10-K 1 bac07002_10k-2007.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark one) /X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2007 OR / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number: 333-130755-07 Banc of America Commercial Mortgage Trust 2007-2 (exact name of issuing entity as specified in its charter) Banc of America Commercial Mortgage Inc. (exact name of the depositor as specified in its charter) Bank of America, National Association Bear Stearns Commercial Mortgage, Inc. (exact name of the sponsors as specified in their charters) New York 54-2200001 (State or other jurisdiction of 54-2200002 incorporation or organization) 54-6747802 54-6747803 54-6747804 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive (Zip Code) offices) Telephone number, including area code: (410) 884-2000 Securities registered pursuant to Section 12(b) of the Act: NONE. Securities registered pursuant to Section 12(g) of the Act: NONE. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ___ No X Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ___ No X Note - Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Exchange Act from their obligations under those Sections. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No ___ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Not applicable. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer", "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. Large accelerated filer ___ Accelerated filer ___ Non-accelerated filer X (Do not check if a smaller reporting company) Smaller reporting company ___ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ___ No X State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter. Not applicable. Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Not applicable. Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date. Not applicable. DOCUMENTS INCORPORATED BY REFERENCE List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1)Any annual report to security holders; (2) Any proxy or information statement; and (3)Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980). Not applicable. PART I Item 1. Business. Omitted. Item 1A. Risk Factors. Omitted. Item 1B. Unresolved Staff Comments. None. Item 2. Properties. Omitted. Item 3. Legal Proceedings. Omitted. Item 4. Submission of Matters to a Vote of Security Holders. Omitted. PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Omitted. Item 6. Selected Financial Data. Omitted. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation. Omitted. Item 7A. Quantitative and Qualitative Disclosures About Market Risk. Omitted. Item 8. Financial Statements and Supplementary Data. Omitted. Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. Omitted. Item 9A. Controls and Procedures. Omitted. Item 9A(T). Controls and Procedures. Omitted. Item 9B. Other Information. None. PART III Item 10. Directors, Executive Officers and Corporate Governance. Omitted. Item 11. Executive Compensation. Omitted. Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. Omitted. Item 13. Certain Relationships and Related Transactions, and Director Independence. Omitted. Item 14. Principal Accounting Fees and Services. Omitted. ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB Item 1112(b) of Regulation AB, Significant Obligor Financial Information. ------------------------------------------------------------------------------- Beacon D.C. & Seattle Pool Loan Property Borrower Reported NOI (April 10,2007 - December 31, 2007) ------------------------------------------------------------------------------- Wells Fargo Center $ 12,159,135.90 Washington Mutual Tower (1) $ 9,574,525.30 City Center Bellevue $ 5,669,728.56 Sunset North $ 6,697,694.78 Plaza Center and US Bank Tower $ 5,437,604.55 Eastgate Office Park $ 2,344,378.01 Lincoln Executive Center Buildings I, II, III, A&B $ 2,723,394.44 Plaza East $ 1,420,153.90 Key Center $ 7,791,286.90 One, Two & Three Lafayette Centre $ 11,197,146.34 Market Square (2) $ 16,923,401.63 Army and Navy Club Building $ 2,008,282.90 Liberty Place $ 3,426,626.57 Reston Town Center (3) $ 15,983,352.44 1616 North Fort Myer Drive $ 4,860,718.39 1300 North Seventeenth Street (4) $ 6,761,331.54 Booz Allen Complex $ 11,710,023.51 Polk & Taylor Buildings $ 15,837,501.02 American Center $ 4,028,874.37 11111 Sunset Hills Road $ 2,376,221.67 ----------------------- Total $ 148,931,382.72 ------------------------------------------------------------------------------- (1) Represents a 62.8% interest in the Washington Mutual Tower property (in which an affiliate of the borrower is a 62.8% partner), prior to payment of approximately $3,605,875 of annual debt service ($2,264,490 based on a 62.8% pro-rata portion) on approximately $79,250,000 of existing debt ($49,769,000 based on a 62.8% pro-rata portion). (2) Represents a 100% interest in the Market Square property, prior to payment of existing debt to affiliates of the borrower, and prior to disbursement of 70% of cash flows after debt service to an affiliate