INFORMATION IN THESE MATERIALS MAY BE AMENDED OR COMPLETED PRIOR TO SALE, DATED DECEMBER 4, 2006. STRUCTURAL AND COLLATERAL INFORMATION $2,635,284,000 (APPROXIMATE) WACHOVIA COMMERCIAL MORTGAGE SECURITIES, INC. DEPOSITOR WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES CLASSES A-1, A-2, A-3, A-PB, A-4, A-1A, X-P, A-M, A-J, B, C, D AND E - -------------------------------------------------------------------------------- SERIES 2006-C29 - -------------------------------------------------------------------------------- DECEMBER 4, 2006 Mortgage Loan Sellers and Sponsors WACHOVIA BANK, NATIONAL ASSOCIATION ARTESIA MORTGAGE CAPITAL CORPORATION Master Servicer WACHOVIA BANK, NATIONAL ASSOCIATION Special Servicer LNR PARTNERS, INC. [LOGO] WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. TABLE OF CONTENTS Transaction Structure Transaction Terms ........................................................ 3 Structure Overview ....................................................... 8 Mortgage Pool Characteristics as of the Cut-Off Date General Characteristics .................................................. 11 Property Type ............................................................ 12 Property Location ........................................................ 13 Cut-Off Date Balance ..................................................... 14 Mortgage Rate ............................................................ 14 Underwritten Debt Service Coverage Ratio ................................. 14 Cut-Off Date Loan-to-Value Ratio ......................................... 14 Maturity Date or ARD Loan-to-Value Ratio ................................. 14 Original Term to Maturity ................................................ 15 Remaining Term to Maturity ............................................... 15 Original Amortization Term ............................................... 15 Remaining Stated Amortization Term ....................................... 15 Original Interest-Only Term .............................................. 15 Prepayment Provision Summary ............................................. 15 Seasoning ................................................................ 15 Shadow Rated Loans ....................................................... 15 Twenty Largest Mortgage Loans ............................................. 16 Duke Realty Industrial Pool .............................................. 17 Centro Syndicate 2 Pool .................................................. 23 Galleria at Tyler ........................................................ 29 Centro International Wholesale Pool ...................................... 35 Westfield Fox Valley ..................................................... 41 Newport Bluffs ........................................................... 47 Renaissance Tower Office Building ........................................ 53 21 -- 25 West 34th Street ................................................ 59 La Jolla International Apartments ........................................ 65 Deer Park Town Center .................................................... 71 Dakota Square Mall ....................................................... 76 La Scala Apartments ...................................................... 80 Pennwood Crossing MHP .................................................... 82 Alhambra Towers .......................................................... 84 AMLI at Riverbend ........................................................ 86 Hilton - Providence, RI .................................................. 88 Las Colinas Portfolio .................................................... 90 Arcadia Gateway Center Portfolio ......................................... 94 New Market Pool .......................................................... 98 Crossroads Technology Park ............................................... 100 Additional Mortgage Loan Information ...................................... 102 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- TRANSACTION STRUCTURE - -------------------------------------------------------------------------------- TRANSACTION TERMS - -------------------------------------------------------------------------------- NOTE: CAPITALIZED TERMS USED BUT NOT OTHERWISE DEFINED HEREIN HAVE THE MEANINGS ASCRIBED TO THEM IN THE PROSPECTUS SUPPLEMENT, DATED DECEMBER 4, 2006. ISSUE TYPE Sequential pay REMIC. Class A-1, Class A-2, Class A-3, Class A-PB, Class A-4, Class A-1A, Class X-P, Class A-M, Class A-J, Class B, Class C, Class D and Class E Certificates (the "Offered Certificates") are offered publicly. All other Certificates will be privately placed to qualified institutional buyers, institutional accredited investors or purchasers in offshore transactions in reliance on Regulation S. CUT-OFF DATE All Mortgage Loan characteristics are based on balances as of the Cut-Off Date, which is December 1, 2006, with respect to 1 Mortgage Loan, December 9, 2006, with respect to 2 Mortgage Loans and December 11, 2006, with respect to 139 Mortgage Loans. All percentages presented herein are approximate. MORTGAGE POOL The Mortgage Pool consists of 142 Mortgage Loans (the "Mortgage Loans") with an aggregate principal balance as of the Cut-Off Date of $3,371,274,181 (the "Cut-Off Date Pool Balance"), subject to a variance of plus or minus 5%. The Mortgage Loans are secured by 209 properties (the "Mortgaged Properties") located throughout 38 states and the District of Columbia. The Mortgage Pool will be deemed to consist of 2 loan groups ("Loan Group 1" and "Loan Group 2" and, together, the "Loan Groups"). Loan Group 1 will consist of (i) 100 of the Mortgage Loans that are not secured by Mortgaged Properties that are multifamily or mobile home park properties and (ii) 2 Mortgage Loans that are secured by multifamily properties, with an aggregate principal balance as of the Cut-Off Date of $2,672,262,712 (the "Cut-Off Date Group 1 Balance"). Loan Group 2 will consist of (i) 38 Mortgage Loans that are secured by multifamily properties and (ii) 2 Mortgage Loans that are secured by mobile home park properties, with an aggregate principal balance as of the Cut-Off Date of $699,011,469 (the "Cut-Off Date Group 2 Balance"). DEPOSITOR Wachovia Commercial Mortgage Securities, Inc. UNDERWRITERS Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. It is intended that Wachovia Securities International Limited will act as a member of the selling group on behalf of Wachovia Capital Markets, LLC and may sell Offered Certificates on behalf of Wachovia Capital Markets, LLC in certain jurisdictions. MORTGAGE LOAN SELLERS AND Wachovia Bank, National Association ("Wachovia") and SPONSORS Artesia Mortgage Capital Corporation ("Artesia"). NUMBER OF AGGREGATE PERCENTAGE OF MORTGAGE CUT-OFF DATE CUT-OFF DATE MORTGAGE LOAN SELLER LOANS BALANCE POOL BALANCE ------------------------------------ --------- -------------- ------------- Wachovia Bank, National Association 115 $3,036,387,201 90.1% Artesia Mortgage Capital Corporation 27 334,886,980 9.9 --- -------------- ----- TOTAL 142 $3,371,274,181 100.0% === ============== ===== This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 3 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- TRANSACTION TERMS - -------------------------------------------------------------------------------- TRUSTEE Wells Fargo Bank, N.A. MASTER SERVICER Wachovia Bank, National Association SPECIAL SERVICER LNR Partners, Inc. RATING AGENCIES Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc. ("S&P") and Moody's Investors Service, Inc. ("Moody's"). DENOMINATIONS $10,000 minimum for the Offered Certificates other than the Class X-P Certificates. $1,000,000 minimum for the Class X-P Certificates. CLOSING DATE On or about December 22, 2006. SETTLEMENT TERMS Book-entry through DTC for all Offered Certificates. DISTRIBUTION DATE The fourth business day following the related Determination Date, commencing in January 2007. DETERMINATION DATE The 11th day of each month, or if such 11th day is not a business day, the next succeeding business day, commencing, with respect to the Offered Certificates, in January 2007. 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 or Notional Amount of such Class. Interest will be distributed on each Distribution Date in sequential order of Class designations with the Class A-1, Class A-2, Class A-3, Class A-PB, Class A-4, Class A-1A, Class X-C and Class X-P Certificates and the Class A-4FL Regular Interest ranking pari passu in entitlement to interest. The Offered Certificates will accrue interest on the basis of a 360-day year consisting of twelve 30-day months. The interest accrual period with respect to any Distribution Date and any Class of Offered Certificates is the calendar month preceding the month in which the Distribution Date occurs. PRINCIPAL DISTRIBUTIONS Principal will be distributed on each Distribution Date in accordance with the priorities set forth in "DESCRIPTION OF THE CERTIFICATES--Distributions" in the free writing prospectus, dated December 4, 2006 (the "Prospectus Supplement"). Generally, the Class A-1, Class A-2, Class A-3, Class A-PB and Class 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-4 Certificates and Class A-4FL Regular Interest have been reduced to zero. If, due to losses, the Certificate Balances of the Class A-M through Class Q Certificates are reduced to zero, but any two or more of the Class A-1, Class A-2, Class A-3, Class A-PB, Class A-4, Class A-4FL and Class A-1A Certificates remain outstanding, payments of principal (other than distributions of principal otherwise allocable to reduce the Certificate Balance of the Class A-PB Certificates to its planned principal amount) to the Class A-1, Class A-2, Class A-3, Class A-PB, Class A-4 and Class A-1A Certificates and the Class A-4FL Regular Interest (and, therefore, to the Class A-4FL Certificates) will be made on a pro rata basis. The Class X-C and Class X-P Certificates will not be entitled to distributions of principal. LOSSES Realized Losses and Additional Trust Fund Expenses, if any, will be allocated to the Class Q, Class P, Class O, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C, Class B, Class A-J and Class A-M Certificates, in that order, and then, pro rata, to the Class A-1, Class A-2, Class A-3, Class A-PB, Class A-4 and Class A-1A Certificates and the Class A-4FL Regular Interest (and, therefore, to the Class A-4FL Certificates). This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 4 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- TRANSACTION TERMS - -------------------------------------------------------------------------------- PREPAYMENT PREMIUMS Any Prepayment Premiums or Yield Maintenance Charges AND YIELD MAINTENANCE actually collected on a Mortgage Loan during the CHARGES related collection period in which the prepayment occurred will be distributed to Certificateholders on the related Distribution Date following the collection period in which the prepayment occurred. Generally, the Class A-1, Class A-2, Class A-3, Class A-PB and Class A-4 Certificates and the Class A-4FL Regular Interest will only be entitled to receive distributions of Prepayment Premiums or Yield Maintenance Charges 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 Prepayment Premiums or Yield Maintenance Charges in respect of Mortgage Loans in Loan Group 2 until the Certificate Balances of the Class A-4 Certificates and the Class A-4FL Regular Interest have been reduced to zero. On each Distribution Date, the holders of each Class of Offered Certificates, the Class A-4FL Regular Interest and the Class F, Class G, Class H and Class J Certificates then entitled to principal distributions will be entitled to a portion of Prepayment Premiums or Yield Maintenance Charges equal to the product of (a) the amount of such Prepayment Premiums or Yield Maintenance Charges, multiplied by (b) a fraction, the numerator of which is equal to the excess, if any, of the Pass-Through Rate of such Class of Certificates over the relevant Discount Rate, and the denominator of which is equal to the excess, if any, of the Mortgage Rate of the prepaid Mortgage Loan over the relevant Discount Rate, multiplied by (c) a fraction, the numerator of which is equal to the amount of principal distributable on such Class of Certificates on such Distribution Date, and the denominator of which is the Principal Distribution Amount for such Distribution Date. The portion, if any, of the Prepayment Premiums or Yield Maintenance Charges remaining after any payments described above will be distributed as follows (a) on or before the Distribution Date in December 2013, 49% to the holders of the Class X-P Certificates and 51% to the holders of the Class X-C Certificates and (b) thereafter, 100% to the holders of the Class X-C Certificates. NON-SERVICED LOAN The Newport Bluffs Loan will be serviced pursuant to the pooling and servicing agreement relating to another transaction. See "SERVICING OF THE MORTGAGE LOANS--Servicing of the Newport Bluffs Loan" in the Prospectus Supplement. ADVANCES The Master Servicer, and if the Master Servicer fails to do so, the Trustee, will be obligated to make P&I Advances and Servicing Advances, including delinquent property taxes and insurance, on the Mortgage Loans (other than the Newport Bluffs Loan), but only to the extent that such Advances are not deemed non-recoverable and, in the case of P&I Advances, subject to any Appraisal Reductions that may occur. With respect to the Newport Bluffs Loan, P&I Advances and Servicing Advances will generally be made by the 2006-C28 Master Servicer. If the 2006-C28 Master Servicer fails to make any P&I Advance that it is otherwise required to make, the Master Servicer under the Pooling and Servicing Agreement will make such P&I Advance. APPRAISAL REDUCTIONS An appraisal reduction generally will be created in the amount, if any, by which the principal balance of a Required Appraisal Loan (plus other amounts overdue or advanced in connection with such loan) exceeds 90% of the appraised value of the related Mortgaged Property plus all escrows and reserves (including letters of credit) held with respect to the Mortgage Loan. As a result of calculating an Appraisal Reduction Amount for a given Mortgage Loan, the P&I Advance for such Mortgage Loan will be reduced, which will have the effect of reducing the amount of interest available for distribution to the Subordinate Certificates in reverse order of priority of the Classes. An Appraisal Reduction will be reduced to zero as of the date the related Mortgage Loan has been brought current for at least three consecutive months, paid in full, liquidated, repurchased or otherwise disposed. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 5 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- TRANSACTION TERMS - -------------------------------------------------------------------------------- OPTIONAL TERMINATION The Master Servicer, the Special Servicer and certain Certificateholders will have the option to terminate the Trust Fund in whole, but not in part, and purchase the remaining assets of the Trust Fund on or after the Distribution Date on which the Stated Principal Balance of the Mortgage Loans then outstanding is less than 1% of the Cut-Off Date 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. The Trust Fund may also be terminated under certain circumstances when the Offered Certificates have been paid in full and the remaining outstanding Certificates (other than the Class Z Certificates, Class R-I Certificates and Class R-II Certificates) are held by a single Certificateholder. CONTROLLING CLASS The Class of Sequential Pay Certificates (a) which bears the latest alphabetical Class designation and (b) the Certificate Balance of which is greater than 25% of its original Certificate Balance; provided, however, if no Class of Sequential Pay Certificates satisfies clause (b) above, the Controlling Class shall be the outstanding Class of Sequential Pay Certificates bearing the latest alphabetical Class designation. CONTROLLING CLASS The representative appointed by the holder of the REPRESENTATIVE majority of the Class Principal Balance of the Controlling Class. In addition, the holders of the Companion Loans may have the ability to exercise some or all of the rights of the Controlling Class and the Controlling Class Representative. See "SERVICING OF THE MORTGAGE LOANS--The Controlling Class Representative" and "--Servicing of the Newport Bluffs Loan" in the Prospectus Supplement for more information. 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. TAX The Offered Certificates will be treated as regular interests in a REMIC. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 6 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- TRANSACTION TERMS - -------------------------------------------------------------------------------- WACHOVIA CAPITAL MARKETS, LLC Charles Culbreth (704) 383-7716 (Phone) (704) 715-0066 (Fax) Scott Fuller (704) 715-8440 (Phone) (704) 715-1214 (Fax) Bill White (704) 715-8440 (Phone) (704) 715-1214 (Fax) Chris Campbell (704) 715-8440 (Phone) (704) 715-1214 (Fax) GOLDMAN, SACHS & CO. GREENWICH CAPITAL MARKETS, INC. Anthony Kim Chris McCormack (212) 357-7160 (Phone) (203) 625-2900 (Phone) (212) 902-1691 (Fax) (203) 618-2052 (Fax) Scott Walter Perry Gershon (212) 357-8910 (Phone) (203) 618-2267 (Phone) (212) 902-1691 (Fax) (203) 618-2134 (Fax) Mitch Resnick Andy Snow +44-20-7774-3068 (Phone) (203) 625-2775 (Phone) +44-20-7552-0990 (Fax) (203) 618-2134 (Fax) Omar Chaudhary +81-3-6437-7198 (Phone) +81-3-6437-1200 (Fax) This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 7 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- STRUCTURE OVERVIEW - -------------------------------------------------------------------------------- OFFERED CERTIFICATES APPROX. ASSUMED EXPECTED RATINGS % OF APPROX. WEIGHTED FINAL ---------------- CERTIFICATE CUT-OFF DATE CREDIT AVERAGE PRINCIPAL DISTRIBUTION CLASS S&P MOODY'S BALANCE(1) POOL BALANCE SUPPORT LIFE(YRS)(2) WINDOW(2) DATE(2) RATE TYPE - --------------------------------------------------------------------------------------------------------------------------------- A-1 AAA Aaa $ 16,719,000 0.496% 30.000% 3.04 01/07 - 10/11 10/15/11 Fixed A-2 AAA Aaa $ 291,337,000 8.642% 30.000% 4.83 10/11 - 12/11 12/15/11 Fixed A-3 AAA Aaa $ 161,040,000 4.777% 30.000% 6.98 12/13 - 12/13 12/15/13 Fixed A-PB AAA Aaa $ 49,253,000 1.461% 30.000% 7.33 12/11 - 06/16 06/15/16 Fixed A-4 AAA Aaa $ 642,531,000 19.059% 30.000% 9.86 06/16 - 11/16 11/15/16 Fixed A-1A AAA Aaa $ 699,011,000 20.734% 30.000% 8.81 01/07 - 11/16 11/15/16 Fixed(4) X-P AAA Aaa $3,240,519,000(3) N/A N/A N/A N/A 12/15/13 Variable(3) A-M AAA Aaa $ 337,128,000 10.000% 20.000% 9.95 11/16 - 12/16 12/15/16 Fixed A-J AAA Aaa $ 303,415,000 9.000% 11.000% 9.98 12/16 - 12/16 12/15/16 Fixed B AA+ Aa1 $ 25,284,000 0.750% 10.250% 9.98 12/16 - 12/16 12/15/16 Fixed C AA Aa2 $ 33,713,000 1.000% 9.250% 9.98 12/16 - 12/16 12/15/16 Fixed(4) D AA- Aa3 $ 29,498,000 0.875% 8.375% 9.98 12/16 - 12/16 12/15/16 Fixed(4) E A A2 $ 46,355,000 1.375% 7.000% 9.98 12/16 - 12/16 12/15/16 Fixed(4) NON-OFFERED CERTIFICATES APPROX. ASSUMED EXPECTED RATINGS % OF APPROX. WEIGHTED FINAL ---------------- CERTIFICATE CUT-OFF DATE CREDIT AVERAGE PRINCIPAL DISTRIBUTION CLASS S&P MOODY'S BALANCE(1) POOL BALANCE SUPPORT LIFE(YRS)(2) WINDOW(2) DATE(2) RATE TYPE - ---------------------------------------------------------------------------------------------------------------------------------- A-4FL(5)(6) AAA Aaa $ 500,000,000 14.831% 30.000% (5) (5) (5) Floating F (5) A- A3 $ 37,927,000 1.125% 5.875% (5) (5) (5) Fixed(4) G (5) BBB+ Baa1 $ 37,927,000 1.125% 4.750% (5) (5) (5) Fixed(4) H (5) BBB Baa2 $ 33,713,000 1.000% 3.750% (5) (5) (5) WAC(7) J (5) BBB- Baa3 $ 37,927,000 1.125% 2.625% (5) (5) (5) WAC(8) K (5) BB+ Ba1 $ 12,642,000 0.375% 2.250% (5) (5) (5) Fixed(4) L (5) BB Ba2 $ 8,428,000 0.250% 2.000% (5) (5) (5) Fixed(4) M (5) BB- Ba3 $ 8,428,000 0.250% 1.750% (5) (5) (5) Fixed(4) N (5) B+ B1 $ 4,214,000 0.125% 1.625% (5) (5) (5) Fixed(4) O (5) B B2 $ 8,429,000 0.250% 1.375% (5) (5) (5) Fixed(4) P (5) B- B3 $ 8,428,000 0.250% 1.125% (5) (5) (5) Fixed(4) Q (5) NR NR $ 37,927,181 1.125% 0.000% (5) (5) (5) Fixed(4) X-C(5) AAA Aaa $3,371,274,181(3) N/A N/A (5) (5) (5) WAC-IO(3) (1) Subject to a permitted variance of plus or minus 5.0%. (2) As of the Cut-Off Date, the Weighted Average Life, Principal Window and Assumed Final Distribution Date were calculated assuming no prepayments will be made on the Mortgage Loans prior to their related maturity dates (or, in the case of ARD Loans, their Anticipated Repayment Dates) and the other assumptions set forth under "YIELD AND MATURITY CONSIDERATIONS--Yield Considerations" in the Prospectus Supplement. (3) The Class X-C and Class X-P 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 each of the components of the Class X-C and Class X-P Certificates as described in the Prospectus Supplement. The interest rate applicable to each of the Class X-C and Class X-P Certificates for each distribution date will be as described in the Prospectus Supplement. (4) The pass-through rate applicable to each of the Class A-1A, Class C, Class D, Class E, Class F, Class G, Class K, Class L, Class M, Class N, Class O, Class P and Class Q Certificates for any distribution date will be subject to a maximum rate of the applicable weighted average net mortgage rate (calculated as described in the Prospectus Supplement) for such date. (5) Not offered hereby. Any information provided herein regarding the terms of these Certificates is provided only to enhance your understanding of the Offered Certificates. (6) The certificate balance of the Class A-4FL Certificates will be equal to the certificate balance of the Class A-4FL Regular Interest. The pass-through rate applicable to the Class A-4 FL Certificates on each distribution date will be a per annum rate equal to LIBOR plus %. In addition, under certain circumstances described in the Prospectus Supplement, the pass-through rate applicable to the Class A-4FL Certificates may convert to a fixed rate equal to % per annum. The initial LIBOR rate will be determined on December 20, 2006, and subsequent LIBOR rates will be determined two LIBOR business days before the start of the related interest accrual period. See "DESCRIPTION OF THE SWAP CONTRACTS--The Swap Contracts" and "DESCRIPTION OF THE CERTIFICATES--Distributions" in the Prospectus Supplement. The ratings assigned to the Class A-4FL Certificates only reflect the receipt of a fixed rate of interest at a rate of % per annum, subject to a maximum pass-through rate equal to the applicable weighted average net mortgage rate for the related date. See "RATINGS" in the Prospectus Supplement. (7) The pass-through rate applicable to the Class H Certificates for any distribution date will be equal to the weighted average net mortgage rate (calulated as described in the Prospectus Supplement) minus % for the related date. (8) The pass-through rate applicable to the Class J Certificates for any distribution date will be equal to the applicable weighted average net mortgage rate (calculated as described in the Prospectus Supplement) for such date. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 8 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- STRUCTURE OVERVIEW - -------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- LOAN GROUP 1 SHORT-TERM COLLATERAL SUMMARY - ----------------------------------------------------------------------------------------- MORTGAGE LOAN CUT-OFF DATE BALLOON NUMBER PROPERTY NAME POOL BALANCE BALANCE* - ----------------------------------------------------------------------------------------- CLASS A-1 CLASS A-1 TOTAL BALLOON PAYMENT $ -- CLASS A-1 AMORTIZATION 16,719,000 ------------ TOTAL CLASS A-1 CERTIFICATE BALANCE $ 16,719,000 ============ CLASS A-2 3 Galleria at Tyler $205,000,000 $205,000,000 10 Deer Park Town Center $ 60,000,000 60,000,000 45 Warner Crossings $ 17,300,000 17,300,000 95 Big Dog Distribution Facility $ 7,630,000 7,174,619 ------------ CLASS A-2 TOTAL BALLOON PAYMENT $289,474,619 CLASS A-2 AMORTIZATION 1,862,381 ------------ TOTAL CLASS A-2 CERTIFICATE BALANCE $291,337,000 ============ CLASS A-3 4 Centro International Wholesale Pool $161,039,673 $161,039,673 ------------ CLASS A-3 TOTAL BALLOON PAYMENT $161,039,673 CLASS A-3 AMORTIZATION 327 ------------ TOTAL CLASS A-3 CERTIFICATE BALANCE $161,040,000 ============ CLASS A-PB CLASS A-PB TOTAL BALLOON PAYMENT $ -- CLASS A-PB AMORTIZATION 49,253,000 ------------ TOTAL CLASS A-PB CERTIFICATE BALANCE $ 49,253,000 ============ - ----------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- WEIGHTED WEIGHTED WEIGHTED MORTGAGE AVERAGE AVERAGE AVERAGE WEIGHTED LOAN PROPERTY REMAINING REMAINING CUT-OFF DATE AVERAGE NUMBER TYPE TERM IO TERM LTV DSCR - ----------------------------------------------------------------------------------------- CLASS A-1 CLASS A-2 3 Retail 58 58 44.9% 1.97x 10 Retail 58 58 46.5% 2.44x 45 Office 60 60 75.2% 1.31x 95 Industrial 60 0 74.1% 1.22x 58 57 47.8% 2.01X CLASS A-3 Retail 84 84 53.4% 2.31x 4 84 84 53.4% 2.31X CLASS A-PB - ----------------------------------------------------------------------------------------- * The information presented above is intended to depict the assumed effect of the repayment of certain Mortgage Loans on certain Classes of Certificates. As of the Cut-Off Date, the balloon balances, total balloon payments and remaining class amortization were calculated assuming no prepayments will be made on the Mortgage Loans prior to their related maturity dates and the other assumptions set forth under "YIELD AND MATURITY CONSIDERATIONS--Yield Considerations" in the Prospectus Supplement. Totals may not sum due to rounding. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 9 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- THIS PAGE INTENTIONALLY LEFT BLANK This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 10 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE - -------------------------------------------------------------------------------- ALL GENERAL CHARACTERISTICS(1) MORTGAGE LOANS LOAN GROUP 1 LOAN GROUP 2 - ------------------------------------------------------------------------------------------------------------------------------------ Number of Mortgage Loans ................................................. 142 102 40 Number of Crossed Loan Pools ............................................. 3 2 1 Number of Mortgaged Properties ........................................... 209 169 40 Aggregate Balance of all Mortgage Loans .................................. $3,371,274,181 $2,672,262,712 $ 699,011,469 Number of Mortgage Loans with Balloon Payments(2) ........................ 60 47 13 Aggregate Balance of Mortgage Loans with Balloon Payments(2) ............. $ 839,066,302 $ 671,869,833 $ 167,196,469 Number of Mortgage Loans with Anticipated Repayment Date(3) .............. 6 6 0 Aggregate Balance of Mortgage Loans with Anticipated Repayment Date(3) ... $ 52,608,776 $ 52,608,776 $ 0 Number of Fully Amortizing Mortgage Loans ................................ 2 1 1 Aggregate Balance of Fully Amortizing Mortgage Loans ..................... $ 13,700,000 $ 6,700,000 $ 7,000,000 Number of Interest Only Mortgage Loans(4) ................................ 74 48 26 Aggregate Balance of Interest Only Mortgage Loans(4) ..................... $2,465,899,103 $1,941,084,103 $ 524,815,000 Average Balance of Mortgage Loans ........................................ $ 23,741,367 $ 26,198,654 $ 17,475,287 Minimum Balance of Mortgage Loans ........................................ $ 840,000 $ 840,000 $ 2,460,000 Maximum Balance of Mortgage Loans ........................................ $ 318,976,000 $ 318,976,000 $ 65,050,000 Maximum Balance for a group of cross-collateralized and cross-defaulted Mortgage Loans ......................................................... $ 42,525,000(5) $ 42,525,000(5) $ 10,520,000(6) Weighted Average LTV ratio(7)(8) ......................................... 68.5% 67.4% 72.8% Minimum LTV ratio(7)(8) .................................................. 40.5% 40.5% 55.7% Maximum LTV ratio(7)(8) .................................................. 80.5% 80.5% 80.0% Weighted Average LTV at Maturity or Anticipated Repayment Date(7)(8) ..... 66.6% 65.4% 70.9% Weighted Average DSCR(9) ................................................. 1.57x 1.63x 1.32x Minimum DSCR(9) .......................................................... 1.04x 1.04x 1.17x Maximum DSCR(9) .......................................................... 2.44x 2.44x 1.94x Weighted Average Mortgage Loan interest rate ............................. 5.729% 5.715% 5.782% Minimum Mortgage Loan interest rate ...................................... 5.260% 5.280% 5.260% Maximum Mortgage Loan interest rate ...................................... 6.505% 6.450% 6.505% Weighted Average Remaining Term to Maturity or Anticipated Repayment Date (months) .......................................................... 110 110 108 Minimum Remaining Term to Maturity or Anticipated Repayment Date (months) ............................................................... 57 58 57 Maximum Remaining Term to Maturity or Anticipated Repayment Date (months) ............................................................... 240 120 240 Weighted Average Occupany Rate(10) ....................................... 