Subject: CMBS Pricing (PRICE)

   ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-175.0030.004.14AAAAAAAaa+17swapsA-1A514.0030.009.35AAAAAAAaaNAswapsA-2725.3030.004.85AAAAAAAaa+23swapsA-3246.6130.006.62AAAAAAAaa+35swapsA-AB72.0030.007.41AAAAAAAaa+27swapsA-43,661.0330.009.72AAAAAAAaa+28swapsA-M756.2820.009.86AAAAAAAaa+32swapsA-J519.9413.1259.92AAAAAAAaa+37swapsB75.6312.1259.92AA+AA+Aa1+46swapsC94.5410.8759.92AAAAAa2+49swapsD56.7210.1259.92AA-AA-Aa3+55swapsE56.729.3759.92A+A+A1+60swapsF75.638.3759.92AAA2+69swapsG75.837.3759.98A-A-A3+78swapsH103.996.0010.00BBB+BBB+Baa1+125swapsJ95.564.7510.00BBBBBBBaa2+180swapsK76.453.7510.00BBB-BBB-Baa3+250swapsL37.813.2510.00BB+BB+Ba1NATreasM18.913.0010.00BBBBBa2NATreasN28.362.62510.00BB-BB-Ba3NATreasO18.912.37510.00B+B+B1NATreasP18.912.12510.00BBB2NATreasQ18.911.87510.00B-B-B3NATreasS141.800.0010.08NRNRNRNATreasX7,562.77*NANAAAAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: 7,562.8 millionBookrunner(s): RBS Greenwich Capital, Goldman SachsLead Managers: RBS Greenwich Capital, Goldman SachsCo-managers: Bear Stearns, Merrill Lynch, Morgan Stanley, Wachovia SecuritiesB-piece Buyer: CWCapitalMaster Servicer: Wachovia BankSpecial Servicer: CWCapital Asset Management Trustee: Wells ...

Marriott International has priced $350 million of unsecured notes through underwriters led by Merrill Lynch and Barclays Capital.The Washington hotel company priced the notes, which carry a 6.375 percent coupon and June 15, 2017, maturity, at 99.501 percent of par ...

Marriott International has priced $350 million of unsecured notes through underwriters led by Merrill Lynch and Barclays Capital.The Washington hotel company priced the notes, which carry a 6.375 percent coupon and June 15, 2017, maturity, at 99.501 percent of par ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sRatingFitchFinalPricing (bp)BnchmarkA-11,036.0841.1251.77AAAAaaAAA+8LiborA-2345.3621.501.88AAAAaaAAA+14LiborB61.5918.001.96AA+Aa1AA++20LiborC47.5115.301.96AA+NRAA++25LiborD71.1611.262.28AANRAA+30LiborE46.608.612.96AA-NRAA-+40LiborF46.605.963.01A+NRA++48LiborG46.613.313.05ANRA+55LiborH30.451.583.05A-NRA-+60LiborJ10.141.013.05BBB+NRBBB++65LiborK5.200.713.05BBBNRBBB+125LiborL12.500.003.05BBB-NRBBB-+175LiborX-1A1,486.89*NANAAAAAaaAAANALiborX-1B1,759.80*NANAAAAAaaAAANALiborLXR154.40NA1.88NRBaa2BBB++70LiborLXR272.60NA1.88NRBaa3BBB-+80LiborAP-14.30NA1.88BBBBaa2BBB+70LiborAP-211.15NA1.88BBB-Baa3BBB-+80LiborAP-317.80NA1.88BB+Ba1NR+100LiborAP-42.76NA1.88BBBa2NR+130LiborLP-13.80NA1.96BBBNRBBB+83LiborLP-29.10NA1.96BBB-NRBBB-+100LiborLP-32.10NA1.96BB+Ba1BB++135LiborFA7.50NA1.21NRBaa2BBB-+70LiborHH-13.80NA3.05BBB-Baa3BBB-+85LiborHH-24.79NA3.05BBB-NRNR+105LiborFSN13.30NA1.30BB+Ba1BB++130LiborFSN24.06NA1.30BBBa2NR+150LiborMH-13.60NA3.05BBB-Baa3BBB-+80LiborMH-23.05NA3.05BBB-NRNR+105Libor*Notional amount, interest onlyCollateral balance: $1,968.06 millionBookrunner(s): Wachovia Securities, Bear StearnsLead Managers: Wachovia Securities, Bear StearnsMaster Servicer: Wachovia BankSpecial Servicer: Wachovia BankTrustee: LaSalle BankOriginators: Wachovia Bank (86.2 percent), Bear Stearns (13.8 percent)Number of Loans/Properties: 10/89Property Types: Hotel ...

