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Remittance Date : Dec 15, 2009

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    DELINQUENT & SPECIALLY-SERVICED SUMMARY

    # ofCur.Bal.

    %of

    TotalAppr.

    Red.Surv. Proj.

    Loss ($MM)Delq.Last

    2007

    Loans $MM Deal Exp. $MM36

    MthsTotal Yr. Mo. Avg

    REO 1 15.69 0.5 16.53 5.58 7.06 7.06 - - 0.1

    BK-Delq 1 6.40 0.2 6.49 - 1.28 1.28 - - 0.5

    FCL 6 33.99 1.1 36.28 8.22 17.23 17.23 - - 2.2

    90+ days 2 15.55 0.5 16.73 6.80 5.41 5.41 - - 1.4

    60 days 1 11.00 0.4 11.16 - 5.50 5.50 - - 0.9

    30 days 3 271.47 8.8 273.24 - 88.00 88.00 - - 0.6

    Total Delq 14 354.09 11.4 360.43 20.59 124.48 124.48 - - 5.5

    BK-Cur 0 - - - - - - - - 0.6

    SS-Cur 3 56.79 1.8 57.04 - - - - - 3.8

    Mod-Cur 0 - - - - - - - - 0.0

    Total Delq

    + SS17 410.89 13.3 417.47 20.59 124.48 124.48 - - 9.9

    Property Type

    Current Cutoff

    Property Type # Prop $MM % % Bal

    Office 40 997.55 32.2 31.99

    Multifamily 31 638.08 20.6 20.44

    Industrial 57 438.34 14.2 14.82

    Retail 36 436.39 14.1 13.99

    Mixed Use 1 220.00 7.1 6.99

    Hotel 9 145.75 4.7 4.74

    Retail - Single Tenant 25 104.31 3.4 3.37

    Self Storage 14 66.07 2.1 2.11

    Manufactured Housing 3 24.97 0.8 0.80

    Other 3 23.33 0.8 0.76

    Total 219 3,094.79 100.0 100.00

    State Distribution

    Current Cutoff

    State # Prop $MM % % Bal

    CA 21 575.73 18.6 18.37

    NY 17 408.71 13.2 13.03

    VA 14 402.47 13.0 12.82

    TX 19 314.46 10.2 10.13

    MD 7 266.42 8.6 8.48

    OH 22 253.36 8.2 8.22

    IN 14 102.59 3.3 3.63

    TN 5 77.59 2.5 2.47

    FL 8 65.26 2.1 2.13

    Other 92 628.19 20.3 20.72

    Total 219 3,094.79 100.0 100.00

    Gr

    To

    Life

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    Remittance Date : Dec 15, 2009Last Checked: > 3 months BACM 07-1 (CMBX.3) BARCLAYS CAPITAL - CMBS SURVEILLANCE

    Top Loans/Shadow Rated Loans - Details

    Loan Name Prosp State Prop # of # of Cutoff Cur Bal % of % % LO/Def Penalty/YM Maturity Cutoff Total Inv -- O

    ID Type Loans Prop Bal $MM $MM Deal AM Defeased End End LTV Loan Grade Mo

    Skyline Portfolio 1 VA OF 1 8 271.20 271.20 8.8 0.0 0.0 08/16 02/17 77.8 YSolana 2 TX MU 1 1 220.00 220.00 7.1 0.0 0.0 08/13 12/13 71.3 Y

    StratReal Industrial Portfolio I 3 Various IN 1 12 190.00 190.00 6.1 0.0 0.0 09/16 01/17 82.2

    Hirschfeld Portfolio 6 MD MF 1 4 167.00 167.00 5.4 0.0 0.0 03/12 01/13 78.4

    Pacific Shores 7 CA OF 1 1 165.88 165.88 5.4 0.0 0.0 12/08 05/11 01/12 55.0 Y

    575 Lexington Avenue 8 NY OF 1 1 162.50 162.50 5.3 0.0 0.0 03/13 10/13 74.9 Y

    Inland - Bradley Portfolio 4,5 Various Various 2 26 184.81 156.61 5.1 15.3 0.0 Various 09/16 01/17 54.3 Y B

