<PAGE> 1
EXHIBIT 99
TERM SHEETS
<PAGE> 2
CMBS NEW ISSUE TERM SHEET
$693,084,792 (APPROXIMATE)
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
(FORMERLY KNOWN AS NATIONSLINK FUNDING CORPORATION)
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
OFFERED CLASSES A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F
AND X CERTIFICATES
BANK OF AMERICA, N.A.
MORTGAGE LOAN SELLER
MIDLAND LOAN SERVICES, INC.
MASTER SERVICER
GMAC COMMERCIAL MORTGAGE CORPORATION
SPECIAL SERVICER
AUGUST 2000
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 3
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASSES A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F X CERTIFICATES
$693,084,792 (APPROXIMATE)
STRUCTURE OVERVIEW
<TABLE>
<CAPTION>
OFFERED CERTIFICATES
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-1A Aaa AAA $153,230,577 19.87% 26.58% 5.50 1 - 98 November 15, 2008 Fixed
A-2A Aaa AAA 299,000,640 38.77% 26.58% 8.79 98 - 109 October 15, 2009 Fixed(2)
A-1B Aaa AAA 55,591,451 7.21% 26.58% 2.00 1 - 46 July 15, 2004 Fixed
A-2B Aaa AAA 38,390,866 4.98% 26.58% 5.50 46 - 85 October 15, 2007 Fixed(2)
A-3B Aaa AAA 19,967,220 2.59% 26.58% 7.66 85 - 109 October 15, 2009 Fixed(2)
X Aaa AAA 771,179,585 -- -- 7.56(5) 1 - 159(5) December 15, 2013 VAR (IO)(3)
B Aa2 AA 40,999,766 5.32% 21.27% 9.05 109 - 109 October 15, 2009 Fixed(2)
C A2 A 35,142,657 4.56% 16.71% 9.07 109 - 110 November 15, 2009 Fixed(2)
D A3 A- 11,714,219 1.52% 15.19% 9.13 110 - 110 November 15, 2009 WAC(4)
E Baa2 BBB 27,333,177 3.54% 11.65% 9.13 110 - 110 November 15, 2009 WAC
F Baa3 BBB- 11,714,219 1.52% 10.13% 9.13 110 - 110 November 15, 2009 WAC
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
============================================================================================================================
NON-OFFERED CERTIFICATES
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>
G Ba1 BB+ $ 11,714,219 1.52% 8.61% 9.13 110 - 110 November 15, 2009 Fixed
H Ba2 BB 19,523,698 2.53% 6.08% 9.13 110 - 110 November 15, 2009 Fixed
K Ba3 BB- 3,904,740 0.51% 5.57% 9.13 110 - 110 November 15, 2009 Fixed
L B2 NR 15,618,958 2.03% 3.54% 10.14 110 - 137 February 15, 2012 Fixed
M B3 NR 7,809,479 1.01% 2.53% 11.38 137 - 137 February 15, 2012 Fixed
----------------------------------------------------------------------------------------------------------------------------
N NR NR 19,523,699 2.53% 0.00% 13.50 137 - 211 April 15, 2018 Fixed
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) As of the Commencement Date, the Average Life, Principal Window and Assumed
Final Distribution Date were calculated assuming no prepayments on the
Mortgage Loans, except that 6% CPR was assumed in the case of Group B after
the expiration of the applicable Lock-Out Period, if any.
(2) Capped at the Weighted Average Net Mortgage Rate.
(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 0.08% per annum.
(5) As of the Commencement Date, the Average Life, Principal Window and Assumed
Final Distribution Date were calculated assuming no prepayments on Group A
through Lock-Out and Yield Maintenance, and 100% CPR thereafter. In the
case of Group B, 6% CPR was assumed after the expiration of the applicable
Lock-Out Period, if any, through 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 (the "Underwriter") is 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 Underwriter considers reliable, but the Underwriter
does 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 Underwriter makes 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 Underwriter and
its 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 Underwriter 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 Underwriter is acting as underwriter and not acting as
agent for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 4
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASSES A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F X CERTIFICATES
$693,084,792 (APPROXIMATE)
STRUCTURE SCHEMATIC
<TABLE>
<CAPTION>
GROUP A GROUP B
LOANS LOANS
---------------- -------------
A-1B (AAA)
A-1A (AAA) -------------
---------------- A-2B (AAA)(1)
A-2A (AAA)(1) -------------
A-3B (AAA)(1)
-----------------------------------
<S> <C> <C>
X B (AA) (1)
-----------------------------------
(AAA) C (A) (1)
-----------------------------------
D (A-) (2)
-----------------------------------
E (BBB)(3)
-----------------------------------
NOTIONAL(4) F (BBB-)(3)
-----------------------------------
G (BB+)
-----------------------------------
H (BB)
-----------------------------------
K (BB-)
-----------------------------------
L (B)
-----------------------------------
M (B-)
-----------------------------------
N (UR)
-----------------------------------
</TABLE>
[ ] OFFERED CERTIFICATES
[ ] NON-OFFERED CERTIFICATES
1) The Pass-Through Rate for any Class A-2A, Class A-2B, Class A-3B, Class B
and Class C Certificate on any Distribution Date will not exceed the
weighted average of the interest rates (net of the fee rates payable to the
Master Servicer, the Special Servicer and the Trustee) borne by the
mortgage loans. See "Description of the Certificates - Pass-Through Rates"
in the Prospectus Supplement.
2) The Pass Through Rate for Class D is equal to the Weighted Average Net
Mortgage Rate (net of the fee rates payable to the Master Servicer, the
Special Servicer and the Trustee) minus 0.08% per annum.
3) The Pass-Through Rates for the Class E and Class F Certificates are equal
to the weighted average of the interest rates (net of the fee rates payable
to the Master Servicer, the Special Servicer and the Trustee) borne by the
mortgage loans.
4) The Pass-Through Rate for the Class X Certificate for any Distribution Date
is variable and will, in general, equal the excess, if any, of (a) the
weighted average of the interest rates (net of the fee rates payable to the
Master Servicer, the Special Servicer and the Trustee) borne by the
mortgage loans, over (b) the weighted average of the Pass-Through Rates for
the Class A-1A, Class A-2A, Class A-1B, Class A-2B, Class A-3B, Class B,
Class C, Class D, Class E, Class F, Class G, Class H, Class K, Class L,
Class M and Class N Certificates for such Distribution Date. See
"Description of the Certificate - Pass-Through Rates" in the Prospectus
Supplement.
This material is for your private information and Banc of America
Securities LLC (the "Underwriter") is 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 Underwriter considers reliable, but the Underwriter
does 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 Underwriter makes 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 Underwriter and
its 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 Underwriter 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 Underwriter is acting as underwriter and not acting as
agent for the issuer in connection with the proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 5
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASSES A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F X CERTIFICATES
$693,084,792 (APPROXIMATE)
TRANSACTION TERMS
NOTE: CAPITALIZED TERMS USED BUT NOT OTHERWISE DEFINED HEREIN HAVE THE
MEANINGS ASCRIBED TO THEM IN THE PRELIMINARY PROSPECTUS SUPPLEMENT
DATED AUGUST 2000.
<TABLE>
<S> <C>
ISSUE TYPE Sequential pay REMIC. Class A-1A, A-2A, A-1B, A-2B, A-3B, X, B, C, D, E and F
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,
August 1, 2000.
COMMENCEMENT DATE All Certificate characteristics are as of the Commencement Date, September 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 111 Conduit Mortgage Loans and 48 Portfolio
Mortgage Loans (together, the "Mortgage Loans") with an aggregate balance as of
the Cut-off Date of $771,922,444 (the "Initial Pool Balance"), subject to a variance of
plus or minus 5%. The Mortgage Loans are secured by 178 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 SELLER Bank of America, N.A., the entity resulting from the recent merger of Bank of
America, N.A. (formerly known as NationsBank, N.A.) and Bank of America NT&SA.
The Mortgage Pool will include two groups of Mortgage Loans; a group originated
prior to the merger by Bank of America NT&SA (the "Portfolio Mortgage Loans") and
a group originated by the former NationsBank, N.A., Bank of America, N.A. or its
conduit participants (the "Conduit Mortgage Loans").
LOAN GROUPS The Mortgage Pool has been divided into Group A and Group B. Group A will
contain both Conduit and Portfolio Mortgage Loans while Group B will contain only
Portfolio Mortgage Loans. Please see the following tables for characteristics of the
individual loan groups.
UNDERWRITER Banc of America Securities LLC.
TRUSTEE Wells Fargo Bank Minnesota, N.A.
MASTER SERVICER Midland Loan Services, Inc.
SPECIAL SERVICER GMAC Commercial Mortgage Corporation.
RATING AGENCIES Moody's and Standard & Poor's.
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 September [ ], 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 October 2000.
INTEREST DISTRIBUTIONS Interest will be distributed on each Distribution Date in sequential order of class
designations with Classes A-1A, A-2A, A-1B, A-2B, A-3B and X ranking pari passu in
entitlement to interest.
</TABLE>
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 6
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASSES A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F X CERTIFICATES
$693,084,792 (APPROXIMATE)
TRANSACTION TERMS
<TABLE>
<S> <C>
PRINCIPAL DISTRIBUTIONS Principal available, to the extent from Group A, will be allocated sequentially on each
Distribution Date to A-1A, A-2A, A-1B, A-2B and A-3B. Principal available, to the
extent from Group B, will be allocated sequentially on each Distribution Date to A-1B,
A-2B, A-3B, A-1A and A-2A. Remaining principal available for distribution will be
allocated sequentially on each Distribution Date to B, C, D, E, F, G, H, K, L, M and N.
If the Certificate Balances of the Class B through N Certificates are reduced to zero,
payments of principal to the Class A-1A, A-2A, A-1B, A-2B and A-3B Certificates will
be made pro rata, regardless of loan Group.
LOSSES To be applied first to each Class of Sequential Pay Certificates (other than the Class
A Certificates) in reverse alphabetical order of designation, until reduced to zero;
then pro rata to Class A-1A, A-2A, A-1B, A-2B and A-3B, until reduced to zero.
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.
See "Prepayment Premium Allocation" and the example provided herein.
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 or Mortgage Loan
becomes REO or the Special Servicer materially modifies a Mortgage Loan, 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 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 lowest principal payment priority with at least 2% of the initial Class principal balance
outstanding), subject to rating agency constraints.
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
Chris Hentemann (u) Bill Hale (u) Geordie Walker
(704) 388-1597 (u) (704) 388-9677 (Fax)
</TABLE>
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 7
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
==============================================================
GENERAL CHARACTERISTICS
--------------------------------------------------------------
<S> <C>
Initial Pool Balance $771,922,444
Number of Mortgage Loans 159
Number of Mortgaged Properties 178
Average Cut-off Date Balance $ 4,854,858
Weighted Average Mortgage Rate 7.892%
Weighted Average Remaining Term to Maturity 102 months
Weighted Average Underwriting DSCR 1.43x
Weighted Average Cut-off Date LTV Ratio 66.2%
Weighted Average Remaining Lock-out Period 83 months
--------------------------------------------------------------
</TABLE>
[MAP]
Other States: 21.4% of Initial Pool Balance (Alaska: 1.0%)
<TABLE>
<CAPTION>
===============================================================
LOAN BALANCE PER SF / UNIT / ROOM / BED / PAD
<S> <C>
Retail Balance Per Square Foot 60.92
Multifamily Balance Per Unit 28,715.00
Office Balance Per Square Foot 89.12
Hotel Balance Per Room 51,810.05
Health Care Balance Per Bed 68,360.15
Industrial Balance Per Square Foot 42.49
Mobile Home Balance Per Pad 13,162.42
Special Purpose Balance Per Square Foot 70.09
Mini Storage Balance Per Square Foot 25.76
</TABLE>
[CHART]
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 8
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
==================================================================================================================================
PROPERTY LOCATION - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGED MORTGAGED CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
STATE/COUNTY PROPERTIES PROPERTIES BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
CA 46 25.8% $184,857,856 23.9% 1.45x 62.1% 7.843%
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Los Angeles County 13 7.3 46,925,182 6.1 1.49 61.3 7.633
San Bernardino County 1 0.6 21,895,906 2.8 1.30 74.9 8.430
San Diego County 6 3.4 19,279,060 2.5 1.24 74.1 8.068
San Mateo County 2 1.1 19,249,419 2.5 2.02 50.4 7.420
Merced County 2 1.1 9,865,066 1.3 1.26 66.4 7.028
Marin County 2 1.1 9,426,242 1.2 1.21 75.2 7.467
Orange County 4 2.2 9,417,281 1.2 1.56 47.6 8.072
Contra Costa County 2 1.1 7,837,121 1.0 1.58 48.1 7.829
Alameda County 3 1.7 7,043,570 0.9 1.43 55.5 8.599
Sonoma County 2 1.1 6,625,699 0.9 1.51 63.4 7.620
Other Counties 9 5.1 27,293,310 3.5 1.34 57.1 8.079
TX 23 12.9 90,120,768 11.7 1.50 63.0 8.166
WA 16 9.0 60,340,829 7.8 1.77 55.6 7.606
NV 7 3.9 55,067,535 7.1 1.33 72.3 7.753
AZ 11 6.2 48,345,756 6.3 1.32 74.4 7.979
FL 4 2.2 41,702,241 5.4 1.33 71.5 7.943
SC 7 3.9 34,677,882 4.5 1.25 71.1 7.928
NC 6 3.4 32,020,565 4.1 1.34 74.4 7.586
NJ 3 1.7 30,278,306 3.9 1.43 60.1 8.129
----------------------------------------------------------------------------------------------------------------------------------
OR 8 4.5 29,600,408 3.8 1.50 65.6 8.207
Others 47 26.4 164,910,298 21.4 1.38 69.3 7.860
----------------------------------------------------------------------------------------------------------------------------------
178 100.0% $771,922,444 100.0% 1.43x 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value. (u) (The Mortgaged Properties are located throughout 29 states.)
* THE MORTGAGED PROPERTIES ARE LOCATED THROUGHOUT 29 STATES.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 9
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
==================================================================================================================================
PROPERTY TYPE - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE MIN/MAX AVERAGE MIN/MAX AVERAGE
MORTGAGED MORTGAGED CUT-OFF DATE INITIAL POOL UNDERWRITING UNDERWRITING CUT-OFF DATE CUT-OFF DATE MORTGAGE
PROPERTY TYPE PROPERTIES PROPERTIES BALANCE BALANCE DSCR (1) DSCR (1) LTV RATIO (2) LTV RATIO (2) RATE
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Retail 57 32.0% $265,632,751 34.4% 1.36x 1.10 / 2.13x 66.0% 32.1 / 79.5% 8.013%
Multifamily 59 33.1 $205,168,694 26.6 1.28 1.11 / 1.65 73.0 49.7 / 86.3 7.723
Office 20 11.2 $96,778,240 12.5 1.31 1.11 / 1.60 66.9 27.0 / 78.7 7.928
Hotel 14 7.9 $89,735,004 11.6 2.15 1.30 / 2.49 49.9 35.9 / 69.4 7.615
Health Care 6 3.4 $45,049,342 5.8 1.46 1.33 / 1.65 71.9 62.3 / 74.4 8.053
Industrial 9 5.1 $30,028,451 3.9 1.21 1.10 / 2.11 69.6 42.5 / 79.1 8.371
Mobile Home 5 2.8 $15,492,168 2.0 1.65 1.20 / 2.69 51.9 28.0 / 68.7 7.882
Special Purpose 2 1.1 $13,545,370 1.8 1.38 1.38 / 1.38 64.6 62.7 / 67.1 7.696
Mini Storage 6 3.4 $10,492,425 1.4 1.34 1.30 / 1.62 60.7 46.3 / 67.7 8.358
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 178 100.0% $771,922,444 100.0% 1.43X 1.10 / 2.69X 66.2% 27.0 / 86.3% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
<TABLE>
<CAPTION>
=========================================================================================================================
CUT-OFF DATE BALANCE - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
CUT-OFF DATE BALANCE LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
$456,316 - $999,999 8 5.0% $6,613,501 0.9% 1.28x 68.3% 8.146%
$1,000,000 - $1,999,999 33 20.8 51,357,116 6.7 1.42 61.7 8.096
$2,000,000 - $2,999,999 45 28.3 111,340,142 14.4 1.38 64.7 7.909
$3,000,000 - $3,999,999 20 12.6 69,653,188 9.0 1.33 63.1 8.121
$4,000,000 - $4,999,999 10 6.3 44,548,854 5.8 1.40 66.4 7.821
$5,000,000 - $7,499,999 17 10.7 100,753,434 13.1 1.30 68.6 7.623
$7,500,000 - $9,999,999 8 5.0 66,666,978 8.6 1.38 66.6 7.900
$10,000,000 - $14,999,999 9 5.7 103,232,868 13.4 1.36 71.8 8.170
$15,000,000 - $19,999,999 5 3.1 88,034,231 11.4 1.27 73.5 7.677
$20,000,000 - $29,999,999 3 1.9 71,722,131 9.3 1.32 71.2 8.340
$30,000,000 - $58,000,000 1 0.6 58,000,000 7.5 2.49 44.2 7.160
-------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
- THE AVERAGE CUT-OFF DATE BALANCE IS $4,854,858.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 10
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
=========================================================================================================================
MORTGAGE RATE - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
MORTGAGE RATE LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
6.770% - 6.999% 5 3.1% $ 28,524,513 3.7% 1.30x 69.8% 6.856%
7.000% - 7.249% 16 10.1 139,577,718 18.1 1.80 62.0 7.141
-------------------------------------------------------------------------------------------------------------------------
7.250% - 7.499% 14 8.8 43,220,843 5.6 1.32 69.9 7.331
7.500% - 7.749% 17 10.7 65,351,309 8.5 1.37 67.4 7.626
7.750% - 7.999% 31 19.5 154,313,241 20.0 1.39 66.2 7.886
8.000% - 8.499% 49 30.8 226,753,679 29.4 1.29 67.5 8.192
8.500% - 8.999% 18 11.3 93,234,055 12.1 1.43 67.1 8.722
9.000% - 9.499% 6 3.8 14,065,633 1.8 1.41 57.8 9.240
9.500% - 9.750% 3 1.9 6,881,454 0.9 1.24 62.0 9.650
-------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual Debt
Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
*THE WEIGHTED AVERAGE MORTGAGE RATE IS 7.892%.
