The Strip") and is built around the Aladdin Resort and Casino and a 7,000 seat performing arts center. In September 2004, a joint venture between Planet Hollywood and Starwood purchased the Aladdin Resort and Casino. The Aladdin Resort and Casino, after significant renovations, is expected to be renamed "Planet Hollywood Resort & Casino" in late 2006. Adjacent properties include the following casinos: Paris Resort and Bally's to the north, Caesar's Palace to the northwest, Bellagio to the west, Monte Carlo and New York, New York to the southeast, and MGM Grand Hotel to the south. o The Desert Passage Borrower is generally required at its sole cost and expense to keep the Desert Passage 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 Related Urban Management Company, LLC manages the Desert Passage Mortgaged Property. Related Urban Management Company, LLC, founded in 1972 and headquartered in New York City, currently manages approximately 1.0 million square feet of commercial real estate and 21,000 apartment units located in nine states. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 36 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DESERT PASSAGE - -------------------------------------------------------------------------------- RESERVES: o The Desert Passage Borrower made the following reserve account deposits at loan closing: $396,837 for Real Estate Tax Reserve, $15,000,000 for Renovations, $8,333,824 for Tenant Improvements/Leasing Commissions and $40,000,000 for Upfront Performance. In addition to the reserve deposited by the Desert Passage Borrower at closing, Desert Passage Borrower is required to make monthly Real Estate Tax and Replacement Reserve deposits in the amount of $198,418 and $11,115, respectively. Funds in the Renovations reserve account represent the anticipated costs of all renovations in connection with renovating the property's entrances and facade and repositioning the Desert Passage Mortgaged Property in the Las Vegas market. This work has commenced and is expected to be completed by October 2006. In addition, the Desert Passage Borrower is required to deposit into the Tenant Improvements/Leasing Commissions reserve account any termination fee payable to the Desert Passage Borrower in connection with any tenant's election to exercise any early termination option contained in its respective lease. Funds in the Tenant Improvements/Leasing Commissions reserve account may be drawn from time to time to reimburse Borrower for the actual costs in connection with leases entered into in accordance with the loan documents. The $40 million Upfront Performance reserve may be released subject to the following criteria: (1) upon the Desert Passage Borrower's written request, which may be made (x) on up to four occasions during the first 12 months of the loan term (provided not more frequently than every 60 days) and (y) not more than once every 90 days thereafter through and including the 24th month of the loan term. After the 24th month, any monies remaining on reserve shall not be subject to further disbursement and (2) Borrower's written request must be subject to the underwritten net cash flow, as calculated by the mortgagee with consideration only to signed leases with tenants in occupancy and paying unabated rent, meeting the cash flow levels as shown in the chart below (based on a trailing two-month basis): UNDERWRITTEN NET CASH FLOW RELEASE AMOUNT - ------------------------------------------- $30,100,000 $10,000,000 $31,400,000 $10,000,000 $32,700,000 $10,000,000 $35,050,000 $10,000,000 CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o $40,000,000 mezzanine piece held outside the trust. FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o Following the scheduled payment date in October 2007, the Desert Passage Borrower is permitted to incur mezzanine financing ("Permitted Junior Mezzanine Loan") 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) the amount of such Permitted Junior Mezzanine Loan will not exceed an amount which, when added to the outstanding principal balance of the Desert Passage Mortgage Loan and the Borrower mezzanine 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 of 1.25x based on underwritten net income; (c) the loan term of the Permitted Junior Mezzanine financing shall be co-terminus with or no longer than the term of the Desert Passage Mortgage Loan; (d) the mezzanine lender will have executed a subordination and intercreditor agreement reasonably satisfactory to the mortgagee, (e) the Permitted Junior Mezzanine Loan will be secured by an equity pledge encumbering direct and indirect ownership interests in the Desert Passage Borrower (and will not be secured by any other collateral); (f) the Permitted Junior Mezzanine Lender will at all times comply with standard rating agency criteria for a qualified mezzanine lender; (g) the mortgagee will receive written confirmation from the rating agencies that the making of Permitted Junior Mezzanine Loan will not result in a downgrade, withdrawal or qualification of the then current ratings of any securities secured by the Desert Passage Whole Loan or a portion thereof; (h) the underwritten net cash flow will not be less than $42,000,000; and (i) the Desert Passage Borrower will have previously qualified for the release of all funds held in the Upfront Performance Reserve Account. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 37 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DESERT PASSAGE - -------------------------------------------------------------------------------- [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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 38 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET BON-TON DEPARTMENT STORES PORTFOLIO - -------------------------------------------------------------------------------- [PHOTO 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 39 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET BON-TON DEPARTMENT STORES PORTFOLIO - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS BON-TON DEPARTMENT STORES PORTFOLIO - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL NOTE PRINCIPAL BALANCE: $130,000,000 FIRST PAYMENT DATE: May 1, 2006 TERM/AMORTIZATION: 120/300 months MATURITY DATE: April 1, 2016 EXPECTED NOTE MATURITY BALANCE: $101,720,106 BORROWING ENTITY: Bonstores Realty Two, LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout: 24 payments GRTR 1% PPMT or Yield Maintenance: 95 payments Open: 1 payment LOCKBOX: Hard - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $129,658,386 CUT-OFF DATE LTV: 79.2% MATURITY DATE LTV: 62.1% UNDERWRITTEN DSCR(1): 1.23x MORTGAGE RATE(2): 6.213% - -------------------------------------------------------------------------------- (1) DSCR figures based on net cash flow unless otherwise noted. (2) The interest rate was rounded to three decimal places. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Retail PROPERTY SUB TYPE: Anchored LOCATION: Various YEAR BUILT/RENOVATED: Various/Various NET RENTABLE SQUARE FEE: 1,664,479 CUT-OFF BALANCE PSF: $78 OCCUPANCY AS OF 06/01/2006: 100.0% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: Borrower/Owner Managed U/W NET CASH FLOW: $ 12,588,420 APPRAISED VALUE: $163,740,000 - -------------------------------------------------------------------------------- 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 40 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET BON-TON DEPARTMENT STORES PORTFOLIO - -------------------------------------------------------------------------------- FINANCIAL INFORMATION UNDERWRITTEN ------------ Effective Gross Income .......................................... $12,967,770 Total Expenses .................................................. $ 129,678 Net Operating Income (NOI) ...................................... $12,838,092 Cash Flow (CF) .................................................. $12,588,420 DSCR on NOI ..................................................... 1.25x DSCR on CF ...................................................... 1.23x TENANT INFORMATION(1) % OF TOTAL % OF RENT POTENTIAL YEAR BUILT/ LEASE TENANTS LOCATION TENANT SF TOTAL SF PSF RENT YEAR RENOVATED EXPIRATION - ------------------------------ ------------------- --------- -------- ------ --------- -------------- ---------- Herberger's .................. Saint Cloud, MN 168,755 10.1% $ 6.50 8.3% 1985/2003 03/05/2021 Younkers ..................... Des Moines, IA 165,000 9.9 $ 6.25 7.8 1994/NAP 03/05/2021 Younkers ..................... West Des Moines, IA 165,000 9.9 $ 4.25 5.3 2004/NAP 03/05/2021 Carson Pirie Scott ........... Wilmette, IL 155,000 9.3 $10.75 12.6 1959/1994 03/05/2021 Younkers ..................... Grandville, MI 150,081 9.0 $ 8.50 9.6 2001/NAP 03/05/2021 Herberger's .................. Roseville, MN 149,908 9.0 $ 10.0 11.3 1978/2002 03/05/2021 Younkers ..................... Duluth, MN 140,999 8.5 $ 7.00 7.5 1973/NAP 03/05/2021 Carson Pirie Scott ........... West Dundee, IL 128,000 7.7 $ 7.75 7.5 1981/1994 03/05/2021 Bergner's .................... Springfield, IL 125,000 7.5 $ 7.00 6.6 1976/NAP 03/05/2021 Carson Pirie Scott ........... Vernon Hills, IL 112,121 6.7 $12.00 10.2 1989/NAP 03/05/2021 Boston Store ................. Racine, WI 106,157 6.4 $10.25 8.2 1981/1997 03/05/2021 Younkers ..................... Coralville, IA 98,458 5.9 $ 6.85 5.1 1998/NAP 03/05/2021 --------- ----- ----- TOTAL ........................ 1,664,479 100.0% 100.0% (1) Information obtained from underwritten rent roll unless otherwise stated. Calculations with respect to Rent PSF, Potential Rent, and % Potential Rent include base rent only and exclude common area maintenance and reimbursements. 2005 SALES/ RENT AS % 2004 TENANTS LOCATION SALES(1)(2) SF(2) OF SALES SALES(2) - --------------------------------------------------------------------------------------- Herberger's Saint Cloud, MN $ 13,077 $131.66 8.4% $ 13,076 Younkers Des Moines, IA $ 18,999 $115.15 5.4% $ 20,791 Younkers West Des Moines, IA $ 19,748 $119.68 3.6% $ 12,776 Carson Pirie Scott Wilmette, IL $ 28,344 $182.86 5.9% $ 26,326 Younkers Grandville, MI $ 25,047 $166.89 5.1% $ 23,264 Herberger's Roseville, MN $ 31,737 $211.71 4.7% $ 30,332 Younkers Duluth, MN $ 20,469 $145.17 4.8% $ 19,480 Carson Pirie Scott West Dundee, IL $ 19,135 $149.49 5.2% $ 19,930 Bergner's Springfield, IL $ 15,801 $126.41 5.5% $ 15,826 Carson Pirie Scott Vernon Hills, IL $ 21,543 $192.14 6.2% $ 21,319 Boston Racine, WI $ 18,514 $174.40 5.9% $ 17,909 Younkers Coralville, IA $ 13,855 $140.72 4.9% $ 13,252 - --------------------------------------------------------------------------------------- TOTAL $246,269 -- -- $234,281 - --------------------------------------------------------------------------------------- AVERAGE $ 20,522 $154.40 5.4% $ 19,523 2003 2005 4-WALL CF/ 2004 2003 TENANTS SALES(2) 4-WALL CF(2) RENT(2) 4-WALL CF(2) 4-WALL CF(2) - ---------------------------------------------------------------------------------------- Herberger's $ 12,547 $ 3,093 2.82 $ 3,171 $ 2,975 Younkers $ 22,694 $ 2,394 2.32 $ 2,289 $ 2,762 Younkers --(3) $ 1,207 1.72 $ 835 --(3) Carson Pirie Scott $ 25,577 $ 4,426 2.66 $ 3,906 $ 4,133 Younkers $ 22,347 $ 4,095 3.21 $ 3,643 $ 3,381 Herberger's $ 26,964 $ 4,704 3.14 $ 4,676 $ 3,829 Younkers $ 18,521 $ 3,787 3.84 $ 3,524 $ 3,255 Carson Pirie Scott $ 20,429 $ 3,235 3.26 $ 3,697 $ 4,098 Bergner's $ 15,615 $ 2,544 2.91 $ 2,502 $ 2,590 Carson Pirie Scott $ 20,237 $ 4,147 3.08 $ 4,268 $ 4,034 Boston $ 17,866 $ 3,475 3.19 $ 2,911 $ 2,723 Younkers $ 13,048 $ 2,670 3.96 $ 2,424 $ 2,436 - -------------------------------------------------------------------------------------- TOTAL $215,845 $39,777 -- $37,846 $36,216 - -------------------------------------------------------------------------------------- AVERAGE $ 19,622 $ 3,315 3.01 $ 3,441 $ 3,292 (1) 12 months of sales includes projected sales for January 2006. (2) In thousands. (3) Store opened in 2004. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 41 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET BON-TON DEPARTMENT STORES PORTFOLIO - -------------------------------------------------------------------------------- SUMMARY OF TENANTS The Bon-Ton Department Stores Portfolio Mortgaged Property consists of 12 retail properties that are operated under the following brands: (1) Herberger's; (2) Younkers; (3) Carson Pirie Scott; (4) Boston Store and (5) Bergner's. o HERBERGER'S (not rated) operates 40 department stores and has been in business for over 100 years with locations in Colorado, Iowa, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin and Wyoming. They feature apparel and accessories for men, women, teens, children and special sizes, in addition to home furnishings. o YOUNKERS (not rated) operates 47 department stores and has been in business for nearly 150 years with locations in Illinois, Iowa, Michigan, Minnesota, Nebraska, South Dakota and Wisconsin. Younkers carry a large retail product type assortment of apparel and accessories for men, women, teens, and children, and their selection features both famous designers and exclusive collections. Additionally, their furniture departments offer furniture for every home setting and budget. o CARSON PIRIE SCOTT (not rated) operates 31 department stores and has been in business for over 150 years with locations in Illinois and Indiana. Founded in 1854, Carson Pirie Scott was bought in 1989 by P.A. Bergner & Co., operator of the Bergner's and Boston Store chains. Carson Pirie Scott was later acquired in 1998 by Proffitt's, which was later renamed Saks Inc. o BOSTON STORE (not rated) operates 10 department stores and has been in business for over 100 years with locations throughout Wisconsin. Their merchandise consists of a large assortment of apparel and accessories for men, women, teens, children and special sizes, plus a full line of home furnishings. o BERGNER'S (not rated) operates 14 department stores and has been in business for over 100 years with locations throughout Illinois. Its merchandise consists of a large assortment of apparel and accessories for men, women, teens, children and special sizes, plus a full line of home furnishings. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 42 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET BON-TON DEPARTMENT STORES PORTFOLIO - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The Bon-Ton Department Stores Portfolio Mortgage Loan is a $130 million ten-year fixed rate loan secured by a first mortgage on a portfolio of 12 department stores containing a total of 1,664,479 square feet located in five midwestern states. The Bon-Ton Department Stores Portfolio Mortgage Loan amortizes over 300 months, matures on April 1, 2016 and accrues interest at an annual rate, rounded to three decimal places, of 6.213%. THE BORROWER: o The Bon-Ton Department Stores Portfolio Borrower is Bonstores Realty Two, LLC, a Delaware limited liability company and a single purpose bankruptcy remote entity with at least two independent directors for which the Bon-Ton Department Stores Portfolio Borrower's legal counsel has delivered a non-consolidation opinion. The borrower principal is Bonstores Holdings Two, LLC. o Bon-Ton Stores, founded in 1898, currently operates 137 department stores located in 16 northeastern and midwestern states under the Bon-Ton and Elder-Beerman brand names. Bon-Ton Stores acquired the Northern Department Store Group ("NDSG") of Saks Incorporated in March 2006 for approximately $1.05 billion. NDSG Saks currently operates 142 department stores located in the Midwest and Great Plains regions under the Carson Pirie Scott, Younkers, Herberger's, Boston Store and Bergner's brand names. The combined Bon-Ton/NDSG Saks entity operates a total of 279 stores located in 23 states. o Bon-Ton Stores sells an assortment of branded and private label apparel and accessories for women, men and children; intimate apparel, footwear, cosmetics and home furnishings. Branded apparel names include Calvin Klein, Estee Lauder, Liz Claiborne and Nautica. Bon-Ton Stores employs approximately 33,500 people. Bon-Ton Stores is rated "B-" by Fitch and "B+" by S&P. As of the fiscal year ended January 28, 2006, Bon-Ton Stores reported revenue of approximately $1.3 billion, net income of $26.0 million and stockholder equity of $292.1 million. THE PROPERTY: o The Bon-Ton Department Stores Portfolio Mortgaged Property consists of a fee simple interest in a portfolio of 12 department stores containing a total of 1,664,479 square feet located in five Midwestern states. The Bon-Ton Stores owned properties were built between 1959 and 2004, range in size from 98,458 to 168,755 square feet and are situated on 1.23 to 13.74 acres. Five of the properties were most recently renovated between 1994 and 2003. o The Bon-Ton Department Stores Portfolio Borrower has executed new 15-year triple net leases at market rents as determined by recent appraisals on each property. The rental rates per square foot for the 12 department stores range from $4.25 to $12.00. The leases are guaranteed by The Bon-Ton Stores, Inc. o The Bon-Ton Department Stores Portfolio Borrower is generally required at its sole cost and expense to keep the Bon-Ton Department Stores Portfolio 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 Bon-Ton Department Stores Portfolio is self-managed by the Bon-Ton Department Stores Portfolio Borrower. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 43 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET BON-TON DEPARTMENT STORES PORTFOLIO - -------------------------------------------------------------------------------- COLLATERAL RELEASE: o After the related lockout period and provided that no event of default exists, the Bon-Ton Department Stores Portfolio Borrower may obtain the release of an Individual Property (as defined in the related loan agreement) from the lien of the mortgage and the release of the Bon-Ton Department Stores Portfolio Borrower's obligations under the related loan documents with respect to such property, upon the satisfaction of certain conditions, including without limitation: (a) payment of the Release Amount, which will be deemed a voluntary prepayment of a portion of the Bon-Ton Department Stores Portfolio Mortgage Loan, and will include any applicable prepayment premium; (b) after giving effect to such Individual Property release, the debt service coverage ratio for the properties then remaining will be equal to or exceed the greater of (i) the debt service coverage ratio as of the closing date or (ii) the debt service coverage ratio immediately prior to the release; and (c) the applicable Allocated Loan Amount of such Individual Property when added to the Allocated Loan Amounts of all properties released prior to or simultaneously with such Individual Property may not exceed 15% of the original principal amount of the Bon-Ton Department Stores Portfolio loan in any given twelve consecutive month period and the aggregate amount of the released Individual Properties may not exceed 40% of the original principal amount of such loan over the life of the loan. "Release Amount" means the product of the "Allocated Loan Amount" (set forth in Schedule III of the loan agreement) and (a) 110% if the applicable Allocated Loan Amount of such Individual Property when added to the Allocated Loan Amounts of all properties released prior to or simultaneously with such Individual Property is equal to 25% or less of the original principal amount of the Bon-Ton Department Stores Portfolio Loan as of the closing date and (b) 115% if the applicable Allocated Loan Amount when added to the Allocated Loan Amounts of all properties released prior to or simultaneously with such Individual Property is greater than 25% and less than or equal to 50% inclusive of the original principal amount of the Bon-Ton Department Stores Portfolio Loan as of the closing date. If the applicable Allocated Loan Amount when added to the Allocated Loan Amounts of all properties released prior to or simultaneously with such Individual Property is greater than 50% inclusively of the original principal amount of the Bon-Ton Department Stores Portfolio Loan as of the closing date, no property release is permitted. COLLATERAL SUBSTITUTION: o The Bon-Ton Department Stores Portfolio Borrower may obtain a release of the lien of the mortgage encumbering an Individual Property ("Substituted Property") by substituting its interest in one or more properties of like kind and quality acquired by the Bon-Ton Department Stores Portfolio Borrower (individually, a "Substitute Property" and collectively, the "Substitute Properties"), provided that no such substitution may occur after the date that is three months prior to the maturity date of the Bon-Ton Department Stores Portfolio Mortgage Loan. In addition, any such substitution is subject to, without limitation, the following conditions precedent: (a) the Substitute Property must be a property as to which the Bon-Ton Department Stores Portfolio Borrower will hold indefeasible fee or ground leasehold title free and clear of any lien or other encumbrance except for permitted encumbrances, leases and easements, restrictive covenants and other title exceptions which do not have a material adverse effect (as would be determined by a prudent mortgage lender) on the utility or value of such property for its current use; (b) receipt by the mortgagee of and the applicable rating agencies of an MAI appraisal of the Substitute Property dated no more than 90 days prior to the substitution by a nationally recognized and independent appraiser, indicating an appraised value of the Substitute Property that is at least equal to or greater than the appraised value of the Substituted Property determined by the mortgagee as of the closing date of the Bon-Ton Department Stores Portfolio Mortgage Loan; (c) (except with respect to a substitution where the Substituted Property and Substitute Property are both retail operations at the same shopping center at Vernon Hills, Illinois) receipt by the mortgagee of historical calculations of EBITDA and proforma calculations of EBITDA, each certified by an officer of the Bon-Ton Department Stores Portfolio Borrower, reflecting that the proforma annualized EBITDA for the Substitute Property is equal to or greater than the higher of (i) EBITDA for the trailing 12 month period for the Substituted Property as of the closing date and (ii) EBITDA for the trailing 12 month period for the Substituted Property immediately prior to the substitution thereof; and (d) (except with respect to a substitution where the Substituted Property and Substitute Property are both retail operations at the same shopping center at Vernon Hills, Illinois) the applicable Allocated Loan Amount of such Individual Property when added to the Allocated Loan Amounts of all properties released prior to or simultaneously with such Individual Property is less than 15% of the original principal amount of