    Tanforan Shopping Center 9 CA RT 1 1 144.00 144.00 4.7 0.0 0.0 12/16 02/17 77.2

    Sussex Commons I & II 10 VA MF 1 1 102.58 102.58 3.3 0.0 0.0 08/11 01/12 66.6

    1412 Broadway 11 NY OF 1 1 102.00 102.00 3.3 0.0 0.0 08/11 12/11 56.8

    TOTAL : Top Ten 11 56 1,709.96 1,681.76 54.3 1.6 0.0 70.8

    University View 12 MD MS 1 1 80.75 80.75 2.6 0.0 0.0 06/16 01/17 79.2

    Hotel Solamar 13 CA LO 1 1 60.90 60.90 2.0 0.0 0.0 04/13 12/13 67.5

    PNA Portfolio 17,19,20,14,15,18,16 Various IN 7 18 49.76 47.32 1.5 4.9 0.0 Various Various 10/16 73.4

    311 West 50th Street 21 NY MF 1 1 47.00 47.00 1.5 0.0 0.0 06/16 01/17 79.1

    Indian Hills Apartments 22 OH MF 1 1 46.50 45.97 1.5 1.1 0.0 08/16 01/17 78.7

    Lowe 6th Street Properties 23 CA IN 1 1 39.00 39.00 1.3 0.0 0.0 08/16 01/17 79.6

    Marketplace at Hamden 24 CT RT 1 1 32.40 32.40 1.0 0.0 0.0 12/08 08/16 01/17 64.0

    Forum IV at Olympia Parkway 25 TX RT 1 1 31.20 31.20 1.0 0.0 0.0 09/16 01/17 78.0Causeway Plaza 26 LA OF 1 1 30.00 29.64 1.0 1.2 0.0 08/16 12/16 73.7

    BMW Financial Services Building 27 OH OF 1 1 28.96 28.96 0.9 0.0 0.0 09/20 02/21 79.1

    TOTAL : ALL 27 83 2,156.43 2,124.90 68.7 1.5 0.0 71.7 5.1%

    *** Shadow Rating Key: HIG = High Investment Grade, IG = Investment Grade and NI = Non-Investment Grade

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    Remittance Date : Dec 15, 2009Last Checked: > 3 months BACM 07-1 (CMBX.3) BARCLAYS CAPITAL - CMBS SURVEILLANCE

    DELINQUENCY HISTORY

    DistributionDate

    Cur Bal $MM30 Days 60 Days 90+ Days FCL BK-Delq REO Total

    # $MM % # $MM % # $MM % # $MM % # $MM % # $MM % # $MM %

    12/09 3,094.79 3 271.47 8.8 1 11.00 0.4 2 15.55 0.5 6 33.99 1.1 1 6.40 0.2 1 15.69 0.5 14 354.09 11.4

    11/09 3,095.68 2 17.27 0.6 1 4.44 0.1 3 26.64 0.9 3 12.24 0.4 - - - 1 15.72 0.5 10 76.31 2.5

    10/09 3,096.45 2 13.24 0.4 - - - 3 26.67 0.9 3 12.25 0.4 - - - 1 15.74 0.5 9 67.90 2.2

    09/09 3,097.34 1 4.45 0.1 - - - 3 26.70 0.9 3 12.26 0.4 1 6.40 0.2 1 15.77 0.5 9 65.59 2.1

    08/09 3,098.10 - - - - - - 3 26.72 0.9 3 12.28 0.4 - - - 1 15.80 0.5 7 54.80 1.8

    07/09 3,098.86 - - - - - - 4 30.60 1.0 2 8.43 0.3 - - - 1 15.83 0.5 7 54.86 1.8

    06/09 3,099.73 - - - - - - 4 30.64 1.0 3 24.30 0.8 - - - - - - 7 54.94 1.8

    05/09 3,100.48 - - - 2 12.07 0.4 3 24.91 0.8 3 24.34 0.8 - - - - - - 8 61.32 2.0

    04/09 3,101.34 2 12.09 0.4 2 21.07 0.7 1 3.87 0.1 3 24.38 0.8 - - - - - - 8 61.40 2.0

