EXHIBIT 99
Message from "CHRIS SPRINGER, BANC OF AMERICA SECU" < SPRINGERJC@bloomberg.net >
on Thu, 24 Mar 2005 08:11:41 -0500 -----
Subject: CMBS NEW ISSUE: BACM 05-1 *Publics* RED
Banc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through
Certificates, Series 2005-1 Approx. $2.32B NEW ISSUE CMBS
Joint Bks/LDS: Banc of America Securities LLC/Bear, Stearns & Co., Inc.
Co-Lead Mgr: Barclays Capital Inc.
Co-Managers: Goldman Sachs/RBS Greenwich Capital
Rating Agencies: S&P and Fitch
Class Size($mm) (F/S&P) Sub Lvl WAL Prin Window
A1 39.8 AAA/AAA 20.000 1.52 1- 33
A2 185.1 AAA/AAA 20.000 2.74 33- 33
A3 555.0 AAA/AAA 20.000 4.79 54- 60
A4 343.0 AAA/AAA 20.000 6.83 81- 84
ASB 132.1 AAA/AAA 20.000 6.37 33-114
A5 383.4 AAA/AAA 20.000 9.62 114-117
A1A 219.2 AAA/AAA 20.000 7.39 1-117
AJ 168.4 AAA/AAA 12.750 9.79 117-118
B 61.0 AA/AA 10.125 9.87 118-119
C 20.3 AA-/AA- 9.250 9.91 119-119
D 43.5 A/A 7.375 9.91 119-119
XP TBD AAA/AAA - - -
XP is Notional Balance
Collateral: 135 Loans / 167 Properties
Loan Sellers: Bank of America, N.A.(60.8%)/Barclays Capital Real
Estate Inc.(25.1%)/Bear Stearns Commercial
Mortgage,Inc.(14.2%)
Property Types: Ret 35.8%, Off 33.1%, Multi 11.1%, Hotel 9.2%, SS 4.5%,
Indus 3.0%, MH 2.3%, Other 1.0%
Geographic: NV: 13.0%, CA: 11.9% (So. CA: 10.1%, No. CA: 1.8%), GA:
10.8%, FL: 8.6%, MN: 8.1%, IL: 6.7%, No Others >5%
DSCR/LTV: 1.66x / 67.6%
Inves. Grade Loans: Six loans for 21.6% of UPB
Top 10 Loans: 40.3% of the pool, DSCR: 1.86x, LTV: 63.6%
Top 3 Trust Assets
Shadow
DSCR LTV Ratings (S/F) %UPB
Fashion Show Mall 2.32x 52.0% AAA/AA 8.3%
Southdale Mall 2.24x 52.2% A-/BBB- 6.5%
Mall at Stonecrest 1.44x 75.1% NR/NR 4.7%
Expected Timing
Termsheets - Available
Reds - Wednesday 3/23(electronic), Thursday 3/24 (hard copy)
Launch / Price - Wk of 3/28
Settlement - 4/12
Roadshow
Tuesday 3/22- NY meetings (afternoon)
Wednesday 3/23 - NY 8:30 bkfst at 9 West 57th, 10:00 Global call, NY meetings
Wednesday 3/23 - 8:30 Boston bkfst 2 International PL,12:00 Hartford lnch @ Max
Thursday 3/24 - NY meetings
Monday 3/28 - Chicago 8:00 bkfst, Minni afternoon group meeting
This message is for information purposes only, and we are not soliciting any
action based upon it. The information herein is believed to be reliable but it
should not be relied upon as such and is subject to change without notice. Banc
of America Securities LLC, Bear, Stearns and Co., Inc., Barclays Capital Inc.,
and their affiliates may acquire, hold or sell positions in these securities or
in related derivatives and may have an investment banking or banking
relationship with the issuer.
Information herein will be superseded by information in the final prospectus,
copies of which may be obtained from Steve Hogue/Peter Cookson at Bank of
America Securities LLC, 214 North Tryon Street, Charlotte, NC 28255, Craig
Sedmak at Bear, Stearns and Co., Inc., 383 Madison Avenue, New York, NY 10179,
or Craig Leonard/Brian Dixon at Barclays Capital Inc., 200 Park Avenue, 5th
Floor, New York, NY 101566. Such securities may not be suitable for all
investors.