FWP 1 file1.htm FREE WRITING PROSPECTUS


The depositor has filed a registration statement (including a prospectus) with
the SEC (SEC File No. 333-141638) for the offering to which this communication
relates. Before you invest, you should read the prospectus in that registration
statement and other documents the depositor has filed with the SEC for more
complete information about the depositor, the issuing entity 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 1-800-666-2388 or by emailing CMBSREQ@lehman.com.

THE INFORMATION IN THIS FREE WRITING PROSPECTUS MAY BE AMENDED AND/OR
SUPPLEMENTED PRIOR TO THE TIME OF SALE. THE INFORMATION IN THIS FREE WRITING
PROSPECTUS SUPERSEDES THE INFORMATION IN ANY PRIOR VERSIONS HEREOF AND WILL BE
SUPERSEDED BY THE INFORMATION IN ANY SUBSEQUENT FREE WRITING PROSPECTUSES
CONVEYED PRIOR TO THE TIME OF SALE. THIS FREE WRITING PROSPECTUS DOES NOT
CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITY
OTHER THAN THE OFFERED CERTIFICATES, NOR DOES IT CONSTITUTE AN OFFER TO SELL OR
A SOLICITATION OF AN OFFER TO BUY ANY OF THE OFFERED CERTIFICATES, TO ANY PERSON
IN ANY JURISDICTION IN WHICH IT IS UNLAWFUL TO MAKE SUCH AN OFFER OR
SOLICITATION TO SUCH PERSON. THE DISTRIBUTION OF THIS FREE WRITING PROSPECTUS
AND THE OFFER OR SALE OF THE OFFERED CERTIFICATES MAY BE RESTRICTED BY LAW IN
CERTAIN JURISDICTIONS. PERSONS INTO WHOSE POSSESSION THIS FREE WRITING
PROSPECTUS OR ANY OF THE OFFERED CERTIFICATES COME MUST INFORM THEMSELVES ABOUT,
AND OBSERVE, ANY SUCH RESTRICTIONS. EACH PROSPECTIVE PURCHASER OF THE OFFERED
CERTIFICATES MUST COMPLY WITH ALL APPLICABLE LAWS AND REGULATIONS IN FORCE IN
ANY JURISDICTION IN WHICH IT PURCHASES, OFFERS OR SELLS THE OFFERED CERTIFICATES
OR POSSESSES OR DISTRIBUTES THIS FREE WRITING PROSPECTUS AND MUST OBTAIN ANY
CONSENT, APPROVAL OR PERMISSION REQUIRED BY IT FOR THE PURCHASE, OFFER OR SALE
BY IT OF THE OFFERED CERTIFICATES UNDER THE LAWS AND REGULATIONS IN FORCE IN ANY
JURISDICTION TO WHICH IT IS SUBJECT OR IN WHICH IT MAKES SUCH PURCHASES, OFFERS
OR SALES, AND NEITHER THE ISSUER NOR ANY OF THE UNDERWRITERS HAVE ANY
RESPONSIBILITY WITH RESPECT THERETO. THIS FREE WRITING PROSPECTUS WAS PREPARED
ON THE BASIS OF CERTAIN ASSUMPTIONS (INCLUDING, IN CERTAIN CASES, ASSUMPTIONS
SPECIFIED BY THE RECIPIENT HEREOF) REGARDING PAYMENTS, INTEREST RATES, WEIGHTED
AVERAGE LIVES AND WEIGHTED AVERAGE LOAN AGE, LOSS AND OTHER MATTERS. THE ACTUAL
AMOUNT, RATE OR TIMING OF PAYMENTS ON ANY OF THE UNDERLYING ASSETS MAY BE
DIFFERENT THAN ANTICIPATED, AND THEREFORE THE PAYMENTS OR YIELD INFORMATION
REGARDING THE CERTIFICATES MAY BE DIFFERENT FROM THE INFORMATION PROVIDED
HEREIN. THE UNDERWRITERS MAY FROM TIME TO TIME PERFORM INVESTMENT BANKING
SERVICES FOR OR SOLICIT INVESTMENT BANKING BUSINESS FROM ANY COMPANY NAMED IN
THE INFORMATION HEREIN. THE UNDERWRITERS AND/OR THEIR EMPLOYEES MAY FROM TIME TO
TIME HAVE A LONG OR SHORT POSITION IN ANY CONTRACT OR SECURITY DISCUSSED HEREIN.