    03/09 3,104.11 2 21.09 0.7 - - - 1 3.87 0.1 3 26.43 0.9 1 6.40 0.2 - - - 7 57.79 1.9

    02/09 3,105.17 - - - - - - 1 3.88 0.1 3 26.47 0.9 - - - - - - 4 30.34 1.0

    01/09 3,105.89 - - - 1 3.88 0.1 - - - 3 26.49 0.9 - - - - - - 4 30.37 1.0

    Prepayment Penalty Stratification *

    As Of Total Bal Locked Out Yield Maint Fixed Penalty Open

    Date $MM % % % %

    12/09 3,095 80 17 3 -

    12/10 3,095 79 18 3 -

    12/11 2,774 83 14 - 4

    12/12 2,505 85 15 - -

    12/13 2,044 82 18 - -

    12/14 2,043 82 18 - -

    12/15 2,043 82 18 - -

    12/16 848 25 - - 75

    12/17 70 100 - - -

    12/18 45 100 - - -

    *Projected balances include effect of maturity but not loan amortization.

    Historical CPR

    DistributionDate

    1 Mo.CPR %

    Penalty /Prepayt (%)

    12/09 0.00 0.0

    11/09 0.00 0.0

    10/09 0.00 0.0

    09/09 0.00 0.0

    08/09 0.00 0.0

    07/09 0.00 0.0

    06/09 0.00 0.0

    05/09 0.00 0.0

    04/09 0.78 0.0

    03/09 0.00 0.0

    02/09 0.00 0.0

    01/09 10.28 29.5

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    Remittance Date : Dec 15, 2009Last Checked: > 3 months BACM 07-1 (CMBX.3) BARCLAYS CAPITAL - CMBS SURVEILLANCE

    Pro Forma Loans Summary

    DSCR Stratifications

    DSCR (NCF)Cur # of

    LoansCur Bal

    $MM% of

    Cur Bal

    N/A 1 190.00 6.1

    < 1.00 3 172.22 5.6

    1.00 - 1.10 0 0.00 0.0

    1.10 - 1.25 2 438.20 14.2

    1.25 - 1.50 2 34.99 1.1

    1.50 - 2.00 5 244.43 7.9

    2.00 + 0 0.00 0.0

    Total 13 1,079.84 34.9

    NZWA DSCR 1.18

    Delq Status

    # of Cur. Bal. % of

    Loans $MM Deal

    REO 0 -

    BK-Delq 0 -

    FCL 1 5.34

    90+ days 0 -

    60 days 0 -

    30 days 1 220.00

    Total Delq 2 225.34

    BK-Cur 0 -

    SS-Cur 0 -

    Mod-Cur 0 -

    Total Delq + SS 2 225.34

    Property Type

    Current Cutoff

    Property Type # Prop $MM % % Bal

    Office 12 455.03 14.7 14.50

    Mixed Use 1 220.00 7.1 6.99

    Industrial 12 190.00 6.1 6.04

    Multifamily 5 186.00 6.0 5.91

    Retail 3 25.71 0.8 0.84

    Retail - Single Tenant 1 3.09 0.1 0.10

    Total 34 1,079.85 34.9 34.39

    Amortization

    # ofLoans

    Cur Bal$MM

    %Cur

    Balloon 5 44.18

    IO 5 1,010.70 3

    IO - Amort. Balloon 3 24.96

    Total 13 1,079.84 3

    About Proforma:This table notes proforma loans that were underwritten based on projections of future performance rather than historical financials. The following footnotes summarize our methodology in flagging these loans.1. When stabilized underwritten numbers were disclosed in the annex instead of the "as-is" or "in-place" numbers, we replaced the stabilized numbers with the footnoted "as-is" or "in-place" numbers if reported

    calculation and LTV calculation.