the Bon-Ton Department Stores Portfolio Mortgage Loan in any given twelve consecutive month period and the aggregate amount of the Substituted Properties is less than 25% of the original principal amount of such loan over the life of the Bon-Ton Department Stores Portfolio 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 44 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET BON-TON DEPARTMENT STORES PORTFOLIO - -------------------------------------------------------------------------------- [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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 45 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 150 EAST 52ND STREET - -------------------------------------------------------------------------------- [PHOTO 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 46 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 150 EAST 52ND STREET - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS 150 EAST 52ND STREET - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL NOTE PRINCIPAL BALANCE: $100,000,000 FIRST PAYMENT DATE: May 1, 2006 TERM/AMORTIZATION: 120/0 months INTEREST ONLY PERIOD: 120 months MATURITY DATE: April 1, 2016 EXPECTED NOTE MATURITY BALANCE: $100,000,000 BORROWING ENTITY: Plaza 52, LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 113 payments Open: 7 payments FUTURE MEZZANINE DEBT: Yes UP-FRONT RESERVES: TAX/INSURANCE RESERVE: Yes OTHER RESERVE: $668,998(1) ONGOING MONTHLY RESERVES: TAX/INSURANCE RESERVE: Yes REPLACEMENT RESERVE: $3,978 TENANT IMPROVEMENT RESERVE: $25,000 LOCKBOX: Hard - -------------------------------------------------------------------------------- (1) The 150 East 52nd Street Borrower has established the "Free Rent Account" in the amount of $668,998 of which $541,620 represents free rent under the "Dominick & Dominick Lease" and $127,378 represents free rent under the "Multi Packaging Lease". - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $100,000,000 CUT-OFF DATE LTV: 78.7% MATURITY DATE LTV: 78.7% UNDERWRITTEN DSCR(1): 1.28x MORTGAGE RATE(2): 5.819% - -------------------------------------------------------------------------------- (1) DSCR figures based on net cash flow unless otherwise noted. (2) The interest rate was rounded to three decimal places. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Office PROPERTY SUB TYPE: CBD LOCATION: New York, NY YEAR BUILT/RENOVATED: 1984/NAP NET RENTABLE SQUARE FEET: 298,337 CUT-OFF BALANCE PSF: $335 OCCUPANCY AS OF 03/01/2006: 96.0% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: Princeton International Properties Corp. U/W NET CASH FLOW: $7,542,130 APPRAISED VALUE: $127,000,000 - -------------------------------------------------------------------------------- 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 47 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 150 EAST 52ND STREET - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR (12/31/2004) (12/31/2005) UNDERWRITTEN ------------ ------------ ------------ Effective Gross Income ............. $12,127,276 $11,982,727 $14,277,870 Total Expenses ..................... $ 6,747,671 $ 6,995,972 $ 6,161,451 Net Operating Income (NOI) ......... $ 5,379,605 $ 4,986,755 $ 8,116,419 Cash Flow (CF) ..................... $ 5,379,605 $ 4,986,755 $ 7,542,130 DSCR on NOI ........................ 0.91x 0.85x 1.38x DSCR on CF ......................... 0.91x 0.85x 1.28x TENANT INFORMATION(1) RATINGS TOTAL % OF RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS FITCH/S&P TENANT SF TOTAL SF PSF RENT RENT EXPIRATION - ----------------------------------------------- --------- --------- -------- ------ ---------- ----------- ---------- Dominick & Dominick ........................... Not Rated 22,009 7.4% $42.96 $ 945,574 7.2% 04/29/2014 Fujisankei Communications ..................... Not Rated 20,384 6.8 $43.00 876,512 6.7 09/30/2013 First New York Securities ..................... Not Rated 18,480 6.2 $44.19 816,625 6.2 09/30/2007 Fidelity Investments Institutional Services ... NR/AA 15,950 5.3 $32.56 519,258 4.0 12/31/2006 ------ ---- ---------- ---- TOTAL ......................................... 76,823 25.8% $3,157,969 24.0% ------ ---- ---------- ---- (1) Information obtained from underwritten rent roll except for Ratings (Fitch/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 .............. 6 33,151 11.1% 33,151 11.1% $1,239,869 2007 .............. 11 66,205 22.2 99,356 33.3% $2,879,052 2008 .............. 10 41,135 13.8 140,491 47.1% $1,818,621 2009 .............. 2 12,720 4.3 153,211 51.4% $ 523,035 2010 .............. 6 29,398 9.9 182,609 61.2% $1,518,856 2011 .............. 3 11,998 4.0 194,607 65.2% $ 510,850 2012 .............. 3 7,837 2.6 202,444 67.9% $ 398,293 2013 .............. 1 20,384 6.8 222,828 74.7% $ 876,512 2014 .............. 5 37,283 12.5 260,111 87.2% $1,635,906 2015 .............. 1 7,975 2.7 268,086 89.9% $ 382,800 2016 .............. 3 8,740 2.9 276,826 92.8% $ 432,491 2019 .............. 1 2,275 0.8 279,101 93.6% $ 190,000 MTM ............... 2 2,885 1.0 281,986 94.5% $ 124,055 Office/Storage .... 2 3,728 1.2 285,714 95.8% $ 61,695 Vacant ............ -- 12,623 4.2 298,337 100.0% $ 547,988 --- ------- ----- TOTAL ............. 56 298,337 100.0% --- ------- ----- (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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 48 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 150 EAST 52ND STREET - -------------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT TENANTS The four largest tenants, representing 25.8% of the total net rentable square feet, are: o DOMINICK & DOMINICK (not rated) occupies 22,009 square feet (7.4% of square feet, 7.2% of rental income) under a ten-year lease expiring on April 29, 2014. The current blended rental rate per square foot of $42.96 increases to $47.29 on May 1, 2010. Dominick & Dominick, founded in 1870, is a historic name on Wall Street and one of the early firms to join the New York Stock Exchange. The company offers wealth management services, alternative investment opportunities, fixed income investing, investment banking, corporate finance, and equity and debt capital markets research. Dominick & Dominick has offices in New York City, Miami and Switzerland. The 150 East 52nd Street Mortgaged Property is Dominick & Dominick's global headquarters. o FUJISANKEI COMMUNICATIONS ("FCI TV") (not rated) occupies 20,384 square feet (6.8% of square feet, 6.7% of rental income) under a ten-year lease expiring on September 30, 2013. The current rental rate per square foot of $43.00 increases to $47.00 on October 1, 2008. FCI TV is a popular Japanese language network in the United States that reaches more than 400,000 viewers at least once a week. FCI TV is available on UHF TV stations in seven major markets in the United States and via cable and/or satellite elsewhere. FCI has offices in New York City, Washington, D.C., Los Angeles, Honolulu, London, Paris and Cairo. o FIRST NEW YORK SECURITIES ("FNYS") (not rated) occupies 18,480 square feet (6.2% of square feet, 6.2% of rental income) under a seven-year lease expiring on September 30, 2007. The rental rate per square foot of $44.19 remains constant during the lease term. FNYS, founded in 1985 as a NASD member with one trading desk, currently has 12 domestic equity trading desks and 150 traders located in offices in New York City, Wayne, New Jersey and London. o FIDELITY INVESTMENTS INSTITUTIONAL SERVICES ("Fidelity") (not rated by Fitch and "AA" by S&P) occupies 15,950 square feet (5.3% of square feet, 4.0% of rental income) under a 12-year lease expiring on December 31, 2006. The blended rental rate per square foot of $32.56 remains constant during the lease term. Fidelity is one of the largest mutual fund company in the United States and one of the world's largest providers of financial services for approximately 21 million individuals. Fidelity offers 300 mutual funds, as well as discount brokerage services, retirement services, estate planning, wealth management, securities execution and clearance, and life insurance. Customer assets totaled $2.5 trillion as of January 31, 2006. Fidelity is headquartered in Boston and employs approximately 36,500 people located in eight regional operation centers across the United States and Canada. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 49 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 150 EAST 52ND STREET - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The 150 East 52nd Street Mortgage Loan is a $100.0 million, ten-year fixed rate loan secured by a first mortgage on an office building located in New York City. The 150 East 52nd Street Mortgage Loan is interest only for the entire loan term of 120 months, matures on April 1, 2016 and accrues interest at an annual rate, rounded to three decimal places, of 5.819%. THE BORROWER: o The 150 East 52nd Street Borrower is Plaza 52, LLC, a Delaware limited liability company and a single purpose bankruptcy remote entity with at least one independent director for which the 150 East 52nd Street Borrower's counsel has delivered a non-consolidation opinion. Equity ownership is held 50% each by Sunshine Holdings 52nd, LLC, a Delaware limited liability company, and Giulio Ventures Inc., a New York corporation. Sunshine Holdings 52nd, LLC is owned by various members and trusts of the Tawfik family. Giulio Ventures Inc. is owned by Guglielmo Tabacchi. The borrower principal is David Tawfik. o Mr. Tawfik joined Helmsley Spear in 1983, responsible for managing, sales and leasing of commercial real estate in midtown Manhattan. Mr. Tawfik joined Princeton International Properties Corp. in 1985, responsible for the acquisition, management and sale of various large commercial and residential properties, primarily in the New York metropolitan area. Mr. Tabacchi functions solely as an equity partner. Mr. Tabacchi and his family own Safilo Group, one of the world's largest companies in the production and sale of glass and eyewear. THE PROPERTY: o The 150 East 52nd Street Mortgaged Property consists of a fee simple interest in a Class "A" office building built in 1984. The 35-story improvements contain 298,337 net rentable square feet and are situated on 0.35 acres. There is 6,329 square feet of retail space located on the first floor. The 150 East 52nd Street Mortgaged Property is currently occupied by more than 50 office tenants ranging in size from 976 to 22,009 square feet and three retail tenants ranging in size from 1,416 to 2,638 square feet. o The subject is located at 150 East 52nd Street, which is on the south side of East 52nd Street, approximately 150 feet east of Lexington Avenue in the Midtown office district of Manhattan. Midtown comprises the area between 34th Street and 57th Street and is the economic heart of metropolitan New York, containing major corporate headquarters, retail businesses, financial services industries and world class hotels. The subject's neighborhood includes many popular attractions, including Radio City Music Hall, the Rockefeller Center Plaza and Promenade and St. Patrick's Cathedral. o The 150 East 52nd Street Mortgaged Property has access to all forms of mass transportation, including Grand Central Terminal at Park Avenue and 42nd Street, the cross-town bus service along 57th Street as well as excellent access to subway service across the street at Lexington and 52nd. o The 150 East 52nd Street Borrower is generally required at its sole cost and expense to keep the 150 East 52nd 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 Princeton International Properties Corp. manages the 150 East 52nd Street Mortgaged Property. Princeton International Properties Corp., a 150 East 52nd Street Borrower related entity founded in 1982 and headquartered in New York City, currently manages six office buildings and condominiums containing a total of approximately 800,000 square feet. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 50 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 150 EAST 52ND STREET - -------------------------------------------------------------------------------- CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None. FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o The 150 East 52nd Street Borrower is permitted to incur mezzanine financing 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 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 150 East 52nd Street Mortgage Loan, results in a maximum loan-to-value ratio greater than 85% and a minimum debt service coverage ratio less than 1.10x; and (e) 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 150 East 52nd Street 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 51 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 150 EAST 52ND 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 52 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 55 & 215 WEST 125TH STREET - -------------------------------------------------------------------------------- [PHOTO 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 53 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 55 & 215 WEST 125TH STREET - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS 55 & 215 WEST 125TH STREET - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bear Stearns ORIGINAL PRINCIPAL BALANCE: $98,250,000 FIRST PAYMENT DATE: March 1, 2006 TERM/AMORTIZATION: 120/360 months INTEREST ONLY PERIOD: 24 months MATURITY DATE: February 1, 2016 EXPECTED MATURITY BALANCE: $87,107,047 BORROWING ENTITY: 215 Fee LLC & 55 Fee LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout: 28 payments Defeasance or GRTR1% PPMT or YM: 88 payments Open: 4 payments ADDITIONAL FINANCING: $4,750,000 in existing mezzanine indebtedness UP-FRONT RESERVES: TAX/INSURANCE RESERVE: Yes REPLACEMENT RESERVE: $7,711 TI/LC RESERVE: $26,217 GROUND LEASE RESERVE: $27,500 ONNGOING MONTHLY RESERVES: TAX/INSURANCE RESERVE: Yes REPLACEMENT RESERVE: $7,711 TI/LC RESERVE: $26,217 GROUND LEASE RESERVE: $27,500 LOCKBOX: Hard - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $98,250,000 CUT-OFF DATE LTV: 74.9% MATURITY DATE LTV: 66.4% UNDERWRITTEN DSCR(1): 1.18x INTEREST ONLY DSCR(2): 1.40x MORTGAGE RATE(3): 5.815% - -------------------------------------------------------------------------------- (1) DSCR figures based on net cash flow unless otherwise noted. (2) Underwritten DSCR during partial interest only period. (3) The interest rate was rounded to three decimal places. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Office PROPERTY SUB TYPE: CBD LOCATION: New York, NY YEAR BUILT/RENOVATED: 55 WEST 125TH STREET: 1974/2000 215 WEST 125TH STREET: 1971/2001 NET RENTABLE SQUARE FEET: 370,140 CUT-OFF BALANCE PSF: 265 OCCUPANCY AS OF 02/13/2006: 55 WEST 125TH STREET: 100.0% 215 WEST 125TH STREET: 99.1% OWNERSHIP INTEREST: 55 WEST 125TH STREET: Fee 215 WEST 125TH STREET: Leasehold PROPERTY MANAGEMENT: CRG Management, LLC U/W NET CASH FLOW: $8,113,348 APPRAISED VALUE: $131,100,000 - -------------------------------------------------------------------------------- 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 54 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 55 & 215 WEST 125TH STREET - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR FULL YEAR (12/31/2003) (12/31/2004) (12/31/2005) UNDERWRITTEN ------------- ------------- ------------- ------------- Effective Gross Income ...... $12,888,022 $15,876,309 $15,202,188 $15,502,847 Total Expenses .............. $ 6,350,274 $ 6,856,848 $ 7,188,522 $ 6,948,292 Net Operating Income (NOI) .. $ 6,537,748 $ 9,019,461 $ 8,013,666 $ 8,554,555 Cash Flow (CF) .............. $ 6,537,748 $ 9,019,461 $ 8,013,666 $ 8,113,348 DSCR on NOI ................. 0.95x 1.31x 1.16x 1.24x DSCR on CF .................. 0.95x 1.31x 1.16x 1.18x TENANT INFORMATION -- 55 WEST 125TH STREET(1) RATINGS TOTAL % OF TOP TENANTS FITCH/S&P TENANT SF TOTAL SF - ------------------------------------------ ----------- ---------- --------- Administration for Children's Services(2) ........................... A+/A+ 64,496 31.0% NYC Housing Authority .................... A+/A+ 29,931 14.4 GSA-Social Security Administration ....... AAA/AAA 26,086 12.5 ------- ---- TOTAL .................................... 120,513 57.9% ======= ==== RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS PSF RENT RENT EXPIRATION - ------------------------------------------ ----------- ---------- ----------- ------------ Administration for Children's Services(2) ........................... $29.82 $1,923,091 27.1% 05/14/2017 NYC Housing Authority .................... $22.77 681,432 9.6 09/12/2009 GSA-Social Security Administration ....... $38.92 1,015,267 14.3 09/30/2011 ---------- ---- TOTAL .................................... $3,619,790 50.9% ========== ==== (1) Information obtained from underwritten rent roll except for Ratings (Fitch/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. (2) 14,306 square feet of the Administration for Children's Services space expires on April 30, 2017. TENANT INFORMATION -- 215 WEST 125TH STREET(1) RATINGS TOTAL % OF TOP TENANTS FITCH/S&P TENANT SF TOTAL SF - ------------------------------------------ ---------- ---------- --------- NYS Department of Labor(2) ............... AA-/AA 76,432 47.2% Columbia University ...................... NR/AAA 33,068 20.4 NYC Health and Hospitals Corp. ........... A+/A+ 29,764 18.4 ------- ---- TOTAL .................................... 139,264 86.0% RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS PSF RENT RENT EXPIRATION - ------------------------------------------ ------- ---------- ----------- ------------ NYS Department of Labor(2) ............... $ 34.31 $2,622,118 46.8% 09/30/2011 Columbia University ...................... $ 36.98 1,222,861 21.8 05/31/2018 NYC Health and Hospitals Corp. ........... $ 31.52 938,161 16.8 06/30/2011 ---------- ---- TOTAL .................................... $4,783,140 85.4% (1) Information obtained from underwritten rent roll except for Ratings (Fitch/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. (2) 25,546 square feet of the NYS Department of Labor space expires on August 30, 2011. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 55 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 55 & 215 WEST 125TH STREET - -------------------------------------------------------------------------------- LEASE ROLLOVER SCHEDULE -- 55 WEST 125TH STREET(1) # OF LEASES EXPIRING % OF CUMULATIVE CUMULATIVE BASE RENT YEAR OF EXPIRATION EXPIRING(2) SF TOTAL SF TOTAL SF % OF TOTAL SF EXPIRING - -------------------- ------------- ---------- ---------- ------------ --------------- ----------- MTM ................ 3 1,000 0.5% 1,000 0.5% $ 2,140 2006 ............... 2 4,213 2.0 5,213 2.5% $ 110,876 2007 ............... 3 6,787 3.3 12,000 5.8% $ 208,946 2009 ............... 5 57,634 27.7 69,634 33.4% $1,445,215 2010 ............... 2 16,823 8.1 86,457 41.5% $ 525,281 2011 ............... 4 42,481 20.4 128,938 61.9% $1,905,006 2012 ............... 1 3,051 1.5 131,989 63.4% $ 198,315 2013 ............... 2 11,725 5.6 143,714 69.0% $ 564,919 2017 ............... 3 64,496 31.0 208,210 100.0% $1,923,091 2021 ............... 1 0 0.0 208,210 100.0% $ 225,000 Vacant ............. -- 0 0.0 208,210 100.0% $ 0 --- ------- ----- TOTAL .............. 26 208,210 100.0% (1) Information obtained from underwritten rent roll. (2) For the purposes of this column, each leased tenant space was considered a separate tenant lease even if multiple tenant spaces were covered under the same lease. LEASE ROLLOVER SCHEDULE -- 215 WEST 125TH STREET(1) # OF LEASES EXPIRING % OF CUMULATIVE CUMULATIVE BASE RENT YEAR OF EXPIRATION EXPIRING(2) SF TOTAL SF TOTAL SF % OF TOTAL SF EXPIRING - -------------------- ------------- ---------- ---------- ------------ --------------- ----------- MTM ................ 1 0 0.0% 0 0.0% $ 1,200 2006 ............... 1 6,000 3.7 6,000 3.7% $ 12,000 2007 ............... 1 5,127 3.2 11,127 6.9% $ 118,755 2008 ............... 1 2,056 1.3 13,183 8.1% $ 173,547 2009 ............... 1 1,126 0.7 14,309 8.8% $ 38,025 2011 ............... 3 106,196 65.6 120,505 74.4% $3,560,279 2012 ............... 2 4,849 3.0 125,354 77.4% $ 427,137 2018 ............... 3 35,126 21.7 160,480 99.1% $1,269,454 Vacant ............. -- 1,450 0.9 161,930 100.0% $ 145,000 --- ------- ----- TOTAL .............. 13 161,930 100.0% (1) Information obtained from underwritten rent roll. (2) For the purposes of this column, each leased tenant space was considered a separate tenant lease even if multiple tenant spaces were covered under the same lease. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 56 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 55 & 215 WEST 125TH STREET - -------------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT TENANTS 55 WEST 125TH STREET 55 West 125th Street comprises a total of 208,210 square feet and is currently 100.0% leased to over 20 tenants. Approximately 74% of the net rentable area of 55 West 125th Street is leased to investment grade rated tenants or their affiliates. The three largest tenants, representing 57.9% of the total net rentable square feet of 55 West 125th Street are: o ADMINISTRATION FOR CHILDREN'S SERVICES ("ACS") (City of New York rated "A+" by Fitch and S&P) occupies a total of 64,496 square feet (31.0% of net rentable area) under leases expiring in April 2017 and May 2017. ACS is New York City's child welfare agency. ACS services include protecting children by investigating an average of 50,000 reports of abuse or neglect each year, helping families in need through counseling, providing referrals to drug rehabilitation programs and other preventive services and recruiting and training foster parents. o NYC HOUSING AUTHORITY ("NYCHA") (City of New York rated "A+" by Fitch and S&P) occupies a total of 29,931 square feet (14.4% of net rentable area) under a lease expiring on September 12, 2009. NYCHA provides decent and affordable housing in a safe and secure living environment for low and moderate income residents throughout the five boroughs in New York City. NYCHA is the largest public housing authority in North America. As of March 7, 2006, NYCHA's Conventional Public Housing Program had 179,315 apartments in 344 developments throughout New York City. NYCHA has approximately 13,500 employees serving about 174,927 families and approximately 413,817 authorized residents. o GSA-SOCIAL SECURITY ADMINISTRATION ("SSA") (United States Federal Government rated "AAA" by Fitch and S&P) occupies a total of 26,086 square feet (12.5% of net rentable area) under a lease expiring on September 30, 2011. For 70 years, the SSA has served the American people, providing a major source of income for senior citizens. The SSA pays benefits to disabled workers and their dependents as well as the families of deceased workers. The SSA administers the Supplemental Security Income program, a program based on need for people age 65 or older and people with disabilities, regardless of age. The office at 55 West 125 Street is a field office that provides Social Security services to the local community. 