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toll-free 1-866-500-5408.

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This material is for your information and none of Merrill Lynch, Pierce, Fenner
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CERTAIN CHARACTERISTICS OF MULTIFAMILY LOANS
MLCFC 2006-3



      LOAN
     NUMBER          ORIGINATOR    PROPERTY NAME                                 STREET ADDRESS
------------------------------------------------------------------------------------------------------------------------

             6242       CRF        Whippletree Village MHP                       525 North McHenry Road
      20062909010       MLML       Hawthorne Groves Apartments                   204 Hawthorne Groves Boulevard
        940952615       PNC        Preserve at Colony Lakes                      1000 Farrah Lane
        940952204       PNC        Equinox on the Park Apartment Homes           6200 North Shiloh Rd
      20068538001       MLML       Autumn Park Apartments                        1963 Mosser Road
        940951857       PNC        Silverhawk Apartment Homes                    50-660 Eisenhower Drive
        940952758       PNC        The Heritage Apartment Homes                  7828 Pat Booker Road
      20068503026       MLML       Arioso City Lofts                             3411 North 16th Street
      20069203003       MLML       The Seasons                                   811 East Wetmore Road
        940952757       PNC        Merrywood Apartment Homes                     22400 Westheimer Parkway
        940952854       PNC        Windward Apartment Homes                      600 East Medical Center Boulevard
             6708       CRF        Northern Point Apartments                     1905 West Las Palmaritas Drive
             5506       CRF        Brighton Valley                               Various
             5506       CRF        Brighton Valley Independence Village          7700 &7800 Nemco Way
             5506       CRF        Brighton Day Care-Children's World            7600 Nemco Way
        940952759       PNC        Wynhaven - Hollister Apartments               7740 West Little York
        940952853       PNC        Leeward Apartment Homes                       444 East Medical Center Boulevard
      20068510004       MLML       Campus Quad Phase I                           316 Columbia Drive
      20068509003       MLML       Portofino Apartments                          5780 Windhover Drive
             5343       CRF        Barclay Square Apartments                     3535 Cambridge Street
             5975       CRF        Mariner Village Mobile Home Park              815 124th Street SW
      20069217001       MLML       Southgate Apartments                          10960 Southgate Manor Drive
             6234       CRF        Mapleshade Park                               6606 Mapleshade Lane
             5881       CRF        Colonia Tepeyac Apartments                    5880 Bernal Drive
        880255774       PNC        Villas of Cordoba                             5901 E. Stassney Lane
      20068514004       MLML       The Pointe at St. Joseph's                    307 East LaSalle Avenue
      20069225003       MLML       Watermill Apartments                          1730 East Valley Water Mill Road
             5895       CRF        Casas Adobes                                  6200 North Oracle Road
      20068503027       MLML       Paseo del Sol                                 2634 North 51st Avenue
        940952454       PNC        Colonial Village Apartments - DE              600 Moores Lane
             6213       CRF        Bayberry Cove Apartments                      4363 Bayberry Cove
        940952780       PNC        Lakepointe Apartments - Lincoln City          120 SE Mast Avenue
      20069232017       MLML       Villager Apartments                           480 South Street
        940952699       PNC        La Prada Apartments                           8383 La Prada
             6224       CRF        Cresthill Townhomes                           3589 Cresthill Drive
        880255772       PNC        The Park at Heritage Greene Apartments        2891 Springdale Road
             6028       CRF        Timbers Apartments                            1224 North Albert Pike Avenue
             6073       CRF        Prospect Park                                 1600-26, 1685-95 & 1821 Parkline Drive
             6029       CRF        The Village Apartments                        3600 Kinkead Avenue
             5853       CRF        Arrowhead MHP                                 4175 West 4th Street
        940952702       PNC        Gateway Village Seniors                       2825 S. 12th Street
             6210       CRF        Holiday Acres                                 2701 Leary Lane
             6217       CRF        Willow Creek Apts                             19 Willow Creek Drive
             5447       CRF        The Chateau Apartments                        511 North Woodward Avenue
             6226       CRF        Pine Knoll MHP                                2546 Capitola Road
             6915       CRF        Park Slope Apartment Portfolio                518 4th Avenue and 451 7th Avenue
             6915       CRF        451 7th Avenue                                451 7th Avenue
             6915       CRF        518 4th Avenue                                518 4th Avenue
             6602       CRF        Oak Lane Mobile Village                       3881 Many Oaks Lane
        880255771       PNC        The Park Whispering Pines                     605 First Avenue