of the borrower, and 30% to a non-affiliate. (3) Represents the Net Operating Income of the Reston Town Center property prior to payment of approximately $12,226,005 of annual debt service on approximately $211,250,000 of existing debt. (4) Represents the Net Operating Income of the 1300 North Seventeenth Street property prior to payment of approximately $4,754,630 of annual debt service on approximately $77,347,410 of existing debt. The Beacon D.C. & Seattle Pool mortgage loan constitutes a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB and as disclosed in the prospectus supplement for Banc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through Certificates, Series 2007-2. In accordance with Item 1112(b) of Regulation AB, the most recent un-audited net operating income of the significant obligor, as provided by the related borrower, was $148,931,382.72 (on an actual basis without adjustment except as noted in the footnotes to the chart above) for the period between the acquisition date, April 10, 2007, and the end of the fourth quarter, December 31, 2007. The Cash Flow Properties and the Market Square property, as defined in the prospectus supplement for Banc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through Certificates, Series 2007-2 constitute a significant obligor but are not a significant obligor under Item 1101(k)(2) of Regulation AB. Total revenue, net operating income, total assets and total long-term obligations, required pursuant to Item 1112(b) of Regulation AB and Item 301 of Regulation S-K are displayed in the charts below: ------------------------------------------------------------------------------- Property Name Borrower Reported Net Operating Income 2003 2004 ------------------------------------------------------------------------------- Market Square (1) $ 23,708,640 $ 23,025,123 Washington Mutual Tower (2) $ 16,537,073 $ 16,488,332 Reston Town Center (3) $ 16,708,954 $ 19,786,226 1300 North Seventeenth Street (4)$ 6,893,756 $ 6,638,448 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Property Name Borrower Reported Net Operating Income 2005 2006 ------------------------------------------------------------------------------- Market Square (1) $ 20,808,432 $ 18,729,016 Washington Mutual Tower (2) $ 16,274,293 $ 15,919,520 Reston Town Center (3) $ 20,712,822 $ 21,366,057 1300 North Seventeenth Street (4)$ 8,580,337 $ 9,069,143 ------------------------------------------------------------------------------- (1) Represents a 100% interest in the Market Square property, prior to payment of existing debt to the related borrower, and prior to disbursement of 70% of cash flows after debt service to the borrower, and 30% to a non-affliate, as described in the Market Square Joint Venture section within the prospectus supplement. (2) Represents a 62.8% interest in the Washington Mutual Tower property (in which an affiliate is a 62.8% partner), prior to the payment of approximately $3,605,875 of annual debt service ($2,264,490 on a 62.8% pro-rata portion on approximately $79,250,000 of existing debt ($49,769,000 based on a 62.8% pro-rata portion). (3) Represents the Net Operating Income of the Reston Town Center property prior to payment of approxiamately $12,226,005 of annual debt service on approximately $211,250,000 of existing debt. (4) Represents the Net Operating Income of the 1300 North Seventeenth Street property prior to payment of approximately $4,754,630 of annual debt service on approximately $77,347,410 of existing debt. ------------------------------------------------------------------------------- Property Name Borrower Reported 2007 Borrower Reported 2007 Total Revenue (1) Net Operating Income (1) ------------------------------------------------------------------------------- Market Square $ 29,214,988.44 $ 16,923,401.63 Washington Mutual Tower * $ 14,972,535.85 * $ 9,574,525.30 * Reston Town Center $ 24,948,762.70 $ 15,983,352.44 1300 North Seventeenth Street $ 9,960,036.25 $ 6,761,331.54 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Property Name Borrower Reported Borrower Reported Total Assets (2) Long-Term Obligations (2) ------------------------------------------------------------------------------ Market Square $ 514,279,038.95 $ 418,865,800.72 Washington Mutual Tower * $ 306,962,526.18 * $ -- * Reston Town Center $ 429,656,418.24 $ 217,153,567.10 1300 North Seventeenth Street $ 179,926,144.30 $ 78,471,098.41 ------------------------------------------------------------------------------- (1) According to the operating statements provided by the borrower for the period between the acquisition date, April 10, 2007 and the end of the fourth quarter, December 31, 2007. (2) According to the balance sheet provided by the related borrower dated December 2007. * Borrower Reported Total Revenue and Net Operating Income was adjusted to reflect a 62.8% interest in the operating statements provided for property owner, Third and University Limited Partnership. Total Assets and Long Term Obligations are