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

ANY LEGENDS, DISCLAIMERS OR OTHER NOTICES OR LANGUAGE THAT MAY APPEAR IN THE
TEXT OF, AT THE BOTTOM OF, OR ATTACHED TO, AN EMAIL COMMUNICATION TO WHICH THIS
MATERIAL MAY HAVE BEEN ATTACHED, THAT ARE SUBSTANTANTIVELY SIMILAR TO OR IN THE
NATURE OF THE FOLLOWING DISCLAIMERS, STATEMENTS OR LANGUAGE, ARE NOT APPLICABLE
TO THESE MATERIALS AND SHOULD BE DISREGARDED: (I) DISCLAIMERS REGARDING ACCURACY
OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN OR RESTRICTIONS AS TO
RELIANCE ON THE INFORMATION CONTAINED HEREIN BY INVESTORS; (II) DISCLAIMERS OF
RESPONSIBILITY OR LIABILITY; (III) STATEMENTS REQUIRING INVESTORS TO READ OR
ACKNOWLEDGE THAT THEY HAVE READ OR UNDERSTAND THE REGISTRATION STATEMENT OR ANY
DISCLAIMERS OR LEGENDS; (IV) LANGUAGE INDICATING THAT THIS COMMUNICATION IS
NEITHER A PROSPECTUS NOR AN OFFER TO SELL OR A SOLICITATION OR AN OFFER TO BUY;
(V) STATEMENTS THAT THIS INFORMATION IS PRIVILEGED, CONFIDENTIAL OR OTHERWISE
RESTRICTED AS TO USE OR RELIANCE; AND (VI) A LEGEND THAT INFORMATION CONTAINED
IN THESE MATERIALS WILL BE SUPERSEDED OR CHANGED BY THE FINAL PROSPECTUS, IF THE
FINAL PROSPECTUS IS NOT DELIVERED UNTIL AFTER THE DATE OF THE CONTRACT FOR SALE.
SUCH LEGENDS, DISCLAIMERS OR OTHER NOTICES HAVE BEEN AUTOMATICALLY GENERATED AS
A RESULT OF THESE MATERIALS HAVING BEEN SENT VIA BLOOMBERG OR ANOTHER EMAIL
SYSTEM.




LBUBS 07C6 - 8/1/2007



                                                    # OF                       PROPERTY   MORTGAGE LOAN     MORTGAGE
LOAN NUMBER             PROPERTY NAME            PROPERTIES    PROPERTY TYPE    SUBTYPE       SELLER      CLOSING DATE
----------------------------------------------------------------------------------------------------------------------

