<PAGE> 1
EXHIBIT 99
TERM SHEETS
<PAGE> 2
CMBS NEW ISSUE TERM SHEET
$804,473,831 (APPROXIMATE)
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
(FORMERLY KNOWN AS NATIONSLINK FUNDING CORPORATION)
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
OFFERED CLASSES A-1, A-2, B, C, D, E, F, G, H
AND X CERTIFICATES
BANK OF AMERICA, N.A. AND HVB REALTY CAPITAL INC.
MORTGAGE LOAN SELLERS
ORIX REAL ESTATE CAPITAL MARKETS, LLC
MASTER SERVICER
LENNAR PARTNERS, INC.
SPECIAL SERVICER
OCTOBER 2000
THIS MATERIAL IS FOR YOUR PRIVATE INFORMATION AND BANC OF AMERICA SECURITIES LLC
AND HYPOVEREINSBANK CAPITAL MARKETS (THE "UNDERWRITERS") ARE NOT SOLICITING ANY
ACTION BASED UPON IT. THIS MATERIAL IS NOT TO BE CONSTRUED AS AN OFFER TO SELL
OR THE SOLICITATION OF ANY OFFER TO BUY ANY SECURITY IN ANY JURISDICTION WHERE
SUCH AN OFFER OR SOLICITATION WOULD BE ILLEGAL. THIS MATERIAL IS BASED ON
INFORMATION THAT THE UNDERWRITERS CONSIDER RELIABLE, BUT THE UNDERWRITERS DO NOT
REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS
SUCH. BY ACCEPTING THIS MATERIAL THE RECIPIENT AGREES THAT IT WILL NOT
DISTRIBUTE OR PROVIDE THE MATERIAL TO ANY OTHER PERSON. THE INFORMATION
CONTAINED IN THIS MATERIAL MAY PERTAIN TO SECURITIES THAT ULTIMATELY ARE NOT
SOLD. THE INFORMATION CONTAINED IN THIS MATERIAL MAY BE BASED ON ASSUMPTIONS
REGARDING MARKET CONDITIONS AND OTHER MATTERS AS REFLECTED HEREIN. THE
UNDERWRITERS MAKE NO REPRESENTATION REGARDING THE REASONABLENESS OF SUCH
ASSUMPTIONS OR THE LIKELIHOOD THAT ANY OF SUCH ASSUMPTIONS WILL COINCIDE WITH
ACTUAL MARKET CONDITIONS OR EVENTS, AND THIS MATERIAL SHOULD NOT BE RELIED UPON
FOR SUCH PURPOSES. THE UNDERWRITERS AND THEIR AFFILIATES, OFFICERS, DIRECTORS,
PARTNERS AND EMPLOYEES, INCLUDING PERSONS INVOLVED IN THE PREPARATION OR
ISSUANCE OF THIS MATERIAL MAY, FROM TIME TO TIME, HAVE LONG OR SHORT POSITIONS
IN, AND BUY AND SELL, THE SECURITIES MENTIONED THEREIN OR DERIVATIVES THEREOF
(INCLUDING OPTIONS). THIS MATERIAL MAY BE FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION (THE "SEC") AND INCORPORATED BY REFERENCE INTO AN EFFECTIVE
REGISTRATION STATEMENT PREVIOUSLY FILED WITH THE SEC UNDER RULE 415 OF THE
SECURITIES ACT OF 1933, INCLUDING ALL CASES WHERE THE MATERIAL DOES NOT PERTAIN
TO SECURITIES THAT ARE ULTIMATELY OFFERED FOR SALE PURSUANT TO SUCH REGISTRATION
STATEMENT. INFORMATION CONTAINED IN THIS MATERIAL IS CURRENT AS OF THE DATE
APPEARING ON THIS MATERIAL ONLY. INFORMATION IN THIS MATERIAL REGARDING ANY
ASSETS BACKING ANY SECURITIES DISCUSSED HEREIN SUPERSEDES ALL PRIOR INFORMATION
REGARDING SUCH ASSETS. ANY INFORMATION IN THE MATERIAL, WHETHER REGARDING THE
ASSETS BACKING ANY SECURITIES DISCUSSED HEREIN OR OTHERWISE, WILL BE SUPERSEDED
BY THE INFORMATION CONTAINED IN ANY FINAL PROSPECTUS FOR ANY SECURITIES ACTUALLY
SOLD TO YOU. THIS MATERIAL IS FURNISHED SOLELY BY THE UNDERWRITERS AND NOT BY
THE ISSUER OF THE SECURITIES. THE ISSUER OF THE SECURITIES HAS NOT PREPARED,
REVIEWED OR PARTICIPATED IN THE PREPARATION OF THIS MATERIAL, IS NOT RESPONSIBLE
FOR THE ACCURACY OF THIS MATERIAL AND HAS NOT AUTHORIZED THE DISSEMINATION OF
THIS MATERIAL. THE UNDERWRITERS ARE ACTING AS UNDERWRITERS AND NOT ACTING AS
AGENTS FOR THE ISSUER IN CONNECTION WITH THE PROPOSED TRANSACTION.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
BANC OF AMERICA SECURITIES LLC, MEMBER NYSE/NASD/SIPC, IS A SUBSIDIARY OF BANK
OF AMERICA CORPORATION.
HYPOVEREINSBANK CAPITAL MARKETS, MEMBER NASD/SIPC, IS A SUBSIDIARY OF BAYERISCHE
HYPO- UND VEREINSBANK AG.
<PAGE> 3
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
STRUCTURE OVERVIEW
--------------------------------------------------------------------------------
OFFERED CERTIFICATES
<TABLE>
<CAPTION>
RATINGS APPROX. APPROX. ASSUMED
-------------- APPROX. % OF CREDIT AVERAGE PRINCIPAL FINAL
CLASS MOODY'S S&P SIZE TOTAL SUPPORT LIFE (YRS)(1) WINDOW (MOS)(1) DISTRIBUTION DATE(1) COUPON
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 Aaa AAA $198,316,225 22.308% 24.021% 5.75 1-102 April 15, 2009 Fixed
------------------------------------------------------------------------------------------------------------------------------
A-2 Aaa AAA 477,137,063 53.671% 24.021% 9.18 102-115 May 15, 2010 Fixed(2)
------------------------------------------------------------------------------------------------------------------------------
X Aaa AAA 889,004,533 N/A N/A 8.36(5) 1-118(5) August 15, 2010(5) VAR(IO)(3)
------------------------------------------------------------------------------------------------------------------------------
B Aa2 AA 37,816,366 4.254% 19.768% 9.56 115-116 June 15, 2010 Fixed(2)
------------------------------------------------------------------------------------------------------------------------------
C A1 A+ 24,469,413 2.752% 17.015% 9.63 116-116 June 15, 2010 Fixed(2)
------------------------------------------------------------------------------------------------------------------------------
D A2 A 17,795,938 2.002% 15.013% 9.63 116-116 June 15, 2010 Fixed(2)
------------------------------------------------------------------------------------------------------------------------------
E A3 A- 8,897,968 1.001% 14.012% 9.63 116-116 June 15, 2010 Fixed(2)
------------------------------------------------------------------------------------------------------------------------------
F Baa1 BBB+ 11,122,461 1.251% 12.761% 9.66 116-117 July 15, 2010 Fixed(2)
------------------------------------------------------------------------------------------------------------------------------
G Baa2 BBB 17,795,937 2.002% 10.760% 9.71 117-117 July 15, 2010 WAC(4)
------------------------------------------------------------------------------------------------------------------------------
H Baa3 BBB- 11,122,460 1.251% 9.508% 9.71 117-117 July 15, 2010 WAC
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
--------------------------------------------------------------------------------
NON-OFFERED CERTIFICATES
<TABLE>
<CAPTION>
RATINGS APPROX. APPROX. ASSUMED
-------------- APPROX. % OF CREDIT AVERAGE PRINCIPAL FINAL
CLASS MOODY'S S&P SIZE TOTAL SUPPORT LIFE (YRS)(1) WINDOW (MOS)(1) DISTRIBUTION DATE(1) COUPON
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
J (Not Offered) $ 34,479,629 3.878% 5.630% 9.73 117-118 August 15, 2010 Fixed
------------------------------------------------------------------------------------------------------------------------------
K (Not Offered) 5,561,230 0.626% 5.004% 9.79 118-118 August 15, 2010 Fixed(2)
------------------------------------------------------------------------------------------------------------------------------
L (Not Offered) 6,673,476 0.751% 4.254% 9.79 118-118 August 15, 2010 Fixed(2)
------------------------------------------------------------------------------------------------------------------------------
M (Not Offered) 2,224,492 0.250% 4.004% 9.79 118-118 August 15, 2010 Fixed(2)
------------------------------------------------------------------------------------------------------------------------------
N (Not Offered) 6,673,477 0.751% 3.253% 9.79 118-118 August 15, 2010 Fixed(2)
------------------------------------------------------------------------------------------------------------------------------
O (Not Offered) 4,448,984 0.500% 2.752% 9.82 118-119 September 15, 2010 Fixed(2)
------------------------------------------------------------------------------------------------------------------------------
P (Not Offered) 24,469,414 2.752% 0.000% 10.61 119-173 March 15, 2015 Fixed(2)
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) As of the Commencement Date, the Average Life, Principal Window and Assumed
Final Distribution Date were calculated assuming no prepayments will be made
on the Mortgage Loans prior to their related maturity dates (or, in the case
of ARD Loans, their anticipated repayment dates).
(2) Capped at the Weighted Average Net Mortgage Rate (as such term is defined in
the Pooling and Servicing Agreement).
(3) The Class X Certificates will accrue interest on a Notional Amount equal to
100% of the aggregate outstanding balance of the Classes of Sequential Pay
Certificates.
(4) Weighted Average Net Mortgage Rate minus 0.07% per annum.
(5) As of the Commencement Date, the Average Life, Principal Window and Assumed
Final Distribution Date were calculated assuming no prepayments on the
Mortgage Loans through Lock-Out and Yield Maintenance, and 100% CPR
thereafter. Class X was subject to a 1% clean-up call.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 4
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
STRUCTURE SCHEMATIC
(CHART)
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 5
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
TRANSACTION TERMS
NOTE: CAPITALIZED TERMS USED BUT NOT OTHERWISE DEFINED HEREIN HAVE THE
MEANINGS ASCRIBED TO THEM IN THE PRELIMINARY PROSPECTUS SUPPLEMENT DATED
OCTOBER 2000.
--------------------------------------------------------------------------------
ISSUE TYPE Sequential pay REMIC. Class A-1, A-2, X, B, C, D, E, F, G
and H Certificates (the "Offered Certificates") are offered
publicly. All other Certificates privately placed to
qualified institutional buyers or to accredited investors.
CUT-OFF DATE All Mortgage loan characteristics are based on balances as
of the Cut-Off Date, September 1, 2000.
COMMENCEMENT DATE All Certificate characteristics are as of the Commencement
Date, October 1, 2000 (assuming receipt of all scheduled
payments on the Mortgage Loans through the Commencement
Date and that there are no prepayments other than those
actually received prior to the Commencement Date).
MORTGAGE POOL The Mortgage Pool consists of 128 Mortgage Loans (the
"Mortgage Loans") with an aggregate balance as of the
Cut-off Date of $889,796,853 (the "Initial Pool Balance"),
subject to a variance of plus or minus 5%. The Mortgage
Loans are secured by 157 properties (the "Mortgaged
Properties") located throughout 29 states.
DEPOSITOR Banc of America Commercial Mortgage Inc., a Delaware
corporation (formerly known as NationsLink Funding
Corporation).
MORTGAGE LOAN Bank of America, N.A. and HVB Realty Capital Inc.
SELLERS
UNDERWRITERS Banc of America Securities LLC and HypoVereinsbank Capital
Markets.
TRUSTEE Wells Fargo Bank Minnesota, N.A.
MASTER SERVICER ORIX Real Estate Capital Markets, LLC.
SPECIAL SERVICER Lennar Partners, Inc.
RATING AGENCIES Moody's Investors Service, Inc. and Standard & Poor's
Ratings Services.
DENOMINATIONS $10,000 minimum for Class A Certificates;
$1,000,000 (notional) minimum for Class X Certificates; and
$100,000 minimum for all other Offered Certificates.
SETTLEMENT DATE On or about October [ ], 2000.
SETTLEMENT TERMS Book-entry through DTC for all Offered Certificates.
DISTRIBUTION DATE Generally, the 15th day of each month, commencing with
respect to the Offered Certificates in November 2000.
INTEREST Interest will be distributed on each Distribution Date in
DISTRIBUTIONS sequential order of class designations with Classes A-1,
A-2 and X ranking pari passu in entitlement to interest.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 6
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
TRANSACTION TERMS
--------------------------------------------------------------------------------
PRINCIPAL Principal will be distributed on each Distribution Date to
DISTRIBUTIONS the most Senior Class (i.e. the Class with the earliest
alphabetical/numerical Class designation) of Sequential Pay
Certificates outstanding, until such class is retired. If,
due to losses, the Certificate Balances of the Class B
through P Certificates are reduced to zero, payments of
principal to the Class A-1 and A-2 Certificates will be
made pro rata.
LOSSES To be applied first to Class P, then to the next most
subordinate class of Sequential Pay Certificates, etc.
PREPAYMENT PREMIUMS The manner in which any prepayment premiums received during
a particular Collection Period will be allocated to one or
more of the classes of Offered Certificates is described in
the "Description of the Certificates - Distributions -
Distributions of Prepayment Premiums" in the preliminary
prospectus supplement.
ADVANCES Subject to certain limitations, including, but not limited
to, a recoverability determination, the Master Servicer
will be required to advance certain principal, interest and
other expenses. In the event that the Master Servicer fails
to make such advances, the Trustee will be required to do
so.
APPRAISAL REDUCTIONS If a Mortgage Loan becomes more than 60 days delinquent,
the Mortgage Loan becomes REO, the Special Servicer
materially modifies a Mortgage Loan, the Mortgaged Property
is placed into receivership or the Borrower becomes the
subject of bankruptcy proceedings, the Special Servicer
will obtain an appraisal on the property. Advances of
delinquent interest on the most subordinate class will be
reduced to the extent of the interest on the Appraisal
Reduction Amount. The Appraisal Reduction Amount will
generally be equal to the difference between (a) the
scheduled balance of the Mortgage Loan plus any unpaid
advances outstanding and other amounts payable with respect
thereto and (b) an amount equal to 90% of the appraised
value of the property.
OPTIONAL CALL 1.0% clean-up call, at the option of the Master Servicer,
the Special Servicer or the majority holder of the
Controlling Class.
CONTROLLING CLASS The most subordinate Class of Sequential Pay Certificates
with outstanding Certificate Balance at least equal to 25%
of its initial Certificate Balance (or, if no such Class
satisfies such criteria, the Class of Sequential Pay
Certificates with the then largest outstanding Class
principal balance).
ERISA The Class A and Class X Certificates will be ERISA
eligible.
SMMEA The Class A, X and B Certificates will be "mortgage-related
securities" for the purposes of SMMEA.
ELECTRONIC REPORTING Information will be provided for modeling on Bloomberg,
Trepp, Conquest and Intex. Loan-level detail will be
available through the Trustee's website.
CONTACT Banc of America Securities LLC
Mortgage Syndicate
Bill Hale - Geordie Walker
(704) 388-1597 - (704) 388-9677 (Fax)
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 7
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE*
-------------------------------------------------------------
GENERAL CHARACTERISTICS
<TABLE>
<S> <C>
----------------------------------------------------------------
Initial Pool Balance $889,796,853
----------------------------------------------------------------
Number of Mortgage Loans 128
----------------------------------------------------------------
Number of Balloon Mortgage Loans 102
----------------------------------------------------------------
Number of Mortgage Loans with ARDs 22
----------------------------------------------------------------
Number of Fully Amortizing Mortgage Loans 4
----------------------------------------------------------------
Number of Mortgaged Properties 157
----------------------------------------------------------------
Average Cut-off Date Balance $ 6,951,538
----------------------------------------------------------------
Weighted Average Mortgage Rate 8.157%
----------------------------------------------------------------
Weighted Average Remaining Term to Maturity or ARD 111 mos.