reported for the Borrower's 62.8% joint venture interest, WA-1201 Third Avenue, without adjustment. Third and University Limited Partnership reports total assets of $120,672,330 and total long-term obligations of $79,364,970 according to the balance sheet provided by the related borrower dated December 31, 2007. Pursuant to Rule 12b-21 under the Securities Exchange Act of 1934, as amended, the Depositor has not included certain financial information including net operating income, net sales or operating revenues and income from continuing operations with respect to the Cash Flow Properties and the Market Square property for 2003, 2004, 2005, 2006 and the period between January 1, 2007 and April 10, 2007 and, with respect to each other Mortgaged Property, for the period between January 1, 2007 and April 10, 2007 (collectively the "Non-Provided Information"). The borrower did not own the Mortgaged Properties during the foregoing periods. The Mortgaged Properties (or equity interests in the owners thereof) were acquired by the borrower on April 10, 2007 from EOP Operating Limited Partnership and/or affiliates or subsidiaries thereof (collectively, "EOP/Blackstone"). The registrant and its affiliates are not affiliated with the borrower or EOP/Blackstone and the borrower is not affiliated with EOP/Blackstone. The Non-Provided Information was requested from the borrower, and the borrower indicated that it does not possess the Non-Provided Information. Item 1114(b)(2) of Regulation AB, Significant Enhancement Provider Financial Information. No entity or group of affiliated entities provides any external credit enhancement or other support for the certificates within this transaction as described under Item 1114 (a) of Regulation AB. Item 1115(b) of Regulation AB, Certain Derivatives Instruments (Financial Information). No entity or group of affiliated entities provides any derivative instruments or other support for the certificates within this transaction as described under Item 1115 of Regulation AB. Item 1117 of Regulation AB, Legal Proceedings. The registrant knows of no material pending legal proceedings involving the issuing entity and all parties related to the issuing entity, other than routine litigation incidental to the duties of those respective parties. Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related Transactions. No changes to the information provided in the prospectus previously filed in a 424(b)(5) filing dated June 6, 2007. Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria. The reports on assessment of compliance with the servicing criteria for asset-backed securities and the related attestation reports on such assessments of compliance are attached hereto under Item 15. In its report on assessment of compliance with the servicing criteria and the related public accounting firm attestation, Wachovia Bank National Association identified the following instances of noncompliance: 1122(d)(2)(1) - Certain payments on pool assets were not deposited into the appropriate custodial bank accounts within the timeframe as specified in the transaction agreements. Those payments were deposited into the appropriate custodial bank accounts after those timeframes. Wachovia Bank National Association's management does not believe that this failure to follow the transaction agreements resulted in any loss of control over trust assets or in any impact to investors. Wachovia Bank National Association states that it implemented additional controls in 2008 to better monitor these processes and correct the non-compliance. 1122(d)(2)(ii) - Certain disbursements made via wire transfer were authorized by personnel for amounts greater than such personnel's approval limits. Wachovia Bank National Association's management does not believe that this failure to follow internal procedures resulted in any incorrect wire transfers or in any impact to investors. Wachovia Bank National Association states that it implemented additional controls in 2007 to better monitor these processes and correct the non-compliance. LaSalle Bank National Association's ("LaSalle") Report on Assessment of Compliance with Servicing Criteria for 2007 (the "2007 Assessment") attached to this Report on Form 10-K describes in Appendix B the following material instance of noncompliance related to investor reporting: "1122(d)(3)(i)(A) and (B) - During the Reporting Period, certain monthly investor or remittance reports were not prepared in accordance with the terms set forth in the transaction agreements and certain investor reports did not provide the information calculated in accordance with the terms specified in the transaction agreements for which certain individual errors may or may not have been material." (See the 2007 Assessment for the meaning of defined terms in the above quotation.) The investor reporting errors identified on LaSalle's 2007 Assessment as material instances of noncompliance (the "Investor Reporting Errors") included, for example, revised