070304002             Barons Apartments               1        Multifamily      Garden   Lehman Brothers    5/23/2007
070313003       Greenhouse on Holcomb Bridge          1        Multifamily      Garden   Lehman Brothers    5/15/2007
070417001                Bear Canyon                  1        Multifamily      Garden   Lehman Brothers    6/14/2007
070605001               Highland Parc                 1        Multifamily      Garden   Lehman Brothers    6/29/2007
070323004               Forest Ridge                  1        Multifamily      Garden   Lehman Brothers    5/31/2007
070426005          Dolphin Bay Apartments             1        Multifamily      Garden   Lehman Brothers    6/26/2007
070330007                The Villas                   1        Multifamily      Garden   Lehman Brothers    5/31/2007
061103003          Pecan Valley Apartments            1        Multifamily      Garden   Lehman Brothers   12/28/2006
070411011         Paradise Vista Apartments           1        Multifamily      Garden   Lehman Brothers    6/26/2007
070307006              Dolphin Landing                1        Multifamily      Garden   Lehman Brothers    6/29/2007
070419002          Beacon Hill Apartments             1        Multifamily      Garden   Lehman Brothers       TBD
070524004           Sun Forest Apartments             1        Multifamily      Garden   Lehman Brothers       TBD
070123009               Pelican Isles                 1        Multifamily      Garden   Lehman Brothers       TBD
070404004            Sunridge Apartments              1        Multifamily      Garden   Lehman Brothers    5/31/2007
061102001      FRANKLIN PROPERTIES APARTMENTS         4        MULTIFAMILY      GARDEN   LEHMAN BROTHERS    7/26/2007
061102001A    Franklin Woods Apartment Complex        1        Multifamily      Garden   Lehman Brothers       N/A
061102001B   Franklin Terrace Apartment Complex       1        Multifamily      Garden   Lehman Brothers       N/A
061102001C    Franklin Manor Apartment Complex        1        Multifamily      Garden   Lehman Brothers       N/A
061102001D            31-33 Nellie St.                1        Multifamily      Garden   Lehman Brothers       N/A
070506001         Dogwood Creek Apartments            1        Multifamily      Garden   Lehman Brothers       TBD
070508005          Stoney Creek Apartments            1        Multifamily      Garden   Lehman Brothers       TBD
070226002         Blessing Mobile Home Park           1      Mobile Home Park     N/A    Lehman Brothers    6/22/2007
070103005        Cottages at Northern Hills           1        Multifamily      Duplex   Lehman Brothers    4/30/2007
070117001           1738 House Apartments             1        Multifamily      Garden   Lehman Brothers    2/12/2007
070326004           Park Place Apartments             1        Multifamily      Garden   Lehman Brothers    7/27/2007
060309010             363 Ocean Parkway               1        Multifamily     Mid-Rise  Lehman Brothers       TBD
070209006              Sendera Pointe                 1        Multifamily      Garden   Lehman Brothers    4/18/2007
061130005          Cedar Bluff Apartments             1        Multifamily      Garden   Lehman Brothers    5/8/2007
070131010           Wellington Apartments             1        Multifamily      Garden   Lehman Brothers    4/5/2007
070328034            Whitsett Apartments              1        Multifamily      Garden   Lehman Brothers    7/17/2007


                                MORTGAGE
LOAN NUMBER  CURRENT BALANCE  GROSS COUPON  APPRAISAL VALUE                  ADDRESS                        CITY
---------------------------------------------------------------------------------------------------------------------

070304002     30,200,000.00      5.8400      37,750,000.00               2101 US-80 East                  Mesquite
070313003     23,900,000.00      6.2500      31,225,000.00          8520 Holcomb Bridge Road              Roswell
070417001     22,500,000.00      6.1434      33,300,000.00         9055 East Catalina Highway              Tucson
070605001     20,200,000.00      6.2500      29,775,000.00           1113 Powers Ferry Place              Marietta
070323004     16,240,000.00      6.1900      20,300,000.00             3720 S. Yaqui Drive               Flagstaff
070426005     15,100,000.00      6.7500      20,400,000.00            730 Silver Oak Drive              Carson City
070330007     12,000,000.00      6.1300      15,150,000.00   1709, 1710 and 1718 South Jentilly Lane       Tempe
061103003     12,000,000.00      5.7900      15,000,000.00               3450 Southcross                San Antonio
070411011     11,250,000.00      6.4700      15,400,000.00             7102 North 43rd Ave                Glendale
070307006     9,227,000.00       6.4200      12,600,000.00               6402 Weber Road               Corpus Christi
070419002     8,000,000.00       6.0100      11,000,000.00              9959 Adleta Blvd                   Dallas
070524004     6,000,000.00       6.0100       7,500,000.00              420 Garland Drive               Lake Jackson
070123009     5,100,000.00       6.6525       7,200,000.00          925 Pelican Isles Circle             Sebastian
070404004     5,050,000.00       6.2700       7,570,000.00          145 East Pioneer Parkway           Grand Prairie
061102001     5,000,000.00       6.7700       6,530,000.00                   VARIOUS                      VARIOUS
061102001A         N/A             N/A        4,100,000.00        1792-1800 New London Turnpike         West Warwick
061102001B         N/A             N/A         774,000.00             100 Pawtuxet Terrace              West Warwick
061102001C         N/A             N/A         516,000.00              29-31 Knight Street              West Warwick
061102001D         N/A             N/A        1,140,000.00              31-33 Nellie St.                 Providence
070506001     4,175,000.00       6.5700       6,000,000.00           3237 Yanceyville Street             Greensboro
070508005     3,000,000.00       6.0400       4,000,000.00              265 Ronald Avenue                 Ashland
070226002     2,928,003.62       6.7100       3,780,000.00             1102 Martin Avenue                Round Rock
070103005     2,800,000.00       5.6600       3,750,000.00             800 North Chowning                  Edmond
070117001     2,800,000.00       6.0900       3,900,000.00               489 Main Street                 Sturbridge
070326004     2,650,000.00       6.7900       3,800,000.00          935, 945 & 950 W. 5th St.              Corona
060309010     2,650,000.00       6.4000       3,750,000.00              363 Ocean Parkway                 Brooklyn
070209006     2,630,425.64       6.2300       3,300,000.00          6311 Beverly Hill Street              Houston
061130005     2,600,000.00       5.8000       3,400,000.00               5930 Red Bluff                   Pasadena
070131010     2,600,000.00       5.8700       3,270,000.00   2102-2105 33rd St. & 2100-2101 34th St.      Lubbock
070328034     2,425,000.00       6.4700       3,777,000.00            5261 Whitsett Avenue             Valley Village