      LOAN                                                                                                  INITIAL POOL
     NUMBER                   CITY             COUNTY    STATE      ZIP CODE        PROPERTY TYPE            BALANCE ($)
--------------------------------------------------------------------------------------------------------------------------

             6242    Wheeling               Cook         IL            60090     Manufactured Housing          29,350,000
      20062909010    Orlando                Orange       FL            32835     Multifamily                   27,500,000
        940952615    Stafford               Fort Bend    TX            77477     Multifamily                   26,400,000
        940952204    Garland                Dallas       TX            75044     Multifamily                   24,050,000
      20068538001    Breinigsville          Lehigh       PA            18031     Multifamily                   24,000,000
        940951857    La Quinta              Riverside    CA            92253     Multifamily                   24,000,000
        940952758    Live Oak               Bexar        TX            78233     Multifamily                   22,500,000
      20068503026    Phoenix                Maricopa     AZ            85016     Multifamily                   21,250,000
      20069203003    Tucson                 Pima         AZ            85719     Multifamily                   20,500,000
        940952757    Katy                   Fort Bend    TX            77450     Multifamily                   16,800,000
        940952854    Webster                Harris       TX            77598     Multifamily                   16,750,000
             6708    Phoenix                Maricopa     AZ            85021     Multifamily                   15,450,000
             5506    Brighton               Livingston   MI            48116     Various                       15,200,000
             5506    Brighton               Livingston   MI            48116     Multifamily                   13,700,000
             5506    Brighton               Livingston   MI            48116     Other                          1,500,000
        940952759    Houston                Harris       TX            77040     Multifamily                   14,950,000
        940952853    Webster                Harris       TX            77598     Multifamily                   14,600,000
      20068510004    Carrollton             Carroll      GA            30117     Multifamily                   14,000,000
      20068509003    Orlando                Orange       FL            32819     Multifamily                   13,050,000
             5343    Las Vegas              Clark        NV            89169     Multifamily                   12,400,000
             5975    Everett                Snohomish    WA            98204     Manufactured Housing          11,500,000
      20069217001    Louisville             Jefferson    KY            40229     Multifamily                   10,725,000
             6234    Dallas                 Collin       TX            75252     Multifamily                   10,500,000
             5881    Dallas                 Dallas       TX            75212     Multifamily                    9,764,794
        880255774    Austin                 Travis       TX            78744     Multifamily                    9,486,638
      20068514004    South Bend             St. Joseph   IN            46617     Multifamily                    9,000,000
      20069225003    Springfield            Greene       MO            65803     Multifamily                    8,463,471
             5895    Tucson                 Pima         AZ            85704     Multifamily                    7,396,315
      20068503027    Phoenix                Maricopa     AZ            85035     Multifamily                    6,825,000
        940952454    New Castle Hundred     New Castle   DE            19720     Multifamily                    6,200,000
             6213    Bellbrook              Greene       OH            45305     Multifamily                    4,742,864
        940952780    Lincoln City           Lincoln      OR            97367     Multifamily                    4,300,000
      20069232017    Lockport               Niagara      NY            14094     Multifamily                    3,600,000
        940952699    Dallas                 Dallas       TX            75228     Multifamily                    3,600,000
             6224    Flowery Branch         Hall         GA            30542     Multifamily                    3,600,000
        880255772    Atlanta                Fulton       GA            30315     Multifamily                    2,996,237
             6028    Fort Smith             Sebastian    AR            72904     Multifamily                    2,980,000
             6073    Pittsburgh             Allegheny    PA            15227     Multifamily                    2,800,000
             6029    Fort Smith             Sebastian    AR            72903     Multifamily                    2,575,200
             5853    Reno                   Washoe       NV            89523     Manufactured Housing           2,543,698
        940952702    Beaumont               Jefferson    TX            77701     Multifamily                    2,475,000
             6210    Victoria               Victoria     TX            77901     Manufactured Housing           2,350,000
             6217    Battle Creek           Calhoun      MI            49015     Multifamily                    2,096,875
             5447    Tallahassee            Leon         FL            32304     Multifamily                    1,976,997
             6226    Santa Cruz             Santa Cruz   CA            95062     Manufactured Housing           1,800,000
             6915    Brooklyn               Kings        NY            11215     Multifamily                    1,625,000
             6915    Brooklyn               Kings        NY            11215     Multifamily                      991,250
             6915    Brooklyn               Kings        NY            11215     Multifamily                      633,750
             6602    Shingle Springs        El Dorado    CA            95682     Manufactured Housing           1,274,085
        880255771    Conway                 Faulkner     AR            72032     Multifamily                    1,081,741