215 WEST 125TH STREET 215 West 125th Street comprises a total of 161,930 square feet and is currently 99.1% leased to over 10 tenants. Approximately 93% of the net rentable area of 215 West 125th Street is leased to investment grade rated tenants or their affiliates. The three largest tenants, representing 86.0% of the total net rentable square feet of 215 West 125th Street are: o NYS DEPARTMENT OF LABOR ("DOL") (State of New York rated "AA-" by Fitch and "AA" by S&P) occupies a total of 76,432 square feet (47.2% of net rentable area) under leases expiring in August 2011 and September 2011. The DOL supports the economic interests of the people and businesses in New York State. They connect people to jobs, assist the unemployed, develop workplace skills, and protect the public and the workforce. The offices at 215 West 125th Street include a Workforce 1 center, which provide jobseekers with a full array of employment services including job placement, career advisement, job search counseling, and skills training. o COLUMBIA UNIVERSITY ("Columbia") (not rated by Fitch and rated "AAA" by S&P) occupies a total of 33,068 square feet (20.4% of net rentable area) under a lease expiring on May 31, 2018. Columbia uses its space for The Children's Health Fund, a not-for-profit affiliate of Columbia that provides comprehensive health care to some of the nation's most medically underserved children through the development and support of innovative primary care medical programs and the promotion of guaranteed access to appropriate health care for all children. o NYC HEALTH AND HOSPITALS CORP. ("HHC") (City of New York rated "A+" by Fitch and S&P) occupies a total of 29,764 square feet (18.4% of net rentable area) under a lease expiring on June 30, 2011. HHC was created in 1970 as a public benefit corporation, governed by a Board of Directors, to oversee New York City's public health care system in all five boroughs. The corporation consists of 11 acute care hospitals (including Bellevue, the nation's oldest public hospital), six Diagnostic and Treatment Centers, four long-term care facilities, a certified home health care agency, and more than 80 community health clinics, including Communicare Centers and Child Health Clinics. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 57 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 55 & 215 WEST 125TH STREET - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The 55 & 215 West 125th Street Mortgage Loan is a $98.25 million, 120-month fixed rate loan secured by a first mortgage on two office buildings located in New York, New York. The 55 & 215 West 125th Street Mortgage Loan bears interest at an annual interest rate, rounded to three decimal places, of 5.815%. The loan is interest-only for the first two years of its term and matures on February 1, 2016. THE BORROWERS: o The 55 & 215 West 125th Street Borrowers are 215 Fee LLC & 55 Fee LLC, each a Delaware limited liability company and a single purpose bankruptcy remote entity. The sponsors of the 55 & 215 West 125th Street Mortgage Loan are a joint venture between The City Investment Fund (90%) and Cogswell Realty Group (10%). o The City Investment Fund ("CIF") is an investment vehicle designed to pursue opportunistic real estate investment activities exclusively within the five boroughs of the City of New York. The CIF is co-sponsored by Fisher Brothers and the Morgan Stanley Real Estate Fund IV, LP ("Morgan Stanley"). The CIF is capitalized with $770 million of capital commitments, including approximately $100 million in capital provided by Fisher Brothers and Morgan Stanley. Cogswell Realty Group ("CRG") is a full service real estate company that was formed in 1996. Currently, CRG has over five million square feet under property and asset management in New York City, Long Island and New Jersey and owns and/or manages over 1,000 residential units in the Northeast. THE PROPERTY: o The 55 & 215 West 125th Street Mortgaged Properties consist of two cross-collateralized, cross-defaulted, Class "A" office buildings comprising 370,140 square feet located on 125th Street in New York City. 125th Street is a major commercial and retail hub for Upper Manhattan. The 55 & 215 West 125th Street Mortgaged Properties are accessible by mass transit, with major subway hubs at both its eastern and western ends, and service from multiple bus lines. The properties are primarily tenanted by city, state, and federal agencies that provide critical services and support to the residents of Upper Manhattan. Former U.S. President Bill Clinton maintains his personal offices as well as the offices of the William Jefferson Clinton Foundation in the 55 West 125th Street building. o 55 West 125th Street is a 14-story, Class "A" office building located on 125th Street between Fifth Avenue and Lenox Avenue. The property is visible along the length of 125th Street and has 360 degree panoramic views of greater Manhattan. The property also has an underground parking garage with 70 spaces which are accessible from 126th Street. The property was built in 1974 and most recently renovated in 2000. The property comprises 208,210 square feet and was 100% leased to over 20 tenants as of February 13, 2006. Approximately 74% of the net rentable area of the 55 West 125th Street Property is leased to investment grade rated tenants or their affiliates. o 215 West 125th Street is a 6-story, Class "A" office building located on 125th Street between Frederick Douglass Boulevard and 7th Avenue. The property has an underground parking garage with 60 spaces which are accessible from 126th Street. The property was built in 1971 and most recently renovated in 2001. The property comprises 161,930 square feet and was 99.1% leased to over 10 tenants as of February 13, 2006. Approximately 93% of the net rentable area of 215 West 125th Street is leased to investment grade rated tenants or their affiliates. The property is subject to a ground lease that expires in 2030, with two, 30-year renewal options and one, nine-year renewal option. o CRG acquired 55 West 125th Street in 1998 and 215 West 125th Street in 2001 and has spent approximately $20 million in total renovations to both buildings since acquisition. PROPERTY MANAGEMENT: o CRG Management, LLC, an affiliate of the borrower, manages the 55 & 215 West 125th Street Mortgaged Properties. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o The 55 & 215 West 125th Street Borrower has incurred mezzanine debt in the amount of $4.75 million which is held outside the trust. This additional debt is subject to an intercreditor agreement. The term of the 55 & 215 West 125th Street Mezzanine Loan is coterminous with the 55 & 215 West 125th Street 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 58 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 55 & 215 WEST 125TH STREET - -------------------------------------------------------------------------------- FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o Not Allowed. RELEASE OF PROPERTY: o The 55 & 215 West 125th Street Borrower is permitted to obtain a release of any property during the term of the mortgage loan subject to satisfaction of certain conditions set forth in the mortgage loan documents, including, but not limited to: (a) payment of 115% of the allocated loan amount (b) the debt service coverage ratio of the remaining properties after the release shall be equal to or greater than 1.05x and (c) the loan-to-value of the remaining properties after the release does not exceed 80%. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 59 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET 55 & 215 WEST 125TH 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 60 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET FANEUIL HALL - -------------------------------------------------------------------------------- [PHOTO 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 61 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET FANEUIL HALL - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS FANEUIL HALL - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL NOTE PRINCIPAL BALANCE: $98,000,000 FIRST PAYMENT DATE: May 1, 2006 TERM/AMORTIZATION: 84/360 months MATURITY DATE: April 1, 2013 EXPECTED NOTE MATURITY BALANCE: $87,951,527 BORROWING ENTITY: Faneuil Hall Marketplace, LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 77 payments Open: 7 payments FUTURE MEZZANINE DEBT: Yes LOCKBOX: Hard - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $97,802,947 CUT-OFF DATE LTV: 56.8% MATURITY DATE LTV: 51.1% UNDERWRITTEN DSCR(1): 1.58x MORTGAGE RATE(2): 5.570% SHADOW RATING (FITCH/S&P): BBB-/BBB- - -------------------------------------------------------------------------------- (1) DSCR figures based on net cash flow unless otherwise noted. (2) The interest rate was rounded to three decimal places. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Retail PROPERTY SUB TYPE: Anchored LOCATION: Boston, MA YEAR BUILT/RENOVATED: 1826/1976 NET RENTABLE SQUARE FEET: 371,630 CUT-OFF BALANCE PER PSF: $263 OCCUPANCY AS OF 03/21/2006: 90.3% OWNERSHIP INTEREST: Leasehold PROPERTY MANAGEMENT: General Growth Properties, Inc. U/W NET CASH FLOW: $10,643,599 APPRAISED VALUE: $172,200,000 - -------------------------------------------------------------------------------- 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 62 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET FANEUIL HALL - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR FULL YEAR (12/31/2003) (12/31/2004) (12/31/2005) UNDERWRITTEN ------------ ------------- ------------ ------------ Effective Gross Income ....... $20,385,393 $19,689,050 $21,933,476 $25,591,739 Total Expenses ............... $12,107,194 $12,003,934 $12,861,567 $14,358,181 Net Operating Income (NOI) ... $ 8,278,199 $ 7,685,116 $ 9,071,909 $11,233,558 Cash Flow (CF) ............... $ 8,278,199 $ 7,685,116 $ 9,071,909 $10,643,599 DSCR on NOI .................. 1.23x 1.14x 1.35x 1.67x DSCR on CF ................... 1.23x 1.14x 1.35x 1.58x TENANT INFORMATION(1) RATINGS TOTAL % OF RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS FITCH/S&P TENANT SF TOTAL SF PSF RENT RENT EXPIRATION - ------------------------- --------- --------- -------- ------ ---------- ----------- ---------- WinnResidential ......... Not Rated 23,834 6.4% $31.47 $ 750,159 5.2% 12/31/2010 Urban Outfitters ........ Not Rated 15,695 4.2 $40.96 642,874 4.4 01/31/2015 Crate & Barrel .......... Not Rated 13,451 3.6 $33.45 449,936 3.1 01/31/2010 McCormick & Schmick's ... Not Rated 12,711 3.4 $40.00 508,440 3.5 09/30/2016 ------ ---- ---------- ---- TOTAL ................... 65,691 17.7% $2,351,409 16.1% ====== ==== ========== ==== (1) Information obtained from underwritten rent roll except for Ratings (Fitch/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 ............. 16 30,688 8.3% 30,688 8.3% $1,308,906 2007 ............. 21 23,005 6.2 53,693 14.4% $ 877,444 2008 ............. 31 52,935 14.2 106,628 28.7% $1,735,806 2009 ............. 29 25,428 6.8 132,056 35.5% $1,621,374 2010 ............. 25 66,591 17.9 198,647 53.5% $2,431,080 2011 ............. 15 23,529 6.3 222,176 59.8% $1,077,450 2012 ............. 17 22,519 6.1 244,695 65.8% $1,203,366 2013 ............. 2 7,099 1.9 251,794 67.8% $ 103,411 2014 ............. 6 28,063 7.6 279,857 75.3% $ 751,073 2015 ............. 