<TABLE>
<CAPTION>
=========================================================================================================================
UNDERWRITING DEBT SERVICE COVERAGE RATIO - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
DEBT SERVICE COVERAGE RATIO LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1.10x - 1.19x 14 8.8% $ 52,081,133 6.7% 1.13x 69.7% 8.055%
1.20x - 1.24x 18 11.3 86,476,834 11.2 1.21 76.0 8.061
1.25x - 1.29x 41 25.8 200,625,234 26.0 1.26 70.7 7.804
1.30x - 1.34x 27 17.0 129,943,821 16.8 1.31 70.8 7.763
1.35x - 1.39x 17 10.7 59,638,496 7.7 1.37 65.8 7.745
1.40x - 1.49x 15 9.4 94,242,357 12.2 1.43 64.2 8.374
1.50x - 1.59x 7 4.4 18,719,801 2.4 1.56 56.5 8.271
1.60x - 1.69x 9 5.7 34,124,256 4.4 1.64 60.1 8.137
1.70x - 1.79x 1 0.6 6,059,309 0.8 1.70 56.9 7.550
1.80x - 1.89x 2 1.3 15,491,967 2.0 1.84 50.0 8.103
1.90x - 1.99x 3 1.9 7,196,804 0.9 1.93 49.5 7.730
2.00x - 2.69x 5 3.1 67,322,433 8.7 2.45 43.9 7.281
-------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
*THE WEIGHTED AVERAGE UNDERWRITING DEBT SERVICE COVERAGE RATIO IS 1.43X.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 11
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
=========================================================================================================================
ASSUMED DEBT SERVICE COVERAGE RATIO - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL ASSUMED CUT-OFF DATE MORTGAGE
DEBT SERVICE COVERAGE RATIO LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1.15x - 1.19x 2 1.3% $11,476,093 1.5% 1.17x 78.7% 7.307%
1.20x - 1.24x 15 9.4 92,346,315 12.0 1.22 75.9 7.384
1.25x - 1.29x 17 10.7 88,511,327 11.5 1.26 76.7 7.671
1.30x - 1.34x 21 13.2 114,432,660 14.8 1.32 72.1 7.817
1.35x - 1.39x 23 14.5 90,713,882 11.8 1.37 68.9 8.014
1.40x - 1.49x 23 14.5 90,240,185 11.7 1.44 67.0 8.096
1.50x - 1.59x 7 4.4 19,779,274 2.6 1.53 60.6 7.857
1.60x - 1.69x 14 8.8 84,507,113 10.9 1.64 63.9 8.428
1.70x - 1.79x 5 3.1 18,668,468 2.4 1.76 67.3 8.454
-------------------------------------------------------------------------------------------------------------------------
1.80x - 1.89x 7 4.4 19,450,997 2.5 1.83 51.9 8.272
1.90x - 1.99x 6 3.8 31,920,890 4.1 1.93 58.5 8.191
2.00x - 2.99x 17 10.7 106,227,916 13.8 2.46 47.0 7.708
3.00x - 5.13x 2 1.3 3,647,325 0.5 4.73 33.1 7.760
-------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.58X 66.2% 7.892%
</TABLE>
(1) Assumed DSCR is the ratio of the Underwriting Cash Flow to a Debt Service
payment based on an 8.5% constant.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
* THE WEIGHTED AVERAGE ASSUMED DEBT SERVICE COVERAGE RATIO IS 1.58X.
<TABLE>
<CAPTION>
=========================================================================================================================
CUT-OFF DATE LOAN-TO-VALUE RATIO - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
CUT-OFF DATE LTV RATION LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
27.0% - 29.9% 2 1.3% $ 3,895,890 0.5% 1.91x 27.4% 7.505%
30.0% - 49.9% 17 10.7 103,514,433 13.4 2.09 44.8 7.560
50.0% - 59.9% 29 18.2 111,954,815 14.5 1.49 54.9 8.111
60.0% - 64.9% 14 8.8 60,998,451 7.9 1.33 62.6 8.095
65.0 % - 69.9% 24 15.1 98,999,136 12.8 1.35 68.2 8.249
70.0% - 74.9% 44 27.7 197,931,083 25.6 1.30 72.5 7.931
75.0% - 79.9% 26 16.4 178,607,337 23.1 1.24 78.1 7.659
80.0% - 86.3% 3 1.9 16,021,300 2.1 1.22 82.9 7.731
-------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
* THE WEIGHTED AVERAGE CUT-OFF DATE LTV RATIO IS 66.2%.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 12
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
MATURITY DATE LOAN-TO-VALUE RATIO - ALL LOANS
--------------------------------------------------------------------------------------------------------------------------------
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING MATURITY DATE MORTGAGE
MATURITY DATE LTV RATIO LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
0.0% - 24.9% 10 6.3% $ 25,886,504 3.4% 1.59x 7.4% 8.149%
25.0% - 49.9% 35 22.0 179,788,815 23.3 1.81 41.2 7.716
50.0% - 59.9% 38 23.9 174,264,882 22.6 1.36 56.8 8.141
60.0% - 64.9% 31 19.5 132,122,710 17.1 1.31 62.8 7.907
65.0 % - 69.9% 32 20.1 172,406,354 22.3 1.27 67.8 7.924
70.0% - 74.9% 12 7.5 84,821,459 11.0 1.25 71.0 7.601
75.0% - 76.7% 1 0.6 2,631,720 0.3 1.22 76.7 7.310
--------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 56.6% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual Debt
Service.
(2) Maturity Date LTV means the Maturity Date Balance divided by the Appraisal
Value.
*THE WEIGHTED AVERAGE MATURITY DATE LTV RATIO IS 56.6%.
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
ORIGINAL TERM TO MATURITY - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING MATURITY DATE MORTGAGE
ORIGINAL TERM TO MATURITY LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
60 - 83 months 6 3.8% $ 17,768,189 2.3% 1.53x 58.5% 8.214%
84 - 99 months 3 1.9 15,758,385 2.0 1.37 59.3 7.638
100 - 119 months 4 2.5 20,366,498 2.6 1.33 66.7 7.775
120 months 125 78.6 635,258,869 82.3 1.43 67.4 7.883
121 - 179 months 7 4.4 35,393,219 4.6 1.55 63.0 8.020
180 months 11 6.9 35,280,915 4.6 1.41 59.1 8.019
181-223 months 3 1.9 12,096,368 1.6 1.51 52.8 7.637
---------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual Debt
Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
*THE WEIGHTED AVERAGE ORIGINAL TERM TO MATURITY IS 123 MONTHS.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOG0]
<PAGE> 13
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
ORIGINAL AMORTIZATION TERM - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING MATURITY DATE MORTGAGE
ORIGINAL AMORTIZATION TERM LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
120 - 179 months 1 0.6% $ 2,213,015 0.3% 1.32x 27.0% 7.280%
180 months 9 5.7% 22,448,225 2.9% 1.45 48.3 8.667%
181 - 239 months 3 1.9% 8,166,628 1.1% 1.35 47.2 8.088%
240 months 12 7.5% 32,280,927 4.2% 1.41 56.7 8.049%
241 - 299 months 3 1.9% 66,068,925 8.6% 2.37 46.4 7.309%
300 months 51 32.1% 222,868,397 28.9% 1.39 66.8 8.122%
301 - 359 months 2 1.3% 7,943,536 1.0% 1.26 64.7 7.320%
360 months 78 49.1% 409,932,793 53.1% 1.31 71.4 7.816%
--------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual Debt
Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
*THE WEIGHTED AVERAGE ORIGINAL AMORTIZATION TERM IS 322 MONTHS.
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING MATURITY DATE MORTGAGE
REMAINING TERM TO MATURITY LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
2 - 19 months 7 4.4% $ 19,981,204 2.6% 1.51x 55.0% 8.111%
20 - 39 months 3 1.9 9,405,411 1.2 1.36 50.3 7.988
40 - 59 months 6 3.8 20,780,282 2.7 1.36 59.5 8.559
--------------------------------------------------------------------------------------------------------------------------------
60 - 79 months 13 8.2 40,446,055 5.2 1.25 63.9 7.872
80 - 99 months 28 17.6 105,036,011 13.6 1.31 69.1 7.584
100 - 109 months 64 40.3 290,293,079 37.6 1.31 70.0 7.832
110 - 119 months 25 15.7 229,649,188 29.8 1.65 64.8 8.049
120 - 139 months 4 2.5 27,024,477 3.5 1.65 53.6 8.060
140 - 159 months 5 3.1 14,874,282 1.9 1.53 55.4 7.756
160 - 212 months 4 2.5 14,432,455 1.9 1.40 66.9 7.383
--------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual Debt
Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
*THE WEIGHTED AVERAGE REMAINING TERM TO MATURITY IS 102 MONTHS.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 14
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
REMAINING STATED AMORTIZATION TERMS - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
REMAINING STATED MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING MATURITY DATE MORTGAGE
AMORTIZATION TERM LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
41 - 149 months 8 5.0% $ 23,370,039 3.0% 1.37x 45.9% 8.544%
150 - 174 months 8 5.0 16,854,411 2.2 1.43 49.7 8.151
175 - 199 months 5 3.1 11,618,852 1.5 1.29 60.4 8.384
200 - 224 months 3 1.9 14,343,785 1.9 1.63 52.8 7.607
225 - 249 months 11 6.9 28,873,357 3.7 1.46 62.0 8.197
250 - 274 months 13 8.2 109,227,458 14.2 1.95 53.7 7.607
275 - 299 months 31 19.5 149,758,213 19.4 1.39 68.7 8.136
300 - 324 months 5 3.1 22,615,633 2.9 1.19 73.7 8.208
--------------------------------------------------------------------------------------------------------------------------------
325 - 349 months 58 36.5 266,307,042 34.5 1.30 70.8 7.661
350 - 351 months 17 10.7 128,953,653 16.7 1.36 71.8 8.037
--------------------------------------------------------------------------------------------------------------------------------
159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual Debt
Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
*THE WEIGHTED AVERAGE REMAINING STATED AMORTIZATION TERM IS 302 MONTHS
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
SEASONING - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING MATURITY DATE MORTGAGE
SEASONING LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
9 - 12 months 58 36.5% $441,881,546 57.2% 1.50x 66.7% 7.948%
--------------------------------------------------------------------------------------------------------------------------------
13 - 24 months 50 31.4% 168,826,476 21.9% 1.35 69.0 7.462
25 - 36 months 15 9.4% 51,272,095 6.6% 1.31 70.7 8.105
37 - 48 months 11 6.9% 40,321,533 5.2% 1.30 60.3 8.176
49 - 60 months 10 6.3% 27,520,538 3.6% 1.32 63.6 7.972
61 - 72 months 6 3.8% 18,895,814 2.4% 1.43 59.0 8.872
73 - 85 months 9 5.7% 23,204,442 3.0% 1.40 46.5 8.086
--------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual Debt
Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
*THE WEIGHTED AVERAGE LOAN AGE IS 20 MONTHS.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 15
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT PROVISIONS SUMMARY - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING MATURITY DATE MORTGAGE
PREPAYMENT PROVISIONS LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Lockout/Open(3) 101 63.5% $587,885,877 76.2% 1.46x 67.3% 7.829%
Yield Maintenance 44 27.7 131,611,279 17.0 1.36 59.1 8.132
Lockout/Yield Maintenance/Open 9 5.7 31,016,164 4.0 1.25 74.9 7.886
------------------------------------------------------------------------------------------------------------------------------------
Yield Maintenance/Open 2 1.3 12,476,693 1.6 1.35 69.9 8.122
Open/Yield Maintenance(4) 2 1.3 6,735,218 0.9 1.29 59.3 8.473
Lockout/Yield Maint./Decl. Penalty/Open 1 0.6 2,197,213 0.3 1.36 73.2 7.290
------------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual Debt
Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
(3) These loans are subject to a Defeasance option.
(4) These loans are past their initial Open period.
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
YEAR OF ORIGINATION - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING MATURITY DATE MORTGAGE
YEAR LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1993 7 4.4% $ 20,343,366 2.6% 1.36x 45.8% 8.035%
1994 5 3.1 12,363,364 1.6 1.62 55.2 8.846
1995 8 5.0 25,922,416 3.4 1.33 63.1 8.169
1996 13 8.2 39,849,023 5.2 1.27 60.7 8.107
1997 12 7.5 50,270,585 6.5 1.32 68.6 8.262
1998 30 18.9 109,838,736 14.2 1.35 68.2 7.365
1999 84 52.8 513,334,954 66.5 1.48 67.2 7.909
------------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual Debt
Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 16
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
YEAR OF MATURITY - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING MATURITY DATE MORTGAGE
YEAR LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
2000 1 0.6% $ 2,769,936 0.4% 1.56x 52.8% 7.755%
2001 5 3.1 14,998,253 1.9 1.52 59.6 8.299
2002 1 0.6 2,213,015 0.3 1.32 27.0 7.280
------------------------------------------------------------------------------------------------------------------------------------
2003 4 2.5 13,112,051 1.7 1.33 51.2 8.034
2004 4 2.5 14,415,334 1.9 1.42 59.6 8.482
2005 2 1.3 8,496,537 1.1 1.33 67.3 7.887
2006 9 5.7 21,198,605 2.7 1.22 63.3 8.107
2007 12 7.5 43,922,816 5.7 1.29 67.4 8.015
2008 23 14.5 81,392,904 10.5 1.33 68.7 7.391
2009 85 53.5 513,071,779 66.5 1.46 67.7 7.932
2010 1 0.6 5,043,966 0.7 1.14 72.1 8.000
2011 1 0.6 5,070,756 0.7 1.35 44.4 8.355
2012 3 1.9 18,671,344 2.4 1.86 51.1 8.085
2013 4 2.5 13,112,694 1.7 1.53 55.5 7.589
2014 3 1.9 10,039,875 1.3 1.44 66.9 7.247
2018 1 0.6 4,392,581 0.6 1.30 67.1 7.694
------------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual Debt
Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
MORTGAGE LOAN ORIGINATOR/SUB-SERVICER - ALL LOANS
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING MATURITY DATE MORTGAGE
ORIGINATOR/SUB-SERVICER LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Bank of America 133 83.6% $634,484,837 82.2% 1.46x 65.0% 7.941%
Berkshire Mortgage 5 3.1% 33,812,436 4.4% 1.32 73.3 7.960
ARCS Commercial 5 3.1% 29,136,693 3.8% 1.37 62.6 7.740
Washington Mortgage 3 1.9% 20,159,575 2.6% 1.24 76.4 8.012
First Security Bank 1 0.6% 18,873,500 2.4% 1.26 79.3 7.100
Patrician Financial 8 5.0% 18,395,949 2.4% 1.30 67.0 7.692
L.J. Melody Co. 4 2.5% 17,059,454 2.2% 1.21 75.2 7.126
------------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 159 100.0% $771,922,444 100.0% 1.43X 66.2% 7.892%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual Debt
Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the Appraisal
Value.
(3) Bank of America includes loans originated by both NationsBank, N.A. and Bank
of America NT&SA.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 17
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
================================================================================
PROPERTY LOCATION - GROUP A
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGED MORTGAGED CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
STATE/COUNTY PROPERTIES PROPERTIES BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CA 29 20.4% $132,762,643 20.2% 1.48x 66.1% 7.649%
Los Angeles County 9 6.3 35,770,869 5.4 1.56 65.6 7.275
San Bernardino County 1 0.7 21,895,906 3.3 1.30 74.9 8.430
San Diego County 5 3.5 17,844,749 2.7 1.17 76.6 8.034
San Mateo County 1 0.7 11,666,286 1.8 2.49 44.2 7.160
Marin County 2 1.4 9,426,242 1.4 1.21 75.2 7.467
Contra Costa County 2 1.4 7,837,121 1.2 1.58 48.1 7.829
Merced County 1 0.7 6,891,386 1.0 1.33 71.8 6.770
Sonoma County 2 1.4 6,625,699 1.0 1.51 63.4 7.620
Santa Barbara County 2 1.4 4,532,703 0.7 1.37 68.2 7.053
Stanislaus County 2 1.4 4,402,854 0.7 1.22 66.4 8.216
Other Counties 2 1.4 5,868,826 0.9 1.40 52.1 7.968
TX 23 16.2 90,120,768 13.7 1.50 63.0 8.166
------------------------------------------------------------------------------------------------------------------------------------
NV 6 4.2 47,360,393 7.2 1.32 73.8 7.693
AZ 9 6.3 43,866,520 6.7 1.28 76.1 7.952
WA 9 6.3 43,652,056 6.6 1.98 53.2 7.390
FL 4 2.8 41,702,241 6.3 1.33 71.5 7.943
SC 7 4.9 34,677,882 5.3 1.25 71.1 7.928
NC 6 4.2 32,020,565 4.9 1.34 74.4 7.586
NJ 3 2.1 30,278,306 4.6 1.43 60.1 8.129
IL 5 3.5 27,589,480 4.2 1.49 71.7 8.674
Others 41 28.9 133,640,500 20.3 1.38 68.8 7.705
------------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 142 100.0% $657,671,353 100.0% 1.44X 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value. (The Mortgaged Properties are located throughout 27
states.)
* THE MORTGAGED PROPERTIES ARE LOCATED THROUGHOUT 27 STATES.
