UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported) August 24, 2005 ------------------------------ Merrill Lynch Mortgage Investors, Inc. -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware 333-126218-01 13-3416059 -------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 4 World Financial Center, 10th Floor 250 Vesey Street, New York, New York 10080 -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (212) 449-1000 ---------------------------- N/A -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Section 1 - Registrant's Business and Operations Item 1.01 Entry into a Material Definitive Agreement. --------- ------------------------------------------- On August 24, 2005, a pooling and servicing agreement dated as of August 1, 2005 (the "Pooling and Servicing Agreement"), was entered into by and among Merrill Lynch Mortgage Investors, Inc., as depositor (the "Registrant"), Midland Loan Services, Inc., as master servicer, LNR Partners, Inc., as special servicer, LaSalle Bank National Association, as trustee, and ABN AMRO Bank N.V., as fiscal agent. The Pooling and Servicing Agreement was entered into for the purpose of issuing a single series of certificates, entitled Merrill Lynch Mortgage Trust 2005-CIP1 (the "Merrill Lynch Mortgage Trust 2005-CIP1"), Commercial Mortgage Pass-Through Certificates, Series 2005-CIP1 (the "Certificates"). Certain classes of the Certificates, designated as Class A-1, Class A-2, Class A-3A, Class A-3B, Class A-SB, Class A-4, Class AM, Class AJ, Class B, Class C, Class D and Class XP (collectively, the "Publicly-Offered Certificates"), were registered under the Registrant's registration statement on Form S-3 (Registration No. 333-126218). The Publicly-Offered Certificates were sold to Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch"), Countrywide Securities Corporation, IXIS Securities North America Inc., PNC Capital Markets, Inc. and Wachovia Capital Markets, LLC (collectively, the "Underwriters"), pursuant to an underwriting agreement dated as of August 11, 2005 (the "Underwriting Agreement"), between the Registrant and Merrill Lynch for itself and as representative of the other Underwriters. Certain of the mortgage loans backing the Publicly-Offered Certificates (the "MLML Mortgage Loans") were acquired by the Registrant from Merrill Lynch Mortgage Lending, Inc. ("MLML") as seller pursuant to a mortgage loan purchase agreement dated as of August 11, 2005 (the "MLML Mortgage Loan Purchase Agreement"). Certain other of the mortgage loans backing the Publicly-Offered Certificates (the "Countrywide Mortgage Loans") were acquired by the Registrant from Countrywide Commercial Real Estate Finance, Inc. ("Countrywide") as seller pursuant to a mortgage loan purchase agreement dated as of August 11, 2005 (the "Countrywide Mortgage Loan Purchase Agreement"). Certain other of the mortgage loans backing the Publicly-Offered Certificates (the "IXIS Mortgage Loans") were acquired by the Registrant from IXIS Real Estate Capital Inc. ("IXIS") as seller pursuant to a mortgage loan purchase agreement dated as of August 11, 2005 (the "IXIS Mortgage Loan Purchase Agreement"). The remaining mortgage loans backing the Publicly-Offered Certificates (the "PNC Bank Mortgage Loans"; the MLML Mortgage Loans, the Countrywide Mortgage Loans, the IXIS Mortgage Loans and the PNC Bank Mortgage Loans, collectively, the "Mortgage Loans") were acquired by the Registrant from PNC Bank, National Association ("PNC Bank") as seller pursuant to a mortgage loan purchase agreement dated as of August 11, 2005 (the "PNC Bank Mortgage Loan Purchase Agreement"; the MLML Mortgage Loan Purchase Agreement, the Countrywide Mortgage Loan Purchase Agreement, the IXIS Mortgage Loan Purchase Agreement and the PNC Bank Mortgage Loan Purchase Agreement, collectively, the "Mortgage Loan Purchase Agreements"). Each Mortgage Loan Purchase Agreement contains representations and warranties made by the related seller (MLML, Countrywide, IXIS or PNC Bank, as the case may be) to the Registrant with respect to the Mortgage Loans sold by such seller to the Registrant. 2 Certain of the terms and conditions of the Pooling and Servicing Agreement, the Underwriting Agreement and the Mortgage Loan Purchase Agreements have been described in a filing previously made on August 19, 2005 on behalf of the Registrant, which filing was made pursuant to Rule 424(b)(5) of the Securities Act of 1933, as amended, under the Registrant's Form S-3 registration statement number 333-126218-01, for the Merrill Lynch Mortgage Trust 2005-CIP1, and the description of those agreements contained in that filing is hereby incorporated herein by reference. A copy of the Pooling and Servicing Agreement, the Underwriting Agreement and the Mortgage Loan Purchase Agreements will be filed subsequently as exhibits to a separate Current Report on Form 8-K filed by the Registrant for the Merrill Lynch Mortgage Trust 2005-CIP1. 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: August 29, 2005 MERRILL LYNCH MORTGAGE INVESTORS, INC. By: /s/ David M. Rodgers ----------------------------------------- Name: David M. Rodgers Title: Executive Vice President, Chief Officer in Charge of Commercial Mortgage Securitization 4

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 12, 2005

Merrill Lynch Mortgage Investors, Inc.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-126218-01
(Commission
File Number)

13-3416059
(IRS Employer
Identification No.)

4 World Financial Center, 10th Floor, 250 Vesey Street, New York, New York
(Address of principal executive offices)

10080
(Zip Code)

Registrant's telephone number, including area code 212-449-1000

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 - Other Events

Item 8.01. Other Events.

