Source ST1. Merrill Lynch ML-CFC 2007-5 final prospectus, March 2007. Annex C, Peter Cooper Village and Stuyvesant Town. Faithful transcriptions of selected filing rows, units as printed. The prospectus is a filed offering document, not independently audited property collections.

PROPERTY INFORMATION
Size (Units) 11,227
Percentage Physical Occupancy as of November 2006 98.3%
Appraisal Value (As-Is) as of November 1, 2006 $5,400,000,000
Appraisal Value (As-Stabilized) as of January 1, 2011 $6,900,000,000
Average Monthly Rent Per Unit $1,707
Underwritten Revenues $481,725,392
Underwritten Total Expenses $145,569,012
Underwritten Net Operating Income (NOI) $336,156,380
2006 NOI $112,242,474
2005 NOI $98,862,497
2004 NOI $92,102,906

MORTGAGE LOAN INFORMATION
Origination Date November 17, 2006
Cut-off Date Principal Balance $800,000,000 (1)
Mortgage Rate 6.4340%
Amortization Type Interest Only
IO Period (Months) 120
Original Term to Maturity (Months) 120
Underwritten DSCR on NOI 1.71x (1),(2)

Footnote (1): The Peter Cooper Village and Stuyvesant Town loan was originated in the amount of $3,000,000,000 of which $800,000,000 is included in the trust. Calculations of LTV, DSCR and loan balance per unit are based on the whole loan amount.
Footnote (2), closely abridged: underwritten NOI and DSCR rely on cash flows for 2011, including conversion of rent-stabilized units to deregulated units, resulting in 6,397 deregulated units by January 1, 2011, and projected increases in improvements, retail/professional/parking revenue and real estate tax expense. A lower conversion rate would negatively affect underwritten coverage.

MEZZANINE LOANS, Annex C: Original mezzanine loan amount $1,400,000,000, interest rate 6.277%; the $3,000,000,000 mortgage and $1,400,000,000 mezzanine are different layers. Do not apply the mezzanine rate to the mortgage or treat the $800,000,000 trust note as the whole mortgage.