HRPT Properties Trust has priced $250 million of senior unsecured notes through underwriters led by bookrunners Wachovia Securities, Banc of America Securities and RBC Capital Markets.The Newton, Mass., REIT priced the notes, which mature June 15, 2017, at 99.79 percent ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-125.0030.002.7AAAAaa+11swapsA1-A1509.1430.008.5AAAAaaNAswapsA1-A2200.0030.009.8AAAAaa+6swapsA-2392.0030.004.8AAAAaa+22swapsA-348.5930.006.9AAAAaa+32swapsA-AB61.6330.007.3AAAAaa+27swapsA-4643.0030.009.7AAAAaa+27swapsA-M268.4820.009.9AAAAaa+31swapsA-J201.3612.509.9AAAAaa+35swapsB16.7811.8759.9AA+Aa1+40swapsC40.2710.3759.9AAAa2+43swapsD26.849.37510.0AA-Aa3+49swapsE20.148.26510.0A+A1+56swapsF23.497.7510.0AA2+62swapsG30.206.62510.0A-A3+72swapsH33.565.37510.0BBB+Baa1+105swapsJ30.204.2510.0BBBBaa2+135swapsK30.203.12510.0BBB-Baa3+210swapsL10.072.75NABB+Ba1NATreasM6.712.5NABBBa2NATreasN10.072.125NABB-Ba3NATreasO6.711.875NAB+B1NATreasP6.711.625NABB2NATreasQ10.071.25NAB-B3NATreasS6.711.00NACCCCaa2NATreasT26.850.00NANRNRNATreasA-X2,684.79*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $2,684.79 millionBookrunner(s): Credit Suisse SecuritiesLead Managers: Credit Suisse SecuritiesCo-managers: KeyBanc Capital Markets, Banc of America Securities, RBS Greenwich Capital MarketsB-piece Buyer: LNR Securities HoldingsMaster Servicer: KeyCorp Real Estate; Wachovia BankSpecial Servicer: LNR ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sRatingFitchFinalPricing (bp)BnchmarkA-11,036.0841.1251.77AAAAaaAAA+8LiborA-2345.3621.501.88AAAAaaAAA+14LiborB61.5918.001.96AA+Aa1AA++20LiborC47.5115.301.96AA+NRAA++25LiborD71.1611.262.28AANRAA+30LiborE46.608.612.96AA-NRAA-+40LiborF46.605.963.01A+NRA++48LiborG46.613.313.05ANRA+55LiborH30.451.583.05A-NRA-+60LiborJ10.141.013.05BBB+NRBBB++65LiborK5.200.713.05BBBNRBBB+125LiborL12.500.003.05BBB-NRBBB-+175LiborX-1A1,486.89*NANAAAAAaaAAANALiborX-1B1,759.80*NANAAAAAaaAAANALiborLXR154.40NA1.88NRBaa2BBB++70LiborLXR272.60NA1.88NRBaa3BBB-+80LiborAP-14.30NA1.88BBBBaa2BBB+70LiborAP-211.15NA1.88BBB-Baa3BBB-+80LiborAP-317.80NA1.88BB+Ba1NR+100LiborAP-42.76NA1.88BBBa2NR+130LiborLP-13.80NA1.96BBBNRBBB+83LiborLP-29.10NA1.96BBB-NRBBB-+100LiborLP-32.10NA1.96BB+Ba1BB++135LiborFA7.50NA1.21NRBaa2BBB-+70LiborHH-13.80NA3.05BBB-Baa3BBB-+85LiborHH-24.79NA3.05BBB-NRNR+105LiborFSN13.30NA1.30BB+Ba1BB++130LiborFSN24.06NA1.30BBBa2NR+150LiborMH-13.60NA3.05BBB-Baa3BBB-+80LiborMH-23.05NA3.05BBB-NRNR+105Libor*Notional amount, interest onlyCollateral balance: $1,968.06 millionBookrunner(s): Wachovia Securities, Bear StearnsLead Managers: Wachovia Securities, Bear StearnsMaster Servicer: Wachovia BankSpecial Servicer: Wachovia BankTrustee: LaSalle BankOriginators: Wachovia Bank (86.2 percent), Bear Stearns (13.8 percent)Number of Loans/Properties: 10/89Property Types: Hotel ...