----------------------------------------------------------------
Weighted Average Underwritten DSCR 1.39x
----------------------------------------------------------------
Weighted Average Cut-off Date LTV Ratio 67.5%
----------------------------------------------------------------
Weighted Average Remaining Lock-out Period 107 mos.
----------------------------------------------------------------
</TABLE>
(MAP)
OTHER STATES: 21.2% OF INITIAL POOL BALANCE (ALASKA: 0.3%).
-------------------------------------------------------------
LOAN BALANCE PER SF / UNIT / ROOM
<TABLE>
<S> <C>
------------------------------------------------------------------------
RETAIL Balance Per Square Foot $ 77.79
------------------------------------------------------------------------
MULTIFAMILY Balance Per Unit $47,576.08
------------------------------------------------------------------------
OFFICE Balance Per Square Foot $ 85.09
------------------------------------------------------------------------
HOTEL Balance Per Room $58,557.45
------------------------------------------------------------------------
INDUSTRIAL Balance Per Square Foot $ 38.64
------------------------------------------------------------------------
SELF STORAGE Balance Per Square Foot $ 36.22
------------------------------------------------------------------------
</TABLE>
(PIE CHART)
* In all instances; Underwritten DSCR is the ratio of the Underwritten Cash Flow
to Annual Debt Service. Cut-off Date LTV Ratio means the Cut-off Date Balance
divided by the Appraised Value. Maturity Date or ARD LTV Ratio means the
Maturity Date or ARD Balance divided by the Appraisal Value. The sum of
aggregate percentage calculations may not equal 100% due to rounding.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 8
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
--------------------------------------------------------------------------------
PROPERTY LOCATION
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
STATES/COUNTY PROPERTIES BALANCE BALANCE DSCR LTV RATIO RATE
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
CA 33 $150,635,258 16.9% 1.43x 66.3% 8.210%
---------------------------------------------------------------------------------------------------------------------------------
Los Angeles County 8 36,487,003 4.1 1.28 72.7 8.195
---------------------------------------------------------------------------------------------------------------------------------
Riverside County 3 27,949,943 3.1 1.25 73.6 8.076
---------------------------------------------------------------------------------------------------------------------------------
Orange County 5 22,004,450 2.5 1.35 63.9 8.185
---------------------------------------------------------------------------------------------------------------------------------
San Diego County 3 17,318,878 1.9 1.59 66.4 8.545
---------------------------------------------------------------------------------------------------------------------------------
Contra Costa County 2 13,105,252 1.5 1.88 46.5 8.080
---------------------------------------------------------------------------------------------------------------------------------
Sacramento County 1 6,994,432 0.8 1.25 77.7 8.400
---------------------------------------------------------------------------------------------------------------------------------
San Francisco County 1 4,395,892 0.5 2.03 50.0 7.900
---------------------------------------------------------------------------------------------------------------------------------
Kern County 1 4,089,582 0.5 1.88 46.5 8.080
---------------------------------------------------------------------------------------------------------------------------------
Santa Cruz County 2 3,542,154 0.4 1.43 61.9 8.202
---------------------------------------------------------------------------------------------------------------------------------
Alameda County 1 3,186,873 0.4 1.37 74.1 8.020
---------------------------------------------------------------------------------------------------------------------------------
Other Counties 6 11,560,798 1.3 1.43 60.1 8.374
---------------------------------------------------------------------------------------------------------------------------------
FL 32 137,247,636 15.4 1.31 70.6 8.015
---------------------------------------------------------------------------------------------------------------------------------
TX 18 118,512,863 13.3 1.44 69.7 8.321
---------------------------------------------------------------------------------------------------------------------------------
NV 6 58,505,938 6.6 1.30 73.5 8.021
---------------------------------------------------------------------------------------------------------------------------------
NY 7 45,166,172 5.1 1.37 64.6 7.898
---------------------------------------------------------------------------------------------------------------------------------
AZ 5 41,922,995 4.7 1.24 76.1 8.304
---------------------------------------------------------------------------------------------------------------------------------
GA 10 40,252,516 4.5 1.46 66.9 8.072
---------------------------------------------------------------------------------------------------------------------------------
IL 6 39,505,172 4.4 1.29 52.6 8.666
---------------------------------------------------------------------------------------------------------------------------------
VA 3 36,482,232 4.1 1.24 71.4 8.431
---------------------------------------------------------------------------------------------------------------------------------
MD 4 33,349,128 3.7 1.82 53.6 7.962
---------------------------------------------------------------------------------------------------------------------------------
Others 33 188,216,945 21.2 1.42 66.9 8.081
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 157 $889,796,853 100.0% 1.39X 67.5% 8.157%
</TABLE>
- THE MORTGAGED PROPERTIES ARE LOCATED THROUGHOUT 29 STATES.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 9
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
--------------------------------------------------------------------------------
PROPERTY TYPES
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE MIN/MAX AVERAGE
MORTGAGED CUT-OFF DATE INITIAL POOL UNDERWRITTEN UNDERWRITTEN CUT-OFF DATE
PROPERTY TYPE PROPERTIES BALANCE BALANCE DSCR DSCR LTV RATIO
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Office 48 $402,787,940 45.3% 1.39x 1.19/2.07x 66.6%
---------------------------------------------------------------------------------------------------------------------------------
Multifamily 49 238,981,263 26.9 1.26 1.20/1.83 75.2
---------------------------------------------------------------------------------------------------------------------------------
Retail 29 119,637,286 13.4 1.37 1.16/2.38 67.8
Anchored 24 105,742,967 11.9 1.37 1.16/2.38 68.0
Unanchored 5 13,894,319 1.6 1.33 1.25/1.50 66.5
---------------------------------------------------------------------------------------------------------------------------------
Hotel 16 87,356,899 9.8 1.72 1.40/1.88 55.1
---------------------------------------------------------------------------------------------------------------------------------
Industrial 8 23,808,575 2.7 1.38 1.20/2.00 62.6
---------------------------------------------------------------------------------------------------------------------------------
Mini Storage 7 17,224,890 1.9 1.68 1.25/2.30 51.4
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 157 $889,796,853 100.0% 1.39x 1.16/2.38x 67.5%
<CAPTION>
WEIGHTED
MIN/MAX AVERAGE
CUT-OFF DATE MORTGAGE
PROPERTY TYPE LTV RATIO RATE
---------------------------------------------------------------
<S> <C> <C>
Office 44.8/80.0% 8.114%
--------------------------------------------------------------
Multifamily 52.6/79.8 8.084
--------------------------------------------------------------
Retail 21.4/79.9 8.242
Anchored 21.4/79.9 8.221
Unanchored 62.4/71.0 8.396
--------------------------------------------------------------
Hotel 46.5/74.0 8.335
--------------------------------------------------------------
Industrial 45.8/72.8 8.487
--------------------------------------------------------------
Mini Storage 28.3/71.0 8.260
--------------------------------------------------------------
TOTAL/WAV 21.4/80.0% 8.157%
</TABLE>
--------------------------------------------------------------
CUT-OFF DATE BALANCE
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
CUT-OFF DATE BALANCE LOANS BALANCE BALANCE DSCR LTV RATIO RATE
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
$715,122 - $999,999 3 $ 2,524,959 0.3% 1.53x 53.3% 8.148%
---------------------------------------------------------------------------------------------------------------------------------
$1,000,000 - $1,999,999 24 37,777,599 4.2 1.43 64.5 8.244
---------------------------------------------------------------------------------------------------------------------------------
$2,000,000 - $2,999,999 28 70,217,749 7.9 1.39 65.1 8.369
---------------------------------------------------------------------------------------------------------------------------------
$3,000,000 - $3,999,999 9 31,205,084 3.5 1.29 76.0 7.840
---------------------------------------------------------------------------------------------------------------------------------
$4,000,000 - $4,999,999 12 54,524,531 6.1 1.38 67.4 8.164
---------------------------------------------------------------------------------------------------------------------------------
$5,000,000 - $7,499,999 16 102,555,497 11.5 1.32 70.7 8.155
---------------------------------------------------------------------------------------------------------------------------------
$7,500,000 - $9,999,999 11 91,329,239 10.3 1.28 71.8 8.026
---------------------------------------------------------------------------------------------------------------------------------
$10,000,000 - $14,999,999 11 145,273,971 16.3 1.41 68.6 8.052
---------------------------------------------------------------------------------------------------------------------------------
$15,000,000 - $19,999,999 4 65,472,934 7.4 1.33 70.4 8.099
---------------------------------------------------------------------------------------------------------------------------------
$20,000,000 - $29,999,999 8 200,027,757 22.5 1.33 67.6 8.203
---------------------------------------------------------------------------------------------------------------------------------
$30,000,000 - $54,698,161 2 88,887,534 10.0 1.75 56.1 8.311
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39x 67.5% 8.157%
</TABLE>
- THE AVERAGE CUT-OFF DATE BALANCE IS $6,951,538.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 10
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
--------------------------------------------------------------------------------
MORTGAGE RATE
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
MORTGAGE RATE LOANS BALANCE BALANCE DSCR LTV RATIO RATE
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
6.464% - 6.499% 1 $ 6,380,933 0.7% 1.56x 56.5% 6.464%
---------------------------------------------------------------------------------------------------------------------------------
6.500% - 6.999% 3 24,034,417 2.7 1.48 62.2 6.853
---------------------------------------------------------------------------------------------------------------------------------
7.000% - 7.249% 5 24,878,057 2.8 1.34 69.7 7.048
---------------------------------------------------------------------------------------------------------------------------------
7.250% - 7.499% 1 7,361,523 0.8 1.55 59.4 7.490
---------------------------------------------------------------------------------------------------------------------------------
7.500% - 7.749% 10 61,648,091 6.9 1.61 61.8 7.611
---------------------------------------------------------------------------------------------------------------------------------
7.750% - 7.999% 18 157,143,443 17.7 1.42 66.8 7.913
---------------------------------------------------------------------------------------------------------------------------------
8.000% - 8.499% 58 391,846,779 44.0 1.37 69.3 8.233
---------------------------------------------------------------------------------------------------------------------------------
8.500% - 8.999% 27 208,023,060 23.4 1.34 67.5 8.664
---------------------------------------------------------------------------------------------------------------------------------
9.000% - 9.499% 2 3,286,848 0.4 1.52 66.1 9.306
---------------------------------------------------------------------------------------------------------------------------------
9.500% - 9.870% 3 5,193,703 0.6 1.28 68.1 9.716
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39x 67.5% 8.157%
</TABLE>
- THE WEIGHTED AVERAGE MORTGAGE RATE IS 8.157%.
--------------------------------------------------------------------------------
UNDERWRITTEN DEBT SERVICE COVERAGE RATIO
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
DEBT SERVICE COVERAGE RATIO LOANS BALANCE BALANCE DSCR LTV RATIO RATE
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1.16x - 1.19x 3 $ 14,392,157 1.6% 1.19x 69.6% 8.322%
---------------------------------------------------------------------------------------------------------------------------------
1.20x - 1.24x 23 213,466,252 24.0 1.21 76.3 8.264
---------------------------------------------------------------------------------------------------------------------------------
1.25x - 1.29x 34 203,426,253 22.9 1.26 70.3 8.287
---------------------------------------------------------------------------------------------------------------------------------
1.30x - 1.34x 19 123,539,888 13.9 1.31 71.5 8.091
---------------------------------------------------------------------------------------------------------------------------------
1.35x - 1.39x 11 57,296,728 6.4 1.37 67.9 8.110
---------------------------------------------------------------------------------------------------------------------------------
1.40x - 1.49x 14 59,797,372 6.7 1.42 67.6 8.279
---------------------------------------------------------------------------------------------------------------------------------
1.50x - 1.59x 10 101,665,179 11.4 1.54 63.2 7.895
---------------------------------------------------------------------------------------------------------------------------------
1.60x - 1.69x 3 6,524,319 0.7 1.62 56.3 8.570
---------------------------------------------------------------------------------------------------------------------------------
1.70x - 1.79x 2 6,286,505 0.7 1.75 48.9 8.107
---------------------------------------------------------------------------------------------------------------------------------
1.80x - 1.89x 2 56,696,061 6.4 1.88 46.7 8.062
---------------------------------------------------------------------------------------------------------------------------------
1.90x - 1.99x 1 1,742,524 0.2 1.97 47.6 8.270
---------------------------------------------------------------------------------------------------------------------------------
2.00x - 2.38x 6 44,963,615 5.1 2.07 43.0 7.751
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39x 67.5% 8.157%
</TABLE>
- THE WEIGHTED AVERAGE UNDERWRITTEN DEBT SERVICE COVERAGE RATIO IS 1.39X.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 11
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
--------------------------------------------------------------------------------
CUT-OFF DATE LOAN-TO-VALUE RATIO
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
CUT-OFF DATE LTV RATIO LOANS BALANCE BALANCE DSCR LTV RATIO RATE
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
21.4% - 29.9% 2 $ 3,805,940 0.4% 2.32x 26.1% 7.964%
---------------------------------------------------------------------------------------------------------------------------------
30.0% - 49.9% 9 129,144,250 14.5 1.77 45.4 8.170
---------------------------------------------------------------------------------------------------------------------------------
50.0% - 59.9% 20 85,395,788 9.6 1.53 56.3 7.612
---------------------------------------------------------------------------------------------------------------------------------
60.0% - 64.9% 12 53,866,014 6.1 1.39 63.8 8.305
---------------------------------------------------------------------------------------------------------------------------------
65.0% - 69.9% 15 61,004,958 6.9 1.36 68.0 8.270
---------------------------------------------------------------------------------------------------------------------------------
70.0% - 74.9% 37 332,835,380 37.4 1.30 72.7 8.281
---------------------------------------------------------------------------------------------------------------------------------
75.0% - 79.9% 32 209,989,635 23.6 1.24 78.2 8.086
---------------------------------------------------------------------------------------------------------------------------------
80.0% 1 13,754,888 1.5 1.20 80.0 8.488
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39x 67.5% 8.157%
</TABLE>
- THE WEIGHTED AVERAGE CUT-OFF DATE LTV RATIO IS 67.5%.
--------------------------------------------------------------------------------
MATURITY DATE OR ARD LOAN-TO-VALUE RATIO
<TABLE>
<CAPTION>
WEIGHTED
WEIGHTED AVERAGE WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE MATURITY DATE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN OR ARD MORTGAGE
MATURITY DATE OR ARD LTV RATIO LOANS BALANCE BALANCE DSCR LTV RATIO RATE
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
0.0% - 24.9% 5 $ 6,982,658 0.8% 1.85x 8.7% 7.990%
---------------------------------------------------------------------------------------------------------------------------------
25.0% - 49.9% 24 204,378,652 23.0 1.70 40.0 7.948
---------------------------------------------------------------------------------------------------------------------------------
50.0% - 59.9% 26 111,179,401 12.5 1.37 56.2 8.284
---------------------------------------------------------------------------------------------------------------------------------
60.0% - 64.9% 19 167,651,867 18.8 1.33 62.6 8.388
---------------------------------------------------------------------------------------------------------------------------------
65.0% - 69.9% 34 243,968,583 27.4 1.28 67.2 8.060
---------------------------------------------------------------------------------------------------------------------------------
70.0% - 74.9% 19 148,912,003 16.7 1.23 71.5 8.238
---------------------------------------------------------------------------------------------------------------------------------
75.0% - 76.6% 1 6,723,690 0.8 1.21 76.6 8.600
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39x 59.1% 8.157%
</TABLE>
- THE WEIGHTED AVERAGE MATURITY DATE OR ARD LTV RATIO IS 59.1%
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 12
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
--------------------------------------------------------------------------------
ORIGINAL TERM TO MATURITY OR ARD
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
ORIGINAL TERM TO MATURITY OR ARD LOANS BALANCE BALANCE DSCR LTV RATIO RATE
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
60 - 83 months 3 $ 15,379,402 1.7% 1.29x 67.8% 8.484%
----------------------------------------------------------------------------------------------------------------------------
84 - 99 months 3 27,133,601 3.0 1.28 73.2 8.243
----------------------------------------------------------------------------------------------------------------------------
100 - 119 months 1 1,848,873 0.2 1.25 77.6 7.530
----------------------------------------------------------------------------------------------------------------------------
120 months 115 823,847,679 92.6 1.40 67.4 8.168
----------------------------------------------------------------------------------------------------------------------------
121 - 179 months 2 10,872,373 1.2 1.29 76.2 7.448
----------------------------------------------------------------------------------------------------------------------------
180 months 4 10,714,926 1.2 1.50 52.7 7.461
----------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39X 67.5% 8.157%
</TABLE>
- THE WEIGHTED AVERAGE ORIGINAL TERM TO MATURITY OR ARD IS 119 MONTHS.