================================================================================
PROPERTY TYPE - GROUP A
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE MIN/MAX AVERAGE MIN/MAX AVERAGE
MORTGAGED MORTGAGED CUT-OFF DATE INITIAL POOL UNDERWRITING UNDERWRITING CUT-OFF DATE CUT-OFF DATE MORTGAGE
PROPERTY TYPE PROPERTIES PROPERTIES BALANCE BALANCE DSCR (1) DSCR (1) LTV RATIO (2) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Retail 42 29.6% $223,802,343 34.0% 1.35x 1.20 / 2.13x 68.1% 32.1 / 79.5% 7.909%
------------------------------------------------------------------------------------------------------------------------------------
Multifamily 59 41.5 $205,168,694 31.2 1.28 1.11 / 1.65 73.0 49.7 / 86.3 7.723
Hotel 12 8.5 $ 84,542,055 12.9 2.19 1.40 / 2.49 50.3 44.2 / 69.4 7.570
Office 14 9.9 $ 76,338,879 11.6 1.32 1.12 / 1.60 68.7 45.8 / 78.7 7.993
Health Care 5 3.5 $ 35,434,521 5.4 1.47 1.33 / 1.65 72.6 62.3 / 74.4 7.999
Industrial 3 2.1 $ 14,613,422 2.2 1.13 1.10 / 1.30 78.3 73.6 / 79.1 8.103
Mobile Home 3 2.1 $ 11,523,774 1.8 1.68 1.30 / 2.69 50.2 28.0 / 63.8 7.996
------------------------------------------------------------------------------------------------------------------------------------
Mini Storage 4 2.8 $ 6,247,666 0.9 1.36 1.30 / 1.62 65.8 57.5 / 67.7 8.427
------------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 142 100.0% $657,671,353 100.0% 1.44X 1.10 / 2.69X 67.6% 28.0 / 86.3% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 18
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
================================================================================
CUT-OFF DATE BALANCE - GROUP A
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
CUT-OFF DATE BALANCE LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
$ 456,316 - $ 999,999 8 6.5% $ 6,613,501 1.0% 1.28x 68.3% 8.146%
$ 1,000,000 - $ 1,999,999 25 20.3 37,948,522 5.8 1.44 63.3 7.915
------------------------------------------------------------------------------------------------------------------------------------
$ 2,000,000 - $ 2,999,999 30 24.4 73,668,190 11.2 1.35 68.5 7.817
$ 3,000,000 - $ 3,999,999 12 9.8 42,296,725 6.4 1.30 68.1 7.817
$ 4,000,000 - $ 4,999,999 10 8.1 44,548,854 6.8 1.40 66.4 7.821
$ 5,000,000 - $ 7,499,999 15 12.2 89,844,450 13.7 1.29 70.1 7.614
$ 7,500,000 - $ 9,999,999 5 4.1 41,761,882 6.3 1.39 67.9 7.792
$10,000,000 - $14,999,999 9 7.3 103,232,868 15.7 1.36 71.8 8.170
$15,000,000 - $19,999,999 5 4.1 88,034,231 13.4 1.27 73.5 7.677
$20,000,000 - $29,999,999 3 2.4 71,722,131 10.9 1.32 71.2 8.340
$30,000,000 - $58,000,000 1 0.8 58,000,000 8.8 2.49 44.2 7.160
------------------------------------------------------------------------------------------------------------------------------------
TOTAL /WAV 123 100.0% $657,671,353 100.0% 1.44X 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
* THE AVERAGE CUT-OFF DATE BALANCE IS $5,346,922
================================================================================
MORTGAGE RATE - GROUP A
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
MORTGAGE RATE LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
6.770% - 6.999% 5 4.1% $ 28,524,513 4.3% 1.30x 69.8% 6.856%
7.000% - 7.249% 15 12.2 133,739,490 20.3 1.82 61.8 7.142
7.250% - 7.499% 11 8.9 36,074,650 5.5 1.29 73.5 7.332
7.500% - 7.749% 14 11.4 56,175,716 8.5 1.40 68.0 7.631
7.750% - 7.999% 27 22.0 138,814,306 21.1 1.39 66.7 7.896
8.000% - 8.499% 38 30.9 183,594,784 27.9 1.27 70.0 8.190
8.500% - 8.999% 11 8.9 78,655,679 12.0 1.43 69.2 8.744
9.000% - 9.499% 1 0.8 977,367 0.1 1.25 69.3 9.370
9.500% - 9.610% 1 0.8 1,114,849 0.2 1.29 74.3 9.610
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 123 100.0% $657,671,353 100.0% 1.44X 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
* THE WEIGHTED AVERAGE MORTGAGE RATE IS 7.833%.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 19
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
================================================================================
UNDERWRITING DEBT SERVICE COVERAGE RATIO - GROUP A
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
DEBT SERVICE COVERAGE RATIO LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1.10x - 1.19x 5 4.1% $ 29,196,868 4.4% 1.12x 76.5% 7.791%
------------------------------------------------------------------------------------------------------------------------------------
1.20x - 1.24x 15 12.2 78,838,798 12.0 1.21 77.3 7.951
1.25x - 1.29x 40 32.5 197,789,018 30.1 1.26 70.6 7.811
1.30x - 1.34x 22 17.9 114,123,182 17.4 1.31 73.2 7.738
1.35x - 1.39x 11 8.9 33,346,879 5.1 1.36 69.6 7.620
1.40x - 1.49x 11 8.9 76,434,216 11.6 1.43 65.1 8.393
1.50x - 1.59x 4 3.3 10,631,742 1.6 1.55 63.3 8.132
1.60x - 1.69x 8 6.5 30,447,912 4.6 1.64 60.4 8.008
1.70x - 1.79x 1 0.8 6,059,309 0.9 1.70 56.9 7.550
1.80x - 1.89x 1 0.8 12,533,113 1.9 1.84 50.7 7.990
1.90x - 1.99x 1 0.8 2,382,193 0.4 1.97 41.4 8.020
2.00x - 2.69x 4 3.3 65,888,122 10.0 2.46 43.9 7.254
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 123 100.0% $657,671,353 100.0% 1.44X 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
*THE WEIGHTED AVERAGE UNDERWRITING DEBT SERVICE COVERAGE RATIO IS 1.44X.
===============================================================================
ASSUMED DEBT SERVICE COVERAGE RATIO - GROUP A
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL ASSUMED CUT-OFF DATE MORTGAGE
DEBT SERVICE COVERAGE RATIO LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1.15x - 1.19x 2 1.6% $ 11,476,093 1.7% 1.17x 78.7% 7.307%
1.20x - 1.24x 15 12.2 92,346,315 14.0 1.22 75.9 7.384
1.25x - 1.29x 16 13.0 85,649,455 13.0 1.26 76.8 7.670
1.30x - 1.34x 20 16.3 111,329,900 16.9 1.31 72.2 7.794
1.35x - 1.39x 20 16.3 84,471,976 12.8 1.37 68.9 8.028
1.40x - 1.49x 19 15.4 72,734,106 11.1 1.43 68.0 8.173
1.50x - 1.59x 4 3.3 10,203,827 1.6 1.54 55.3 7.867
1.60x - 1.69x 9 7.3 59,948,081 9.1 1.65 64.0 8.481
1.70x - 1.79x 4 3.3 16,505,087 2.5 1.75 68.2 8.449
1.80x - 1.89x 4 3.3 10,264,142 1.6 1.81 57.9 8.239
1.90x - 1.99x 4 3.3 28,412,746 4.3 1.93 59.4 8.195
2.00x - 2.99x 6 4.9 74,329,625 11.3 2.56 44.9 7.303
------------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 123 100.0% $657,671,353 100.0% 1.53X 67.6% 7.833%
</TABLE>
(1) Assumed DSCR is the ratio of the Underwriting Cash Flow to a Debt
Service payment based on an 8.5% constant.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
* THE WEIGHTED AVERAGE ASSUMED DEBT SERVICE COVERAGE RATIO IS 1.53X.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 20
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
CUT-OFF DATE LOAN-TO-VALUE RATIO - GROUP A
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
CUT-OFF DATE LTV RATIO LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
28.0% - 29.9% 1 0.8% $ 1,682,876 0.3% 2.69x 28.0% 7.800%
30.0% - 49.9% 8 6.5 78,422,141 11.9 2.27 44.8 7.345
50.0% - 59.9% 18 14.6 84,906,488 12.9 1.51 54.6 7.906
60.0% - 64.9% 7 5.7 32,793,314 5.0 1.36 63.1 8.151
65.0% - 69.9% 19 15.4 75,913,586 11.5 1.35 68.2 8.286
70.0% - 74.9% 41 33.3 189,324,311 28.8 1.31 72.5 7.938
75.0% - 79.9% 26 21.1 178,607,337 27.2 1.24 78.1 7.659
80.0% - 86.3% 3 2.4 16,021,300 2.4 1.22 82.9 7.731
-------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 123 100.0% $657,671,353 100.0% 1.44x 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
*THE WEIGHTED AVERAGE CUT-OFF DATE LTV RATIO IS 67.6%
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
MATURITY DATE LOAN-TO-VALUE RATIO - GROUP A
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL ASSUMED CUT-OFF DATE MORTGAGE
MATURITY DATE LTV RATIO LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
16.8% - 24.9% 3 2.4% $ 7,802,050 1.2% 1.99x 19.6% 7.452%
---------------------------------------------------------------------------------------------------------------
25.0% - 49.9% 23 18.7 149,523,400 22.7 1.89 40.9 7.630
50.0% - 59.9% 24 19.5 119,696,414 18.2 1.35 57.2 8.065
60.0% - 64.9% 28 22.8 120,789,957 18.4 1.31 63.0 7.922
65.0% - 69.9% 32 26.0 172,406,354 26.2 1.27 67.8 7.924
70.0% - 74.9% 12 9.8 84,821,459 12.9 1.25 71.0 7.601
75.0% - 76.7% 1 0.8 2,631,720 0.4 1.22 76.7 7.310
---------------------------------------------------------------------------------------------------------------
TOTAL/WAV 123 100.0% $657,671,353 100.0% 1.44x 58.8% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Maturity Date LTV means the Maturity Date Balance divided by the
Appraisal Value.
*THE WEIGHTED AVERAGE MATURITY DATE LTV RATIO IS 58.8%
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANK OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 21
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
================================================================================
ORIGINAL TERM TO MATURITY - GROUP A
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
ORIGINAL TERM TO MATURITY LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
60 - 83 months 3 2.4% $ 9,395,635 1.4% 1.53x 60.3% 7.660%
100 - 119 months 4 3.3 20,366,498 3.1 1.33 66.7 7.775
120 months 104 84.6 570,625,289 86.8 1.43 68.1 7.840
121 - 179 months 5 4.1 29,191,305 4.4 1.61 61.9 8.112
180 months 5 4.1 19,409,475 3.0 1.38 67.6 7.534
------------------------------------------------------------------------------------------------------------------------------------
181-223 months 2 1.6 8,683,150 1.3 1.47 59.5 7.396
------------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 123 100.0% $657,671,353 100.0% 1.44X 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
* THE WEIGHTED AVERAGE ORIGINAL TERM TO MATURITY IS 123 MONTHS.
================================================================================
ORIGINAL AMORTIZATION TERM - GROUP A
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
ORIGINAL AMORTIZATION TERM LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
180 months 2 1.6% $ 3,181,608 0.5% 1.81x 39.4% 8.129%
240 months 5 4.1 16,972,132 2.6 1.51 55.8 7.795
241 - 299 months 2 1.6 62,392,581 9.5 2.41 45.8 7.198
300 months 34 27.6 157,248,703 23.9 1.38 68.2 8.152
301 - 359 months 2 1.6 7,943,536 1.2 1.26 64.7 7.320
------------------------------------------------------------------------------------------------------------------------------------
360 months 78 63.4 409,932,793 62.3 1.31 71.4 7.816
------------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 123 100.0% $657,671,353 100.0% 1.44X 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
* THE WEIGHTED AVERAGE ORIGINAL AMORTIZATION TERM IS 333 MONTHS.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 22
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY - GROUP A
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
REMAINING TERM TO MATURITY LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
2 - 19 months 3 2.4% $ 9,395,635 1.4% 1.53x 60.3% 7.660%
40 - 59 months 1 0.8 3,706,640 0.6 1.25 53.6 8.150
60 - 79 months 6 4.9 15,794,138 2.4 1.21 65.6 8.007
80 - 99 months 18 14.6 70,469,861 10.7 1.28 71.9 7.282
100 - 109 months 62 50.4 286,761,806 43.6 1.30 70.3 7.832
110 - 119 months 24 19.5 226,540,891 34.4 1.65 65.0 8.025
120 - 139 months 3 2.4 21,953,722 3.3 1.72 55.7 7.992
140 - 159 months 2 1.6 8,616,205 1.3 1.58 57.9 7.375
160 - 212 months 4 3.3 14,432,455 2.2 1.40 66.9 7.383
-----------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 123 100.0% $657,671,353 100.0% 1.44x 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
*THE WEIGHTED AVERAGE REMAINING TERM TO MATURITY IS 107 MONTHS.
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
REMAINING STATED AMORTIZATION TERMS - GROUP A
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
REMAINING STATED MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
AMORTIZATION TERM LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
160 - 174 months 3 2.4% 6,888,249 1.0% 1.51x 47.0% 8.140%
200 - 224 months 2 1.6 10,349,879 1.6 1.68 54.7 7.359
225 - 249 months 6 4.9 14,609,584 2.2 1.43 61.3 7.998
250 - 274 months 4 3.3 68,986,164 10.5 2.29 47.4 7.258
275 - 299 months 28 22.8 138,961,150 21.1 1.39 69.0 8.199
300 - 324 months 5 4.1 22,615,633 3.4 1.19 73.7 8.208
325 - 349 months 58 47.2 266,307,042 40.5 1.30 70.8 7.661
350 - 351 months 17 13.8 128,953,653 19.6 1.36 71.8 8.037
-----------------------------------------------------------------------------------------------------------------------
123 100.0% $657,671,353 100.0% 1.44x 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
*THE WEIGHTED AVERAGE REMAINING STATED AMORTIZATION TERM IS 317 MONTHS.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 23
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
SEASONING - GROUP A
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
SEASONING LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
9 - 12 58 47.2% $441,881,546 67.2% 1.50x 66.7% 7.948%
13 - 24 47 38.2 158,809,907 24.1 1.34 69.6 7.469
25 - 36 7 5.7 23,039,521 3.5 1.24 76.3 7.997
37 - 48 4 3.3 10,617,035 1.6 1.20 66.3 7.956
49 - 60 6 4.9 19,616,705 3.0 1.35 64.3 7.866
----------------------------------------------------------------------------------------------------------------
73 - 80 1 0.8 3,706,640 0.6 1.25 53.6 8.150
----------------------------------------------------------------------------------------------------------------
TOTAL / WAV 123 100.0% $657,671,353 100.0% 1.44x 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
*THE WEIGHTED AVERAGE LOAN AGE IS 15 MONTHS.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT PROVISIONS SUMMARY - GROUP A
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
PREPAYMENT PROVISIONS LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Lockout/Open(3) 101 82.1% $587,885,877 89.4% 1.46x 67.3% 7.829%
Yield Maintenance 12 9.8 36,572,099 5.6 1.29 65.4 7.881
Lockout/Yield Maintenance/Open 9 7.3 31,016,164 4.7 1.25 74.9 7.886
Lockout/Yield Maint./Decl.
Penalty/Open 1 0.8 2,197,213 0.3 1.36 73.2 7.290
----------------------------------------------------------------------------------------------------------------------------------
123 100.0% $657,671,353 100.0% 1.44x 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
(3) These loans are subject to a Defeasance option.
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------
YEAR OF ORIGINATION - GROUP A
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
YEAR LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1993 1 0.8% $ 3,706,640 0.6% 1.25x 53.6% 8.150%
1995 4 3.3 14,439,601 2.2 1.39 64.4 7.779
1996 6 4.9 15,794,138 2.4 1.21 65.6 8.007
1997 4 3.3 18,759,519 2.9 1.23 75.9 8.146
1998 24 19.5 91,636,501 13.9 1.33 69.4 7.309
1999 84 68.3 513,334,954 78.1 1.48 67.2 7.909
-------------------------------------------------------------------------------------------------------------
TOTAL/WAV 123 100.0% $657,671,353 100.0% 1.44X 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 24
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
YEAR OF MATURITY - GROUP A
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
YEAR LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
2000 1 0.8% $ 2,769,936 0.4% 1.56x 52.8% 7.755%
2001 2 1.6 $ 6,625,699 1.0 1.51 63.4 7.620
2003 1 0.8 $ 3,706,640 0.6 1.25 53.6 8.150
2006 5 4.1 13,294,772 2.0 1.21 64.3 8.032
2007 4 3.3 10,589,437 1.6 1.28 73.1 7.847
2008 18 14.6 67,153,314 10.2 1.29 71.8 7.243
2009 83 67.5 508,529,173 77.3 1.46 67.9 7.920
2010 1 0.8 5,043,966 0.8 1.14 72.1 8.000
2012 2 1.6 16,909,756 2.6 1.89 50.8 7.990
2013 2 1.6 8,616,205 1.3 1.58 57.9 7.375
2014 3 2.4 10,039,875 1.5 1.44 66.9 7.247
2018 1 0.8 4,392,581 0.7 1.30 67.1 7.694
---------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 123 100.0% $657,671,353 100.0% 1.44x 67.6% 7.833%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 25
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
PROPERTY LOCATION - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGED MORTGAGED CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
STATE/COUNTY PROPERTIES PROPERTIES BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
CA 17 47.2% $ 52,095,213 45.6% 1.38x 51.7% 8.336%
Los Angeles County 4 11.1 11,154,313 9.8 1.29 47.4 8.780
San Mateo County 1 2.8 7,583,134 6.6 1.30 60.0 7.820
Orange County 3 8.3 7,255,095 6.4 1.53 47.0 8.196
Alameda County 3 8.3 7,043,570 6.2 1.43 55.5 8.599
San Francisco County 1 2.8 5,070,756 4.4 1.35 44.4 8.355
Sacramento County 1 2.8 3,993,906 3.5 1.49 47.8 8.250
Santa Clara County 1 2.8 3,326,721 2.9 1.18 64.0 7.795
Merced County 1 2.8 2,973,679 2.6 1.11 54.1 7.625
San Joaquin County 1 2.8 2,259,730 2.0 1.59 57.4 9.250
San Diego County 1 2.8 1,434,310 1.3 2.11 42.5 8.500
OR 6 16.7 23,565,805 20.6 1.38 68.1 8.399
WA 7 19.4 16,688,773 14.6 1.22 61.7 8.168
NV 1 2.8 7,707,142 6.7 1.38 62.7 8.125
AK 2 5.6 7,617,960 6.7 1.36 64.8 7.462
AZ 2 5.6 4,479,236 3.9 1.74 57.3 8.242
ID 1 2.8 2,096,962 1.8 1.92 46.2 7.375
-------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 36 100.0% $114,251,091 100.0% 1.38x 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
*THE MORTGAGED PROPERTIES ARE LOCATED THROUGHOUT 7 STATES.
