FWP 1 dfwp.htm FWP FWP
       

Free Writing Prospectus

       

Filed Pursuant to Rule 433

       

Registration No. 333-130789-06

STATEMENT REGARDING FREE WRITING PROSPECTUS

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free 1-866-803-9204.

This free writing prospectus does not contain all information that is required to be included in the base prospectus and the prospectus supplement.

The Information in this free writing prospectus is preliminary and is subject to completion or change.

The Information in this free writing prospectus supersedes information contained in any prior similar free writing prospectus relating to these securities prior to the time of your commitment to purchase.

This free writing prospectus is not an offer to sell or solicitation of an offer to buy these securities in any state where such offer, solicitation or sale is not permitted.

2)

SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION

The information contained in the attached materials (the “Information”) may include various forms of performance analysis, security characteristics and securities pricing estimates for the securities described therein. Should you receive Information that refers to the “Statement Regarding Assumptions and Other Information”, please refer to this statement instead. The Information is illustrative and is not intended to predict actual results which may differ substantially from those reflected in the Information. Performance analysis is based on certain assumptions with respect to significant factors that may prove not to be as assumed. Performance results are based on mathematical models that use inputs to calculate results. As with all models, results may vary significantly depending upon the value given to the inputs. Inputs to these models include but are not limited to: prepayment expectations (econometric prepayment models, single expected lifetime prepayments or a vector of periodic prepayments), interest rate assumptions (parallel and nonparallel changes for different maturity instruments), collateral assumptions (actual pool level data, aggregated pool level data, reported factors or imputed factors), volatility assumptions (historically observed or implied current) and reported information (paydown factors, rate resets, remittance reports and trustee statements). Models used in any analysis may be proprietary, the results therefore, may be difficult for any third party to reproduce. Contact your registered representative for detailed explanations of any modeling techniques employed in the Information.

The Information may not reflect the impact of all structural characteristics of the security, including call events and cash flow priorities at all prepayment speeds and/or interest rates. You should consider whether the behavior of these securities should be tested using assumptions different from those included in the Information. The assumptions underlying the Information, including structure and collateral, may be modified from time to time to reflect changed facts and circumstances. Offering Documents contain data that is current as of their publication dates and after publication may no longer be accurate, complete or current. Contact your registered representative for Offering Documents, current Information or additional materials, including other models for performance analysis, which are likely to produce different results, and any further explanation regarding the Information.

Any pricing estimates Bear Stearns has supplied at your request (a) represent our view, at the time determined, of the investment value of the securities between the estimated bid and offer levels, the spread between which may be significant due to market volatility or illiquidity, (b) do not constitute a bid by Bear Stearns or any other person for any security, (c) may not constitute prices at which the securities could have been purchased or sold in any market at any time, (d) have not been confirmed by actual trades, may vary from the value Bear Stearns assigns or may be assigned to any such security while in its inventory, and may not take into account the size of a position you have in the security, and (e) may have been derived from matrix pricing that uses data relating to other securities whose prices are more readily ascertainable to produce a hypothetical price based on the estimated yield spread relationship between the securities.

General Information: Bear Stearns and/or individuals associated therewith may have positions in these securities while the Information is circulating or during such period may engage in transactions with the issuer or its affiliates. We act as principal in transactions with you, and accordingly, you must determine the appropriateness for you of such transactions and address any legal, tax or accounting considerations applicable to you. Bear Stearns shall not be a fiduciary or advisor unless we have agreed in writing to receive compensation specifically to act in such capacities. If you are subject to ERISA, the Information is being furnished on the condition that it will not form a primary basis for any investment decision.

3)

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

ANY LEGENDS, DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR AT THE BOTTOM OF, OR ATTACHED TO, THIS EMAIL COMMUNICATION RELATING TO

(1) THESE MATERIALS NOT CONSTITUTING AN OFFER (OR A SOLICITATION OF AN OFFER),

(2) NO REPRESENTATION THAT THESE MATERIALS ARE ACCURATE OR COMPLETE AND MAY NOT BE UPDATED OR

(3) THESE MATERIALS POSSIBLY BEING CONFIDENTIAL

ARE NOT APPLICABLE TO THESE MATERIALS AND SHOULD BE DISREGARDED. SUCH LEGENDS, DISCLAIMERS OR OTHER NOTICES HAVE BEEN AUTOMATICALLY GENERATED AS A RESULT OF THESE MATERIALS HAVING BEEN SENT VIA BLOOMBERG OR ANOTHER SYSTEM.