--------------------------------------------------------------------------------
ORIGINAL AMORTIZATION TERM
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
ORIGINAL AMORTIZATION TERM LOANS BALANCE BALANCE DSCR LTV RATIO RATE
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
0 months 1 $ 14,200,000 1.6% 2.00x 41.7% 7.770%
------------------------------------------------------------------------------------------------------------------------
120 months 1 1,613,543 0.2 1.30 57.8 7.660
------------------------------------------------------------------------------------------------------------------------
180 months 3 2,792,421 0.3 1.74 41.8 8.374
------------------------------------------------------------------------------------------------------------------------
181 - 239 months 1 54,698,161 6.1 1.88 46.5 8.080
------------------------------------------------------------------------------------------------------------------------
240 months 3 18,921,713 2.1 1.50 63.6 8.026
------------------------------------------------------------------------------------------------------------------------
300 months 34 179,971,960 20.2 1.42 66.8 8.385
------------------------------------------------------------------------------------------------------------------------
301 - 359 months 2 11,306,794 1.3 1.25 77.0 8.400
------------------------------------------------------------------------------------------------------------------------
360 months 83 606,292,260 68.1 1.32 70.3 8.106
------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39X 67.5% 8.157%
</TABLE>
- THE WEIGHTED AVERAGE ORIGINAL AMORTIZATION TERM IS 329 MONTHS.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 13
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
--------------------------------------------------------------------------------
REMAINING TERM TO MATURITY OR ARD
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
REMAINING TERM TO MATURITY OR ARD LOANS BALANCE BALANCE DSCR LTV RATIO RATE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
48 - 59 months 4 $ 20,139,441 2.3% 1.31x 70.0% 8.261%
-----------------------------------------------------------------------------------------------------------------------------
60 - 79 months 1 17,883,990 2.0 1.28 73.0 8.300
-----------------------------------------------------------------------------------------------------------------------------
80 - 99 months 9 31,837,711 3.6 1.37 69.6 7.116
-----------------------------------------------------------------------------------------------------------------------------
100 - 109 months 13 83,238,903 9.4 1.41 67.4 7.642
-----------------------------------------------------------------------------------------------------------------------------
110 - 119 months 96 704,381,883 79.2 1.37 68.2 8.284
-----------------------------------------------------------------------------------------------------------------------------
120 - 139 months 1 21,600,000 2.4 2.07 45.2 7.670
-----------------------------------------------------------------------------------------------------------------------------
140 - 159 months 3 9,485,680 1.1 1.39 56.8 7.346
-----------------------------------------------------------------------------------------------------------------------------
160 - 174 months 1 1,229,246 0.1 2.38 21.4 8.350
-----------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39X 67.5% 8.157%
</TABLE>
r THE WEIGHTED AVERAGE REMAINING TERM TO MATURITY OR ARD IS 111 MONTHS.
--------------------------------------------------------------------------------
REMAINING STATED AMORTIZATION TERMS
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
REMAINING STATED AMORTIZATION TERM LOANS BALANCE BALANCE DSCR LTV RATIO RATE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
0 - 149 months 2 $ 15,813,543 1.8% 1.93x 43.4% 7.759%
-----------------------------------------------------------------------------------------------------------------------------
150 - 174 months 3 2,792,421 0.3 1.74 41.8 8.374
-----------------------------------------------------------------------------------------------------------------------------
200 - 224 months 1 54,698,161 6.1 1.88 46.5 8.080
-----------------------------------------------------------------------------------------------------------------------------
225 - 249 months 3 18,921,713 2.1 1.50 63.6 8.026
-----------------------------------------------------------------------------------------------------------------------------
250 - 274 months 1 7,922,504 0.9 1.42 56.6 7.140
-----------------------------------------------------------------------------------------------------------------------------
275 - 299 months 33 172,049,455 19.3 1.42 67.3 8.443
-----------------------------------------------------------------------------------------------------------------------------
300 - 324 months 1 4,760,039 0.5 1.36 77.1 7.540
-----------------------------------------------------------------------------------------------------------------------------
325 - 349 months 17 104,942,782 11.8 1.36 69.9 7.505
-----------------------------------------------------------------------------------------------------------------------------
350 - 360 months 67 507,896,234 57.1 1.31 70.5 8.241
-----------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39X 67.5% 8.157%
</TABLE>
- THE WEIGHTED AVERAGE REMAINING STATED AMORTIZATION TERM IS 321 MONTHS.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 14
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
--------------------------------------------------------------------------------
SEASONING
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
SEASONING LOANS BALANCE BALANCE DSCR LTV RATIO RATE
-------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
0 - 12 months 106 $773,004,678 86.9% 1.39x 67.6% 8.271%
-------------------------------------------------------------------------------------------------------------
13 - 24 months 19 95,951,892 10.8 1.43 66.2 7.451
-------------------------------------------------------------------------------------------------------------
25 - 36 months 3 20,840,284 2.3 1.35 69.8 7.179
-------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39X 67.5% 8.157%
</TABLE>
- THE WEIGHTED AVERAGE SEASONING IS 8 MONTHS.
--------------------------------------------------------------------------------
PREPAYMENT PROVISIONS SUMMARY
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
PREPAYMENT PROVISIONS LOANS BALANCE BALANCE DSCR LTV RATIO RATE
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Lockout/Open(1) 127 $885,036,814 99.5% 1.39x 67.5% 8.161%
--------------------------------------------------------------------------------------------------------------------------
Lockout/Yield Maintenance/Open 1 4,760,039 0.5 1.36 77.1 7.540
--------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39X 67.5% 8.157%
</TABLE>
(1) These loans are subject to a Defeasance option.
--------------------------------------------------------------------------------
YEAR OF ORIGINATION
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
YEAR LOANS BALANCE BALANCE DSCR LTV RATIO RATE
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1997 1 $ 4,760,039 0.5% 1.36x 77.1% 7.540%
------------------------------------------------------------------------------------------------------------
1998 11 43,142,686 4.8 1.38 68.1 6.957
------------------------------------------------------------------------------------------------------------
1999 54 431,125,942 48.5 1.43 66.9 8.113
------------------------------------------------------------------------------------------------------------
2000 62 410,768,187 46.2 1.35 68.0 8.337
------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39X 67.5% 8.157%
</TABLE>
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 15
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
--------------------------------------------------------------------------------
YEAR OF MATURITY OR ARD
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
YEAR LOANS BALANCE BALANCE DSCR LTV RATIO RATE
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
2004 2 $ 8,634,417 1.0% 1.34x 74.7% 7.666%
----------------------------------------------------------------------------------------------------
2005 2 11,505,024 1.3 1.29 66.5 8.708
----------------------------------------------------------------------------------------------------
2006 1 17,883,990 2.0 1.28 73.0 8.300
----------------------------------------------------------------------------------------------------
2007 1 4,489,572 0.5 1.21 70.1 8.760
----------------------------------------------------------------------------------------------------
2008 8 27,348,138 3.1 1.40 69.5 6.846
----------------------------------------------------------------------------------------------------
2009 41 294,463,575 33.1 1.37 69.8 8.086
----------------------------------------------------------------------------------------------------
2010 69 514,757,211 57.9 1.41 66.1 8.268
----------------------------------------------------------------------------------------------------
2013 3 9,485,680 1.1 1.39 56.8 7.346
----------------------------------------------------------------------------------------------------
2015 1 1,229,246 0.1 2.38 21.4 8.350
----------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39X 67.5% 8.157%
</TABLE>
--------------------------------------------------------------------------------
MORTGAGE LOAN ORIGINATOR
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITTEN CUT-OFF DATE MORTGAGE
ORIGINATOR LOANS BALANCE BALANCE DSCR LTV RATIO RATE
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Bank of America 79 $523,430,692 58.8% 1.46x 64.2% 8.240%
-----------------------------------------------------------------------------------------------------------------------
HVB Realty Capital Inc. 21 190,857,394 21.4 1.32 69.2 7.888
-----------------------------------------------------------------------------------------------------------------------
L.J. Melody Co. 8 65,433,543 7.4 1.21 78.5 8.302
-----------------------------------------------------------------------------------------------------------------------
Berkshire Mortgage 5 39,628,199 4.5 1.26 77.9 8.010
-----------------------------------------------------------------------------------------------------------------------
Prudential Multifamily Mortgage
(Washington Mortgage) 4 26,129,047 2.9 1.21 75.1 8.291
-----------------------------------------------------------------------------------------------------------------------
First Security Bank 4 19,955,938 2.2 1.33 65.5 8.200
-----------------------------------------------------------------------------------------------------------------------
Patrician Financial 3 9,304,860 1.0 1.29 75.9 7.820
-----------------------------------------------------------------------------------------------------------------------
Rembrandt Capital LLC 1 7,835,883 0.9 1.24 73.9 8.392
-----------------------------------------------------------------------------------------------------------------------
ARCS Commercial 2 5,273,053 0.6 1.48 71.4 8.518
-----------------------------------------------------------------------------------------------------------------------
AmSouth Bank 1 1,948,244 0.2 1.41 74.9 8.000
-----------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 128 $889,796,853 100.0% 1.39X 67.5% 8.157%
</TABLE>
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 16
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
MORTGAGE POOL CHARACTERISTICS
PREPAYMENT PROVISION BASED ON OUTSTANDING PRINCIPAL BALANCE (1)
<TABLE>
<CAPTION>
ALL LOANS 10/00 10/01 10/02 10/03 10/04 10/05 10/06 10/07 10/08
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Locked Out 99.47% 99.47% 99.47% 99.47% 100.00% 100.00% 100.00% 100.00% 93.74%
Yield Maintenance 0.53% 0.53% 0.53% 0.53% 0.00% 0.00% 0.00% 0.00% 0.00%
No Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.26%
-----------------------------------------------------------------------------------------------------------------------------
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Aggregate Principal Balance of the
Mortgage Loans ($Millions): $889.00 $880.08 $870.40 $859.89 $840.42 $817.24 $787.20 $769.09 $736.59
Percentage of Commencement Date
Balance of the Mortgage Loans
Outstanding: 100.00% 99.00% 97.91% 96.73% 94.54% 91.93% 88.55% 86.51% 82.86%
-----------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ALL LOANS 10/09 10/10 10/11 10/12 10/13 10/14
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Locked Out 63.58% 100.00% 100.00% 100.00% 85.90% 100.00%
Yield Maintenance 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No Penalty 36.42% 0.00% 0.00% 0.00% 14.10% 0.00%
----------------------------------------------------------------------------------------------
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
Aggregate Principal Balance of the
Mortgage Loans ($Millions): $642.58 $6.97 $6.42 $5.81 $0.23 $0.06
Percentage of Commencement Date
Balance of the Mortgage Loans
Outstanding: 72.28% 0.78% 0.72% 0.65% 0.03% 0.01%
----------------------------------------------------------------------------------------------
</TABLE>
(1) Prepayment provisions in effect as a percentage of outstanding loan balances
as of the indicated date assuming no prepayments on the Mortgage Loans
(except that an ARD Loan will be repaid in full on its Anticipated Repayment
Date), if any.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 17
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
OLEN RESIDENTIAL PORTFOLIO
- THE LOANS. The Mortgage Loans (individually, the "Sanctuary Cove Apartments
Loan", the "Weston Place Apartments Loan", the "Durango Canyon North
Apartments Loan", and the "Durango Canyon South Apartments Loan", and
collectively, the "Olen Residential Portfolio Loans") are each secured by a
first deed of trust on apartment complexes located in North Palm Beach,
Florida, Weston, Florida or Las Vegas, Nevada. The Sanctuary Cove Apartments
Loan, the Weston Place Apartments Loan, the Durango Canyon North Apartments
Loan and the Durango Canyon South Apartments Loan were originated on November
22, 1999 and have Cut-off Date Balances of $29,849,232, $26,165,960,
$10,297,269 and $21,303,408, respectively (representing 3.4%, 2.9%, 1.2% and
2.4% of the Initial Pool Balance, respectively). The Sanctuary Cove
Apartments Loan was made to the Sanctuary Bay Trust Corp., the Weston Place
Apartments Loan was made to Weston Apartments Corp., the Durango Canyon North
Apartments Loan was made to Durango North Corp. and the Durango Canyon South
Apartments Loan was made to the Durango South Corp. Each borrower is a single
purpose corporation and, other than the borrower with respect to the
Sanctuary Cove Apartments Loan, is owned 100% by Olen Residential Realty
Corp. The borrower with respect to the Sanctuary Cove Apartments Loan is 50%
owned by Olen Residential Realty Corp. and 50% owned by SC Encumbrance Corp.
Each Mortgage Loan is cross-collateralized and cross-defaulted with the
others.
The Olen Residential Portfolio Loans are ARD Loans that have remaining terms
of 111 months to their Anticipated Repayment Date. The Anticipated Repayment
Date is December 1, 2009 with a final maturity of December 1, 2029. The Olen
Residential Portfolio Loans may not be prepaid prior to and including May 31,
2009. However, the Mortgage Loans are subject to defeasance with United
States Treasury obligations beginning December 1, 2003. Commencing seven
months prior to the Anticipated Repayment Date, the Mortgage Loans may be
prepaid in whole or in part in increments of $100,000 without the payment of
a prepayment penalty.
Additional terms and escrows for the Sanctuary Cove Loan, the Weston Place
Apartments Loan, the Durango Canyon North Apartments Loan and the Durango
Canyon South Apartments Loan are set forth in Annex A to the preliminary
prospectus supplement.
- PARTIAL RELEASE/DEFEASANCE. In the event a borrower with respect to the Olen
Residential Portfolio Loans elects to partially release/defease a mortgage
loan, such borrower will be required to provide direct, non-callable
obligations of the U.S. government in an amount equal to 125% of the
allocated loan amount for one or more of the mortgaged properties to be
released. Conditions of partial defeasance require the borrower to provide
(i) appropriate and customary opinions of independent counsel and (ii)
written evidence from rating agencies that such defeasance will not result in
a withdrawal, qualification or downgrade of the respective ratings of the
Certificates.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 18
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
- THE PROPERTIES. The property securing the Sanctuary Cove Apartments Loan is
a 419 unit apartment complex located in North Palm Beach, Florida. The
complex was built in two phases. Phase One was completed in 1996, while Phase
Two was completed in 1999. The property consists of 43 two and three story
buildings containing 112 one bedroom/one bath units, 190 two bedroom/two bath
units and 117 three bedroom/two bath units. The complex contains 467,382 of
net rentable square feet on 44.21 acres with 821 parking spaces. Project
amenities include two swimming pool/patio areas, a jacuzzi, two lighted
tennis courts, a lakeside gazebo/barbecue area, jogging trail, a man made
beach area on the Intercoastal Waterway, and a clubhouse/fitness/business
center providing entertainment facilities and a men's and women's sauna. The
units have a full amenity package inclusive of full size washers/ dryers,
built in microwaves, ceiling fans, security systems, and screened patios or
balconies.
The property securing the Weston Place Apartments Loan is a 372 unit
apartment complex on 29.9 acres. It is located in the municipality of Weston,
which is situated in the southwest portion of Broward County, Florida. The
complex was built in 1998 and consists of 35 two and three story buildings
containing 96 one bedroom/one bath units, 184 two bedroom/two bath units and
92 three bedroom/two bath units. There is a total of 437,120 net rentable
square feet with 845 parking spaces. Project amenities include a swimming
pool/patio area with jacuzzi, a clubhouse/fitness/business center with full
kitchen, billiards room, grand salon with fireplace, exercise room and sauna,
two lighted tennis courts, and two indoor racquetball courts. The units have
a full amenity package including full size washer/dryers, built in
microwaves, security systems, ceiling fans and screened patios or balconies.