93.7% 93.2% 95.6% - ------------------------------------------------------------------------------------------------------------------------------------ (1) With respect to 3 Mortgage Loans (loan numbers 2, 4 and 6), the related Mortgage Loan documents permit the related borrower to obtain additional future debt that will be pari passu in right of entitlement with the related Mortgage Loan. For purposes of these numbers it has been assumed that such future debt is not advanced. For a description of the DSCRs and LTV Ratios, see "Centro Syndicate 2 Pool", "Centro International Wholesale Pool" and "Newport Bluffs" herein. (2) Does not include Mortgage Loans with anticipated repayment dates or Mortgage Loans that are interest-only for their entire term. (3) Does not include Mortgage Loans that are interest-only for their entire term. (4) Includes Mortgage Loans with anticipated repayment dates that are interest-only for the entire period until the anticipated repayment date. (5) Consists of a group of 2 individual Mortgage Loans (loan numbers 26 and 43). (6) Consists of a group of 3 individual Mortgage Loans (loan numbers 115, 126 and 134). (7) For a description of how the LTV Ratios for the Mortgage Loans are determined, see "DESCRIPTION OF THE MORTGAGE POOL--Additional Mortgage Loan Information" and "RISK FACTORS--The Mortgage Loans--Risks Related to Property Inspections and Certain Assumptions in Appraisals" in the Prospectus Supplement. (8) For purposes of determining the LTV Ratios for 14 Mortgaged Properties (loan numbers 1.02, 3, 8, 11, 16, 19, 32, 33, 98, 111, 123, 124, 129 and 137), representing, by allocated loan amount, 15.9% of the Cut-Off Date Pool Balance (12 Mortgaged Properties in Loan Group 1 or 19.2% of the Cut-Off Date Group 1 Balance and 2 Mortgaged Properties in Loan Group 2 or 3.6% of the Cut-Off Date Group 2 Balance), such ratios were calculated using "as-stabilized" appraised values as opposed to "as-is" values. See "DESCRIPTION OF THE MORTGAGE POOL--Additional Mortgage Loan Information" and "RISK FACTORS--Inspections and Appraisals May Not Accurately Reflect Value or Condition of Mortgaged Property" in the Prospectus Supplement. (9) For purposes of determining the DSCRs for 7 Mortgage Loans (loan numbers 19, 32, 51, 89, 100, 121 and 125), representing 2.8% of the Cut-Off Date Pool Balance (5 Mortgage Loans in Loan Group 1 or 3.1% of the Cut-Off Date Group 1 Balance and 2 Mortgage Loans in Loan Group 2 or 1.5% of the Cut-Off Date Group 2 Balance), such ratios were adjusted by taking into account amounts available under certain letters of credit and/or cash reserves. For a description of how the DSCRs for the Mortgage Loans are determined, see "DESCRIPTION OF THE MORTGAGE POOL--Additional Mortgage Loan Information" and "RISK FACTORS--Risks Relating to Net Cash Flow" in the Prospectus Supplement. (10) Does not include 6 hospitality properties, representing, by allocated loan amount, 2.8% of the Cut-Off Date Pool Balance (3.6% of the Cut-Off Date Group 1 Balance). In certain cases, occupancy includes space for which leases have been executed, but the tenant has not taken occupancy. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 11 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE - -------------------------------------------------------------------------------- [PIE CHART OMITTED] PROPERTY TYPE % OF NUMBER OF AGGREGATE % OF CUT-OFF DATE MORTGAGED CUT-OFF DATE CUT-OFF DATE GROUP 1 PROPERTY TYPE PROPERTIES BALANCE(1) POOL BALANCE BALANCE - ------------------------------------------------------------------------------ Retail 69 $1,309,545,712 38.8% 49.0% - ------------------------------------------------------------------------------ Retail -- Anchored 43 1,047,700,938 31.1 39.2 - ------------------------------------------------------------------------------ Retail -- Single Tenant 10 133,061,240 3.9 5.0 - ------------------------------------------------------------------------------ Retail - Unanchored 12 75,841,534 2.2 2.8 - ------------------------------------------------------------------------------ Retail -- Shadow Anchored(4) 4 52,942,000 1.6 2.0 - ------------------------------------------------------------------------------ Multifamily 40 763,161,469 22.6 5.2 - ------------------------------------------------------------------------------ Office 42 676,721,000 20.1 25.3 - ------------------------------------------------------------------------------ Industrial 35 391,616,000 11.6 14.7 - ------------------------------------------------------------------------------ Hospitality 6 95,600,000 2.8 3.6 - ------------------------------------------------------------------------------ Mobile Home Park 2 74,880,000 2.2 0.0 - ------------------------------------------------------------------------------ Mixed Use 7 43,850,000 1.3 1.6 - ------------------------------------------------------------------------------ Self Storage 8 15,900,000 0.5 0.6 - ------------------------------------------------------------------------------ 209 $3,371,274,181 100.0% 100.0% - ------------------------------------------------------------------------------ % OF WEIGHTED WEIGHTED CUT-OFF DATE WEIGHTED AVERAGE MIN / MAX AVERAGE GROUP 2 AVERAGE MIN / MAX CUT-OFF DATE CUT-OFF DATE MORTGAGE PROPERTY TYPE BALANCE DSCR(2) DSCR(2) LTV RATIO(3) LTV RATIO(3) RATE - ----------------------------------------------------------------------------------------------------- Retail 0.0% 1.89x 1.04x / 2.44x 60.0% 41.3% / 80.5% 5.544% - ----------------------------------------------------------------------------------------------------- Retail -- Anchored 0.0 2.05x 1.21x / 2.44x 56.5% 41.3% / 80.0% 5.469% - ----------------------------------------------------------------------------------------------------- Retail -- Single Tenant 0.0 1.16x 1.04x / 2.01x 77.9% 55.6% / 80.0% 5.747% - ----------------------------------------------------------------------------------------------------- Retail - Unanchored 0.0 1.37x 1.15x / 2.39x 71.2% 52.1% / 80.5% 5.961% - ----------------------------------------------------------------------------------------------------- Retail -- Shadow Anchored(4) 0.0 1.26x 1.19x / 1.50x 69.2% 63.6% / 79.3% 5.909% - ----------------------------------------------------------------------------------------------------- Multifamily 89.3 1.33x 1.17x / 1.94x 71.7% 55.7% / 80.0% 5.838% - ----------------------------------------------------------------------------------------------------- Office 0.0 1.36x 1.20x / 1.75x 74.5% 40.5% / 80.0% 5.813% - ----------------------------------------------------------------------------------------------------- Industrial 0.0 1.45x 1.22x / 2.17x 77.5% 55.8% / 80.0% 5.885% - ----------------------------------------------------------------------------------------------------- Hospitality 0.0 1.40x 1.30x / 1.76x 70.9% 47.9% / 74.5% 6.080% - ----------------------------------------------------------------------------------------------------- Mobile Home Park 10.7 1.34x 1.33x / 1.36x 80.0% 80.0% / 80.0% 5.790% - ----------------------------------------------------------------------------------------------------- Mixed Use 0.0 1.42x 1.23x / 1.71x 66.9% 59.9% / 77.9% 5.758% - ----------------------------------------------------------------------------------------------------- Self Storage 0.0 1.34x 1.29x / 1.35x 75.8% 75.7% / 75.8% 5.921% - ----------------------------------------------------------------------------------------------------- 100.0% 1.57X 1.04X / 2.44X 68.5% 40.5% / 80.5% 5.729% - ----------------------------------------------------------------------------------------------------- (1) Because this table presents information relating to the Mortgaged Properties and not the Mortgage Loans, the information for Mortgage Loans secured by more than one Mortgaged Property is based on allocated amounts (allocating the Mortgage Loan principal balance to each of those properties by the appraised values of the Mortgaged Properties or the allocated loan amount (or specific release prices) as described in the related Mortgage Loan documents). (2) For purposes of determining the DSCRs for 7 Mortgage Loans (loan numbers 19, 32, 51, 89, 100, 121 and 125), representing 2.8% of the Cut-Off Date Pool Balance (5 Mortgage Loans in Loan Group 1 or 3.1% of the Cut-Off Date Group 1 Balance and 2 Mortgage Loans in Loan Group 2 or 1.5% of the Cut-Off Date Group 2 Balance), such ratios were adjusted by taking into account amounts available under certain letters of credit and/or cash reserves. See "DESCRIPTION OF THE MORTGAGE POOL--Additional Mortgage Loan Information" and "RISK FACTORS--Risks Relating to Net Cash Flow" in the Prospectus Supplement. (3) For purposes of determining the LTV Ratios for 14 Mortgaged Properties (loan numbers 1.02, 3, 8, 11, 16, 19, 32, 33, 98, 111, 123, 124, 129 and 137), representing 15.9% of the Cut-Off Date Pool Balance by allocated loan amount (12 Mortgaged Properties in Loan Group 1 or 19.2% of the allocated Cut-Off Date Group 1 Balance and 2 Mortgaged Properties in Loan Group 2 or 3.6% of the Cut-Off Date Group 2 Balance), such ratios were calculated using "as-stabilized" appraised values as opposed to "as-is" values. See "DESCRIPTION OF THE MORTGAGE POOL--Additional Mortgage Loan Information" and "RISK FACTORS--Inspection and Appraisals May Not Accurately Reflect Value or Condition of Mortgaged Property" in the Prospectus Supplement. (4) A Mortgaged Property is classified as shadow anchored if it is located in close proximity to an anchored retail property. The sum of aggregate percentage calculations may not equal 100% due to rounding. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 12 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE - -------------------------------------------------------------------------------- [MAP OMITTED] PROPERTY LOCATION % OF % OF WEIGHTED WEIGHTED NUMBER OF AGGREGATE % OF CUT-OFF DATE CUT-OFF DATE WEIGHTED AVERAGE AVERAGE MORTGAGED CUT-OFF DATE CUT-OFF DATE GROUP 1 GROUP 2 AVERAGE CUT-OFF DATE MORTGAGE STATE PROPERTIES BALANCE(1) POOL BALANCE BALANCE BALANCE DSCR(2) LTV RATIO(3) RATE - -------------------------------------------------------------------------------------------------------------------------------- CA 17 $ 681,640,511 20.2% 18.6% 26.3% 1.54x 63.2% 5.682% - -------------------------------------------------------------------------------------------------------------------------------- Southern(4) 14 613,097,511 18.2 16.1 26.3 1.50x 63.4% 5.686% - -------------------------------------------------------------------------------------------------------------------------------- Northern(4) 3 68,543,000 2.0 2.6 0.0 1.84x 60.8% 5.650% - -------------------------------------------------------------------------------------------------------------------------------- TX 15 271,170,183 8.0 8.1 7.9 1.44x 74.9% 5.812% - -------------------------------------------------------------------------------------------------------------------------------- IL 10 262,245,000 7.8 9.7 0.4 2.06x 56.5% 5.489% - -------------------------------------------------------------------------------------------------------------------------------- GA 27 227,487,000 6.7 8.3 0.9 1.37x 78.5% 5.916% - -------------------------------------------------------------------------------------------------------------------------------- IN 11 223,280,000 6.6 6.5 7.2 1.35x 78.2% 5.866% - -------------------------------------------------------------------------------------------------------------------------------- NY 12 220,292,779 6.5 8.2 0.0 1.67x 66.8% 5.613% - -------------------------------------------------------------------------------------------------------------------------------- FL 13 194,562,252 5.8 7.3 0.0 1.43x 73.5% 5.788% - -------------------------------------------------------------------------------------------------------------------------------- AZ 10 176,915,000 5.2 2.9 14.3 1.37x 71.3% 6.001% - -------------------------------------------------------------------------------------------------------------------------------- Other 94 1,113,681,455 33.0 30.4 43.1 1.63x 68.2% 5.698% - -------------------------------------------------------------------------------------------------------------------------------- 209 $3,371,274,181 100.0% 100.0% 100.0% 1.57X 68.5% 5.729% - -------------------------------------------------------------------------------------------------------------------------------- o THE MORTGAGED PROPERTIES ARE LOCATED IN 38 STATES AND THE DISTRICT OF COLUMBIA. (1) Because this table presents information relating to the Mortgaged Properties and not the Mortgage Loans, the information for Mortgage Loans secured by more than one Mortgaged Property is based on allocated amounts (allocating the Mortgage Loan principal balance to each of those properties by the appraised values of the Mortgaged Properties or the allocated loan amount (or specific release prices) as described in the related Mortgage Loan documents). (2) For purposes of determining the DSCRs for 7 Mortgage Loans (loan numbers 19, 32, 51, 89, 100, 121 and 125), representing 2.8% of the Cut-Off Date Pool Balance (5 Mortgage Loans in Loan Group 1 or 3.1% of the Cut-Off Date Group 1 Balance and 2 Mortgage Loans in Loan Group 2 or 1.5% of the Cut-Off Date Group 2 Balance), such ratios were adjusted by taking into account amounts available under certain letters of credit and/or cash reserves. See "DESCRIPTION OF THE MORTGAGE POOL--Additional Mortgage Loan Information" and "RISK FACTORS--Risks Relating to Net Cash Flow" in the Prospectus Supplement. (3) For purposes of determining the LTV Ratios for 14 Mortgaged Properties (loan numbers 1.02, 3, 8, 11, 16, 19, 32, 33, 98, 111, 123, 124, 129 and 137), representing, by allocated loan amount, 15.9% of the Cut-Off Date Pool Balance (12 Mortgaged Properties in Loan Group 1 or 19.2% of the Cut-Off Date Group 1 Balance and 2 Mortgaged Properties in Loan Group 2 or 3.6% of the Cut-Off Date Group 2 Balance), such ratios were calculated using "as-stabilized" appraised values as opposed to "as-is" values. See "DESCRIPTION OF THE MORTGAGE POOL--Additional Mortgage Loan Information" and "RISK FACTORS--Inspection and Appraisals May Not Accurately Reflect Value or Condition of Mortgaged Property" in the Prospectus Supplement. (4) For purposes of determining whether a Mortgaged Property is in Northern California or Southern California, Mortgaged Properties north of San Luis Obispo County, Kern County and San Bernardino County were included in Northern California and Mortgaged Properties south of or included in such counties were included in Southern California. The sum of aggregate percentage calculations may not equal 100% due to rounding. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 13 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE - -------------------------------------------------------------------------------- CUT-OFF DATE BALANCE - ------------------------------------------------------------------------------------------------- % OF NUMBER OF AGGREGATE INITIAL % OF % OF RANGE OF MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 CUT-OFF DATE BALANCES ($) LOANS BALANCE BALANCE BALANCE BALANCE - ------------------------------------------------------------------------------------------------- 840,000 - 2,000,000 ........... 5 $ 7,528,000 0.2% 0.3% 0.0% 2,000,001 - 3,000,000 ......... 9 22,804,511 0.7 0.7 0.8 3,000,001 - 4,000,000 ......... 8 27,959,170 0.8 0.8 1.0 4,000,001 - 5,000,000 ......... 8 37,490,000 1.1 0.9 2.1 5,000,001 - 6,000,000 ......... 3 16,711,000 0.5 0.6 0.0 6,000,001 - 7,000,000 ......... 11 71,850,000 2.1 1.9 2.8 7,000,001 - 8,000,000 ......... 7 52,490,600 1.6 1.4 2.1 8,000,001 - 9,000,000 ......... 7 59,847,796 1.8 1.6 2.5 9,000,001 - 10,000,000 ........ 4 38,500,000 1.1 1.1 1.4 10,000,001 - 15,000,000 ....... 25 310,782,000 9.2 7.8 14.7 15,000,001 - 20,000,000 ....... 21 359,728,000 10.7 9.7 14.4 20,000,001 - 25,000,000 ....... 8 180,975,000 5.4 2.5 16.4 25,000,001 - 30,000,000 ....... 4 107,100,000 3.2 4.0 0.0 30,000,001 - 35,000,000 ....... 5 162,515,000 4.8 3.7 9.1 35,000,001 - 40,000,000 ....... 1 37,000,000 1.1 1.4 0.0 45,000,001 - 50,000,000 ....... 2 99,000,000 2.9 1.8 7.2 50,000,001 - 55,000,000 ....... 1 52,000,000 1.5 1.9 0.0 55,000,001 - 60,000,000 ....... 4 231,950,000 6.9 4.4 16.3 65,000,001 - 70,000,000 ....... 1 65,050,000 1.9 0.0 9.3 80,000,001 - 318,976,000 ...... 8 1,429,993,103 42.4 53.5 0.0 - ------------------------------------------------------------------------------------------------- 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- MIN: $840,000 MAX: $318,976,000 AVERAGE: $23,741,367 - ------------------------------------------------------------------------------------------------- UNDERWRITTEN DEBT SERVICE COVERAGE RATIO(1) - ------------------------------------------------------------------------------------------------- % OF NUMBER OF AGGREGATE INITIAL % OF % OF RANGE OF MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 UNDERWRITTEN DSCRS (X) LOANS BALANCE BALANCE BALANCE BALANCE - ------------------------------------------------------------------------------------------------- 1.00 - 1.04 ................... 1 $ 100,000,000 3.0% 3.7% 0.0% 1.15 - 1.19 ................... 3 37,080,600 1.1 1.1 1.0 1.20 - 1.24 ................... 31 482,957,448 14.3 9.1 34.5 1.25 - 1.29 ................... 19 232,035,000 6.9 4.1 17.4 1.30 - 1.34 ................... 20 494,977,796 14.7 13.5 19.4 1.35 - 1.39 ................... 17 635,981,000 18.9 21.1 10.3 1.40 - 1.44 ................... 12 140,552,511 4.2 4.0 4.8 1.45 - 1.49 ................... 6 84,346,722 2.5 2.6 2.1 1.50 - 1.54 ................... 5 38,450,000 1.1 1.4 0.0 1.55 - 1.59 ................... 5 103,350,000 3.1 1.7 8.2 1.60 - 1.64 ................... 3 25,043,000 0.7 0.9 0.0 1.65 - 1.69 ................... 3 46,450,000 1.4 1.7 0.0 1.70 - 1.74 ................... 3 44,425,000 1.3 1.7 0.0 1.75 - 1.79 ................... 2 16,837,000 0.5 0.6 0.0 1.85 - 1.89 ................... 1 12,000,000 0.4 0.4 0.0 1.90 - 1.94 ................... 3 28,241,000 0.8 0.5 2.3 1.95 - 1.99 ................... 2 207,690,000 6.2 7.8 0.0 2.00 - 2.04 ................... 1 840,000 0.0 0.0 0.0 2.15 - 2.19 ................... 2 185,000,000 5.5 6.9 0.0 2.30 - 3.79 ................... 3 455,017,103 13.5 17.0 0.0 - ------------------------------------------------------------------------------------------------- 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- MIN: 1.04X MAX: 2.44X WTD. AVERAGE: 1.57X - ------------------------------------------------------------------------------------------------- MORTGAGE RATE - ------------------------------------------------------------------------------------------------- % OF NUMBER OF AGGREGATE INITIAL % OF % OF RANGE OF MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 MORTGAGE RATES(%) LOANS BALANCE BALANCE BALANCE BALANCE - ------------------------------------------------------------------------------------------------- 5.260 - 5.499 ................. 13 $ 975,817,103 28.9% 30.7% 22.1% 5.500 - 5.749 ................. 40 610,722,980 18.1 17.6 20.3 5.750 - 5.999 ................. 59 1,235,662,987 36.7 37.1 34.8 6.000 - 6.249 ................. 24 469,445,111 13.9 13.6 15.1 6.250 - 6.499 ................. 5 64,126,000 1.9 1.0 5.5 6.500 - 6.505 ................. 1 15,500,000 0.5 0.0 2.2 - ------------------------------------------------------------------------------------------------- 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- MIN: 5.260% MAX: 6.505% WTD. AVERAGE: 5.729% - ------------------------------------------------------------------------------------------------- CUT-OFF DATE LOAN-TO-VALUE RATIO(2) - ------------------------------------------------------------------------------------------------- % OF NUMBER OF AGGREGATE INITIAL % OF % OF RANGE OF MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 CUT-OFF DATE LTV RATIOS (%) LOANS BALANCE BALANCE BALANCE BALANCE - ------------------------------------------------------------------------------------------------- 40.51 - 50.00 ................. 5 $ 283,500,000 8.4% 10.6% 0.0% 50.01 - 55.00 ................. 2 395,017,103 11.7 14.8 0.0 55.01 - 60.00 ................. 10 259,090,000 7.7 9.0 2.7 60.01 - 65.00 ................. 16 197,338,980 5.9 4.6 10.6 65.01 - 70.00 ................. 20 273,817,000 8.1 5.9 16.4 70.01 - 75.00 ................. 32 624,672,000 18.5 14.4 34.3 75.01 - 80.00 ................. 56 1,330,839,098 39.5 40.4 35.9 80.01 - 80.46 ................. 1 7,000,000 0.2 0.3 0.0 - ------------------------------------------------------------------------------------------------- 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- MIN: 40.5% MAX: 80.5% WTD. AVERAGE: 68.5% - ------------------------------------------------------------------------------------------------- MATURITY DATE OR ARD LOAN-TO-VALUE RATIO(2) - ------------------------------------------------------------------------------------------------- % OF RANGE OF NUMBER OF AGGREGATE INITIAL % OF % OF MATURITY DATE OR ARD MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 LTV RATIOS (%) LOANS BALANCE BALANCE BALANCE BALANCE - ------------------------------------------------------------------------------------------------- 0.00 - 5.00 ................... 2 $ 13,700,000 0.4% 0.3% 1.0% 30.01 - 40.00 ................. 3 18,050,000 0.5 0.7 0.0 40.01 - 50.00 ................. 4 278,700,000 8.3 10.0 1.7 50.01 - 55.00 ................. 9 424,711,083 12.6 15.8 0.5 55.01 - 60.00 ................. 8 280,640,000 8.3 10.5 0.0 60.01 - 65.00 ................. 20 221,565,796 6.6 5.7 10.0 65.01 - 70.00 ................. 35 496,248,701 14.7 10.6 30.5 70.01 - 75.00 ................. 32 751,782,600 22.3 21.5 25.3 75.01 - 80.00 ................. 29 885,876,000 26.3 25.1 30.9 - ------------------------------------------------------------------------------------------------- 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- MIN: 0.0% MAX: 80.0% WTD. AVERAGE: 66.6% - ------------------------------------------------------------------------------------------------- (1) For purposes of determining the DSCRs for 7 Mortgage Loans (loan numbers 19, 32, 51, 89, 100, 121 and 125), representing 2.8% of the Cut-Off Date Pool Balance (5 Mortgage Loans in Loan Group 1 or 3.1% of the Cut-Off Date Group 1 Balance and 2 Mortgage Loans in Loan Group 2 or 1.5% of the Cut-Off Date Group 2 Balance), such ratios were adjusted by taking into account amounts available under certain letters of credit and/or cash reserves. See "DESCRIPTION OF THE MORTGAGE POOL--Additional Mortgage Loan Information" and "RISK FACTORS--Risks Relating to Net Cash Flow" in the Prospectus Supplement. (2) For purposes of determining the LTV Ratios for 14 Mortgaged Properties (loan numbers 1.02, 3, 8, 11, 16, 19, 32, 33, 98, 111, 123, 124, 129 and 137), representing, by allocated loan amount, 15.9% of the Cut-Off Date Pool Balance (12 Mortgaged Properties in Loan Group 1 or 19.2% of the Cut-Off Date Group 1 Balance and 2 Mortgaged Properties in Loan Group 2 or 3.6% of the Cut-Off Date Group 2 Balance), such ratios were calculated using "as-stabilized" appraised values as opposed to "as-is" values. See "DESCRIPTION OF THE MORTGAGE POOL--Additional Mortgage Loan Information" and "RISK FACTORS--Inspection and Appraisals May Not Accurately Reflect Value or Condition of Mortgaged Property" in the Prospectus Supplement. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 14 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT-OFF DATE - -------------------------------------------------------------------------------- ORIGINAL TERM TO MATURITY - ------------------------------------------------------------------------------------------------- % OF RANGE OF NUMBER OF AGGREGATE INITIAL % OF % OF ORIGINAL TERM TO MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 MATURITY (MONTHS) LOANS BALANCE BALANCE BALANCE BALANCE - ------------------------------------------------------------------------------------------------- 0 -- 60 ....................... 12 $ 430,795,000 12.8% 10.8% 20.2% 61 -- 84 ...................... 1 161,039,673 4.8 6.0 0.0 109 -- 120 .................... 128 2,772,439,508 82.2 83.1 78.8 229 -- 240 .................... 1 7,000,000 0.2 0.0 1.0 - ------------------------------------------------------------------------------------------------- 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- MIN: 60 MAX: 240 WTD. AVERAGE: 111 - ------------------------------------------------------------------------------------------------- ORIGINAL AMORTIZATION TERM - ------------------------------------------------------------------------------------------------- % OF RANGE OF NUMBER OF AGGREGATE INITIAL % OF % OF ORIGINAL AMORTIZATION MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 TERMS (MONTHS) LOANS BALANCE BALANCE BALANCE BALANCE - ------------------------------------------------------------------------------------------------- 0 -- 120 ...................... 1 $ 6,700,000 0.2% 0.3% 0.0% 229 -- 264 .................... 2 13,250,000 0.4 0.2 1.0 265 -- 300 .................... 4 33,100,000 1.0 1.2 0.0 349 -- 360 .................... 59 809,625,078 24.0 24.0 23.9 361 -- 420 .................... 2 42,700,000 1.3 1.6 0.0 Non-Amortizing ................ 74 2,465,899,103 73.1 72.6 75.1 - ------------------------------------------------------------------------------------------------- 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- MIN: 120* MAX: 420 WTD. AVERAGE: 357* - ------------------------------------------------------------------------------------------------- * Excludes the non-amortizing loans. ORIGINAL INTEREST-ONLY TERM - ------------------------------------------------------------------------------------------------- % OF NUMBER OF AGGREGATE INITIAL % OF % OF MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 TYPE OF IO PERIOD LOANS BALANCE BALANCE BALANCE BALANCE - ------------------------------------------------------------------------------------------------- Non-Amortizing ................ 74 $ 2,465,899,103 73.1% 72.6% 75.1% Partial Interest Only - Amortizing .................. 49 789,343,600 23.4 23.9 21.7 1 -- 12 .................... 1 8,400,000 0.2 0.3 0.0 13 -- 24 ................... 7 96,880,600 2.9 3.4 0.9 25 -- 36 ................... 13 173,035,000 5.1 6.5 0.0 37 -- 48 ................... 4 48,525,000 1.4 1.1 2.7 49 -- 60 ................... 22 425,728,000 12.6 12.1 14.5 61 -- 72 ................... 1 12,300,000 0.4 0.5 0.0 73 -- 84 ................... 1 24,475,000 0.7 0.0 3.5 Amortizing - No Partial Interest Only Period .......... 19 116,031,478 3.4 3.5 3.2 - ------------------------------------------------------------------------------------------------- 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- MIN: 12 MAX: 84* WTD. AVERAGE: 50* - ------------------------------------------------------------------------------------------------- * Excludes non-amortizing loans and amortizing loans that do not benefit from a partial Interest-Only period. SEASONING - ------------------------------------------------------------------------------------------------- % OF NUMBER OF AGGREGATE INITIAL % OF % OF MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 SEASONING (MONTHS) LOANS BALANCE BALANCE BALANCE BALANCE - ------------------------------------------------------------------------------------------------- 0 -- 12 ....................... 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- MIN: 0 MAX: 6 WTD. AVERAGE: 1 - ------------------------------------------------------------------------------------------------- The sum of aggregate percentage calculations may not equal 100% due to rounding. REMAINING TERM TO MATURITY - ------------------------------------------------------------------------------------------------- % OF RANGE OF NUMBER OF AGGREGATE INITIAL % OF % OF REMAINING TERMS TO MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 MATURITY OR ARD (MONTHS) LOANS BALANCE BALANCE BALANCE BALANCE - ------------------------------------------------------------------------------------------------- 57 -- 60 ...................... 12 $ 430,795,000 12.8% 10.8% 20.2% 61 -- 84 ...................... 1 161,039,673 4.8 6.0 0.0 109 -- 120 .................... 128 2,772,439,508 82.2 83.1 78.8 229 -- 240 .................... 1 7,000,000 0.2 0.0 1.0 - ------------------------------------------------------------------------------------------------- 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- MIN: 57 MAX: 240 WTD. AVERAGE: 110 - ------------------------------------------------------------------------------------------------- REMAINING STATED AMORTIZATION TERM - ------------------------------------------------------------------------------------------------- % OF RANGE OF REMAINING NUMBER OF AGGREGATE INITIAL % OF % OF STATED AMORTIZATION MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 TERMS (MONTHS) LOANS BALANCE BALANCE BALANCE BALANCE - ------------------------------------------------------------------------------------------------- 0 -- 120 ...................... 1 $ 6,700,000 0.2% 0.3% 0.0% 229 -- 264 .................... 2 13,250,000 0.4 0.2 1.0 265 -- 300 .................... 4 33,100,000 1.0 1.2 0.0 349 -- 360 .................... 59 809,625,078 24.0 24.0 23.9 361 -- 420 .................... 2 42,700,000 1.3 1.6 0.0 Non-Amortizing ................ 74 2,465,899,103 73.1 72.6 75.1 - ------------------------------------------------------------------------------------------------- 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- MIN: 120* MAX: 420 WTD. AVERAGE: 357* - ------------------------------------------------------------------------------------------------- * Excludes the non-amortizing loans. PREPAYMENT PROVISION SUMMARY - ------------------------------------------------------------------------------------------------- % OF NUMBER OF AGGREGATE INITIAL % OF % OF MORTGAGE CUT-OFF DATE POOL GROUP 1 GROUP 2 PREPAYMENT PROVISION LOANS BALANCE BALANCE BALANCE BALANCE - ------------------------------------------------------------------------------------------------- Lockout/Defeasance/Open ....... 105 $ 1,943,188,181 57.6% 59.9% 49.0% Yield Maintenance/Open ........ 13 633,601,000 18.8 20.0 14.1 Lockout/Yield Maintenance/Open ............ 17 272,085,000 8.1 5.1 19.4 Lockout/Defeasance/Open or Yield Maintenance/Open ...... 4 250,200,000 7.4 9.4 0.0 Lockout/Defeasance or Yield Maintenance/Open ............ 1 150,000,000 4.4 5.6 0.0 Lockout/Yield Maintenance/Open or Lockout/Defeasance/Open ..... 2 122,200,000 3.6 0.0 17.5 - ------------------------------------------------------------------------------------------------- 142 $ 3,371,274,181 100.0% 100.0% 100.0% - ------------------------------------------------------------------------------------------------- SHADOW RATED LOANS* - ---------------------------------------------------------------------------------------------- % OF % OF % OF LOAN INITIAL POOL GROUP 1 GROUP 2 NAME LOAN AMOUNT BALANCE BALANCE BALANCE S&P MOODY'S - ---------------------------------------------------------------------------------------------- Centro Syndicate 2 Pool $233,977,430 6.9% 8.8% 0.0% AA Baa2 Galleria at Tyler 205,000,000 6.1 7.7 0.0 BBB-- Baa3 Centro International Wholesale Pool 161,039,673 4.8 6.0 0.0 AA-- Baa2 Westfield Fox Valley 150,000,000 4.4 5.6 0.0 BBB-- Baa3 Deer Park Town Center 60,000,000 1.8 2.2 0.0 AAA A3 - ---------------------------------------------------------------------------------------------- $810,017,103 24.0% 30.3% 0.0% - ---------------------------------------------------------------------------------------------- * S&P and Moody's have confirmed that the Mortgage Loans detailed in this table have, in the context of their inclusion in the mortgage pool, credit characteristics consistent with an investment grade obligation. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 15 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- MORTGAGE POOL CHARACTERISTICS AS OF THE CUT--OFF DATE - -------------------------------------------------------------------------------- TWENTY LARGEST MORTGAGE LOANS - -------------------------------------------------------------------------------- The following table and summaries describe the twenty largest Mortgage Loans or pools of Mortgage Loans in the Mortgage Pool by Cut-Off Date Balance: TWENTY LARGEST MORTGAGE LOANS BY CUT-OFF DATE BALANCE NUMBER OF MORTGAGE % OF % OF MORTGAGE LOANS / INITIAL INITIAL LOAN MORTGAGED LOAN CUT-OFF DATE POOL GROUP LOAN NAME SELLER PROPERTIES GROUP BALANCE BALANCE BALANCE - --------------------------------- -------- ------------ ----- -------------- ------- ------- Duke Realty Industrial Pool ..... Wachovia 1 / 27 1 $ 318,976,000 9.5% 11.9% Centro Syndicate 2 Pool(3) ...... Wachovia 1 / 16 1 233,977,430 6.9 8.8% Galleria at Tyler ............... Wachovia 1 / 1 1 205,000,000 6.1 7.7% Centro International Wholesale Pool(3) ............. Wachovia 1 / 13 1 161,039,673 4.8 6.0% Westfield Fox Valley ............ Wachovia 1 / 1 1 150,000,000 4.4 5.6% Newport Bluffs(1) ............... Wachovia 1 / 1 1 132,000,000 3.9 4.9% Renaissance Tower Office Building ...................... Wachovia 1 / 1 1 129,000,000 3.8 4.8% 21-25 West 34th Street .......... Wachovia 1 / 1 1 100,000,000 3.0 3.7% La Jolla International Apartments .................... Artesia 1 / 1 2 65,050,000 1.9 9.3% Deer Park Town Center ........... Wachovia 1 / 1 1 60,000,000 1.8 2.2% ------------ -------------- ---- 10 / 63 $1,555,043,103 46.1% ============ ============== ==== Dakota Square Mall .............. Wachovia 1 / 1 1 $ 58,000,000 1.7% 2.2% La Scala Apartments ............. Artesia 1 / 1 2 57,150,000 1.7 8.2% Pennwood Crossing MHP ........... Wachovia 1 / 1 2 56,800,000 1.7 8.1% Alhambra Towers ................. Wachovia 1 / 1 1 52,000,000 1.5 1.9% AMLI at Riverbend ............... Wachovia 1 / 1 2 50,000,000 1.5 7.2% Hilton - Providence, RI ......... Wachovia 1 / 1 1 49,000,000 1.5 1.8% Las Colinas Portfolio ........... Wachovia 2 / 2 1 42,525,000 1.3 1.6% Arcadia Gateway Center Portfolio ..................... Wachovia 3 / 3 1 38,000,000 1.1 1.4% New Market Pool ................. Wachovia 1 / 6 1 37,000,000 1.1 1.4% Crossroads Technology Park .......................... Wachovia 1 / 1 1 35,000,000 1.0 1.3% ------------ -------------- ---- 13 / 18 $ 475,475,000 14.1% ============ ============== ==== -------------- ---- 23 / 81 $2,030,518,103 60.2% ============ ============== ==== CUT-OFF DATE WEIGHTED BALANCE WEIGHTED AVERAGE PER SF/UNIT/ AVERAGE CUT-OFF DATE LOAN NAME PROPERTY TYPE PAD/ROOM(1) DSCR(1) LTV RATIO(1)(2) - --------------------------------- ------------------------------------ ------------ -------- --------------- Duke Realty Industrial Pool ..... Industrial -- Distribution/Warehouse $ 38 1.39x 80.0% Centro Syndicate 2 Pool(3) ...... Retail -- Various $ 71 2.39x 52.1% Galleria at Tyler ............... Retail -- Anchored $ 363 1.97x 44.9% Centro International Wholesale Pool(3) ............. Retail -- Anchored $ 91 2.31x 53.4% Westfield Fox Valley ............ Retail -- Anchored $ 272 2.15x 57.9% Newport Bluffs(1) ............... Multifamily -- Conventional $250,951 1.35x 71.0% Renaissance Tower Office Building ...................... Office -- CBD $ 75 1.34x 79.9% 21-25 West 34th Street .......... Retail -- Single Tenant $ 3,584 1.04x 80.0% La Jolla International Apartments .................... Multifamily -- Conventional $162,625 1.22x 70.7% Deer Park Town Center ........... Retail -- Anchored $ 176 2.44x 46.5% 1.79X 63.8% Dakota Square Mall .............. Retail -- Anchored $ 84 1.30x 80.0% La Scala Apartments ............. Multifamily -- Conventional $161,441 1.23x 70.1% Pennwood Crossing MHP ........... Mobile Home Park $ 52,641 1.33x 80.0% Alhambra Towers ................. Office -- Suburban $ 298 1.21x 80.0% AMLI at Riverbend ............... Multifamily -- Conventional $ 50,201 1.20x 71.9% Hilton - Providence, RI ......... Hospitality -- Full Service $178,832 1.33x 73.1% Las Colinas Portfolio ........... Office -- Suburban $ 110 1.62x 69.1% Arcadia Gateway Center Portfolio ..................... Various $ 242 1.21x 77.1% New Market Pool ................. Office -- Suburban $ 79 1.25x 78.4% Crossroads Technology Park .......................... Industrial -- Light Industrial $ 109 2.17x 59.9% 1.36X 74.5% 1.69X 66.3% WEIGHTED AVERAGE WEIGHTED LTV RATIO AVERAGE AT MATURITY MORTGAGE LOAN NAME OR ARD(1)(2) RATE - --------------------------------- ------------ -------- Duke Realty Industrial Pool ..... 80.0% 5.914% Centro Syndicate 2 Pool(3) ...... 52.1% 5.440% Galleria at Tyler ............... 44.9% 5.305% Centro International Wholesale Pool(3) ............. 53.4% 5.420% Westfield Fox Valley ............ 57.9% 5.370% Newport Bluffs(1) ............... 71.0% 6.104% Renaissance Tower Office Building ...................... 74.6% 5.850% 21-25 West 34th Street .......... 80.0% 5.760% La Jolla International Apartments .................... 70.7% 5.490% Deer Park Town Center ........... 46.5% 5.590% 63.4% 5.629% Dakota Square Mall .............. 70.7% 5.889% La Scala Apartments ............. 70.1% 5.490% Pennwood Crossing MHP ........... 80.0% 5.790% Alhambra Towers ................. 80.0% 5.880% AMLI at Riverbend ............... 67.0% 5.700% Hilton - Providence, RI ......... 66.3% 6.200% Las Colinas Portfolio ........... 69.1% 5.700% Arcadia Gateway Center Portfolio ..................... 77.1% 6.070% New Market Pool ................. 73.4% 6.120% Crossroads Technology Park .......................... 59.9% 5.660% 71.7% 5.839% 65.3% 5.679% ___________________ (1) The Newport Bluffs Loan is part of a split loan structure that includes one pari passu companion loan that is not included in the Trust Fund. With respect to this Mortgage Loan, unless otherwise specified, the calculations of LTV Ratios, DSCRs and Cut-Off Date Balance per unit are based on the aggregate indebtedness of or debt service on, as applicable, the Mortgage Loan and the related pari passu companion loan, but not any related subordinate companion loan or future pari passu companion loan. (2) The appraised values for the 2425 East Hadley Road Mortgaged Property (securing a portion of the Duke Realty Industrial Pool Loan) and the Mortgaged Properties securing the Galleria at Tyler Loan, the 21-25 West 34th Street Loan, the Dakota Square Mall Loan and the Hilton -- Providence, RI Loan are based upon "as-stabilized" appraised values (as opposed to "as is " values). See "DESCRIPTION OF THE MORTGAGE POOL--Additional Mortgage Loan Information" and "RISK FACTORS--Inspection and Appraisals May Not Accurately Reflect Value or Condition of Mortgaged Property" in the Prospectus Supplement. (3) With respect to each of these Mortgage Loans, unless otherwise specified, the calculations of the LTV Ratio, DSCR and Cut-Off Date Balance per square foot are based on the indebtedness of, or debt service on, as applicable, the related Mortgage Loan, and assumes that no related future pari passu companion loan has been advanced. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 16 ANNEX D WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DUKE REALTY INDUSTRIAL POOL - -------------------------------------------------------------------------------- [PHOTO OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 17 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DUKE REALTY INDUSTRIAL POOL - -------------------------------------------------------------------------------- [MAP OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 18 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DUKE REALTY INDUSTRIAL POOL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $318,976,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 9.5% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance SPONSOR Duke Realty Corporation TYPE OF SECURITY(1) Both PARTIAL RELEASE(2) Yes MORTGAGE RATE 5.914% MATURITY DATE November 11, 2016 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 120 ORIGINAL TERM / AMORTIZATION 120 / IO REMAINING TERM / AMORTIZATION 119 / IO LOCKBOX None UP-FRONT RESERVES None ONGOING ANNUAL RESERVES TAX/INSURANCE(3) Springing REPLACEMENT(4) None ADDITIONAL FINANCING None CUT-OFF DATE BALANCE $318,976,000 CUT-OFF DATE BALANCE/SF $38 CUT-OFF DATE LTV 80.0% MATURITY DATE LTV 80.0% UW DSCR ON NCF 1.39x - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 27 LOCATION Various PROPERTY TYPE Industrial -- Various SIZE (SF) 8,324,477 OCCUPANCY AS OF NOVEMBER 1, 2006 95.5% YEAR BUILT / YEAR RENOVATED Various / NA APPRAISED VALUE $398,720,000 PROPERTY MANAGEMENT Duke Realty UW ECONOMIC OCCUPANCY 95.0% UW REVENUES $33,284,537 UW TOTAL EXPENSES $5,302,909 UW NET OPERATING INCOME (NOI) $27,981,628 UW NET CASH FLOW (NCF) $26,216,318 - -------------------------------------------------------------------------------- (1) The Mortgaged Properties are each secured by a fee interest with the exception of the 163 Portside Court Mortgaged Property that is secured by a leasehold mortgage. (2) The Duke Realty Industrial Pool Loan allows for partial release with yield maintenance premiums and other fees subject to certain tests as specified in the related Mortgage Loan documents. See "Release" below. (3) Ongoing monthly tax and insurance reserves will be required upon an event of default as specified in the related Mortgage Loan documents. (4) In lieu of requiring monthly replacement reserves, the borrower has provided an indemnity for up to $2,000,000 for costs associated with ongoing maintenance. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 19 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DUKE REALTY INDUSTRIAL POOL - -------------------------------------------------------------------------------- DUKE REALTY INDUSTRIAL POOL ALLOCATED CUT-OFF DATE YEAR TOTAL PROPERTY NAME LOCATION BALANCE BUILT SF - ------------------------- -------------- ------------ ----- --------- 400 South Enterprise Lebanon, IN $ 25,840,000 2002 842,000 Boulevard 2425 East Hadley Road Plainfield, IN 22,960,000 2006 650,760 250 Declaration Drive McDonough, GA 20,800,000 2001 759,300 2209-2233 Stafford Road Plainfield, IN 20,080,000 2002 600,576 500-520 South Enterprise Lebanon, IN 19,360,000 2004 689,009 Boulevard 163 Portside Court Savannah, GA 18,696,000 2004 200,000 3201 Centre Parkway East Point, GA 18,600,000 2003 607,650 1581 South Perry Road Plainfield, IN 17,760,000 2000 481,874 1551 South Perry Road Plainfield, IN 16,080,000 2000 450,000 185 North Mount Zion Road Lebanon, IN 15,120,000 2000 418,400 1390 South Perry Road Plainfield, IN 14,160,000 2004 426,326 322 South Enterprise Lebanon, IN 12,800,000 1999 395,679 Boulevard 4200 North Commerce Drive East Point, GA 10,400,000 2005 301,200 6655 Sugarloaf Parkway Duluth, GA 9,740,000 1998 250,000 420 East Enterprise Lebanon, IN 9,120,000 2003 250,000 Boulevard 3079 Premiere Parkway Duluth, GA 9,000,000 1998 101,600 175 Alcovy Industrial Dacula, GA 8,520,000 2004 108,400 Boulevard 2850 Premiere Parkway Duluth, GA 7,680,000 1997 86,000 3800 Centre Parkway - Atlanta, GA 6,240,000 1988 60,177 Building 1400 2855 Premiere Parkway Duluth, GA 6,100,000 1999 89,636 3900 North Commerce Drive Atlanta, GA 5,720,000 2005 129,842 2775 Premiere Parkway Duluth, GA 5,240,000 1997 79,110 198 Gulfstream Road Savannah, GA 4,280,000 1997 150,000 3800 Centre Parkway - Atlanta, GA 4,240,000 1990 44,306 Building 1800 3800 Centre Parkway - Atlanta, GA 3,520,000 1988 61,318 Building 2400 3800 Centre Parkway - Atlanta, GA 3,520,000 1990 57,168 Building 2600 3800 Centre Parkway - Atlanta, GA 3,400,000 1990 34,146 Building 2000 ------------ --------- TOTAL/AVERAGE $318,976,000 8,324,477 ============ ========= CUT-OFF DATE UNDERWRITTEN APPRAISED BALANCE NET CASH APPRAISED VALUE PER PROPERTY NAME PER SF OCCUPANCY* FLOW VALUE SF - ------------------------- ------- ---------- -------------- ------------ --------- 400 South Enterprise $ 31 100.0% $ 2,051,441 $ 32,300,000 $ 38 Boulevard 2425 East Hadley Road $ 35 61.5% 1,656,177 28,700,000 $ 44 250 Declaration Drive $ 27 90.0% 1,723,442 26,000,000 $ 34 2209-2233 Stafford Road $ 33 100.0% 1,538,416 25,100,000 $ 42 500-520 South Enterprise $ 28 96.4% 1,612,340 24,200,000 $ 35 Boulevard 163 Portside Court $ 93 100.0% 1,467,659 23,370,000 $117 3201 Centre Parkway $ 31 100.0% 1,291,432 23,250,000 $ 38 1581 South Perry Road $ 37 100.0% 1,903,020 22,200,000 $ 46 1551 South Perry Road $ 36 100.0% 1,362,884 20,100,000 $ 45 185 North Mount Zion Road $ 36 100.0% 1,269,124 18,900,000 $ 45 1390 South Perry Road $ 33 100.0% 878,269 17,700,000 $ 42 322 South Enterprise $ 32 100.0% 1,087,882 16,000,000 $ 40 Boulevard 4200 North Commerce Drive $ 35 100.0% 709,166 13,000,000 $ 43 6655 Sugarloaf Parkway $ 39 100.0% 834,616 12,175,000 $ 49 420 East Enterprise $ 36 100.0% 856,023 11,400,000 $ 46 Boulevard 3079 Premiere Parkway $ 89 100.0% 812,293 11,250,000 $111 175 Alcovy Industrial $ 79 100.0% 675,063 10,650,000 $ 98 Boulevard 2850 Premiere Parkway $ 89 100.0% 746,549 9,600,000 $112 3800 Centre Parkway - $104 100.0% 573,123 7,800,000 $130 Building 1400 2855 Premiere Parkway $ 68 100.0% 603,496 7,625,000 $ 85 3900 North Commerce Drive $ 44 100.0% 410,910 7,150,000 $ 55 2775 Premiere Parkway $ 66 80.6% 505,405 6,550,000 $ 83 198 Gulfstream Road $ 29 100.0% 361,359 5,350,000 $ 36 3800 Centre Parkway - $ 96 100.0% 406,216 5,300,000 $120 Building 1800 3800 Centre Parkway - $ 57 90.8% 299,182 4,400,000 $ 72 Building 2400 3800 Centre Parkway - $ 62 100.0% 331,368 4,400,000 $ 77 Building 2600 3800 Centre Parkway - $100 100.0% 249,463 4,250,000 $124 Building 2000 ----------- ------------ TOTAL/AVERAGE $ 38 95.5% $26,216,318 $398,720,000 $ 48 =========== ============ - ---------- * Occupancy date as of November 1, 2006 for all Mortgaged Properties. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 20 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DUKE REALTY INDUSTRIAL POOL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- TENANT SUMMARY - -------------------------------------------------------------------------------- % OF NET % OF RATINGS NET RENTABLE RENTABLE BASE ANNUAL BASE TOTAL ANNUAL LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA RENT PSF RENT BASE RENT EXPIRATION - ---------------------------------- ----------------- ------------ -------- -------- ----------- ------------ ---------------- MAJOR TENANTS Case LLC* ..................... NR/NR/NR 1,092,000 13.1% $ 3.06 $ 3,344,440 11.6% Multiple Spaces* The Clorox Sales Company ...... NR/NR/NR 607,650 7.3 $ 2.49 1,513,049 5.2 July 2014 NAL Worldwide ................. NR/NR/NR 450,000 5.4 $ 3.44 1,548,000 5.4 March 2010 Nice-Pak Products ............. NR/NR/NR 426,326 5.1 $ 2.42 1,031,709 3.6 August 2012 Pamida, Inc ................... NR/NR/NR 418,400 5.0 $ 3.41 1,428,139 4.9 June 2015 Ozburn-Hessey Logistics, LLC .. NR/NR/NR 400,225 4.8 $ 3.31 1,324,745 4.6 July 2011 Hachete Book Group, USA, Inc... NR/NR/NR 395,679 4.8 $ 3.08 1,218,691 4.2 April 2012 Rheem Sales Company, Inc. ..... NR/NR/NR 354,000 4.3 $ 2.55 902,700 3.1 May 2011 Genco I, Inc. ................. NR/NR/NR 329,700 4.0 $ 2.71 892,388 3.1 July 2011 Aurora Parts & Accessories .... NR/NR/NR 306,397 3.7 $ 2.56 784,376 2.7 February 2012 --------- ----- ----------- ----- TOTAL MAJOR TENANTS ........... 4,780,377 57.4% $ 2.93 $13,988,237 48.4% NON-MAJOR TENANTS ................ 3,171,980 38.1 $ 4.70 14,918,249 51.6 OCCUPIED TOTAL ................... 7,952,357 95.5% $ 3.63 $28,906,486 100.0% VACANT SPACE ..................... 372,120 4.5 =========== ===== --------- ----- PROPERTY TOTAL ................... 8,324,477 100.0% ========== ===== * Case LLC occupies approximately 842,000 square feet in the 400 South Enterprise Boulevard Mortgaged Property, which expire in May 2015 and approximately 250,000 square feet in the 420 East Enterprise Boulevard Mortgaged Property, which expire in October 2014. - -------------------------------------------------------------------------------- LEASE EXPIRATION SCHEDULE - -------------------------------------------------------------------------------- % OF CUMULATIVE % OF CUMULATIVE % OF # OF LEASES WA BASE RENT/SF TOTAL SF TOTAL SF % OF SF BASE RENT BASE RENT YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* EXPIRING* EXPIRING* - ---------------------------------- ----------- --------------- --------- --------- ---------- ---------- --------------- 2006 5 $3.89 88,074 1.1% 1.1% 1.2% 1.2% 2007 7 $4.72 565,654 6.8% 7.9% 9.2% 10.4% 2008 11 $5.83 367,499 4.4% 12.3% 7.4% 17.8% 2009 7 $7.87 148,693 1.8% 14.1% 4.1% 21.9% 2010 10 $3.64 817,426 9.8% 23.9% 10.3% 32.2% 2011 8 $3.57 1,386,284 16.7% 40.5% 17.1% 49.3% 2012 6 $2.85 1,334,814 16.0% 56.6% 13.1% 62.4% 2013 3 $2.53 687,621 8.3% 64.8% 6.0% 68.5% 2014 3 $3.85 1,057,650 12.7% 77.5% 14.1% 82.6% 2015 4 $3.36 1,498,642 18.0% 95.5% 17.4% 100.0% 2016 0 $0.00 0 0.0% 95.5% 0.0% 100.0% Thereafter 0 $0.00 0 0.0% 95.5% 0.0% 100.0% Vacant 0 NA 372,120 4.5% 100.0% 0.0% 100.0% - ------------------------------------------------------------------------------------------------------------------------------- * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 21 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DUKE REALTY INDUSTRIAL POOL - -------------------------------------------------------------------------------- o THE LOAN. The Mortgage Loan (the "Duke Realty Industrial Pool Loan") is secured by first mortgages or deeds of trust encumbering 27 industrial distribution centers located in Georgia and Indiana. The Duke Realty Industrial Pool Loan represents approximately 9.5% of the Cut-Off Date Pool Balance. The Duke Realty Industrial Pool Loan was originated on November 7, 2006 and has an aggregate principal balance as of the Cut-Off Date of $318,976,000. The Duke Realty Industrial Pool Loan provides for interest-only payments for the entire loan term. The Duke Realty Industrial Pool Loan has a remaining term of 119 months and matures on November 11, 2016. The Duke Realty Industrial Pool Loan may be prepaid at any time during its term with the payment of the greater of yield maintenance or 1% of the prepaid amount, and may be prepaid without the payment of a yield maintenance premium or penalty on or after May 11, 2016. o THE BORROWER. The borrower is Duke Secured Financing 2006, LLC, a special purpose entity. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the Duke Realty Industrial Pool Loan. The sponsor of the borrower is Duke Realty Corporation ("Duke Realty"). Founded in 1972, Duke Realty (NYSE: DRE) is a publicly-traded real estate investment trust headquartered in Indianapolis, Indiana that specializes in the ownership, construction, development, leasing and management of office, industrial, medical office and retail real estate throughout the United States. Duke Realty's current portfolio consists of approximately 112.9 million square feet of commercial space and approximately 6,500 acres of undeveloped land. As of November 27, 2006, Duke Realty was rated "BBB+" (S&P), "Baa1" (Moody's) and "BBB+" (Fitch). o THE PROPERTIES. The Mortgaged Properties consist of 27 industrial distribution and distribution/warehouse centers comprised of approximately 8.3 million square feet located in various cities throughout Georgia and Indiana. As of November 1, 2006, the occupancy rate for the Mortgaged Properties securing the Duke Realty Industrial Pool Loan was approximately 95.5%. o RELEASE. The release of an individual Mortgaged Property will be permitted subject to the satisfaction of certain tests and conditions as set forth in the related Mortgage Loan documents including (i) no event of default shall have occurred and be continuing, (ii) payment of 100% of the then outstanding allocated loan amount (plus the applicable yield maintenance premium thereon) related to such releases in the aggregate less than one half of the original principal balance of the Duke Realty Industrial Pool Loan or payment of 110% of the then outstanding allocated loan amount (plus the applicable yield maintenance premium thereon) related to such releases in the aggregate in excess of one half of the original principal balance of the Duke Realty Industrial Pool Loan, (iii) a 1.20x debt service coverage ratio for the remaining Mortgaged Properties immediately following such release and (iv) an 80.0% loan-to-value ratio for the remaining Mortgaged Properties immediately following such release after the tenth release of any individual Mortgaged Property. o SUBSTITUTION. The borrower may substitute Mortgaged Properties of like kind and quality subject to satisfaction of certain tests and conditions as set forth in the related Mortgage Loan documents including (i) no event of default shall have occurred and be continuing, (ii) the debt service coverage ratio for the substituted Mortgaged Property shall not be less than the greater of 1.20x or the debt service coverage ratio for the substituted property as of the time of the substitution and (iii) the loan-to-value ratio for the substituted Mortgaged Property shall be no greater than the lesser of 80% or the loan-to-value ratio of the substituted Mortgaged Property based on the allocated loan amount immediately prior to substitution. o LOCKBOX ACCOUNT. The related Mortgage Loan documents do not require a lockbox account. o MANAGEMENT. Duke Realty, an affiliate of the sponsor, is the property manager for the Mortgaged Properties securing the Duke Realty Industrial Pool Loan. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 22 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CENTRO SYNDICATE 2 POOL - -------------------------------------------------------------------------------- [PHOTO OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 23 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CENTRO SYNDICATE 2 POOL - -------------------------------------------------------------------------------- [MAP OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 24 - -------------------------------------------------------------------------------- CENTRO SYNDICATE 2 POOL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $233,977,430 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 6.9% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Acquisition SPONSOR Centro Properties Group TYPE OF SECURITY Both PARTIAL DEFEASANCE(1) Yes MORTGAGE RATE 5.440% MATURITY DATE December 9, 2016 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 120 ORIGINAL TERM/AMORTIZATION 120/IO REMAINING TERM/AMORTIZATION 120/IO LOCKBOX Yes SHADOW RATING (S&P/MOODY'S) AA/Baa2 UP-FRONT RESERVES None ONGOING ANNUAL RESERVES TAX/INSURANCE(2) Springing REPLACEMENT(3) Springing ADDITIONAL FINANCING(4)(5) None CUT-OFF DATE BALANCE $233,977,430 CUT-OFF DATE BALANCE/SF $71 CUT-OFF DATE LTV 52.1% MATURITY DATE LTV 52.1% UW DSCR ON NCF 2.39x - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 16 LOCATION Various, Various PROPERTY TYPE Retail -- Various SIZE (SF) 3,281,027 OCCUPANCY AS OF AUGUST 1, 2006(6) 97.5% YEAR BUILT/YEAR RENOVATED Various/Various APPRAISED VALUE $449,450,000 PROPERTY MANAGEMENT Centro Watt Management Joint Venture 2, LP UW ECONOMIC OCCUPANCY 96.6% UW REVENUES $ 48,361,352 UW TOTAL EXPENSES $ 15,130,445 UW NET OPERATING INCOME (NOI) $ 33,230,907 UW NET CASH FLOW (NCF) $ 30,439,034 - -------------------------------------------------------------------------------- (1) See "Release" below. (2) Ongoing monthly tax and insurance reserves will be required upon an event of default or upon certain other conditions as specified in the related Mortgage Loan documents. (3) Ongoing monthly deposits of $73,810 to the replacement reserve will be required upon an event of default or upon certain other conditions as specified in the related Mortgage Loan documents. (4) Future mezzanine debt is permitted, subject to certain conditions including, but not limited to: (i) the borrower has not obtained other permitted secured debt, (ii) the combined maximum loan-to-value ratio for the Mortgaged Properties must not exceed 80.0%, (iii) the combined minimum debt service coverage ratio for the Mortgaged Properties shall be equal to or greater than 1.25x, (iv) written confirmation from the Rating Agencies that such additional debt will not cause the ratings of any Certificates to be downgraded, qualified or withdrawn and (v) certain other conditions as specified in the related Mortgage Loan documents. (5) Future pari passu debt is permitted subject to certain conditions as specified in the related Mortgage Loan documents including, but not limited to: (i) the borrower has not obtained other permitted mezzanine debt (ii) the combined maximum loan-to-value ratio for the Mortgaged Properties must not exceed 52.06%, (iii) the combined minimum debt service coverage ratio for the Mortgaged Properties shall be equal to or greater than 2.39x and (iv) certain other conditions as specified in the related Mortgage Loan documents. (6) For all Mortgaged Properties, with the exception of Dalewood Shopping Center, for which the occupancy date is as of October 30, 2006. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 25 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CENTRO SYNDICATE 2 POOL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CENTRO SYNDICATE 2 POOL SUMMARY - -------------------------------------------------------------------------------- ALLOCATED CUT-OFF DATE MORTGAGED YEAR BUILT/ TOTAL PROPERTY NAME LOCATION BALANCE INTEREST RENOVATED SF - -------------------------------------------------------------------------------------------- Wendover Place ......... Greensboro, NC $ 32,276,339 Fee 1997 / NA 406,769 Dalewood Shopping Center ........ Hartsdale, NY 31,755,753 Fee 1970 / 2005 191,085 Grand Traverse Crossing ...... Traverse City, MI 17,960,221 Fee 1996 / NA 387,273 Spradlin Farm Retail Center ........ Christiansburg, VA 16,919,049 Fee 2000 / NA 181,055 Lehigh Shopping Center ........ Bethlehem, PA 15,981,994 Fee 1962 / 2003 372,243 Trinity Commons ....... Fort Worth, TX 15,617,583 Leasehold 1998 / NA 197,424 Oakwood Commons ....... Hermitage, TN 14,316,118 Both 1988 / NA 278,017 Parkway Plaza Carle Place, NY 14,055,825 Fee 1973 / NA 89,704 Rutland Plaza .... Rutland, VT 14,003,767 Fee 1960 / 1996 224,514 Southport Centre I-VI ... Apple Valley, MN 13,014,653 Fee 1992 / NA 124,937 Watson Glen ...... Franklin, TN 12,103,627 Fee 1988 / NA 264,360 College Plaza .... Selden, NY 10,932,308 Fee 1977 / 1994 175,086 Torrington Plaza ......... Torrington, CT 8,902,023 Fee 1975 / NA 125,710 Tri-City Plaza ... Somersworth, NH 7,652,616 Fee 1968 / 1992 146,947 Westgate Plaza ......... Westfield, MA 5,674,389 Fee 1969 / 1996 103,903 Northern Hills ... South Windsor, CT 2,811,165 Fee 2002 / NA 12,000 ------------ --------- $233,977,430 3,281,027 ============ ========= CUT-OFF APPRAISED DATE BALANCE UNDERWRITTEN APPRAISED VALUE PROPERTY NAME PER SF OCCUPANCY* NET CASH FLOW VALUE PER SF - ----------------------------------------------------------------------------------------- Wendover Place ......... $ 79 100.0% $ 3,959,697 $ 62,000,000 $152 Dalewood Shopping Center ........ $166 98.4% 3,897,460 61,000,000 $319 Grand Traverse Crossing ...... $ 46 97.9% 2,389,239 34,500,000 $ 89 Spradlin Farm Retail Center ........ $ 93 100.0% 2,145,996 32,500,000 $180 Lehigh Shopping Center ........ $ 43 95.1% 2,185,356 30,700,000 $ 82 Trinity Commons ....... $ 79 94.9% 2,175,689 30,000,000 $152 Oakwood Commons ....... $ 51 98.0% 1,880,893 27,500,000 $ 99 Parkway Plaza $157 94.0% 1,737,500 27,000,000 $301 Rutland Plaza .... $ 62 97.8% 1,817,242 26,900,000 $120 Southport Centre I-VI ... $104 97.8% 1,734,766 25,000,000 $200 Watson Glen ...... $ 46 100.0% 1,679,661 23,250,000 $ 88 College Plaza .... $ 62 97.1% 1,291,918 21,000,000 $120 Torrington Plaza ......... $ 71 96.0% 1,357,556 17,100,000 $136 Tri-City Plaza ... $ 52 98.0% 982,349 14,700,000 $100 Westgate Plaza ......... $ 55 88.3% 826,534 10,900,000 $105 Northern Hills ... $234 100.0% 377,177 5,400,000 $450 ----------- ------------ $ 88 97.5% $30,439,034 $449,450,000 $137 =========== ============ * Occupancy date as of August 1, 2006 for all Mortgaged Properties with the exception of Dalewood Shopping Center, for which the occupancy date is as of October 30, 2006. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 26 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CENTRO SYNDICATE 2 POOL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- TENANT SUMMARY - -------------------------------------------------------------------------------- % OF NET % OF TOTAL RATINGS(1) NET RENTABLE RENTABLE BASE RENT ANNUAL ANNUAL LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA PSF BASE RENT BASE RENT EXPIRATION - ----------------------------- ----------------- ------------- ---------- --------- ----------- ---------- ------------------ MAJOR TENANTS Wal-Mart ................. AA/Aa2/AA 201,272 6.13% $ 4.22 $ 848,623 2.45% Multiple Spaces(2) T.J. Maxx ................ A/A3/NR 194,279 5.9 $11.15 2,167,036 6.3 Multiple Spaces(3) Home Depot ............... AA/Aa3/AA 111,847 3.4 $ 5.43 607,329 1.8 January 2027 Staples .................. BBB+/Baa2/BBB+ 106,207 3.2 $ 8.76 930,809 2.7 Multiple Spaces(4) Kohl's ................... BBB+/A3/A 86,584 2.6 $ 8.18 708,257 2.0 January 2019 K-Mart ................... BB+/Ba1/BB 86,479 2.6 $ 5.30 458,339 1.3 October 2013 Marshalls ................ A/A3/NR 84,045 2.6 $ 8.21 689,640 2.0 Multiple Spaces(5) Wells Fargo .............. AA+/Aaa/AA 81,159 2.5 $ 5.49 445,687 1.3 Multiple Spaces(6) Goody's Family Clothing .. NR/NR/NR 75,000 2.3 $ 6.75 506,000 1.5 Multiple Spaces(7) Petsmart ................. BB/NR/NR 68,469 2.1 $12.00 821,474 2.4 Multiple Spaces(8) --------- ----- ----------- ----- TOTAL MAJOR TENANTS ...... 1,095,341 33.4% $ 7.47 $ 8,183,194 23.7% NON-MAJOR TENANTS ........... 2,102,050 64.1 $12.56 26,394,829 76.3 --------- ----- ----------- ----- OCCUPIED TOTAL .............. 3,197,391 97.5% $10.81 $34,578,023 100.0% VACANT SPACE ................ 83,636 2.5 =========== ===== --------- ----- PROPERTY TOTAL .............. 