This current report on Form 8-K relates to the monthly distribution reported to the holders of Merrill Lynch Mortgage Investors, Inc. Commercial Mortgage Pass-Through Certificates, Series 2005-CIP1, which was made on October 12, 2005.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(Exhibit No. Description)
99.1 Monthly distribution report pursuant to section 4.02 of the Pooling and Servicing Agreement for the distribution on October 12, 2005.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF MERRILL LYNCH MORTGAGE INVESTORS, INC., REGISTRANT

By: /s/ Russell Goldenberg
Russell Goldenberg
Group Senior Vice President

Date: October 17, 2005

Merrill Lynch Mortgage Trust

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Reporting Package Table of Contents

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Administrator:

Scott Kallback 312.904.5444
scott.kallback@abnamro.com

Analyst:

Rachel Gaxiola 714.259.6216
Rachel.Gaxiola@ABNAMRO.com

Statement Date:

135 S. LaSalle Street, Suite 1625
Chicago, IL 60603
USA

Statements to Certificateholders
Cash Reconciliation Summary
Shortfall Summary Report
Bond Interest Reconciliation

Rating Information

Asset-Backed Facts ~ 15 Month Loan Status Summary
Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary

Delinquent Loan Detail
Historical Collateral Prepayment
Mortgage Loan Characteristics

Page 2-5
Page 6
Page 7
Page 8

Page 9-10

Page 11
Page 12

Page 13
Page 14

Page 15-17

Loan Level Detail

Specially Serviced (Part I) - Loan Detail
Specially Serviced (Part II) - Servicer Comments
Modified Loan Detail

Realized Loss Detail
Historical REO Report
Appraisal Reduction Detail

Page 18-23

Page 24
Page 25
Page 26

Page 27
Page 28
Page 29

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

ML05CIP1

ML05CIP1_200510_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

24-Aug-05
12-Sep-05

12-Jun-43

Parties to The Transaction

Depositor: Merrill Lynch Mortgage Investors Inc.

Underwriter: Merrill Lynch & Company/Countrywide Securities Corporation/IXIS Securities North America Inc.

Master Servicer: Midland Loan Services, Inc.

Special Servicer: LNR Partners, Inc.

Rating Agency: Moody's Investors Service, Inc./Fitch Ratings/Dominion Bond Rating Service Limited

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.midlandls.com

www.etrustee.net

Page 1 of 29

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

5.248654%

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Merrill Lynch Mortgage Trust

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

REMIC II

Statement Date:

ABN AMRO Acct: 722910.1

990.190402886

11.609130740

0.000000000

978.581272146

3.820484693

Fixed

0.00

0.000000000

4.6300000000%

0.000000000

59022HJG8

A-1

79,700,000.00

925,247.72

0.00

77,992,927.39

304,492.63

78,918,175.11

1000.000000000

0.000000000

1000.000000000

4.133333327

Fixed

0.00

0.000000000

4.9600000000%

0.000000000

59022HJH6

A-2

533,800,000.00

0.00

533,800,000.00

2,206,373.33

533,800,000.00

1000.000000000

0.000000000

1000.000000000

4.124166688

4.9490000000%

0.00

0.000000000

4.9490000000%

0.000000000

59022HJJ2

A-3A

157,900,000.00

0.00

157,900,000.00

651,205.92

157,900,000.00

1000.000000000

0.000000000

1000.000000000

4.204166600

5.0450000000%

0.00

0.000000000

5.0450000000%

0.000000000

59022HKJ0

A-3B

50,000,000.00

0.00

50,000,000.00

210,208.33

50,000,000.00

1000.000000000

0.000000000

1000.000000000

4.185000000

5.0220000000%

0.00

0.000000000

5.0220000000%

0.000000000

59022HJK9

A-SB

108,000,000.00

0.00

108,000,000.00

451,980.00

108,000,000.00

1000.000000000

0.000000000

1000.000000000

4.205833341

5.0470000000%

0.00

0.000000000

5.0470000000%

0.000000000

59022HJL7

A-4

510,325,000.00

0.00

510,325,000.00

2,146,341.90

510,325,000.00

1000.000000000

0.000000000

1000.000000000

4.255833329

5.1070000000%

0.00

0.000000000

5.1070000000%

0.000000000

59022HJN3

205,675,000.00

0.00

205,675,000.00

875,318.52

205,675,000.00

1000.000000000

0.000000000

1000.000000000

4.280833321

5.1370000000%

0.00

0.000000000

5.1370000000%

0.000000000

59022HJP8

138,830,000.00

0.00

138,830,000.00

594,308.09

138,830,000.00

1000.000000000

0.000000000

1000.000000000

4.250728962

5.3834634012%

0.00

0.000000000

5.1008746393%

0.000000000

59022HJQ6

43,706,000.00

0.00

43,706,000.00

185,782.36

43,706,000.00

1000.000000000

0.000000000

1000.000000000

4.275728733

5.3044634012%

0.00

0.000000000

5.1308746393%

0.000000000

59022HJR4

17,997,000.00

0.00

17,997,000.00

76,950.29

17,997,000.00

1000.000000000

0.000000000

1000.000000000

4.333228918

5.3734634012%

0.00

0.000000000

5.1998746393%

0.000000000

59022HJS2

38,564,000.00

0.00

38,564,000.00

167,106.64

38,564,000.00

1000.000000000

0.000000000

1000.000000000

4.341562099

5.3834634012%

0.00

0.000000000

5.2098746393%

0.000000000

59022HJU7/59022HKK7

25,709,000.00

0.00

25,709,000.00

111,617.22

25,709,000.00

1000.000000000

0.000000000

1000.000000000

4.341562098

5.3834634012%

0.00

0.000000000

5.2098746393%

0.000000000

59022HJV5/59022HKL5

33,423,000.00

0.00

33,423,000.00

145,108.03

33,423,000.00

1000.000000000

0.000000000

1000.000000000

4.341562211

5.3834634012%

0.00

0.000000000

5.2098746393%

0.000000000

59022HJW3/59022HKM3

20,567,000.00

0.00

20,567,000.00

89,292.91

20,567,000.00

1000.000000000

0.000000000

1000.000000000

4.341562099

5.3834634012%

0.00

0.000000000

5.2098746393%

0.000000000

59022HJX1/59022HKN1

25,709,000.00

0.00

25,709,000.00

111,617.22

25,709,000.00

1000.000000000

0.000000000

1000.000000000

4.023333333

4.8280000000%

0.00

0.000000000

4.8280000000%

0.000000000

59022HJY9/59022HKP6

10,284,000.00

0.00

10,284,000.00

41,375.96

10,284,000.00

1000.000000000

0.000000000

1000.000000000

4.023333333

4.8280000000%

0.00

0.000000000

4.8280000000%

0.000000000

59022HJZ6/59022HKQ4

5,142,000.00

0.00

5,142,000.00

20,687.98

5,142,000.00

Page 2 of 29

Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

5.248654%

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Merrill Lynch Mortgage Trust