    2. When a holdback/earnout was in place and DSCR was calculated based on netting out the holdback, and DSCR based on the entire loan balance was footnoted, we used the DSCR based on the entire loan.

    3. For certain large loans for which more detailed information was available, we noted as proforma the loans secured by properties that either went through substantial renovation or were recently developed, as t

    performance.

    4. For loans that did not have detailed information available but did have recent and/or historical financial information: if we found that underwritten cash flows were significantly higher (more than 20%) than

    that secures the loan was developed or renovated recently (within the past 12 months of securitization), we noted these loans as proforma loans without any adjustments to the DSCR/LTV.

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    Remittance Date : Dec 15, 2009Last Checked: > 3 months BACM 07-1 (CMBX.3) BARCLAYS CAPITAL - CMBS SURVEILLANCE

    Noteworthy Total Loan Detail

    Name D e a l ProspidCutoff Bal

    $MMCurbal

    $MMCutoff

    LTVU/W

    DSCRTrustee Master Servicer Special Servicer

    Skyline Portfolio (Workout Control: BACM07-1 )

    A1 BACM07-1 1 271.20 271.20 77.75 1.24 LaSalle Bank of America CWCapital

    A2 JPMCC07-LDPX 3 203.40 203.40 77.75 1.24 Wells Fargo Midland, Wachovia, Banc of America, Capmark JE Roberts

    A3 GECMC07-C1 4 203.40 203.40 77.75 1.24 Wells Fargo KeyCorp, Bank of America, Wachovia, Midland LNR

    TOTAL 678.00 678.00 77.75 1.24

    Solana (Workout Control: BACM07-1 )

    A1 BACM07-1 2 220.00 220.00 71.34 1.34 LaSalle Bank of America CWCapital

    A2 JPMCC07-LDPX 7 140.00 140.00 71.34 1.34 Wells Fargo Midland, Wachovia, Banc of America, Capmark JE Roberts

    TOTAL 360.00 360.00 71.34 1.34

    Mez - - 35.00 - - - - -

    Pacific Shores (Workout Control: BACM07-1 )

    A1 BACM07-1 7 165.88 165.88 54.98 1.65 LaSalle Bank of America CWCapital

    A2 GECMC07-C1 9 165.88 165.88 54.98 1.65 Wells Fargo KeyCorp, Bank of America, Wachovia, Midland LNR

    TOTAL 331.75 331.75 54.98 1.65

    Mez - - 150.80 - - - - -

    575 Lexington Avenue (Workout Control: BACM07-1 )

    A1 BACM07-1 8 162.50 162.50 74.85 1.08 LaSalle Bank of America CWCapital

    A2 BACM07-2 3 162.50 162.50 74.85 1.08 Wells Fargo Bank of America, Wells Fargo LNR

    TOTAL 325.00 325.00 74.85 1.08Future Mez - - 0.00 - - - - -

    Forest Hills Corporate Center (Workout Control: BACM07-1 )

    A BACM07-1 71 8.79 8.79 77.12 1.20 LaSalle Bank of America CWCapital

    B - - 0.76 - - - - -

    TOTAL 9.55 8.79 - -

    Richmond Ridge Apartments (Workout Control: BACM07-1 )

    A BACM07-1 129 3.20 3.16 80.00 1.20 LaSalle Bank of America CWCapital

    B - - 0.20 - - - - -

    TOTAL 3.40 3.16 - -

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    Additional Debt Summary

    Debt Type# of Total

    Loans# of Split

    LoansCutoff Bal

    $MM% Pool

    Bal

    Pari Passu (Trust) 4 4 819.57 26.1

    Pari Passu

    (Non-Trust)4 5 875.18 -

    Total Pari Passu 4 9 1,694.75 -B Note 2 2 0.96 -

    Mezzanine Debt 4 4 207.72 -

    2nd Mortgage 4 4 2.01 -

    Other Unsecured 3 3 19.33 -

    Future Mezzanine

    Debt16 16 0.00 -

    Future 2nd Mortgage 13 13 0.00 -

    Future Other

    Unsecured7 7 0.00 -

    Total Subordinate 44 49 230.02 -

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    Remittance Date : Dec 15, 2009Last Checked: > 3 months BACM 07-1 (CMBX.3) BARCLAYS CAPITAL - CMBS SURVEILLANCE