3,281,027 100.0% ========= ===== (1) Certain ratings are those of the parent whether or not the parent guarantees the lease. (2) Under the terms of multiple leases, approximately 76,135 square feet expire in January 2012 and approximately 125,137 square feet expire in October 2026. (3) Under the terms of multiple leases, approximately 31,600 square feet expire in November 2007, approximately 26,000 square feet expire in January 2008, approximately 27,500 square feet expire in October 2008, approximately 28,361 square feet expire in January 2009, approximately 25,092 square feet expire in January 2010, approximately 30,000 square feet expire in October 2010 and approximately 25,726 square feet expire in January 2011. (4) Under the terms of multiple leases, approximately 48,000 square feet expire in January 2007, approximately 16,945 square feet expire in July 2009, approximately 17,044 square feet expire in August 2009 and approximately 24,218 square feet expire in October 2011. (5) Under the terms of multiple leases, approximately 30,895 square feet expire in January 2009 and approximately 53,150 square feet expire in October 2009. (6) Under the terms of multiple leases, approximately 2,376 square feet expire in September 2007 and approximately 78,783 square feet expire in December 2010. (7) Under the terms of multiple leases, approximately 40,000 square feet expire in December 2009 and approximately 35,000 square feet expire in January 2011. (8) Under the terms of multiple leases, approximately 48,722 square feet expire in January 2013 and approximately 19,697 square feet expire in January 2016. - -------------------------------------------------------------------------------- LEASE EXPIRATION SCHEDULE - -------------------------------------------------------------------------------- WA BASE CUMULATIVE CUMULATIVE # OF LEASES RENT/SF TOTAL SF % OF TOTAL % OF SF % OF BASE RENT % OF BASE RENT YEAR EXPIRING EXPIRING EXPIRING SF EXPIRING* EXPIRING* EXPIRING* EXPIRING* - ---------- ----------- -------- -------- ------------ ---------- -------------- -------------- 2006 12 $18.51 19,720 0.6% 0.6% 1.1% 1.1% 2007 53 $12.37 270,275 8.2% 8.8% 9.7% 10.7% 2008 77 $12.48 329,327 10.0% 18.9% 11.9% 22.6% 2009 48 $10.07 503,514 15.3% 34.2% 14.7% 37.3% 2010 46 $10.99 407,824 12.4% 46.7% 13.0% 50.2% 2011 46 $12.19 320,965 9.8% 56.4% 11.3% 61.5% 2012 16 $ 9.86 205,162 6.3% 62.7% 5.9% 67.4% 2013 9 $10.41 180,543 5.5% 68.2% 5.4% 72.8% 2014 14 $13.84 112,281 3.4% 71.6% 4.5% 77.3% 2015 9 $12.96 103,993 3.2% 74.8% 3.9% 81.2% 2016 9 $12.02 135,933 4.1% 78.9% 4.7% 85.9% Thereafter 16 $ 7.99 607,854 18.5% 97.5% 14.1% 100.0% Vacant 0 NA 83,636 2.5% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 27 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CENTRO SYNDICATE 2 POOL - -------------------------------------------------------------------------------- o THE LOAN. The Mortgage Loan (the "Centro Syndicate 2 Pool Loan") is secured by first mortgages or deeds of trust encumbering a portfolio of sixteen retail properties located in various locations throughout the United States. The Centro Syndicate 2 Pool Loan represents approximately 6.9% of the Cut-Off Date Pool Balance. The Centro Syndicate 2 Pool Loan was originated on December 1, 2006 and has an aggregate principal balance as of the Cut-Off Date of $233,977,430. Further, the related Mortgage Loan documents permit the related borrower to obtain future debt that will be pari passu in right of entitlement of payment with the Centro Syndicate 2 Pool Loan (the "Centro Syndicate 2 Pool Future Pari Passu Companion Loan"), subject to the satisfaction of certain financial conditions set forth in the related Mortgage Loan documents, including but not limited to (i) as of the date the Centro Syndicate 2 Future Pari Passu Companion Loan is advanced, the loan-to-value ratio for the related Mortgaged Properties then subject to the lien of the related Mortgage is equal to or less than 52.1%, (ii) as of the date the Centro Syndicate 2 Future Pari Passu Companion Loan is advanced, the debt service coverage ratio for the Mortgaged Properties then subject to the lien of the related Mortgage is equal to or greater than 2.39x and (iii) receipt of written confirmation from the Rating Agencies that any ratings of the Certificates will not, as a result of the Centro Syndicate 2 Pool Future Pari Passu Companion Loan, be downgraded, qualified or withdrawn. The Centro Syndicate 2 Pool Loan provides for interest-only payments for its entire term. The Centro Syndicate 2 Pool Loan has a remaining term of 120 months and matures on December 9, 2016. The Centro Syndicate 2 Pool Loan may be prepaid on or after September 9, 2016, and permits defeasance with United States government obligations beginning two years after the Closing Date. o THE BORROWERS. The borrowers consist of 12 separate special purpose entities. Legal counsel to the borrowers delivered a non-consolidation opinion in connection with the origination of the Centro Syndicate 2 Pool Loan. The sponsor of the borrowers is Centro Properties Group ("Centro"). Centro is a retail investment organization that specializes in the ownership, management and development of retail shopping centers. Centro manages both listed and unlisted retail properties and has a portfolio of shopping centers across Australia, New Zealand and the United States. As of October 2006, funds managed by Centro exceed AUD$15.8 billion. Centro is the ninth largest retail property owner and manager in the United States, operating as Centro Watt, a joint venture that was established in August 2003 between Centro and United States-based Watt Commercial Properties to manage Centro's United States-based property interests. As of October 2006, Centro Watt had over 250 properties encompassing nearly 49 million square feet of leaseable space in 31 states across the United States. o THE PROPERTIES. The Mortgaged Properties consist of sixteen retail properties comprised of approximately 3.3 million square feet located in various locations throughout the United States. As of August 1, 2006 for all Mortgaged Properties, with the exception of Dalewood Shopping Center, for which the occupancy date is as of October 30, 2006, the occupancy rate for the Mortgaged Properties securing the Centro Syndicate 2 Pool Loan was approximately 97.5%. o RELEASE. The release of an individual Mortgaged Property will be permitted subject to the satisfaction of certain tests and conditions as set forth in the related Mortgage Loan documents including, but not limited to (i) partial defeasance of the related Mortgage Loan in an amount equal to 110% of the allocated loan amount of the Mortgaged Property to be released and (ii) the debt service coverage ratio shall be no less than that calculated immediately prior to such release. o SUBSTITUTION. The borrower may substitute properties of like kind and quality subject to satisfaction of certain tests and conditions as set forth in the related Mortgage Loan documents including, but not limited to (i) no event of default exists under the related Mortgage Loan documents, (ii) the aggregate value of all properties released (through one or more substitutions during the term of the Centro Syndicate 2 Pool Loan) shall not exceed 40% of the value of the entire pool of Mortgaged Properties, (iii) the mortgagee receives written confirmation from the Rating Agencies that such substitution shall not result in a qualification, downgrade or withdrawal of the then current ratings assigned to the Certificates, (iv) the borrowers deliver certain legal opinions from counsel concluding that the tax qualification and status of any REMIC holding the Centro Syndicate 2 Pool Loan will not be adversely affected or impaired as a result of the substitution and (v) the mortgagee receives and approves all necessary property level due diligence with respect to the new related Mortgaged Property (including, but not limited to, appraisals, building conditions reports, environmental site assessments, seismic reports and title insurance policies). o LOCKBOX ACCOUNT. All tenant payments due under the applicable tenant leases are deposited into a mortgagee-designated lockbox account. o MANAGEMENT. Centro Watt Management Joint Venture 2, LP, an affiliate of the sponsor, is the property manager for the Mortgaged Properties securing the Centro Syndicate 2 Pool Loan. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 28 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- GALLERIA AT TYLER - -------------------------------------------------------------------------------- [PHOTO OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 29 - -------------------------------------------------------------------------------- GALLERIA AT TYLER - -------------------------------------------------------------------------------- [MAP OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 30 - -------------------------------------------------------------------------------- GALLERIA AT TYLER - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $205,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 6.1% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance SPONSOR GGP-TRS L.L.C. TYPE OF SECURITY Both MORTGAGE RATE 5.305% MATURITY DATE October 11, 2011 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 60 ORIGINAL TERM / AMORTIZATION 60 / IO REMAINING TERM / AMORTIZATION 58 / IO LOCKBOX Yes SHADOW RATING (S&P/MOODY'S)(1) BBB-/Baa3 UP-FRONT RESERVES None ONGOING ANNUAL RESERVES TAX/INSURANCE(2) Springing REPLACEMENT(3) Springing TI/LC(4) Springing ADDITIONAL FINANCING(5) B-Note $45,000,000 TRUST ASSET WHOLE MORTGAGE LOAN ------------ ------------------- CUT-OFF DATE BALANCE $205,000,000 $250,000,000 CUT-OFF DATE BALANCE/SF $ 363 $ 443 CUT-OFF DATE LTV 44.9% 54.7% MATURITY DATE LTV 44.9% 54.7% UW DSCR ON NCF 1.97x 1.62x - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION Riverside, CA PROPERTY TYPE Retail - Anchored SIZE (SF)(6) 564,247 OCCUPANCY AS OF AUGUST 11, 2006(7) 90.7% YEAR BUILT / YEAR RENOVATED 1970 / 1991 APPRAISED VALUE $457,000,000 PROPERTY MANAGEMENT General Growth Management, Inc. UW ECONOMIC OCCUPANCY 90.7% UW REVENUES(8) $33,390,777 UW TOTAL EXPENSES $11,199,266 UW NET OPERATING INCOME (NOI) $22,191,512 UW NET CASH FLOW (NCF)(8) $21,465,294 - -------------------------------------------------------------------------------- (1) Moody's and S&P have confirmed that the Galleria at Tyler Loan has, in the context of its inclusion in the mortgage pool, credit characteristics consistent with an investment grade obligation. (2) Ongoing annual deposits to the tax and insurance reserves will be required upon an event of default. (3) Ongoing annual deposits of $132,612 to the replacement reserve will be required upon an event of default. Such reserve is capped at $132,612. Amounts on deposit will be released upon the earliest to occur of (i) termination of the event of default, (ii) a defeasance event or (iii) repayment of the debt. (4) Ongoing annual deposits of $462,550 to the TI/LC reserve will be required upon an event of default. Such deposits are capped at $462,550. Amounts on deposit will be released upon the earliest to occur of (i) termination of the event of default, (ii) a defeasance event or (iii) repayment of the debt. (5) Future mezzanine debt is permitted subject to a combined maximum loan-to-value ratio of 60.0% and a combined minimum debt service coverage ratio of 1.50x and other terms and conditions as detailed in the related Mortgage Loan documents. (6) The size of the Mortgaged Property includes 128,895 square feet of expansion space currently under construction. The expansion space is projected to open on a rolling basis between year-end 2006 and early 2008. The current net rentable area includes 435,352 square feet. (7) As of August 11, 2006, the in-place occupancy on the existing size of 435,352 square feet was approximately 88.0%. The 90.7% occupancy represents the leased status of the Mortgaged Property once the expansion space is completed and tenants with executed leases take possession. The completion of the expansion space is subject to a $30,000,000 payment guaranty as discussed below under "Payment Guaranty". (8) The base rents and expense recoveries for tenants with fully-executed leases for space within the expansion area as well as certain other vacancy considerations have been included in the calculation of the underwritten net cash flow. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 31 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- GALLERIA AT TYLER - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- TENANT SUMMARY - ------------------------------------------------------------------------------- ANNUAL % OF RATINGS(1) NET RENTABLE % OF NET BASE BASE TOTAL ANNUAL LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) RENTABLE AREA RENT PSF RENT BASE RENT EXPIRATION - -------------------------------- ----------------- ------------ ------------- -------- ----------- ------------ ------------- ANCHOR TENANTS - ANCHOR OWNED JCPenney .................... BBB-/Baa3/BBB 165,566 ANCHOR OWNED - NOT PART OF COLLATERAL Macy's ...................... BBB/Baa1/NR 157,384 ANCHOR OWNED - NOT PART OF COLLATERAL Nordstrom ................... A/Baa1/A- 145,258 ANCHOR OWNED - NOT PART OF COLLATERAL Vacant ...................... 153,500 ANCHOR OWNED - NOT PART OF COLLATERAL TOTAL ANCHOR OWNED .......... 621,708 TOP 5 NON-ANCHOR TENANTS AMC Theatres(2) ............. B/NR/B 70,000 12.4% $24.25 $ 1,697,500 10.5% February 2023 Barnes & Noble .............. NR/NR/NR 25,000 4.4 $18.00 450,000 2.8 January 2012 Tuesday Morning ............. NR/NR/NR 15,399 2.7 $14.75 227,115 1.4 January 2007 The Alley ................... NR/NR/NR 13,492 2.4 $17.79 240,023 1.5 June 2007 Foot Locker(3) .............. BB+/Ba1/NR 12,677 2.2 $ 0.00 0 0.0 April 2008 --------- ------ ----------- ----- TOTAL TOP 5 NON-ANCHOR TENANTS .................. 136,568 24.2% $19.15 $ 2,614,638 16.1% NON-MAJOR TENANTS .............. 375,265 66.5 $36.27 13,609,650 83.9 --------- ----- ----------- ----- OCCUPIED COLLATERAL TOTAL ...... 511,833 90.7%(4) $31.70 $16,224,288 100.0% ========= ===== =========== ===== IN-LINE VACANT SPACE ........... 52,414 9.3 COLLATERAL TOTAL ............... 564,247(5) 100.0% ========= PROPERTY TOTAL ................. 1,185,955 ========= - -------------------------------------------------------------------------------- (1) Certain ratings are those of the parent company whether or not the parent guarantees the lease. (2) The 70,000 square foot AMC Theatres is currently being constructed, with a projected opening and rent commencement date of March 2008. (3) Foot Locker pays percentage rent in lieu of a base rent. (4) The occupancy percentage includes the portion of the expansion space for which leases have been executed but which is still under construction and projected to be completed by the spring of 2008. The in-place occupancy on the existing collateral of 435,352 square feet as of August 11, 2006 was approximately 88.0%. (5) The total collateral square footage includes 128,895 square feet of expansion space still under construction. - ------------------------------------------------------------------------------- LEASE EXPIRATION SCHEDULE(1) - ------------------------------------------------------------------------------- CUMULATIVE % OF # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF CUMULATIVE % OF SF % OF BASE RENT BASE RENT YEAR EXPIRING EXPIRING EXPIRING EXPIRING(2) EXPIRING(2) EXPIRING(2) EXPIRING(2) - ---------- ----------- --------------- -------- ------------- ------------------ -------------- --------------- 2006 11 $27.08 39,221 7.0% 7.0% 6.5% 6.5% 2007 16 $25.98 41,766 7.4% 14.4% 6.7% 13.2% 2008 17 $22.08 47,159 8.4% 22.7% 6.4% 19.7% 2009 15 $38.52 30,561 5.4% 28.1% 7.3% 26.9% 2010 15 $40.17 23,895 4.2% 32.4% 5.9% 32.8% 2011 20 $41.91 35,757 6.3% 38.7% 9.2% 42.1% 2012 15 $30.53 52,387 9.3% 48.0% 9.9% 51.9% 2013 14 $48.07 22,206 3.9% 51.9% 6.6% 58.5% 2014 14 $36.84 33,769 6.0% 57.9% 7.7% 66.2% 2015 8 $36.70 26,842 4.8% 62.7% 6.1% 72.2% 2016 13 $34.88 46,433 8.2% 70.9% 10.0% 82.2% Thereafter 7 $25.79 111,837 19.8% 90.7% 17.8% 100.0% Vacant 0 NA 52,414 9.3% 100.0% 0.0% 100.0% - ------------------------------------------------------------------------------- (1) The lease expiration calculations include the expansion space. (2) Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 32 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- GALLERIA AT TYLER - -------------------------------------------------------------------------------- o THE LOAN. The Mortgage Loan (the "Galleria at Tyler Loan") is secured by a first mortgage encumbering a regional mall located in Riverside, California. The Galleria at Tyler Loan represents approximately 6.1% of the Cut-Off Date Pool Balance. The Galleria at Tyler Loan was originated on September 29, 2006 and has a principal balance as of the Cut-Off Date of $205,000,000. The Galleria at Tyler Loan is a portion of a whole loan with an original principal balance of $250,000,000. The other loan related to the Galleria at Tyler Loan is evidenced by a separate subordinate note, dated September 29, 2006 (the "Galleria at Tyler Subordinate Companion Loan" and together with the Galleria at Tyler Loan, the "Galleria at Tyler Whole Loan"), with an original principal balance of $45,000,000. The Galleria at Tyler Subordinate Companion Loan will not be an asset of the Trust Fund. The Galleria at Tyler Loan and the Galleria at Tyler Subordinate Companion Loan are governed by an intercreditor and servicing agreement, as described in the Prospectus Supplement under "DESCRIPTION OF THE MORTGAGE POOL--Co-Lender Loans" and will be serviced pursuant to the terms of the pooling and servicing agreement. The Galleria at Tyler Loan provides for interest-only payments for its entire term. The Galleria at Tyler Loan has a remaining term of 58 months and matures on October 11, 2011. The Galleria at Tyler Loan may be prepaid on or after October 11, 2010, and permits defeasance with United States government obligations beginning two years after the Closing Date. o THE BORROWER. The borrower is Tyler Mall Limited Partnership, a special purpose entity. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the Galleria at Tyler Whole Loan. The sponsor of the borrower is GGP-TRS L.L.C., a 50/50 joint venture between the Teachers' Retirement System of the State of Illinois and General Growth Properties, Inc. ("GGP"). GGP is a publicly-traded real estate investment trust. GGP and its predecessor companies have been in the shopping center business for over fifty years. GGP owns, develops, operates and/or manages shopping malls in 44 states. As of September 2006, GGP had ownership interests in, or management responsibility for, more than 200 regional shopping malls totaling approximately 200 million square feet of retail space. o THE PROPERTY. The Mortgaged Property is an approximately 564,247 square foot regional mall situated on approximately 28.3 acres. This includes 128,895 square feet of expansion space, which is projected to open on a rolling basis between year-end 2006 and early 2008. The Mortgaged Property was constructed in 1970 and renovated in 1991. The Mortgaged Property is located in Riverside, California within the Riverside-San Bernardino-Ontario, California metropolitan statistical area. As of August 11, 2006, the occupancy rate for the Mortgaged Property securing the Galleria at Tyler Loan (calculated including the expansion space) was approximately 90.7%. The largest tenant will be AMC Theatres ("AMC"), which will occupy approximately 70,000 square feet upon completion of the construction of the expansion space, which is projected to be no earlier than March 2008, or approximately 12.4% of the net rentable area. AMC is the second largest movie theater chain in the United States and owns approximately 230 theaters and 3,550 screens. AMC owns or operates theaters located in 27 states, the District of Columbia and 7 other countries. The AMC lease expires in February 2023. The second largest tenant is Barnes & Noble, Inc. ("Barnes & Noble"), occupying approximately 25,000 square feet, or approximately 4.4% of the net rentable area. Barnes & Noble is a Fortune 500 company, which operates bookstores throughout the United States. As of November 22, 2006, Barnes & Noble operated 801 bookstores in all 50 states. The Barnes & Noble lease expires in January 2012. The third largest tenant is Tuesday Morning, occupying approximately 15,399 square feet, or approximately 2.7% of the net rentable area. Tuesday Morning is a closeout retailer of home furnishings, gifts and related items. Tuesday Morning operates approximately 730 stores in 46 states. The Tuesday Morning lease expires in January 2007. o LOCK BOX ACCOUNT. All tenant payments due under the applicable tenant leases are deposited into a mortgagee-designated lockbox account. o SUBSTITUTION. The borrower may provide substitutions for certain non-income-producing portions of the Mortgaged Property. In connection with such substitutions (i) the borrower must simultaneously acquire fee simple or leasehold interest in a parcel of real property, (ii) the appraised value of such acquired parcel shall be substantially similar to that of the exchange parcel, (iii) no event of default under the related Mortgage Loan documents shall have occurred and be continuing and (iv) certain other conditions as specified in the related Mortgage Loan documents. The borrower may provide substitutions for certain parking structures and other identified public improvements of the Mortgaged Property. In connection with such substitutions (i) the borrower must acquire one of the restaurant anchor parcels This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 33 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- GALLERIA AT TYLER - -------------------------------------------------------------------------------- (on which the Cheesecake Factory or P.F. Chang's China Bistro are or shall be located), (ii) no event of default shall have occurred and be continuing under the related Mortgage Loan documents and (iii) certain other conditions as specified in the related Mortgage Loan documents. o PAYMENT GUARANTY. Related to the ongoing expansion at the Mortgaged Property, GGP-TRS, L.L.C. has provided a $30,000,000 springing payment guaranty as additional credit enhancement for certain executed tenant leases that were included in the underwritten revenues. Such payment guarantee only goes into effect upon (i) the occurrence and continuance of an event of default under the related Mortgage Loan documents or (ii) the debt service coverage ratio falling below 1.15x. The amount of the guarantee will be reduced by the related burn off amount, as each tenant that will occupy the expansion space occupies its space and begins paying full minimum annual rent under the related lease, as more fully described in the related Mortgage Loan documents. o MANAGEMENT. General Growth Management, Inc., an affiliate of the sponsor, is the property manager for the Mortgaged Property securing the Galleria at Tyler Loan. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 34 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CENTRO INTERNATIONAL WHOLESALE POOL - -------------------------------------------------------------------------------- [PHOTO OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 35 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CENTRO INTERNATIONAL WHOLESALE POOL - -------------------------------------------------------------------------------- [MAP OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 36 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CENTRO INTERNATIONAL WHOLESALE POOL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $161,039,673 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 4.8% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Acquisition SPONSOR Centro Properties Group TYPE OF SECURITY Fee PARTIAL DEFEASANCE(1) Yes MORTGAGE RATE 5.420% MATURITY DATE December 9, 2013 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 84 ORIGINAL TERM / AMORTIZATION 84 / IO REMAINING TERM / AMORTIZATION 84 / IO LOCKBOX Yes SHADOW RATING (S&P/MOODY'S)(2) AA-/Baa2 UP-FRONT RESERVES None ONGOING ANNUAL RESERVES TAX/INSURANCE(3) Springing REPLACEMENT(4) Springing ADDITIONAL FINANCING(5)(6)(7) None CUT-OFF DATE BALANCE $161,039,673 CUT-OFF DATE BALANCE/SF $91 CUT-OFF DATE LTV 53.4% MATURITY DATE LTV 53.4% UW DSCR ON NCF 2.31x - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 13 LOCATION Various PROPERTY TYPE Retail -- Anchored SIZE (SF) 1,777,884 OCCUPANCY AS OF AUGUST 1, 2006 98.9% YEAR BUILT / YEAR RENOVATED Various / Various APPRAISED VALUE $301,800,000 PROPERTY MANAGEMENT Centro Watt Management Joint Venture 2, LP UW ECONOMIC OCCUPANCY 97.0% UW REVENUES $30,365,113 UW TOTAL EXPENSES $ 8,634,383 UW NET OPERATING INCOME (NOI) $21,730,730 UW NET CASH FLOW (NCF) $20,202,659 - -------------------------------------------------------------------------------- (1) See "Release" below. (2) Moody's and S&P have confirmed that the Centro International Wholesale Pool Loan has, in the context of its inclusion in the mortgage pool, credit characteristics consistent with an investment grade obligation. (3) Ongoing monthly tax and insurance reserves will be required upon an event of default or upon certain other conditions as specified in the related Mortgage Loan documents. (4) Ongoing monthly deposits of $46,275 to the replacement reserve will be required upon an event of default or upon certain other conditions as specified in the related Mortgage Loan documents. (5) Future mezzanine debt is permitted, subject to certain conditions including, but not limited to: (i) the borrower has not obtained other permitted secured debt, (ii) the combined maximum loan-to-value ratio for the Mortgaged Properties must not exceed 80.0%, (iii) the combined minimum debt service coverage ratio for the Mortgaged Properties shall be equal to or greater than 1.25x and (iv) certain other conditions as specified in the related Mortgage Loan documents. (6) Future pari passu debt is permitted subject to certain conditions detailed in the related Mortgage Loan documents including, but not limited to: (i) the borrower has not obtained other permitted mezzanine debt, (ii) the combined maximum loan-to-value ratio for the properties must not exceed 53.36%, (iii) the combined minimum debt service coverage ratio for the Mortgaged Properties shall be equal to or greater than 2.31x, (iv) written confirmation from the Rating Agencies that such additional debt will not cause the ratings of any Certificates to be downgraded, qualified or withdrawn and (v) certain other conditions as specified in the related Mortgage Loan documents. (7) The loan-to-value ratio, debt service coverage ratio and Cut-Off Date Pool Balance/SF were derived based upon the aggregate indebtedness of, or debt service on, the Centro International Wholesale Pool Loan and assumes that no future pari passu companion loan has been advanced. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 37 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CENTRO INTERNATIONAL WHOLESALE POOL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CENTRO INTERNATIONAL WHOLESALE POOL SUMMARY - -------------------------------------------------------------------------------- CUT-OFF ALLOCATED DATE UNDERWRITTEN APPRAISED CUT-OFF DATE YEAR BUILT/ TOTAL BALANCE NET CASH APPRAISED VALUE PROPERTY NAME LOCATION BALANCE RENOVATED SF PER SF OCCUPANCY* FLOW VALUE PER SF - --------------------- -------------------- ------------ ----------- --------- ------- ---------- ------------ ------------ --------- Innes Street Market.. Salisbury, NC $ 24,011,880 1999 / NA 349,433 $ 69 98.6% $ 3,090,190 $ 45,000,000 $129 County Line Plaza ... Jackson, MS 21,343,893 1997 / 2000 221,567 $ 96 98.5% 2,670,945 40,000,000 $181 Berkshire Crossing... Pittsfield, MA 19,156,144 1996 / NA 198,473 $ 97 100.0% 2,536,213 35,900,000 $181 Morris Hills Shopping Center... Parsippany, NJ 17,341,913 1959 / 1990 159,454 $109 94.0% 2,374,402 32,500,000 $204 Venetian Isles ...... Lighthouse Point, FL 13,873,530 1959 / 1992 183,867 $ 75 99.3% 1,733,985 26,000,000 $141 New Centre Market.... Wilmington, NC 11,899,220 1998 / NA 143,763 $ 83 100.0% 1,472,830 22,300,000 $155 Hale Road ........... Manchester, CT 10,671,947 2001 / NA 103,931 $103 100.0% 1,322,129 20,000,000 $192 Three Village Shopping Center.... East Setauket, NY 10,405,148 1964 / 1988 77,458 $134 100.0% 1,220,395 19,500,000 $252 Kings Park Shopping Center... Kings Park, NY 7,683,802 1963 / 1988 71,940 $107 100.0% 933,894 14,400,000 $200 Falcaro's Plaza ..... Lawrence, NY 7,577,082 1968 / NA 61,295 $124 100.0% 887,978 14,200,000 $232 Suffolk Plaza ....... East Setauket, NY 6,509,887 1967 / 1998 84,480 $ 77 100.0% 731,608 12,200,000 $144 Rockville Centre .... Rockville Centre, NY 5,335,973 1975 / NA 44,131 $121 100.0% 615,662 10,000,000 $227 Lynn Marketplace .... Lynn, MA 5,229,254 1962 / 1993 78,092 $ 67 100.0% 612,429 9,800,000 $125 ------------ --------- ----------- ------------ $161,039,673 1,777,884 $ 91 98.9% $20,202,659 $301,800,000 $170 ============ ========= =========== ============ * Occupancy date as of August 1, 2006 for all Mortgaged Properties. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 38 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CENTRO INTERNATIONAL WHOLESALE POOL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- TENANT SUMMARY - -------------------------------------------------------------------------------- % OF NET % OF TOTAL RATINGS(1) NET RENTABLE RENTABLE BASE RENT ANNUAL BASE ANNUAL BASE LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA PSF RENT RENT EXPIRATION - ------------------------- ----------------- ------------ -------- --------- ----------- ----------- ------------------ MAJOR TENANTS Lowe's Home Centers .. A+/A1/A+ 114,734 6.5% $ 7.28 $ 835,264 3.8% May 2017 Marshalls ............ A/A3/NR 110,432 6.2 $11.59 1,280,242 5.9 Multiple Spaces(2) Price Chopper ........ NR/NR/NR 82,172 4.6 $12.31 1,011,537 4.6 June 2020 Staples .............. BBB+/Baa2/BBB+ 72,660 4.1 $11.04 802,446 3.7 Multiple Spaces(3) Waldbaum's ........... NR/NR/NR 56,759 3.2 $ 3.01 170,845 0.8 December 2008 T.J.Maxx ............. A/A3/NR 53,608 3.0 $10.38 556,382 2.6 Multiple Spaces(4) Office Max ........... B+/Ba3/NR 53,387 3.0 $12.56 670,804 3.1 Multiple Spaces(5) Shaw's Supermarket ... NR/B1/BB- 52,620 3.0 $ 3.39 178,382 0.8 May 2008 Old Navy ............. BB+/Baa3/BBB- 50,000 2.8 $12.87 643,500 2.9 Multiple Spaces(6) Tinsletown ........... NR/NR/NR 44,225 2.5 $ 9.67 427,656 2.0 June 2018 --------- ----- ----------- ----- TOTAL MAJOR TENANTS .. 690,597 38.8% $ 9.52 $ 6,577,056 30.1% NON-MAJOR TENANTS ....... 1,068,195 60.1 $14.27 15,241,381 69.9 --------- ----- ----------- ----- OCCUPIED TOTAL .......... 1,758,792 98.9% $12.41 $21,818,438 100.0% VACANT SPACE ............ 19,092 1.1 =========== ===== --------- ----- PROPERTY TOTAL .......... 