4 19,782 5.3 299,639 80.6% $ 895,684 2016 ............. 3 20,433 5.5 320,072 86.1% $ 810,631 2017 ............. 2 7,262 2.0 327,334 88.1% $ 516,060 MTM .............. 14 16,854 4.5 344,188 92.6% $ 497,131 Vacant ........... -- 27,442 7.4 371,630 100.0% $ 734,692 --- ------- ----- TOTAL ............ 185 371,630 100.0% === ======= ===== (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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 63 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET FANEUIL HALL - -------------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT TENANTS The four largest tenants, representing 17.7% of the total net rentable square feet, are: o WINNRESIDENTIAL (not rated) occupies 23,834 square feet (6.4% of square feet, 5.2% of rental income) under several different leases that expire December 31, 2010. The current weighted average rental rate of $31.47 per square foot increases to $34.00 per square foot on January 1, 2009. Headquartered in Faneuil Hall, WinnCompanies, the parent company of WinnResidential, develops, acquires and manages multi-family and mixed income properties throughout the United States. Since 1971, WinnCompanies, through its subsidiary WinnDevelopment, has acquired and developed real estate holdings valued in excess of $1.5 billion and, through its subsidiary WinnCommercial, is involved in the development and management of office, retail, parking, hotel, marina and mixed-use properties throughout New England. WinnResidential the management company arm of WinnCompanies has a multi-family portfolio under management that includes over 65,000 units across the country. WinnResidential has been in occupancy at the Faneuil Hall Mortgaged Property for over 25 years. o URBAN OUTFITTERS (NASDAQ: "URBN") (not rated) occupies 15,695 square feet (4.2% of square feet, 4.4% of rental income) on two 10-year leases expiring January 31, 2015 (11,695 square feet of retail space and 4,000 square feet of storage space). The current rental rate is $54.97 per square foot and there is one five-year renewal option at $66.89 per square foot. Urban Outfitters, Inc. is a specialty retailer and wholesaler which offers a variety of lifestyle merchandise through more than 90 Urban Outfitters retail stores in the United States, Canada and Europe; an Urban Outfitters catalog and web site; more than 79 Anthropologie stores in the United States; an Anthropologie catalog and web site; and Free People, the wholesale division for Urban Outfitters, which sells its product to approximately 1,500 specialty stores, department stores and catalogs, as well as through Free People stores and web site. o CRATE & BARREL (not rated) occupies 13,451 square feet (3.6% of square feet, 3.1% of rental income) under a 15-year lease expiring January 31, 2010. The current rental rate is $33.45 per square foot. Crate & Barrel, who opened its first store in 1962, is a retailer that specializes in cookware and contemporary housewares. It operates 145 stores throughout the United States, with its flagship store on Michigan Avenue in Chicago. Crate & Barrel also maintains a large mail-order and wedding registry business. o MCCORMICK & SCHMICK'S (not rated) occupies 12,711 square feet (3.4% of square feet, 3.5% of rental income) under a 15-year lease expiring on September 30, 2016 with one five-year renewal option. The current rental rate of $40.00 per square foot increases to $45.00 per square foot on August 4, 2011. There are no renewal options. In 1979, the original McCormick & Schmick's Seafood Restaurant was opened in Portland, Oregon, and since that time McCormick & Schmick's has expanded to more than 50 restaurants across the country. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 64 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET FANEUIL HALL - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The Faneuil Hall Loan is a $98.0 million, seven-year fixed rate loan secured by a first mortgage on a retail and office complex located in Boston, Massachusetts. The Faneuil Hall Loan amortizes over a 30 year period, matures on April 1, 2013 and accrues interest at an annual interest rate, rounded to three decimal places, of 5.570%. THE BORROWER: o Faneuil Hall Marketplace, LLC is a newly formed Delaware limited liability company and single purpose bankruptcy remote entity for which the Faneuil Hall Borrower's legal counsel has delivered a non-consolidation opinion. Faneuil Hall Marketplace, LLC is indirectly owned and controlled by General Growth Properties, Inc. ("GGP"). o GGP is the second-largest owner/operator of malls in the United States with a market capitalization of $10.6 billion as of May 25, 2006. GGP owns, develops, operates and/or manages shopping malls in 44 states. As of March 2004, GGP had ownership interests in and/or management responsibility for more than 200 regional shopping malls throughout the United States, encompassing over 200 million square feet of retail space and housing some 24,000 retail tenants. GGP has grown as a buyer, seller, developer, and manager of real estate since 1954. In August of 2004, GGP announced the merger with The Rouse Company which added 37 regional shopping malls, four community centers, and six mixed-use projects totaling 40 million square feet to GGP's portfolio of owned shopping centers. GGP fully owns more than 90 of its properties, has partial interests in approximately 45, and manages the balance of properties for institutional owners. THE PROPERTY: o The Faneuil Hall Mortgaged Property consists of a leasehold interest in a retail and office complex with three main buildings containing 371,630 net rentable square feet, built in 1826 with renovations in 1976. There are three main buildings, oriented parallel in an east-west direction. The central two-story building is known as Quincy Market, which is flanked by the five-story North Market and South Market buildings. Over 18 million shoppers a year visit the Faneuil Hall's marquee retailers, including Urban Outfitters, Crate and Barrel, Ann Taylor and Coach. o The Faneuil Hall Mortgaged Property is located on the southwest corner of Commercial Street and Clinton Street in Boston, Massachusetts. The Faneuil Hall Mortgaged Property is adjacent to historic Faneuil Hall and is bordered by the financial district, the waterfront, the North End, Government Center and Haymarket. o The Faneuil Hall Borrower is generally required at its sole cost and expense to keep the Faneuil Hall Mortgaged Property insured against loss or damage by fire and other risks addressed by coverage of a comprehensive all risk insurance policy. MASTER LEASE: o The Rouse Company Operating Partnership LP (which had a reported net worth of $5.4 billion as of year end 2005) will provide a 7-year Master Lease for $1,019,453 per annum. The payment under the Master Lease will be decreased based upon a certified rent roll showing actual economic rent in place from signed leases satisfactory to the mortgagee (having a minimum three-year term) with tenants in occupancy and paying unabated base rent. PROPERTY MANAGEMENT: o General Growth Management, Inc. manages the Faneuil Hall 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 65 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET FANEUIL HALL - -------------------------------------------------------------------------------- FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o The Faneuil Hall 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 Faneuil Hall Mortgage Loan, results in a maximum loan-to-value ratio (based on an appraisal acceptable to the mortgagee) greater than 75% and a minimum debt service coverage ratio less than 1.25x (on an actual basis); and (e) 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 Faneuil Hall Mortgage Loan. COLLATERAL RELEASE AND SUBSTITUTION: o The Faneuil Hall Borrower may obtain the release of an individual parcel subject to, without limitation, the following conditions: (a) the released parcel is not necessary for the Faneuil Hall Borrower's operation or use of the remaining portion of the Faneuil Hall Mortgaged Property; (b) no event of default exists; (c) after giving effect to the release, the absence of any adverse effect on the debt-service-coverage ratio; and (d) the released parcel is non-income producing and (i) vacant and unimproved or (ii) improved, upon prior written consent by the mortgagee (subject to the delivery of a REMIC opinion). The substitution of another parcel in conjunction with such a release is permitted subject to, without limitation, satisfaction of the conditions required for a release with respect to the released parcel and the substitute parcel. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 66 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET FANEUIL HALL - -------------------------------------------------------------------------------- [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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 67 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET SAVANNAH MARRIOTT - -------------------------------------------------------------------------------- [PHOTO 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 68 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET SAVANNAH MARRIOTT - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS SAVANNAH MARRIOTT - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL PRINCIPAL BALANCE: $82,725,000 FIRST PAYMENT DATE: July 1, 2006 TERM/AMORTIZATION: 120/360 months MATURITY DATE: June 1, 2016 EXPECTED MATURITY BALANCE: $70,772,600 BORROWING ENTITY: Columbia Properties Savannah, LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 117 payments Open: 3 payments UP-FRONT RESERVES: TAX RESERVE: Yes IMMEDIATE REPAIR RESERVE: $2,813 ONGOING MONTHLY RESERVES: TAX RESERVE: Yes REPLACEMENT RESERVE: $74,266 LOCKBOX: Hard - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $82,725,000 CUT-OFF DATE LTV: 75.0% MATURITY DATE LTV: 64.2% UNDERWRITTEN DSCR(1): 1.43x MORTGAGE RATE: 6.232% - -------------------------------------------------------------------------------- (1) DSCR figures based on net cash flow unless otherwise noted. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Hotel PROPERTY SUB TYPE: Full Service LOCATION: Savannah, GA YEAR BUILT/RENOVATED: 1992/2006 NUMBER OF KEYS: 387 CUT-OFF BALANCE PER KEY: $213,760 OCCUPANCY AS OF 02/28/2006: 72.5% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: Columbia Sussex Corporation U/W NET CASH FLOW: $8,738,052 APPRAISED VALUE: $110,300,000 - -------------------------------------------------------------------------------- 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 69 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET SAVANNAH MARRIOTT - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR FULL YEAR (12/31/2003) (12/31/2004) (12/31/2005) UNDERWRITTEN ------------ ------------ ------------ ------------ Effective Gross Income ....... $17,422,713 $17,985,377 $20,595,931 $21,978,697 Total Expenses ............... $ 8,720,340 $ 9,579,060 $11,296,284 $12,352,364 Net Operating Income (NOI) ... $ 8,702,373 $ 8,406,317 $ 9,299,647 $ 9,626,333 Cash Flow (CF) ............... $ 8,693,240 $ 8,396,954 $ 9,290,514 $ 8,738,052 DSCR on NOI .................. 1.43x 1.38x 1.52x 1.58x DSCR on CF ................... 1.42x 1.38x 1.52x 1.43x OPERATIONAL STATISTICS 2003 2004 2005 U/W ------- ------- ------- ------- Average Daily Rate (ADR) ..... $126.87 $132.11 $146.81 $152.00 Occupancy .................... 