                                                    NUMBER OF   LOAN PER NET
                                                  NET RENTABLE    RENTABLE    OCCUPANCY  OCCUPANCY
LOAN NUMBER         COUNTY        STATE    ZIP     UNITS/PADS     UNIT/PAD     FROM RR      DATE    ELEVATORS
-------------------------------------------------------------------------------------------------------------

 070304002          Dallas          TX    75150        508          59,449       89.8%   5/21/2007      N
 070313003          Fulton          GA    30022        437          54,691       96.1%   4/24/2007      N
 070417001           Pima           AZ    85749        238          94,538       93.3%   6/13/2007      N
 070605001           Cobb           GA    30067        420          48,095       93.3%   6/12/2007      N
 070323004         Coconino         AZ    86001        278          58,417       94.6%   5/18/2007      N
 070426005       Carson City        NV    89706        132         114,394       55.3%    7/9/2007      N
 070330007         Maricopa         AZ    85281        137          87,591       99.3%   4/27/2007      N
 061103003          Bexar           TX    78223        379          31,662       88.9%   4/19/2007      N
 070411011         Maricopa         AZ    85301        352          31,960       94.0%   6/22/2007      N
 070307006          Nueces          TX    78413        218          42,326       90.8%   6/29/2007      N
 070419002          Dallas          TX    75243        396          20,202       74.5%   5/14/2007      N
 070524004         Brazoria         TX    77566        178          33,708       85.8%    7/5/2007      N
 070123009   Indian River County    FL    32958        150          34,000       94.7%    3/7/2007      N
 070404004          Dallas          TX    75052        332          15,211       85.8%   5/22/2007      N
 061102001         VARIOUS          RI   VARIOUS       100          50,000       96.1%    VARIOUS       N
061102001A           Kent           RI    02893         60          52,323       98.3%    8/1/2007      N
061102001B           Kent           RI    02893         12          49,387      100.0%    8/1/2007      N
061102001C           Kent           RI    02893         8           49,387       75.0%   7/23/2007      N
061102001D        Providence        RI    02904         20          43,645       95.0%   7/23/2007      N
 070506001         Guilford         NC    27405        129          32,364      100.0%   7/12/2007      N
 070508005           Erie           OH    44805        156          19,231       79.5%   7/7/2007       N
 070226002        Williamson        TX    78681        173          16,925       80.9%   6/11/2007      N
 070103005         Oklahoma         OK    73034         60          46,667       96.7%   4/25/2007      N
 070117001        Worcester         MA    01566         44          63,636      100.0%   1/25/2007      Y
 070326004          Orange          CA    92879         48          55,208      100.0%   5/31/2007      N
 060309010         New York         NY    11218         46          57,609      100.0%   5/21/2007      Y
 070209006          Harris          TX    77057        121          21,739       90.1%   4/17/2007      N
 061130005          Harris          TX    77505        105          24,762       94.3%    5/2/2007      N
 070131010         Lubbock          TX    79411         94          27,660       91.5%    4/3/2007      N
 070328034       Los Angeles        CA    91607         28          86,607       96.4%   7/17/2007      N