    Distressed Paidoff Loans

    Prosp ID Loan NameProp

    CountPaidoff Date

    Cutoff Bal$000s

    Loss$000s

    SubsequentLoss $000s

    Final Loss$000s

    Loss SeverityPrepay Penalty

    $000sReason

    Total 0 0%

    Noteworthy Loan Concentrations

    Concentration# of

    LoansCurrent Loan Bal

    $MMLoan Exposure

    %Exposed Loan Bal

    $MMDeal

    %Servicer Watchlist

    %Specially-Serviced

    %Delq (30+ Days)

    %Bankrup

    Maguire 1 220.00 100.00 220.00 7.11 0.00 0.00 100.00

    Circuit City 1 9.84 25.35 2.49 0.08 0.00 0.00 100.00

    Ballys Total Fitness 1 6.00 100.00 6.00 0.19 0.00 0.00 0.00

    Linens N Things Liquidation 1 9.84 28.12 2.77 0.09 0.00 0.00 100.00

    Goody Discount Clothing

    Bankruptcy2 15.79 28.04 4.43 0.14 0.00 0.00 72.42

    Deal Comment

    Analyst:Dan Voloshin

    Phone: (212) 526-6381

    Email: [email protected]

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    BARCLAYS CAPITAL CMBS

    Contacts

    CMBS Trading Desk CMBS Surveillance CMBS Research

    David Cook (212) 526-0001 Michael Gabriella (212) 526-4419 Aaron Bryson (212) 412-3761Will Zak (212) 412-2449 Jingying Wu (212) 526 2517 Tee Yong Chew (212) 412-2439Mike Wassong (212) 412-5146 Dan Voloshin (212) 526-6381Adam Broman (212) 412-5950 Murali Valluri (212) 526-1983Matthew Miller (212) 412-7990

    Analytics / Barclays Capital Live

    Arun Kannambadi (212) 412-2881

    Shawn Jiang (212) 526-4922Jason Peng (212) 526-1570Jonathan Liang (212) 526-4121

    This publication has been prepared by Barclays Capital, Inc., a US registered broker/dealer and member of FINRA. This publication is provided to you for information purposes only. Prices shown in thispublication are indicative and Barclays Capital is not offering to buy or sell or soliciting offers t o buy or sell any financial instrument. Other than disclosures relating to Barclays Capital, the information

    contained in this publication has been obtained from sources that Barclays Capital knows to be reliable, but we do not represent or warrant that it is accurate or complete. The views in this publication are

    those of Barclays Capital and are subject to change, and Barclays Capital has no obligation to update its opinions or the information in this publication. Barclays Capital and i ts affiliates and theirrespective officers, directors, partners and employees, including persons involved in the preparation or issuance of this document, may from t ime to time act as manager, comanager or underwriter of apublic offering or otherwise, in the capacity of principal or agent, deal in, hold or act as market-makers or advisors, brokers or commercial and/or investment bankers in relation to the securities or related

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    the Financial Services Authority (.FSA.) and member of the London Stock Exchange. Subject to the conditions of this publication as set out above, ABSA CAPITAL, the Investment Banking Division ofABSA Bank Limited, an authorised financial services provider (Registration No.: 1986/004794/06), is distributing this material in South Africa. Any South African person or entity wishing to effect a

    transaction in any security discussed herein should do so only by contacting a representative of ABSA Capital in South Africa, ABSA TOWERS NORTH, 180 COMMISSIONER STREET,JOHANNESBURG, 2001. ABSA CAPITAL IS AN AFFILIATE OF BARCLAYS CAPITAL. Non-U.S. persons should contact and execute transactions through a Barclays Bank PLC branch or aff iliate

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