                                                                                  STUDIOS                        1 BEDROOM
                           INITIAL                                     ------------------------------  -----------------------------
      LOAN              POOL BALANCE                                                      AVG RENT                       AVG RENT
     NUMBER          PER UNIT OR PAD ($)   UTILITIES PAID BY TENANT       # UNITS        PER MO. ($)      # UNITS       PER MO. ($)
------------------------------------------------------------------------------------------------------------------------------------

             6242                 72,113            E,G,W,S                       670
      20062909010                 83,841                                                                          80            771
        940952615                 62,857
        940952204                 71,154                                                                         215            873
      20068538001                 73,620            E,G,S,W                                                       48            913
        940951857                120,000            W, G, E                                                       46            985
        940952758                 73,770            E, W, S                                                      153            740
      20068503026                 68,109             E,S,W                                                       204            761
      20069203003                144,366               E                                                   6 (6 beds)           700
        940952757                 73,684            E, W, S                                                      138            843
        940952854                 61,131
             6708                 31,790                                                         192             472            221
             5506                    131
             5506                 90,132                                                           7           2,029             96
             5506                    169
        940952759                 46,285             E, H                                                        114            740
        940952853                 57,031          E, S, W, T                       50            519             118            767
      20068510004                 28,455             E,S,W                  492 (beds)           386
      20068509003                 78,144            E, S, W                                                      128            932
             5343                 64,921               E                                                                         92
             5975                 69,697               E                          601
      20069217001                 41,895               E                                                         116            604
             6234                 70,946             E, W                       1,084
             5881                 34,627                                                                                         41
        880255774                 60,812
      20068514004                 44,554              E,G                                                         80            663
      20069225003                 51,607               E                           14            438              56            549
             5895                 36,256             E, G                                         22             437             90
      20068503027                 31,744               G                           79            490             136            591
        940952454                 46,970               E                                                          60            658
             6213                 26,349              E,G
        940952780                 44,792            E, W, S
      20069232017                 30,508              E,G                                                         12            470
        940952699                 31,304               E                                                          73            543
             6224                 63,158            E, S, W
        880255772                 27,488             E, H                                                         60            488
             6028                 20,135                                                                                        100
             6073                 15,301               E                                          76             330             68
             6029                 17,638                                                                                         84
             5853                 41,700             E, G                         415
        940952702                 21,336            E, H, W                                                       68            418
             6210                 17,029          E, G, W, S                      215
             6217                 23,299             E, G                                                                        16
             5447                 47,071               E                                                                         42
             6226                 24,000            E, G, W                       318
             6915                108,333                                                                                          6
             6915                141,607                                                                                          6
             6915                 79,219
             6602                 38,609            E, G, T                       398
        880255771                 27,044             S, W


                             2 BEDROOM                         3 BEDROOM                           4 BEDROOM
                  --------------------------------  ---------------------------------  ---------------------------------
      LOAN                            AVG RENT                           AVG RENT                            AVG RENT
     NUMBER           # UNITS        PER MO. ($)         # UNITS        PER MO. ($)         # UNITS         PER MO. ($)
------------------------------------------------------------------------------------------------------------------------

             6242
      20062909010              200            994                  48          1,153
        940952615
        940952204              107          1,216                  16          1,429
      20068538001              254          1,133                  24          1,625
        940951857              154          1,333
        940952758              134          1,064                  18          1,342
      20068503026              108            872
      20069203003      14 (28 beds)         1,000        36 (108 beds)         1,432       76 (304 beds)         1,867
        940952757               71          1,242                  19          1,859
        940952854              274            717
             6708              579             73                 751
             5506
             5506            2,568             49               3,176
             5506
        940952759              161            921                  48          1,171
        940952853               88            999
      20068510004
      20068509003               39          1,132
             5343              788             99                 606
             5975
      20069217001              140            789
             6234                             148               1,084
             5881              529            113                 642            104                749             24
        880255774               80            703                  76            773
      20068514004              122            784
      20069225003               56            632                  38            740
             5895              519             92                 633
      20068503027
        940952454               66            738                   6            818
             6213                             108                 545             72                630
        940952780               96            618
      20069232017               92            555                  14            681
        940952699               42            662
             6224                              25                 689             26                731              6
        880255772               41            582                   8            675
             6028              321             48                 419
             6073              375             28                 505             11                545
             6029              318             49                 388             13                345
             5853
        940952702               48            494
             6210
             6217              419             54                 516             20                623
             5447              690
             6226
             6915            1,119              8               1,023
             6915            1,119
             6915                               8               1,023
             6602
        880255771               40            540