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

REMIC II

Statement Date:

ABN AMRO Acct: 722910.1

1000.000000000

0.000000000

1000.000000000

4.023333333

4.8280000000%

0.00

0.000000000

4.8280000000%

0.000000000

59022HKA9/59022HKR2

7,713,000.00

0.00

7,713,000.00

31,031.97

7,713,000.00

1000.000000000

0.000000000

1000.000000000

4.023333333

4.8280000000%

0.00

0.000000000

4.8280000000%

0.000000000

59022HKB7/59022HKS0

7,713,000.00

0.00

7,713,000.00

31,031.97

7,713,000.00

1000.000000000

0.000000000

1000.000000000

4.023333333

4.8280000000%

0.00

0.000000000

4.8280000000%

0.000000000

59022HKC5/59022HKT8

5,142,000.00

0.00

5,142,000.00

20,687.98

5,142,000.00

1000.000000000

0.000000000

1000.000000000

4.023333982

4.8280000000%

0.00

0.000000000

4.8280000000%

0.000000000

59022HKD3/59022HKU5

5,141,000.00

0.00

5,141,000.00

20,683.96

5,141,000.00

1000.000000000

0.000000000

1000.000000000

4.022642202

4.8280000000%

0.00

)

(17.77

)

(0.000691162

4.8280000000%

0.000000000

59022HKE1/59022HKV3

25,710,308.00

0.00

25,710,308.00

103,423.37

25,710,308.00

1000.000000000

0.000000000

1000.000000000

0.130680711

0.3125402908%

0.00

0.000000000

0.1568168514%

0.000000000

59022HJT0

2,008,754,000.00

0.00

2,008,754,000.00

262,505.40

2,008,754,000.00

999.619873697

0.000000000

999.170014657

0.032558789

0.0428415791%

0.00

0.000000000

0.0390854068%

0.000000000

59022HKF8/59022HKW1

2,056,750,308.00

0.00

2,055,043,235.39

66,965.30

2,055,968,483.11

0.000000000

0.00

0.000000000

N/A

0.000000000

59022HKG6

R-I

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

59022HKH4

R-II

0.00

Total P&I Payment

0.00

)

(17.77

2,056,750,308.00

2,055,968,483.11

9,851,345.00

Total

2,055,043,235.39

925,247.72

0.00

8,926,097.28

Page 3 of 29

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

5.248654%

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Merrill Lynch Mortgage Trust

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

Grantor Trust E

Statement Date:

ABN AMRO Acct: 722910.1

0.000000000

0.00

35,885.24

0.000000000

N/A

0.000000000

9ABSX2535

0.00

35,885.24

0.00

Total P&I Payment

0.00

35,885.24

0.00

35,885.24

Total

0.00

35,885.24

Page 4 of 29

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

5.248654%

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Merrill Lynch Mortgage Trust

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

Grantor Trust Z

Statement Date:

ABN AMRO Acct: 722910.1

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSX1602

0.00

Total P&I Payment

0.00

Total

0.00

Page 5 of 29

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Statement Date:

Cash Reconciliation Summary

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

8,248,952.35

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

8,987,244.74

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances
Recoup of Prior Advances
Misc. Fees & Expenses

Total Unscheduled Fees & Expenses

Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding
Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:
Current Scheduled Principal
Advanced Scheduled Principal
Scheduled Principal
Unscheduled Principal:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds
Total Unscheduled Principal
Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding

Plus Current Period

Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee

PPIS Due Certificate

)

(35,885.24

0.00

0.00
0.00

)

(17.77

)

(17.77

8,927,981.92

)

(1,884.64

0.00
0.00
0.00

)

(1,884.64

758,939.50
166,308.22
925,247.72

0.00
0.00
0.00
0.00
0.00
0.00

925,247.72

9,853,229.64

9,851,345.00

2,055,968,483.58

135

925,247.72

0.00

0.00
0.00

0.00

2,055,043,235.86

135

0.00

166,308.22

738,292.39

166,308.22

738,292.39

23,359.80

0.00
0.00

5,311.57

28,671.38

0.00
0.00
0.00
0.00
0.00
0.00

0.00

)

(23,359.80

8,926,097.28

Interest Not Advanced (

Current Period

)

0.00

738,292.39

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

0.00

0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

Page 6 of 29

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05
12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Interest Adjustments Summary

Statement Date

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

Misc. Fees & Expenses Paid by/to Servicer

Interest Paid to Servicer on Outstanding Advances

17.77

0.00

ASER Interest Advance Reduction

Interest Not Advanced (Current Period)

Recoup of Prior Advances by Servicer

0.00

Servicing Fees Paid Servicer on Loans Not Advanced

Misc. Fees & Expenses Paid by Trust

0.00

Shortfall Due to Rate Modification

Total Shortfall Allocated to the Bonds

Total Interest Adjustment to the Bonds

17.77

Shortfall Allocated to the Bonds:

Excess Allocated to the Bonds:

Other Interest Proceeds Due the Bonds

Yield Maintenance Penalties Due the Bonds

Prepayment Penalties Due the Bonds

Recovered ASER Interest Due the Bonds

Recovered Interest Due the Bonds

Less Total Shortfall Allocated to the Bonds

Total Excess Allocated to the Bonds

0.00

0.00

Total Excess Allocated to the Bonds

)

(17.77

)

(17.77

Aggregate Interest Adjustment Allocated to the Bonds

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Interest Income

0.00

Page 7 of 29

Merrill Lynch Mortgage Trust

Class

Accrued

Payment Date:

Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1
Bond Interest Reconciliation

Deductions

Allocable

Deferred &

Prior

Prepay-

Other

Additions

Interest

Credit Support

Original

Current(4)

Accrual

Int. Short-

falls Due

ment

Interest

Interest (2)

Payment

Amount

PPIS

Interest

Certificate

Accretion

Interest

Loss/Exp

Interest

Penalties

Proceeds (1)

Interest

Shortfalls

Certificate

Rate

Pass

Thru

Method Days

Outstanding

Remaining

Statement Date:

Distributable

Current Period

(Shortfall)/

Recovery

Int Accrual

on Prior

Shortfall (3)