YM Summary

Type 1

Standard YM: PV of future cashflows to maturity discounted at the difference (if such difference is greater than zero) between (y) the related Interest Rate and (z) the Discount Rate

UC000001    BEACON SEATTLE & DC PORTFOLIO    27   
UC000002    32 SIXTH AVENUE    27   
UC000004    KALAHARI WATERPARK RESORT    27   
UC000006    DETROIT LIBERTY PORTFOLIO    27   
UC000018    NORTH GRAND MALL    27   
UC000019    BEAVER BROOK APARTMENTS    27   
UC000032    SHOPS AT MALTA    27   
UC000035    OAKS SHOPPING CENTER    27   
UC000038    KINGWOOD OFFICE    27   
UC000041    ARENA SHOPS    27   
UC000043    THE SHOPS AT ROCKAWAY    27   
UC000046    GREENWAY INDUSTRIAL    27   
UC000050    HUNTING CREEK PLAZA    27   
UC000051    GRANT STREET PORTFOLIO    27   
UC000053    CHESTNUT HILL    27   
UC000058    TRI-TECH PLAZA    27   
UC000064    VINTNER’S SQUARE    27   
UC000069    WHITE FLINT STORAGE VILLAGE    27   
UC000072    ROCKSIDE ROAD PORTFOLIO    27   
UC000074    EXPONENT HR OFFICE BUILDING    27   
UC000077    VILLAGE AT TOWN CENTER    27   
UC000078    TOWN AND COUNTRY CENTER    27   
UC000080    SHOPS AT LINCOLN SCHOOL    27   
UC000081    75TH STREET CENTER    27   
UC000087    THE REMINGTON AT VALLEY RANCH    27   
UC000098    GALLERIA VILLAGE SHOPPING CENTER    27   
UC000108    MILLERSVILLE STORAGE VILLAGE    27   
UC000115    SACKETT INDUSTRIAL CENTER    27   
UC000121    1200 FIRST COLONIAL ROAD    27   
UC000122    1201 FIRST COLONIAL ROAD    27   
UC000138    GREENBRIAR MEDICAL OFFICE BUILDING    27   
UC000140    SPRING MILL MANOR    27   
UC000143    SOUTHERN OAKS    27   
UC000148    MIDTOWN BUSINESS CENTER    27   
UC000156    PRAIRIE VIEW APARTMENTS    27   
UC000169    PARADISE VALLEY BAPTIST    27   
UC000177    COLLEYVILLE SQUARE    27   
UC000179    LANDOVER STORAGE VILLAGE    27   
UC000184    THREE STAR CENTER    27   
UC000204    BRADFORD PLACE    27   
Type 2         
Standard YM: PV of future cashflows to maturity discounted at treasury rate (Semi)+50bps   
UC000089    CHESAPEAKE CENTER    20    0.5
UC000095    HAMPTON INN & SUITES - CAPE CORAL    20    0.5