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE - GROUP B
WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE MIN/MAX AVERAGE
MORTGAGED MORTGAGED CUT-OFF DATE INITIAL POOL UNDERWRITING UNDERWRITING CUT-OFF DATE
PROPERTY TYPE PROPERTIES PROPERTIES BALANCE BALANCE DSCR (1) DSCR (1) LTV RATIO (2)
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Retail 15 41.7% $ 41,830,408 36.6% 1.44x 1.10/1.91x 54.2%
Office 6 16.7 $ 20,439,361 17.9 1.27 1.11/1.39 60.1
Industrial 6 16.7 $ 15,415,029 13.5 1.29 1.11/2.11 61.4
Special Purpose 2 5.6 $ 13,545,370 11.9 1.38 1.38/1.38 64.6
Health Care 1 2.8 $ 9,614,821 8.4 1.41 1.41/1.41 69.2
Hotel 2 5.6 $ 5,192,949 4.5 1.49 1.30/1.59 43.3
Mini Storage 2 5.6 $ 4,244,759 3.7 1.31 1.30/1.31 53.3
Mobile Home 2 5.6 $ 3,968,394 3.5 1.58 1.20/1.92 56.8
-------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 36 100.0% $114,251,091 100.0% 1.38x 1.10/2.11x 58.3%
<CAPTION>
---------------------------------------------------
PROPERTY TYPE - GROUP B
WEIGHTED
MIN/MAX AVERAGE
CUT-OFF DATE MORTGAGE
PROPERTY TYPE LTV RATIO (2) RATE
---------------------------------------------------
<S> <C> <C>
Retail 44.4/67.7% 8.568%
Office 27.0/74.9 7.685
Industrial 42.5/70.9 8.625
Special Purpose 62.7/67.1 7.696
Health Care 69.2/69.2 8.250
Hotel 35.9/57.4 8.353
Mini Storage 46.3/60.1 8.255
Mobile Home 46.2/68.7 7.552
--------------------------------------------------
TOTAL/WAV 27.0/74.9% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 26
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
CUT-OFF DATE BALANCE - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
CUT-OFF DATE BALANCE LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
$1,426,765 - $1,999,999 8 22.2% $ 13,408,595 11.7% 1.35x 57.2% 8.608%
$2,000,000 - $2,999,999 15 41.7 37,671,952 33.0 1.42 57.3 8.089
$3,000,000 - $3,999,999 8 22.2 27,356,464 23.9 1.36 55.3 8.590
$5,000,000 - $7,499,999 2 5.6 10,908,984 9.5 1.37 56.5 7.699
$7,500,000 - $9,614,821 3 8.3 24,905,096 21.8 1.37 64.4 8.080
------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 36 100.0% $114,251,091 100.0% 1.38x 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
*THE AVERAGE CUT-OFF DATE BALANCE IS $3,173,641
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
MORTGAGE RATE LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
7.130% - 7.249% 1 2.8% $ 5,838,229 5.1% 1.38x 67.1% 7.130%
7.250% - 7.499% 3 8.3 7,146,193 6.3 1.47 51.7 7.324
7.500% - 7.749% 3 8.3 9,175,593 8.0 1.22 63.6 7.600
7.750% - 7.999% 4 11.1 15,498,935 13.6 1.37 61.8 7.794
8.000% - 8.499% 11 30.6 43,158,895 37.8 1.40 56.9 8.202
8.500% - 8.999% 7 19.4 14,578,376 12.8 1.41 55.8 8.602
9.000% - 9.499% 5 13.9 13,088,266 11.5 1.43 56.9 9.230
9.500% - 9.750% 2 5.6 5,766,604 5.0 1.24 59.6 9.658
---------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 36 100.0% $114,251,091 100.0% 1.38x 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
*THE WEIGHTED AVERAGE MORTGAGE RATE IS 8.231%
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 27
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
UNDERWRITING DEBT SERVICE COVERAGE RATIO - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
DEBT SERVICE COVERAGE RATIO LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1.10x - 1.19x 9 25.0% $ 22,884,265 20.0% 1.14x 61.0% 8.392%
1.20x - 1.24x 3 8.3 7,638,036 6.7 1.23 61.8 9.190
1.25x - 1.29x 1 2.8 2,836,216 2.5 1.25 74.9 7.320
1.30x - 1.34x 5 13.9 15,820,639 13.8 1.30 53.3 7.943
1.35x - 1.39x 6 16.7 26,291,617 23.0 1.37 61.2 7.903
1.40x - 1.49x 4 11.1 17,808,141 15.6 1.44 60.3 8.290
---------------------------------------------------------------------------------------------------------------------------------
1.50x - 1.59x 3 8.3 8,088,059 7.1 1.58 47.6 8.455
1.60x - 1.69x 1 2.8 3,676,344 3.2 1.64 57.4 9.200
1.80x - 1.89x 1 2.8 2,958,854 2.6 1.83 47.0 8.580
1.90x - 1.99x 2 5.6 4,814,610 4.2 1.91 53.5 7.587
2.00x - 2.11x 1 2.8 1,434,310 1.3 2.11 42.5 8.500
---------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 36 100.0% $114,251,091 100.0% 1.38X 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
- THE WEIGHTED AVERAGE UNDERWRITING DEBT SERVICE COVERAGE RATIO IS 1.38X
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
ASSUMED DEBT SERVICE COVERAGE RATIO - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL ASSUMED CUT-OFF DATE MORTGAGE
DEBT SERVICE COVERAGE RATIO LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1.25x - 1.29x 1 2.8% $ 2,861,872 2.5% 1.25x 72.5% 7.690%
1.30x - 1.34x 1 2.8 3,102,760 2.7 1.33 68.2 8.625
1.35x - 1.39x 3 8.3 6,241,906 5.5 1.37 69.1 7.831
1.40x - 1.49x 4 11.1 17,506,078 15.3 1.46 62.8 7.775
1.50x - 1.59x 3 8.3 9,575,447 8.4 1.52 66.3 7.846
1.60x - 1.69x 5 13.9 24,559,032 21.5 1.62 63.8 8.300
---------------------------------------------------------------------------------------------------------------------------------
1.70x - 1.79x 1 2.8 2,163,381 1.9 1.78 60.1 8.500
1.80x - 1.89x 3 8.3 9,186,855 8.0 1.84 45.3 8.308
1.90x - 1.99x 2 5.6 3,508,143 3.1 1.94 51.8 8.163
2.00x - 2.99x 11 30.6 31,898,291 27.9 2.20 52.0 8.653
3.00x - 5.13x 2 5.6 3,647,325 3.2 4.73 33.1 7.760
---------------------------------------------------------------------------------------------------------------------------------
TOTAL / WAV 36 100.0% $114,251,091 100.0% 1.85X 58.3% 8.231%
</TABLE>
(1) Assumed DSCR is the ratio of the Underwriting Cash Flow to a Debt
Service payment based on an 8.5% constant.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
- THE WEIGHTED AVERAGE ASSUMED DEBT SERVICE COVERAGE RATIO IS 1.85X
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 28
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
CUT-OFF DATE LOAN-TO-VALUE RATIO - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
CUT-OFF DATE LTV RATIO LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
27.0 - 29.9% 1 2.8% $ 2,213,015 1.9% 1.32x 27.0% 7.280%
30.0% - 49.9% 9 25.0 25,092,292 22.0 1.54 45.1 8.230
50.0% - 59.9% 11 30.6 27,048,327 23.7 1.42 56.1 8.754
60.0% - 64.9% 7 19.4 28,205,136 24.7 1.30 62.0 8.030
65.0% - 69.9% 5 13.9 23,085,550 20.2 1.32 68.3 8.126
---------------------------------------------------------------------------------------------------------------------------------
70.0% - 74.9% 3 8.3 8,606,772 7.5 1.25 72.8 7.774
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 36 100.0% $114,251,091 100.0% 1.38X 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
- THE WEIGHTED AVERAGE CUT-OFF DATE LTV RATIO IS 58.3%
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
MATURITY DATE LOAN-TO-VALUE RATIO - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
CUT-OFF DATE LTV RATIO LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
0.00% - 24.9% 7 19.4% $ 18,084,455 15.8% 1.42x 2.1% 8.449%
25.0% - 49.9% 12 33.3 30,265,415 26.5 1.41 42.6 8.144
50.0% - 59.9% 14 38.9 54,568,468 47.8 1.37 56.0 8.308
60.0% - 61.3% 3 8.3 11,332,753 9.9 1.31 60.6 7.745
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 36 100.0% $114,251,091 100.0% 1.38X 44.4% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Maturity Date LTV means the Maturity Date Balance divided by the
Appraisal Value.
- THE WEIGHTED AVERAGE MATURITY DATE LTV RATIO IS 44.4%
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL TERM TO MATURITY - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
CUT-OFF DATE LTV RATIO LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
60 - 83 months 3 8.3% $ 8,372,554 7.3% 1.53x 56.6% 8.836%
84 - 99 months 3 8.3 15,758,385 13.8 1.37 59.3 7.638
120 months 21 58.3 64,633,580 56.6 1.35 60.8 8.264
121 - 179 months 2 5.6 6,201,914 5.4 1.27 68.2 7.588
180 months 6 16.7 15,871,440 13.9 1.44 48.8 8.612
---------------------------------------------------------------------------------------------------------------------------------
181 months 1 2.8 3,413,218 3.0 1.59 35.9 8.250
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 36 100.0% $114,251,091 100.0% 1.38X 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
- THE WEIGHTED AVERAGE ORIGINAL TERM TO MATURITY IS 123 MONTHS.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 29
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL AMORTIZATION TERM GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
ORIGINAL AMORTIZATION TERM LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
120 - 179 months 1 2.8% $ 2,213,015 1.9% 1.32x 27.0% 7.280%
180 months 7 19.4 19,266,617 16.9 1.39 49.7% 8.756%
181 - 239 months 3 8.3 8,166,628 7.1 1.35 47.2% 8.088%
240 months 7 19.4 15,308,794 13.4 1.30 57.8% 8.330%
241 - 299 months 1 2.8 3,676,344 3.2 1.64 57.4% 9.200%
---------------------------------------------------------------------------------------------------------------------------------
300 months 17 47.2 65,619,693 57.4 1.39 63.4% 8.049%
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 36 100.0% $114,251,091 100.0% 1.38X 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
* THE WEIGHTED AVERAGE ORIGINAL AMORTIZATION TERM IS 262 MONTHS.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL AMORTIZATION TERM GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
ORIGINAL AMORTIZATION TERM LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
11 - 19 months 4 11.1% $ 10,585,568 9.3% 1.49x 50.4% 8.511%
20 - 39 months 3 8.3 9,405,411 8.2 1.36 50.3 7.988
40 - 59 months 5 13.9 17,073,642 14.9 1.39 60.8 8.648
60 - 79 months 7 19.4 24,651,917 21.6 1.28 62.8 7.786
80 - 99 months 10 27.8 34,566,150 30.3 1.37 63.5 8.199
100 - 109 months 2 5.6 3,531,273 3.1 2.00 44.7 7.832
110 - 119 months 1 2.8 3,108,296 2.7 1.24 52.7 9.750
120 - 139 months 1 2.8 5,070,756 4.4 1.35 44.4 8.355
140 - 156 months 3 8.3 6,258,078 5.5 1.45 51.9 8.281
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 36 100.0% $114,251,091 100.0% 1.38X 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
* THE WEIGHTED AVERAGE REMAINING TERM TO MATURITY IS 73 MONTHS.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 30
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
REMAINING STATED AMORTIZATION TERMS - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
REMAINING STATED MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
AMORTIZATION TERM LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
41 - 149 8 22.2% $ 23,370,039 20.5% 1.37x 45.9% 8.544%
150 - 174 5 13.9 9,966,163 8.7 1.38 51.6 8.158
175 - 199 5 13.9 11,618,852 10.2 1.29 60.4 8.384
200 - 224 1 2.8 3,993,906 3.5 1.49 47.8 8.250
225 - 249 5 13.9 14,263,774 12.5 1.50 62.8 8.401
250 - 274 9 25.0 40,241,294 35.2 1.35 64.3 8.203
275 - 280 3 8.3 10,797,063 9.5 1.42 64.5 7.326
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 36 100.0% $114,251,091 100.0% 1.38X 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
- THE WEIGHTED AVERAGE REMAINING STATED AMORTIZATION TERM IS 212 MONTHS.
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
SEASONING - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
SEASONING - GROUP B LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
20 - 24 months 3 8.3% $ 10,016,569 8.8% 1.48x 58.4% 7.362%
25 - 36 months 8 22.2 28,232,575 24.7 1.37 66.1 8.193
37 - 48 months 7 19.4 29,704,498 26.0 1.34 58.1 8.254
49 - 60 months 4 11.1 7,903,833 6.9 1.23 61.7 8.235
61 - 72 monts 6 16.7 18,895,814 16.5 1.43 59.0 8.872
73 - 85 months 8 22.2 19,497,802 17.1 1.43 45.2 8.074
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 36 100.0% $114,251,091 100.0% 1.38X 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
- THE WEIGHTED AVERAGE LOAN AGE IS 49 MONTHS.
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT PROVISIONS SUMMARY - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
PREPAYMENT PROVISIONS LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Yeild Maintenance 32 88.9% $ 95,039,180 83.2% 1.39x 56.7% 8.228%
Yeild Maintenance/Open 2 5.6 12,476,693 10.9 1.35 69.9 8.122
Open/Yeild Maintenance(4) 2 5.6 6,735,218 5.9 1.29 59.3 8.473
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 36 100.0% $114,251,091 100.0% 1.38X 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
(3) These loans are subject to a Defeasance option.
(4) These loans are past their initial Open period.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 31
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
AS OF THE CUT-OFF DATE
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
YEAR OF ORIGINATION - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1993 6 16.7% $ 16,636,726 14.6% 1.38x 44.1% 8.009%
1994 5 13.9 12,363,364 10.8 1.62 55.2 8.846
1995 4 11.1 11,482,815 10.1 1.24 61.5 8.659
1996 7 19.4 24,054,885 21.1 1.31 57.5 8.173
1997 8 22.2 31,511,066 27.6 1.38 64.2 8.331
---------------------------------------------------------------------------------------------------------------------------------
1998 6 16.7 18,202,236 15.9 1.41 62.1 7.648
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 36 100.0% $114,251,091 100.0% 1.38X 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
YEAR OF MATURITY - GROUP B
WEIGHTED WEIGHTED WEIGHTED
NUMBER OF % OF AGGREGATE % OF AVERAGE AVERAGE AVERAGE
MORTGAGE MORTGAGE CUT-OFF DATE INITIAL POOL UNDERWRITING CUT-OFF DATE MORTGAGE
LOANS LOANS BALANCE BALANCE DSCR (1) LTV RATIO (2) RATE
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
2001 3 8.3% $ 8,372,554 7.3% 1.53x 56.6% 8.836%
2002 1 2.8 2,213,015 1.9 1.32 27.0 7.280
2003 3 8.3 9,405,411 8.2 1.36 50.3 7.988
2004 4 11.1 14,415,334 12.6 1.42 59.6 8.482
2005 2 5.6 8,496,537 7.4 1.33 67.3 7.887
2006 4 11.1 7,903,833 6.9 1.23 61.7 8.235
2007 8 22.2 33,333,379 29.2 1.29 65.6 8.069
2008 5 13.9 14,239,589 12.5 1.55 54.2 8.087
2009 2 5.6 4,542,607 4.0 1.51 49.5 9.355
2011 1 2.8 5,070,756 4.4 1.35 44.4 8.355
2012 1 2.8 1,761,588 1.5 1.49 54.6 9.000
2013 2 5.6 4,496,489 3.9 1.43 50.9 8.000
---------------------------------------------------------------------------------------------------------------------------------
TOTAL/WAV 36 100.0% $114,251,091 100.0% 1.38X 58.3% 8.231%
</TABLE>
(1) Underwriting DSCR is the ratio of the Underwriting Cash Flow to Annual
Debt Service.