HRPT Properties Trust has priced $250 million of senior unsecured notes through underwriters led by bookrunners Wachovia Securities, Banc of America Securities and RBC Capital Markets.The Newton, Mass., REIT priced the notes, which mature June 15, 2017, at 99.79 percent ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-125.0030.002.7AAAAaa+11swapsA1-A1509.1430.008.5AAAAaaNAswapsA1-A2200.0030.009.8AAAAaa+6swapsA-2392.0030.004.8AAAAaa+22swapsA-348.5930.006.9AAAAaa+32swapsA-AB61.6330.007.3AAAAaa+27swapsA-4643.0030.009.7AAAAaa+27swapsA-M268.4820.009.9AAAAaa+31swapsA-J201.3612.509.9AAAAaa+35swapsB16.7811.8759.9AA+Aa1+40swapsC40.2710.3759.9AAAa2+43swapsD26.849.37510.0AA-Aa3+49swapsE20.148.26510.0A+A1+56swapsF23.497.7510.0AA2+62swapsG30.206.62510.0A-A3+72swapsH33.565.37510.0BBB+Baa1+105swapsJ30.204.2510.0BBBBaa2+135swapsK30.203.12510.0BBB-Baa3+210swapsL10.072.75NABB+Ba1NATreasM6.712.5NABBBa2NATreasN10.072.125NABB-Ba3NATreasO6.711.875NAB+B1NATreasP6.711.625NABB2NATreasQ10.071.25NAB-B3NATreasS6.711.00NACCCCaa2NATreasT26.850.00NANRNRNATreasA-X2,684.79*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $2,684.79 millionBookrunner(s): Credit Suisse SecuritiesLead Managers: Credit Suisse SecuritiesCo-managers: KeyBanc Capital Markets, Banc of America Securities, RBS Greenwich Capital MarketsB-piece Buyer: LNR Securities HoldingsMaster Servicer: KeyCorp Real Estate; Wachovia BankSpecial Servicer: LNR ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-150.0020.003.16AAAAaa+21swapsA-1A529.7020.00NAAAAAaaNAswapsA-2231.5020.005.75AAAAaa+43swapsA-J105.209.6256.61AAAAaa+48swapsB15.208.1257.08AAAa2+55swapsC17.706.3757.40AA2+75swapsD20.304.3758.47BBB+Baa1+120swapsE10.103.3759.11BBBBaa2+150swapsF7.602.6259.21BBB-Baa3+225swaps*Notional amount, interest onlyCollateral balance: $1,014 billionBookrunner(s): Morgan StanleyLead Managers: Morgan Stanley, Sovereign Securities Corp.Master Servicer: Capmark FinanceSpecial Servicer: Sovereign BankTrustee: Wells Fargo BankOriginators: Sovereign Bank (100 percent)Number of Loans/Properties: 264/313Top-10 Concentration: 18.4 percentProperty Types: Multifamily (38.8 ...