74.4% 74.0% 72.5% 75.0% RevPAR ....................... $ 94.40 $ 97.71 $106.41 $114.00 Penetration Rate(1)........... 98.0% 93.0% 102.3% NAP (1) RevPAR Penetration Rate based on a January 31, 2006 Smith Travel Research report. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 70 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET SAVANNAH MARRIOTT - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The Savannah Marriott Mortgage Loan is an $82.7 million, ten-year fixed rate loan secured by a first mortgage on a full service Marriott hotel located in Savannah, Chatham County, Georgia. The Savannah Marriott Loan amortizes over a 30 year period, matures on June 1, 2016 and accrues interest at an annual rate of 6.232%. THE BORROWER: o The Savannah Marriott Borrower is Columbia Properties Savannah, LLC, a Delaware limited liability company and a single purpose bankruptcy remote entity with at least two independent directors for which the Savannah Marriott Borrower's counsel has delivered a non-consolidation opinion. Equity ownership is held 1% by the Columbia Sussex Corporation, a Kentucky corporation (the managing member), and 99% by the 1998 William J. Yung and Martha A. Yung Family Trust. The borrower principal is Columbia Sussex Corporation. o Columbia Sussex Corporation is one of the largest privately held hotel owners in the United States. Founded in 1972 by Mr. Yung, Columbia Sussex Corporation initially owned Days Inns and Holiday Inns, which were eventually sold. Currently, Columbia Sussex Corporation owns and operates 81 full service hotels located in the United States, Canada, Grand Caymans and the Virgin Islands totaling 26,943 rooms under the Marriott family (41), Holiday Inn/Crowne Plaza (13), Wyndham (10) and other brand names (19). Columbia Sussex Corporation is the largest Marriott franchisee in the United States and operates the top ranked Marriott hotel located in Myrtle Beach, South Carolina and the top ranked Westin hotel located in Las Vegas, Nevada in terms of customer satisfaction. THE PROPERTY: o The Savannah Marriott Mortgaged Property consists of a fee simple interest in a 387-room full service Marriott hotel built in 1992 and most recently renovated in 2006. The eight-story improvements contain 178,300 net rentable square feet and are situated on 3.80 acres. The room mix is 222 kings, 123 double/doubles and 42 suites. o Room furnishings include desk with chair, lounge chair, dresser, nightstands and lamps. Room amenities include remote control cable television, telephone and high-speed Internet access. Property amenities include a full-service restaurant, bar lounge, 18 meeting rooms containing a total of 24,528 square feet of flexible space, outdoor patio pool and whirlpool, business center, fitness room and one concierge level. o Access to the Savannah Marriott Mortgaged Property is very good, with major thoroughfares including Interstate 16, Bay Street, East Broad Street, Liberty, MLK, Oglethorpe, and River Street surrounding the Savannah Marriott Mortgaged Property. Interstate 16 terminates in the southwest quadrant of the neighborhood, providing good regional access. Most of Savannah's popular squares, historic homes, and attractions are within walking distance from the Savannah Marriott Mortgaged Property. The subject is located along General McIntosh Boulevard, just outside the Historic Riverfront District, and is connected to River Street via the Riverwalk. Savannah Marriott Mortgaged Property's neighborhood is considered to be Savannah's Historic District. o The Savannah Marriott Borrower is generally required at its sole cost and expense to keep the Savannah Marriott 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 Savannah Marriott Mortgaged Property is self-managed by Columbia Sussex Corporation. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None. FUTURE PARI PASSU, 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 71 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET SAVANNAH MARRIOTT - -------------------------------------------------------------------------------- [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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 72 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET EMBASSY SUITES CHICAGO - -------------------------------------------------------------------------------- [PHOTO 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 73 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET EMBASSY SUITES CHICAGO - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS EMBASSY SUITES CHICAGO - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bear Stearns ORIGINAL PRINCIPAL BALANCE: $75,000,000 FIRST PAYMENT DATE: April 1, 2006 TERM/AMORTIZATION: 132/300 months INTEREST ONLY PERIOD: 60 months MATURITY DATE: March 1, 2017 EXPECTED MATURITY BALANCE: $65,755,662 BORROWING ENTITY: Sunstone North State, LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 129 payments Open: 3 payments UP-FRONT RESERVES: TAX RESERVE: Yes REPLACEMENT RESERVE: $73,789 ONGOING MONTHLY RESERVES: TAX: Yes INSURANCE RESERVE(1): Springing REPLACEMENT RESERVE(2): $73,789 LOCKBOX: Hard - -------------------------------------------------------------------------------- (1) An ongoing insurance escrow springs if the borrower fails to provide (i) lender evidence of payment of the insurance premiums and (ii) valid insurance certificates. (2) The ongoing monthly replacement reserve shall be an amount equal to 4% of gross income from operations from the property for the calendar month occurring two calendar months prior to the calendar month of the payment date. - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $75,000,000 CUT-OFF DATE LTV: 65.8% MATURITY DATE LTV: 57.7% UNDERWRITTEN DSCR(1): 1.44x INTEREST ONLY DSCR(2): 1.89x MORTGAGE RATE(3): 5.577% - -------------------------------------------------------------------------------- (1) DSCR figures based on net cash flow unless otherwise noted. (2) Underwritten DSCR during partial interest only period. (3) The interest rate was rounded to three decimal places. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Hotel PROPERTY SUB TYPE: Full Service LOCATION: Chicago, IL YEAR BUILT/RENOVATED: 1991/2005 NUMBER OF KEYS: 366 CUT-OFF BALANCE PER KEY: $204,918 OCCUPANCY AS OF 03/31/2006: 75.9% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: Sunstone Hotel Properties, Inc. U/W NET CASH FLOW: $8,034,749 APPRAISED VALUE: $114,000,000 - -------------------------------------------------------------------------------- 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 74 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET EMBASSY SUITES CHICAGO - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR FULL YEAR TRAILING 12 (12/31/2004) (12/31/2005) (03/31/2006) UNDERWRITTEN ------------ ------------ ------------ ------------ Effective Gross Income ......... $18,833,686 $22,136,649 $22,496,979 $23,234,263 Total Expenses ................. $12,486,115 $13,849,295 $13,973,468 $14,270,143 Net Operating Income (NOI) ..... $ 6,347,571 $ 8,287,354 $ 8,523,511 $ 8,964,120 Cash Flow (CF) ................. $ 6,126,818 $ 7,401,888 $ 7,623,632 $ 8,034,749 DSCR on NOI .................... 1.14x 1.49x 1.53x 1.61x DSCR on CF ..................... 1.10x 1.33x 1.37x 1.44x OPERATIONAL STATISTICS FULL YEAR FULL YEAR TRAILING 12 (12/31/2004) (12/31/2005) (03/31/2006) UNDERWRITTEN ------------ ------------ ------------ ------------ Average Daily Rate (ADR) ....... $171.96 $187.55 $191.57 $197.59 Occupancy ...................... 73.5% 76.1% 75.9% 75.9% RevPAR ......................... $126.42 $142.66 $145.43 $150.00 ADR Penetration Rate(1) ........ 119.5% 116.7% 115.7% NAP Occupancy Penetration Rate(1) .. 97.5% 100.7% 99.9% NAP RevPAR Penetration Rate(1) ..... 116.3% 117.4% 115.5% NAP (1) Based on Smith Travel Research reports. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 75 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET EMBASSY SUITES CHICAGO - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The Embassy Suites Chicago Mortgage Loan is a $75.0 million, 132-month fixed rate loan secured by a first mortgage on a 366-room, full service hotel located in Chicago, Illinois. The Embassy Suites Chicago Mortgage Loan bears interest at an annual interest rate, rounded to three decimal places, of 5.577%. The loan is interest-only for the first five years of its term and matures on March 1, 2017. THE BORROWER: o The Embassy Suites Chicago Borrower is Sunstone North State, LLC, a Delaware limited liability company and a single purpose entity. The sponsor of the Embassy Suites Chicago Mortgage Loan is Sunstone Hotel Investors, Inc. o Sunstone Hotel Investors, Inc. ("Sunstone") (NYSE: "SHO"), is a southern California-based real estate investment trust that owns hotels throughout the United States. As of December 31, 2005, Sunstone owned 60 hotels, comprising 17,333 rooms, located in 17 states in the United States. Sunstone's hotels are operated under a number of flags, including Marriott, Hilton, Hyatt, Renaissance and Wyndham. THE PROPERTY: o The Embassy Suites Chicago Mortgaged Property is an 11-story, 366-key, full service hotel located in downtown Chicago, Illinois. The property is situated at the intersection of North State Street and West Ohio Street, three blocks from the Magnificent Mile, a major shopping corridor and tourist destination. o Amenities at the Embassy Suites Chicago Mortgaged Property include 5,732 square feet of flexible meeting space, an indoor pool, a gift shop, a fitness center and two food and beverage outlets. Each guestroom is a two room suite which features a bed, two televisions, sofa, wet bar, a table with four chairs, a refrigerator, microwave oven, coffee maker, two telephones with data ports, high speed internet access, a well lit dining/work table and sleeper sofa in the living room. o The Embassy Suites Chicago Mortgaged Property was built in 1991 and has been continually upgraded to maintain its condition. From 2003-2005, Sunstone invested approximately $9.2 million ($25,137 per key) in physical improvements to the hotel including extensive guestroom and common area upgrades, the addition of a new restaurant, and fitness center and swimming pool renovations. PROPERTY MANAGEMENT: o Sunstone Hotel Properties, Inc., an affiliate of the borrower, manages the Embassy Suites Chicago Mortgaged Property. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None. FUTURE PARI PASSU, 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 76 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET EMBASSY SUITES CHICAGO - -------------------------------------------------------------------------------- [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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 77 (This Page Intentionally Left Blank) BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DOMINION TOWER - -------------------------------------------------------------------------------- [PHOTO 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 78 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DOMINION TOWER - -------------------------------------------------------------------------------- SIGNIFICANT MORTGAGE LOANS DOMINION TOWER - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- LOAN SELLER: Bank of America ORIGINAL NOTE PRINCIPAL BALANCE: $63,650,000 FIRST PAYMENT DATE: June 1, 2006 TERM/AMORTIZATION: 120/360 months INTEREST ONLY PERIOD: 60 months MATURITY DATE: May 1, 2016 EXPECTED NOTE MATURITY BALANCE: $59,555,865 BORROWING ENTITY: Dominion Tower Financial Associates, LLC; Four Bees-DT, LLC INTEREST CALCULATION: Actual/360 CALL PROTECTION: Lockout/Defeasance: 117 payments Open: 3 payments FUTURE MEZZANINE DEBT: Yes UP-FRONT RESERVES: TAX/INSURANCE RESERVE: Yes TI/LC RESERVE: $757,449 OTHER RESERVE(1): $795,515 ONGOING MONTHLY RESERVES: TAX/INSURANCE RESERVE: Yes REPLACEMENT RESERVE: $5,377 LOCKBOX: Hard - -------------------------------------------------------------------------------- (1) Borrower has established the "Wolcott Reserve Account" in the amount of $457,506 which represents two years of rent and reimbursements payable by Wolcott under the Wolcott Lease. Borrower also established the "Free Rent Reserve Account" in the amount of $338,009 which represents the aggregate rent that would otherwise be payable during the free rent periods. - -------------------------------------------------------------------------------- FINANCIAL INFORMATION - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE: $63,650,000 CUT-OFF DATE LTV: 66.3% MATURITY DATE LTV: 62.0% UNDERWRITTEN DSCR(1): 1.21x MORTGAGE RATE: 5.894% - -------------------------------------------------------------------------------- (1) DSCR figures based on net cash flow unless otherwise noted. - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- PROPERTY TYPE: Office PROPERTY SUB TYPE: CBD LOCATION: Norfolk, VA YEAR BUILT/RENOVATED: 1988/NAP NET RENTABLE SQUARE FEET: 403,276 CUT-OFF BALANCE PSF: $158 OCCUPANCY AS OF 03/06/2006: 89.8% OWNERSHIP INTEREST: Fee PROPERTY MANAGEMENT: Harbor Group Management Co. U/W NET CASH FLOW: $5,482,512 APPRAISED VALUE: $96,000,000 - -------------------------------------------------------------------------------- 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 79 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DOMINION TOWER - -------------------------------------------------------------------------------- FINANCIAL INFORMATION FULL YEAR (12/31/2005) UNDERWRITTEN ------------ ------------ Effective Gross Income ...... $8,367,876 $9,456,562 Total Expenses .............. $3,286,635 $3,430,368 Net Operating Income (NOI) .. $5,081,241 $6,026,194 Cash Flow (CF) .............. $5,081,241 $5,482,512 DSCR on NOI ................. 1.12x 1.33x DSCR on CF .................. 1.12x 1.21x TENANT INFORMATION(1) RATINGS TOTAL % OF RENT POTENTIAL % POTENTIAL LEASE TOP TENANTS FITCH/S&P TENANT SF TOTAL SF PSF RENT RENT EXPIRATION - -------------------------------- --------- --------- -------- ------ ----------- ----------- ---------- CACI International ............. NR/BB 41,282 10.2% $21.33 $ 880,545 10.4% 01/31/2011 Hofheimer aka Williams Mullen .. Not Rated 31,990 7.9% $22.67 725,213 8.6 01/31/2013 Bank of Hampton Roads .......... Not Rated 23,979 5.9% $22.15 531,135 6.3 09/30/2016 KPMG ........................... Not Rated 22,164 5.5% $21.12 468,104 5.5 10/31/2010 ------- ---- ---------- ---- TOTAL .......................... 119,415 29.6% $2,604,997 30.8% ======= ==== ========== ==== (1) Information obtained from underwritten rent roll except for Ratings (Fitch/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 4,939 1.2% 4,939 1.2% $ 77,185 2007 ............. 3 6,379 1.6 11,318 2.8% $ 155,379 2008 ............. 13 58,550 14.5 69,868 17.3% $1,133,758 2009 ............. 6 68,816 17.1 138,684 34.4% $1,419,083 2010 ............. 8 35,515 8.8 174,199 43.2% $ 715,453 2011 ............. 9 87,546 21.7 261,745 64.9% $1,868,365 2012 ............. 3 31,689 7.9 293,434 72.8% $ 685,276 2013 ............. 5 51,450 12.8 344,884 85.5% $1,180,875 2015 ............. 1 2,939 0.7 347,823 86.2% $ 63,923 2016 ............. 1 23,979 5.9 371,802 92.2% $ 531,135 2020 ............. 4 4,489 1.1 376,291 93.3% $ -- Vacant ........... -- 26,985 6.7 403,276 100.0% $ 620,655 --- ------- ----- TOTAL ............ 58 403,276 100.0% == ======= ===== (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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 80 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DOMINION TOWER - -------------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT TENANTS The four largest tenants, representing 29.6% of the total net rentable square feet, are: o CACI INTERNATIONAL (NYSE: "CAI") (rated "BB" by S&P) occupies 41,282 square feet (10.2% of square feet, 10.4% of rental income) under a five-year lease expiring on January 31, 2011. The current rental rate per square foot of $21.33 increases 3.0% annually. CACI was founded in 1962 with a focus on simulation technology and the computer industry. Since that time it has grown from a two-person operation to a multifaceted solutions provider with over 10,000 employees in more than 130 offices around the world. Their clients include the Department of Defense and all the Armed Services; the Departments of Homeland Security, Justice, State, and Veterans Affairs; and the Federal Aviation and Social Security Administrations. CACI delivers the information technology applications and infrastructures their clients use to improve communications and collaboration, secure network and systems information, enhance data collection and analysis, and increase efficiency and mission effectiveness. Headquartered in Arlington Virginia, CACI has been publicly owned since 1968. CACI reported 2005 revenues for the fiscal year ending June 30, 2005 of $1.62 billion. o HOFHEIMER ("Williams Mullen") (not rated) occupies 31,990 square feet (7.9% of square feet, 8.6% of income) on one 25-year lease and one seven-year lease, both expiring on January 31, 2013. The current rental rate per square foot of $22.67 increases 3.0% annually. There is one five-year renewal option to renew the lease with a rental rate per square foot determined at the then fair market. Williams & Mullen was founded in 1909 by two Richmond, Virginia attorneys, Lewis C. Williams and James Mullen. In 1961, a merger brought Stuart G. Christian to the firm, creating Williams, Mullen & Christian and in 2004, Williams Mullen & Christian merged with the Norfolk firm, Hofheimer Nusbaum. Williams Mullen provides comprehensive legal services to companies whose businesses range from regional and national to global. Williams Mullen has offices in Virginia, Washington, D.C. and London and represents a diverse group of clients. o BANK OF HAMPTON ROADS (not rated) occupies 23,979 square feet (5.9% of square feet, 6.3% of rental income) under an 11-year lease expiring on September 30, 2016. The current rental rate per square foot of $22.15 increases 3.0% annually after the first 24 months. There is one 7-year renewal option to renew the lease with the rental rate per square foot determined at the then fair market. Bank of Hampton Roads was founded in the 1980's when a number of mergers and acquisitions left Chesapeake without a community bank. The founders, a group of local business owners and community leaders, created the Bank of Hampton Roads. Since December 1987, the Bank has grown from one location into seventeen locations in Southside Hampton Roads. The Bank of Hampton Roads continues to be locally owned and operated. The Dominion Tower Mortgaged Property is home to Bank of Hampton Roads corporate headquarters. o KPMG (not rated) occupies 22,164 square feet (5.5% of square feet, 5.5% of rental income) under a seven-year lease expiring on October 31, 2010. The current rental rate per square foot of $21.12 increases 3.0% annually. There are two 5-year renewal options to renew the lease with the base rent during the renewal term being 95% of the then fair market value. KPMG was formed in 1987 with the merger of Peat Marwick International and Klynveld Main Goerdeler, and their respective member firms. KPMG is a global network of professional firms providing Audit, Tax and Advisory services. KPMG operates in 144 countries and has over 6,700 partners, 76,000 client service professionals, and 21,000 administration and support staff working in member firms around the world. 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 81 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DOMINION TOWER - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION THE LOAN: o The Dominion Tower Loan is a $63.65 million ten-year fixed rate loan secured by a first mortgage on a 26 story Class A office building and an 8-level parking garage located in Norfolk, Virginia. The Dominion Tower Loan is interest-only for the first five years of the loan term, amortizes over a 30 year period, matures on May 1, 2016 and accrues interest at an annual interest rate of 5.894%. THE BORROWER: o The borrowing entity is Dominion Tower Financial Associates, LLC & Four Bees-DT, LLC as tenants in common. The borrower principal is HGGP Capital II, LLC, a Virginia multi-member LLC. HGGP Capital is an affiliate of Harbor Group International. o Harbor Group, established in 1985, is one of the fastest growing real estate investment and operating firms in the Southeast. Headquartered in Norfolk, Virginia, Harbor Group controls more than $1.3 billion worth of investment properties in the United States. THE PROPERTY: o The Dominion Tower Mortgaged Property consists of a fee simple interest in a Class "A" office building built in 1988. The improvements consist of a 26-story office building totaling 403,276 net rentable square feet and an eight-story parking garage containing 1,255 parking spaces. o The Dominion Tower Mortgaged Property is located in the central business district of Norfolk, Virginia. The City of Norfolk is situated south of the Hampton Roads harbor in the Southside region of the Norfolk-Virginia Beach metropolitan statistical area. The City of Norfolk is bordered by Chesapeake Bay and Newport News to the north, Virginia Beach to the east, Chesapeake to the south and Portsmouth to the west. o The Dominion Tower Borrower is generally required at its sole cost and expense to keep the Dominion 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 Harbor Group Management Company manages the Dominion Tower Mortgaged Property. Harbor Group, established in 1985, is one of the fastest growing real estate investment and operating firms in the Southeast. Headquartered in Norfolk, Virginia, Harbor Group's current portfolio includes investments in commercial, office and retail, industrial and multi-family residential properties. Harbor Group International currently owns approximately 5.6 million square feet of office space, approximately 835,000 square feet of retail space and approximately 9,000 apartment units in 18 markets. CURRENT MEZZANINE OR SUBORDINATE INDEBTEDNESS: o None. FUTURE MEZZANINE OR SUBORDINATE INDEBTEDNESS: o After two years the Dominion Tower Borrower is permitted to incur mezzanine financing 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 a subordination and intercreditor agreement in form and substance 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 Dominion Tower Mortgage Loan, results in a maximum loan-to-value ratio greater than 80% and a minimum debt service coverage ratio less than 1.15x; and (e) 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 Dominion Tower 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 82 BANC OF AMERICA COMMERCIAL MORTGAGE INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2 - -------------------------------------------------------------------------------- COLLATERAL TERM SHEET DOMINION 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. See "Important Notice Regarding the Offered Certificates" in this free writing prospectus. 83