1,777,884 100.0% ========= ===== (1) Certain ratings are those of the parent whether or not the parent guarantees the lease. (2) Under the terms of multiple leases, approximately 30,000 square feet expire in May 2008, approximately 52,432 square feet expire in August 2009 and approximately 28,000 square feet expire in October 2009. (3) Under the terms of multiple leases, approximately 24,611 square feet expire in May 2010, approximately 24,049 square feet expire in March 2014 and approximately 24,000 square feet expire in February 2017. (4) Under the terms of multiple leases, approximately 25,608 square feet expire in November 2008 and approximately 28,000 square feet expire in January 2012. (5) Under the terms of multiple leases, approximately 29,887 square feet expire in January 2008 and approximately 23,500 square feet expire in July 2013. (6) Under the terms of multiple leases, approximately 25,000 square feet expire in August 2007 and approximately 25,000 square feet expire in August 2011. - -------------------------------------------------------------------------------- LEASE EXPIRATION SCHEDULE - -------------------------------------------------------------------------------- CUMULATIVE % OF CUMULATIVE # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF % OF SF BASE RENT % OF BASE YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* EXPIRING* RENT EXPIRING* - ----------- ------------ --------------- -------- ------------- ---------- --------- -------------- 2006 10 $ 13.83 40,387 2.3% 2.3% 2.6% 2.6% 2007 38 $ 16.56 135,427 7.6% 9.9% 10.3% 12.8% 2008 24 $ 8.58 233,119 13.1% 23.0% 9.2% 22.0% 2009 29 $ 14.20 239,454 13.5% 36.5% 15.6% 37.6% 2010 18 $ 17.70 91,063 5.1% 41.6% 7.4% 45.0% 2011 15 $ 12.97 95,693 5.4% 47.0% 5.7% 50.7% 2012 20 $ 12.47 192,678 10.8% 57.8% 11.0% 61.7% 2013 11 $ 12.79 92,112 5.2% 63.0% 5.4% 67.1% 2014 10 $ 14.39 81,190 4.6% 67.6% 5.4% 72.4% 2015 14 $ 12.96 75,758 4.3% 71.8% 4.5% 76.9% 2016 7 $ 14.56 29,593 1.7% 73.5% 2.0% 78.9% Thereafter 14 $ 10.17 452,318 25.4% 98.9% 21.1% 100.0% Vacant 0 NA 19,092 1.1% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 39 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CENTRO INTERNATIONAL WHOLESALE POOL - -------------------------------------------------------------------------------- o THE LOAN. The Mortgage Loan (the "Centro International Wholesale Pool Loan") is secured by first mortgages or deeds of trust encumbering a portfolio of thirteen retail properties located in various locations throughout the United States. The Centro International Wholesale Pool Loan represents approximately 4.8% of the Cut-Off Date Pool Balance. The Centro International Wholesale Pool Loan was originated on December 1, 2006 and has a principal balance as of the Cut-Off Date of $161,039,673. Further, the related Mortgage Loan documents permit the related borrower to obtain future debt that will be pari passu in right of entitlement of payment with the Centro International Wholesale Pool Loan (the "Centro International Wholesale Pool Future Pari Passu Companion Loan"), subject to the satisfaction of certain financial conditions set forth in the related Mortgage Loan documents, including but not limited to (i) as of the date the Centro International Wholesale Pool Future Pari Passu Companion Loan is advanced, the loan-to-value for the related Mortgaged Properties then subject to the lien of the related Mortgage is equal to or less than 53.4% (ii) as of the date the Centro International Wholesale Future Pari Passu Companion Loan is advanced, the debt service coverage ratio for the Mortgaged Properties then subject to the lien of the related Mortgage is equal to or greater than 2.31x and (iii) receipt of written confirmation from the Rating Agencies that any ratings of the Certificates will not, as a result of the Centro International Wholesale Pool Future Pari Passu Companion Loan, be downgraded, qualified or withdrawn. The Centro International Wholesale Pool Loan provides for interest-only payments for its entire term. The Centro International Wholesale Pool Loan has a remaining term of 84 months and matures on December 9, 2013. The Centro International Wholesale Pool Loan may be prepaid on or after September 9, 2013, and permits defeasance with United States government obligations beginning two years after the Closing Date. o THE BORROWERS. The borrowers consist of 8 separate special purpose entities. Legal counsel to the borrowers delivered a non-consolidation opinion in connection with the origination of the Centro International Wholesale Pool Loan. The sponsor of the borrowers is Cento Properties Group ("Centro"). Centro is a retail investment organization that specializes in the ownership, management and development of retail shopping centers. Centro manages both listed and unlisted retail property and has a portfolio of shopping centers across Australia, New Zealand and the United States. As of October 2006, funds managed by Centro exceeded AUD$15.8 billion. Centro is the ninth largest retail property owner and manager in the United States operating as Centro Watt, a joint venture that was established in August 2003 between Centro and United States-based Watt Commercial Properties to manage Centro's United States-based property interests. As of October 2006, Centro Watt had over 250 properties encompassing nearly 49 million square feet of leaseable space in 31 states across the United States. o THE PROPERTIES. The Mortgaged Properties consist of thirteen retail properties comprised of approximately 1,777,884 square feet located in various locations throughout the United States. As of August 1, 2006, the occupancy rate for the Mortgaged Properties securing the Centro International Wholesale Pool Loan was approximately 98.9%. o RELEASE. The release of an individual Mortgaged Property will be permitted subject to the satisfaction of certain tests and conditions as set forth in the related Mortgage Loan documents including, but not limited to, the partial defeasance of the Centro International Wholesale Pool Loan in an amount equal to 110% of the allocated loan amount to be released and (ii) the debt service coverage ratio shall be no less than that obtained immediately prior to release. o SUBSTITUTION. The borrowers may substitute properties of like kind and quality subject to satisfaction of certain tests and conditions as set forth in the related Mortgage Loan documents including, but not limited to (i) no event of default exists under the related Mortgage Loan documents, (ii) the aggregate value of all Mortgaged Properties released (through one or more substitutions) during the term of the loan shall not exceed 40% of the value of the entire pool of Mortgaged Properties, (iii) the mortgagee receives written confirmation from the Rating Agencies that such substitution shall not result in a qualification, downgrade or withdrawal of the then current ratings assigned to the certificates, (iv) the borrowers deliver certain legal opinions from counsel concluding that the tax qualification and status of any REMIC holding the Mortgage Loan will not be adversely affected or impaired as a result of the substitution and (v) the mortgagee receives and approves all necessary property level due diligence with respect to the new Mortgaged Property (including, but not limited to, appraisals, building conditions reports, environmental site assessments, seismic reports and title insurance policies.) o LOCKBOX ACCOUNT. All tenant payments due under the applicable tenant leases are deposited into a mortgagee-designated lockbox account. o MANAGEMENT. Centro Watt Management Joint Venture 2, LP, an affiliate of the sponsor, is the property manager for the Mortgaged Properties securing the Centro International Wholesale Pool Loan. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 40 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- WESTFIELD FOX VALLEY - -------------------------------------------------------------------------------- [PHOTO OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 41 - -------------------------------------------------------------------------------- WESTFIELD FOX VALLEY - -------------------------------------------------------------------------------- [MAP OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 42 - -------------------------------------------------------------------------------- WESTFIELD FOX VALLEY - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $150,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 4.4% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance SPONSOR Westfield America, Inc. TYPE OF SECURITY Fee MORTGAGE RATE 5.370% MATURITY DATE November 11, 2016 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 120 ORIGINAL TERM / AMORTIZATION 120 / IO REMAINING TERM / AMORTIZATION 119 / IO LOCKBOX Yes SHADOW RATING (S&P/MOODY'S)(1) BBB-/Baa3 UP-FRONT RESERVES None ONGOING RESERVES TAX/INSURANCE(2) Springing REPLACEMENT(3) Springing TI/LC(4) Springing ADDITIONAL FINANCING None CUT-OFF DATE BALANCE $150,000,000 CUT-OFF DATE BALANCE/SF $272 CUT-OFF DATE LTV 57.9% MATURITY DATE LTV 57.9% UW DSCR ON NCF 2.15x - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION Aurora, IL PROPERTY TYPE Retail -- Anchored SIZE (SF) 552,388 OCCUPANCY AS OF NOVEMBER 10, 2006 86.4% YEAR BUILT / YEAR RENOVATED 1975 / 1998 APPRAISED VALUE $259,000,000 PROPERTY MANAGEMENT Westfield, LLC UW ECONOMIC OCCUPANCY 90.0% UW REVENUES $28,306,064 UW TOTAL EXPENSES $10,309,406 UW NET OPERATING INCOME (NOI) $17,996,658 UW NET CASH FLOW (NCF) $17,316,719 - -------------------------------------------------------------------------------- (1) Moody's and S&P have confirmed that the Westfield Fox Valley Loan has, in the context of its inclusion in the mortgage pool, credit characteristics consistent with an investment grade obligation. (2) Ongoing monthly tax and insurance reserves will be required upon an event of default or upon certain other conditions as described in the related Mortgage Loan documents. (3) Ongoing monthly replacement reserves in the amount of 1/12th of the product of $1.20 and the gross rentable square feet of in-line tenant space at the improvements will be required upon an event of default or upon certain other conditions as described in the related Mortgage Loan documents. (4) Ongoing monthly deposits to the TI/LC reserve account will be required if any tenant leasing more than 20,000 square feet terminates or cancels its lease more than one year prior to the applicable lease expiration date. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 43 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- WESTFIELD FOX VALLEY - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- TENANT SUMMARY - -------------------------------------------------------------------------------- % OF TOTAL RATINGS(1) NET % OF NET ANNUAL S&P/MOODY'S/ RENTABLE RENTABLE BASE ANNUAL BASE LEASE TENANT FITCH AREA (SF) AREA RENT PSF BASE RENT RENT EXPIRATION - ------------------------------------ ------------- --------- -------- -------- ----------- ------ --------------- ANCHOR TENANTS -- ANCHOR OWNED Sears ........................... BB+/NR/BB 316,000 ANCHOR OWNED-NOT PART OF COLLATERAL Marshall Field & Co. ............ NR/NR/NR 229,558 ANCHOR OWNED-NOT PART OF COLLATERAL JC Penney ....................... BBB-/Baa3/BBB 206,967 ANCHOR OWNED-NOT PART OF COLLATERAL Carson Pirie Scott & Co. ........ B+/B3/B 115,960 ANCHOR OWNED-NOT PART OF COLLATERAL --------- TOTAL ANCHOR OWNED .............. 868,485 TOP 5 NON-ANCHOR TENANTS ........... Steve & Barry's ................. NR/NR/NR 24,914 4.5% $14.00 $ 348,796 2.3% January 2013 H&M ............................. NR/NR/NR 20,000 3.6 $20.69 413,800 2.7 January 2015 Abercrombie & Fitch ............. NR/NR/NR 17,264 3.1 $19.90 343,540 2.3 Multiple Spaces(2) Express ......................... BBB/Baa2/NR 12,242 2.2 $24.00 293,808 1.9 January 2013 Carson Pirie Scott & Co. ........ B+/B3/B 11,267 2.0 $17.50 197,173 1.3 January 2012 --------- ----- ----------- ----- TOTAL TOP 5 NON-ANCHOR TENANTS .. 85,687 15.5% $18.64 $ 1,597,117 10.6% NON-MAJOR TENANTS .................. 391,595 70.9 $34.49 13,504,524 89.4 --------- ----- ----------- ----- OCCUPIED COLLATERAL TOTAL .......... 477,282 86.4% $31.64 $15,101,641 100.0% ========= ===== =========== ===== VACANT SPACE ....................... 75,106 13.6 --------- ----- COLLATERAL TOTAL ................... 552,388 100.0% ========= ===== PROPERTY TOTAL ..................... 1,420,873 ========= (1) Certain ratings are those of the parent company whether or not the parent guarantees the lease. (2) Under the terms of multiple leases, approximately 12,580 square feet expire in January 2007 and approximately 4,684 square feet in April 2010. - -------------------------------------------------------------------------------- LEASE EXPIRATION SCHEDULE - -------------------------------------------------------------------------------- WA BASE # OF LEASES RENT/SF TOTAL SF % OF TOTAL SF CUMULATIVE % OF SF % OF BASE RENT CUMULATIVE % OF BASE YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* EXPIRING* RENT EXPIRING* - ---------- ----------- -------- -------- ------------- ------------------ -------------- -------------------- 2006 7 $20.89 20,871 3.8% 3.8% 2.9% 2.9% 2007 12 $27.49 49,008 8.9% 12.7% 8.9% 11.8% 2008 28 $32.49 69,143 12.5% 25.2% 14.9% 26.7% 2009 19 $40.22 35,582 6.4% 31.6% 9.5% 36.2% 2010 15 $39.61 24,552 4.4% 36.1% 6.4% 42.6% 2011 11 $31.58 31,116 5.6% 41.7% 6.5% 49.1% 2012 9 $25.37 29,709 5.4% 47.1% 5.0% 54.1% 2013 15 $27.65 62,617 11.3% 58.4% 11.5% 65.6% 2014 15 $32.65 54,153 9.8% 68.2% 11.7% 77.3% 2015 9 $32.85 36,269 6.6% 74.8% 7.9% 85.2% 2016 11 $35.96 35,797 6.5% 81.3% 8.5% 93.7% Thereafter 9 $33.49 28,465 5.2% 86.4% 6.3% 100.0% Vacant 0 NA 75,106 13.6% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 44 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- WESTFIELD FOX VALLEY - -------------------------------------------------------------------------------- o THE LOAN. The Mortgage Loan (the "Westfield Fox Valley Loan") is secured by a first mortgage encumbering a regional mall located in Aurora, Illinois. The Westfield Fox Valley Loan represents approximately 4.4% of the Cut-Off Date Pool Balance. The Westfield Fox Valley Loan was originated on November 10, 2006 and has a principal balance as of the Cut-Off Date of $150,000,000. The Westfield Fox Valley Loan provides for interest-only payments for its entire term. The Westfield Fox Valley Loan has a remaining term of 119 months and matures on November 11, 2016. The Fox Valley Loan may be prepaid at any time with payment of the greater of yield maintenance or 1.0% of the prepaid amount through and including April 11, 2016. In lieu of the yield maintenance premium, the Westfield Fox Valley Loan permits defeasance with United States government obligations beginning two years after the Closing Date. o THE BORROWER. The borrower is Fox Valley Mall LLC, a special purpose entity. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the Westfield Fox Valley Loan. The sponsor of the borrower is the Westfield Group ("Westfield"). Westfield is the largest retail property group in the world by equity market capitalization and is the sixth largest entity listed on the Australian Stock Exchange. Westfield has a portfolio of investment interests of over 120 shopping centers valued in excess of $42.2 billion, located in Australia, the United States, New Zealand and the United Kingdom. As of November 28, 2006, Westfield was rated "A-" (S&P), "A2" (Moody's) and "A-" (Fitch). o THE PROPERTY. The Mortgaged Property is an approximately 552,388 square foot regional mall situated on approximately 53.8 acres. The Mortgaged Property was constructed in 1975 and renovated in 1998. The Mortgaged Property is located in Aurora, Illinois within the Chicago-Naperville-Joliet, IL-IN-WI metropolitan statistical area. As of November 10, 2006, the occupancy rate for the Mortgaged Property securing the Westfield Fox Valley Loan was approximately 86.4%. The largest tenant is Steve & Barry's, occupying approximately 24,914 square feet, or approximately 4.5% of the net rentable area. Founded in 1998, Steve & Barry's sells every item in its stores for $19.99 or less through approximately 140 stores nationwide. Steve & Barry's sells apparel and accessories such as t-shirts, button-down shirts, varsity jackets, tank tops and backpacks. The Steve & Barry's lease expires in January 2013. The second largest tenant is H&M, occupying approximately 20,000 square feet, or approximately 3.6% of the net rentable area. H&M sells clothing for men, women and children, as well as its own brand of cosmetics. H&M operates approximately 1,193 stores in 22 countries. The H&M lease expires in January 2015. The third largest tenant is Abercrombie & Fitch ("Abercrombie"), occupying approximately 17,264 square feet, or approximately 3.1% of the net rentable area. Abercrombie is a specialty retailer that sells casual apparel, accessories and personal care items for men, women and children under the Abercrombie & Fitch, abercrombie, Hollister and RUEHL brands. Abercrombie operates approximately 851 stores in the United States and Canada. Under the terms of multiple leases, approximately 12,580 square feet expire in January 2007 and approximately 4,684 square feet expire in April 2010. o LOCK BOX ACCOUNT. All tenant payments due under the applicable tenant leases are required to be deposited into a mortgagee-designated lockbox account. o MANAGEMENT. Westfield, LLC, an affiliate of the sponsor, is the property manager for the Mortgaged Property securing the Westfield Fox Valley Loan. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 45 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 THIS PAGE INTENTIONALLY LEFT BLANK This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 46 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- NEWPORT BLUFFS - -------------------------------------------------------------------------------- [PHOTO OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 47 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- NEWPORT BLUFFS - -------------------------------------------------------------------------------- [MAP OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 48 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- NEWPORT BLUFFS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $132,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 3.9% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance SPONSOR The Irvine Company LLC TYPE OF SECURITY Fee MORTGAGE RATE 6.104% MATURITY DATE October 11, 2016 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 120 ORIGINAL TERM / AMORTIZATION 120 / IO REMAINING TERM / AMORTIZATION 118 / IO LOCKBOX None UP-FRONT RESERVES None ONGOING ANNUAL RESERVES TAX/INSURANCE(1) Springing REPLACEMENT(2) Springing ADDITIONAL FINANCING(3) Pari Passu Debt $132,000,000 PARI PASSU NOTES(4) ------------------- CUT-OFF DATE BALANCE $264,000,000 CUT-OFF DATE BALANCE/UNIT $250,951 CUT-OFF DATE LTV 71.0% MATURITY DATE LTV 71.0% UW DSCR ON NCF 1.35x - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION Newport Beach, CA PROPERTY TYPE Multifamily -- Conventional SIZE (UNITS) 1,052 OCCUPANCY AS OF SEPTEMBER 25, 2006 94.3% YEAR BUILT / YEAR RENOVATED 1999 / NA APPRAISED VALUE $371,900,000 PROPERTY MANAGEMENT Irvine Community Development Co. LLC UW ECONOMIC OCCUPANCY 94.1% UW REVENUES $28,343,179 UW TOTAL EXPENSES $6,324,731 UW NET OPERATING INCOME (NOI) $22,018,448 UW NET CASH FLOW (NCF) $21,780,696 - -------------------------------------------------------------------------------- (1) An annual deposit into the tax and insurance reserve will be required upon an event of default as specified in the related Mortgage Loan documents. (2) An annual deposit of $228,408 into the replacement reserve will be required upon certain conditions as specified in the related Mortgage Loan documents. (3) Additional future pari passu debt is permitted subject to (i) a combined maximum loan-to-value ratio based upon the aggregate principal balance of the Newport Bluffs Loan and the Newport Bluffs Future Pari Passu Companion Loan of 65.0% during the first 60 months of the term of the Newport Bluffs Loan, and 60.0% anytime thereafter, (ii) a combined minimum debt service coverage ratio based upon the aggregate principal balance of the Newport Bluffs Loan and the Newport Bluffs Future Pari Passu Companion Loan of 1.30x during the first 60 months of the term of the Mortgage Loan, and 1.35x anytime thereafter and (iii) certain other conditions as specified in the related Newport Bluffs Loan documents. (4) The loan-to-value ratio, debt service coverage ratio and Cut-Off Date Balance/Unit were derived based upon the aggregate indebtedness of, or debt service on, the Newport Bluffs Loan and the Newport Bluffs Pari Passu Companion Loan (but do not account for the Newport Bluffs Future Pari Passu Companion Loan, that, as of the Cut-Off Date, has not been advanced). This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 49 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- NEWPORT BLUFFS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- UNIT MIX - -------------------------------------------------------------------------------- UNIT MIX NO. OF UNITS APPROXIMATE UNIT SIZE (SF) APPROXIMATE NRA (SF) % OF NRA ACTUAL RENT - ------------------------------ ------------ -------------------------- -------------------- -------- -------------------- Studio ....................... 33 549 18,117 1.7% $1,483 1 BR/1 BA .................... 391 791 309,281 29.1 $1,928 2 BR/2 BA .................... 359 1,088 390,592 36.7 $2,238 2 BR/2 BA Townhome ........... 112 1,195 133,840 12.6 $2,690 3 BR/2 BA .................... 47 1,336 62,792 5.9 $2,830 3 BR/3 BA Townhome ........... 110 1,363 149,930 14.1 $3,125 ----- --------- ----- TOTAL/AVERAGE ............. 1,052 1,012 1,064,552 100.0% $2,266/$2.24/SF ===== ========= ===== This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 50 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- NEWPORT BLUFFS - -------------------------------------------------------------------------------- o THE LOAN. The Mortgage Loan (the "Newport Bluffs Loan") is secured by a first mortgage encumbering a 1,052-unit multifamily complex located in Newport Beach, California. The Newport Bluffs Loan represents approximately 3.9% of the Cut-Off Date Pool Balance. The Newport Bluffs Loan was originated on October 5, 2006 and has a principal balance as of the Cut-Off Date of $132,000,000. The Newport Bluffs Loan, which is evidenced by a pari passu note, dated October 5, 2006, is a portion of a whole loan with an original principal balance of $264,000,000. The other loan related to the Newport Bluffs Loan is evidenced by one separate note, dated October 5, 2006 (the "Newport Bluffs Pari Passu Companion Loan" and, collectively with the Newport Bluffs Loan and the Newport Bluffs Future Pari Passu Companion Loan, if applicable, the "Newport Bluffs Whole Loan"), with an original balance of $132,000,000. Further, the related Mortgage Loan documents permit the related borrower to obtain future debt that will be pari passu in right of entitlement of payment with each of the Newport Bluffs Loan and the Newport Bluffs Pari Passu Companion Loan (the "Newport Bluffs Future Pari Passu Companion Loan"), subject to the satisfaction of certain financial conditions set forth in the related Mortgage Loan documents, including but not limited to (i) the loan-to-value immediately following the closing of the Newport Bluffs Future Pari Passu Companion Loan based on the aggregate principal balance of the Newport Bluffs Loan, the Newport Bluffs Pari Passu Companion Loan and the Newport Bluffs Future Pari Passu Companion is no greater than 65% during the first 60 months of the term of the Newport Bluffs Loan, and no greater than 60% anytime thereafter and (ii) the debt service coverage ratio, which will be calculated on the basis of the Newport Bluffs Loan, the Newport Bluffs Pari Passu Companion Loan and the Newport Bluffs Future Pari Passu Companion Loan immediately following the closing of the Newport Bluffs Future Pari Passu Companion Loan, will no be less than 1.30x during the first 60 months of the Newport Bluffs Loan term, and no less than 1.35x anytime thereafter, as well as written confirmation from the Rating Agencies that any ratings of the Certificates will not, as a result of the Newport Bluffs Future Pari Passu Companion Loan, be downgraded, qualified or withdrawn. The Newport Bluffs Loan and the Newport Bluffs Pari Passu Companion Loan are governed by an intercreditor and servicing agreement and will be serviced pursuant to the terms of the pooling and servicing agreement relating to the Wachovia Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2006-C28 transaction, as described under "DESCRIPTION OF THE MORTGAGE POOL--Co-Lender Loans" and "--Servicing of the Newport Bluffs Loan" in the Prospectus Supplement. The Newport Bluffs Loan provides for interest-only payments for the entire loan term. o The Newport Bluffs Loan has a remaining term of 118 months and matures on October 11, 2016. The Newport Bluffs Loan may be prepaid at any time with payment of the greater of yield maintenance or 1.0% of the prepaid amount through and including June 11, 2016. In lieu of the yield maintenance premium, the Newport Bluffs Loan permits defeasance with United States government obligations beginning two years after the Closing Date. o THE BORROWER. The borrower is Newport Bluffs LLC, a special purpose entity. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the Newport Bluffs Whole Loan. The sponsor of the borrower is The Irvine Company, a 140-year old privately held real estate investment company that plans and develops communities on the Irvine Ranch in Orange County, California. The company owns office, apartment and retail properties on the Irvine Ranch and in Silicon Valley, West Los Angeles and North San Diego, California. The Irvine Company maintains a portfolio of approximately 400 office buildings, 39 retail centers, 80 apartment communities, 12 hotels, five marinas and three golf clubs, along with 44,000 acres of undeveloped land from the original tract. The company has earned international recognition for its planning, design, architecture and landscaping in its villages in Irvine, California and parts of the neighboring cities of Newport Beach, Tustin, Laguna Beach and Orange County, California. o THE PROPERTY. The Mortgaged Property is a 1,052-unit multifamily complex consisting of 52 three-story buildings situated on approximately 57.7 acres. The Mortgaged Property was constructed in 1999. The Mortgaged Property is located in Newport Beach, California within the Los Angeles-Long Beach-Santa Ana, California metropolitan statistical area. Individual unit amenities include a private patio or balcony, in-home washers and dryers, gourmet kitchens and high-speed internet. Project amenities at the Mortgaged Property include a gated community, three resort-style pools with spas, tiered sundecks with private cabanas, clubhouse with catering kitchen and courtyard, outdoor fireplace and barbeque areas, two tennis courts, fitness center with cardiovascular, exercise and weight-training equipment, multi-use aerobics area, private surround-sound movie theater and fully-equipped executive business center. As of September 25, 2006, the occupancy rate for the Mortgaged Property securing the Newport Bluffs Loan was approximately 94.3%. o LOCK BOX ACCOUNT. The related Mortgage Loan documents do not require a lockbox account. o PROPERTY MANAGEMENT. Irvine Community Development Co. LLC, an affiliate of the sponsor, is the property manager for the Mortgaged Property securing the Newport Bluffs Loan. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 51 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- THIS PAGE INTENTIONALLY LEFT BLANK This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 52 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- RENAISSANCE TOWER OFFICE BUILDING - -------------------------------------------------------------------------------- [PHOTO OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 53 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- RENAISSANCE TOWER OFFICE BUILDING - -------------------------------------------------------------------------------- [MAP OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 54 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- RENAISSANCE TOWER OFFICE BUILDING - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $129,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 3.8% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Acquisition SPONSOR Joseph Moinian, Henry Shahery TYPE OF SECURITY Both MORTGAGE RATE 5.850% MATURITY DATE November 11, 2016 AMORTIZATION TYPE Balloon INTEREST ONLY PERIOD 60 ORIGINAL TERM / AMORTIZATION 120 / 360 REMAINING TERM / AMORTIZATION 119 / 360 LOCKBOX Yes UP-FRONT RESERVES TAX/INSURANCE Yes REPLACEMENT $1,500,000 TI/LC $10,000,000 OUTSTANDING TI/LC(1) $6,402,183 ONGOING ANNUAL RESERVES TAX/INSURANCE Yes REPLACEMENT(2) Springing GROUND RENT $119,443 ADDITIONAL FINANCING B-Note $15,000,000 TRUST ASSET WHOLE MORTGAGE LOAN ------------ ------------------- CUT-OFF DATE BALANCE $129,000,000 $144,000,000 CUT-OFF DATE BALANCE/SF $ 75 $ 83 CUT-OFF DATE LTV 79.9% 89.2% MATURITY DATE LTV 74.6% 83.8% UW DSCR ON NCF 1.34x 1.14x - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION Dallas, TX PROPERTY TYPE Office -- CBD SIZE (SF) 1,729,294 OCCUPANCY AS OF OCTOBER 2, 2006 72.4% YEAR BUILT / YEAR RENOVATED 1974 / 1991 APPRAISED VALUE $161,355,000 PROPERTY MANAGEMENT Trammel Crow UW ECONOMIC OCCUPANCY 84.7% UW REVENUES $28,717,301 UW TOTAL EXPENSES $15,335,906 UW NET OPERATING INCOME (NOI) $13,381,395 UW NET CASH FLOW (NCF) $12,282,034 - -------------------------------------------------------------------------------- (1) Funded up-front for the landlord's currently outstanding TI/LC obligations with respect to certain tenants. (2) Ongoing monthly replacement reserves of $21,616 will be required when the up-front replacement reserve account balance falls below $1,000,000. The reserve is capped at $2,500,000. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 55 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- RENAISSANCE TOWER OFFICE BUILDING - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- TENANT SUMMARY - -------------------------------------------------------------------------------- % OF NET % OF TOTAL RATINGS(1) NET RENTABLE RENTABLE BASE RENT ANNUAL BASE ANNUAL BASE LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA PSF RENT RENT EXPIRATION - ------------------------------- ----------------- ------------ -------- --------- ----------- ----------- ------------------ MAJOR TENANTS Blockbuster Inc. ........... B-/NR/NR 247,862 14.3% $11.89 $ 2,947,912 15.5% June 2017 Winstead Sechrest .......... NR/NR/NR 200,348 11.6 $16.57 3,318,778 17.4 December 2012 Southwest Securities ....... NR/NR/NR 165,411 9.6 $17.64 2,918,360 15.3 Multiple Spaces(2) The Neiman - Marcus Group .. NR/NR/NR 127,361 7.4 $11.57 1,473,284 7.7 July 2014 Godwin Pappas Langle ....... NR/NR/NR 123,534 7.1 $20.46 2,527,720 13.3 October 2013 --------- ----- ----------- ----- TOTAL MAJOR TENANTS ........ 864,516 50.0% $15.25 $13,186,053 69.3% NON-MAJOR TENANTS ............. 388,265 22.5 $15.06 5,847,477 30.7 --------- ----- ----------- ----- OCCUPIED TOTAL ................ 1,252,781 72.4% $15.19 $19,033,530 100.0% VACANT SPACE .................. 476,513 27.6 =========== ===== --------- ----- PROPERTY TOTAL ................ 