LOAN NUMBER    UTILITIES PAID BY TENANT   # UNITS UNDERGOING RENOVATION  NUMBER OF MODEL UNITS/RENTAL OFFICE  #OF PADS (MH)
---------------------------------------------------------------------------------------------------------------------------

070304002    Electric, Sewer, Water                            0                         2
070313003    Electric, Gas, Sewer, Water                       0                         1
070417001    Electric, Sewer, Water                            0                         1
070605001    Electric, Gas, Sewer, Water                       0                         0
070323004    Electric, Gas, Sewer, Water                       1                         0
070426005    Electric, Gas                                     0                         2
070330007    Electric, Gas, Sewer, Water                       0                         0
061103003    Electric, Water                                   4                         0
070411011    Electric                                          0                         2
070307006    Electric                                          0                         0
070419002    Electric                                          3                         1
070524004    Electric, Sewer, Water                            0                         0
070123009    Electric, Sewer, Water                            0                         0
070404004    Electric, Sewer, Water                            20                        0
061102001    N/A                                               0                         0
061102001A   N/A                                               0                         0
061102001B   N/A                                               0                         0
061102001C   N/A                                               0                         0
061102001D   N/A                                               0                         0
070506001    Electric                                          0                         0
070508005    Electric, Sewer, Water                            0                         0
070226002    Electric                                          0                         0                        173
070103005    Electric, Sewer, Water                            0                         1
070117001    N/A                                               0                         0
070326004    N/A                                               0                         1
060309010    Electric                                          0                         0
070209006    Water                                             0                         1
061130005    Electric, Sewer, Water                            0                         0
070131010    Electric, Gas                                     0                         1
070328034    Electric, Gas                                     0                         0




LOAN NUMBER  MH AVG RATE  MH MAX RATE  RECREATIONAL VEHICLES  TOTAL NUMBER OF HOME SITES  AVERAGE CONTRACT RENT PER HOMESITE
----------------------------------------------------------------------------------------------------------------------------

 070304002
 070313003
 070417001
 070605001
 070323004
 070426005
 070330007
 061103003
 070411011
 070307006
 070419002
 070524004
 070123009
 070404004
 061102001
061102001A
061102001B
061102001C
061102001D
 070506001
 070508005
 070226002      $298          $325              N/A                       173                             295
 070103005
 070117001
 070326004
 060309010
 070209006
 061130005
 070131010
 070328034


             TOTAL GROSS INCOME (INC.  TOTAL GROSS
                RENT FROM PERMANENT    INCOME FROM            STUDIO                        1 BEDROOM
             HOMESITES & RV SITES, IF  RV SITES, IF   # OF    AVERAGE  STUDIO MAX   # OF 1   AVERAGE    1 BEDROOM
LOAN NUMBER            ANY)                ANY       STUDIOS   RENT       RENT     BEDROOM     RENT      MAX RENT  # OF 2 BEDROOM
---------------------------------------------------------------------------------------------------------------------------------

070304002                                                                            324        $661        $931        184
070313003                                                                            115        $606      $1,006        282
070417001                                                                                         72        $888        118
070605001                                               64      $521     $635        146        $612        $790        194
070323004                                               88      $525     $659         80        $626        $759         96
070426005                                                                             48      $1,143      $1,598         72
070330007                                                                             13        $675        $720         82
061103003                                                                            184        $508        $595        156
070411011                                              136      $493     $519        130        $593        $619         86
070307006                                                                             47        $505        $525        147
070419002                                                                            299        $511        $635         97
070524004                                                                            131        $454        $660         47
070123009                                                                             32        $422        $430         78
070404004                                                                            184        $373        $470        148
061102001                                                2      $595     $595         33        $704        $795         65
061102001A                                                                            11        $670        $795         49
061102001B                                                                             2        $638        $675         10
061102001C                                                                             2        $575        $600          6
061102001D                                               2      $595     $595         18        $747        $750
070506001                                               20      $356     $375         98        $495        $575         11
070508005                                                                             24        $390        $420         76
070226002               N/A                N/A
070103005                                                                                                                56
070117001                                               12      $663     $670         20        $825
070326004                                                8      $538     $550         39        $709        $825         12
060309010                                                                             38        $783        $750          1
070209006                                               64      $467     $490         57        $611      $1,004          8
061130005                                                                             16        $492        $860         83
070131010                                                                                                   $605         94
070328034                                                                             21        $860      $1,050          7


