DBRS Assigns Interest in Arrears to Classes E through P of MLMT 2005-CIP1

On October 19, 2010, DBRS placed Classes M through P on Interest in Arrears, on November 17, 2010, DBRS placed Classes G through L on Interest in Arrears and DBRS is now placing Classes E and F on Interest in Arrears.

The increase in interest shortfalls since December 2010 is due to the appraisal reduction on three loans: Prospectus ID#2, Highwoods Portfolio57; Prospectus ID#29, Courtyard Marriott Parsippany; and Prospectus ID#83, Englishtown Industrial Park.

This transaction is currently under further review by DBRS due to these and other developments with the specially serviced loans in the pool and a full update will be issued shortly.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodologies are CMBS Rating Methodology and CMBS Surveillance, which can be found on our website under Methodologies.