2.00
1.00

0.00

A-1

304,492.63

0.00

30.00%

30.02%

30/360

4.630000000%

0.00

A-2

2,206,373.33

0.00

30.00%

30.02%

30/360

4.960000000%

0.00

A-3A

651,205.92

0.00

30.00%

30.02%

30/360

4.949000000%

0.00

A-3B

210,208.33

0.00

30.00%

30.02%

30/360

5.045000000%

0.00

A-SB

451,980.00

0.00

30.00%

30.02%

30/360

5.022000000%

0.00

A-4

2,146,341.90

0.00

30.00%

30.02%

30/360

5.047000000%

0.00

875,318.52

0.00

20.00%

20.02%

30/360

5.107000000%

0.00

594,308.09

0.00

13.25%

13.26%

30/360

5.137000000%

0.00

185,782.36

0.00

11.13%

30/360

5.100874639%

0.00

76,950.29

0.00

10.25%

10.26%

30/360

5.130874639%

0.00

167,106.64

0.00

8.38%

30/360

5.199874639%

0.00

111,617.22

0.00

7.13%

30/360

5.209874639%

0.00

145,108.03

0.00

5.50%

30/360

5.209874639%

0.00

89,292.91

0.00

4.50%

30/360

5.209874639%

0.00

111,617.22

0.00

3.25%

30/360

5.209874639%

0.00

41,375.96

0.00

2.75%

30/360

4.828000000%

0.00

20,687.98

0.00

2.50%

30/360

4.828000000%

0.00

31,031.97

0.00

2.13%

30/360

4.828000000%

0.00

31,031.97

0.00

1.75%

30/360

4.828000000%

0.00

20,687.98

0.00

1.50%

30/360

4.828000000%

0.00

20,683.96

0.00

1.25%

30/360

4.828000000%

0.00

103,441.14

103,423.37

17.77

0.00%

30/360

4.828000000%

)

(17.77

0.00

262,505.40

0.00

30/360

0.156816851%

0.00

66,965.30

0.00

30/360

0.039085407%

0.00

35,885.24

0.00

35,885.24

0.00

0.000000000%

0.00

0.000000000%

0.00

35,885.24

8,926,115.05

8,962,000.29

8,961,982.52

17.77

)

(17.77

0.00

(2) Accrued - Deductions + Additions Interest

(3) Includes interest accrued on outstanding Interest Shortfalls and/or Loss Allocations. Where applicable.

Page 8 of 29

(1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

(4) Determined as follows: (A) the ending balance of all the classes less (B) the sum of (i) the ending balance of the class and (ii) the ending balance of all classes which are not subordinate to the class divided by (A).

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

DBRS

A-1

59022HJG8

AAA

Aaa

AAA

A-2

59022HJH6

AAA

Aaa

AAA

A-3A

59022HJJ2

AAA

Aaa

AAA

A-3B

59022HKJ0

AAA

Aaa

AAA

A-SB

59022HJK9

AAA

Aaa

AAA

A-4

59022HJL7

AAA

Aaa

AAA

59022HJN3

AAA

Aaa

AAA

59022HJP8

AAA

Aaa

AAA

59022HJQ6

Aa2

59022HJR4

AA-

Aa3

AA Low

59022HJS2

59022HJU7

A-

A Low

59022HJV5

BBB+

Baa1

BBB High

59022HJW3

BBB

Baa2

BBB

59022HJX1

BBB-

Baa3

BBB Low

59022HJY9

BB+

Ba1

BB High

59022HJZ6

Ba2

59022HKA9

BB-

Ba3

BB Low

59022HKB7

B+

8/12/2005

B High

59022HKC5

8/12/2005

59022HKD3

B-

8/12/2005

B Low

59022HKE1

Page 9 of 29

NR - Designates that the class was not rated by the rating agency.

(1) Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be
understood that this transmission will generally have been provided to LaSalle within 30 days of the payment date listed on this statement. Because ratings may have changed during the 30
day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on
this report, LaSalle recommends that investors obtain current rating information directly from the rating agency.

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

DBRS

59022HJT0

AAA

Aaa

AAA

59022HKF8

AAA

Aaa

AAA

R-II

59022HKH4

9ABSX2535

9ABSX1602

Page 10 of 29

NR - Designates that the class was not rated by the rating agency.

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary

Distribution

Date

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Foreclosure

REO

Modifications

Specially Serviced

Bankruptcy

# Balance

Delinquency Aging Categories

Special Event Categories (1)

Statement Date:

ABN AMRO Acct: 722910.1

0.00%

10/12/2005

0.00

0.00%

9/12/2005

0.00

(1) Note: Modification, Specially Serviced & Bankruptcy Totals are Included in the Appropriate Delinquency Aging Category

Page 11 of 29

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Penalties

Appraisal Reduct. (2)

Liquidations (2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Amort

ABN AMRO Acct: 722910.1

Series 2005-CIP1

12-Oct-05

135

100.00%

2,055,043,236

99.92%

0.00%

248

5.25%

5.21%

12-Sep-05

135

100.00%

2,055,968,484

99.96%

0.00%

249

5.42%

5.38%

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 12 of 29

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Delinquent Loan Detail

Disclosure

Control #

Paid

Thru
Date

Current P&I

Advance

Outstanding

P&I

Advances**

Out. Property

Protection

Advances

Loan Status

Code (1)

Special

Servicer

Transfer Date

Foreclosure

Date

Bankruptcy

Date

REO
Date

Statement Date:

1-Sep-05

184,008.67

0.00

1-Sep-05

226,655.81

0.00

1-Sep-05

164,681.72

0.00

1-Sep-05

151,511.67

0.00

1-Sep-05

75,467.00

0.00

1-Sep-05

55,788.63

0.00

1-Sep-05

26,017.13

0.00

103

1-Sep-05

20,470.00

0.00

105

904,600.61

Total

Page 13 of 29

A. In Grace Period

1. Delinq. 1 month

2. Delinq. 2 months

3. Delinquent 3 + months

4. Performing Matured Balloon

** Outstanding P&I Advances include the current period P&I Advances and may include Servicer and Trust Advances.

7. Foreclosure

9. REO

B. Late Payment but < 1 month delinq.

5. Non Performing Matured Balloon

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Historical Collateral Level Prepayment Report