delinquency, REO, foreclosure, repurchase, payoff or modified loan counts, category indicators and/or balances. The conclusion in the 2007 Assessment that the Investor Reporting Errors amounted to a material instance of noncompliance was based primarily on the aggregate number of errors as opposed to the materiality of any one error. The Investor Reporting Errors were generally caused by human error resulting primarily from high volume monthly data processing demands that had to be addressed within constricted time frames with less than a full complement of operational staff. Between the fourth quarter of the year ended December 31, 2007 and the date of the 2007 Assessment, LaSalle has employed additional operational staff to accommodate the high volume of monthly investor reporting requirements and minimize the risk of the Investor Reporting Errors recurring. Other necessary controls are in place to minimize the risk of such errors. With respect to the specific pool assets and asset-backed securities related to the Investor Reporting Errors, LaSalle asserts that the errors did not have, and are not reasonably likely in the future to have, any material impact or effect on pool asset performance, servicing of the pool assets and payments or expected payments on the mortgage-backed securities. Item 1123 of Regulation AB, Servicer Compliance Statement. The servicer compliance statements are attached hereto under Item 15. Part IV Item 15. Exhibits, Financial Statement Schedules. (a) Exhibits. (4) Pooling and Servicing Agreement, dated as of June 1, 2007, by and among Banc of America Commercial Mortgage Inc., as depositor, Bank of America, National Association, as Master Servicer, LNR Partners, Inc., as Special Servicer, and Wells Fargo Bank, N.A., as Trustee and REMIC Administrator (including exhibits), incorporated by reference from Exhibit 4 of the issuing entity's Current Report on Form 8-K filed on June 18, 2007. (31) Rule 13a-14(d)/15d-14(d) Certification. (33) Reports on assessment of compliance with servicing criteria for asset-backed securities. 33.1 Bank of America, National Association as Master Servicer 33.2 Bank of America, National Association as Master Servicer for the 575 Lexington Avenue loan 33.3 Centerline Servicing Inc. as Special Servicer for the Beacon Seattle & DC Portfolio loan 33.4 CWCapital Asset Management LLC as Special Servicer for the 575 Lexington Avenue loan 33.5 First American Commercial Real Estate Services, Inc. as Sub-Contractor for Wachovia Bank, National Association 33.6 Global Realty Outsourcing, Inc. as Sub-Contractor for Wachovia Bank, National Association 33.7 LaSalle Bank, National Association as Trustee for the 575 Lexington Avenue loan 33.8 LNR Partners, Inc. as Special Servicer 33.9 LNR Partners, Inc. as Special Servicer for the 575 Lexington Avenue loan 33.10 Midland Loan Services, Inc. as a Primary Servicer 33.11 The Bank of New York as Trustee for the Beacon Seattle & DC Portfolio loan 33.12 Wachovia Bank, National Association as Primary Servicer for the Beacon Seattle & DC Portfolio Loan 33.13 Wells Fargo Bank, N.A. as Trustee 33.14 Wells Fargo Bank, N.A. as Custodian 33.15 Wells Fargo Bank, N.A. as Master Servicer for the Beacon Seattle & DC Portfolio loan
(34) Attestation reports on assessment of compliance with servicing criteria for asset-backed securities. 34.1 Bank of America, National Association as Master Servicer 34.2 Bank of America, National Association as Master Servicer for the 575 Lexington Avenue loan 34.3 Centerline Servicing Inc. as Special Servicer for the Beacon Seattle & DC Portfolio loan 34.4 CWCapital Asset Management LLC as Special Servicer for the 575 Lexington Avenue loan 34.5 First American Commercial Real Estate Services, Inc. as Sub-Contractor for Wachovia Bank, National Association 34.6 Global Realty Outsourcing, Inc. as Sub-Contractor for Wachovia Bank, National Association 34.7 LaSalle Bank, National Association as Trustee for the 575 Lexington Avenue loan 34.8 LNR Partners, Inc. as Special Servicer 34.9 LNR Partners, Inc. as Special Servicer for the 575 Lexington Avenue loan 34.10 Midland Loan Services, Inc. as a Primary Servicer 34.11 The Bank of New York as Trustee for the Beacon Seattle & DC Portfolio loan 34.12 Wachovia Bank, National Association as Primary Servicer for the Beacon Seattle & DC Portfolio Loan 34.13 Wells Fargo Bank, N.A. as Trustee 34.14 Wells Fargo Bank, N.A. as Custodian 34.15 Wells Fargo Bank, N.A. as Master Servicer for the Beacon Seattle & DC Portfolio loan
(35) Servicer compliance statement. 35.1 Bank of America, National Association as Master Servicer 35.2 Bank of America, National Association as Master Servicer for the 575 Lexington Avenue loan 35.3 Centerline Servicing Inc. as Special Servicer for the Beacon Seattle & DC Portfolio loan 35.4 LNR Partners, Inc. as Special Servicer 35.5 Wachovia Bank, National Association as Primary Servicer for the Beacon Seattle & DC Portfolio Loan 35.6 Wells Fargo Bank, N.A. as Trustee 35.7 Wells Fargo Bank, N.A. as Master Servicer for the Beacon Seattle & DC Portfolio loan