Type 3            
Standard YM: PV of future cashflows to maturity discounted at treasury rate (Semi)      
UC000003    THE MALL AT PRINCE GEORGES    20           
UC000009    MILLENNIUM I II & III    20           
UC000010    PERIMETER EXPO    20           
UC000013    ANNAPOLIS MARRIOTT WATERFRONT    20           
UC000014    ONE LINCOLN PARK APARTMENTS    20           
UC000015    50 WEST LIBERTY STREET    20           
UC000016    KBS - 625 SECOND STREET    20           
UC000017    KBS - CRESCENT GREEN    20           
UC000020    RENAISSANCE COLUMBUS    20           
UC000021    PGA DESIGN CENTER    20           
UC000022    COURTYARD BY MARRIOTT - SILVER SPRING    20           
UC000023    BRISTOL PLACE APARTMENTS    20           
UC000024    1500 MITTEL BLVD    20           
UC000026    RIVERVIEW PLAZA    20           
UC000027    MCINTYRE SQUARE    20           
UC000031    KBS - KENSINGTON    20           
UC000033    CHESTERFIELD COMMONS 4    20           
UC000034    HASTINGS RANCH PLAZA SHOPPING CENTER    20           
UC000036    HILTON GARDEN INN - CORVALLIS    20           
UC000037    GREENS CORNER    20           
UC000040    HOLIDAY INN - ROCHESTER AIRPORT    20           
UC000045    JACKSON DOWNS    20           
UC000052    LONGS DRUG STORE SANTA MONICA    20           
UC000055    KAILUA SELF STORAGE    20           
UC000056    KONA SELF STORAGE    20           
UC000057    TURNSTONE OFFICE PARK    20           
UC000060    BELTWAY CORPORATE CENTER    20           
UC000061    KBS - SABAL VI    20           
UC000062    CANAL FARMS SHOPPING CENTER    20           
UC000076    KIMBERLY CLARK INDUSTRIAL    20           
UC000079    HILTON HOUSTON SOUTHWEST    20           
UC000082    WINCHESTER PORTFOLIO    20           
UC000083    AXCESS CENTER SARASOTA    20           
UC000084    CENTERVILLE    20           
UC000086    VILLAGE AT PARKER II    20           
UC000088    CUPERTINO BUSINESS CENTER    20           
UC000090    NEW VISION OFFICE PARK    20           
UC000096    HARBOUR POINTE    20           
UC000097    TRADE CENTER BUILDINGS    20           
UC000101    DANBURY OF CUYAHOGA FALLS    20           
UC000102    COMFORT INN & SUITES UNIVERSITY SQUARE    20           
UC000104    PYRAMID BUILDING    20           
UC000105    AL SHAW MINI POOL    20           
UC000106    3355 EL SEGUNDO BOULEVARD    20           
UC000107    HYLAND HILLS SHOPPING CENTER    20           
UC000109    SKYLINE APARTMENTS    20           
UC000110    AIRPORT COMMERCIAL COMPLEX    20           
UC000113    SINKING SPRINGS PLAZA    20           
UC000114    26090 YNEZ ROAD INDUSTRIAL    20           
UC000116    100 EAST GRAHAM INDUSTRIAL    20           
UC000117    OAK BROOK OFFICE BUILDING    20           

UC000118    SHASTA EXECUTIVE PLAZA    20           
UC000119    SHADELAND SOUTH BUSINESS PARK    20           
UC000120    FIVE POINTS PLAZA    20           
UC000123    COUNTRY HILLS DRIVE    20           
UC000125    MANASSAS JUNCTION SHOPPING CENTER    20           
UC000126    MSC INDUSTRIAL BUILDING    20           
UC000127    OLD STONE APARTMENTS    20           
UC000128    AUSTELL PLAZA    20           
UC000129    HOMEWOOD SUITES - LONGVIEW TX    20           
UC000130    RESIDENCE INN SAN ANTONIO    20           
UC000131    LYNMARIE APARTMENTS    20           
UC000132    SMARTHEALTH FACILITY    20           
UC000133    STUTSON BRIDGE PLAZA    20           
UC000134    RIDGE HUDSON PLAZA    20           
UC000139    CAPTAIN’S SELF STORAGE    20           
UC000142    BRIARWICK APARTMENTS    20           
UC000144    MONROE BUILDING    20           
UC000145    REDWOOD ROYALE APARTMENTS    20           
UC000147    COTTAGE GROVE PLAZA    20           
UC000149    RICHARDSON    20           
UC000150    WAYMORE STORAGE PORTFOLIO    20           
UC000151    EMERALD POINTE GARDEN SENIOR APARTMENTS    20           
UC000152    ARBOR LANE APARTMENTS    20           
UC000153    ELLISTON PLACE    20           
UC000154    HARBOURSIDE CENTRE    20           
UC000157    EATON UNIVERSITY INDUSTRIAL PARK    20           
UC000159    USGS BUILDING    20           
UC000160    PICO RIVERA INDUSTRIAL BUILDING    20           
UC000161    PACIFIC PLAZA RETAIL CENTER    20           
UC000165    WALGREENS KENNESAW    20           
UC000167    PROVINCE SHOPPING CENTER    20           
UC000171    CRYDEN INDUSTRIAL BUILDING    20           
UC000172    LINCOLN COURT MEDICAL OFFICE    20           
UC000174    13539 FREEWAY DRIVE INDUSTRIAL    20           
UC000175    ACADEMY SPORTS - HOUSTON TX    20           
UC000176    COSNER’S CORNER - PANERA BREAD    20           
UC000178    GARDENBROOK APARTMENTS    20           
UC000180    CORDATA PLACE SHOPPING CENTER    20           
UC000181    STEWART ROAD & 89TH STREET    20           
UC000182    PLAZA WEST OFFICE BUILDING    20           
UC000183    GLENWOOD SPRINGS RETAIL    20           
UC000185    CLOVERDALE HEIGHTS APARTMENTS    20           
UC000187    SIERRA BUSINESS CENTER    20           
UC000188    HERMOSA PROFESSIONAL BUILDING    20           
UC000191    356-374 SOUTH MILPITAS BOULEVARD    20           
UC000192    NEW SEASONS MARKET    20           
UC000194    BIG TEX STORAGE - HOUSTON TX    20           
UC000195    STORAGE SOLUTIONS    20           
UC000196    ROSEMOUNT BUSINESS CENTER    20           
UC000197    AAA ALL AMERICAN SELF STORAGE    20           
UC000198    AMERICAN EAGLE MINI STORAGE    20           
UC000200    SAVERS RETAIL    20           