Disclosure

Control #

Payoff
Period

Initial

Balance

Type

Payoff

Amount

Penalty

Amount

Prepayment

Date

Maturity

Date

Property

Type

Geographic

Location

Statement Date:

Cumulative

Current

Page 14 of 29

Merrill Lynch Mortgage Trust

Mortgage Loan Characteristics

ABN AMRO Acct: 722910.1

Series 2005-CIP1

Commercial Mortgage Pass-Through Certificates

30-Sep-05

14-Nov-05

12-Sep-05

12-Oct-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Distribution of Mortgage Interest Rates

Distribution of Principal Balances

Distribution of Remaining Term (Balloon)

Distribution of Remaining Term (Fully Amortizing)

Page 15 of 29

Current Scheduled

Balance

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

1,652,916

0.08

145

5.48

0.00

0 to

1,000,000

9,187,220

0.45

129

5.62

0.00

1,000,000 to

2,000,000

20,687,680

1.01

110

5.49

0.00

2,000,000 to

3,000,000

6,750,970

0.33

117

5.33

0.00

3,000,000 to

3,500,000

30,717,393

1.49

110

5.48

0.00

3,500,000 to

4,000,000

16,797,351

0.82

117

5.35

0.00

4,000,000 to

4,500,000

56,994,261

2.77

112

5.35

0.00

4,500,000 to

5,000,000

66,088,129

3.22

104

5.48

0.00

5,000,000 to

6,000,000

52,741,464

2.57

117

5.31

0.00

6,000,000 to

7,000,000

83,643,604

4.07

112

5.29

0.00

7,000,000 to

8,000,000

77,090,690

3.75

118

5.59

0.00

8,000,000 to

9,000,000

57,770,722

2.81

107

5.37

0.00

9,000,000 to 10,000,000

91,937,322

4.47

116

5.42

0.00

10,000,000 to 12,500,000

69,430,166

3.38

117

5.37

0.00

12,500,000 to 15,000,000

79,278,890

3.86

117

5.69

0.00

15,000,000 to 17,500,000

113,459,454

5.52

128

5.34

0.00

17,500,000 to 20,000,000

206,146,541

10.03

116

5.32

0.00

20,000,000 to 25,000,000

309,608,208

15.07

106

5.57

0.00

25,000,000 to 50,000,000

227,700,000

11.08

4.81

0.00

50,000,000 to 100,000,000

477,360,255

23.23

4.90

0.00

100,000,000 &

Above

187,360,255

747,265

2,055,043,236

135

100.00

Average Schedule Balance
Maximum Schedule Balance
Minimum Schedule Balance

15,222,542

Current Mortgage

Interest Rate

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

307,500,000

14.96

4.73

0.00

0.000%

4.825%

347,360,255

16.90

4.93

0.00

4.826%

4.975%

86,489,140

4.21

110

5.00

0.00

4.976%

5.000%

140,073,159

6.82

106

5.07

0.00

5.001%

5.125%

208,913,643

10.17

114

5.18

0.00

5.126%

5.225%

76,265,871

3.71

109

5.24

0.00

5.226%

5.250%

53,528,694

2.60

119

5.28

0.00

5.251%

5.300%

134,510,183

6.55

115

5.33

0.00

5.301%

5.350%

98,427,484

4.79

112

5.41

0.00

5.351%

5.451%

139,978,862

6.81

117

5.48

0.00

5.452%

5.500%

79,846,688

3.89

134

5.57

0.00

5.501%

5.600%

191,170,486

9.30

116

5.67

0.00

5.601%

5.700%

9,353,338

0.46

116

5.74

0.00

5.701%

5.750%

119,810,825

5.83

114

5.87

0.00

5.751%

6.000%

61,814,608

3.01

6.63

0.00

6.001%

Above

135

2,055,043,236

Minimum Mortgage Interest Rate
Maximum Mortgage Interest Rate

100.00

4.647%
7.400%

Fully Amortizing

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

120

0.00

121

180

0.00

181

240

0.00

241

Above

0.00

Balloon

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

553,082,987

26.91

5.00

0.00

5,410,000

0.26

5.61

0.00

207,500,000

10.10

4.75

0.00

100

130,062,057

6.33

115

5.78

0.00

101

115

102

1,118,030,402

54.40

117

5.39

0.00

116

120

40,957,790

1.99

167

5.59

0.00

121

& Above

179

135

2,055,043,236

Minimum Remaining Term
Maximum Remaining Term

100.00

Merrill Lynch Mortgage Trust

Mortgage Loan Characteristics

ABN AMRO Acct: 722910.1

Series 2005-CIP1

Commercial Mortgage Pass-Through Certificates

30-Sep-05

14-Nov-05

12-Sep-05

12-Oct-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Geographic Distribution

Distribution of DSCR (PFY)

Distribution of DSCR (Cutoff)