(99.1) Mortgage Loan Purchase and Sale Agreement, dated as of June 1, 2007, between Banc of America Commercial Inc. and Bank of America, National Association, incorporated by reference from Exhibit 99.1 of the issuing entity's Current Report on Form 8-K filed on June 18, 2007. (99.2) Mortgage Loan Purchase and Sale Agreement, dated as of June 1, 2007, between Banc of America Commercial Inc. and Bear Stearns Commercial Mortgage, Inc., incorporated by reference from Exhibit 99.2 of the issuing entity's Current Report on Form 8-K filed on June 18, 2007. (b) Not applicable. (c) Omitted. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Banc of America Commercial Mortgage Inc. (Depositor) /s/ Peter Cookson Peter Cookson, Senior Vice President (senior officer in charge of securitization of the depositor) Date: March 28, 2008 Exhibit Index Exhibit No. (4) Pooling and Servicing Agreement, dated as of June 1, 2007, by and among Banc of America Commercial Mortgage Inc., as depositor, Bank of America, National Association, as Master Servicer, LNR Partners, Inc., as Special Servicer, and Wells Fargo Bank, N.A., as Trustee and REMIC Administrator (including exhibits), incorporated by reference from Exhibit 4 of the issuing entity's Current Report on Form 8-K filed on June 18, 2007. (31) Rule 13a-14(d)/15d-14(d) Certification. (33) Reports on assessment of compliance with servicing criteria for asset-backed securities. 33.1 Bank of America, National Association as Master Servicer 33.2 Bank of America, National Association as Master Servicer for the 575 Lexington Avenue loan 33.3 Centerline Servicing Inc. as Special Servicer for the Beacon Seattle & DC Portfolio loan 33.4 CWCapital Asset Management LLC as Special Servicer for the 575 Lexington Avenue loan 33.5 First American Commercial Real Estate Services, Inc. as Sub-Contractor for Wachovia Bank, National Association 33.6 Global Realty Outsourcing, Inc. as Sub-Contractor for Wachovia Bank, National Association 33.7 LaSalle Bank, National Association as Trustee for the 575 Lexington Avenue loan 33.8 LNR Partners, Inc. as Special Servicer 33.9 LNR Partners, Inc. as Special Servicer for the 575 Lexington Avenue loan 33.10 Midland Loan Services, Inc. as a Primary Servicer 33.11 The Bank of New York as Trustee for the Beacon Seattle & DC Portfolio loan 33.12 Wachovia Bank, National Association as Primary Servicer for the Beacon Seattle & DC Portfolio Loan 33.13 Wells Fargo Bank, N.A. as Trustee 33.14 Wells Fargo Bank, N.A. as Custodian 33.15 Wells Fargo Bank, N.A. as Master Servicer for the Beacon Seattle & DC Portfolio loan
(34) Attestation reports on assessment of compliance with servicing criteria for asset-backed securities. 34.1 Bank of America, National Association as Master Servicer 34.2 Bank of America, National Association as Master Servicer for the 575 Lexington Avenue loan 34.3 Centerline Servicing Inc. as Special Servicer for the Beacon Seattle & DC Portfolio loan 34.4 CWCapital Asset Management LLC as Special Servicer for the 575 Lexington Avenue loan 34.5 First American Commercial Real Estate Services, Inc. as Sub-Contractor for Wachovia Bank, National Association 34.6 Global Realty Outsourcing, Inc. as Sub-Contractor for Wachovia Bank, National Association 34.7 LaSalle Bank, National Association as Trustee for the 575 Lexington Avenue loan 34.8 LNR Partners, Inc. as Special Servicer 34.9 LNR Partners, Inc. as Special Servicer for the 575 Lexington Avenue loan 34.10 Midland Loan Services, Inc. as a Primary Servicer 34.11 The Bank of New York as Trustee for the Beacon Seattle & DC Portfolio loan 34.12 Wachovia Bank, National Association as Primary Servicer for the Beacon Seattle & DC Portfolio Loan 34.13 Wells Fargo Bank, N.A. as Trustee 34.14 Wells Fargo Bank, N.A. as Custodian 34.15 Wells Fargo Bank, N.A. as Master Servicer for the Beacon Seattle & DC Portfolio loan
(35) Servicer compliance statement. 35.1 Bank of America, National Association as Master Servicer 35.2 Bank of America, National Association as Master Servicer for the 575 Lexington Avenue loan 35.3 Centerline Servicing Inc. as Special Servicer for the Beacon Seattle & DC Portfolio loan 35.4 LNR Partners, Inc. as Special Servicer 35.5 Wachovia Bank, National Association as Primary Servicer for the Beacon Seattle & DC Portfolio Loan 35.6 Wells Fargo Bank, N.A. as Trustee 35.7 Wells Fargo Bank, N.A. as Master Servicer for the Beacon Seattle & DC Portfolio loan
(99.1) Mortgage Loan Purchase and Sale Agreement, dated as of June 1, 2007, between Banc of America Commercial Inc. and Bank of America, National Association, incorporated by reference from Exhibit 99.1 of the issuing entity's Current Report on Form 8-K filed on June 18, 2007. (99.2) Mortgage Loan Purchase and Sale Agreement, dated as of June 1, 2007, between Banc of America Commercial Inc. and Bear Stearns Commercial Mortgage, Inc., incorporated by reference from Exhibit 99.2 of the issuing entity's Current Report on Form 8-K filed on June 18, 2007.