The property securing the Durango Canyon North Apartments Loan is a 184 unit
apartment complex located in the southwest section of Las Vegas, Nevada. The
complex was built in 1998 and consists of 23 two story buildings containing
80 one bedroom/one bath units and 104 two bedroom/two bath units. The complex
contains 185,808 of net rentable square feet on 8.96 acres with 342 parking
spaces. Project amenities include a swimming pool with patio area, a heated
spa, a clubhouse providing a full size kitchen, billiard room, media library,
banquet room, fitness center, recreation room, racquetball court and a
volleyball court. The units have a full amenity package including
washers/dryers, oversized Roman bathtubs, microwaves, ceiling fans, security
systems, walk-in closets, exterior storage rooms and patios or balconies.
Security for the complex consists of keyed electronic gates at access points
and monitored alarm systems in each unit.
The property securing the Durango Canyon South Apartments Loan is a 360 unit
apartment complex located in the southwest section of Las Vegas, Nevada. The
complex was built in 1998 and consists of 45 two story buildings containing
56 one bedroom/one bath units, 232 two bedroom/two bath units and 72 three
bedroom/two bath units. The complex contains 390,964 of net rentable square
feet on 17.64 acres with 699 parking spaces of which 360 are covered. Project
amenities include two swimming pools with patio areas, a heated spa, a
clubhouse providing a full size kitchen, billiards room, media library,
banquet room, fitness center, and recreation room, two racquetball courts,
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 19
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
two lighted tennis courts and a playground area. The units have a full
amenity package including washers/dryers, oversized Roman bathtubs,
microwaves, ceiling fans, security systems, walk-in closets, and patios or
balconies.
- PROPERTY MANAGEMENT. The properties are managed by Realty Services Corp., an
entity that is affiliated with the borrowing entity through common ownership.
Owned by Olen Properties and founded by Igor Olenicoff, Realty Services Corp.
manages over 8,000 units in 25 luxury apartment communities located in
Nevada, Florida or California. Other managed properties include 175 office
and industrial properties totaling over 3 million square feet in California.
Realty Services Corp. is not a third-party fee based management company and
only exists to exclusively manage company owned real estate.
- OPERATING HISTORY -- SANCTUARY COVE APARTMENTS
<TABLE>
<CAPTION>
1999 1/00-6/00 2000 ORIGINATOR'S
ACTUAL 6 MOS. ANNUALIZED BUDGETED UNDERWRITTEN
---------- ----------------- ---------- ------------
<S> <C> <C> <C> <C>
Effective Gross Income (EGI)............. $2,973,053 $5,106,930 $5,304,990 $5,369,669
Operating Expenses....................... 1,094,199 1,542,060 1,607,844 1,833,286
---------- ---------- ---------- ----------
Net Operating Income (NOI)............... 1,878,854 3,564,870 3,697,146 3,536,383
Cash Flow................................ 1,852,111 3,484,670 3,661,286 3,442,333
========== ========== ========== ==========
Occupancy................................ 51% 86% 89% 90%
DSCR based on NOI........................ 0.71x 1.35x 1.40x 1.33x
DSCR based on Cash Flow.................. 0.70x 1.32x 1.38x 1.30x
</TABLE>
Minimum lease term is either six or twelve months for both new and renewed
leases.
- OPERATING HISTORY -- WESTON PLACE APARTMENTS
<TABLE>
<CAPTION>
1999 1/00-6/00 2000 ORIGINATOR'S
ACTUAL 6 MOS. ANNUALIZED BUDGETED UNDERWRITTEN
---------- ----------------- ---------- ------------
<S> <C> <C> <C> <C>
Effective Gross Income (EGI)............. $3,238,794 $4,567,100 $4,639,884 $4,522,609
Operating Expenses....................... 1,424,794 1,663,166 1,586,857 1,671,172
---------- ---------- ---------- ----------
Net Operating Income (NOI)............... 1,814,000 2,903,934 3,053,027 2,851,437
Cash Flow................................ 1,801,694 2,849,704 3,039,677 2,777,037
========== ========== ========== ==========
Occupancy................................ 66% 93% 93% 93%
DSCR based on NOI........................ 0.79x 1.26x 1.32x 1.24x
DSCR based on Cash Flow.................. 0.78x 1.24x 1.32x 1.20x
</TABLE>
Minimum lease term is either six or twelve months for both new and renewed
leases.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 20
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
- OPERATING HISTORY -- DURANGO CANYON NORTH APARTMENTS
<TABLE>
<CAPTION>
1999 1/00-6/00 2000 ORIGINATOR'S
ACTUAL 6 MOS. ANNUALIZED BUDGETED UNDERWRITTEN
---------- ----------------- ---------- ------------
<S> <C> <C> <C> <C>
Effective Gross Income (EGI)............. $1,397,409 $1,769,284 $1,850,311 $1,716,731
Operating Expenses....................... 472,505 521,710 552,330 556,046
---------- ---------- ---------- ----------
Net Operating Income (NOI)............... 924,904 1,247,574 1,297,981 1,160,685
Cash Flow................................ 916,693 1,234,348 1,290,810 1,119,285
========== ========== ========== ==========
Occupancy................................ 68% 92% 92% 91%
DSCR based on NOI........................ 1.02x 1.37x 1.43x 1.28x
DSCR based on Cash Flow.................. 1.01x 1.36x 1.42x 1.23x
</TABLE>
Minimum lease term is either six or twelve months for both new and renewed
leases.
- OPERATING HISTORY -- DURANGO CANYON SOUTH APARTMENTS
<TABLE>
<CAPTION>
1999 1/00-6/00 2000 ORIGINATOR'S
ACTUAL 6 MOS. ANNUALIZED BUDGETED UNDERWRITTEN
---------- ----------------- ---------- ------------
<S> <C> <C> <C> <C>
Effective Gross Income (EGI)............ $2,734,057 $3,640,320 $3,620,173 $3,654,353
Operating Expenses...................... 924,463 946,736 1,080,649 1,116,184
---------- ---------- ---------- ----------
Net Operating Income (NOI).............. 1,809,594 2,693,584 2,539,524 2,538,169
Cash Flow............................... 1,793,618 2,673,820 2,525,495 2,456,809
========== ========== ========== ==========
Occupancy............................... 68% 89% 92% 91%
DSCR based on NOI....................... 0.96x 1.43x 1.35x 1.35x
DSCR based on Cash Flow................. 0.95x 1.42x 1.34x 1.31x
</TABLE>
Minimum lease term is either six or twelve months for both new and renewed
leases.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 21
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
THE RESIDENCE INN LOAN
- THE LOAN. The Mortgage Loan (the "Residence Inn Loan"), which is secured by
a first mortgage lien on ten upper-tier, extended-stay hotels, represents
approximately 6.1% of the Initial Pool Balance. The Residence Inn Loan was
originated on December 29, 1999, and has a principal balance of $54,698,161
as of the Cut-off Date. The Residence Inn Loan was made to Residence Inn III,
LLC, a Delaware limited liability company. Borrower's counsel has provided a
non-consolidation opinion.
The Residence Inn Loan has a remaining term of 112 months and matures on
January 1, 2010. The Residence Inn Loan may not be prepaid prior to, and
including, November 1, 2009. However, the Residence Inn Loan is subject to
defeasance with United States Treasury obligations beginning two years from
the Trust Formation Date. The Residence Inn Loan may be prepaid without
payment of a prepayment penalty during the two months preceding the maturity
date.
Additional terms and escrows for the Residence Inn Loan are set forth in
Annex A to the preliminary prospectus supplement.
- THE PROPERTIES. The collateral for the Residence Inn Loan consists of ten
upper-tier extended-stay hotels flagged under Residence Inn by Marriott. The
hotels are managed by Residence Inn by Marriott, Inc., one of the largest
lodging companies in the world. The properties are under a long term
management agreement expiring December 2011 with automatic extension options
of five ten-year renewal periods. The related mortgaged properties are
located in seven states for geographic diversity. The hotels have 1,150 rooms
in the aggregate.
<TABLE>
<CAPTION>
YR. BUILT/
ROOMS RENOVATED
----- ----------
<S> <C> <C>
Residence Inn -- Montgomery, AL............................. 94 1990
Residence Inn -- Bakersfield, CA............................ 114 1990
Residence Inn -- Pleasant Hill, CA.......................... 126 1990
Residence Inn -- San Ramon, CA.............................. 106 1990
Residence Inn -- Meriden, CT................................ 106 1990
Residence Inn -- Atlanta (Hapeville), GA.................... 126 1990
Residence Inn -- Boston (Tewksbury), MA..................... 130 1989
Residence Inn -- Cincinnati (Blue Ash), OH.................. 118 1990
Residence Inn -- Houston, TX................................ 110 1990/1997
Residence Inn -- Dallas (Irving), TX........................ 120 1989
</TABLE>
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 22
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
- DEBT SERVICE COVERAGE COVENANT. The loan documents contain a debt service
coverage covenant, which is tested quarterly based on a prior twelve months
actual operations. In the event the aggregate debt service coverage based on
actual revenues and expenses net of appropriate reserves, taxes and insurance
drops below 1.50x, a cash sweep will take effect. The cash sweep will subside
when two full months of debt service have been collected. The two months of
debt service will be held as additional collateral and may be used to pay
down the loan or fund any debt service shortfalls.
- DEBT SERVICE RESERVE. Two months of debt service will be held in escrow for
the term of the mortgage loan. The escrow account is pledged as additional
collateral for the loan and may be applied to reduce the mortgage loan.
- MERIDEN, CONNECTICUT GROUND LEASE. The Meriden, CT property is encumbered by
a ground lease. The ground lease expires in October 2013. The ground lease
has ten (10) renewal options of five (5) years each, which are automatically
renewed for a total of 50 years. At ground lease expiration, the borrower
must pre-pay $1,500,000 to exercise the first five (5) year extension option.
To mitigate this risk, the borrower will begin making monthly escrow payments
beginning in year six (6) through the duration of the loan term into a ground
lease payment escrow account.
- PARTIAL RELEASE/DEFEASANCE. In the event the borrower elects to partially
release/defease at any permitted time, the borrower will provide direct,
non-callable obligations of the U.S. government in an amount equal to 125% of
the allocated loan amount for one or more of the properties to be released.
Conditions of partial defeasance require the borrower to provide (i)
appropriate and customary opinions of independent counsel and (ii) written
evidence from rating agencies that such defeasance will not result in a
withdrawal, qualification or downgrade of the respective ratings of the
Certificates. Furthermore, as a condition of the borrower's ability to
defease less than all of the properties constituting collateral for the
mortgage loan, the borrower will be required to provide satisfactory
evidence, that, after partial defeasance, the remaining properties will
support a debt service coverage at least equal to the greater of (i) the debt
service coverage ratio at the time of closing of the loan or (ii) the debt
service coverage ratio immediately prior to the partial defeasance.
- SPONSORSHIP. In addition to the 77% limited partnership interest in the
subject properties, Crestline Capital leases approximately 119 full service
hotels in the upscale and luxury segments of the lodging industry and
subleases approximately 71 limited service hotels from Host Marriott REIT. In
addition, Crestline Capital owns approximately 31 senior living communities
located in 13 states which contain over 7,450 units. The senior living
communities are generally a quality segment of private pay customers. As a
spin off from Host Marriott Corporation, Crestline Capital has significant
managerial experience in the lodging and senior living industries.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 23
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
- OPERATING HISTORY
<TABLE>
<CAPTION>
1998 1999 ORIGINATOR'S
ACTUAL ACTUAL UNDERWRITTEN
----------- ----------- ------------
<S> <C> <C> <C>
Effective Gross Income (EGI)................................ $37,278,961 $38,003,248 $32,742,844
Operating Expenses.......................................... 21,741,513 21,684,834 20,119,031
----------- ----------- -----------
Net Operating Income (NOI).................................. 15,537,448 16,318,414 12,623,813
Cash Flow................................................... $13,581,306 $14,426,938 $11,038,118
=========== =========== ===========
Occupancy................................................... 87% 86% 75%
DSCR based on NOI........................................... 2.65x 2.78x 2.15x
DSCR based on Cash Flow..................................... 2.31x 2.46x 1.88x
</TABLE>
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 24
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
THE SCI PORTFOLIO
- THE LOAN. The Mortgage Loans (the "1401 Elm Street & 500 West 7th Street
Loan" and the "1025 Elm Street Loan") are each secured by a first mortgage
encumbering several office buildings. The 1401 Elm Street & 500 West 7th
Street Loan is secured by a first mortgage encumbering a condominium interest
in a 51-story office building located at 1401 Elm Street in the central
business district of Dallas and a first mortgage encumbering a 21-story
office building located at 500 West 7th Street in the central business
district of Ft. Worth. Both properties are subject to ground leases. For 1401
Elm Street, the ground lease interest covers the entire property's 1.86
acres. For 500 West 7th Street, the ground lease interest covers 1.3888 acres
out of 2.73 acres. The 1025 Elm Street Loan is secured by a first mortgage
encumbering a 10-story office building located at 1025 Elm Street in the
central business district of Dallas. The mortgage loans represent
approximately 3.8% and 1.0% of the Initial Pool Balance, respectively. Both
mortgage loans were originated on November 1, 1999. The 1401 Elm Street & 500
West 7th Street Loan and 1025 Elm Street Loan have principal balances as of
the Cut-off Date of $34,189,373 and $8,923,623, respectively.
The 1401 Elm Street & 500 West 7th Street Loan was made to Elm Street
Portfolio, L.P. , a Texas Limited Partnership and the 1025 Elm Street Loan
was made to 1025 Elm Holdings, L.P. a Texas Limited Partnership. Borrower's
counsel provided a non-consolidation opinion at origination.
Both the 1401 Elm Street & 500 West 7th Street Loan and 1025 Elm Street Loan
have remaining terms of 110 months and mature on November 1, 2009. Both the
1401 Elm Street Loan & 500 West 7th Street Loan and 1025 Elm Street Loan may
not be prepaid prior to, and including, September 1, 2009. However, both
loans are subject to defeasance with United State Treasury obligations
beginning two years after the Trust Formation Date. Both the 1401 Elm Street
& 500 West 7th Street Loan and the 1025 Elm Street Loan may be prepaid
without the payment of a prepayment penalty during the two months preceding
the maturity date of the loans.
- THE PROPERTIES. The 1401 Elm Street and 500 West 7th Street office buildings
were constructed in 1964 and 1961, respectively. The 1401 Elm Street property
is a concrete and steel high-rise with marble cladding on the first eight
floors. Each of the first eight floors have 60,000 square feet floor plates,
while floors nine through fifty-one have floor plates of 30,000 square feet
each. Located in the central business district of Dallas, the property
encompasses an entire city block, and is located next to the new DART rail
system which runs through the heart of downtown Dallas. It contains 1,095,000
square feet of net rentable area and an underground 3-level garage containing
545 parking spaces. The borrower owns a 43% condominium interest in the
building (but a 50% voting interest in the Condominium Regime) covering lower
levels 1 and 2, and floors 1st through 9th. The condominium interest covers
428,884 square feet of net rentable area of which Bank of America, N.A. is
the sole office tenant occupying 418,646 square feet. The remaining 10,238
square feet is retail space of which 7,105 square feet is occupied by 3
tenants.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 25
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
The 500 West 7th street office building is a concrete and steel high-rise
with the first three floors having 28,000 square feet plates and the floors
four through twenty-one with floor plates of 14,000 square feet each. Located
in the central business district of Ft. Worth it encompasses an entire city
block. It contains 288,971 square feet of net rentable area and a detached
7-level garage containing 484 parking spaces. Bank of America, N.A. is the
largest office tenant occupying 115,203 square feet or 39.9% of the total
285,198 square feet of office space.