(2) Cut-off Date LTV means the Cut-off Date Balance divided by the
Appraisal Value.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 32
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
MORTGAGE POOL CHARACTERISTICS
PREPAYMENT PROVISION BASED ON OUTSTANDING PRINCIPAL BALANCE
<TABLE>
<CAPTION>
ALL LOANS (1) 9/00 9/01 9/02 9/03 9/04 9/05 9/06 9/07
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Locked Out 80.49% 82.19% 82.94% 81.89% 84.15% 85.31% 88.05% 91.39%
Yield Maintenance 19.51% 17.81% 17.06% 18.11% 15.85% 14.37% 11.63% 6.76%
3% 0.00% 0.00% 0.00% 0.00% 0.00% 0.32% 0.00% 0.00%
2% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.33% 0.00%
1% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.34%
No Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.51%
---------------------------------------------------------------------------------------------------------------------------------
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
=================================================================================================================================
Aggregate Principal Balance of
the Mortgage Loans ($Millions): $771.18 $739.67 $720.95 $699.93 $671.78 $652.40 $621.44 $587.58
Percentage of Commencement Date Balance
of the Mortgage Loans Outstanding: 100.00% 95.91% 93.49% 90.76% 87.11% 84.60% 80.58% 76.19%
---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
9/08 9/09 9/10 9/11 9/12 9/13 9/14 9/15
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Locked Out 90.35% 12.48% 86.01% 87.99% 78.82% 45.88% 0.00% 0.0%
Yield Maintenance 5.04% 4.17% 13.99% 12.01% 21.18% 20.41% 50.48% 100.0%
3% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0%
2% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0%
1% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0%
No Penalty 4.61% 83.35% 0.00% 0.00% 0.00% 33.70% 49.52% 0.0%
---------------------------------------------------------------------------------------------------------------------------------
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.0%
=================================================================================================================================
Aggregate Principal Balance of
the Mortgage Loans ($Millions): $523.62 $236.71 $ 33.24 $ 31.32 $ 15.34 $ 14.12 $ 5.33 $ 2.48
Percentage of Commencement Date Balance
of the Mortgage Loans Outstanding: 67.90% 30.69% 4.31% 4.06% 1.99% 1.83% 0.69% 0.32%
---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
GROUP A(1) 9/00 9/01 9/02 9/03 9/04 9/05 9/06 9/07
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Locked Out 94.44% 94.75% 94.19% 91.48% 91.96% 91.97% 93.21% 94.93%
Yield Maintenance 5.56% 5.25% 5.81% 8.52% 8.04% 7.69% 6.44% 4.08%
3% 0.00% 0.00% 0.00% 0.00% 0.00% 0.34% 0.00% 0.00%
2% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.35% 0.00%
1% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.35%
No Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.63%
---------------------------------------------------------------------------------------------------------------------------------
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
=================================================================================================================================
Aggregate Principal Balance of
the Mortgage Loans ($Millions): $657.23 $641.62 $634.87 $626.60 $614.73 $605.17 $587.00 $565.65
Percentage of Commencement Date Balance
of the Mortgage Loans Outstanding: 100.00% 97.62% 96.60% 95.34% 93.53% 92.08% 89.31% 86.07%
---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
9/08 9/09 9/10 9/11 9/12 9/13 9/14 9/15
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Locked Out 91.12% 12.60% 89.44% 89.53% 79.81% 45.88% 0.00% 0.0%
Yield Maintenance 4.24% 3.29% 10.56% 10.47% 20.19% 20.41% 50.48% 100.0%
3% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0%
2% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0%
1% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0%
No Penalty 4.65% 84.11% 0.00% 0.00% 0.00% 33.70% 49.52% 0.0%
---------------------------------------------------------------------------------------------------------------------------------
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.0%
=================================================================================================================================
Aggregate Principal Balance of
the Mortgage Loans ($Millions): $519.21 $234.55 $ 31.97 $ 30.78 $ 15.15 $ 14.12 $ 5.33 $ 2.48
Percentage of Commencement Date Balance
of the Mortgage Loans Outstanding: 79.00% 35.69% 4.86% 4.68% 2.31% 2.15% 0.81% 0.38%
---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
GROUP B(1) 9/00 9/01 9/02 9/03 9/04 9/05 9/06 9/07
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Locked Out 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Yield Maintenance 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 75.90%
3% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1% 0.00% 0.00% 0.00% 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% 24.10%
---------------------------------------------------------------------------------------------------------------------------------
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
=================================================================================================================================
Aggregate Principal Balance of
the Mortgage Loans ($Millions): $113.95 $ 98.05 $ 86.08 $ 73.33 $ 57.05 $ 47.23 $ 34.44 $ 21.93
Percentage of Commencement Date Balance
of the Mortgage Loans Outstanding: 100.00% 86.05% 75.54% 64.35% 50.06% 41.45% 30.22% 19.24%
---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
9/08 9/09 9/10 9/11 9/12 9/13 9/14 9/15
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Locked Out 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0%
Yield Maintenance 100.00% 100.00% 100.00% 100.00% 100.00% 0.00% 0.00% 0.0%
New 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0%
New 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0%
New 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0%
No Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.0%
---------------------------------------------------------------------------------------------------------------------------------
Total 100.00% 100.00% 100.00% 100.00% 100.00% 0.00% 0.00% 0.0%
=================================================================================================================================
Aggregate Principal Balance of
the Mortgage Loans ($Millions): $ 4.41 $ 2.15 $ 1.28 $ 0.54 $ 0.19 $ 0.00 $ 0.00 $ 0.00
Percentage of Commencement Date Balance
of the Mortgage Loans Outstanding: 3.87% 1.89% 1.12% 0.47% 0.17% 0.00% 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Prepayment provisions in effect as a percentage of outstanding loan
balances as of the indicated date assuming no prepayments, or in the
case of the Group B, 6% CPR after the expiration of the applicable
Lock-Out Period, if any.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 33
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
SIGNIFICANT MORTGAGE LOANS
THE 411 NORTH AKARD LOAN
- The Loan. The Mortgage Loan known as the "411 North Akard Loan" is
secured by a first mortgage encumbering a 9-story office building
located in the central business district of Dallas, Texas. The
building sits on a 1.23-acre parcel of land and contain 349,810 square
feet of net rentable area and a six-level garage containing 805
parking spaces. The buildout consists of 347,526 square feet of office
space (99.35% of net rentable area) that is entirely occupied by Bank
of America and 2,284 square feet of retail space (0.65% of net
rentable area). Bank of America's lease term expires on December 31,
2009 and it is co-terminous with the loan term. Bank of America is AA-
rated by S&P, Aa1 rated by Moody's, and AA rated by Fitch. Originated
in November 1999, the 411 North Akard Loan has a principal balance as
of the Cut-off Date of $26,313,039 representing 3.4% of the Initial
Pool Balance.
The 411 North Akard Loan was made to a new single-asset entity created
by the principals to receive the transfer of the collateral at closing
from the existing owner, SCI-ROEV Texas Partners, L.P., a Texas
limited partnership. The ultimate owners of the SCI and ROEV interest
in the United States are various foreign families; the Pirelli Family,
Gemina, and Bozzo Group are major stockholders in SCI S.p.A. owns 99%
of the stock of SCI/USA S.p.A., which owns 100% of stock of SCI Real
Estate Development Limited, LTD, a New York Corporation. Normal &
customary carve-outs apply for the borrower and the borrower
principals, ROEV General, Inc., a Delaware Corporation and SCI Real
Estate Development, LTD, a New York corporation.
- The Property. 99.35% of the net rentable area of the building on the
property is occupied by Bank of America. The building was constructed
in 1964 and contains a 6-level underground garage. Bank of America
uses the building to conduct activities relating to online banking,
retail loans and customer service. The building is located near the
new Dart rail system that runs through the heart of downtown Dallas.
- 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 to 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, the lender will require a cash sweep of
all cash flow, after debt service, escrow reserves and all related
operating expenses, as additional collateral for the loan, up to an
amount equaling 9-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.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURTIES LLC [BANK OF AMERICA LOGO]
<PAGE> 34
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
SIGNIFICANT MORTGAGE LOANS
THE 411 NORTH AKARD LOAN
- Ground Lease. An escrow totaling approximately thirty-six (36) months
advance ground rent for all eligible properties with ground leases
will be held at all times in an interest bearing account accruing for
the benefit of borrower and will serve as additional collateral for
the loan. At the loan closing, the Borrower deposited twelve (12)
months advance ground rent (totaling $12,000 ) in an interest bearing
account and twenty-four (24) months advance ground rent totaling
approximately $24,000 allocated from the tenant improvement and
leasing commission escrow to the escrow account.
- Property Management. 411 North Akard is managed by SCI ROEV Realty
Group LP, a management company that is related to 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 is managing
large commercial real estate. SCI ROEV Realty Group L.P. has 1,551,000
square feet under management, with 1,214,00 square feet of that space
being in the Dallas and Fort Worth markets.
- Operating History.
<TABLE>
<CAPTION>
1997 1998 1999 APPRAISER'S ORIGINATOR'S
ACTUAL ACTUAL ACTUAL ESTIMATE UNDERWRITTEN
---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
EGI .......................... $5,623,803 $5,697,577 $5,983,147 $6,232,948 $6,157,782
Expenses ..................... $1,676,682 $1,640,285 $1,620,452 $2,145,992 $1,928,098
---------- ---------- ---------- ---------- ----------
NOI .......................... $3,947,121 $4,057,292 $4,362,696 $4,086,956 $4,229,684
Cash Flow .................... $3,947,121 $4,057,292 $4,004,823 $3,999,503 $3,636,581
---------- ---------- ---------- ---------- ----------
Occupancy .................... 100.0% 99.0% 99.9%
DSCR based on NOI ............ 1.52x 1.56x 1.68x 1.57x 1.63x
DSCR based on Cash Flow ...... 1.52x 1.56x 1.54x 1.54x 1.40x
</TABLE>
- Elevators. The Property contains five passenger car elevators (3,500
lbs/300 fpm), two garage car elevators (2,500 lbs/150 fpm), and one
freight car elevator (4,000 lbs/100 fpm).
- HVAC. The 2nd through 9th floors of the building are heated and cooled
by a high velocity dual duct system which delivers conditioned air to
mixing boxes located in the ceiling plenum space. The first floor is
heated and cooled by ceiling mounted fan units. The primary air units
and the fan coil units are supplied with hot and chilled water from a
central system. The central system has two Kewanee oil/gas fired hot
water boilers. These boilers are original and were retubbed in 1994
and 1995. Chilled water is supplied by three centrifugal chillers.
- Major Tenant. Bank of America (AA- S&P, Aa1-Moody's), the Mortgage
Loan Seller and the parent of the Depositor, occupies 99.35% of net
rentable area.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 35
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
SIGNIFICANT MORTGAGE LOANS
THE 224-246 WORTH AVENUE LOAN AND THE 256 WORTH AVENUE LOAN
- The Loans. The Mortgage Loans (the "224-246 Worth Avenue Loan" and the
"256 Worth Avenue Loan"), which are each secured by a first deed of
trust encumbering a retail building in Palm Beach, Florida, represent
approximately 2.3% and 1.5% of the Initial Pool Balance, respectively.
The 224-246 Worth Avenue and the 256 Worth Avenue Loans are cross
defaulted and cross-collateralized with each other and have principal
balances as of the Cut-off Date of $17,582,614 and $11,850,805,
respectively. The 224-246 Worth Avenue Loan was made to Palm V
Associates, LP, a single asset limited partnership which is owned by
Regent Associates, LP (89.91%), Chauncey Lane Investments (9.09%) and
Palm Management Associates (1%). Each of the three entities is
controlled by the borrower principal, Burton Handelsman. The 256 Worth
Avenue Loan was made to Power-Love Associates, a Florida General
Partnership which is owned by Chauncy Lane Investment Co. (78.57%) and
Worth Avenue Realty Associates (21.43%). Each of the two entities is
controlled by the borrower principal, Burton Handelsman. Counsel to
each borrower has provided both a satisfactory non-consolidated
opinion and an opinion that each related borrower is a bankruptcy
remote, special purpose entity.
The 224-246 Worth Avenue Loan and the 256 Worth Avenue Loan were
originated on July 19, 1999 and mature August 1, 2009. The anticipated
Maturity Date loan-to-value ratio for each loan is 68.1% and 63.6%,
respectively. The 224-246 Worth Avenue Loan and the 256 Worth Avenue
Loan may not be prepaid prior to, and including, May 1, 2009. However,
both loans are subject to defeasance with United States Treasury
obligations beginning two years from the Trust Formation Date. The
224-246 Worth Avenue Loan and the 256 Worth Avenue Loan may be prepaid
without a prepayment penalty (but including a full month's interest)
during the three (3) months preceding the maturity date.
- The Properties. The property securing the 224-246 Worth Avenue Loan is
a combination of one and two-story Spanish Colonial stucco buildings
totaling 37,210 square feet of net leasable area. The property uses
are retail, office and apartments, with 26,654 square feet of retail
space fronting on Worth Avenue, 3,501 square feet exists in the Via's
(internal courtyards), 1,611 square feet comprises second floor office
space and 5,444 square feet is currently being used for apartments.
Portions of the property were constructed in 1931, 1936, 1950 and
1958. Renovations have been on-going as new tenants built-out their
bays and current tenants remodel their existing spaces. All of the
buildings are well maintained and in good repair. The estimated
remaining useful life is 50 years. Tenants at the property include
Malo, Mondi and Georgio's, as well as internationally owned jewelers,
galleries and clothing boutiques.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 36
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
SIGNIFICANT MORTGAGE LOANS
THE 224-246 WORTH AVENUE LOAN AND THE 256 WORTH AVENUE LOAN
The property securing the 256 Worth Avenue Loan consists of two
three-story Spanish Colonial stucco buildings totaling 29,088 square
feet. Of the 29,088 square feet, 14,400 square feet of the space is
occupied by Worth Avenue tenants, Gucci and Halpern, 4,173 square feet
exists in the Via's (internal courtyards), 5,465 square feet comprises
second and third floor office space and 5,200 square feet is currently
being used for an apartment. Constructed in 1930, the property's
buildings have been well maintained with renovations of the tenant
spaces taking place primarily during tenant changeover and upgrades.
All of the buildings are of good repair and have an estimated
remaining useful life of 50 years. The building fronting Worth Avenue
is occupied by retailers Gucci and St. John Knits on the first floor,
with offices for each of the retailers located on the second and third
floors. Other office tenants occupy the second and the third floors as
well. The second building at the subject is located on a courtyard
directly behind the Worth Avenue frontage. The first floor space on
the courtyard houses five more retail tenants. Office space is located
on the second and third floors with tenants including Margaritaville
Holdings, Jimmy Buffet's personal office.
Both properties are located in a unique, 100% occupied, retail
district, comprising three blocks, which caters to the residents and
visitors of Palm Beach, and offers exclusive retailers including Saks
Fifth Avenue, Gucci, Tiffany's, Ralph Lauren, Cartier, Hermes, Bally,
Valentino, and Chanel. Within this district lies Worth Avenue, an area
of fine boutiques with a number of tasteful eateries, clothiers,
jewelers and galleries. The Worth Avenue "submarket" has remained
fully occupied for many years and is expected to remain occupied going
forward due to significant barriers to entry and demand for any
available space. Worth Avenue has an international reputation as one
of the top six retail avenues along with Fifth Avenue, Rodeo Dr.,
Michigan Avenue, Union Square (San Francisco) and NewBurry Street
(Boston). New competition in the market is hindered due to the
complete build-out of the three block corridor that makes up Worth
Avenue. Worth Avenue is bordered by water to the east and west, by the
Everglades Golf Course to the south and by an upscale residential
development to the north.
- Property Management. Both properties are managed by an affiliate of
Love Realty of the Palm Beaches, Inc. an entity that is affiliated to
the borrowing entity through common ownership. Love Management
Corporation manages approximately 250,000 square feet of retail space
in 25 properties located in Palm Beach, Florida and on Fifth Avenue in
New York. Within the Palm Beach submarket, Love Management Corporation
and its affiliates manage approximately 100,000 square feet of retail
space in 7 properties.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 37
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
SIGNIFICANT MORTGAGE LOANS
THE 224-246 WORTH AVENUE LOAN AND THE 256 WORTH AVENUE LOAN
- OPERATING HISTORY - 224-246 WORTH AVENUE.
<TABLE>
<CAPTION>
1998 1999 ORIGINATOR'S
ACTUAL ACTUAL UNDERWRITTEN
---------- ---------- ------------
<S> <C> <C> <C>
EGI .......................... $2,651,971 $3,589,261 $2,721,902
Expenses ..................... $ 609,609 $1,066,345 $ 625,403
---------- ---------- ----------
NOI .......................... $2,042,362 $2,522,916 $2,096,499
Cash Flow .................... $2,029,214 $2,513,974 $2,024,142
---------- ---------- ----------
Occupancy .................... 100.0% 100.0% 94.5%
DSCR based on NOI ............ 1.31x 1.62x 1.34x
DSCR based on Cash Flow ...... 1.30x 1.61x 1.30x
</TABLE>
- OPERATING HISTORY - 256 WORTH AVENUE.
<TABLE>
<CAPTION>
1998 1999 ORIGINATOR'S
ACTUAL ACTUAL UNDERWRITTEN
---------- ---------- ------------
<S> <C> <C> <C>
EGI .......................... $1,842,528 $2,162,504 $1,812,888
Expenses ..................... $ 449,076 $ 635,912 $ 470,211
---------- ---------- ----------
NOI .......................... $1,393,452 $1,526,593 $1,342,677
Cash Flow .................... $1,366,730 $1,523,979 $1,314,742
---------- ---------- ----------
Occupancy .................... 100.0% 100.0% 96.4%
DSCR based on NOI ............ 1.32x 1.45x 1.28x
DSCR based on Cash Flow ...... 1.30x 1.45x 1.25x
</TABLE>
- OPERATING HISTORY - COMBINED LOANS.
<TABLE>
<CAPTION>
1998 1999 ORIGINATOR'S
ACTUAL ACTUAL UNDERWRITTEN
---------- ---------- ------------
<S> <C> <C> <C>
EGI .......................... $4,494,499 $5,751,766 $4,534,790
Expenses ..................... $1,058,685 $1,702,257 $1,095,614
---------- ---------- ----------
NOI .......................... $3,435,814 $4,049,509 $3,439,176
Cash Flow .................... $3,395,944 $4,037,954 $3,338,884
---------- ---------- ----------
Occupancy .................... 100.0% 100.0% 95.3%
DSCR based on NOI ............ 1.32x 1.55x 1.32x
DSCR based on Cash Flow ...... 1.30x 1.55x 1.28x
</TABLE>
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 38
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
SIGNIFICANT MORTGAGE LOANS
THE INNKEEPERS LOAN
- The Loan. The mortgage loan (the "Innkeepers Loan") is secured by a first
mortgage lien on eight upper-tier, extended-stay hotels and represents 7.5%
of the Initial Pool Balance. The Innkeepers Loan was originated by the
Mortgage Loan Seller on September 24, 1999. The Innkeepers Loan has a
$58,000,000 outstanding principal balance as of the Cut-Off Date.