1,729,294 100.0% ========= ===== (1) Certain ratings are those of the parent whether or not the parent guarantees the lease. (2) Under the terms of multiple leases, approximately 2,223 square feet expire in May 2008, approximately 3,760 square feet expire in May 2013 and approximately 159,428 square feet expire in December 2020. - -------------------------------------------------------------------------------- LEASE EXPIRATION SCHEDULE - -------------------------------------------------------------------------------- CUMULATIVE CUMULATIVE # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF % OF SF % OF BASE % OF BASE YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* RENT EXPIRING* RENT EXPIRING* - ------------- ------------- ----------------- ---------- --------------- ------------ ---------------- --------------- 2006 2 $33.28 601 0.0% 0.0% 0.1% 0.1% 2007 12 $11.51 42,614 2.5% 2.5% 2.6% 2.7% 2008 7 $16.26 40,823 2.4% 4.9% 3.5% 6.2% 2009 19 $15.65 84,318 4.9% 9.7% 6.9% 13.1% 2010 11 $13.15 50,070 2.9% 12.6% 3.5% 16.6% 2011 12 $17.08 38,480 2.2% 14.9% 3.5% 20.0% 2012 11 $16.72 204,210 11.8% 26.7% 17.9% 37.9% 2013 8 $19.73 153,534 8.9% 35.5% 15.9% 53.9% 2014 12 $12.72 145,010 8.4% 43.9% 9.7% 63.6% 2015 4 $14.54 23,808 1.4% 45.3% 1.8% 65.4% 2016 3 $14.95 34,700 2.0% 47.3% 2.7% 68.1% Thereafter 42 $13.97 434,613 25.1% 72.4% 31.9% 100.0% Vacant 0 NA 476,513 27.6% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 56 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- RENAISSANCE TOWER OFFICE BUILDING - -------------------------------------------------------------------------------- o THE LOAN. The Mortgage Loan (the "Renaissance Tower Office Building Loan") is secured by a fee and leasehold deed to secure debt encumbering an office building located in Dallas, Texas. The Renaissance Tower Office Building Loan represents approximately 3.8% of the Cut-Off Date Pool Balance. The Renaissance Tower Office Building Loan was originated on November 9, 2006 and has a principal balance as of the Cut-Off Date of $129,000,000. The other loan related to the Renaissance Tower Office Building Loan is evidenced by a separate subordinate note, dated November 9, 2006 (the "Renaissance Tower Office Building Subordinate Companion Loan" and, together with the Renaissance Tower Office Building Loan, the "Renaissance Tower Office Building Whole Loan"), with an original principal balance of $15,000,000. The Renaissance Tower Office Building Subordinate Companion Loan will not be an asset of the Trust Fund. The Renaissance Tower Office Building Loan and the Renaissance Tower Office Building Tower Subordinate Companion Loan are governed by an intercreditor and servicing agreement, as described in the Prospectus Supplement under "DESCRIPTION OF THE MORTGAGE POOL -- Co-Lender Loans" and will be serviced pursuant to the terms of the pooling and servicing agreement. The Renaissance Tower Office Building Loan provides for interest-only payments for the first 60 months of its term, and thereafter, fixed monthly payments of principal and interest. The Renaissance Tower Office Building Loan has a remaining term of 119 months and matures on November 11, 2016. The Renaissance Tower Office Building Loan may be prepaid at any time with payment of the greater of yield maintenance or 2.0% of the prepaid amount through and including July 11, 2016. o THE BORROWER. The borrower is Binyan Realty LP, a special purpose entity. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the Renaissance Tower Office Building Loan. The sponsor of the borrower is Joseph Moinian. Mr. Moinian is a New York City-based real estate owner and operator, with numerous office properties in Manhattan as well as additional commercial properties throughout the United States. Mr. Moinian heads the Moinian Group, which has been actively involved in New York commercial real estate for over 15 years, and currently owns and controls a portfolio that exceeds 20 million square feet of office, industrial, retail, residential and hotel properties throughout the United States and abroad. o THE PROPERTY. The Mortgaged Property is an approximately 1,729,294 square foot office building situated on approximately 2.3 acres. The Mortgaged Property was constructed in 1974 and renovated in 1991. The Mortgaged Property is located in Dallas, Texas. As of October 2, 2006, the occupancy rate for the Mortgaged Property securing the Renaissance Tower Office Building Loan was approximately 72.4%. The largest tenant is Blockbuster Inc. ("Blockbuster"), occupying approximately 247,862 square feet, or approximately 14.3% of the net rentable area. Blockbuster is the world's largest video rental chain, with over 9,040 company-owned and franchised stores in 25 countries. As of November 27, 2006, Blockbuster was rated "B-" (S&P). The Blockbuster lease expires in June 2017. The second largest tenant is Winstead Sechrest ("Winstead"), occupying approximately 200,348 square feet, or approximately 11.6% of the net rentable area. Winstead is a law firm, headquartered in Texas, with more than 30 practice areas and seven locations. Winstead represents clients in banking, bankruptcy, corporate/business law, government, intellectual property, labor/employment, litigation, real estate and technology. The Winstead lease expires in December 2012. The third largest tenant is Southwest Securities, occupying approximately 165,411 square feet, or approximately 9.6% of the net rentable area. Under the terms of multiple leases, approximately 2,223 square feet of Southwest Securities space expire in May 2008, approximately 3,760 square feet of space expire in May 2013 and approximately 159,428 square feet of space expire in December 2020. o LOCKBOX ACCOUNT. All tenant payments due under the applicable leases are deposited into a mortgagee-designated lockbox account. o MANAGEMENT. Trammell Crow is the property manager for the Mortgaged Property securing the Renaissance Tower Office Building Loan. Trammell Crow is a diversified commercial real estate services company, with approximately 6,800 employees. As of March 31, 2006, Trammell Crow managed and/or leased approximately 545 million square feet of space for its user and investor customers. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 57 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- THIS PAGE INTENTIONALLY LEFT BLANK This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 58 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- 21 - 25 WEST 34TH STREET - -------------------------------------------------------------------------------- [PHOTO OMITTED] Artist's rendering. Mortgaged Property yet to be constructed. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 59 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- 21 - 25 WEST 34TH STREET - -------------------------------------------------------------------------------- [MAP OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 60 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- 21 - 25 WEST 34TH STREET - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $100,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 3.0% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance SPONSOR SL Green TYPE OF SECURITY Fee MORTGAGE RATE 5.760% MATURITY DATE December 11, 2016 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 120 ORIGINAL TERM / AMORTIZATION 120 / IO REMAINING TERM / AMORTIZATION 120 / IO LOCKBOX Yes UP-FRONT RESERVES DEBT SERVICE(1) $1,592,250 ONGOING ANNUAL RESERVES None ADDITIONAL FINANCING Mezzanine Debt $28,645,828 CUT-OFF DATE BALANCE $100,000,000 CUT-OFF DATE BALANCE/SF(2) $3,584 CUT-OFF DATE LTV 80.0% MATURITY DATE LTV 80.0% UW DSCR ON NCF 1.04x - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION New York, NY PROPERTY TYPE Retail -- Single Tenant SIZE (SF)(2) 27,900 OCCUPANCY AS OF SEPTEMBER 1, 2006 100.0% YEAR BUILT / YEAR RENOVATED(3) 2008 / NA APPRAISED VALUE $125,000,000 PROPERTY MANAGEMENT Green Broadway/34 Investment LLC and Green West 34th Investment, LLC UW ECONOMIC OCCUPANCY 99.0% UW REVENUES(4) $6,071,126 UW TOTAL EXPENSES $60,711 UW NET OPERATING INCOME (NOI) $6,010,414 UW NET CASH FLOW (NCF) $6,006,229 - -------------------------------------------------------------------------------- (1) Upon origination of the 21 -- 25 West 34th Street Loan, the borrower was required to post a debt service reserve in order to cover shortfalls in the cash flow occurring in the initial years of the lease term. (2) The square footage of the Mortgaged Property is a prospective estimate based on the tenant's planned improvements according to the appraisal of the Mortgaged Property. (3) According to the appraisal of the Mortgaged Property, the collateral improvements are planned for completion by January 1, 2008. (4) Underwritten revenues are based on the average of the annual rental payments owed by the tenant for the term of the 21 -- 25 West 34th Street Loan. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 61 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- 21 - 25 WEST 34TH STREET - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- TENANT SUMMARY - -------------------------------------------------------------------------------- RATINGS NET RENTABLE % OF NET BASE RENT ANNUAL % OF TOTAL ANNUAL TENANT S&P/MOODY'S/FITCH AREA (SF)* RENTABLE AREA PSF BASE RENT BASE RENT LEASE EXPIRATION - ----------------------- ----------------- ------------ ------------- --------- ---------- ----------------- ---------------- MAJOR TENANT Apple Computer, Inc. NR/NR/NR 27,900 100.0% $219.80 $6,132,450 100.0% January 2022 ------ ----- ---------- ----- PROPERTY TOTAL 27,900 100.0% $219.80 $6,132,450 100.0% ====== ===== ========== ===== * The square footage of the Mortgaged Property is a prospective estimate based on the tenant's planned improvements according to the property appraisal. - -------------------------------------------------------------------------------- LEASE EXPIRATION SCHEDULE - -------------------------------------------------------------------------------- # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF CUMULATIVE % OF SF % OF BASE RENT CUMULATIVE % OF BASE YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* EXPIRING* RENT EXPIRING* - -------- ----------- --------------- -------- ------------- ------------------ -------------- -------------------- 2022 1 $219.80 27,900 100.0% 100.0% 100.0% 100.0% Vacant 0 NA 0 0.0% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by the tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 62 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- 21 - 25 WEST 34TH STREET - -------------------------------------------------------------------------------- o THE LOAN. The Mortgage Loan (the "21 - 25 West 34th Street Loan") is secured by a first mortgage encumbering a proposed retail building located in New York, New York. The 21 - 25 West 34th Street Loan represents approximately 3.0% of the Cut-Off Date Pool Balance. The 21 - 25 West 34th Street Loan was originated on November 21, 2006 and has a principal balance as of the Cut-Off Date of $100,000,000. The 21 - 25 West 34th Street Loan provides for interest-only payments for its entire term. The 21 - 25 West 34th Street Loan has a remaining term of 120 months and matures on December 11, 2016. The 21 - 25 West 34th Street Loan may be prepaid on or after October 11, 2016, and permits defeasance with United States government obligations beginning two years after the Closing Date. o THE BORROWERS. The borrowers are 21 West 34 Owner LLC and 25-27 West 34 Owner LLC, each a special purpose entity. Legal counsel to the borrowers delivered a non-consolidation opinion in connection with the origination of the 21 - 25 West 34th Street Loan. The sponsor of the borrowers is SL Green Realty Corp. ("SL Green"). SL Green, a real estate investment trust, engages in the ownership, management, acquisition, leasing, and repositioning of commercial office properties in New York. According to the company website, its portfolio includes interests in 29 properties aggregating over 17 million square feet. The company also owns interests in five retail properties encompassing approximately 168,000 square feet and one residential redevelopment property encompassing approximately 220,000 square feet. o THE PROPERTY. Pursuant to the terms of an executed, triple-net lease agreement, the borrowers are obligated to demolish the existing office buildings located at the Mortgaged Property and deliver the premises to the tenant, Apple Computer, Inc. ("Apple") on or promptly after the rent commencement date of February 1, 2007. Beginning in February 2007, Apple will be required to make the rental payments as described in such executed lease agreement. Apple is obligated to construct a proposed two- or three-story retail building, planned to be approximately 27,900 square feet, on the 0.2-acre parcel after demolition by the borrowers and delivery of the premises to Apple. As of November 17, 2006, the Mortgaged Property was 100.0% leased. It is expected that the sole tenant, Apple, will occupy the entire net rentable area. Apple designs, manufactures and markets personal computers, digital music players, software, services, peripherals and networking solutions. Apple's products and services include the Macintosh line of desktop and notebook computers, the iPod digital music player, the iTunes Music Store and a variety of other service and support offerings. The Apple lease expires in January 2022. o LOCK BOX ACCOUNT. All tenant payments due under the tenant's lease are deposited into a mortgagee-designated lockbox account. o MANAGEMENT. Green Broadway/34 Investment LLC and Green West 34th Investment, LLC, affiliates of the sponsor, are the property managers for the Mortgaged Property securing the 21 - 25 West 34th Street Loan. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 63 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- THIS PAGE INTENTIONALLY LEFT BLANK This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 64 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- LA JOLLA INTERNATIONAL APARTMENTS - -------------------------------------------------------------------------------- [PHOTO OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 65 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- LA JOLLA INTERNATIONAL APARTMENTS - -------------------------------------------------------------------------------- [MAP OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 66 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- LA JOLLA INTERNATIONAL APARTMENTS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Artesia CUT-OFF DATE BALANCE $65,050,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 1.9% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance SPONSOR La Terraza, LLC TYPE OF SECURITY Fee MORTGAGE RATE 5.490% MATURITY DATE December 11, 2016 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 120 ORIGINAL TERM / AMORTIZATION 120 / IO REMAINING TERM / AMORTIZATION 120 / IO LOCKBOX None UP-FRONT RESERVES TAX/INSURANCE Yes ONGOING ANNUAL RESERVES TAX/INSURANCE Yes ADDITIONAL FINANCING None CUT-OFF DATE BALANCE $65,050,000 CUT-OFF DATE BALANCE/UNIT $162,625 CUT-OFF DATE LTV 70.7% MATURITY DATE LTV 70.7% UW DSCR ON NCF 1.22x - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION San Diego, CA PROPERTY TYPE Multifamily - Conventional SIZE (UNITS) 400 OCCUPANCY AS OF NOVEMBER 15, 2006 99.3% YEAR BUILT / YEAR RENOVATED 1986 / NA APPRAISED VALUE $92,000,000 PROPERTY MANAGEMENT The Premiere Residential, LLC UW ECONOMIC OCCUPANCY 95.0% UW REVENUES $6,719,925 UW TOTAL EXPENSES $2,198,258 UW NET OPERATING INCOME (NOI) $4,521,667 UW NET CASH FLOW (NCF) $4,432,467 This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 67 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- LA JOLLA INTERNATIONAL APARTMENTS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- UNIT MIX - -------------------------------------------------------------------------------- APPROXIMATE NO. OF UNIT SIZE APPROXIMATE UNIT MIX UNITS (SF) NRA (SF) % OF NRA MARKET RENT - ---------------- ------ ----------- ----------- -------- ------------- 1 BR/1 BA ...... 200 652 130,400 38.9% $ 1,270 2 BR/2 BA ...... 200 1,025 205,000 61.1 $ 1,664 --- ------- ----- TOTAL/AVERAGE .. 400 839 335,400 100.0% $1,467/$1.75/SF === ======= ===== This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 68 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- LA JOLLA INTERNATIONAL APARTMENTS - -------------------------------------------------------------------------------- o THE LOAN. The Mortgage Loan (the "La Jolla International Apartments Loan") is secured by a first mortgage encumbering a 400-unit multifamily complex located in San Diego, California. The La Jolla International Apartments Loan represents approximately 1.9% of the Cut-Off Date Pool Balance. The La Jolla International Apartments Loan was originated on November 30, 2006 and has a principal balance as of the Cut-Off Date of $65,050,000. The La Jolla International Apartments Loan provides for interest-only payments for its entire term. The La Jolla International Apartments Loan has a remaining term of 120 months and matures on December 11, 2016. The La Jolla International Apartments Loan may be prepaid in whole or in multiples of $100,000 on or after January 11, 2010 with payment of the greater of yield maintenance or 1% of the prepaid amount. In lieu of the yield maintenance premium or 1% of the prepaid amount, the La Jolla International Apartments Loan permits defeasance with United States government obligations beginning two years after the Closing Date. Beginning on October 11, 2016 (the date that is two months prior to the maturity date of the La Jolla International Apartments Loan), the La Jolla International Apartments Loan may be prepaid without defeasance, the payment of yield maintenance premiums or the payment of 1% of the prepaid amount. o THE BORROWER. The borrower is La Jolla International Gardens, a special purpose entity. A non-consolidation opinion was delivered in connection with the origination of the La Jolla International Apartments Loan. The sponsor of the borrower is La Terraza, LLC. The general partner of the borrower is Gardens GP, Inc., and the largest limited partner is Mil Trust U.T.D., the sole shareholder of the general partner. Isidoro Lombrozo is the trustee of Mil Trust U.T.D. and president of the general partner. Mr. Lombrozo is the developer and manager of the La Jolla International Apartments Loan as well as the La Scala Apartments Loan. Mr. Lombrozo is also president of LOMCO, a development and management company, which developed the La Jolla International Apartments in 1986. Mr. Lombrozo also has interests in six Class A multifamily properties with an approximate total of 1,848 units in Phoenix, Arizona. Mr. Lomborzo is also the owner and manager of The Premiere Residential, LLC, the management company which manages the La Jolla International Apartments. o THE PROPERTY. The Mortgaged Property is a 400-unit multifamily complex consisting of 18 three-story buildings situated on approximately 7.4 acres. The Mortgaged Property was constructed in 1986. The Mortgaged Property is located in San Diego, California within the San Diego, California metropolitan statistical area. Individual unit amenities include refrigerators, ranges with hoods, dishwashers and garbage disposals. Project amenities at the Mortgaged Property include an outdoor, in-ground swimming pool and spa pool located in the center courtyard behind the clubhouse. The clubhouse has a full kitchen, fireplace seating area, pool table and fitness room. Other site amenities include landscaping, fountains, barbeques and outdoor seating. A laundry room is located in the clubhouse with card-operated washers and dryers. As of November 15, 2006, the occupancy rate for the Mortgaged Property securing the La Jolla International Apartments Loan was approximately 99.3%. o LOCK BOX ACCOUNT. The related Mortgage Loan documents do not require a lockbox account. o PROPERTY MANAGEMENT. The Premiere Residential, LLC, an affiliate of the sponsor, is the property manager for the Mortgaged Property securing the La Jolla International Apartments Loan. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 69 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- THIS PAGE INTENTIONALLY LEFT BLANK This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 70 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DEER PARK TOWN CENTER - -------------------------------------------------------------------------------- [PHOTO OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 71 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DEER PARK TOWN CENTER - -------------------------------------------------------------------------------- [MAP OMITTED] This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 72 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DEER PARK TOWN CENTER - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $60,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 1.8% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance SPONSOR Prudential Insurance Company of America and DDR Corporation TYPE OF SECURITY Fee MORTGAGE RATE 5.590% MATURITY DATE October 11, 2011 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 60 ORIGINAL TERM / AMORTIZATION 60 / IO REMAINING TERM / AMORTIZATION 58 / IO LOCKBOX None SHADOW RATING (S&P/MOODY'S)(1) AAA/A3 UP-FRONT RESERVES None ONGOING ANNUAL RESERVES TAX/INSURANCE(2) Springing ADDITIONAL FINANCING(3) None CUT-OFF DATE BALANCE $60,000,000 CUT-OFF DATE BALANCE / SF $176 CUT-OFF DATE LTV 46.5% MATURITY DATE LTV 46.5% UW DSCR ON NCF 2.44x - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION Deer Park, IL PROPERTY TYPE Retail -- Anchored SIZE (SF) 340,369 OCCUPANCY AS OF AUGUST 15, 2006(4) 93.8% YEAR BUILT / YEAR RENOVATED 2000 / NA APPRAISED VALUE $129,000,000 PROPERTY MANAGEMENT Developers Diversified Realty Corporation and Poag & McEwen Lifestyle Centers- Management Company, LLC UW ECONOMIC OCCUPANCY 93.6% UW REVENUES $12,056,964 UW TOTAL EXPENSES $3,538,030 UW NET OPERATING INCOME (NOI) $8,518,934 UW NET CASH FLOW (NCF)(4) $8,171,330 - -------------------------------------------------------------------------------- (1) Moody's and S&P have confirmed that the Deer Park Town Center Loan has, in the context of its inclusion in the mortgage pool, credit characteristics consistent with an investment grade obligation. (2) Ongoing annual deposits to the tax and insurance reserves will be required upon an event of default or upon certain other conditions as specified in the related Mortgage Loan documents. (3) Future mezzanine debt is permitted provided no event of default has occurred and is continuing and subject to a combined maximum loan-to-value ratio of 75.0%. (4) The sponsors have entered into a master lease for approximately 23,871 square feet, with annual rent of $833,000 terminating upon the earlier to occur of (i) the expiration of a 5-year term, running through October 2011, or (ii) the achievement of a net cash flow of $7.7 million. The square footage and rent associated with the master lease are included in the occupancy percentage and the underwritten net cash flow. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 73 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DEER PARK TOWN CENTER - -------------------------------------------------------------------------------- TENANT SUMMARY % OF NET % OF TOTAL RATINGS(1) NET RENTABLE RENTABLE BASE RENT ANNUAL BASE ANNUAL BASE LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA PSF RENT RENT EXPIRATION - ------------------------------- ----------------- ------------ -------- --------- ----------- ----------- ------------------ MAJOR TENANTS Century Theatre .............. B/B3/NR 48,280 14.2% $12.50 $ 603,500 7.2% June 2019 Prudential Master Lease(2) ... NR/NR/NR 23,871 7.0 $34.90 833,000 9.9 October 2011 Gap .......................... BB+/Baa3/BBB- 20,000 5.9 $12.65 253,000 3.0 November 2010 Pottery Barn ................. NR/NR/NR 17,000 5.0 $29.24 497,067 5.9 Multiple Spaces(3) Pier 1 Imports ............... B-/NR/NR 11,994 3.5 $22.00 263,868 3.1 February 2012 ------ ----- ---------- ----- TOTAL NON-MAJOR TENANTS ...... 121,145 35.6% $20.23 $2,450,435 29.1% NON-MAJOR TENANTS ............. 198,208 58.2 $30.08 5,962,714 70.9 ------- ----- ---------- ----- OCCUPIED COLLATERAL TOTAL ..... 319,353 93.8% $26.34 $8,413,149 100.0% ======= ===== ========== ===== IN-LINE VACANT SPACE .......... 21,016 6.2 COLLATERAL TOTAL .............. 340,369 100.0% ======= ===== PROPERTY TOTAL ................ 365,369 ======= (1) Certain ratings are those of the parent company whether or not the parent guarantees the lease. (2) The sponsors have entered into a master lease for approximately 23,871 square feet, with annual rent of $833,000 terminating upon the earlier to occur of (i) the expiration of a 5-year term, running through October 2011, or (ii) the achievement of a net cash flow of $7.7 million. The master lease is guaranteed by an affliate of the sponsor, PRISA Fund II. Crate & Barrel has recently executed a lease for approximately 23,398 square feet, with an annual rent of $725,000 for a 10-year term with rent commencement expected to begin in September 2007. See "RISK FACTORS--Risks Relating to Net Cash Flow" in the Prospectus Supplement. (3) Under the terms of multiple leases, approximately 7,000 square feet expire in January 2012 and approximately 10,000 square feet expire in January 2013. LEASE EXPIRATION SCHEDULE CUMULATIVE % OF CUMULATIVE # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF % OF SF BASE RENT % OF BASE YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* EXPIRING* RENT EXPIRING* - ----------- ----------- --------------- -------- ------------- ---------- --------- -------------- 2006 0 $ 0.00 0 0.0% 0.0% 0.0% 0.0% 2007 1 $20.75 1,792 0.5% 0.5% 0.4% 0.4% 2008 4 $45.19 5,652 1.7% 2.2% 3.0% 3.5% 2009 5 $24.14 10,307 3.0% 5.2% 3.0% 6.4% 2010 17 $24.57 69,173 20.3% 25.5% 20.2% 26.6% 2011 20 $31.52 103,973 30.5% 56.1% 39.0% 65.6% 2012 2 $24.67 18,994 5.6% 61.7% 5.6% 71.2% 2013 6 $30.70 30,300 8.9% 70.6% 11.1% 82.2% 2014 2 $31.36 3,795 1.1% 71.7% 1.4% 83.6% 2015 2 $41.48 3,614 1.1% 72.7% 1.8% 85.4% 2016 4 $28.74 14,307 4.2% 76.9% 4.9% 90.3% Thereafter 3 $14.20 57,446 16.9% 93.8% 9.7% 100.0% Vacant 0 NA 21,016 6.2% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 74 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DEER PARK TOWN CENTER - -------------------------------------------------------------------------------- o THE LOAN. The Mortgage Loan (the "Deer Park Town Center Loan") is secured by a first mortgage encumbering an anchored retail center located in Deer Park, Illinois. The Deer Park Town Center Loan represents approximately 1.8% of the Cut-Off Date Pool Balance. The Deer Park Town Center Loan was originated on September 29, 2006 and has a principal balance as of the Cut-Off Date of $60,000,000. The Deer Park Town Center Loan provides for interest-only payments for its entire term. The Deer Park Town Center Loan has a remaining term of 58 months and matures on October 11, 2011. The Deer Park Town Center Loan may be prepaid at any time with the payment of the greater of yield maintenance or 1.0% of the prepaid amount through and including March 11, 2011 and may be prepaid without the payment of a yield maintenance premium or penalty on or after April 11, 2011. In lieu of the yield maintenance premium, the Deer Park Town Center Loan permits defeasance with United States government obligations beginning two years after the Closing Date. o THE BORROWER. The borrower is DDR Deer Park Town Center LLC, a special purpose entity. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the Deer Park Town Center Loan. The sponsors of the borrower are Prudential Financial Inc. ("Prudential"), through its real estate investment management businesses, Prudential Real Estate Investors ("PREI") and Developers Diversified Realty Corporation ("DDR"). PREI has more than 36 years of experience in private investing and more than 270 associates located in four offices across the United States. As of November 28, 2006, Prudential was rated "A" (S&P), "A3" (Moody's) and "A" (Fitch). DDR is a publicly-traded REIT that engages in acquiring, developing, redeveloping, owning, leasing and managing shopping centers, mini-malls and lifestyle centers. As of February 2006, DDR owned or managed approximately 470 retail properties in 44 states and Puerto Rico. As of November 28, 2006, DDR was rated "BBB" (S&P), "Baa2" (Moody's) and "BBB" (Fitch). o THE PROPERTY. The Mortgaged Property is an approximately 340,369 square foot anchored retail center situated on approximately 73.2 acres. The Mortgaged Property was built in 2000. The Mortgaged Property is located in Deer Park, Illinois within the Chicago-Naperville-Joliet, IL-IN-WI metropolitan statistical area. As of August 15, 2006, the occupancy rate for the Mortgaged Property securing the Deer Park Town Center Loan was approximately 93.8%, which includes the master lease entered into by an affiliate of the sponsor. The largest tenant is Century Theatre ("Century"), occupying approximately 48,280 square feet, or approximately 14.2% of the net rentable area. Founded in 1941, Century is a movie theatre chain in North America with over 1,000 screens in 12 states and approximately 250 new screens in development over the next three years. As of November 27, 2006, Century was rated "B" (S&P) and "B3" (Moody's). The Century lease expires in June 2019. The second largest tenant is the Prudential Master Lease, guaranteed by an affiliate of the sponsor, PRISA Fund II, for approximately 23,871 square feet. The Prudential Master Lease provides for annual rent of $833,000 terminating upon the earlier to occur of (i) the expiration of a 5-year term, running through October 2011, or (ii) the achievement of a net cash flow of $7.7 million. Crate & Barrel has recently executed a lease for approximately 23,398 square feet, with an annual rent of $725,000 for a 10-year term with rent commencement expected to begin in September 2007. The third largest tenant is The Gap, Inc. ("Gap"), occupying approximately 20,000 square feet, or approximately 5.9% of the net rentable area. Gap is a global specialty retailer operating stores selling casual apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic and Old Navy Brands. The company operates over 3,000 stores worldwide. As of November 27, 2006, Gap was rated "BB+" (S&P), "Baa3" (Moody's) and "BBB-" (Fitch). The Gap lease expires in November 2010. o LOCK BOX ACCOUNT. The related Mortgage Loan documents do not require a lockbox account. o MANAGEMENT. DDR and Poag & McEwen Lifestyle Centers--Management Company, LLC ("P&M") are the property managers for the Mortgaged Property securing the Deer Park Town Center Loan. P&M was founded in 1987, and originally developed the Mortgaged Property with DDR in 2000. P&M develops, manages and leases lifestyle centers and has developed or is in the process of developing over 12 properties in eight states. