FWP 1 file1.htm


ML-CFC 2007-6 - New Issue $2.17bn Fixed Rate CMBS

ML-CFC Commercial Mortgage Trust 2007-6
Commercial Mortgage Pass-Through Certificates, Series 2007-6

Bookrunners:        Merrill Lynch, Countrywide
Co-Lead Managers:   Merrill Lynch, Countrywide
Co-Managers:        Credit Suisse, Morgan Stanley
Rating Agencies:    Fitch, Moody's


Please note the following with respect to the MLCFC 2007-6 transaction:

With respect to the mortgage loan known as Blackpoint Puerto Rico Retail

Portfolio, which mortgage loan represents 3.9% of the initial mortgage pool
balance, the property in the photograph included on the left side of p.38 in
Annex C to the free writing prospectus dated March 19, 2007 is not part of the
collateral for the mortgage loan.

With respect to the mortgage loan known as Doubletree Nashville, which mortgage
loan represents 1.9% of the initial mortgage pool balance, the calculations for
DSCR used throughout the free writing prospectus dated March 19, 2007 were based
on stabilized net cash flow ("NCF") and stabilized net operating income("NOI").
The "as is" underwritten DSCR on NOI and "as is" underwritten DSCR on NCF is
1.48x and 1.25x, respectively.

With respect to the mortgage loan known as Bowles Avenue Marketplace, which
mortgage loan represents 1.0 % of the initial mortgage pool balance, an
affiliate of the largest tenant at the property, Bally Total Fitness Holding
Corp. ("Bally"), indicated in a Form 8K dated March 15, 2007, that its
anticipated annual operating cash flow levels are insufficient to satisfy debt
related obligations and to fund maintenance and deferred capital expenditures.
The company also indicated that it will be unable to file its annual report with
the Securities and Exchange Commission by Friday, March 16, 2007 and this will
cause a default under an indenture (under which, subject to certain notice
requirements, the related lender may declare the obligations immediately due and
payable). The company did not indicate when the report would be filed. The
company indicated that there is a substantial possibility that the company will
seek or be forced to reorganize its operations under Chapter 11. The Bally
tenant has been operating at this location for approximately 21 years. With
respect to the second largest tenant at the property, Hancock Fabrics, Inc. and
its subsidiaries ("Hancock") filed a voluntary petition for Chapter 11 relief on
March 21, 2007. Together, Bally and Hancock occupy 42,000 square feet (25% of
the square footage) at the property and account for 23% of the rent. If both
tenants vacate the property, the DSCR (based on interest only payments) would be
1.11x and the DSCR (based on amortizing payments) would be 0.91x. If only
Hancock vacates the property, the DSCR (based on interest only payments) would
be 1.40x and the DSCR (based on amortizing payments) would be 1.15x. According
to the appraisal prepared in connection with the securitization, Hancock rent is
34% below market. In contemplation of the financial situation of these tenants,
Countrywide



structured the loan as follows: (i) as a ten year loan with the first five years
being interest only, (ii) in the event that Bally's goes dark or files for
bankruptcy, the loan documents require a cash flow sweep until there is $325,000
in a separate rollover reserve, and (iii) on the origination date, the borrower
deposited (a) $100,000, which was deposited into a rollover reserve and (b)
$90,000, is an amount equaling one year's rent for the Hancock tenant. If
certain tests set forth in the loan agreement are met, the reserves may be
released.

With respect to the mortgage loan known as Renaissance at Norman Apartments,
which mortgage loan represents 0.6% of the initial mortgage pool balance, the
related borrowers are obligated to an affiliate in the original sum of $540,000
pursuant to a deferred payment agreement. This obligation is unsecured. The
mortgage lender entered into a subordination agreement with the creditor under
the deferred payment agreement, pursuant to which the deferred payment
obligation was expressly subordinated to the mortgage loan.

With respect to the mortgage loan known as Renaissance at Norman Apartments,
which mortgage loan represents 0.6% of the initial mortgage pool balance, the
Occupancy % of 75.9 reflects the occupancy as of 5/17/2005. The current
Occupancy % of 96.5% is as of 2/28/2007.

With respect to the mortgage loan known as Breckenridge VIII, which mortgage
loan represents 0.2% of the initial mortgage pool balance, the borrower is
permitted to prepay the mortgage loan with a yield maintenance premium during
the initial lockout period if an affiliate of the borrower simultaneously
defeases another loan (a non-trust loan) and only until the commencement of the
defeasance period. Following commencement of the defeasance period, the borrower
may obtain a release of collateral only through defeasance. The prepayment
string in the annex is changing from LO(26),Def(90),O(4) to
LO(13),GRTRofYMor1%(13),Def(90),O(4)

The depositor has filed a registration statement (including a prospectus) with
the SEC (SEC File No. 333-130408) 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 toll free 866-500-5408. This material is for your
information and none of Merrill Lynch, Pierce, Fenner & Smith Incorporated,
Countrywide Securities Corporation, Credit Suisse Securities (USA) LLC or Morgan
Stanley & Co. Incorporated (the "Underwriters") is soliciting any action based
upon it. The Underwriters and their affiliates, officers, directors, partners
and employees, including persons involved in the preparation of issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned herein orderivatives thereof (including options).

Information in this material regarding any assets backing supersedes all prior
contradictory information regarding such assets. Any



legends, disclaimers or other notices 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 substantially similar to or in the nature of the
following 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) legends 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.