UC000202    VANOWEN CENTER MIXED USE    20           
UC000203    1221 INNSBRUCK DRIVE - SUNNYVALE    20           
UC000206    THE WASHINGTON MUTUAL BUILDING    20           
UC000207    MILLS RIDGE APARTMENTS - BROOKINGS    20           
UC000210    STORAGE VILLAGE - FAYETTEVILLE GA    20           
UC000211    BENT TREE MIDWAY PLAZA    20           
UC000212    NORTH PORT STORAGE - NORTH PORT FL    20           
UC000213    ECKERD DRUGS - MANLIUS NY    20           
UC000214    LOCK N KEY - GARLAND    20           
UC000215    3520 LAKE AVENUE WILMETTE IL    20           
UC000217    CICI’S PIZZA CENTER - TOMBALL TX    20           
UC000218    RAILROAD EMPORIUM    20           
UC000221    HARBOR PLACE OFFICES    20           
UC000222    GIACONDA CORPORATE CENTER    20           
UC000223    2406 WOODMERE DRIVE    20           
UC000224    EXCLUSIVE WINDOWS    20           
UC000225    STOR IT! SELF STORAGE    20           
UC000226    TRACTOR SUPPLY COMPANY - MISSION TX    20           
UC000227    WEDGEWOOD SHOPPING CENTER    20           
UC000228    16130 STAGG STREET INDUSTRIAL    20           
UC000229    KINGMAN TOWN CENTER    20           
UC000230    503-523 W WASHINGTON BLVD    20           
UC000231    ASP STREET INVESTMENTS    20           
UC000232    LOCK N KEY - NORTH BUCKNER    20           
UC000233    WEST END SHOPPING CENTER    20           
UC000234    HEIDNER PLAZA SHOPPING CENTER    20           
UC000235    TRUXEL ROAD 4170    20           
UC000236    RITE AID - LAS VEGAS NV    20           
UC000237    CHULA VISTA SELF STORAGE GROUND LEASE    20           
UC000238    RITE AID - OKEMOS    20           
UC000239    MAPLE TREE PLAZA SHOPPES    20           
UC000241    4263-4287 MISSION BLVD    20           
UC000242    GATEWAY EXECUTIVE CENTER    20           
UC000243    27756 AVENUE HOPKINS    20           
UC000245    VILLAGE SHOPPING CENTER - PA    20           
UC000246    1148 & 1156 W VALENCIA    20           
UC000247    VILLAGE AT THE OAKS    20           
UC000248    ADVANCE AUTO - MARQUETTE    20           
UC000249    DOMINION CONVENIENCE CENTER WOODBRIDGE    20           
UC000250    WESTERN DENTAL - LANCASTER    20           
UC000252    FOREST LAKE 18 PLEX APARTMENT BUILDING    20           
UC000253    17TH AND STATE ST - SHOPS    20           
UC000255    990 HOLCOMB BRIDGE ROAD    20           
UC000258    3420-8 BOSTON ROAD    20           
UC000259    4122 W VENUS WAY    20           
UC000260    THUNDERBIRD RETAIL PLAZA    20           
UC000261    GRAND AVENUE RETAIL    20           
Type 4            
Standard YM: PV of future cashflows to maturity discounted at treasury rate converted to an MEY      
UC000005    AIRPARK BUSINESS CENTER    3           