The 1025 Elm Street property was originally constructed in 1925, added a
parking deck in 1960 and underwent a total rehabilitation in 1989. The ten
story building has 137,534 net rentable square feet which is ninety-nine
percent (99%) occupied by Bank of America, N.A. and one percent (1%) occupied
by Barbecue, Etc. The property is located in the central business district of
Dallas.
- ESCROWS. In addition to the normal escrows for taxes & insurance and capital
replacements, two special reserve accounts have been established. The first
is a ground lease escrow into which 36 months of ground lease payments were
deposited. The borrower is required to maintain the 36 month balance in
escrow during the term of the loan, except that, during the three year period
prior to the maturity date of the loan, the borrower may use such funds for
the payment of ground rents only. The second escrow established is for tenant
improvements and leasing commissions. It was originally funded with a
combined deposit for all three properties, and is scheduled to increase
through cash sweeps of the lock box account if the major tenant, Bank of
America, N.A., does not renew its lease within 2 years of lease expiration.
- LOCK BOX ACCOUNT. A hard lock box was established at closing. All revenue
from the tenants in excess of the amount necessary to pay debt service and
required reserves will accrue for the benefit of the borrower and, provided
no event of default shall have occurred, the excess will be returned to the
borrower at the end of each month. If at any time the debt service coverage
ratio falls below 1.20x over a three month trailing period, a cash sweep of
all cash flow, after debt service, escrow reserves and all related operating
expenses, is required as additional collateral for the loan, up to an amount
equaling nine months of debt service. In the event the debt service falls
below a 1.10x for any month(s), the lender may review and terminate the
property manager.
- PROPERTY MANAGEMENT. Both buildings are managed by SCI ROEV Realty Group LP,
a management company that is related to the borrower through common
principals. SCI ROEV Realty Group LP manages all the space owned by the
borrower and it is controlled by SCI Real Estate Development and ROEV
General. The principals behind SCI Real Estate Development and ROEV General
have extensive backgrounds in managing large commercial real estate. SCI ROEV
Realty Group L.P. has 1,551,000 square feet under management, with 1,214,000
square feet of that space being in the Dallas and Fort Worth markets.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 26
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
- OPERATING HISTORY -- SCI PORTFOLIO -- 1401 ELM ST. & 500 W. 7TH ST.
<TABLE>
<CAPTION>
1998 1999 ORIGINATOR'S
ACTUAL ACTUAL UNDERWRITTEN
----------- ----------- ------------
<S> <C> <C> <C>
Effective Gross Income (EGI)............................... $10,850,671 $11,037,109 $11,795,061
Operating Expenses......................................... 4,881,116 5,028,247 5,408,953
----------- ----------- -----------
Net Operating Income (NOI)................................. 5,969,555 6,008,861 6,386,108
Cash Flow.................................................. $ 5,969,555 $ 5,938,066 $ 5,195,198
=========== =========== ===========
Occupancy.................................................. 94%
DSCR based on NOI.......................................... 1.76x 1.78x 1.89x
DSCR based on Cash Flow.................................... 1.76x 1.76x 1.54x
</TABLE>
- OPERATING HISTORY -- SCI PORTFOLIO -- 1025 ELM STREET
<TABLE>
<CAPTION>
1998 1999 ORIGINATOR'S
ACTUAL ACTUAL UNDERWRITTEN
---------- ---------- ------------
<S> <C> <C> <C>
Effective Gross Income (EGI)................................ $2,037,345 $2,112,208 $2,223,330
Operating Expenses.......................................... 708,724 770,707 823,411
---------- ---------- ----------
Net Operating Income (NOI).................................. 1,328,621 1,341,501 1,399,919
Cash Flow................................................... $1,328,621 $1,341,014 $1,176,544
========== ========== ==========
Occupancy................................................... 100%
DSCR based on NOI........................................... 1.51x 1.52x 1.59x
DSCR based on Cash Flow..................................... 1.51x 1.52x 1.33x
</TABLE>
- MAJOR TENANT. Bank of America, N. A. is the largest tenant at the three
buildings, occupying 97.6%, 39.9% and 99.2% of the net rentable area at 1401
Elm Street, 500 West 7th Street and 1025 Elm Street, respectively. The loans'
maturity dates are November 1, 2009 while the Bank of America, N.A. leases
extend beyond the loan term and mature December 31, 2009.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 27
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
THE INTERSTATE CORPORATE CENTER LOAN
- THE LOAN. The Mortgage Loan ("Interstate Corporate Center Loan") is secured
by a first mortgage encumbering a seventeen-building office park located in
Norfolk, Virginia, and represents approximately 3.0% of the Initial Pool
Balance. Originated on June 29, 2000, the loan has a principal balance as of
the Cut-off Date of $26,580,260. The Interstate Corporate Center Loan was
made to Interstate Office Holdings, L.L.C.
The Interstate Corporate Center Loan has a remaining term of 118 months and
matures on July 1, 2010. The Interstate Corporate Center Loan may not be
prepaid prior to, and including, May 1, 2010. However, the Interstate
Corporate Center Loan is subject to defeasance with United States Treasury
obligations beginning two years from the Trust Formation Date.
Additional terms and escrows for the Interstate Corporate Center Loan are
set forth in Annex A to the preliminary prospectus supplement.
- THE PROPERTY. The Interstate Corporate Center is a seventeen-building office
park that was developed as a Koger Center. The buildings are all one- and
two-story, and contain, in the aggregate, net rentable square feet of
430,833. All of the buildings have reinforced concrete slab-on-grade with low
slope roofs with metal decking and single-ply "rubber" roofing membranes. The
exterior wall construction varies for each building, but is typically brick,
stucco and concrete.
Built in 1968 and first renovated in 1977, the property was purchased by the
current owner in May 1999, who subsequently renovated and re-tenanted. The
property achieved stabilization in early 2000.
- PROPERTY MANAGEMENT. The property is managed by Harbor Group Management
Company, a related entity to Interstate Office Holdings, L.L.C., who manages
approximately 1.9 million square feet and has over 15 years experience.
- MAJOR TENANTS. The largest tenant is Harris Publishing, which occupies 9.7%
of net rentable area and has a lease maturity date of June 30, 2002. Bernard
C. Harris occupies 6.4% of net rentable area and has a lease maturity date of
June 30, 2001.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 28
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
- OPERATING HISTORY
<TABLE>
<CAPTION>
1998 ORIGINATOR'S
ACTUAL UNDERWRITTEN
---------- ------------
<S> <C> <C>
Effective Gross Income (EGI)................................ $5,350,775 $5,804,142
Operating Expenses.......................................... 2,395,307 2,168,864
---------- ----------
Net Operating Income (NOI).................................. 2,955,468 3,635,278
Cash Flow................................................... 2,246,003 3,080,503
========== ==========
Occupancy................................................... 91%
DSCR based on NOI........................................... 1.20x 1.48x
DSCR based on Cash Flow..................................... 0.92x 1.26x
</TABLE>
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 29
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
111 WEST JACKSON LOAN
- THE LOAN. The Mortgage Loan (the "111 West Jackson Loan") is secured by a
first mortgage encumbering an office building in Chicago, Illinois, and
represents approximately 2.9% of the Initial Pool Balance. Originated on
February 9, 2000, the loan has a principal balance as of the Cut-off Date of
$26,057,903. The 111 West Jackson Loan was made to P & S Limited Partners, an
Illinois Limited Partnership.
The 111 West Jackson Loan has a remaining term of 114 months and matures on
March 1, 2010. The 111 West Jackson Loan may not be prepaid prior to, and
including, December 1, 2009. However, the 111 West Jackson Loan is subject to
Defeasance with United States Treasury obligations beginning two years from
the Trust Formation Date.
Additional terms and escrows for the 111 West Jackson Loan are set forth in
Annex A to the preliminary prospectus supplement.
- THE PROPERTY. The 111 West Jackson Street Office Property is a Class B
office building in the south sector of the Chicago Central Business District,
commonly known as the Financial District. Completed in 1960, the subject has
been significantly upgraded during the period of ownership by the Borrower
and converted from a three tenant building to a more flexible facility with
multi-tenant floors and amenities. This 25-story office building comprises
two primary uses: retail and office. The retail component is on the first
floor and encompasses 21,334 square feet, and the office component is housed
on floors 3 through 25 and encompasses 519,044 net rentable square feet. The
second floor is the mechanical floor. Combined, the building contains a net
rentable area of 540,351 square feet, enveloped by the gross building area
that totals 648,649 square feet. In addition to the retail and office mix,
the property contains underground parking for a limited number of "executive
parking spaces" of up to 90 cars.
The borrower has been successful in converting the building to a competitive
property in the market. The tenant mix is comprised of large corporate
tenants including Union Tank Car's corporate headquarters comprising over
100,000-sq. ft., of rentable space, REFCO which comprises in excess of 46,000
sq. ft., and The United States Census Bureau which leases an entire floor. In
addition, several floors are comprised of smaller tenants who have a high
degree of focus and association to the Chicago Board of Trade that is
literally adjacent to the collateral property. In conjunction with the
reorientation of the property in the leasing market, the building has been
upgraded to be competitive including updated common area space and utilities.
As noted above, the property is very well located in the Central Loop and in
the heart of the Financial District of Chicago. The property is conveniently
located to The Chicago CTA "el" transportation system that is two blocks
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 30
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
SIGNIFICANT MORTGAGE LOANS
east. Accessible within walking distance are the Federal Reserve Bank, City
Hall, Cook County Courthouse, and the State of Illinois Building. The Chicago
Board of Trade is contiguous to the building and Bank of America, N.A.'s
Chicago headquarters is across the street from the property. Access to the
other parts of the CBD is good as well as access to Michigan Avenue and Lake
Shore Drive.
- PROPERTY MANAGEMENT. The property is managed by Big Bear Properties, Inc.,
an affiliate of the P & S Limited Partners who manages in excess of one
million square feet of other commercial real estate.
- MAJOR TENANTS. Union Tank Car (A+, S&P) occupies 18.6% of net rentable area
and has a lease maturity date of December 31, 2001. REFCO occupies 8.7% of
net rentable area and has a lease maturity date of October 31, 2001.
- OPERATING HISTORY
<TABLE>
<CAPTION>
1999 ORIGINATOR'S
ACTUAL UNDERWRITTEN
---------- ------------
<S> <C> <C>
Effective Gross Income (EGI)................................ $9,262,200 $9,633,681
Operating Expenses.......................................... $5,734,067 $5,382,605
---------- ----------
Net Operating Income (NOI).................................. $3,528,133 $4,251,076
Cash Flow................................................... $2,704,648 $3,103,778
========== ==========
Occupancy................................................... 90% 87%
DSCR based on NOI........................................... 1.42x 1.71x
DSCR based on Cash Flow..................................... 1.09x 1.25x
</TABLE>
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 31
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
ADDITIONAL MORTGAGE LOAN INFORMATION
- GENERAL. For a detailed presentation of certain characteristics of the
Mortgage Loans and Mortgaged Properties, on an individual basis and in
tabular format, see Annex A to the preliminary prospectus supplement. Certain
capitalized terms that appear herein are defined in Annex A to the
preliminary prospectus supplement. See Annex B to the preliminary prospectus
supplement for certain information with respect to capital improvement,
replacement and tenant improvement reserve accounts, as well as certain other
information with respect to Multifamily Mortgaged Properties.
- DELINQUENCIES. As of the Cut-off Date, no Mortgage Loan will have been 30
days or more delinquent in respect of any Monthly Payment during the past 12
months. All of the Mortgage Loans were originated during the 36 months prior
to the Cut-off Date.
- TENANT MATTERS. Seventy of the retail, office, special purpose and
industrial Mortgaged Properties, which represent security for 43.0% of the
Initial Pool Balance, are leased in large part to one or more Major Tenants.
The three concentrations of Major Tenants with respect to more than one
property (groups of Mortgage Loans where the same company is a Major Tenant
of each Mortgage Loan in the group) represent 4.8% (Bank of America), 1.8%
(Publix) and 1.7% (Chubb Computer Services) of the Initial Pool Balance. In
addition, there are several cases in which a particular entity is a tenant at
multiple Mortgaged Properties, and although it may not be a Major Tenant at
any such property, it may be significant to the success of such properties.
"Major Tenants" means any tenant at a Commercial Mortgaged Property that
rents at least 20% of the Leasable Square Footage (as defined in Annex A to
the preliminary prospectus supplement) at such property.
Certain of the Multifamily Mortgaged Properties have material concentrations
of student tenants.
- GROUND LEASES AND OTHER NON-FEE INTERESTS. Seven Mortgage Loans, which
represent 15.3% of the Initial Pool Balance, are, in each such case, secured
primarily by a Mortgage on the applicable borrower's leasehold interest in
the related Mortgaged Property. In each case, either (i) the ground lessor
has subordinated its interest in the related Mortgaged Property to the
interest of the holder of the related Mortgage Loan or (ii) the ground lessor
has agreed to give the holder of the Mortgage Loan notice of, and has granted
such holder the right to cure, any default or breach by the lessee. See
"Certain Legal Aspects of Mortgage Loans -- Foreclosure -- Leasehold
Considerations" in the accompanying prospectus. Mortgage Loan No. 180602 (the
"Gateway Village Loan"), which represents 0.9% of the Initial Pool Balance,
is secured primarily by a Mortgage on the borrower's estate for years
interest in the related Mortgaged Property through 2015. In such case, by
joinder to the related Mortgage, the remainderman has subordinated its fee
interest in the related Mortgaged Property to the interest of the holder of
the Mortgage Loan.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 32
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
ADDITIONAL MORTGAGE LOAN INFORMATION
- SUBORDINATE FINANCING We are aware that three of the mortgaged properties
relating to the Mortgage Loans, representing 2.1% of the Initial Pool
Balance, were encumbered by subordinate debt as of the Cut-off Date. The
Mortgage Loans either prohibit the related borrower from encumbering the
Mortgaged Property with additional secured debt or require the consent of the
holder of the first lien prior to so encumbering such property. Five of the
Mortgage Loans, representing 12.4% of the Initial Pool Balance, expressly
permit unsecured indebtedness subject to certain conditions.
GENERALLY. The existence of subordinated indebtedness encumbering a
mortgaged property may increase the difficulty of refinancing the related
mortgage loan at maturity and the possibility that reduced cash flow could
result in deferred maintenance. Also, in the event that the holder of the
subordinated debt files for bankruptcy or is placed in involuntary
receivership, foreclosure on the mortgaged property could be delayed.
Regardless of whether the terms of a mortgage loan prohibit the incurrence of
subordinate debt, the related borrower may be permitted to incur additional
indebtedness secured by furniture, fixtures and equipment, and to incur
additional unsecured indebtedness. See "Certain Legal Aspects of Mortgage
Loans -- Subordinate Financing" in the accompanying prospectus.
- LENDER/BORROWER RELATIONSHIPS. The Mortgage Loan Sellers or the Depositor or
any of their affiliates may maintain certain banking or other relationships
with borrowers under the Mortgage Loans or their affiliates, and proceeds of
the Mortgage Loans may, in certain limited cases, be used by such borrowers
or their affiliates in whole or in part to pay indebtedness owed to the
Mortgage Loan Sellers, the Depositor or such other entities.
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 33
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
PRICE/YIELD TABLES
The tables set forth hereafter show the corporate bond equivalent yield,
modified duration weighted average life and the first Distribution Date and
final Distribution Date on which principal or interest, as applicable, is to be
paid with respect to the Classes of Offered Certificates under various scenarios
and for a variety of purchase prices. Purchase prices are generally expressed in
32nds (i.e. 99-16 means 99 16/32) as a percentage of the related aggregate
principal balance (the "Certificate Balance") of the relevant Class, or in the
case of the Class X Certificates a "Notional Amount" equal to the Certificate
Balances of the Sequential Pay Certificates.