The Innkeepers Loan has a term of 120 months (10 years) and amortizes over
264 months (22 years). The Innkeepers Loan is interest-only for the first
three years of the loan term. The loan may not be prepaid before September
1, 2009. The Innkeepers Loan is subject to defeasance with U.S. Treasury
obligations beginning the earlier of 25 months from the Trust Formation
Date or 49 months from loan funding. On the final two scheduled payment
dates, the Innkeepers Loan may be prepaid without penalty. Additional terms
and escrows for the Innkeepers Loan are set forth in Annex A.
- The Properties. The collateral for the Innkeepers Loan consists of eight
upper-tier extended-stay hotels. The hotels operate under two of the top
national franchises in the United States and are located in Washington,
Oregon, California and Texas. The hotels have 1,005 rooms and are operated
by two operating lessees under two separate lease agreements (collectively,
the "Lease Agreements").
<TABLE>
<CAPTION>
Number of Yr. Built/
Rooms Occupancy Renovated
--------- --------- ----------
<S> <C> <C> <C>
Residence Inn - Bellevue, WA ................ 120 83.7% 1984/97
Residence Inn - Vancouver, WA ............... 120 86.7% 1987/99
Residence Inn - Seattle, WA ................. 144 91.1% 1985/98
Residence Inn - Lynnwood, WA ................ 120 85.5% 1987/98
Residence Inn - Lake Oswego, OR ............. 112 74.0% 1985/98
Summerfield Suites - Belmont, CA ............ 132 81.8% 1995
Summerfield Suites - West Hollywood, CA ..... 109 80.7% 1973/93
Summerfield Suites - Irving, TX ............. 148 77.8% 1996
</TABLE>
- Lease Agreements. The five Residence Inns are operated by Innkeepers
Hospitality VII, Inc., an affiliate of the borrower. The three
Summerfield Suite are operated by Summerfield KPA Lessee, L.P., an
affiliate of Wyndham International, Inc. Both lessees are newly-formed,
bankruptcy-remote, single-purpose entities. Each operating lease is
subordinate to the Innkeepers Loan and can be terminated for
nonperformance without penalty. Leases provide for a base rent,
increased annually by the consumer price index, with percentage rent
after certain revenue targets are achieved. The landlord is obligated
to pay real estate taxes, insurance (Residence Inns only), and 4% of
revenues for capital expenditures. The Summerfield Suites lease
obligation is secured by a pledge of $5 million of a letter of credit
provided by Chase Manhattan Bank.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 39
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
SIGNIFICANT MORTGAGE LOANS
THE INNKEEPERS LOAN
- Debt Service Coverage/Loan to Value. The DSCR is predicated on several
levels of cash flow and is structured to address the cash flow of the
underlying property operations and the contractual payments under the lease
agreements. The DSCR is calculated based on full principal and interest
payments beginning in year four of the loan term. The underwritten DSCR is
2.49x on property operations and 2.41x on lease payments. The loan-to-value
ratio is 44.2% as of the Cut-Off Date.
- Cash Management Account. A cash management account was established at
closing and all revenue payable to the borrower from the lessees is
deposited directly into the account. Principal, interest and all escrows
due under the loan are paid from the cash management account. One month of
debt service and all reserve deposits are required to remain in the account
at all times. In the event that the DSCR based aggregate operations ever
falls below 1.75x, the borrower will deposit funds sufficient to pay three
months of debt service into the cash management account.
- Substitution of Collateral. Substitution of collateral will be allowed, but
total substitution over the loan term will be limited to no more than 25%
of the original principal amount of each loan. Further, after giving effect
to the substitution, the debt service coverage ratios (on operations and
lease payments) for the applicable loan (s) will be at least equal to the
greater of (1) the debt service coverage ratios at closing; or (2) the debt
service coverage ratios immediately prior to such substitution. Moreover,
substitution of collateral is subject, among other things, to (a) written
confirmation from each Rating Agency that such substitution will not result
in a withdrawal, downgrade or qualification of the rating of any
certificate and (b) documentation subject to review and approval of lender
counsel.
- Sponsorship. Innkeepers USA Trust ("Innkeepers") is a self-administered and
self-managed REIT that specializes in the ownership of upscale, extended
stay hotels. As of December 31, 1998, Innkeepers owns 63 hotels in 23
states with an aggregate of 7,639 rooms through its interests in Innkeepers
USA Limited Partnership. Residence Inn, the dominant brand in the
extended-stay segment, represents the majority of Innkeepers' portfolio.
All of the company's hotels are managed under operating leases. A majority
of the hotels are leased to an affiliate, Innkeepers Hospitality, Inc.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 40
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
SIGNIFICANT MORTGAGE LOANS
THE INNKEEPERS LOAN
- OPERATING HISTORY.
<TABLE>
<CAPTION>
1998 1999 ORIGINATOR'S
ACTUAL ACTUAL UNDERWRITTEN
----------- ----------- ------------
<S> <C> <C> <C>
EGI .......................... $35,494,380 $35,735,579 $33,634,257
Expenses ..................... $17,829,853 $17,494,846 $18,879,459
----------- ----------- -----------
NOI .......................... $17,664,527 $18,240,733 $14,754,798
Cash Flow .................... $17,496,542 $16,819,745 $13,073,085
----------- ----------- -----------
Occupancy .................... 81.9% 84.4% 77.2%
DSCR based on NOI ............ 3.37x 3.48x 2.81x
DSCR based on Cash Flow ...... 3.34x 3.21x 2.49x
</TABLE>
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 41
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
SIGNIFICANT MORTGAGE LOANS
THE FIEGA LOANS
- The Loans. The Mortgage Loans secured by the Tiburon Apartments, Farmstead
Apartments and Cimarron Apartments (collectively, the "Fiega Loans")
represent 2.1%, 1.4% and 0.8% of the Initial Pool Balance, respectively.
Each loan is cross-collateralized and cross-defaulted with the others and
each is held in a single asset entity with common borrower principals. The
Fiega Loans are secured by a first deed of trust on three separate
apartment buildings all located in Mesa, Arizona representing in the
aggregate approximately 4.4% of the Initial Pool Balance. Originated on
October 20, 1999, the Fiega Loans had an aggregate principal balance as of
the Cut-off Date of $33,700,222. Counsel to each borrower under the Fiega
Loans has provided both a non-consolidated option and an option that each
borrower is a bankruptcy remote, special purpose entity.
The Fiega Loans have a remaining term of 111 months and mature on November
1, 2009. The Fiega Loans may not be prepaid before September 1, 2009.
However, the Fiega Loans are subject to defeasance with United States
Treasury obligations beginning two years from the Trust Formation Date.
(The Fiega Loans may be prepaid without the payment of a prepayment penalty
on the final three (3) scheduled payment dates.) The Fiega Loans are all
ten-year loans on 30 year amortizations. Additional terms and escrows for
the Fiega Loans are set forth in Annex A.
- The Properties. All three properties under the Fiega Loans are located
within a three mile radius in Mesa, Arizona.
Tiburon Apartments is a 582 unit, garden-style apartment complex. The
property was constructed in 1987 and consists of 28 buildings including a
two-story clubhouse building containing the leasing and administrative
offices, fitness center, social room with kitchen, two racquetball courts
and laundry facilities. Common area amenities, include a swimming pool, lap
pool, spa, two tennis courts, two volleyball courts, one basketball court,
barbecues, landscaped courtyards and a paved jogging path through the
community.
Farmstead Apartments is a 348 unit, garden-style apartment complex
constructed in 1985. The complex consists of 16 buildings including a
two-story clubhouse building containing the leasing and administrative
offices, fitness center, social room with kitchen, one racquetball court
and laundry facilities. Common area amenities include a swimming pool, spa,
two tennis courts, two volleyball courts, barbecues, and landscaped
courtyards throughout the community.
Cimaron Apartments is a 210 unit, garden-style apartment complex.
Constructed in 1985, the complex consists of 11 buildings, including the
two-story clubhouse building containing the leasing and administrative
offices, fitness center, social room with kitchen, two racquetball courts,
and laundry facilities. Common area amenities include a swimming pool, spa,
tennis court, barbecues, and landscaped courtyards.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 42
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
SIGNIFICANT MORTGAGE LOANS
THE FIEGA LOANS
- CROSSED STRUCTURE. Tiburon Apartments, Farmstead Apartment and Cimarron
Apartments are all cross-collateralized and cross-defaulted with
related borrower principals. The loans have a combined LTV and
underwritten DSC of 79% and 1.20x, respectively. In the event that any
of the Fiega Loans are paid-in-full or assumed, the lender may, under
certain circumstances, release the cross-collateralization and
cross-default provisions upon the related borrower's payment of an
amount equal to 25% of the remaining outstanding principal balance of
any of the loans, immediately preceding the full repayment or on the
date of assumption of the related loan. The 25% payment will be
applied, without premium or penalty, on a pro-rata basis against the
then remaining outstanding principal balances of the remaining loans.
- PROPERTY MANAGEMENT. The properties relating to the Fiega Loans are
managed by Bernard/Finney Management Services, Inc. They have been in
business for over twenty-five years and, in total, manage 55 properties
with 14,126 units and in the submarket, 8 properties with 2,278 units.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 43
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
SIGNIFICANT MORTGAGE LOANS
THE FIEGA LOANS
- TIBURON OPERATING HISTORY:
<TABLE>
<CAPTION>
1998 1999 ORIGINATOR'S
ACTUAL ACTUAL UNDERWRITTEN
---------- ---------- ------------
<S> <C> <C> <C>
EGI ......................... $3,153,530 $3,179,495 $3,153,174
Expenses .................... $1,248,849 $1,318,303 $1,287,666
---------- ---------- ----------
NOI ......................... $1,904,681 $1,861,192 $1,865,508
Cash Flow ................... $1,904,681 $1,768,654 $1,740,989
---------- ---------- ----------
Occupancy ................... 94.0% 95.4% 85.7%
DSCR based on NOI ........... 1.31x 1.28x 1.29x
DSCR based on Cash Flow ..... 1.31x 1.22x 1.20x
</TABLE>
- FARMSTEAD OPERATING HISTORY:
<TABLE>
<CAPTION>
1998 1999 ORIGINATOR'S
ACTUAL ACTUAL UNDERWRITTEN
---------- ---------- ------------
<S> <C> <C> <C>
EGI ......................... $1,980,352 $1,992,080 $2,032,695
Expenses .................... $ 735,233 $ 765,332 $ 772,063
---------- ---------- ----------
NOI ......................... $1,245,119 $1,226,747 $1,260,632
Cash Flow ................... $1,187,699 $1,161,599 $1,186,682
---------- ---------- ----------
Occupancy ................... 94.0% 93.7% 92.0%
DSCR based on NOI ........... 1.27x 1.25x 1.28x
DSCR based on Cash Flow ..... 1.21x 1.18x 1.21x
</TABLE>
- CIMARRON OPERATING HISTORY:
<TABLE>
<CAPTION>
1998 1999 ORIGINATOR'S
ACTUAL ACTUAL UNDERWRITTEN
---------- ---------- ------------
<S> <C> <C> <C>
EGI ......................... $1,212,780 $1,195,076 $1,215,817
Expenses .................... $ 514,868 $ 518,209 $ 522,151
---------- ---------- ----------
NOI ......................... $ 697,912 $ 676,868 $ 693,666
Cash Flow ................... $ 697,912 $ 641,168 $ 648,736
---------- ---------- ----------
Occupancy ................... 93.4% 95.7% 90.8%
DSCR based on NOI ........... 1.29x 1.25x 1.28x
DSCR based on Cash Flow ..... 1.29x 1.19x 1.20x
</TABLE>
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 44
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (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 hereto. Certain capitalized terms that
appear herein are defined in Annex A. See Annex B hereto 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 77
months prior to the Cut-off Date.
- TENANT MATTERS. Sixty-seven of the retail, office, special purpose and
industrial Mortgaged Properties, which represent security for 41.7% 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 1.8%, 2.9%
and 4.8% 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 Mortgage Property that
rents at least 20% of the Leasable Square Footage (as defined in Annex
A) at such property.
Certain of the Multifamily Mortgaged Properties have material
concentrations of student tenants.
- GROUND LEASES. Seven Mortgage Loans, which represent 7.9% 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 (1) 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.
- SUBORDINATE FINANCING
CONDUIT MORTGAGE LOANS. We are aware that 4 of the mortgaged properties
relating to the Conduit Mortgage Loans, representing 3.5% of the
Initial Pool Balance, were encumbered by subordinate debt as of the
Cut-off Date. The Conduit 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
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 45
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
ADDITIONAL MORTGAGE LOAN INFORMATION
PORTFOLIO MORTGAGE LOANS. We are aware that 4 of the mortgaged
properties relating to the Portfolio Mortgage Loans, representing
security for 1.3% of the Initial Pool Balance, are presently encumbered
by subordinate debt. However, several of the Portfolio Mortgage Loans
do not prohibit the related mortgagor from incurring such subordinate
debt in the future
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.
- HEALTH CARE PROPERTIES. Six Mortgage Loans, which represent 5.8% of the
Initial Pool Balance, are secured by liens on health care properties.
Health care facilities typically receive a substantial portion of their
revenues from government reimbursement programs, primarily Medicaid and
Medicare. Medicaid and Medicare are subject to statutory and regulatory
changes, retroactive rate adjustments, administrative rulings, policy
interpretations, delays by fiscal intermediaries and government funding
restrictions, all of which can adversely affect revenues from
operation. Moreover, governmental payors have employed cost-containment
measures that limit payments to health care providers and there are
currently under consideration various proposals for national health
care relief that could further limit these payments. In addition,
providers of long-term nursing care and other medical services are
highly regulated by federal, state and local law and are subject to,
among other things, federal and state licensing requirements, facility
inspections, rate setting, reimbursement policies, and laws relating to
the adequacy of medical care, distribution of pharmaceuticals,
equipment, personnel, operating policies and maintenance of and
additions to facilities and services, any or all of which factors can
increase the cost of operation, limit growth and, in extreme cases,
require or result in suspension or cessation of operations.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 46
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
ADDITIONAL MORTGAGE LOAN INFORMATION
- EDWARDS MEGAPLEX (LOAN #51828). The Depositor is aware from published
reports that Edwards Theatres Circuit Inc. ("Edwards"), the tenant with
respect to the movie theater (the "Movie Theater") constituting the
Mortgaged Property securing one of the Conduit Mortgage Loans,
representing 2.8% of the Initial Pool Balance (the "Movie Theater
Loan"), has filed for bankruptcy protection. Although no payment
default has occurred under the Movie Theater Loan as of the Cut-off
Date, the Depositor can make no assurance regarding the tenant's future
plans or financial condition.
The Movie Theater was built in 1998 using a megaplex format with 21
screens, an IMAX theater, stadium seating, and surround and digital
sound technology. It is located near a busy intersection on an
outparcel in the Ontario Mills Mall. According to information provided
by Edwards, the Movie Theater is the third highest grossing theater in
the Edwards chain. As of the Cut-off Date, the loan amount represents
approximately 78.4% loan-to-cost, and there is approximately $6.02
million cash equity. Based on the appraised value (completed 9/14/99)
of $29,250,000, the Cutoff Date Balance represents a 74.9% Loan to
Value and market equity of approximately $7.354 million. The Borrower
under the Movie Theater Loan is a joint venture between Starwood
Capital (Starwood Opportunity Fund V) and Wasserman, Inc. Principals in
the Borrower have been developing, rehabilitating, purchasing and
maintaining a portfolio of commercial real estate for approximately 35
years.
Subject to the limitations noted below, Bank of America has agreed to
indemnify the Trust for the benefit of the holders of the Offered
Certificates, per their respective entitlements, if any (as determined
as described under "Description of the Certificates - Distributions -
Distributions of Prepayment Premiums" in the prospectus supplement),
for any Prepayment Premiums due, but not received, in the event of a
payment default relating to Edwards under the Movie Theater Loan, and
for the amount of the ultimate loss to any Offered Certificateholder,
if any, realized on the Movie Theater Loan following any liquidation of
such Mortgagee Loan that results from such a default (regardless when
such loss is realized by such Offered Certificateholder). Bank of
America's indemnification obligation is subject to certain limitations.
Amounts paid by Bank of America pursuant to such indemnification
obligation will be applied first in respect of Prepayment Premiums and
second to principal. The indemnification obligation will expire upon
the earlier to occur of (i) the date that is three years after the date
the property securing the Movie Theater Loan is no longer included in
the bankruptcy estate of Edwards and (ii) the date the Movie Theater is
leased to a tenant having a rating of "B" or better or the equivalent
from any nationally recognized rating agency. In addition, and in all
events, the total amount of the indemnification is limited to 10% of
the aggregate then outstanding principal balance of the Movie Theater
Loan.
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 47
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
SUBORDINATION PERCENTAGES
The following tables set forth subordination percentages given an assumed
prepayment speed. We cannot assure you that the Mortgage Loans will exhibit
similar prepayment characteristics, nor can we make any other representation
regarding what the actual performance of Mortgage Loans will be. All
percentages are based on the beginning principal balances of the related
Distribution Date.