UC000007    ST ANDREWS AT PERIMETER APARTMENTS    3            
UC000008    POST CREST APARTMENTS    3            
UC000011    SHOPS AT NORTHERN BOULEVARD    3            
UC000012    POST COLLIER HILLS APARTMENTS    3            
UC000025    PREMIUM DISTRIBUTORS OF VA    3            
UC000028    8880 CAL CENTER    3            
UC000029    ASHFORD OAKS    3            
UC000030    FIRST COLONY 24    3            
UC000039    MERCHANTS WALK    3            
UC000042    MERIDIAN VILLAGE SHOPPING CENTER    3            
UC000044    B&M DEVELOPMENT PORTFOLIO    3            
UC000047    HARTFORD CORPORATE PLAZA    3            
UC000048    RICHBORO SHOPPING CENTER    3            
UC000049    VILLAGE EAST SHOPPING CENTER    3            
UC000054    SCALAMANDRE SILK BUILDING    3            
UC000059    POMONA MARKET PLACE    3            
UC000063    2505 STEELE STREET    3            
UC000065    RIANNA II    3            
UC000066    ISLAND PARK SHOPPING CENTER    3            
UC000067    44348-44388 OLD WARM SPRINGS BOULEVARD    3            
UC000068    WESTLAND PLAZA    3            
UC000070    CASTLE WAY APARTMENTS    3            
UC000071    CLINTON COMMONS    3            
UC000073    COPPELL TOWN CENTER    3            
UC000075    1125-1139 POST ROAD    3            
UC000085    SUNTREE SQUARE    3            
UC000091    BEST BUY - RANCHO CUCAMONGA    3            
UC000092    35 ENTERPRISE AVENUE    3            
UC000093    2285 OCEAN AVENUE    3            
UC000094    OAK HILLS MEDICAL PLAZA    3            
UC000099    FOX RUN APARTMENTS    3            
UC000100    1840 WEST 49TH STREET    3            
UC000103    ONE MIFFLIN PLACE    3            
UC000111    CLEAR CREEK PLAZA    3            
UC000112    2300 GRAND CONCOURSE    3            
UC000124    1210 SHERMAN AVENUE    3            
UC000135    IRON MOUNTAIN    3            
UC000136    PARK CENTER III & IV    3            
UC000137    2765 KINGSBRIDGE TERRACE    3            
UC000141    5514 GRAPE ROAD    3            
UC000146    3371-3373 DECATUR AVENUE    3            
UC000155    1344 UNIVERSITY AVENUE    3            
UC000158    115 WEST STREET    3            
UC000162    GLENVIEW ESTATES TOWNHOMES    3            
UC000163    2264 CRESTON AVENUE    3            
UC000164    7930 SOUTH LOOP 289    3            
UC000166    WALGREEN’S HAMILTON TOWNSHIP    3            
UC000168    2773-2779 BRIGGS AVENUE    3            
UC000170    INDIO INDUSTRIAL BUILDING    3            
UC000173    1111 EAST LAKE STREET    3            
UC000186    TREE TOPS VILLAS & TOWER VILLAGE APARTMENTS    3            
UC000189    TWINBROOK POST OFFICE    3            

UC000190    551 MARSHALL PHELPS ROAD    3            
UC000193    CANYON ROAD RETAIL    3            
UC000199    OFFICE DEPOT - DALLAS    3            
UC000201    16062 SOUTHWEST FREEWAY    3            
UC000205    COMERICA BANK    3            
UC000208    SHOPPES ON THE PARKWAY    3            
UC000209    902 COLUMBIA AVENUE    3            
UC000216    10535 WILCREST    3            
UC000219    FOX HOLLOW    3            
UC000220    WHITTIER WOODS APARTMENTS    3            
UC000240    MCGRATH’S FISH HOUSE PORTFOLIO    3            
UC000244    1118-1122 WASHINGTON AVENUE    3            
UC000251    465 SOUTH DENTON TAP ROAD    3            
UC000254    8735 BOLLMAN PLACE    3            
UC000256    6408 STELLHORN ROAD    3            
UC000257    52 SOUTH MAIN STREET    3