Page 16 of 29

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

Less than zero

0.00

0.001 0.750

0.00

0.751 0.875

0.00

0.876 1.000

0.00

1.001 1.125

0.00

1.126 1.250

0.00

1.251 1.375

0.00

1.376 1.500

0.00

1.501 1.625

0.00

1.626 1.750

0.00

1.751 1.875

0.00

1.876 2.000

0.00

2.001 2.250

0.00

2.251 2.500

0.00

2.501 & Above

135

2,055,043,236

100.00

5.25

0.00

Unknown

0.000
0.000

135

2,055,043,236

100.00

Minimum DSCR

Maximum DSCR

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

Less than zero

0.00

0.001 0.750

38,239,571

1.86

117

5.44

0.00

0.751 1.200

291,086,768

14.16

5.06

0.00

1.201 1.225

94,816,857

4.61

114

5.36

0.00

1.226 1.250

108,758,003

5.29

117

5.56

0.00

1.251 1.275

123,670,443

6.02

112

5.36

0.00

1.276 1.300

96,144,214

4.68

107

5.17

0.00

1.301 1.325

74,649,526

3.63

119

5.29

0.00

1.326 1.375

139,276,096

6.78

105

5.59

0.00

1.376 1.400

245,305,820

11.94

117

5.50

0.00

1.401 1.500

156,329,628

7.61

116

5.62

0.00

1.501 1.600

104,608,951

5.09

119

5.51

0.00

1.601 1.800

259,124,241

12.61

5.08

0.00

1.801 2.000

323,033,118

15.72

4.76

0.00

2.001 & Above

2.850

1.200

135

2,055,043,236 100.00

Minimum DSCR

Maximum DSCR

Geographic

Location

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Undefined

415,679,079

20.23

5.33

0.00

New York

334,960,000

16.30

4.77

0.00

California

304,748,145

14.83

115

5.39

0.00

Indiana

187,360,255

9.12

4.91

0.00

Texas

134,251,930

6.53

111

5.37

0.00

Florida

84,073,738

4.09

117

5.37

0.00

Colorado

82,055,639

3.99

116

5.33

0.00

Pennsylvania

64,675,588

3.15

117

6.31

0.00

Arizona

44,978,332

2.19

107

5.15

0.00

Ohio

42,948,290

2.09

116

5.58

0.00

Nevada

42,043,464

2.05

112

5.24

0.00

New Jersey

38,650,000

1.88

108

5.31

0.00

Maryland

32,973,371

1.60

117

5.31

0.00

Connecticut

30,772,154

1.50

117

5.78

0.00

Washington

28,900,000

1.41

115

5.39

0.00

Kansas

28,224,514

1.37

118

5.06

0.00

Missouri

27,266,596

1.33

118

5.24

0.00

Vermont

26,000,000

1.27

5.03

0.00

Georgia

17,000,671

0.83

5.67

0.00

Massachusetts

16,063,364

0.78

117

5.48

0.00

South Carolina

13,936,857

0.68

116

5.05

0.00

Wisconsin

9,128,608

0.44

118

5.12

0.00

Virginia

8,300,000

0.40

117

5.24

0.00

Kentucky

5,500,000

0.27

118

5.21

0.00

Arkansas

5,387,473

0.26

159

5.86

0.00

Delaware

5,377,847

0.26

117

5.88

0.00

North Dakota

4,440,461

0.22

118

5.27

0.00

Oklahoma

3,884,649

0.19

116

5.69

0.00

New Mexico

3,838,665

0.19

117

5.57

0.00

Tennessee

3,537,841

0.17

145

6.00

0.00

Illinois

3,000,000

0.15

5.25

0.00

Alabama

2,794,099

0.14

118

5.35

0.00

Montana

2,291,606

0.11

116

6.03

0.00

100.00

2,055,043,236

135

Merrill Lynch Mortgage Trust

Mortgage Loan Characteristics

ABN AMRO Acct: 722910.1

Series 2005-CIP1

Commercial Mortgage Pass-Through Certificates

30-Sep-05

14-Nov-05

12-Sep-05

12-Oct-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Distribution of Loan Seasoning

Distribution of Property Types

Distribution of Year Loans Maturing

Distribution of Amortization Type

Page 17 of 29

Property Types

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Retail

759,169,288

36.94

5.05

0.00

Office

423,290,543

20.60

5.02

0.00

Lodging

288,304,514

14.03

110

5.75

0.00

Mixed Use

164,755,413

8.02

106

5.43

0.00

Multifamily

139,565,192

6.79

115

5.19

0.00

Other

105,572,357

5.14

114

5.58

0.00

Self Storage

104,212,905

5.07

117

5.65

0.00

Industrial

70,173,024

3.41

106

5.35

0.00

2,055,043,236

135

100.00

Amortization Type

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Amortizing Balloon

721,718,246

35.12

101

5.42

0.00

ARD

27,000,000

1.31

177

5.60

0.00

IO Maturity Balloon

570,200,000

27.75

4.88

0.00

IO/Amortizing/Balloon

736,124,990

35.82

112

5.35

0.00

2,055,043,236

135

100.00

Number of Months

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

940,867,989

45.78

104

0.00

5.27

1,028,770,235

50.06

0.00

5.22

85,405,013

4.16

110

0.00

5.37

0.00

108

0.00

109

120

0.00

121

135

2,055,043,236

100.00

Year

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

2005

0.00

2006

0.00

2007

0.00

2008

0.00

2009

553,082,987

26.91

5.00

0.00

2010

0.00

2011

212,910,000

10.36

4.77

0.00

2012

0.00

2013

0.00

2014

112

1,248,092,459

60.73

117

5.43

0.00

2015

40,957,790

1.99

167

5.59

0.00

2016 & Greater

100.00

2,055,043,236

135

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note

Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Statement Date:

4.91%

1-Jul-10

Retail

0.00

187,360,255

999,355

4.96%

5-Aug-10

Office

0.00

160,000,000

661,200

4.81%

1-Jul-12

Office

0.00

130,000,000

520,650

4.69%

1-Jun-10

Retail

0.00

100,000,000

390,842

4.65%

1-Aug-12

Retail

0.00

77,500,000

300,119

5.32%

1-Jul-15

Lodging

0.00

50,200,000

222,449

5.32%

1-Jul-15

Lodging

0.00

43,490,000

192,715

5.93%

8-Jul-15

Other

0.00

41,387,616

247,029

5.68%

1-Jul-15

Mixed Use

0.00

39,800,000

188,320

5.68%

1-Jul-15

Self Storage

0.00

36,158,707

226,958

5.47%

8-Jul-15

Other

0.00

34,000,000

154,983

5.11%

8-Jul-15

Retail

0.00

32,000,000

136,267

6.17%

8-Aug-10

Lodging

0.00

30,499,990

156,821

5.68%

1-Jul-15

Self Storage

0.00

26,271,895

164,901

5.03%

1-Jul-10

Mixed Use

0.00

26,000,000

108,979

5.47%

1-Jul-15

Mixed Use

0.00

25,000,000

113,938

5.50%

7-May-15

Retail

0.00

25,000,000

114,583

5.68%

1-Jul-15

Self Storage

0.00

24,170,861

151,713

4.99%

1-Aug-15

Retail

0.00

22,925,680

134,322

5.40%

5-Apr-15

Office

0.00

22,750,000

102,328

5.00%

1-Jul-15

Retail

0.00

22,500,000

93,750

5.41%

1-May-15

Retail

0.00

22,400,000

101,061

5.22%

1-Jun-15

Retail

0.00

21,000,000

91,350

Page 18 of 29

* NOI and DSCR, if available and reportable under the terms of the trust agreement, are based on information obtained from the related borrower, and no other party to the agreement shall be held liable for the accuracy or methodology used to determine such figures.