             2 BEDROOM                      3 BEDROOM                      4 BEDROOM
              AVERAGE   2 BEDROOM   # OF 3   AVERAGE   3 BEDROOM   # OF 4   AVERAGE   4 BEDROOM                 COMMERCIAL
LOAN NUMBER     RENT     MAX RENT  BEDROOM     RENT     MAX RENT  BEDROOM     RENT     MAX RENT  # COMMERCIAL  AVERAGE RATE
---------------------------------------------------------------------------------------------------------------------------

 070304002       $901     $1,233
 070313003       $655       $893      40        $844     $1,195
 070417001       $980     $1,067      48      $1,145     $1,283
 070605001       $775       $984      16        $961     $1,185
 070323004       $697       $949      14        $936     $1,064
 070426005     $1,137     $1,700      12      $1,665     $2,300
 070330007       $816       $995      42      $1,000     $1,060
 061103003       $645       $810      39        $776       $830
 070411011       $634       $659
 070307006       $620       $655      23        $745       $775      1        $850       $850
 070419002       $671       $745
 070524004       $630       $765
 070123009       $509       $518      40        $592       $602
 070404004       $500       $705
 061102001       $782       $820
061102001A       $792       $820
061102001B       $753       $775
061102001C       $738       $750
061102001D
 070506001       $596       $625
 070508005       $477       $590      56        $540       $590
 070226002
 070103005       $669       $745       4        $708       $800
 070117001       $923       $925
 070326004       $500       $500
 060309010       $798     $1,267
 070209006
 061130005       $580       $715       6        $825       $825
 070131010       $479       $650
 070328034     $1,230     $1,375


                                                                                                                          REMAINING
              COMMERCIAL   COMMERCIAL                                ORIGINAL  REMAINING  BELOW-THE-LINE  AMORTIZATION  AMORTIZATION
LOAN NUMBER  AVERAGE RATE   MAX RATE   STUDENT  MILITARY  SECTION 8    TERM      TERM      AMORTIZATION       TERM          TERM
------------------------------------------------------------------------------------------------------------------------------------

 070304002                                N        N          N         120       118           N/A            360           360
 070313003                                N        N          N         60        58            N/A            360           360
 070417001                                N        N          N         60        59            N/A             0             0
 070605001                                N        N          N         60        59            N/A            360           360
 070323004                                N        N          N         120       118           N/A            360           360
 070426005                                N        N          N         120       119           N/A            360           360
 070330007                                N        N          N         120       118           N/A            360           360
 061103003                                Y        N          N         120       113           N/A            360           360
 070411011                                N        N          Y         120       119           N/A            360           360
 070307006                                N        N          N         120       119           N/A            360           359
 070419002                                N        N          N         60        60            N/A            360           360
 070524004                                N        N          N         120       120           N/A            360           360
 070123009                                N        N          N         180       180           N/A            360           360
 070404004                                N        N          N         120       118           N/A            360           360
 061102001                                N        N          N         60        60            N/A            324           324
061102001A                                N        N          N         N/A       N/A           N/A            N/A           N/A
061102001B                                N        N          N         N/A       N/A           N/A            N/A           N/A
061102001C                                N        N          N         N/A       N/A           N/A            N/A           N/A
061102001D                                N        N          N         N/A       N/A           N/A            N/A           N/A
 070506001                                N        N          N         120       120           N/A            360           360
 070508005                                N        N          N         120       120           N/A            360           360
 070226002                                N        N          N         84        83            N/A            360           359
 070103005                                Y        N          N         120       117           N/A            360           360
 070117001                                N        N          N         120       115           N/A            360           360
 070326004                                N        N          N         120       120           N/A            360           360
 060309010                                N        N          N         120       120           N/A            360           360
 070209006                                N        N          N         120       117           N/A            360           357
 061130005                                N        N          N         120       117           N/A            360           360
 070131010                                Y        N          N         120       116           N/A            360           360
 070328034                                N        N          N         120       120           N/A            360           360