The yields set forth in the following tables were calculated by determining the
monthly discount rates which, when applied to the assumed stream of cash flows
to be paid on each Class of Offered Certificates, would cause the discounted
present value of such assumed stream of cash flows as of October 30, 2000 to
equal the assumed purchase prices, plus accrued interest at the applicable
pass-through rate from and including October 1, 2000 to, but excluding the
Settlement Date, and converting such monthly rates to semi-annual corporate bond
equivalent rates. Assumed cash flows were determined based on actual loan terms,
the coupons set forth in each table, and the assumptions as to prepayments,
extensions and receipts of prepayment premiums set forth in each table, and to
the extent not inconsistent herewith, based on the Maturity Assumptions as
defined in the preliminary prospectus supplement dated October 2000 with respect
to the Offered Certificates. Such calculation does not take into account
variations that may occur in the interest rates at which investors may be able
to reinvest funds received by them as reductions of the Certificate Balances of
the respective Classes of Offered Certificates and consequently does not purport
to reflect the return on any investment in such Classes of Certificates when
such reinvestment rates are considered. For purposes of these tables, "modified
duration" has been calculated using Macaulay Duration. The Macaulay Duration is
calculated as the present value weighted average time to receive future payments
of principal and interest. Modified duration is calculated by dividing the
Macaulay Duration by the appropriate semi-annual compounding factor. The
duration of a security may be calculated according to various methodologies;
accordingly, no representation is made by the Depositor, the Underwriters or any
other person that the "modified duration" approach used herein is appropriate.
Duration, like yield, will be affected by the prepayment rate of the Mortgage
Loans and extensions in respect of Balloon Payments that actually occur during
the life of the Offered Certificates and by the actual performance of the
Mortgage Loans, all of which may differ, and may differ significantly, from the
assumptions used in preparing the tables below. The modified duration shown in
the following tables, in each case, relates to the yield shown above such
modified duration number in the middle pricing assumption row (i.e. the 9th
number from the top of the column containing such modified duration number).
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 34
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
PRICE/YIELD TABLE - CLASS A-1
<TABLE>
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-2 Initial Balance: 198,316,225
Settlement Date: 10/30/2000 Initial Pass-Through Rate: 7.1140%
Accrual Start Date: 10/01/2000
First Pay Date: 11/15/2000
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3
<S> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 0.00% 25.00% 50.00%
<CAPTION>
PREPAYMENT (CPR) SCENARIO 4 SCENARIO 5
<S> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
99-24.0 7.21 7.21 7.21 7.21
------------------------------------------------------------------------------------------------------------------------------
99-26.0 7.20 7.20 7.20 7.20
------------------------------------------------------------------------------------------------------------------------------
99-28.0 7.19 7.19 7.19 7.19
------------------------------------------------------------------------------------------------------------------------------
99-30.0 7.17 7.17 7.17 7.17
------------------------------------------------------------------------------------------------------------------------------
100-0.0 7.16 7.16 7.16 7.16
------------------------------------------------------------------------------------------------------------------------------
100-2.0 7.14 7.14 7.14 7.14
------------------------------------------------------------------------------------------------------------------------------
100-4.0 7.13 7.13 7.13 7.13
------------------------------------------------------------------------------------------------------------------------------
100-6.0 7.12 7.12 7.12 7.12
------------------------------------------------------------------------------------------------------------------------------
100-8.0 7.10 7.10 7.10 7.10
------------------------------------------------------------------------------------------------------------------------------
100-10.0 7.09 7.09 7.09 7.09
------------------------------------------------------------------------------------------------------------------------------
100-12.0 7.07 7.07 7.07 7.07
------------------------------------------------------------------------------------------------------------------------------
100-14.0 7.06 7.06 7.06 7.06
------------------------------------------------------------------------------------------------------------------------------
100-16.0 7.05 7.05 7.05 7.04
------------------------------------------------------------------------------------------------------------------------------
100-18.0 7.03 7.03 7.03 7.03
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.02 7.02 7.02 7.02
------------------------------------------------------------------------------------------------------------------------------
100-22.0 7.00 7.00 7.00 7.00
------------------------------------------------------------------------------------------------------------------------------
100-24.0 6.99 6.99 6.99 6.99
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 5.75 5.74 5.72 5.69
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 4.44 4.43 4.42 4.40
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 11/15/2000 11/15/2000 11/15/2000 11/15/2000
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 04/15/2009 04/15/2009 04/15/2009 03/15/2009
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 102 102 102 101
<CAPTION>
SCENARIO 5
<S> <C>
------------------------------------------------------------------------------------------------------------------------------
99-24.0 7.21
------------------------------------------------------------------------------------------------------------------------------
99-26.0 7.20
------------------------------------------------------------------------------------------------------------------------------
99-28.0 7.19
------------------------------------------------------------------------------------------------------------------------------
99-30.0 7.17
------------------------------------------------------------------------------------------------------------------------------
100-0.0 7.16
------------------------------------------------------------------------------------------------------------------------------
100-2.0 7.14
------------------------------------------------------------------------------------------------------------------------------
100-4.0 7.13
------------------------------------------------------------------------------------------------------------------------------
100-6.0 7.11
------------------------------------------------------------------------------------------------------------------------------
100-8.0 7.10
------------------------------------------------------------------------------------------------------------------------------
100-10.0 7.08
------------------------------------------------------------------------------------------------------------------------------
100-12.0 7.07
------------------------------------------------------------------------------------------------------------------------------
100-14.0 7.06
------------------------------------------------------------------------------------------------------------------------------
100-16.0 7.04
------------------------------------------------------------------------------------------------------------------------------
100-18.0 7.03
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.01
------------------------------------------------------------------------------------------------------------------------------
100-22.0 7.00
------------------------------------------------------------------------------------------------------------------------------
100-24.0 6.98
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 5.57
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 4.33
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 11/15/2000
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 11/15/2008
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 97
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 09/28/00
<S> <C> <C> <C> <C>
------------------------------------------------------------ ------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
------------------------------
Initial Balance is as of October 1st, 2000 1/4 6.230
Prepay Rates are a Constant % of CPR 1/2 6.280
100% of All Prepayment Premiums are assumed to be collected 1 6.090
Prepayment Premiums are allocated to one or more classes 2 6.000
of the offered certificates as described under "Description
of the Certificates-Distributions-Distributions of 5 5.880
Prepayment Premiums" in the Prospectus Supplement. 10 5.820
No Extensions on any Mortgage Loan 30 5.880
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 35
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
PRICE/YIELD TABLE - CLASS A-2
<TABLE>
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-2 Initial Balance: 477,137,063
Settlement Date: 10/30/2000 Initial Pass-Through Rate: 7.3090%
Accrual Start Date: 10/01/2000
First Pay Date: 11/15/2000
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3
<S> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 0.00% 25.00% 50.00%
<CAPTION>
PREPAYMENT (CPR) SCENARIO 4 SCENARIO 5
<S> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
99-16.0 7.45 7.45 7.45 7.45
------------------------------------------------------------------------------------------------------------------------------
99-20.0 7.44 7.44 7.44 7.44
------------------------------------------------------------------------------------------------------------------------------
99-24.0 7.42 7.42 7.42 7.42
------------------------------------------------------------------------------------------------------------------------------
99-28.0 7.40 7.40 7.40 7.40
------------------------------------------------------------------------------------------------------------------------------
100-0.0 7.38 7.38 7.38 7.38
------------------------------------------------------------------------------------------------------------------------------
100-4.0 7.36 7.36 7.36 7.36
------------------------------------------------------------------------------------------------------------------------------
100-8.0 7.34 7.34 7.34 7.34
------------------------------------------------------------------------------------------------------------------------------
100-12.0 7.32 7.32 7.32 7.32
------------------------------------------------------------------------------------------------------------------------------
100-16.0 7.30 7.30 7.30 7.30
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.28 7.28 7.28 7.28
------------------------------------------------------------------------------------------------------------------------------
100-24.0 7.26 7.26 7.26 7.26
------------------------------------------------------------------------------------------------------------------------------
100-28.0 7.24 7.24 7.24 7.24
------------------------------------------------------------------------------------------------------------------------------
101-0.0 7.22 7.22 7.22 7.22
------------------------------------------------------------------------------------------------------------------------------
101-4.0 7.21 7.21 7.20 7.20
------------------------------------------------------------------------------------------------------------------------------
101-8.0 7.19 7.19 7.19 7.19
------------------------------------------------------------------------------------------------------------------------------
101-12.0 7.17 7.17 7.17 7.17
------------------------------------------------------------------------------------------------------------------------------
101-16.0 7.15 7.15 7.15 7.15
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.18 9.17 9.15 9.13
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.47 6.46 6.45 6.44
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 04/15/2009 04/15/2009 04/15/2009 03/15/2009
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 05/15/2010 05/15/2010 04/15/2010 04/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 14 14 13 14
<CAPTION>
SCENARIO 5
<S> <C>
------------------------------------------------------------------------------------------------------------------------------
99-16.0 7.46
------------------------------------------------------------------------------------------------------------------------------
99-20.0 7.44
------------------------------------------------------------------------------------------------------------------------------
99-24.0 7.42
------------------------------------------------------------------------------------------------------------------------------
99-28.0 7.40
------------------------------------------------------------------------------------------------------------------------------
100-0.0 7.38
------------------------------------------------------------------------------------------------------------------------------
100-4.0 7.36
------------------------------------------------------------------------------------------------------------------------------
100-8.0 7.34
------------------------------------------------------------------------------------------------------------------------------
100-12.0 7.32
------------------------------------------------------------------------------------------------------------------------------
100-16.0 7.30
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.28
------------------------------------------------------------------------------------------------------------------------------
100-24.0 7.26
------------------------------------------------------------------------------------------------------------------------------
100-28.0 7.24
------------------------------------------------------------------------------------------------------------------------------
101-0.0 7.22
------------------------------------------------------------------------------------------------------------------------------
101-4.0 7.20
------------------------------------------------------------------------------------------------------------------------------
101-8.0 7.18
------------------------------------------------------------------------------------------------------------------------------
101-12.0 7.16
------------------------------------------------------------------------------------------------------------------------------
101-16.0 7.14
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 8.98
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.37
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 11/15/2008
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 03/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 17
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 09/28/00
<S> <C> <C> <C> <C>
------------------------------------------------------------ ------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
------------------------------
Initial Balance is as of October 1st, 2000 1/4 6.230
Prepay Rates are a Constant % of CPR 1/2 6.280
100% of All Prepayment Premiums are assumed to be collected 1 6.090
Prepayment Premiums are allocated to one or more classes 2 6.000
of the offered certificates as described under "Description
of the Certificates-Distributions-Distributions of 5 5.880
Prepayment Premiums" in the Prospectus Supplement. 10 5.820
No Extensions on any Mortgage Loan 30 5.880
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 36
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
PRICE/YIELD TABLE - CLASS B
<TABLE>
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-2 Initial Balance: 37,816,366
Settlement Date: 10/30/2000 Initial Pass-Through Rate: 7.4580%
Accrual Start Date: 10/01/2000
First Pay Date: 11/15/2000
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3
<S> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 0.00% 25.00% 50.00%
<CAPTION>
PREPAYMENT (CPR) SCENARIO 4 SCENARIO 5
<S> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
99-16.0 7.61 7.61 7.61 7.61
------------------------------------------------------------------------------------------------------------------------------
99-20.0 7.59 7.59 7.59 7.59
------------------------------------------------------------------------------------------------------------------------------
99-24.0 7.57 7.57 7.57 7.57
------------------------------------------------------------------------------------------------------------------------------
99-28.0 7.55 7.55 7.55 7.55
------------------------------------------------------------------------------------------------------------------------------
100-0.0 7.53 7.53 7.53 7.53
------------------------------------------------------------------------------------------------------------------------------
100-4.0 7.51 7.51 7.51 7.51
------------------------------------------------------------------------------------------------------------------------------
100-8.0 7.49 7.49 7.49 7.49
------------------------------------------------------------------------------------------------------------------------------
100-12.0 7.47 7.47 7.47 7.47
------------------------------------------------------------------------------------------------------------------------------
100-16.0 7.46 7.46 7.46 7.46
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.44 7.44 7.44 7.44
------------------------------------------------------------------------------------------------------------------------------
100-24.0 7.42 7.42 7.42 7.42
------------------------------------------------------------------------------------------------------------------------------
100-28.0 7.40 7.40 7.40 7.40
------------------------------------------------------------------------------------------------------------------------------
101-0.0 7.38 7.38 7.38 7.38
------------------------------------------------------------------------------------------------------------------------------
101-4.0 7.36 7.36 7.36 7.36
------------------------------------------------------------------------------------------------------------------------------
101-8.0 7.34 7.34 7.34 7.34
------------------------------------------------------------------------------------------------------------------------------
101-12.0 7.33 7.33 7.33 7.32
------------------------------------------------------------------------------------------------------------------------------
101-16.0 7.31 7.31 7.31 7.31
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.56 9.56 9.54 9.52
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.61 6.61 6.60 6.59
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 05/15/2010 05/15/2010 04/15/2010 04/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 06/15/2010 06/15/2010 06/15/2010 05/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 2 2 3 2
<CAPTION>
SCENARIO 5
<S> <C>
------------------------------------------------------------------------------------------------------------------------------
99-16.0 7.61
------------------------------------------------------------------------------------------------------------------------------
99-20.0 7.59
------------------------------------------------------------------------------------------------------------------------------
99-24.0 7.57
------------------------------------------------------------------------------------------------------------------------------
99-28.0 7.55
------------------------------------------------------------------------------------------------------------------------------
100-0.0 7.53
------------------------------------------------------------------------------------------------------------------------------
100-4.0 7.51
------------------------------------------------------------------------------------------------------------------------------
100-8.0 7.49
------------------------------------------------------------------------------------------------------------------------------
100-12.0 7.47
------------------------------------------------------------------------------------------------------------------------------
100-16.0 7.45
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.44
------------------------------------------------------------------------------------------------------------------------------
100-24.0 7.42
------------------------------------------------------------------------------------------------------------------------------
100-28.0 7.40
------------------------------------------------------------------------------------------------------------------------------
101-0.0 7.38
------------------------------------------------------------------------------------------------------------------------------
101-4.0 7.36
------------------------------------------------------------------------------------------------------------------------------
101-8.0 7.34
------------------------------------------------------------------------------------------------------------------------------
101-12.0 7.32
------------------------------------------------------------------------------------------------------------------------------
101-16.0 7.30
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.39
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.53
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 03/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 04/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 2
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 09/28/00
<S> <C> <C> <C> <C>
------------------------------------------------------------ ------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
------------------------------
Initial Balance is as of October 1st, 2000 1/4 6.230
Prepay Rates are a Constant % of CPR 1/2 6.280
100% of All Prepayment Premiums are assumed to be collected 1 6.090
Prepayment Premiums are allocated to one or more classes 2 6.000
of the offered certificates as described under "Description
of the Certificates-Distributions-Distributions of 5 5.880
Prepayment Premiums" in the Prospectus Supplement. 10 5.820
No Extensions on any Mortgage Loan 30 5.880
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 37
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
PRICE/YIELD TABLE - CLASS C
<TABLE>
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-2 Initial Balance: 24,469,413
Settlement Date: 10/30/2000 Initial Pass-Through Rate: 7.5450%
Accrual Start Date: 10/01/2000
First Pay Date: 11/15/2000
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3
<S> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 0.00% 25.00% 50.00%
<CAPTION>
PREPAYMENT (CPR) SCENARIO 4 SCENARIO 5
<S> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
99-16.0 7.70 7.70 7.70 7.70
------------------------------------------------------------------------------------------------------------------------------
99-20.0 7.68 7.68 7.68 7.68
------------------------------------------------------------------------------------------------------------------------------
99-24.0 7.66 7.66 7.66 7.66
------------------------------------------------------------------------------------------------------------------------------
99-28.0 7.64 7.64 7.64 7.64
------------------------------------------------------------------------------------------------------------------------------
100-0.0 7.62 7.62 7.62 7.62
------------------------------------------------------------------------------------------------------------------------------
100-4.0 7.60 7.60 7.60 7.60
------------------------------------------------------------------------------------------------------------------------------
100-8.0 7.58 7.58 7.58 7.58
------------------------------------------------------------------------------------------------------------------------------
100-12.0 7.56 7.56 7.56 7.56
------------------------------------------------------------------------------------------------------------------------------
100-16.0 7.55 7.55 7.55 7.55
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.53 7.53 7.53 7.53
------------------------------------------------------------------------------------------------------------------------------
100-24.0 7.51 7.51 7.51 7.51
------------------------------------------------------------------------------------------------------------------------------
100-28.0 7.49 7.49 7.49 7.49
------------------------------------------------------------------------------------------------------------------------------
101-0.0 7.47 7.47 7.47 7.47
------------------------------------------------------------------------------------------------------------------------------
101-4.0 7.45 7.45 7.45 7.45
------------------------------------------------------------------------------------------------------------------------------
101-8.0 7.43 7.43 7.43 7.43
------------------------------------------------------------------------------------------------------------------------------
101-12.0 7.42 7.42 7.42 7.41
------------------------------------------------------------------------------------------------------------------------------
101-16.0 7.40 7.40 7.40 7.40
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.63 9.63 9.63 9.61
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.61 6.61 6.61 6.60
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 06/15/2010 06/15/2010 06/15/2010 05/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 06/15/2010 06/15/2010 06/15/2010 06/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 1 1 1 2
<CAPTION>
SCENARIO 5
<S> <C>
------------------------------------------------------------------------------------------------------------------------------
99-16.0 7.70
------------------------------------------------------------------------------------------------------------------------------
99-20.0 7.68
------------------------------------------------------------------------------------------------------------------------------
99-24.0 7.66
------------------------------------------------------------------------------------------------------------------------------
99-28.0 7.64
------------------------------------------------------------------------------------------------------------------------------
100-0.0 7.62
------------------------------------------------------------------------------------------------------------------------------
100-4.0 7.60
------------------------------------------------------------------------------------------------------------------------------
100-8.0 7.58
------------------------------------------------------------------------------------------------------------------------------
100-12.0 7.56
------------------------------------------------------------------------------------------------------------------------------
100-16.0 7.54
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.53
------------------------------------------------------------------------------------------------------------------------------
100-24.0 7.51
------------------------------------------------------------------------------------------------------------------------------
100-28.0 7.49
------------------------------------------------------------------------------------------------------------------------------
101-0.0 7.47
------------------------------------------------------------------------------------------------------------------------------
101-4.0 7.45
------------------------------------------------------------------------------------------------------------------------------
101-8.0 7.43
------------------------------------------------------------------------------------------------------------------------------