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 75 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DAKOTA SQUARE MALL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $58,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 1.7% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance SPONSOR Lightstone Holdings, LLC TYPE OF SECURITY Fee MORTGAGE RATE 5.889093% MATURITY DATE November 11, 2016 AMORTIZATION TYPE Balloon INTEREST ONLY PERIOD 24 ORIGINAL TERM / AMORTIZATION 120 / 360 REMAINING TERM / AMORTIZATION 119 / 360 LOCKBOX Yes UP-FRONT RESERVES TAX/INSURANCE Yes RECONFIGURATION RESERVE(1) $9,868,991 ONGOING ANNUAL RESERVES TAX/INSURANCE Yes REPLACEMENT $83,334 TI/LC $390,629 ADDITIONAL FINANCING B-Note $3,623,904 TRUST ASSET WHOLE MORTGAGE LOAN ----------- ------------------- CUT-OFF DATE BALANCE $58,000,000 $61,623,904 CUT-OFF DATE BALANCE/SF $ 84 $ 89 CUT-OFF DATE LTV 80.0% 85.0% MATURITY DATE LTV 70.7% 75.5% UW DSCR ON NCF 1.30x 1.17x - -------------------------------------------------------------------------------- [PHOTO OMITTED] - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION Minot, ND PROPERTY TYPE(2) Retail -- Anchored SIZE (SF)(2) 693,626 OCCUPANCY AS OF SEPTEMBER 1, 2006(2) 91.5% YEAR BUILT / YEAR RENOVATED 1979 / 2004 APPRAISED VALUE $72,500,000 PROPERTY MANAGEMENT Prime Retail Property Management LLC UW ECONOMIC OCCUPANCY 92.5% UW REVENUES $9,219,291 UW TOTAL EXPENSES $3,421,560 UW NET OPERATING INCOME (NOI) $5,797,731 UW NET CASH FLOW (NCF) $5,348,106 - -------------------------------------------------------------------------------- (1) Funds escrowed for current tenant relocations in connection with the tenant reconfiguration. See "Reconfiguration" below. (2) The collateral includes an additional out-parcel improved with a 126-room Sleep Inn and Suites. While the borrower is entitled to rents under a ground lease with respect to such collateral, the improvements were not included for purposes of determining the occupancy rate, property size or property type. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 76 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DAKOTA SQUARE MALL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- TENANT SUMMARY(1) - -------------------------------------------------------------------------------- % OF NET % OF TOTAL RATINGS(2) NET RENTABLE RENTABLE BASE RENT ANNUAL ANNUAL BASE LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA PSF BASE RENT RENT EXPIRATION - ------------------------------------ ----------------- ------------ -------- --------- ---------- ----------- ------------- ANCHOR TENANTS - ANCHOR OWNED Target A+/A1/A+ 100,000 ANCHOR OWNED- NOT PART OF COLLATERAL ------- TOTAL ANCHOR OWNED 100,000 OUT PARCEL TENANTS - COLLATERAL(3) Miracle Mart (Ground Lease) NR/NR/NR 52,778 8.9% $ 6.02 $ 317,628 6.1% December 2008 Best Buy (Ground Lease) BBB/NR/BBB+ 20,184 3.4 $12.19 246,000 4.7 January 2016 Paradiso (Ground Lease) NR/NR/NR 6,625 1.1 $ 4.08 27,000 0.5 December 2009 McDonald's (Ground Lease) A/A2/A 3,923 0.7 $ 5.74 22,500 0.4 November 2007 ------- ----- ---------- ----- TOTAL OUT PARCEL TENANTS 83,510 14.1% $ 7.34 $ 613,128 11.7% ANCHOR TENANTS - COLLATERAL J.C. Penney BBB-/Baa3/BBB 105,870 17.8% $ 3.24 $ 343,019 6.5% March 2010 Sears BB+/NR/BB 81,296 13.7 $ 3.25 264,212 5.0 October 2008 Herbergers B+/B3/CCC 52,468 8.8 $ 3.27 171,570 3.3 January 2008 ------- ----- ---------- ----- TOTAL ANCHOR TENANTS - COLLATERAL 239,634 40.4% $ 3.25 $ 778,801 14.8% MAJOR TENANTS Carmike Nine NR/NR/NR 31,377 5.3% $16.72 $ 524,623 10.0% May 2019 Scheel's All Sports NR/NR/NR 26,135 4.4 $13.00 339,755 6.5 January 2008 Osco Drug (CVS) BBB+/Baa2/BBB 15,806 2.7 $11.00 173,866 3.3 March 2010 Old Navy BB+/Baa3/BBB- 12,305 2.1 $11.50 141,508 2.7 June 2007 Eddie Bauer NR/B2/NR 6,538 1.1 $14.97 97,874 1.9 January 2009 ------- ----- ---------- ----- TOTAL MAJOR TENANTS 92,161 15.5% $13.86 $1,277,626 24.4% NON-MAJOR TENANTS 118,996 20.0 $26.81 3,189,836 60.8 ------- ----- ---------- ----- OCCUPIED COLLATERAL TOTAL 534,301 90.0% $ 9.82 $5,246,263 100.0% ======= ===== ========== ===== VACANT SPACE 59,325 10.0 COLLATERAL TOTAL 593,626 100.0% ======= ===== PROPERTY TOTAL 693,626 ======= (1) Reflects the in-place tenant composition prior to any on-going tenant reconfiguration. (2) Certain ratings are those of the parent company whether or not the parent guarantees the lease. (3) The collateral includes an additional out parcel improved with a 126-room Sleep Inn and Suites. While the borrower is entitled to rents under a ground lease with respect to such collateral, the improvements were not included for purposes of determining the occupancy rate or property size. o RECONFIGURATION. The sponsor is currently expanding and reconfiguring the tenant spaces at the Mortgaged Property in order to accommodate, among other things, a newly executed lease to Barnes and Noble for approximately 28,000 square feet, a significant expansion of the Scheele All Sports space, pursuant to an executed lease for approximately 50,000 square feet, and an expansion of the total tenant space of approximately 10,700 square feet. In order to effectuate such expansion and reconfiguration, approximately nine in-line tenants must be relocated to spaces that the sponsor either intentionally kept vacant or are otherwise occupied by a temporary tenant. The sponsor expects that all expansions and relocations will be completed in the first quarter of 2007 and that all tenants will occupy their new space and be paying rent as of approximately October 2007. Upon origination of the Mortgage Loan, the borrower was required to deposit approximately $9,869,000, which represents the amount required to complete the structural modifications, tenant improvements and other capital costs to be incurred during the tenant expansion and reconfiguration. In addition, an affiliate of the sponsor, Lightstone Holdings, LLC, was required to provide a full completion guarantee. It is expected that upon completion of the expansion and reconfiguration and relocation of the affected tenants, the occupancy rate for the Mortgaged Property securing the Dakota Square Mall Loan will be approximately 95.0%. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 77 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- DAKOTA SQUARE MALL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LEASE EXPIRATION SCHEDULE(1) - -------------------------------------------------------------------------------- CUMULATIVE % OF CUMULATIVE # OF LEASES WA BASE RENT/ TOTAL SF % OF TOTAL SF % OF SF BASE RENT % OF BASE RENT YEAR EXPIRING SF EXPIRING EXPIRING EXPIRING(2) EXPIRING(2) EXPIRING(2) EXPIRING(2) - ------------ ----------- ------------- -------- ------------- ----------- ----------- -------------- 2006 2 $23.27 6,444 0.9% 0.9% 2.9% 2.9% 2007 6 $13.04 22,918 3.3% 4.2% 5.7% 8.6% 2008 11 $ 5.98 230,432 33.2% 37.5% 26.3% 34.8% 2009 12 $19.33 28,864 4.2% 41.6% 10.6% 45.5% 2010 4 $ 4.56 123,396 17.8% 59.4% 10.7% 56.2% 2011 8 $18.07 23,926 3.4% 62.9% 8.2% 64.4% 2012 8 $21.91 19,687 2.8% 65.7% 8.2% 72.7% 2013 5 $19.62 12,973 1.9% 67.6% 4.9% 77.5% 2014 4 $35.50 3,542 0.5% 68.1% 2.4% 79.9% 2015 3 $20.22 6,523 0.9% 69.0% 2.5% 82.4% 2016 2 $12.93 21,685 3.1% 72.1% 5.3% 87.8% Thereafter 4 $ 4.79 133,911 19.3% 91.4% 12.2% 100.0% Vacant 0 $ 0.00 59,325 8.6% 100.0% 0.0% 100.0% (1) Reflects the in-place tenant composition prior to any on-going tenant reconfiguration. (2) Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 78 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 THIS PAGE INTENTIONALLY LEFT BLANK This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 79 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- LA SCALA APARTMENTS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Artesia CUT-OFF DATE BALANCE $57,150,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 1.7% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance SPONSOR LaTerraza, LLC & Scala GP, Inc. TYPE OF SECURITY Fee MORTGAGE RATE 5.490% MATURITY DATE December 11, 2016 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 120 ORIGINAL TERM / AMORTIZATION 120/IO REMAINING TERM / AMORTIZATION 120/IO LOCKBOX None UP-FRONT RESERVES TAX/INSURANCE Yes ONGOING ANNUAL RESERVES TAX/INSURANCE Yes ADDITIONAL FINANCING None CUT-OFF DATE BALANCE $57,150,000 CUT-OFF DATE BALANCE/UNIT $161,441 CUT-OFF DATE LTV 70.1% MATURITY DATE LTV 70.1% UW DSCR ON NCF 1.23x - -------------------------------------------------------------------------------- [PHOTO OMITTED] - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION San Diego, CA PROPERTY TYPE Multifamily - Conventional SIZE (UNITS) 354 OCCUPANCY AS OF NOVEMBER 15, 2006 98.6% YEAR BUILT / YEAR RENOVATED 1989 / NA APPRAISED VALUE $81,500,000 PROPERTY MANAGEMENT The Premiere Residential, LLC UW ECONOMIC OCCUPANCY 95.0% UW REVENUES $6,044,341 UW TOTAL EXPENSES $2,069,218 UW NET OPERATING INCOME (NOI) $3,975,123 UW NET CASH FLOW (NCF) $3,901,491 - -------------------------------------------------------------------------------- This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 80 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- LA SCALA APARTMENTS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- UNIT MIX - -------------------------------------------------------------------------------- UNIT MIX NO. OF UNITS APPROXIMATE UNIT SIZE (SF) APPROXIMATE NRA (SF) % OF NRA MARKET RENT - ----------------------- ------------ -------------------------- -------------------- -------- ---------------- Studio ................ 18 600 10,800 3.8% $ 1,175 1 BR/1 BA ............. 164 640 104,960 36.5 $ 1,330 2 BR/2 BA ............. 172 999 171,828 59.7 $ 1,724 --- ------- ----- TOTAL/AVERAGE ......... 354 812 287,588 100.0% $ 1,514/$1.86/SF === ======= ===== This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 81 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- PENWOOD CROSSING MHP - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $56,800,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 1.7% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Acquisition SPONSOR Frank T. Perano TYPE OF SECURITY Fee MORTGAGE RATE 5.790% MATURITY DATE November 11, 2016 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 120 ORIGINAL TERM/AMORTIZATION 120/IO REMAINING TERM/AMORTIZATION 119/IO LOCKBOX None UP-FRONT RESERVES TAX/INSURANCE Yes ONGOING ANNUAL RESERVES TAX/INSURANCE Yes REPLACEMENT $10,790 ADDITIONAL FINANCING None CUT-OFF DATE BALANCE $56,800,000 CUT-OFF DATE BALANCE/PAD $52,641 CUT-OFF DATE LTV 80.0% MATURITY DATE LTV 80.0% UW DSCR ON NCF 1.33x - -------------------------------------------------------------------------------- [PHOTO OMITTED] - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION Morrisville, PA PROPERTY TYPE Mobile Home Park SIZE (PADS) 1,079 OCCUPANCY AS OF OCTOBER 25, 2006 92.8% YEAR BUILT/YEAR RENOVATED 1971/NA APPRAISED VALUE $71,000,000 PROPERTY MANAGEMENT PWC Management LLC UW ECONOMIC OCCUPANCY 93.6% UW REVENUES $6,498,856 UW TOTAL EXPENSES $2,130,243 UW NET OPERATING INCOME (NOI) $4,368,613 UW NET CASH FLOW (NCF) $4,357,823 - -------------------------------------------------------------------------------- This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 82 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 THIS PAGE INTENTIONALLY LEFT BLANK This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 83 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- ALHAMBRA TOWERS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $52,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 1.5% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance SPONSOR W. Allen Morris TYPE OF SECURITY Fee MORTGAGE RATE 5.880% MATURITY DATE November 11, 2016 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 120 ORIGINAL TERM / AMORTIZATION 120 / IO REMAINING TERM / AMORTIZATION 119 / IO LOCKBOX None UP-FRONT RESERVES TI/LC $250,000 CISNEROS TI(1) $1,155,186 ANDOLINO CEMENTS TI(1) $258,808 CISNEROS HOLDBACK(2) $415,000 ONGOING ANNUAL RESERVES TAX/INSURANCE(3) Springing TI/LC(4) $190,000 REPLACEMENT(5) Springing ADDITIONAL FINANCING(6) None CUT-OFF DATE BALANCE $52,000,000 CUT-OFF DATE BALANCE/SF $298 CUT-OFF DATE LTV 80.0% MATURITY DATE LTV 80.0% UW DSCR ON NCF 1.21x - -------------------------------------------------------------------------------- [PHOTO OMITTED] - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION Coral Gables, FL PROPERTY TYPE Office -- Suburban SIZE (SF) 174,310 OCCUPANCY AS OF OCTOBER 10, 2006 95.4% YEAR BUILT/YEAR RENOVATED 2002 / NA APPRAISED VALUE $65,000,000 PROPERTY MANAGEMENT The Allen Morris Commerical Real Estate Services Company UW ECONOMIC OCCUPANCY 95.0% UW REVENUES $6,613,781 UW TOTAL EXPENSES $2,660,350 UW NET OPERATING INCOME (NOI) $3,953,431 UW NET CASH FLOW (NCF) $3,688,758 - -------------------------------------------------------------------------------- (1) In the event certain conditions as described in the related Mortgage Loan documents are not satisfied by December 31, 2007, all funds will be held as additional collateral. (2) Provided that no event of default shall have occurred and be continuing, the Cisneros Holdback Reserve will be released upon (i) evidence of Finser Corporation's (Cisneros) occupancy, (ii) payment of unabated rent and (iii) the receipt by the mortgagee of an estoppel certificate. (3) Ongoing annual tax and insurance reserves will be required upon an event of default or upon certain other conditions as specified in the related Mortgage Loan documents. (4) The borrower will escrow $190,000 annually over the first five years for general tenant improvement and leasing commissions. The escrow balance will be $1.2 million at the end of the fifth year of the Alhambra Towers Loan, which will be released upon providing evidence at the end of 2012 that the Mortgaged Property's net operating income is greater than or equal to the underwritten net operating income. If this condition is not met, quarterly net operating income tests will commence. (5) Ongoing monthly deposits of $1,446 to the replacement reserve will be required upon an event of default. (6) Future mezzanine debt is permitted subject to a combined maximum loan-to-value ratio of 85.0% and a combined minimum debt service coverage ratio of 1.10x. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 84 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- ALHAMBRA TOWERS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- TENANT SUMMARY - -------------------------------------------------------------------------------- RATINGS % OF S&P/ NET % OF NET TOTAL MOODY'S/ RENTABLE RENTABLE BASE RENT ANNUAL ANNUAL LEASE TENANT FITCH AREA (SF) AREA PSF BASE RENT BASE RENT EXPIRATION - --------------------------- -------- --------- -------- --------- ---------- --------- ------------- MAJOR TENANTS INBM NR/NR/NR 59,041 33.9% $37.53 $2,215,640 36.7% June 2012 Cisneros Group* NR/NR/NR 25,553 14.7 $32.50 830,473 13.7 December 2016 PSEG Global USA, Inc. NR/NR/NR 22,522 12.9 $38.01 856,061 14.2 July 2012 Banco de Credito del NR/NR/NR 14,071 8.1 $36.02 506,837 8.4 January 2013 The Allen Morris Company NR/NR/NR 7,885 4.5 $35.95 283,466 4.7 July 2012 ------ ----- ---------- ----- TOTAL MAJOR TENANTS 129,072 74.0% $36.36 $4,692,477 77.7% NON-MAJOR TENANTS 37,267 21.4 $36.18 1,348,308 22.3 ------- ----- ---------- ----- OCCUPIED TOTAL 166,339 95.4% $36.32 $6,040,784 100.0% VACANT SPACE 7,971 4.6 ========== ===== ------- ----- PROPERTY TOTAL 174,310 100.0% ======= ===== * The related tenant is not yet in occupancy of its space. - -------------------------------------------------------------------------------- LEASE EXPIRATION SCHEDULE - -------------------------------------------------------------------------------- # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF CUMULATIVE % OF SF % OF BASE RENT CUMULATIVE % OF BASE YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* EXPIRING* RENT EXPIRING* - ---------- ----------- ---------------- -------- ------------- ------------------ -------------- --------------------- 2006 0 $ 0.00 0 0.0% 0.0% 0.0% 0.0% 2007 0 $ 0.00 0 0.0% 0.0% 0.0% 0.0% 2008 0 $ 0.00 0 0.0% 0.0% 0.0% 0.0% 2009 0 $ 0.00 0 0.0% 0.0% 0.0% 0.0% 2010 4 $33.95 15,746 9.0% 9.0% 8.8% 8.8% 2011 2 $38.68 4,796 2.8% 11.8% 3.1% 11.9% 2012 10 $37.63 101,874 58.4% 70.2% 63.5% 75.4% 2013 3 $35.74 18,370 10.5% 80.8% 10.9% 86.3% 2014 0 $ 0.00 0 0.0% 80.8% 0.0% 86.3% 2015 0 $ 0.00 0 0.0% 80.8% 0.0% 86.3% 2016 2 $32.50 25,553 14.7% 95.4% 13.7% 100.0% Thereafter 0 $ 0.00 0 0.0% 95.4% 0.0% 100.0% Vacant 0 NA 7,971 4.6% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 85 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- AMLI AT RIVERBEND - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $50,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 1.5% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Acquisition SPONSOR John R. Saunders TYPE OF SECURITY Fee MORTGAGE RATE 5.700% MATURITY DATE October 11, 2016 AMORTIZATION TYPE Balloon INTEREST ONLY PERIOD 60 ORIGINAL TERM / AMORTIZATION 120 / 360 REMAINING TERM / AMORTIZATION 118 / 360 LOCKBOX(1) Springing UP-FRONT RESERVES TAX/INSURANCE Yes REPLACEMENT $1,030,000 DEBT SERVICE $485,000 ONGOING ANNUAL RESERVES TAX/INSURANCE Yes REPLACEMENT(2) Springing DEBT SERVICE(3) Future ADDITIONAL FINANCING(4) Secured Subordinate $20,100,000 CUT-OFF DATE BALANCE $50,000,000 CUT-OFF DATE BALANCE/UNIT $50,201 CUT-OFF DATE LTV 71.9% MATURITY DATE LTV 67.0% UW DSCR ON NCF 1.20x - -------------------------------------------------------------------------------- [PHOTO OMITTED] - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION Indianapolis, IN PROPERTY TYPE Multifamily -- Conventional SIZE (UNITS) 996 OCCUPANCY AS OF SEPTEMBER 12, 2006 93.3% YEAR BUILT / YEAR RENOVATED 1983 / 2001 APPRAISED VALUE $69,550,000 PROPERTY MANAGEMENT CORE Realty Holdings Management, Inc. UW ECONOMIC OCCUPANCY 91.6% UW REVENUES $7,835,004 UW TOTAL EXPENSES $3,432,788 UW NET OPERATING INCOME (NOI) $4,402,216 UW NET CASH FLOW (NCF) $4,178,116 - -------------------------------------------------------------------------------- (1) A lockbox is required (i) upon the occurrence of an event of default or (ii) if the subordinate secured loan has not been fully repaid prior to January 26, 2007. (2) If, at any time during the term of the Mortgage Loan, the balance of the replacement reserve falls below $259,000, the borrower will commence making monthly deposits of $20,333 until such time as the balance in the replacement reserve equals or exceeds the capped amount of $747,000. (3) A future one time deposit to the debt service reserve of $515,000 is required upon the earlier to occur of (i) the final initial TIC transfer or (ii) the expiration of the initial TIC transfer period. (4) Future mezzanine debt is permitted provided that (i) no more than 49%, in aggregate, of the beneficial economic interest in the borrower has been pledged, (ii) no change of control of the persons responsible for daily management of the Mortgaged Property has occurred and (iii) the borrower remains unchanged after such pledge of interest. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 86 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- AMLI AT RIVERBEND - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- UNIT MIX - -------------------------------------------------------------------------------- APPROXIMATE APPROXIMATE UNIT MIX NO. OF UNITS UNIT SIZE (SF) NRA (SF) % OF NRA QUOTED RENT - ---------------- ------------ -------------- ----------- -------- ------------- 1 BR/1 BA 544 714 388,617 47.5% $ 659 2 BR/2 BA 452 949 428,828 52.5 $ 757 --- ------- ----- TOTAL/AVERAGE 996 821 817,445 100.0% $703/$0.86/SF === ======= ===== This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 87 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- HILTON-PROVIDENCE, RI - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $49,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 1.5% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance SPONSOR James Procaccianti TYPE OF SECURITY Fee MORTGAGE RATE 6.200% MATURITY DATE December 11, 2016 AMORTIZATION TYPE Balloon INTEREST ONLY PERIOD 36 ORIGINAL TERM / AMORTIZATION 120 / 360 REMAINING TERM / AMORTIZATION 120 / 360 LOCKBOX None UP-FRONT RESERVES INTEREST RESERVE $ 776,378 RENOVATION RESERVE(1) $7,300,000 ONGOING ANNUAL RESERVES REPLACEMENT(2) $ 623,049 ADDITIONAL FINANCING(3) None CUT-OFF DATE BALANCE $49,000,000 CUT-OFF DATE BALANCE/ROOM $ 178,832 CUT-OFF DATE LTV 73.1% MATURITY DATE LTV 66.3% UW DSCR ON NCF 1.33x - -------------------------------------------------------------------------------- [PHOTO OMITTED] - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION Providence, RI PROPERTY TYPE Hospitality -- Full Service SIZE (ROOMS) 274 OCCUPANCY AS OF OCTOBER 31, 2006(4) 43.3% YEAR BUILT / YEAR RENOVATED 1969 / 2006 APPRAISED VALUE(5) $67,000,000 PROPERTY MANAGEMENT Lenox Hotels, Inc. UW ECONOMIC OCCUPANCY 65.0% UW REVENUES $15,576,032 UW TOTAL EXPENSES $10,157,448 UW NET OPERATING INCOME (NOI) $5,418,584 UW NET CASH FLOW (NCF) $4,795,543 - -------------------------------------------------------------------------------- (1) The borrower is currently performing a major renovation of the Mortgaged Property in order to re-flag the Mortgaged Property under the Hilton flag. Of the approximately $30,300,000 originally budgeted for the renovation and property improvement plan, the Renovation Reserve will be escrowed at origination to cover the remaining costs of the on-going property upgrades. (2) The Mortgage Loan documents require $51,921 monthly through December 11, 2007, then 1/12th of 4% of gross revenue of the Mortgaged Property based on trailing twelve month collections to be escrowed. (3) Future mezzanine debt is permitted subject to (i) a combined maximum loan-to-value ratio of 75.0%, (ii) a combined minimum debt service coverage ratio of 1.15x and (iii) certain other conditions as specified in the related Mortgage Loan documents. (4) Based on the trailing 12-months. (5) Based on the "as-stabilized" appraised value, as of January 1, 2008, when the renovation at the Mortgaged Property is expected to be completed. The "as-complete" appraised value is $62,000,000, as of January 1, 2007. The "as-is" appraised value is $47,000,000, as of August 10, 2006. See "DESCRIPTION OF THE MORTGAGE POOL--Additional Mortgage Loan Information" and "RISK FACTORS--The Mortgage Loans--Risks Related to Property Inspections and Certain Assumptions in Appraisals" in the Prospectus Supplement. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 88 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- HILTON-PROVIDENCE, RI - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FACILITY SUMMARY - -------------------------------------------------------------------------------- GUEST ROOMS NUMBER - -------------------------------------------------------------------------------- Queen .............................. 38 King ............................... 79 Double-Double ...................... 152 Murphy Bed ......................... 5 --- TOTAL ........................... 274 === MEETING ROOMS SQUARE FEET - -------------------------------------------------------------------------------- Rosemoor Room ...................... 4,160 Williams & LaSalle ................. 940 Hartwell ........................... 375 Promenade .......................... 375 Kennedy ............................ 180 Providence Board Room .............. 300 Parlor Room ........................ 425 New Meeting Room ................... 1,500 ----- TOTAL ........................... 8,255 ===== FOOD AND BEVERAGE - -------------------------------------------------------------------------------- Shula's 347 Steakhouse* Starbucks* OTHER AMENITIES - -------------------------------------------------------------------------------- Indoor pool Exercise room - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FINANCIAL SCHEDULE - -------------------------------------------------------------------------------- YEAR ............................... 2005-2006 LATEST PERIOD ...................... TTM 4/28/06 OCCUPANCY .......................... 61.1% ADR ................................ $106.37 REVPAR ............................. $64.95 UW OCCUPANCY ....................... 65.0% UW ADR ............................. $158.80 UW REVPAR .......................... $103.22 - -------------------------------------------------------------------------------- * Starbuck's and Shula's 347 Steakhouse are planned as part of the on-going renovations of the Mortgaged Property and are expected to be in occupancy upon completion, estimated in January 2007. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 89 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- LAS COLINAS PORTFOLIO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $42,525,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 1.3% NUMBER OF MORTGAGE LOANS 2 LOAN PURPOSE Refinance SPONSOR Wells Real Estate Investment Trust, Inc. TYPE OF SECURITY Fee MORTGAGE RATE 5.700% MATURITY DATE October 11, 2016 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 120 ORIGINAL TERM / AMORTIZATION 120 / IO REMAINING TERM / AMORTIZATION 118 / IO LOCKBOX None UP-FRONT RESERVES None ONGOING ANNUAL RESERVES TAX/INSURANCE(1) Springing ADDITIONAL FINANCING(2) None CUT-OFF DATE BALANCE $42,525,000 CUT-OFF DATE BALANCE/SF $110 CUT-OFF DATE LTV 69.1% MATURITY DATE LTV 69.1% UW DSCR ON NCF 1.62x - -------------------------------------------------------------------------------- [PHOTO OMITTED] - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 2 LOCATION Irving, TX PROPERTY TYPE Office -- Suburban SIZE (SF) 386,116 OCCUPANCY AS OF SEPTEMBER 15, 2006 88.6% YEAR BUILT / YEAR RENOVATED Various / NA APPRAISED VALUE $61,500,000 PROPERTY MANAGEMENT Lincoln Southwest, Inc. UW ECONOMIC OCCUPANCY 85.5% UW REVENUES $7,726,158 UW TOTAL EXPENSES $3,465,189 UW NET OPERATING INCOME (NOI) $4,260,970 UW NET CASH FLOW (NCF) $3,918,632 - -------------------------------------------------------------------------------- (1) Ongoing annual deposits to the tax and insurance reserves will be required upon an event of default. (2) Future mezzanine debt is permitted subject to a combined maximum loan-to-value ratio of 80.0% and a combined minimum debt service coverage ratio of 1.20x. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 90 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- LAS COLINAS PORTFOLIO - -------------------------------------------------------------------------------- LAS COLINAS PORTFOLIO POOL SUMMARY ALLOCATED CUT-OFF DATE UNDERWRITTEN APPRAISED CUT-OFF DATE YEAR TOTAL BALANCE UW NET APPRAISED VALUE PROPERTY NAME BALANCE BUILT SF PER SF OCCUPANCY* OCCUPANCY CASH FLOW VALUE PER SF - ---------------------------------------------------------------------------------------------------------------------------------- Las Colinas Corporate Center I .............. $17,500,000 1997 159,212 $110 96.5% 89.0% $1,524,133 $25,000,000 $157 Las Colinas Corporate Center II ............. 25,025,000 1998 226,904 $110 83.1% 83.1% 2,394,499 36,500,000 $161 ----------- ------- ---------- ----------- $42,525,800 386,116 $110 88.6% 85.5% $3,918,632 $61,500,000 $159 =========== ======= ========== =========== * Occupancy date as of September 15, 2006 for both Mortgaged Properties. LAS COLINAS CORPORATE CENTER I -- TENANT SUMMARY NET % OF NET % OF TOTAL RATINGS* RENTABLE RENTABLE BASE RENT ANNUAL BASE ANNUAL BASE LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA PSF RENT RENT EXPIRATION - ---------------------------------- ----------------- --------- -------- --------- ----------- ----------- ------------- MAJOR TENANTS H.D. Vest Inc ................. NR/NR/NR 81,069 50.9% $20.00 $1,621,380 52.7% December 2012 Standard Pacific of Texas ..... BB/Ba2/BB 21,693 13.6 $19.00 412,167 13.4 April 2010 Austin Consolidated Holdings .. NR/NR/NR 16,622 10.4 $20.00 332,440 10.8 October 2010 U.S. Medical Development ...... NR/NR/NR 13,243 8.3 $22.00 291,346 9.5 February 2012 Tektronix, Inc ................ BB+/Baa3/NR 10,972 6.9 $22.50 246,870 8.0 December 2006 ------- ----- ---------- ----- TOTAL MAJOR TENANTS ........... 143,599 90.2% $20.22 $2,904,203 94.3% NON-MAJOR TENANTS ................ 10,088 6.3 $17.37 175,182 5.7 ------- ----- ---------- ----- OCCUPIED TOTAL ................... 153,687 96.5% $20.04 $3,079,385 100.0% VACANT SPACE ..................... 5,525 3.5 ========== ===== ------- ----- PROPERTY TOTAL ................... 159,212 100.0% ======= ===== * Certain ratings are those of the parent whether or not the parent guarantees the lease. LAS COLINAS CORPORATE CENTER I -- LEASE EXPIRATION SCHEDULE CUMULATIVE CUMULATIVE # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF % OF SF % OF BASE % OF BASE YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* RENT EXPIRING* RENT EXPIRING* - ---------- ----------- --------------- -------- ------------- ---------- -------------- -------------- 2006 2 $20.27 12,177 7.6% 7.6% 8.0% 8.0% 2007 0 $ 0.00 0 0.0% 7.6% 0.0% 8.0% 2008 1 $19.50 1,031 0.6% 8.3% 0.7% 8.7% 2009 0 $ 0.00 0 0.0% 8.3% 0.0% 8.7% 2010 5 $19.48 44,824 28.2% 36.4% 28.4% 37.0% 2011 1 $19.75 1,343 0.8% 37.3% 0.9% 37.9% 2012 4 $20.28 94,312 59.2% 96.5% 62.1% 100.0% 2013 0 $ 0.00 0 0.0% 96.5% 0.0% 100.0% 2014 0 $ 0.00 0 0.0% 96.5% 0.0% 100.0% 2015 0 $ 0.00 0 0.0% 96.5% 0.0% 100.0% 2016 0 $ 0.00 0 0.0% 96.5% 0.0% 100.0% Thereafter 0 $ 0.00 0 0.0% 96.5% 0.0% 100.0% Vacant 0 NA 5,525 3.5% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 91 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- LAS COLINAS PORTFOLIO - -------------------------------------------------------------------------------- LAS COLINAS CORPORATE CENTER II -- TENANT SUMMARY % OF NET % OF TOTAL RATINGS* NET RENTABLE RENTABLE BASE RENT ANNUAL BASE ANNUAL BASE LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA PSF RENT RENT EXPIRATION - -------------------------------- ----------------- ------------ -------- --------- ----------- ----------- ------------- MAJOR TENANTS Deloitte & Touche USA LLP ... NR/NR/NR 55,480 24.5% $22.54 $1,250,382 31.5% February 2011 The Feld Group .............. NR/NR/NR 27,270 12.0 $24.00 654,480 16.5 February 2008 EDS ......................... BBB-/Ba1/BBB- 16,746 7.4 $24.00 401,904 10.1 February 2008 The Conely Group ............ NR/NR/NR 13,801 6.1 $16.25 224,266 5.6 October 2008 Christus Health ............. NR/NR/NR 13,204 5.8 $18.36 242,370 6.1 December 2011 ------- ----- ---------- ----- TOTAL MAJOR TENANTS ......... 126,501 55.8% $21.92 $2,773,403 69.8% NON-MAJOR TENANTS .............. 62,049 27.3 $19.33 1,199,466 30.2 ------- ----- ---------- ----- OCCUPIED TOTAL ................. 188,550 83.1% $21.07 $3,972,868 100.0% VACANT SPACE ................... 38,354 16.9 ========== ===== ------- ----- PROPERTY TOTAL ................. 