             INTEREST                      CUT-OFF
               ONLY    REMAINING  CURRENT   UW NCF  UW NCF
LOAN NUMBER   PERIOD   IO PERIOD    LTV      DSCR    DSCR   FOOTNOTES
---------------------------------------------------------------------

 070304002      60         58       80.0     1.20    1.00
 070313003      36         34       76.5     1.23    1.06
 070417001      60         59       67.6     1.20    1.20
 070605001      36         35       67.8     1.17    1.00
 070323004      60         58       80.0     1.21    1.03
 070426005      24         23       74.0     0.43    0.38
 070330007      48         46       79.2     1.16    0.99
 061103003      60         53       80.0     1.25    1.05
 070411011      24         23       73.1     1.26    1.09
 070307006       0         0        73.2     1.05    1.05
 070419002       0         0        72.7     1.63    1.63       1
 070524004      48         48       80.0     1.44    1.22
 070123009       0         0        70.8     1.21    1.21       2
 070404004      24         22       66.7     1.41    1.21
 061102001       0         0        76.6     1.14    1.14
061102001A      N/A       N/A       N/A      N/A      N/A       3
061102001B      N/A       N/A       N/A      N/A      N/A
061102001C      N/A       N/A       N/A      N/A      N/A
061102001D      N/A       N/A       N/A      N/A      N/A
 070506001       0         0        69.6     1.19    1.19
 070508005      24         24       75.0     1.44    1.22       4
 070226002       0         0        77.5     1.38    1.38
 070103005      36         33       74.7     1.69    1.40
 070117001      24         19       71.8     1.40    1.19
 070326004      24         24       69.7     1.18    1.04       5
 060309010      60         60       70.7     1.21    1.05       6
 070209006       0         0        79.6     1.28    1.28
 061130005      24         21       76.5     1.50    1.25
 070131010      60         56       79.5     1.50    1.26
 070328034      36         36       64.2     1.26    1.10






Number   Property Name                                 Note
------   ----------------------   ----------------------------------------------
  1      Beacon Hills             Deloitte was provided with the dated rent roll
                                  for Beacon Hills, however the rent roll was
                                  unsigned. Please note that Deloitte checked
                                  the dated rent roll and no exceptions were
                                  found.

  2      Pelican Isles            Deloitte was provided with the dated rent roll
                                  for Pelican Isles, however the rent roll was
                                  unsigned. Please note that Deloitte checked
                                  the dated rent roll and no exceptions were
                                  found.

  3      Franklin Woods           Deloitte noted that the total actual rent per
                                  the BRR is $47,835, however based on
                                  Deloitte's recalculation, the total actual
                                  rent in BRR should be $45,520.

  4      Stoney Creek Apartment   Deloitte was provided with the dated rent roll
                                  for Stoney Creek, however the rent roll was
                                  unsigned. Please note that Deloitte checked
                                  the dated rent roll and no exceptions were
                                  found.

  5      Park Place Apartments    Deloitte was provided with the rent roll dated
                                  5/31/2007, which is also used for underwriting
                                  however, the rent roll is not signed by the
                                  borrower. Deloitte is awaiting the certified
                                  rent roll. Therefore, Deloitte is unable to
                                  verify the rent balances for park place due to
                                  missing support.

  6      363 Ocean Parkway        Deloitte was provided with the dated rent roll
                                  for 363 Ocean Parkway, however the rent roll
                                  was unsigned. Please note that Deloitte
                                  checked the dated rent roll and no exceptions
                                  were found.