101-12.0 7.41
------------------------------------------------------------------------------------------------------------------------------
101-16.0 7.39
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.49
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.55
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 04/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 05/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 2
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 09/28/00
<S> <C> <C> <C> <C>
------------------------------------------------------------ ------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
------------------------------
Initial Balance is as of October 1st, 2000 1/4 6.230
Prepay Rates are a Constant % of CPR 1/2 6.280
100% of All Prepayment Premiums are assumed to be collected 1 6.090
Prepayment Premiums are allocated to one or more classes 2 6.000
of the offered certificates as described under "Description
of the Certificates-Distributions-Distributions of Prepayment 5 5.880
Premiums" in the Prospectus Supplement. 10 5.820
No Extensions on any Mortgage Loan 30 5.880
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 38
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
PRICE/YIELD TABLE - CLASS D
<TABLE>
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-2 Initial Balance: 17,795,938
Settlement Date: 10/30/2000 Initial Pass-Through Rate: 7.5840%
Accrual Start Date: 10/01/2000
First Pay Date: 11/15/2000
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3
<S> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 0.00% 25.00% 50.00%
<CAPTION>
PREPAYMENT (CPR) SCENARIO 4 SCENARIO 5
<S> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
99-16.0 7.74 7.74 7.74 7.74
------------------------------------------------------------------------------------------------------------------------------
99-20.0 7.72 7.72 7.72 7.72
------------------------------------------------------------------------------------------------------------------------------
99-24.0 7.70 7.70 7.70 7.70
------------------------------------------------------------------------------------------------------------------------------
99-28.0 7.68 7.68 7.68 7.68
------------------------------------------------------------------------------------------------------------------------------
100-0.0 7.66 7.66 7.66 7.66
------------------------------------------------------------------------------------------------------------------------------
100-4.0 7.64 7.64 7.64 7.64
------------------------------------------------------------------------------------------------------------------------------
100-8.0 7.62 7.62 7.62 7.62
------------------------------------------------------------------------------------------------------------------------------
100-12.0 7.60 7.60 7.60 7.60
------------------------------------------------------------------------------------------------------------------------------
100-16.0 7.59 7.59 7.59 7.59
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.57 7.57 7.57 7.57
------------------------------------------------------------------------------------------------------------------------------
100-24.0 7.55 7.55 7.55 7.55
------------------------------------------------------------------------------------------------------------------------------
100-28.0 7.53 7.53 7.53 7.53
------------------------------------------------------------------------------------------------------------------------------
101-0.0 7.51 7.51 7.51 7.51
------------------------------------------------------------------------------------------------------------------------------
101-4.0 7.49 7.49 7.49 7.49
------------------------------------------------------------------------------------------------------------------------------
101-8.0 7.47 7.47 7.47 7.47
------------------------------------------------------------------------------------------------------------------------------
101-12.0 7.45 7.45 7.45 7.45
------------------------------------------------------------------------------------------------------------------------------
101-16.0 7.44 7.44 7.44 7.44
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.63 9.63 9.63 9.63
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.60 6.60 6.60 6.60
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 06/15/2010 06/15/2010 06/15/2010 06/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 06/15/2010 06/15/2010 06/15/2010 06/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 1 1 1 1
<CAPTION>
SCENARIO 5
<S> <C>
------------------------------------------------------------------------------------------------------------------------------
99-16.0 7.74
------------------------------------------------------------------------------------------------------------------------------
99-20.0 7.72
------------------------------------------------------------------------------------------------------------------------------
99-24.0 7.70
------------------------------------------------------------------------------------------------------------------------------
99-28.0 7.68
------------------------------------------------------------------------------------------------------------------------------
100-0.0 7.66
------------------------------------------------------------------------------------------------------------------------------
100-4.0 7.64
------------------------------------------------------------------------------------------------------------------------------
100-8.0 7.62
------------------------------------------------------------------------------------------------------------------------------
100-12.0 7.60
------------------------------------------------------------------------------------------------------------------------------
100-16.0 7.58
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.57
------------------------------------------------------------------------------------------------------------------------------
100-24.0 7.55
------------------------------------------------------------------------------------------------------------------------------
100-28.0 7.53
------------------------------------------------------------------------------------------------------------------------------
101-0.0 7.51
------------------------------------------------------------------------------------------------------------------------------
101-4.0 7.49
------------------------------------------------------------------------------------------------------------------------------
101-8.0 7.47
------------------------------------------------------------------------------------------------------------------------------
101-12.0 7.45
------------------------------------------------------------------------------------------------------------------------------
101-16.0 7.43
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.54
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.56
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 05/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 05/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 1
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 09/28/00
<S> <C> <C> <C> <C>
------------------------------------------------------------ ------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
------------------------------
Initial Balance is as of October 1st, 2000 1/4 6.230
Prepay Rates are a Constant % of CPR 1/2 6.280
100% of All Prepayment Premiums are assumed to be collected 1 6.090
Prepayment Premiums are allocated to one or more classes 2 6.000
of the offered certificates as described under "Description
of the Certificates-Distributions-Distributions of
Prepayment Premiums" in the Prospectus Supplement.
No Extensions on any Mortgage Loan 5 5.880
No Delinquencies on any Mortgage Loan 10 5.820
No Defaults on any Mortgage Loan 30 5.880
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 39
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
PRICE/YIELD TABLE - CLASS E
<TABLE>
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-2 Initial Balance: 8,897,968
Settlement Date: 10/30/2000 Initial Pass-Through Rate: 7.6820%
Accrual Start Date: 10/01/2000
First Pay Date: 11/15/2000
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3
<S> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 0.00% 25.00% 50.00%
<CAPTION>
PREPAYMENT (CPR) SCENARIO 4 SCENARIO 5
<S> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
99-16.0 7.84 7.84 7.84 7.84
------------------------------------------------------------------------------------------------------------------------------
99-20.0 7.82 7.82 7.82 7.82
------------------------------------------------------------------------------------------------------------------------------
99-24.0 7.80 7.80 7.80 7.80
------------------------------------------------------------------------------------------------------------------------------
99-28.0 7.78 7.78 7.78 7.78
------------------------------------------------------------------------------------------------------------------------------
100-0.0 7.76 7.76 7.76 7.76
------------------------------------------------------------------------------------------------------------------------------
100-4.0 7.74 7.74 7.74 7.74
------------------------------------------------------------------------------------------------------------------------------
100-8.0 7.72 7.72 7.72 7.72
------------------------------------------------------------------------------------------------------------------------------
100-12.0 7.70 7.70 7.70 7.70
------------------------------------------------------------------------------------------------------------------------------
100-16.0 7.69 7.69 7.69 7.69
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.67 7.67 7.67 7.67
------------------------------------------------------------------------------------------------------------------------------
100-24.0 7.65 7.65 7.65 7.65
------------------------------------------------------------------------------------------------------------------------------
100-28.0 7.63 7.63 7.63 7.63
------------------------------------------------------------------------------------------------------------------------------
101-0.0 7.61 7.61 7.61 7.61
------------------------------------------------------------------------------------------------------------------------------
101-4.0 7.59 7.59 7.59 7.59
------------------------------------------------------------------------------------------------------------------------------
101-8.0 7.57 7.57 7.57 7.57
------------------------------------------------------------------------------------------------------------------------------
101-12.0 7.55 7.55 7.55 7.55
------------------------------------------------------------------------------------------------------------------------------
101-16.0 7.54 7.54 7.54 7.54
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.63 9.63 9.63 9.63
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.57 6.57 6.57 6.57
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 06/15/2010 06/15/2010 06/15/2010 06/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 06/15/2010 06/15/2010 06/15/2010 06/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 1 1 1 1
<CAPTION>
SCENARIO 5
<S> <C>
------------------------------------------------------------------------------------------------------------------------------
99-16.0 7.84
------------------------------------------------------------------------------------------------------------------------------
99-20.0 7.82
------------------------------------------------------------------------------------------------------------------------------
99-24.0 7.80
------------------------------------------------------------------------------------------------------------------------------
99-28.0 7.78
------------------------------------------------------------------------------------------------------------------------------
100-0.0 7.76
------------------------------------------------------------------------------------------------------------------------------
100-4.0 7.74
------------------------------------------------------------------------------------------------------------------------------
100-8.0 7.72
------------------------------------------------------------------------------------------------------------------------------
100-12.0 7.70
------------------------------------------------------------------------------------------------------------------------------
100-16.0 7.68
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.67
------------------------------------------------------------------------------------------------------------------------------
100-24.0 7.65
------------------------------------------------------------------------------------------------------------------------------
100-28.0 7.63
------------------------------------------------------------------------------------------------------------------------------
101-0.0 7.61
------------------------------------------------------------------------------------------------------------------------------
101-4.0 7.59
------------------------------------------------------------------------------------------------------------------------------
101-8.0 7.57
------------------------------------------------------------------------------------------------------------------------------
101-12.0 7.55
------------------------------------------------------------------------------------------------------------------------------
101-16.0 7.53
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.54
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.53
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 05/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 05/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 1
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 09/28/00
<S> <C> <C> <C> <C>
------------------------------------------------------------ ------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
------------------------------
Initial Balance is as of October 1st, 2000 1/4 6.230
Prepay Rates are a Constant % of CPR 1/2 6.280
100% of All Prepayment Premiums are assumed to be collected 1 6.090
Prepayment Premiums are allocated to one or more classes 2 6.000
of the offered certificates as described under "Description
of the Certificates-Distributions-Distributions of Prepayment
Premiums" in the Prospectus
No Extensions on any Mortgage Loan 5 5.880
No Delinquencies on any Mortgage Loan 10 5.820
No Defaults on any Mortgage Loan 30 5.880
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 40
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
PRICE/YIELD TABLE - CLASS F
<TABLE>
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-2 Initial Balance: 11,122,461
Settlement Date: 10/30/2000 Initial Pass-Through Rate: 7.9880%
Accrual Start Date: 10/01/2000
First Pay Date: 11/15/2000
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3
<S> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 0.00% 25.00% 50.00%
<CAPTION>
PREPAYMENT (CPR) SCENARIO 4 SCENARIO 5
<S> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
99-0.0 8.23 8.23 8.23 8.23
------------------------------------------------------------------------------------------------------------------------------
99-4.0 8.21 8.21 8.21 8.21
------------------------------------------------------------------------------------------------------------------------------
99-8.0 8.19 8.19 8.19 8.19
------------------------------------------------------------------------------------------------------------------------------
99-12.0 8.17 8.17 8.17 8.17
------------------------------------------------------------------------------------------------------------------------------
99-16.0 8.15 8.15 8.15 8.15
------------------------------------------------------------------------------------------------------------------------------
99-20.0 8.13 8.13 8.13 8.13
------------------------------------------------------------------------------------------------------------------------------
99-24.0 8.11 8.11 8.11 8.11
------------------------------------------------------------------------------------------------------------------------------
99-28.0 8.09 8.09 8.09 8.09
------------------------------------------------------------------------------------------------------------------------------
100-0.0 8.07 8.07 8.07 8.07
------------------------------------------------------------------------------------------------------------------------------
100-4.0 8.06 8.06 8.06 8.06
------------------------------------------------------------------------------------------------------------------------------
100-8.0 8.04 8.04 8.04 8.04
------------------------------------------------------------------------------------------------------------------------------
100-12.0 8.02 8.02 8.02 8.02
------------------------------------------------------------------------------------------------------------------------------
100-16.0 8.00 8.00 8.00 8.00
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.98 7.98 7.98 7.98
------------------------------------------------------------------------------------------------------------------------------
100-24.0 7.96 7.96 7.96 7.96
------------------------------------------------------------------------------------------------------------------------------
100-28.0 7.94 7.94 7.94 7.94
------------------------------------------------------------------------------------------------------------------------------
101-0.0 7.92 7.92 7.92 7.92
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.66 9.64 9.63 9.63
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.48 6.48 6.47 6.47
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 06/15/2010 06/15/2010 06/15/2010 06/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 07/15/2010 07/15/2010 06/15/2010 06/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 2 2 1 1
<CAPTION>
SCENARIO 5
<S> <C>
------------------------------------------------------------------------------------------------------------------------------
99-0.0 8.23
------------------------------------------------------------------------------------------------------------------------------
99-4.0 8.21
------------------------------------------------------------------------------------------------------------------------------
99-8.0 8.19
------------------------------------------------------------------------------------------------------------------------------
99-12.0 8.17
------------------------------------------------------------------------------------------------------------------------------
99-16.0 8.15
------------------------------------------------------------------------------------------------------------------------------
99-20.0 8.13
------------------------------------------------------------------------------------------------------------------------------
99-24.0 8.11
------------------------------------------------------------------------------------------------------------------------------
99-28.0 8.09
------------------------------------------------------------------------------------------------------------------------------
100-0.0 8.07
------------------------------------------------------------------------------------------------------------------------------
100-4.0 8.05
------------------------------------------------------------------------------------------------------------------------------
100-8.0 8.04
------------------------------------------------------------------------------------------------------------------------------
100-12.0 8.02
------------------------------------------------------------------------------------------------------------------------------
100-16.0 8.00
------------------------------------------------------------------------------------------------------------------------------
100-20.0 7.98
------------------------------------------------------------------------------------------------------------------------------
100-24.0 7.96
------------------------------------------------------------------------------------------------------------------------------
100-28.0 7.94
------------------------------------------------------------------------------------------------------------------------------
101-0.0 7.92
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.54
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.43
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 05/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 05/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 1
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 09/28/00
<S> <C> <C> <C> <C>
------------------------------------------------------------ ------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
------------------------------
Initial Balance is as of October 1st, 2000 1/4 6.230
Prepay Rates are a Constant % of CPR 1/2 6.280
100% of All Prepayment Premiums are assumed to be collected 1 6.090
Prepayment Premiums are allocated to one or more classes 2 6.000
of the offered certificates as described under "Description 5 5.880
of the Certificates-Distributions-Distributions of Prepayment 10 5.820
Premiums" in the Prospectus Supplement. 30 5.880
No Extensions on any Mortgage Loan
No Delinquencies on any Mortgage Loan
No Defaults on any Mortgage Loan
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 41
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
PRICE/YIELD TABLE - CLASS G
<TABLE>
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-2 Initial Balance: 17,795,937
Settlement Date: 10/30/2000 Initial Pass-Through Rate: 8.2299%
Accrual Start Date: 10/01/2000
First Pay Date: 11/15/2000
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3
<S> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 0.00% 25.00% 50.00%
<CAPTION>
PREPAYMENT (CPR) SCENARIO 4 SCENARIO 5
<S> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
99-0.0 8.33 8.33 8.33 8.33
------------------------------------------------------------------------------------------------------------------------------
99-4.0 8.31 8.31 8.31 8.31
------------------------------------------------------------------------------------------------------------------------------
99-8.0 8.29 8.29 8.29 8.29
------------------------------------------------------------------------------------------------------------------------------
99-12.0 8.27 8.27 8.27 8.27
------------------------------------------------------------------------------------------------------------------------------
99-16.0 8.25 8.25 8.25 8.25
------------------------------------------------------------------------------------------------------------------------------
99-20.0 8.23 8.23 8.23 8.23
------------------------------------------------------------------------------------------------------------------------------
99-24.0 8.21 8.21 8.21 8.21
------------------------------------------------------------------------------------------------------------------------------
99-28.0 8.19 8.19 8.19 8.19
------------------------------------------------------------------------------------------------------------------------------
100-0.0 8.17 8.17 8.17 8.17
------------------------------------------------------------------------------------------------------------------------------
100-4.0 8.15 8.15 8.15 8.16
------------------------------------------------------------------------------------------------------------------------------
100-8.0 8.14 8.14 8.14 8.14
------------------------------------------------------------------------------------------------------------------------------
100-12.0 8.12 8.12 8.12 8.12
------------------------------------------------------------------------------------------------------------------------------
100-16.0 8.10 8.10 8.10 8.10
------------------------------------------------------------------------------------------------------------------------------
100-20.0 8.08 8.08 8.08 8.08
------------------------------------------------------------------------------------------------------------------------------
100-24.0 8.06 8.06 8.06 8.06
------------------------------------------------------------------------------------------------------------------------------
100-28.0 8.04 8.04 8.04 8.04
------------------------------------------------------------------------------------------------------------------------------
101-0.0 8.02 8.02 8.02 8.02
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.71 9.71 9.71 9.69
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.48 6.48 6.48 6.47
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 07/15/2010 07/15/2010 06/15/2010 06/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 07/15/2010 07/15/2010 07/15/2010 07/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 1 1 2 2
<CAPTION>
SCENARIO 5
<S> <C>
------------------------------------------------------------------------------------------------------------------------------
99-0.0 8.33
------------------------------------------------------------------------------------------------------------------------------
99-4.0 8.31
------------------------------------------------------------------------------------------------------------------------------
99-8.0 8.29
------------------------------------------------------------------------------------------------------------------------------
99-12.0 8.27
------------------------------------------------------------------------------------------------------------------------------
99-16.0 8.25
------------------------------------------------------------------------------------------------------------------------------
99-20.0 8.23
------------------------------------------------------------------------------------------------------------------------------
99-24.0 8.21
------------------------------------------------------------------------------------------------------------------------------
99-28.0 8.19
------------------------------------------------------------------------------------------------------------------------------
100-0.0 8.18
------------------------------------------------------------------------------------------------------------------------------
100-4.0 8.16
------------------------------------------------------------------------------------------------------------------------------
100-8.0 8.14
------------------------------------------------------------------------------------------------------------------------------
100-12.0 8.12
------------------------------------------------------------------------------------------------------------------------------
100-16.0 8.10
------------------------------------------------------------------------------------------------------------------------------
100-20.0 8.08
------------------------------------------------------------------------------------------------------------------------------
100-24.0 8.06
------------------------------------------------------------------------------------------------------------------------------
100-28.0 8.04
------------------------------------------------------------------------------------------------------------------------------
101-0.0 8.02
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.61
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.43
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 05/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 06/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 2
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 09/28/00
<S> <C> <C> <C> <C>
------------------------------------------------------------ ------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
------------------------------
Initial Balance is as of October 1st, 2000 1/4 6.230
Prepay Rates are a Constant % of CPR 1/2 6.280
100% of All Prepayment Premiums are assumed to be collected 1 6.090
Prepayment Premiums are allocated to one or more classes 2 6.000
of the offered certificates as described under "Description
of the Certificates-Distributions-Distributions of Prepayment
Premiums"in the Prospectus Supplement.