                         5 BEDROOM
                  ------------------------
      LOAN                     AVG RENT       ELEVATORS
     NUMBER        #UNITS     PER MO. ($)       (Y/N)       CURRENT LTV     NCF DSCR    ORIG IO PERIOD
-------------------------------------------------------------------------------------------------------

             6242                                     No          77.44         1.21                24
      20062909010                                     No          78.57         1.19                 0
        940952615                                     No          71.29         1.20                60
        940952204                                     No          79.90         1.23                36
      20068538001                                     No          51.84         1.45                36
        940951857                                     No          69.36         1.27                36
        940952758                                     No          79.79         1.20                48
      20068503026                                     No          67.03         1.34               120
      20069203003                                    Yes          77.95         1.46                 0
        940952757                                     No          80.00         1.18                42
        940952854                                     No          79.76         1.31                24
             6708                                     No          77.25         1.20                36
             5506                                    Yes          79.33         1.49                12
             5506                                    Yes
             5506                                     No
        940952759                                     No          62.55         1.27                60
        940952853                                     No          79.78         1.35                24
      20068510004                                     No          71.43         1.20                36
      20068509003                                     No          82.73         1.22                12
             5343                                    Yes          70.86         1.20                24
             5975                                     No          76.67         1.20                60
      20069217001                                     No          55.00         1.67               120
             6234                                     No          69.08         1.21                60
             5881      780                            No          72.65         1.20                 0
        880255774                                     No          72.42         1.15                 0
      20068514004                                     No          76.78         1.12                60
      20069225003                                     No          78.37         1.20                 0
             5895                                     No          62.52         1.27                 0
      20068503027                                     No          75.00         1.21                24
        940952454                                     No          75.15         1.22                12
             6213                                     No          72.97         1.21                 0
        940952780                                     No          72.88         1.25                36
      20069232017                                     No          80.90         1.43                36
        940952699                                     No          72.00         1.21                24
             6224      770                            No          75.00         1.20                24
        880255772                                     No          71.34         1.33                 0
             6028                                     No          78.42         1.29                36
             6073                                     No          70.00         1.31                 0
             6029                                     No          76.87         1.36                36
             5853                                     No          79.49         1.20                 0
        940952702                                     No          80.36         1.16                 0
             6210                                     No          79.66         1.21                24
             6217                                     No          73.57         1.53                 0
             5447                                     No          65.90         1.38                 0
             6226                                     No          67.67         1.20                24
             6915                                     No          54.17         1.20                60
             6915                                     No
             6915                                     No
             6602                                     No          75.84         1.20                 0
        880255771                                     No          68.68         1.22                 0


      LOAN
     NUMBER            ORIG AM TERM    ORIG TERM     1ST PAYMENT DATE
----------------------------------------------------------------------

             6242               420           84             8/8/2006
      20062909010               360          120            10/1/2006
        940952615               360          120             9/1/2006
        940952204               360          120            12/1/2005
      20068538001               360          120            10/1/2006
        940951857               360          120             8/1/2005
        940952758               360          120             8/1/2006
      20068503026                 0          120             9/1/2006
      20069203003               360          120            10/1/2006
        940952757               360          120             7/1/2006
        940952854               360          120             8/1/2006
             6708               360          120             9/8/2006
             5506               360          120            10/8/2006
             5506
             5506
        940952759               360          120            10/1/2006
        940952853               360          120             8/1/2006
      20068510004               360          120            10/1/2006
      20068509003               360          120             7/1/2006
             5343               360           60             9/8/2006
             5975                 0           60            10/8/2006
      20069217001                 0          120             6/1/2006
             6234               360          120             9/8/2006
             5881               360          120             7/8/2006
        880255774               360          144             8/1/2006
      20068514004                 0           60            10/1/2006
      20069225003               360          120             9/1/2006
             5895               420          120             9/8/2006
      20068503027               360          120             9/1/2006
        940952454               360          120             7/1/2006
             6213               360          120             8/8/2006
        940952780               360          120             9/1/2006
      20069232017               360          120             9/1/2006
        940952699               360          120             8/1/2006
             6224               360          120             8/8/2006
        880255772               360          216             8/1/2006
             6028               360           60             8/8/2006
             6073               360          120            10/8/2006
             6029               360           60             8/8/2006
             5853               360          120             7/8/2006
        940952702               360          180            10/1/2006
             6210               360          120             8/8/2006
             6217               360          120             8/8/2006
             5447               360          120             8/8/2006
             6226               360          120             8/8/2006
             6915               360          120             9/8/2006
             6915
             6915
             6602               360          120             9/8/2006
        880255771               360          216             7/1/2006