226,904 100.0% ======= ===== * Certain ratings are those of the parent whether or not the parent guarantees the lease. LAS COLINAS CORPORATE CENTER II -- LEASE EXPIRATION SCHEDULE CUMULATIVE CUMULATIVE # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF % OF SF % OF BASE RENT % OF BASE YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* EXPIRING* RENT EXPIRING* - ---------- ----------- --------------- -------- ------------- ---------- -------------- -------------- 2006 1 $10.20 353 0.2% 0.2% 0.1% 0.1% 2007 1 $25.50 10,421 4.6% 4.7% 6.7% 6.8% 2008 4 $21.80 59,657 26.3% 31.0% 32.7% 39.5% 2009 4 $16.34 10,581 4.7% 35.7% 4.4% 43.9% 2010 2 $19.91 5,390 2.4% 38.1% 2.7% 46.6% 2011 10 $20.74 96,773 42.6% 80.7% 50.5% 97.1% 2012 1 $21.50 5,375 2.4% 83.1% 2.9% 100.0% 2013 0 $ 0.00 0 0.0% 83.1% 0.0% 100.0% 2014 0 $ 0.00 0 0.0% 83.1% 0.0% 100.0% 2015 0 $ 0.00 0 0.0% 83.1% 0.0% 100.0% 2016 0 $ 0.00 0 0.0% 83.1% 0.0% 100.0% Thereafter 0 $ 0.00 0 0.0% 83.1% 0.0% 100.0% Vacant 0 NA 38,354 16.9% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 92 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 THIS PAGE INTENTIONALLY LEFT BLANK This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 93 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- ARCADIA GATEWAY CENTER PORTFOLIO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $38,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 1.1% NUMBER OF MORTGAGE LOANS 3 LOAN PURPOSE Refinance SPONSOR Stanley W. Gribble TYPE OF SECURITY Fee PARTIAL RELEASE(1) Yes MORTGAGE RATE 6.070% MATURITY DATE November 11, 2016 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 120 ORIGINAL TERM / AMORTIZATION 120 / IO REMAINING TERM / AMORTIZATION 119 / IO LOCKBOX(2) Springing UP-FRONT RESERVES TAX/INSURANCE Yes TI/LC $1,000,000 ONGOING ANNUAL RESERVES TAX/INSURANCE Yes REPLACEMENT(3) $23,176 TI/LC(4) Springing ADDITIONAL FINANCING None CUT-OFF DATE BALANCE $38,000,000 CUT-OFF DATE BALANCE/SF $242 CUT-OFF DATE LTV 77.1% MATURITY DATE LTV 77.1% UW DSCR ON NCF 1.21x - -------------------------------------------------------------------------------- [PHOTO OMITTED] - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 3 LOCATION Arcadia, CA PROPERTY TYPE Various SIZE (SF) 156,739 OCCUPANCY AS OF OCTOBER 3, 2006 98.0% YEAR BUILT / YEAR RENOVATED 1988 / NA APPRAISED VALUE $49,300,000 PROPERTY MANAGEMENT Festival Management Corporation UW ECONOMIC OCCUPANCY 95.6% UW REVENUES $4,581,325 UW TOTAL EXPENSES $1,729,326 UW NET OPERATING INCOME (NOI) $2,851,999 UW NET CASH FLOW (NCF) $2,787,721 - -------------------------------------------------------------------------------- (1) The Arcadia Gateway Center Portfolio Loans allow for release from the cross-default and cross-collateralization provisions of the related Mortgage Loan documents; provided that (i) certain loan-specific debt service coverage ratio and loan-to-value ratio conditions are achieved and (ii) certain other conditions as specified in the related Mortgage Loan documents are satisfied. (2) A lockbox will be required upon an event of default or upon certain other conditions as specified in the related Mortgage Loan documents. (3) Ongoing annual replacement reserve deposits are capped at $57,941. (4) Ongoing annual deposits to the TI/LC reserve will be required if amounts on deposit, in the aggregate, fall below $400,000. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 94 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- ARCADIA GATEWAY CENTER PORTFOLIO - -------------------------------------------------------------------------------- ARCADIA GATEWAY CENTER PORTFOLIO SUMMARY ALLOCATED CUT-OFF CUT-OFF DATE DATE YEAR TOTAL BALANCE PROPERTY NAME BALANCE BUILT SF PER SF - ------------------------------ ----------- ----- ------- ------------- Arcadia Gateway Center - Medical Office ............ $10,300,000 1988 48,455 $213 Arcadia Gateway Center - Office .................... 14,880,000 1988 64,828 $230 Arcadia Gateway Center - Retail .................... 12,820,000 1988 43,456 $295 ----------- ------- $38,000,000 156,739 $242 =========== ======= UW UNDERWRITTEN APPRAISED APPRAISED PROPERTY NAME OCCUPANCY* OCCUPANCY NET CASH FLOW VALUE VALUE PER SF - ------------------------------ ---------- --------- ------------- ----------- ------------ Arcadia Gateway Center - Medical Office ............ 100.0% 95.0% $ 777,492 $13,200,000 $272 Arcadia Gateway Center - Office .................... 95.1% 95.0% 1,080,208 18,600,000 $287 Arcadia Gateway Center - Retail .................... 100.0% 97.0% 930,021 17,500,000 $403 ---------- ----------- 98.1% 95.7% $2,787,721 $49,300,000 $315 ========== =========== * Occupancy date as of October 3, 2006 for all Mortgaged Properties. ARCADIA GATEWAY CENTER -- MEDICAL OFFICE TENANT SUMMARY % OF NET RATINGS NET RENTABLE RENTABLE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA - ------------------------------ ----------------- ------------ ---------- MAJOR TENANT Healthcare Partners, LLC .. NR/NR/NR 48,455 100.0% ------ ----- PROPERTY TOTAL ............... 48,455 100.0% ====== ===== % OF TOTAL BASE RENT ANNUAL BASE ANNUAL BASE LEASE TENANT PSF RENT RENT EXPIRATION - ------------------------------ --------- ----------- ----------- ------------- MAJOR TENANT Healthcare Partners, LLC .. $27.00 $1,308,285 100.0% December 2015 ---------- ----- PROPERTY TOTAL ............... $27.00 $1,308,285 100.0% ========== ===== ARCADIA GATEWAY CENTER -- MEDICAL OFFICE LEASE EXPIRATION SCHEDULE CUMULATIVE % OF BASE # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF CUMULATIVE % % OF BASE RENT RENT YEAR EXPIRING EXPIRING EXPIRING EXPIRING* OF SF EXPIRING* EXPIRING* EXPIRING* - ------------------------------ ----------- --------------- -------- ------------- --------------- -------------- ------------ 2015 1 $27.00 48,455 100.0% 100.0% 100.0% 100.0% Vacant 0 NA 0 0.0% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 95 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- ARCADIA GATEWAY CENTER PORTFOLIO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- ARCADIA GATEWAY CENTER -- OFFICE TENANT SUMMARY - -------------------------------------------------------------------------------- % OF NET % OF TOTAL RATINGS* NET RENTABLE RENTABLE BASE RENT ANNUAL BASE ANNUAL BASE LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA PSF RENT RENT EXPIRATION - ------------------------------------- ----------------- ------------ -------- --------- ----------- ----------- ------------- MAJOR TENANTS National Childhood Cancer Foundation .................... NR/NR/NR 41,274 63.7% $26.76 $1,104,492 67.2% November 2007 Countrywide Home Loans ........... A/A3/A 5,875 9.1 $26.40 155,100 9.4 January 2011 Arroyo Insurance Services, Inc. .. NR/NR/NR 5,187 8.0 $26.04 135,069 8.2 April 2010 Frontier Dental .................. NR/NR/NR 4,760 7.3 $26.10 124,236 7.6 October 2014 Advanced Medical Management Group ......................... NR/NR/NR 2,614 4.0 $27.81 72,695 4.4 November 2015 ------ ----- ---------- ----- TOTAL MAJOR TENANTS .............. 59,710 92.1% $26.66 $1,591,593 96.8% NON-MAJOR TENANTS ................... 1,935 3.0 $27.00 52,245 3.2 ------ ----- ---------- ----- OCCUPIED TOTAL ...................... 61,645 95.1% $26.67 $1,643,838 100.0% VACANT SPACE ........................ 3,183 4.9 ========== ===== ------ ----- PROPERTY TOTAL ...................... 64,828 100.0% ====== ===== * Certain ratings are those of the parent whether or not the parent guarantees the lease. - -------------------------------------------------------------------------------- ARCADIA GATEWAY CENTER -- OFFICE LEASE EXPIRATION SCHEDULE - -------------------------------------------------------------------------------- CUMULATIVE % # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF CUMULATIVE % OF SF % OF BASE RENT OF BASE YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* EXPIRING* RENT EXPIRING* - ------------ ------------ --------------- -------- ------------- ------------------ -------------- -------------- 2006 0 $ 0.00 0 0.0% 0.0% 0.0% 0.0% 2007 4 $26.76 41,274 63.7% 63.7% 67.2% 67.2% 2008 0 $ 0.00 0 0.0% 63.7% 0.0% 67.2% 2009 0 $ 0.00 0 0.0% 63.7% 0.0% 67.2% 2010 2 $26.30 7,122 11.0% 74.7% 11.4% 78.6% 2011 1 $26.40 5,875 9.1% 83.7% 9.4% 88.0% 2012 0 $ 0.00 0 0.0% 83.7% 0.0% 88.0% 2013 0 $ 0.00 0 0.0% 83.7% 0.0% 88.0% 2014 1 $26.10 4,760 7.3% 91.1% 7.6% 95.6% 2015 1 $27.81 2,614 4.0% 95.1% 4.4% 100.0% 2016 0 $ 0.00 0 0.0% 95.1% 0.0% 100.0% Thereafter 0 $ 0.00 0 0.0% 95.1% 0.0% 100.0% Vacant 0 NA 3,183 4.9% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 96 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- ARCADIA GATEWAY CENTER PORTFOLIO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- ARCADIA GATEWAY CENTER -- RETAIL TENANT SUMMARY - -------------------------------------------------------------------------------- % OF NET BASE % OF TOTAL RATINGS(1) NET RENTABLE RENTABLE RENT ANNUAL BASE ANNUAL BASE LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA PSF RENT RENT EXPIRATION - --------------------------------------- ----------------- ------------ -------- ------ ----------- ----------- -------------- MAJOR TENANTS Olive Garden ....................... BBB+/Baa1/BBB+ 9,250 21.3% $15.05 $139,213 14.8% September 2010 Steak and Ale of California, Inc.(2) ......................... NR/NR/NR 7,341 16.9 $18.86 138,451 14.7 July 2008 American Premier Bank .............. NR/NR/NR 5,427 12.5 $28.66 155,538 16.5 June 2011 Bear Essentials .................... NR/NR/NR 4,848 11.2 $19.53 94,681 10.1 April 2012 Leslie's Swimming Pool Supplies .... NR/NR/NR 3,720 8.6 $19.84 73,805 7.8 October 2010 ------ ----- -------- ----- TOTAL MAJOR TENANTS ................ 30,586 70.4% $19.67 $601,688 63.9% NON-MAJOR TENANTS ..................... 12,870 29.6 $26.45 340,363 36.1 ------ ----- -------- ----- OCCUPIED TOTAL ........................ 43,456 100.0% $21.68 $942,051 100.0% VACANT SPACE .......................... 0 0.0 ======== ===== ------ ----- PROPERTY TOTAL ........................ 43,456 100.0% ====== ===== (1) Certain ratings are those of the parent whether or not the parent guarantees the lease. (2) The Steak & Ale of California space is subleased to BJ's Pizza. - -------------------------------------------------------------------------------- ARCADIA GATEWAY CENTER -- RETAIL LEASE EXPIRATION SCHEDULE - -------------------------------------------------------------------------------- CUMULATIVE % # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF CUMULATIVE % OF SF % OF BASE RENT OF BASE YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* EXPIRING* RENT EXPIRING* - ---------- ----------- --------------- -------- ------------- ------------------ -------------- -------------- 2006 1 $23.62 2,140 4.9% 4.9% 5.4% 5.4% 2007 1 $27.00 1,400 3.2% 8.1% 4.0% 9.4% 2008 3 $20.67 11,018 25.4% 33.5% 24.2% 33.5% 2009 1 $36.61 1,061 2.4% 35.9% 4.1% 37.7% 2010 3 $17.48 14,267 32.8% 68.8% 26.5% 64.1% 2011 2 $28.35 6,673 15.4% 84.1% 20.1% 84.2% 2012 2 $20.98 5,878 13.5% 97.7% 13.1% 97.3% 2013 1 $24.75 1,019 2.3% 100.0% 2.7% 100.0% 2014 0 $ 0.00 0 0.0% 100.0% 0.0% 100.0% 2015 0 $ 0.00 0 0.0% 100.0% 0.0% 100.0% 2016 0 $ 0.00 0 0.0% 100.0% 0.0% 100.0% Thereafter 0 $ 0.00 0 0.0% 100.0% 0.0% 100.0% Vacant 0 NA 0 0.0% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 97 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- NEW MARKET POOL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $37,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 1.1% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance SPONSOR Henry F. Pratt, III TYPE OF SECURITY Fee PARTIAL RELEASE(1) Yes MORTGAGE RATE 6.120% MATURITY DATE November 11, 2016 AMORTIZATION TYPE Balloon INTEREST ONLY PERIOD 60 ORIGINAL TERM / AMORTIZATION 120 / 360 REMAINING TERM / AMORTIZATION 119 / 360 LOCKBOX Yes UP-FRONT RESERVES TAX/INSURANCE Yes TI/LC(2) $4,000,000 ONGOING ANNUAL RESERVES TAX Yes INSURANCE(3) Springing REPLACEMENT $131,299 TI/LC $469,697 ADDITIONAL FINANCING(4) None CUT-OFF DATE BALANCE $37,000,000 CUT-OFF DATE BALANCE/SF $79 CUT-OFF DATE LTV 78.4% MATURITY DATE LTV 73.4% UW DSCR ON NCF 1.25x - -------------------------------------------------------------------------------- (1) The New Market Pool Loan allows for partial release with Mortgaged Property specific premiums based upon individual allocated loan amounts, debt service coverage tests and other fees as specified in the related Mortgage Loan documents. (2) Funds to be used to re-tenant the vacant American Freedom Mortgage space. Funds will be released upon (i) receipt by the mortgagee of a satisfactory estoppel certificate, (ii) evidence of a signed lease and (iii) upon certain other conditions as specified in the related Mortgage Loan documents. Remaining funds will be released if the debt service coverage ratio, as computed by the mortgagee, is greater than 1.20x for the preceeding 12-month period. (3) Monthly insurance escrow will be required in the event that one-third of the annual premium is not held in escrow. (4) Future mezzanine debt is permitted subject to a combined maximum loan-to-value ratio of 85.0% and a combined minimum debt service coverage ratio of 1.10x. [PHOTO OMITTED] - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 6 LOCATION Marietta, GA PROPERTY TYPE Office -- Suburban SIZE (SF) 469,667 OCCUPANCY AS OF OCTOBER 3, 2006 81.2% YEAR BUILT / YEAR RENOVATED Various / NA APPRAISED VALUE $47,210,000 PROPERTY MANAGEMENT Eola Capital LLC UW ECONOMIC OCCUPANCY 89.3% UW REVENUES $5,315,896 UW TOTAL EXPENSES $1,502,862 UW NET OPERATING INCOME (NOI) $3,813,035 UW NET CASH FLOW (NCF) $3,372,449 - -------------------------------------------------------------------------------- This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 98 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- NEW MARKET POOL - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- TENANT SUMMARY - -------------------------------------------------------------------------------- % OF NET % OF TOTAL RATINGS* NET RENTABLE RENTABLE BASE ANNUAL ANNUAL BASE LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA RENT PSF BASE RENT RENT EXPIRATION - ------------------------------------ ----------------- ------------ -------- -------- ---------- ----------- -------------- MAJOR TENANTS Matria Healthcare, Inc. ......... B+/NR/NR 71,863 15.3% $11.19 $ 804,147 18.2% April 2011 West Assest MGMT, LLC ........... NR/NR/NR 54,388 11.6 $10.07 547,687 12.4 May 2010 Primedia Special Interest ....... NR/NR/NR 23,702 5.0 $10.49 248,634 5.6 December 2007 Aderans Research Institute ...... NR/NR/NR 21,069 4.5 $11.14 234,709 5.3 June 2010 Travelers Bank & Trust .......... AA-/Aa1/AA+ 18,157 3.9 $16.87 306,309 6.9 July 2007 Varian Medical Systems, Inc. .... NR/NR/NR 16,743 3.6 $11.54 193,214 4.4 February 2010 H&R Block Mortgage Corporation .. BBB+/NR/NR 15,863 3.4 $16.16 256,346 5.8 March 2008 Greenhorn & O'Mara, Inc. ........ NR/NR/NR 13,898 3.0 $13.00 180,674 4.1 March 2007 Cork-Howard Construction ........ NR/NR/NR 12,979 2.8 $10.66 138,356 3.1 August 2010 Brink's Incorporated, Inc. ...... BBB+/NR/NR 12,822 2.7 $11.71 150,156 3.4 July 2008 ------- ----- ---------- ----- TOTAL MAJOR TENANTS ............. 261,484 55.7% $11.70 $3,060,231 69.2% NON-MAJOR TENANTS .................. 120,031 25.6 $11.35 1,362,861 30.8 ------- ----- ---------- ----- OCCUPIED TOTAL ..................... 381,515 81.2% $11.59 $4,423,093 100.0% VACANT SPACE ....................... 88,152 18.8 ========== ===== ------- ----- PROPERTY TOTAL ..................... 469,667 100.0% ======= ===== * Certain ratings are those of the parent whether or not the parent guarantees the lease. - -------------------------------------------------------------------------------- LEASE EXPIRATION SCHEDULE - -------------------------------------------------------------------------------- # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF CUMULATIVE % OF SF % OF BASE RENT CUMULATIVE % OF BASE YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* EXPIRING* RENT EXPIRING* - ------------- ----------- --------------- -------- ------------- ------------------ -------------- -------------------- 2006 2 $12.67 11,518 2.5% 2.5% 3.3% 3.3% 2007 7 $13.30 69,065 14.7% 17.2% 20.8% 24.1% 2008 10 $13.46 44,716 9.5% 26.7% 13.6% 37.7% 2009 3 $10.95 16,084 3.4% 30.1% 4.0% 41.7% 2010 19 $10.70 127,073 27.1% 57.2% 30.7% 72.4% 2011 13 $11.21 108,867 23.2% 80.3% 27.6% 100.0% 2012 0 $ 0.00 0 0.0% 80.3% 0.0% 100.0% 2013 0 $ 0.00 0 0.0% 80.3% 0.0% 100.0% 2014 1 $ 0.00 3,935 0.8% 81.2% 0.0% 100.0% 2015 0 $ 0.00 0 0.0% 81.2% 0.0% 100.0% 2016 1 $ 0.00 257 0.1% 81.2% 0.0% 100.0% Thereafter 0 $ 0.00 0 0.0% 81.2% 0.0% 100.0% Vacant 0 NA 88,152 18.8% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 99 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CROSSROADS TECHNOLOGY PARK - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- LOAN INFORMATION - -------------------------------------------------------------------------------- MORTGAGE LOAN SELLER Wachovia CUT-OFF DATE BALANCE $35,000,000 PERCENTAGE OF CUT-OFF DATE POOL BALANCE 1.0% NUMBER OF MORTGAGE LOANS 1 LOAN PURPOSE Refinance Nearon Enterprises, LLC and SPONSOR Syme Family Partners, L.P. TYPE OF SECURITY Fee PARTIAL RELEASE(1) Yes MORTGAGE RATE 5.660% MATURITY DATE November 11, 2016 AMORTIZATION TYPE Interest-Only INTEREST ONLY PERIOD 120 ORIGINAL TERM/AMORTIZATION 120/IO REMAINING TERM/AMORTIZATION 119/IO LOCKBOX None UP-FRONT RESERVES TAX Yes TI/LC $350,000 ONGOING ANNUAL RESERVES TAX Yes INSURANCE(2) Springing REPLACEMENT $12,893 TI/LC(3) $180,000 ADDITIONAL FINANCING None CUT-OFF DATE BALANCE $35,000,000 CUT-OFF DATE BALANCE/SF $109 CUT-OFF DATE LTV 59.9% MATURITY DATE LTV 59.9% UW DSCR ON NCF 2.17x - -------------------------------------------------------------------------------- [PHOTO OMITTED] - -------------------------------------------------------------------------------- PROPERTY INFORMATION - -------------------------------------------------------------------------------- NUMBER OF MORTGAGED PROPERTIES 1 LOCATION Union City, CA PROPERTY TYPE Industrial -- Light Industrial SIZE (SF) 322,318 OCCUPANCY AS OF SEPTEMBER 22, 2006 100.0% YEAR BUILT / YEAR RENOVATED 2000/NA APPRAISED VALUE $58,400,000 PROPERTY MANAGEMENT Woodstock Development, Inc. UW ECONOMIC OCCUPANCY 90.0% UW REVENUES $5,590,803 UW TOTAL EXPENSES $1,009,942 UW NET OPERATING INCOME (NOI) $4,580,861 UW NET CASH FLOW (NCF) $4,292,653 - -------------------------------------------------------------------------------- (1) Subject to certain tests as described in the related Mortgage Loan documents, up to two parcels of land are permitted to be released at a cost of 125% of the allocated loan amount for each released parcel. Such tests include a maximum loan-to-value ratio of 55.0% on the remaining collateral and a minimum debt service coverage ratio of 1.70x on the remaining collateral. (2) Ongoing annual deposits to the insurance reserve will be required upon an event of default or upon certain other conditions as specified in the related Mortgage Loan documents. (3) Ongoing annual deposits to the TI/LC reserve are capped at $1,000,000. If the TI/LC reserve falls below $1,000,000, the borrower will be required to deposit amounts until such time that the reserve balance equals or exceeds $1,000,000. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 100 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- CROSSROADS TECHNOLOGY PARK - -------------------------------------------------------------------------------- TENANT SUMMARY % OF NET % OF TOTAL RATINGS NET RENTABLE RENTABLE BASE RENT ANNUAL BASE ANNUAL BASE LEASE TENANT S&P/MOODY'S/FITCH AREA (SF) AREA PSF RENT RENT EXPIRATION - ------------------------------ ------------------- ------------ --------- --------- ----------- ----------- ------------- MAJOR TENANTS Molecular Devices* ........ NR/NR/NR 96,489 29.9% $22.41 $2,161,845 41.3% February 2011 Abaxis Inc. ............... NR/NR/NR 91,124 28.3 $11.39 1,037,902 19.8 December 2010 Telogy Inc. ............... NR/NR/NR 89,020 27.6 $12.48 1,110,970 21.2 November 2013 Ariat International Inc. .. NR/NR/NR 22,936 7.1 $16.19 371,334 7.1 February 2011 Questor Pharmaceuticals ... NR/NR/NR 22,749 7.1 $24.29 552,573 10.6 March 2011 ------- ----- ---------- ----- TOTAL MAJOR TENANTS ....... 322,318 100.0% $16.24 $5,234,624 100.0% NON-MAJOR TENANTS ............ 0 0.0 $ 0.00 0 0.0 ------- ----- ---------- ----- OCCUPIED TOTAL ............... 322,318 100.0% $16.24 $5,234,624 100.0% VACANT SPACE ................. 0 0.0 ========== ===== ------- ----- PROPERTY TOTAL ............... 322,318 100.0% ======= ===== * Ariat International, Inc. subleases approximately 20,275 square feet from Molecular Devices. LEASE EXPIRATION SCHEDULE CUMULATIVE % OF CUMULATIVE # OF LEASES WA BASE RENT/SF TOTAL SF % OF TOTAL SF % OF SF BASE RENT % OF BASE YEAR EXPIRING EXPIRING EXPIRING EXPIRING* EXPIRING* EXPIRING* RENT EXPIRING* - ---------- ----------- --------------- -------- ------------- ---------- --------- -------------- 2006 0 $ 0.00 0 0.0% 0.0% 0.0% 0.0% 2007 0 $ 0.00 0 0.0% 0.0% 0.0% 0.0% 2008 0 $ 0.00 0 0.0% 0.0% 0.0% 0.0% 2009 0 $ 0.00 0 0.0% 0.0% 0.0% 0.0% 2010 1 $11.39 91,124 28.3% 28.3% 19.8% 19.8% 2011 4 $21.70 142,174 44.1% 72.4% 58.9% 78.8% 2012 0 $ 0.00 0 0.0% 72.4% 0.0% 78.8% 2013 1 $12.48 89,020 27.6% 100.0% 21.2% 100.0% 2014 0 $ 0.00 0 0.0% 100.0% 0.0% 100.0% 2015 0 $ 0.00 0 0.0% 100.0% 0.0% 100.0% 2016 0 $ 0.00 0 0.0% 100.0% 0.0% 100.0% Thereafter 0 $ 0.00 0 0.0% 100.0% 0.0% 100.0% Vacant 0 NA 0 0.0% 100.0% 0.0% 100.0% * Calculated based upon approximate square footage occupied by each tenant. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 101 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- ADDITIONAL MORTGAGE LOAN INFORMATION - -------------------------------------------------------------------------------- o GENERAL. For a detailed presentation of certain characteristics of the Mortgage Loans and Mortgaged Properties, on an individual basis and in tabular format, see Annex A-1 to the Prospectus Supplement. See Annex A-2 to the Prospectus Supplement for certain information regarding multifamily Mortgaged Properties. See Annex A-3 to the Prospectus Supplement for certain information with respect to capital improvement, replacement and tenant improvement reserve accounts. See Annex A-4 to the Prospectus Supplement for certain information relating to the commercial tenants at the Mortgaged Properties. See Annex A-5 to the Prospectus Supplement for certain information relating to cross-collateralized and cross-defaulted Mortgage Loans. See Annex A-6 to the Prospectus Supplement for certain information relating to the Raveneaux Apartments Loan. - -------------------------------------------------------------------------------- SIGNIFICANT SPONSOR CONCENTRATION - -------------------------------------------------------------------------------- # OF LOANS/ % OF CUT-OFF WEIGHTED WEIGHTED WEIGHTED MORTGAGED LOAN AGGREGATE CUT-OFF DATE POOL AVERAGE CUT-OFF AVERAGE UW AVERAGE SPONSOR PROPERTIES NUMBERS DATE BALANCE BALANCE DATE LTV DSCR ON NCF MORTGAGE RATE - -------------------------- ----------- ------- ----------------- ------------ --------------- ----------- ------------- Centro Properties Group .. 2/29 2, 4 $395,017,103 11.7% 52.6% 2.36x 5.432% Duke Realty Corporation .. 1/27 1 $318,976,000 9.5% 80.0% 1.39x 5.914% GGP-TRS L.L.C. ........... 1/1 3 $205,000,000 6.1% 44.9% 1.97x 5.305% o CROSS-COLLATERALIZED AND CROSS-DEFAULTED MORTGAGE LOANS. Three groups of Mortgage Loans, representing approximately 2.7% of the Cut-Off Date Pool Balance, are cross-collateralized and/or cross-defaulted with one or more Mortgage Loans in the Mortgage Pool as indicated in Annex A-5 to the Prospectus Supplement. As of the Closing Date, no Mortgage Loan (other than the Co-Lender Loans described on the next page) will be cross-collateralized or cross-defaulted with any loan that is not included in the Mortgage Pool. The Master Servicer or the Special Servicer, as the case may be, will determine whether to enforce the cross-default and/or cross-collateralization rights upon a Mortgage Loan default with respect to any of these Mortgage Loans. The Certificateholders will not have any right to participate in or control any such determination. No other Mortgage Loans are subject to cross-collateralization or cross-default provisions. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 102 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-C29 - -------------------------------------------------------------------------------- ADDITIONAL MORTGAGE LOAN INFORMATION - -------------------------------------------------------------------------------- o SUBORDINATE FINANCING. - -------------------------------------------------------------------------------- EXISTING SUBORDINATE FINANCING - -------------------------------------------------------------------------------- % OF CUT-OFF DATE # OF LOANS LOAN NUMBERS POOL BALANCE ---------- ------------- ----------------- Mezzanine Debt Secured by Ownership Interests in Borrower .. 4 8, 20, 25, 64 5.1% Secured by Mortgaged Property .............................. 3 15, 22, 61 2.8% Unsecured Debt ............................................. 1 19 1.0% - -------------------------------------------------------------------------------- FUTURE SUBORDINATE FINANCING - -------------------------------------------------------------------------------- % OF CUT-OFF DATE # OF LOANS LOAN NUMBERS POOL BALANCE ---------- ------------------------------------ ----------------- Secured by Ownership Interests in Borrower ................. 26 2, 3, 4, 10, 14, 15, 16, 17, 26, 28, 32.0% Secured by Mortgaged Property .............................. 3 30, 35, 42, 43, 55, 59, 63, 74, 84, 92, 96, 97, 104, 108, 118, 128 44, 49, 67 1.4% Secured by Mortgaged Property, Secured by Ownership Interests in Borrower and Unsecured Debt ................ 1 24 0.8% Unsecured Debt ............................................. 2 77, 79 0.6% - -------------------------------------------------------------------------------- FUTURE PARI PASSU FINANCING - -------------------------------------------------------------------------------- % OF CUT-OFF DATE # OF LOANS LOAN NUMBERS POOL BALANCE ---------- ------------ ----------------- Secured by Mortgaged Property .............................. 3 2, 4, 6 15.6% See "RISK FACTORS--Additional Debt on Some Mortgage Loans Creates Additional Risks" in the Prospectus Supplement. - -------------------------------------------------------------------------------- SUBORDINATE COMPANION LOANS - -------------------------------------------------------------------------------- CUT-OFF DATE CUT-OFF DATE % CUT-OFF SUBORDINATE PRINCIPAL DATE POOL COMPANION MORTGAGE LOAN LOAN NUMBER BALANCE BALANCE LOAN BALANCE PRIMARY SERVICER - -------------------------------------- ----------- ------------ --------- ------------ ---------------- Galleria at Tyler .................... 3 $205,000,000 6.1% $45,000,000 Wachovia Bank Renaissance Tower Office Building .... 7 $129,000,000 3.8% $15,000,000 Wachovia Bank Dakota Square Mall ................... 11 $ 58,000,000 1.7% $ 3,623,904 Wachovia Bank Aetna Building - Fresno, CA .......... 50 $ 16,043,000 0.5% $ 2,005,386 Wachovia Bank FBI - Albany, NY ..................... 80 $ 10,137,000 0.3% $ 1,635,000 Wachovia Bank - -------------------------------------------------------------------------------- PARI PASSU COMPANION LOAN - -------------------------------------------------------------------------------- CUT-OFF DATE PARI PASSU CUT-OFF DATE % OF CUT-OFF DATE COMPANION % OF PARI PASSU CONTROLLING LOAN NUMBER PRINCIPAL BALANCE POOL BALANCE LOAN BALANCE DEBT TRANSACTION ----------- ----------------- ----------------- ------------ --------------- -------------- Newport Bluffs ......... 6 $132,000,000 3.9% $132,000,000 50% WBCMT 2006-C28 See "DESCRIPTION OF THE MORTGAGE POOL--Co-Lender Loans" in the Prospectus Supplement. This material is for your private information, and none of Wachovia Capital Markets, LLC, Goldman, Sachs & Co. and Greenwich Capital Markets, Inc. (collectively, the "Underwriters") is soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC (SEC File No. 333-131262) for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8am-5pm EST). The certificates 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 certificates 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 offered certificates, 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 certificates 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. As a result of the foregoing, you may commit to purchase offered certificates that have characteristics that may change, and you are advised that all or a portion of the offered certificates may not be issued that have the characteristics described in these materials. Our obligation to sell offered certificates to you is conditioned on the offered certificates that are actually issued having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the depositor nor any Underwriter will have any obligation to you to deliver any portion of the certificates which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. You have requested that the Underwriters provide to you information in connection with your consideration of the purchase of certain certificates described in this information. This information is being provided to you for informative purposes only in response to your specific request. The Underwriters described in this information may from time to time perform investment banking services for, or solicit investment banking business from, any company named in this information. The Underwriters and/or their employees may from time to time have a long or short position in any contract or certificate discussed in this information. The information contained herein supersedes any previous such information delivered to you and may be superseded by information delivered to you prior to the time of sale. Notwithstanding anything herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the United States federal, state and local income "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation Section 1.6011-4) and all materials of any kind (including opinions or other tax analyses) of the transaction contemplated hereby that are provided to you (or your representatives) relating to such tax treatment and tax structure, other than the name of the issuer or information that would permit identification of the issuer, and except that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the United States federal, state and local income tax treatment or tax structure of the transaction. WACHOVIA SECURITIES GOLDMAN, SACHS & CO. RBS GREENWICH CAPITAL 103
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FWP Filing
Wells Fargo Commercial Mortgage Securities FWPFree writing prospectus
Filed: 5 Dec 06, 12:00am