No Extensions on any Mortgage Loan 5 5.880
No Delinquencies on any Mortgage Loan 10 5.820
No Defaults on any Mortgage Loan 30 5.880
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 42
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
PRICE/YIELD TABLE - CLASS H
<TABLE>
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-2 Initial Balance: 11,122,460
Settlement Date: 10/30/2000 Initial Pass-Through Rate: 8.2999%
Accrual Start Date: 10/01/2000
First Pay Date: 11/15/2000
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3
<S> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 0.00% 25.00% 50.00%
<CAPTION>
PREPAYMENT (CPR) SCENARIO 4 SCENARIO 5
<S> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
97-16.0 8.64 8.64 8.64 8.64
------------------------------------------------------------------------------------------------------------------------------
97-20.0 8.62 8.62 8.62 8.62
------------------------------------------------------------------------------------------------------------------------------
97-24.0 8.60 8.60 8.60 8.60
------------------------------------------------------------------------------------------------------------------------------
97-28.0 8.58 8.58 8.58 8.58
------------------------------------------------------------------------------------------------------------------------------
98-0.0 8.56 8.56 8.56 8.56
------------------------------------------------------------------------------------------------------------------------------
98-4.0 8.54 8.54 8.54 8.54
------------------------------------------------------------------------------------------------------------------------------
98-8.0 8.52 8.52 8.52 8.52
------------------------------------------------------------------------------------------------------------------------------
98-12.0 8.50 8.50 8.50 8.50
------------------------------------------------------------------------------------------------------------------------------
98-16.0 8.48 8.48 8.48 8.48
------------------------------------------------------------------------------------------------------------------------------
98-20.0 8.46 8.46 8.46 8.46
------------------------------------------------------------------------------------------------------------------------------
98-24.0 8.44 8.44 8.44 8.44
------------------------------------------------------------------------------------------------------------------------------
98-28.0 8.42 8.42 8.42 8.42
------------------------------------------------------------------------------------------------------------------------------
99-0.0 8.40 8.40 8.40 8.40
------------------------------------------------------------------------------------------------------------------------------
99-4.0 8.38 8.38 8.38 8.38
------------------------------------------------------------------------------------------------------------------------------
99-8.0 8.36 8.36 8.36 8.36
------------------------------------------------------------------------------------------------------------------------------
99-12.0 8.34 8.34 8.34 8.34
------------------------------------------------------------------------------------------------------------------------------
99-16.0 8.32 8.32 8.32 8.32
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.71 9.71 9.71 9.71
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.42 6.42 6.42 6.42
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 07/15/2010 07/15/2010 07/15/2010 07/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 07/15/2010 07/15/2010 07/15/2010 07/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 1 1 1 1
<CAPTION>
SCENARIO 5
<S> <C>
------------------------------------------------------------------------------------------------------------------------------
97-16.0 8.64
------------------------------------------------------------------------------------------------------------------------------
97-20.0 8.62
------------------------------------------------------------------------------------------------------------------------------
97-24.0 8.60
------------------------------------------------------------------------------------------------------------------------------
97-28.0 8.58
------------------------------------------------------------------------------------------------------------------------------
98-0.0 8.56
------------------------------------------------------------------------------------------------------------------------------
98-4.0 8.54
------------------------------------------------------------------------------------------------------------------------------
98-8.0 8.52
------------------------------------------------------------------------------------------------------------------------------
98-12.0 8.50
------------------------------------------------------------------------------------------------------------------------------
98-16.0 8.48
------------------------------------------------------------------------------------------------------------------------------
98-20.0 8.46
------------------------------------------------------------------------------------------------------------------------------
98-24.0 8.44
------------------------------------------------------------------------------------------------------------------------------
98-28.0 8.42
------------------------------------------------------------------------------------------------------------------------------
99-0.0 8.40
------------------------------------------------------------------------------------------------------------------------------
99-4.0 8.38
------------------------------------------------------------------------------------------------------------------------------
99-8.0 8.36
------------------------------------------------------------------------------------------------------------------------------
99-12.0 8.34
------------------------------------------------------------------------------------------------------------------------------
99-16.0 8.33
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 9.63
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 6.39
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 06/15/2010
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 06/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 1
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 09/28/00
<S> <C> <C> <C> <C>
------------------------------------------------------------ ------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%)
------------------------------
Initial Balance is as of October 1st, 2000 1/4 6.230
Prepay Rates are a Constant % of CPR 1/2 6.280
100% of All Prepayment Premiums are assumed to be collected 1 6.090
Prepayment Premiums are allocated to one or more classes 2 6.000
of the offered certificates as described under "Description
of the Certificates-Distributions-Distributions of Prepayment
Premiums" in the Prospectus Supplement.
No Extensions on any Mortgage Loan 5 5.880
No Delinquencies on any Mortgage Loan 10 5.820
No Defaults on any Mortgage Loan 30 5.880
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
This material is for your private information and Banc of America Securities LLC
and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
for such purposes. The Underwriters and their affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into an effective
registration statement previously filed with the SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
by the information contained in any final prospectus for any securities actually
sold to you. This material is furnished solely by the Underwriters and not by
the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
<PAGE> 43
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-2
CLASS A-1, A-2, B, C, D, E, F, G, H AND X CERTIFICATES
$804,473,831 (APPROXIMATE)
--------------------------------------------------------------------------------
PRICE/YIELD TABLE - CLASS X
<TABLE>
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-2 Initial Balance: 889,004,533
Settlement Date: 10/30/2000 Initial Pass-Through Rate: 1.0024%
Accrual Start Date: 10/01/2000
First Pay Date: 11/15/2000
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3
<S> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 0.00% 25.00% 50.00%
<CAPTION>
PREPAYMENT (CPR) SCENARIO 4 SCENARIO 5
<S> <C> <C>
---------------------------------------------------------------------------------------------------------------------
GROUP
---------------------------------------------------------------------------------------------------------------------
During YM 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------
During Open/Fixed Penalty 75.00% 100.00%
</TABLE>
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
4-23.0 10.30 10.28 10.26 10.22
------------------------------------------------------------------------------------------------------------------------------
4-23.5 10.21 10.19 10.17 10.13
------------------------------------------------------------------------------------------------------------------------------
4-24.0 10.12 10.10 10.08 10.04
------------------------------------------------------------------------------------------------------------------------------
4-24.5 10.03 10.01 9.99 9.95
------------------------------------------------------------------------------------------------------------------------------
4-25.0 9.94 9.92 9.90 9.87
------------------------------------------------------------------------------------------------------------------------------
4-25.5 9.85 9.84 9.81 9.78
------------------------------------------------------------------------------------------------------------------------------
4-26.0 9.77 9.75 9.72 9.69
------------------------------------------------------------------------------------------------------------------------------
4-26.5 9.68 9.66 9.64 9.60
------------------------------------------------------------------------------------------------------------------------------
4-27.0 9.59 9.57 9.55 9.51
------------------------------------------------------------------------------------------------------------------------------
4-27.5 9.51 9.49 9.46 9.43
------------------------------------------------------------------------------------------------------------------------------
4-28.0 9.42 9.40 9.38 9.34
------------------------------------------------------------------------------------------------------------------------------
4-28.5 9.33 9.31 9.29 9.26
------------------------------------------------------------------------------------------------------------------------------
4-29.0 9.25 9.23 9.21 9.17
------------------------------------------------------------------------------------------------------------------------------
4-29.5 9.16 9.14 9.12 9.08
------------------------------------------------------------------------------------------------------------------------------
4-30.0 9.08 9.06 9.04 9.00
------------------------------------------------------------------------------------------------------------------------------
4-30.5 9.00 8.98 8.95 8.92
------------------------------------------------------------------------------------------------------------------------------
4-31.0 8.91 8.89 8.87 8.83
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 8.54 8.53 8.51 8.50
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 3.66 3.65 3.65 3.65
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 11/15/2000 11/15/2000 11/15/2000 11/15/2000
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 09/15/2010 09/15/2010 09/15/2010 09/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 119 119 119 119
<CAPTION>
SCENARIO 5
<S> <C>
------------------------------------------------------------------------------------------------------------------------------
4-23.0 9.97
------------------------------------------------------------------------------------------------------------------------------
4-23.5 9.88
------------------------------------------------------------------------------------------------------------------------------
4-24.0 9.79
------------------------------------------------------------------------------------------------------------------------------
4-24.5 9.70
------------------------------------------------------------------------------------------------------------------------------
4-25.0 9.61
------------------------------------------------------------------------------------------------------------------------------
4-25.5 9.52
------------------------------------------------------------------------------------------------------------------------------
4-26.0 9.43
------------------------------------------------------------------------------------------------------------------------------
4-26.5 9.34
------------------------------------------------------------------------------------------------------------------------------
4-27.0 9.25
------------------------------------------------------------------------------------------------------------------------------
4-27.5 9.17
------------------------------------------------------------------------------------------------------------------------------
4-28.0 9.08
------------------------------------------------------------------------------------------------------------------------------
4-28.5 8.99
------------------------------------------------------------------------------------------------------------------------------
4-29.0 8.91
------------------------------------------------------------------------------------------------------------------------------
4-29.5 8.82
------------------------------------------------------------------------------------------------------------------------------
4-30.0 8.74
------------------------------------------------------------------------------------------------------------------------------
4-30.5 8.65
------------------------------------------------------------------------------------------------------------------------------
4-31.0 8.57
------------------------------------------------------------------------------------------------------------------------------
WAL (YRS) 8.36
------------------------------------------------------------------------------------------------------------------------------
MOD DUR 3.63
------------------------------------------------------------------------------------------------------------------------------
FIRST PRIN DATE 11/15/2000
------------------------------------------------------------------------------------------------------------------------------
FINAL PRIN DATE 08/15/2010
------------------------------------------------------------------------------------------------------------------------------
PRIN WINDOW 118
</TABLE>
<TABLE>
<CAPTION>
ASSUMPTIONS TREASURY CURVE AS OF 09/28/00
<S> <C> <C> <C> <C>
------------------------------------------------------------ ------------------------------
1% Cleanup Call is Exercised TERM (YRS) YIELD (BEY%)
------------------ ------------------------------
Initial Balance is as of October 1st, 2000 1/4 6.230
Prepay Rates are a Constant % of CPR 1/2 6.280
100% of All Prepayment Premiums are assumed to be collected 1 6.090
Prepayment Premiums are allocated to one or more classes 2 6.000
of the offered certificates as described under "Description
of the Certificates-Distributions-Distributions of Prepayment
Premiums" in the Prospectus Supplement.
No Extensions on any Mortgage Loan 5 5.880
No Delinquencies on any Mortgage Loan 10 5.820
No Defaults on any Mortgage Loan 30 5.880
</TABLE>
RATING AGENCIES DO NOT ADDRESS THE LIKELIHOOD OF RECEIPT OF PREPAYMENT PENALTIES
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and HypoVereinsbank Capital Markets (the "Underwriters") are not soliciting any
action based upon it. This material is not to be construed as an offer to sell
or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on
information that the Underwriters consider reliable, but the Underwriters do not
represent that it is accurate or complete and it should not be relied upon as
such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not
sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The
Underwriters make no representation regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide with
actual market conditions or events, and this material should not be relied upon
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Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supersedes all prior information
regarding such assets. Any information in the material, whether regarding the
assets backing any securities discussed herein or otherwise, will be superseded
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the issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
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this material. The Underwriters are acting as underwriters and not acting as
agents for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC HYPOVEREINSBANK CAPITAL MARKETS