(1) Legend:

A. In Grace Period
B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months
4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note

Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Statement Date:

5.15%

1-Aug-15

Retail

0.00

20,400,000

87,550

5.60%

8-Jul-20

Retail

0.00

20,000,000

93,333

5.21%

1-Aug-15

Multifamily

0.00

19,950,000

86,616

5.18%

8-Jul-15

Retail

0.00

19,811,164

108,890

5.69%

1-Aug-15

Lodging

0.00

17,948,290

112,631

5.18%

5-Jul-15

Lodging

0.00

18,000,000

77,700

5.18%

1-Aug-15

Office

0.00

17,750,000

76,621

5.80%

1-Aug-15

Lodging

0.00

16,967,504

99,748

5.07%

8-Jul-15

Multifamily

0.00

16,200,000

68,445

5.06%

8-Aug-15

Retail

0.00

15,500,000

65,358

5.18%

1-Jul-15

Mixed Use

0.00

15,360,000

66,304

7.40%

6-May-15

Lodging

0.00

15,251,386

105,937

5.83%

1-Jul-15

Lodging

0.00

14,539,569

92,557

5.05%

1-Jul-15

Multifamily

0.00

13,953,740

75,583

5.05%

5-Jun-15

Other

0.00

13,936,857

75,583

5.58%

8-Jul-15

Mixed Use

0.00

13,800,000

64,170

5.30%

5-Jun-15

Industrial

0.00

13,200,000

58,300

5.82%

1-Jul-15

Lodging

0.00

12,248,990

77,894

5.24%

1-May-15

Retail

0.00

12,160,000

53,141

5.49%

5-Jul-15

Retail

0.00

12,000,000

54,900

5.79%

3-Jul-15

Mixed Use

0.00

12,000,000

57,900

5.42%

8-Mar-15

Retail

0.00

11,850,000

53,503

5.09%

5-Jul-15

Retail

0.00

10,800,000

45,810

Page 19 of 29

(1) Legend:

A. In Grace Period
B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months
4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note

Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Statement Date:

5.15%

8-Jul-15

Retail

0.00

10,800,000

46,350

5.27%

1-Aug-15

Multifamily

0.00

10,078,332

55,873

4.99%

8-Jun-10

Office

0.00

10,000,000

41,583

5.91%

1-Aug-15

Lodging

0.00

9,972,315

63,881

5.35%

1-Jul-15

Office

0.00

9,500,000

42,354

5.13%

1-Sep-15

Retail

0.00

9,488,857

51,755

5.67%

1-Jul-15

Lodging

0.00

9,459,549

59,307

5.13%

8-Jun-15

Other

0.00

9,350,000

39,971

5.49%

8-Jul-15

Office

0.00

9,000,000

41,175

5.52%

1-Aug-15

Lodging

0.00

8,973,371

55,375

5.28%

5-Jul-16

Retail

0.00

8,759,900

52,890

7.40%

6-May-15

Lodging

0.00

8,573,738

59,554

5.63%

1-Aug-15

Lodging

0.00

8,483,118

48,931

5.00%

8-Jul-15

Multifamily

0.00

8,500,000

35,417

5.24%

5-Jul-15

Industrial

0.00

8,300,000

36,243

5.51%

8-Jun-15

Industrial

0.00

8,250,564

51,019

5.26%

8-Jun-15

Self Storage

0.00

8,250,000

36,163

5.39%

1-Aug-15

Retail

0.00

8,000,000

35,933

5.25%

8-Jul-15

Mixed Use

0.00

7,963,357

47,940

5.25%

5-Jul-15

Industrial

0.00

7,950,000

34,781

5.23%

1-Sep-15

Mixed Use

0.00

7,890,905

43,526

5.00%

8-Jul-15

Multifamily

0.00

7,700,000

32,083

5.15%

5-Jun-10

Multifamily

0.00

7,600,000

32,593

Page 20 of 29

(1) Legend:

A. In Grace Period
B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months
4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note

Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Statement Date:

5.52%

1-Aug-15

Lodging

0.00

7,477,809

46,146

5.43%

8-Jul-15

Mixed Use

0.00

7,477,210

42,255

5.33%

1-Aug-15

Retail

0.00

7,384,322

41,208

5.25%

1-Jul-15

Retail

0.00

7,150,000

31,281

5.47%

5-Jul-15

Industrial

0.00

7,050,000

32,136

5.60%

8-Jul-20

Retail

0.00

7,000,000

32,667

5.24%

1-May-10

Industrial

0.00

6,875,000

30,021

5.48%

1-Aug-15

Office

0.00

6,650,000

30,352

5.20%

1-Jul-15

Office

0.00

6,603,815

36,379

5.30%

8-Jun-15

Multifamily

0.00

6,500,000

28,708

5.18%

1-Aug-15

Office

0.00

6,485,799

35,612

5.10%

1-Jul-15

Office

0.00

6,400,000

27,200

5.35%

1-Aug-15

Multifamily

0.00

6,226,850

34,845

5.40%

5-Jul-10

Industrial

0.00

6,000,000

27,000

5.60%

8-Jul-15

Mixed Use

0.00

5,900,000

27,533

5.23%

1-Aug-15

Office

0.00

5,700,000

24,852

5.21%

1-Aug-15

Multifamily

0.00

5,500,000

23,877

5.63%

1-Aug-15

Lodging

0.00

5,489,076

31,661

5.85%

1-Jul-10

Lodging

0.00

5,427,522

34,616

5.61%

5-May-12

Retail

0.00

5,410,000

25,292

5.25%

1-Jul-15

Retail

0.00

5,400,000

23,603

5.88%

5-Jul-15

Self Storage

0.00

5,377,847

34,397

5.66%

1-Jul-15

Lodging

0.00

5,302,286

33,211

Page 21 of 29

(1) Legend:

A. In Grace Period
B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months
4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note

Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Statement Date:

5.36%

1-Aug-15

Retail

0.00

5,298,834

29,685

5.07%

8-Jul-15

Multifamily

0.00

5,282,563

28,679

5.15%

1-Aug-15

Retail

0.00

4,989,007

27,301

5.21%

8-Jul-15

Office

0.00

4,900,000

21,254

5.45%

7-Jul-15

Retail

0.00

4,840,000

21,997

5.74%

8-Jun-15

Retail

0.00

4,800,000

22,960

5.00%

8-Aug-15

Multifamily

0.00

4,800,000

19,980

5.66%

8-Jun-15

Retail

0.00

4,800,000

22,640

100

5.45%

1-Apr-15

Retail

0.00

4,770,013

27,103

101

5.21%

1-Aug-15

Office

0.00

4,750,000

20,619

102

5.49%

1-Sep-15

Industrial

0.00

4,588,962

26,055

103

5.56%

1-Jun-10

Other

0.00

4,606,279

26,438

104

5.35%

1-May-15

Retail

0.00

4,600,000

20,508

105

5.00%

8-Jul-15

Multifamily

0.00

4,550,000

18,958

106

5.27%

1-Aug-15

Office

0.00

4,440,461

24,628

107

5.45%

8-Jun-15

Retail

0.00

4,250,000

19,302

108

5.46%

7-Jul-15

Industrial

0.00

4,081,889

25,080

109

5.21%

8-Jul-15

Office

0.00

4,025,000

17,458

110

5.63%

1-Aug-15

Retail

0.00

3,992,055

23,026

111

5.50%

5-Jun-15

Self Storage

0.00

3,983,595

22,712

112

5.69%

8-Jun-15

Multifamily

0.00

3,884,649

22,611

113

5.23%

1-Aug-15

Industrial

0.00

3,876,609

21,415

114

5.57%

1-Jul-15

Office

0.00

3,838,665

22,029

115

Page 22 of 29

(1) Legend:

A. In Grace Period
B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months
4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating
Statement

Date

Geo.

Location

Ending

Principal

Balance

Note

Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Statement Date:

5.38%

1-Aug-15

Office

0.00

3,793,464

23,083

116

5.50%

1-Jun-15

Retail

0.00

3,784,415

21,576

117

5.35%

1-Jul-10

Mixed Use

0.00

3,563,941

19,963

118

5.34%

1-Jul-15

Retail

0.00

3,461,224

19,356

119

5.33%

1-Jul-15

Multifamily

0.00

3,289,746

18,387

120

5.25%

8-Jun-10

Multifamily

0.00

3,000,000

13,125

121

6.07%

1-Sep-20

Multifamily

0.00

2,802,245

16,944

122

5.35%

8-Aug-15

Retail

0.00

2,794,099

15,636

123

5.73%

8-May-15

Office

0.00

2,706,921

15,839

124

4.98%

1-Sep-15

Multifamily

0.00

2,642,809

14,172

125

5.30%

1-Aug-15

Retail

0.00

2,300,000

10,158

126

6.03%

1-Jun-15

Other

0.00

2,291,606

13,839

127

5.20%

8-Jul-10

Office

0.00

2,150,000

9,317

128

5.00%

8-Jul-15

Multifamily

0.00

1,965,000

8,188

129

5.93%

8-Jun-15

Retail

0.00

1,889,461

12,161

130

5.74%

8-Aug-15

Office

0.00

1,846,417

10,784

131

5.44%

1-Sep-15

Multifamily

0.00

1,837,963

10,378

132

6.07%

1-Sep-20

Multifamily

0.00

1,648,379

9,967

133

5.00%

8-Jul-15

Multifamily

0.00

905,651

5,320

134

6.07%

1-Sep-20

Multifamily

0.00

747,265

4,518

135

2,055,043,236

9,917,804

Page 23 of 29

(1) Legend:

A. In Grace Period
B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months
4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Specially Serviced (Part I) ~ Loan Detail (End of Period)

Disclosure

Control #

Servicing

Xfer Date

Balance

Note

Rate

Maturity

Date

Remaining

Property

Type

Geo.

Location

NOI

DSCR

NOI
Date

Schedule

Actual

Life

Statement Date:

Loan

Status

Code(1)

Not Avail

Not Avail Not Avail

Page 24 of 29

(1) Legend:

A. P&I Adv - in Grace Period

B. P&I Adv - < one month delinq

1. P&I Adv - delinquent 1 month

2. P&I Adv - delinquent 2 months

3. P&I Adv - delinquent 3+ months

4. Mat. Balloon/Assumed P&I

7. Foreclosure

9. REO

5. Non Performing Mat. Balloon

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05
12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Specially Serviced Loan Detail (Part II) ~ Servicer Comments (End of Period)

Disclosure

Control #

Resolution

Strategy

Comments

Statement Date:

Page 25 of 29

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Modified Loan Detail

Disclosure

Control #

Modification

Date

Cutoff

Maturity

Date

Modification

Description

Modified

Maturity

Date

Statement Date:

Page 26 of 29

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning

Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Current Total

Cumulative

Page 27 of 29

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

Historical Collateral Level REO Report

Property

Type

Statement Date:

State

Actual

Balance

Scheduled

Balance

Recent

Appraisal

Value

Appraisal

Reduction

Amount

Date

Liquidated

Liquidation

Proceeds

Liquidation

Expenses

Realized

Loss

Disclosure

Control #

REO

Date

City

Appraisal

Date

ABN AMRO Acct: 722910.1

Page 28 of 29

Merrill Lynch Mortgage Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

12-Oct-05
12-Oct-05

12-Sep-05

14-Nov-05

30-Sep-05

Commercial Mortgage Pass-Through Certificates

Series 2005-CIP1

ABN AMRO Acct: 722910.1

Appraisal Reduction Detail

Disclosure

Control#

Appraisal

Red. Date

Scheduled

Balance

ASER

Note

Rate

Maturity

Date

Property

Type

Geographic

Location

Appraisal

Value Date

DSCR

Statement Date:

Remaining Term

Life

ARA

Amount

Current P&I

Advance

Page 29 of 29

Filing Compare · Merrill Lynch Mortgage Trust 2005-CIP1