<TABLE>
<CAPTION>
-------------------------------------------------------------------------
PREPAYMENT (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4
-------------------------------------------------------------------------
<S> <C> <C> <C> <C>
GROUP A
During YM 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00%
Group B
During YM 0.00% 3.00% 6.00% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 6.00% 9.00%
--------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------
SCENARIO 1 PERIOD
------------------------------------------------------------------------
1 24 60 84
-----------------------------------------
<S> <C> <C> <C> <C>
Aaa/AAA 26.58% 27.96% 30.57% 33.88%
Aa2/AA 21.27% 22.37% 24.46% 27.10%
A2/A 16.71% 17.58% 19.22% 21.30%
A3/A- 15.19% 15.98% 17.47% 19.36%
Baa2/BBB 11.65% 12.25% 13.39% 14.84%
<CAPTION>
------------------------------------------------------------------------
SCENARIO 2 PERIOD
------------------------------------------------------------------------
1 24 60 84
-----------------------------------------
<S> <C> <C> <C> <C>
Aaa/AAA 26.58% 28.18% 30.99% 34.25%
Aa2/AA 21.27% 22.54% 24.79% 27.40%
A2/A 16.71% 17.71% 19.48% 21.53%
A3/A- 15.19% 16.10% 17.71% 19.57%
Baa2/BBB 11.65% 12.34% 13.58% 15.00%
<CAPTION>
------------------------------------------------------------------------
SCENARIO 3 PERIOD
------------------------------------------------------------------------
1 24 60 84
-----------------------------------------
<S> <C> <C> <C> <C>
Aaa/AAA 26.58% 28.39% 31.37% 34.56%
Aa2/AA 21.27% 22.71% 25.09% 27.65%
A2/A 16.71% 17.84% 19.72% 21.72%
A3/A- 15.19% 16.22% 17.92% 19.75%
Baa2/BBB 11.65% 12.44% 13.74% 15.14%
<CAPTION>
------------------------------------------------------------------------
SCENARIO 4 PERIOD
------------------------------------------------------------------------
1 24 60 84
-----------------------------------------
<S> <C> <C> <C> <C>
Aaa/AAA 26.58% 28.59% 31.71% 34.82%
Aa2/AA 21.27% 22.88% 25.36% 27.86%
A2/A 16.71% 17.97% 19.93% 21.89%
A3/A- 15.19% 16.34% 18.12% 19.90%
Baa2/BBB 11.65% 12.53% 13.89% 15.25%
</TABLE>
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 48
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PREPAYMENT PREMIUM ALLOCATION
All Prepayment Premiums are distributed to Certificate holders on the
Distribution Date following the one-month collection period in which the
prepayment occurred. All Prepayment Premiums will be allocated among the
Class A through F, in each case, up to the product of (i) the Prepayment
Premium, (ii) the "Discount Rate Fraction" and (iii) the percentage of
total principal distribution to Certificate holders to which such class
is entitled. Any excess amounts will be distributed to the Class X
Certificates.
The Discount Rate Fraction for Classes A through F is defined as:
(Coupon on Class - Reinvestment Yield)
-------------------------------------------------------------
(Gross Mortgage Loan Rate - Reinvestment Yield)
The reinvestment yield may be adjusted to reflect a constant spread, see
"Certain Characteristics Of The Mortgage Loans" in the Prospectus
Supplement.
Prepayment Premium Allocation Example:
A yield maintenance prepayment premium will generally be equal to the
present value of the reduction in interest payments as a result of the
prepayment through the maturity of the Mortgage Loan, discounted at the
yield of a Treasury security of similar maturity in most cases. The
following example reflects that method, for additional types of yield
maintenance see "Certain Characteristics Of The Mortgage Loans" in the
Prospectus Supplement.
General Prepayment Premium Allocation Example:
Assuming the structure represented in this term sheet and the following
assumptions:
<TABLE>
<CAPTION>
MORTGAGE LOAN CHARACTERISTICS OF LOAN BEING
PREPAID:
-----------------------------------------------------------------------
<S> <C>
Beginning Balance $2,084,374.55
Balance at Prepayment $2,058,822.74
Gross Mortgage Rate 7.77%
Remaining Term (months) 87
Remaining Amortization Term (months) 327
Lock-out Period (months) 15
Prepayment Received (month) 16
Yield Maintenance Collected $175,202.82
Yield Maintenance Type Interest Rate Differential
(Type 1A - See Prospectus
Supplement)
<CAPTION>
CERTIFICATE CHARACTERISTICS:
-----------------------------------------------------------------------
<S> <C>
Prepaid Principal $2,057,296.03
Class A-1A Initial Pass-Through Rate 7.238%
Reinvestment Yield 6.017%
</TABLE>
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANK OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 49
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PREPAYMENT PREMIUM ALLOCATION
<TABLE>
<CAPTION>
BOND CLASS CLASS X
DISCOUNT RATE FRACTION CALCULATION: ALLOCATION CERTIFICATES
-----------------------------------------------------------------------------------------
<S> <C> <C>
(Bond Class Coupon - Reinvestment Yield) 7.238% - 6.017% 1.221%
----------------------------------------- --------------- = ------- (100% - 69.652%)
(Gross Mortgage Rate - Reinvestment Yield) 7.77% - 6.017% 1.753%
% of Premium allocated to Classes 69.652% 30.348%
(Discount Rate Fraction)
$ Premium allocated to Classes $122,032.31 $53,170.51
</TABLE>
This material is for your private information and Banc of America Securities LLC
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANK OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 50
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (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 September 27, 2000 to equal the assumed
purchase prices, plus accrued interest at the applicable pass- through
rate from and including September 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 August 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 in bold face 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
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANK OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 51
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PRICE/YIELD TABLE - CLASS A-1A
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-1 Initial Balance: 153,230,577
Settlement Date: 09/27/2000 Initial Pass-Through Rate: 7.2380%
Accrual Start Date: 09/01/2000
First Pay Date: 10/15/2000
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Prepayment (CPR) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Group A
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Group B
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
99-0.0 7.52 7.52 7.52 7.52 7.52 7.52
99-4.0 7.49 7.49 7.49 7.49 7.49 7.49
99-8.0 7.46 7.46 7.46 7.46 7.46 7.46
99-12.0 7.43 7.43 7.43 7.43 7.43 7.43
99-16.0 7.40 7.40 7.40 7.40 7.40 7.40
99-20.0 7.37 7.37 7.37 7.37 7.37 7.37
99-24.0 7.34 7.34 7.34 7.34 7.34 7.34
99-28.0 7.31 7.31 7.31 7.31 7.31 7.31
100-0.0 7.28 7.28 7.28 7.28 7.28 7.28
100-4.0 7.25 7.25 7.25 7.25 7.25 7.25
100-8.0 7.22 7.22 7.22 7.22 7.22 7.22
100-12.0 7.19 7.19 7.19 7.19 7.19 7.19
100-16.0 7.16 7.16 7.16 7.16 7.16 7.16
100-20.0 7.13 7.13 7.13 7.13 7.13 7.13
100-24.0 7.11 7.11 7.11 7.11 7.11 7.11
100-28.0 7.08 7.08 7.08 7.08 7.08 7.08
101-0.0 7.05 7.05 7.05 7.05 7.05 7.05
WAL (Yrs) 5.50 5.50 5.50 5.50 5.50 5.50
Mod Dur 4.22 4.22 4.22 4.22 4.22 4.22
First Prin Date 10/15/2000 10/15/2000 10/15/2000 10/15/2000 10/15/2000 10/15/2000
Final Prin Date 11/15/2008 11/15/2008 11/15/2008 11/15/2008 11/15/2008 11/15/2008
Prin Window 98 98 98 98 98 98
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ASSUMPTIONS MONEY MARKET CURVE AS OF 08/22/00 TREASURY CURVE AS OF 08/22/00
------------------------------------------------------------------------------------------------------------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
----------------------------------------------------------------
<S> <C> <C> <C> <C>
Initial Balance is as of September 1st, 2000 1/12 5.44 1/4 6.27
Prepay Rates are a Constant % of CPR 1/4 5.84 1/2 6.35
100% of All Prepayment Premiums are assumed to be collected 1/2 6.09 1 6.17
Prepayment Premiums are allocated to one or more classes 1 5.99 2 6.25
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 6.08 5 6.07
Distributions of Prepayment Premiums" in the Prospectus Supplement. 5 6.08 10 5.78
No Extensions on any Mortgage Loan 30 5.71
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
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 52
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PRICE/YIELD TABLE - CLASS A-2A
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Security ID: Banc of America Commercial Mortgage 00-1 Initial Balance: 299,000,640
<S> <C> <C> <C>
Settlement Date: 09/27/2000 Initial Pass-Through Rate: 7.4400%
Accrual Start Date: 09/01/2000
First Pay Date: 10/15/2000
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Prepayment (CPR) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Group A
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Group B
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
99-16.0 7.59 7.59 7.59 7.59 7.59 7.59
99-20.0 7.57 7.57 7.57 7.57 7.57 7.57
99-24.0 7.55 7.55 7.55 7.55 7.55 7.55
99-28.0 7.53 7.53 7.53 7.53 7.53 7.53
100-0.0 7.51 7.51 7.51 7.51 7.51 7.51
100-4.0 7.49 7.49 7.49 7.49 7.49 7.49
100-8.0 7.47 7.47 7.47 7.47 7.47 7.47
100-12.0 7.45 7.45 7.45 7.45 7.45 7.45
100-16.0 7.43 7.43 7.43 7.43 7.43 7.43
100-20.0 7.41 7.41 7.41 7.41 7.41 7.41
100-24.0 7.39 7.39 7.39 7.39 7.39 7.39
100-28.0 7.37 7.37 7.37 7.37 7.37 7.37
101-0.0 7.35 7.35 7.35 7.35 7.35 7.35
101-4.0 7.33 7.33 7.33 7.33 7.33 7.33
101-8.0 7.31 7.31 7.31 7.31 7.31 7.31
101-12.0 7.29 7.29 7.29 7.29 7.29 7.29
101-16.0 7.27 7.27 7.27 7.27 7.27 7.27
WAL (Yrs) 8.79 8.79 8.79 8.79 8.79 8.79
Mod Dur 6.24 6.24 6.24 6.24 6.24 6.24
First Prin Date 11/15/2008 11/15/2008 11/15/2008 11/15/2008 11/15/2008 11/15/2008
Final Prin Date 10/15/2009 10/15/2009 10/15/2009 10/15/2009 10/15/2009 10/15/2009
Prin Window 12 12 12 12 12 12
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
ASSUMPTIONS MONEY MARKET CURVE AS OF 08/22/00 TREASURY CURVE AS OF 08/22/00
-----------------------------------------------------------------------------------------------------------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
---------------------------------------------------------------
<S> <C> <C> <C> <C>
Initial Balance is as of September 1st, 2000 1/12 5.44 1/4 6.27
Prepay Rates are a Constant % of CPR 1/4 5.84 1/2 6.35
100% of All Prepayment Premiums are assumed to be collected 1/2 6.09 1 6.17
Prepayment Premiums are allocated to one or more classes 1 5.99 2 6.25
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 6.08 5 6.07
Distributions of Prepayment Premiums" in the Prospectus Supplement. 5 6.08 10 5.78
No Extensions on any Mortgage Loan 30 5.71
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
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 53
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PRICE/YIELD TABLE - CLASS A-1B
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
Security ID: Banc of America Commercial Mortgage 00-1 Initial Balance: 55,591,451
<S> <C> <C> <C>
Settlement Date: 09/27/2000 Initial Pass-Through Rate: 6.9510%
Accrual Start Date: 09/01/2000
First Pay Date: 10/15/2000
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
Prepayment (CPR) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Group A
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Group B
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
99-16.0 7.14 7.34 7.45 7.56 7.68 7.82
99-18.0 7.12 7.31 7.42 7.53 7.64 7.78
99-20.0 7.09 7.28 7.38 7.49 7.61 7.74
99-22.0 7.07 7.25 7.35 7.46 7.57 7.70
99-24.0 7.04 7.22 7.32 7.42 7.53 7.66
99-26.0 7.02 7.19 7.28 7.39 7.49 7.62
99-28.0 6.99 7.16 7.25 7.35 7.45 7.58
99-30.0 6.97 7.13 7.22 7.32 7.42 7.54
100-0.0 6.94 7.10 7.19 7.28 7.38 7.49
100-2.0 6.92 7.07 7.15 7.25 7.34 7.45
100-4.0 6.89 7.04 7.12 7.21 7.30 7.41
100-6.0 6.87 7.01 7.09 7.17 7.26 7.37
100-8.0 6.84 6.98 7.06 7.14 7.23 7.33
100-10.0 6.82 6.95 7.02 7.10 7.19 7.29
100-12.0 6.79 6.92 6.99 7.07 7.15 7.25
100-14.0 6.77 6.89 6.96 7.03 7.11 7.21
100-16.0 6.74 6.86 6.93 7.00 7.07 7.17
WAL (Yrs) 2.91 2.38 2.18 2.00 1.85 1.71
Mod Dur 2.49 2.07 1.91 1.76 1.63 1.52
First Prin Date 10/15/2000 10/15/2000 10/15/2000 10/15/2000 10/15/2000 10/15/2000
Final Prin Date 01/15/2006 03/15/2005 10/15/2004 07/15/2004 03/15/2004 03/15/2004
Prin Window 64 54 49 46 42 42
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ASSUMPTIONS MONEY MARKET CURVE AS OF 08/22/00 TREASURY CURVE AS OF 08/22/00
------------------------------------------------------------------------------------------------------------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
----------------------------------------------------------------
<S> <C> <C> <C> <C>
Initial Balance is as of September 1st, 2000 1/12 5.44 1/4 6.27
Prepay Rates are a Constant % of CPR 1/4 5.84 1/2 6.35
100% of All Prepayment Premiums are assumed to be collected 1/2 6.09 1 6.17
Prepayment Premiums are allocated to one or more classes 1 5.99 2 6.25
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 6.08 5 6.07
Distributions of Prepayment Premiums" in the Prospectus Supplement. 5 6.08 10 5.78
No Extensions on any Mortgage Loan 30 5.71
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
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICAN LOGO]
<PAGE> 54
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PRICE/YIELD TABLE - CLASS A-2B
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-1 Initial Balance: 38,390,866
Settlement Date: 09/27/2000 Initial Pass-Through Rate: 7.3570%
Accrual Start Date: 09/01/2000
First Pay Date: 10/15/2000
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Prepayment (CPR) SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Group A
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Group B
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
99-0.0 7.61 7.64 7.66 7.68 7.71 7.73
99-4.0 7.59 7.61 7.63 7.65 7.68 7.70
99-8.0 7.56 7.58 7.60 7.62 7.65 7.67
99-12.0 7.54 7.56 7.58 7.60 7.62 7.64
99-16.0 7.51 7.53 7.55 7.57 7.59 7.61
99-20.0 7.49 7.50 7.52 7.54 7.56 7.57
99-24.0 7.46 7.48 7.49 7.51 7.53 7.54
99-28.0 7.44 7.45 7.46 7.48 7.50 7.51
100-0.0 7.41 7.42 7.44 7.45 7.47 7.48
100-4.0 7.39 7.40 7.41 7.42 7.44 7.45
100-8.0 7.36 7.37 7.38 7.39 7.41 7.42
100-12.0 7.34 7.35 7.35 7.37 7.38 7.39
100-16.0 7.31 7.32 7.33 7.34 7.35 7.36
100-20.0 7.29 7.29 7.30 7.31 7.32 7.33
100-24.0 7.26 7.27 7.27 7.28 7.29 7.29
100-28.0 7.24 7.24 7.25 7.25 7.26 7.26
101-0.0 7.21 7.21 7.22 7.22 7.23 7.23
WAL (Yrs) 6.46 6.03 5.77 5.50 5.21 4.96
Mod Dur 4.96 4.69 4.52 4.35 4.16 3.98
First Prin Date 01/15/2006 03/15/2005 10/15/2004 07/15/2004 03/15/2004 03/15/2004
Final Prin Date 12/15/2007 10/15/2007 10/15/2007 10/15/2007 08/15/2007 05/15/2007
Prin Window 24 32 37 40 42 39
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
ASSUMPTIONS MONEY MARKET CURVE AS OF 08/22/00 TREASURY CURVE AS OF 08/22/00
-----------------------------------------------------------------------------------------------------------------------------------
1% CLEANUP CALL IS NOT EXERCISED TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
----------------------------------------------------------------
<S> <C> <C> <C> <C>
Initial Balance is as of September 1st, 2000 1/12 5.44 1/4 6.27
Prepay Rates are a Constant % of CPR 1/4 5.84 1/2 6.35
100% of All Prepayment Premiums are assumed to be collected 1/2 6.09 1 6.17
Prepayment Premiums are allocated to one or more classes 1 5.99 2 6.25
of the offered certificates as described under "Description of the
Certificates-Distributions 2 6.08 5 6.07
Distributions of Prepayment Premiums" in the Prospectus Supplement 5 6.08 10 5.78
No Extensions on any Mortgage Loan 30 5.71
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
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA]
<PAGE> 55
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PRICE/YIELD TABLE - CLASS A-3B
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-1 Initial Balance: 19,967,220
Settlement Date: 09/27/2000 Initial Pass-Throu 7.4760%
Accrual Start Date: 09/01/2000
First Pay Date: 10/15/2000
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Prepayment (CPR) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Group A
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Group B
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
99-0.0 7.72 7.72 7.72 7.72 7.73 7.73
99-4.0 7.69 7.70 7.70 7.70 7.70 7.71
99-8.0 7.67 7.68 7.68 7.68 7.68 7.69
99-12.0 7.65 7.65 7.66 7.66 7.66 7.66
99-16.0 7.63 7.63 7.63 7.64 7.64 7.64
99-20.0 7.61 7.61 7.61 7.61 7.61 7.62
99-24.0 7.59 7.59 7.59 7.59 7.59 7.60
99-28.0 7.56 7.57 7.57 7.57 7.57 7.57
100-0.0 7.54 7.55 7.55 7.55 7.55 7.55
100-4.0 7.52 7.52 7.52 7.52 7.53 7.53
100-8.0 7.50 7.50 7.50 7.50 7.50 7.51
100-12.0 7.48 7.48 7.48 7.48 7.48 7.48
100-16.0 7.46 7.46 7.46 7.46 7.46 7.46
100-20.0 7.44 7.44 7.44 7.44 7.44 7.44
100-24.0 7.42 7.42 7.41 7.41 7.41 7.42
100-28.0 7.39 7.39 7.39 7.39 7.39 7.39
101-0.0 7.37 7.37 7.37 7.37 7.37 7.37
WAL (Yrs) 8.03 7.83 7.74 7.66 7.59 7.49
Mod Dur 5.82 5.72 5.67 5.62 5.58 5.53
First Prin Date 12/15/2007 10/15/2007 10/15/2007 10/15/2007 08/15/2007 05/15/2007
Final Prin Date 10/15/2009 10/15/2009 10/15/2009 10/15/2009 10/15/2009 10/15/2009
Prin Window 23 25 25 25 27 30
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Assumptions Money Market Curve as of 08/22/00 Treasury Curve as of 08/22/00
-----------------------------------------------------------------------------------------------------------------------------------
1% Cleanup Call is Not Exercised Term (Yrs) Yield (BEY%) Term (Yrs) Yield (BEY%)
-------------------------------------------------------------------
<S> <C> <C> <C> <C>
Initial Balance is as of September 1st, 2000 1/12 5.44 1/4 6.27
Prepay Rates are a Constant % of CPR 1/4 5.84 1/2 6.35
100% of All Prepayment Premiums are assumed to be collected 1/2 6.09 1 6.17
Prepayment Premiums are allocated to one or more classes 1 5.99 2 6.25
of the offered certificates as described under "Description of the
Certificates-Distributions- 2 6.08 5 6.07
Distributions of Prepayment Premiums" in the Prospectus Supplement 5 6.08 10 5.78
No Extensions on any Mortgage Loan 30 5.71
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
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA]
<PAGE> 56
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PRICE/YIELD TABLE - CLASS B
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-1 Initial Balance: 40,999,766
Settlement Date: 09/27/2000 Initial Pass-Through Rate: 7.5800%
Accrual Start Date: 09/01/2000
First Pay Date: 10/15/2000
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
Prepayment (CPR) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Group A
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Group B
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
99-16.0 7.73 7.73 7.73 7.73 7.73 7.73
99-20.0 7.71 7.71 7.71 7.71 7.71 7.71
99-24.0 7.69 7.69 7.69 7.69 7.69 7.69
99-28.0 7.67 7.67 7.67 7.67 7.67 7.67
100-0.0 7.65 7.65 7.65 7.65 7.65 7.65
100-4.0 7.63 7.63 7.63 7.63 7.63 7.63
100-8.0 7.61 7.61 7.61 7.61 7.61 7.61
100-12.0 7.60 7.60 7.60 7.60 7.60 7.60
100-16.0 7.58 7.58 7.58 7.58 7.58 7.58
100-20.0 7.56 7.56 7.56 7.56 7.56 7.56
100-24.0 7.54 7.54 7.54 7.54 7.54 7.54
100-28.0 7.52 7.52 7.52 7.52 7.52 7.52
101-0.0 7.50 7.50 7.50 7.50 7.50 7.50
101-4.0 7.48 7.48 7.48 7.48 7.48 7.48
101-8.0 7.46 7.46 7.46 7.46 7.46 7.46
101-12.0 7.44 7.44 7.44 7.44 7.44 7.44
101-16.0 7.42 7.42 7.42 7.42 7.42 7.42
WAL (Yrs) 9.05 9.05 9.05 9.05 9.05 9.05
Mod Dur 6.33 6.33 6.33 6.33 6.33 6.33
First Prin Date 10/15/2009 10/15/2009 10/15/2009 10/15/2009 10/15/2009 10/15/2009
Final Prin Date 10/15/2009 10/15/2009 10/15/2009 10/15/2009 10/15/2009 10/15/2009
Prin Window 1 1 1 1 1 1
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
ASSUMPTIONS MONEY MARKET CURVE AS OF 08/22/00 TREASURY CURVE AS OF 08/22/00
----------------------------------------------------------------------------------------------------------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
-------------------------------------------------------------------
<S> <C> <C> <C> <C>
Initial Balance is as of September 1st, 2000 1/12 5.44 1/4 6.27
Prepay Rates are a Constant % of CPR 1/4 5.84 1/2 6.35
100% of All Prepayment Premiums are assumed to be collected 1/2 6.09 1 6.17
Prepayment Premiums are allocated to one or more classes 1 5.99 2 6.25
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 6.08 5 6.07
Distributions of Prepayment Premiums" in the
Prospectus Supplement. 5 6.08 10 5.78
No Extensions on any Mortgage Loan 30 5.71
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
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 57
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PRICE/YIELD TABLE - CLASS C
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-1 Initial Balance: 35,142,657
Settlement Date: 09/27/2000 Initial Pass-Through Rate: 7.6870%
Accrual Start Date: 09/01/2000
First Pay Date: 10/15/2000
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
Prepayment (CPR) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Group A
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Group B
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
99-8.0 7.88 7.88 7.88 7.88 7.88 7.88
99-12.0 7.86 7.86 7.86 7.86 7.86 7.86
99-16.0 7.84 7.84 7.84 7.84 7.84 7.84
99-20.0 7.82 7.82 7.82 7.82 7.82 7.82
99-24.0 7.80 7.80 7.80 7.80 7.80 7.80
99-28.0 7.78 7.78 7.78 7.78 7.78 7.78
100-0.0 7.76 7.76 7.76 7.76 7.76 7.76
100-4.0 7.74 7.74 7.74 7.74 7.74 7.74
100-8.0 7.72 7.72 7.72 7.72 7.72 7.72
100-12.0 7.70 7.70 7.70 7.70 7.70 7.70
100-16.0 7.69 7.69 7.69 7.69 7.69 7.69
100-20.0 7.67 7.67 7.67 7.67 7.67 7.67
100-24.0 7.65 7.65 7.65 7.65 7.65 7.65
100-28.0 7.63 7.63 7.63 7.63 7.63 7.63
101-0.0 7.61 7.61 7.61 7.61 7.61 7.61
101-4.0 7.59 7.59 7.59 7.59 7.59 7.59
101-8.0 7.57 7.57 7.57 7.57 7.57 7.57
WAL (Yrs) 9.07 9.07 9.07 9.07 9.07 9.07
Mod Dur 6.31 6.31 6.31 6.31 6.30 6.30
First Prin Date 10/15/2009 10/15/2009 10/15/2009 10/15/2009 10/15/2009 10/15/2009
Final Prin Date 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009
Prin Window 2 2 2 2 2 2
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
ASSUMPTIONS MONEY MARKET CURVE AS OF 08/22/00 TREASURY CURVE AS OF 08/22/00
----------------------------------------------------------------------------------------------------------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
-------------------------------------------------------------------
<S> <C> <C> <C> <C>
Initial Balance is as of September 1st, 2000 1/12 5.44 1/4 6.27
Prepay Rates are a Constant % of CPR 1/4 5.84 1/2 6.35
100% of All Prepayment Premiums are assumed to be collected 1/2 6.09 1 6.17
Prepayment Premiums are allocated to one or more classes 1 5.99 2 6.25
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 6.08 5 6.07
Distributions of Prepayment Premiums" in the
Prospectus Supplement. 5 6.08 10 5.78
No Extensions on any Mortgage Loan 30 5.71
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
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 58
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PRICE/YIELD TABLE - CLASS D
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-1 Initial Balance: 11,714,219
Settlement Date: 09/27/2000 Initial Pass-Through Rate: 7.6688%
Accrual Start Date: 09/01/2000
First Pay Date: 10/15/2000
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Prepayment (CPR) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Group A
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Group B
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
99-0.0 7.99 7.99 7.99 7.99 7.99 7.99
99-4.0 7.97 7.97 7.97 7.97 7.97 7.97
99-8.0 7.95 7.95 7.95 7.95 7.95 7.95
99-12.0 7.93 7.93 7.93 7.93 7.93 7.93
99-16.0 7.91 7.91 7.91 7.91 7.91 7.91
99-20.0 7.89 7.89 7.89 7.89 7.89 7.89
99-24.0 7.87 7.87 7.87 7.87 7.87 7.87
99-28.0 7.85 7.85 7.85 7.85 7.85 7.85
100-0.0 7.83 7.83 7.83 7.83 7.83 7.83
100-4.0 7.81 7.81 7.81 7.81 7.81 7.81
100-8.0 7.79 7.79 7.79 7.79 7.79 7.79
100-12.0 7.78 7.77 7.77 7.77 7.77 7.77
100-16.0 7.76 7.75 7.75 7.75 7.75 7.75
100-20.0 7.74 7.73 7.73 7.73 7.73 7.73
100-24.0 7.72 7.71 7.71 7.71 7.71 7.71
100-28.0 7.70 7.70 7.69 7.69 7.69 7.69
101-0.0 7.68 7.68 7.68 7.67 7.67 7.67
WAL (Yrs) 9.13 9.13 9.13 9.13 9.13 9.13
Mod Dur 6.31 6.32 6.32 6.32 6.32 6.32
First Prin Date 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009
Final Prin Date 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009
Prin Window 1 1 1 1 1 1
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
ASSUMPTIONS MONEY MARKET CURVE AS OF 08/22/00 TREASURY CURVE AS OF 08/22/00
-----------------------------------------------------------------------------------------------------------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
-----------------------------------------------------------------
<S> <C> <C> <C> <C>
Initial Balance is as of September 1st, 2000 1/12 5.44 1/4 6.27
Prepay Rates are a Constant % of CPR 1/4 5.84 1/2 6.35
100% of All Prepayment Premiums are assumed to be collected 1/2 6.09 1 6.17
Prepayment Premiums are allocated to one or more classes 1 5.99 2 6.25
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 6.08 5 6.07
Distributions of Prepayment Premiums" in the Prospectus Supplement. 5 6.08 10 5.78
No Extensions on any Mortgage Loan 30 5.71
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
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 59
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PRICE/YIELD TABLE - CLASS E
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-1 Initial Balance: 27,333,177
Settlement Date: 09/27/2000 Initial Pass-Through Rate: 7.7488%
Accrual Start Date: 09/01/2000
First Pay Date: 10/15/2000
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Prepayment (CPR) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Group A
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Group B
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
97-10.0 8.35 8.35 8.35 8.34 8.34 8.34
97-14.0 8.33 8.33 8.33 8.32 8.32 8.32
97-18.0 8.31 8.31 8.30 8.30 8.30 8.30
97-22.0 8.29 8.29 8.28 8.28 8.28 8.28
97-26.0 8.27 8.27 8.26 8.26 8.26 8.26
97-30.0 8.25 8.24 8.24 8.24 8.24 8.24
98-2.0 8.23 8.22 8.22 8.22 8.22 8.22
98-6.0 8.21 8.20 8.20 8.20 8.20 8.20
98-10.0 8.19 8.18 8.18 8.18 8.18 8.18
98-14.0 8.17 8.16 8.16 8.16 8.16 8.16
98-18.0 8.15 8.14 8.14 8.14 8.14 8.14
98-22.0 8.13 8.12 8.12 8.12 8.12 8.12
98-26.0 8.11 8.10 8.10 8.10 8.10 8.10
98-30.0 8.09 8.08 8.08 8.08 8.08 8.08
99-2.0 8.07 8.06 8.06 8.06 8.06 8.06
99-6.0 8.05 8.04 8.04 8.04 8.04 8.04
99-10.0 8.03 8.02 8.02 8.02 8.02 8.02
WAL (Yrs) 9.13 9.13 9.13 9.13 9.13 9.13
Mod Dur 6.26 6.26 6.26 6.26 6.26 6.26
First Prin Date 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009
Final Prin Date 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009
Prin Window 1 1 1 1 1 1
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
ASSUMPTIONS MONEY MARKET CURVE AS OF 08/22/00 TREASURY CURVE AS OF 08/22/00
-----------------------------------------------------------------------------------------------------------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
---------------------------------------------------------------
<S> <C> <C> <C> <C>
Initial Balance is as of September 1st, 2000 1/12 5.44 1/4 6.27
Prepay Rates are a Constant % of CPR 1/4 5.84 1/2 6.35
100% of All Prepayment Premiums are assumed to be collected 1/2 6.09 1 6.17
Prepayment Premiums are allocated to one or more classes 1 5.99 2 6.25
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 6.08 5 6.07
Distributions of Prepayment Premiums" in the Prospectus Supplement. 5 6.08 10 5.78
No Extensions on any Mortgage Loan 30 5.71
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
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 60
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PRICE/YIELD TABLE - CLASS F
<TABLE>
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-1 Initial Balance: 11,714,219
Settlement Date: 09/27/2000 Initial Pass-Through Rate: 7.7488%
Accrual Start Date: 09/01/2000
First Pay Date: 10/15/2000
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
Prepayment (CPR) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Group A
During YM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Group B
During YM 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
During Open/Fixed Penalty 0.00% 3.00% 4.50% 6.00% 7.50% 9.00%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
95-16.0 8.65 8.65 8.65 8.65 8.64 8.64
95-20.0 8.63 8.63 8.63 8.62 8.62 8.62
95-24.0 8.61 8.61 8.60 8.60 8.60 8.60
95-28.0 8.59 8.58 8.58 8.58 8.58 8.58
96-0.0 8.57 8.56 8.56 8.56 8.56 8.56
96-4.0 8.54 8.54 8.54 8.54 8.54 8.54
96-8.0 8.52 8.52 8.52 8.52 8.52 8.52
96-12.0 8.50 8.50 8.50 8.50 8.50 8.50
96-16.0 8.48 8.48 8.48 8.48 8.48 8.48
96-20.0 8.46 8.46 8.46 8.46 8.46 8.46
96-24.0 8.44 8.44 8.44 8.44 8.44 8.44
96-28.0 8.42 8.42 8.42 8.42 8.42 8.42
97-0.0 8.40 8.40 8.40 8.40 8.40 8.39
97-4.0 8.38 8.38 8.38 8.38 8.37 8.37
97-8.0 8.36 8.36 8.36 8.36 8.35 8.35
97-12.0 8.34 8.34 8.34 8.33 8.33 8.33
97-16.0 8.32 8.32 8.32 8.31 8.31 8.31
WAL (Yrs) 9.13 9.13 9.13 9.13 9.13 9.13
Mod Dur 6.22 6.22 6.22 6.22 6.22 6.22
First Prin Date 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009
Final Prin Date 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009 11/15/2009
Prin Window 1 1 1 1 1 1
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
ASSUMPTIONS MONEY MARKET CURVE AS OF 08/22/00 TREASURY CURVE AS OF 08/22/00
----------------------------------------------------------------------------------------------------------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
-------------------------------------------------------------------
<S> <C> <C> <C> <C>
Initial Balance is as of September 1st, 2000 1/12 5.44 1/4 6.27
Prepay Rates are a Constant % of CPR 1/4 5.84 1/2 6.35
100% of All Prepayment Premiums are assumed to be collected 1/2 6.09 1 6.17
Prepayment Premiums are allocated to one or more classes 1 5.99 2 6.25
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 6.08 5 6.07
Distributions of Prepayment Premiums" in the
Prospectus Supplement. 5 6.08 10 5.78
No Extensions on any Mortgage Loan 30 5.71
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
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
<PAGE> 61
BANC OF AMERICA COMMERCIAL MORTGAGE INC.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-1
CLASS A-1A, A-2A, A-1B, A-2B, A-3B, B, C, D, E, F AND X CERTIFICATES
$693,084,792 (APPROXIMATE)
PRICE/YIELD TABLE - CLASS X
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Security ID: Banc of America Commercial Mortgage 00-1 Initial Balance: 771,179,585
Settlement Date: 09/27/2000 Initial Pass-Through Rate: 0.4566%
Accrual Start Date: 09/01/2000
First Pay Date: 10/15/2000
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Prepayment (CPR) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Group A
During YM 0.00% 0.00% 0.00% 0.00% 0.00%
During Open/Fixed Penalty 0.00% 25.00% 50.00% 75.00% 100.00%
Group B
During YM 6.00% 6.00% 6.00% 6.00% 6.00%
During Open/Fixed Penalty 0.00% 25.00% 50.00% 75.00% 100.00%
------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
2-21.0 10.94 10.94 10.93 10.91 10.76
2-21.5 10.77 10.77 10.76 10.75 10.59
2-22.0 10.61 10.60 10.59 10.58 10.43
2-22.5 10.44 10.44 10.43 10.41 10.26
2-23.0 10.28 10.27 10.26 10.25 10.10
2-23.5 10.12 10.11 10.10 10.09 9.93
2-24.0 9.96 9.95 9.94 9.93 9.77
2-24.5 9.80 9.79 9.78 9.77 9.61
2-25.0 9.64 9.63 9.62 9.61 9.45
2-25.5 9.48 9.48 9.47 9.46 9.30
2-26.0 9.33 9.32 9.31 9.30 9.14
2-26.5 9.18 9.17 9.16 9.15 8.99
2-27.0 9.03 9.02 9.01 9.00 8.84
2-27.5 8.87 8.87 8.86 8.85 8.69
2-28.0 8.73 8.72 8.71 8.70 8.54
2-28.5 8.58 8.57 8.56 8.55 8.39
2-29.0 8.43 8.42 8.42 8.40 8.24
WAL (Yrs) 7.68 7.67 7.66 7.65 7.56
Mod Dur 3.54 3.54 3.54 3.54 3.53
First Prin Date 10/15/2000 10/15/2000 10/15/2000 10/15/2000 10/15/2000
Final Prin Date 03/15/2014 03/15/2014 03/15/2014 03/15/2014 12/15/2013
Prin Window 162 162 162 162 159
-------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
ASSUMPTIONS MONEY MARKET CURVE AS OF 08/22/00 TREASURY CURVE AS OF 08/22/00
----------------------------------------------------------------------------------------------------------------------------------
1% Cleanup Call is Not Exercised TERM (YRS) YIELD (BEY%) TERM (YRS) YIELD (BEY%)
-------------------------------------------------------------------
<S> <C> <C> <C> <C>
Initial Balance is as of September 1st, 2000 1/12 5.44 1/4 6.27
Prepay Rates are a Constant % of CPR 1/4 5.84 1/2 6.35
100% of All Prepayment Premiums are assumed to be collected 1/2 6.09 1 6.17
Prepayment Premiums are allocated to one or more classes 1 5.99 2 6.25
of the offered certificates as described under
"Description of the Certificates-Distributions- 2 6.08 5 6.07
Distributions of Prepayment Premiums" in the
Prospectus Supplement. 5 6.08 10 5.78
No Extensions on any Mortgage Loan 30 5.71
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
(the "Underwriter") is 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 Underwriter considers
reliable, but the Underwriter does 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 Underwriter makes 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 Underwriter and its
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 Underwriter 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 Underwriter is acting as
underwriter and not acting as agent for the issuer in connection with the
proposed transaction.
BANC OF AMERICA SECURITIES LLC [BANK OF AMERICA LOGO]
