Banc of America Commercial Mortgage Inc.

Series 2008-1

Reporting Package Table of Contents

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Administrator:

Nick Xeros 312.904.0708

nick.xeros@lasallegts.com

Analyst:

Alex de la Rosa 312.992.2745

alexander.de.la.rosa@lasallegts.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

Bond Principal Reconciliation

Rating Information

Asset-Backed Facts ~ 15 Month Loan Status Summary

Delinquent Loan Detail

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

Page 2-4

Page 5-7

Page 8

Page 9-10

Page 11-12

Page 13-14

Page 15-16

Page 17

Page 18

Page 19

Historical Collateral Level Payoff Report

Mortgage Loan Characteristics

Loan Level Detail

Appraisal Reduction Detail

Specially Serviced (Part I) - Loan Detail

Specially Serviced (Part II) - Servicer Comments

Modified Loan Detail

Page 20

Page 21-23

Page 24-28

Page 29

Page 30

Page 31

Page 32

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File

Name:

BACM0801

BACM0801_200901_3.ZIP

Summary of Loan Maturity Extensions

Realized Loss Detail

Other Related Information - Expense and Indemnification Detail

Page 33

Page 34

Page 35

Parties to the Transaction

800.246.5761

LaSalle Global Trust Services Factor Line

LaSalle Global Trust Services Web Site

Servicer Web Site

www.bankofamerica.com

www.etrustee.net

Master Servicer: Bank of America, National Association/Bank of America, N.A.

Rating Agency: Moody's Investors Service, Inc./Standard & Poor's Ratings Services

Special Servicer: CW Capital Asset Management LLC

Underwriter: Banc of America Securities LLC/Barclays Capital Inc./Citigroup Global Markets Inc.

Depositor: Banc of America Commercial Mortgage Inc.

Trustee: Wells Fargo Bank, N.A.

Closing Date:

27-Jun-2008

First Payment Date:

10-Jul-2008

Rated Final Payment Date:

10-Feb-1951

Determination Date:

6-Jan-2009

Trust Collection Period

12/5/2008 - 1/6/2009

Collateral Realized Loss

Page 36

Page 37

Historical REO Report

Page 38

Material Breaches Detail

Page 1 of 38

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:

6.488408%

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Banc of America Commercial Mortgage Inc.

Series 2008-1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

100

REMIC II

Statement Date:

936.217406190

10.504772857

0.000000000

925.712633333

4.109994286

Fixed

0.00

0.000000000

5.2680000000%

0.000000000

05952AAA2

A-1

21,000,000.00

220,600.23

0.00

19,439,965.30

86,309.88

19,660,565.53

1000.000000000

0.000000000

1000.000000000

5.017500000

Fixed

0.00

0.000000000

6.0210000000%

0.000000000

05952AAB0

A-2

28,000,000.00

0.00

28,000,000.00

140,490.00

28,000,000.00

1000.000000000

0.000000000

1000.000000000

5.100534000

6.1206563997%

0.00

0.000000000

6.1206407518%

0.000000000

05952AAC8

A-3

75,000,000.00

0.00

75,000,000.00

382,540.05

75,000,000.00

1000.000000000

0.000000000

1000.000000000

5.144166765

6.1730000000%

0.00

0.000000000

6.1730000000%

0.000000000

05952AAD6

A-SB

34,000,000.00

0.00

34,000,000.00

174,901.67

34,000,000.00

1000.000000000

0.000000000

1000.000000000

5.131367303

6.1576563997%

0.00

0.000000000

6.1576407518%

0.000000000

05952AAE4

A-4

505,550,000.00

0.00

505,550,000.00

2,594,162.74

505,550,000.00

998.957651232

0.177339733

0.000000000

998.780311500

5.089390187

6.1136563997%

0.00

0.000000000

6.1136407518%

0.000000000

05952AAF1

A-1A

225,233,000.00

39,942.76

0.00

224,958,285.90

1,146,298.62

224,998,228.66

1000.000000000

0.000000000

1000.000000000

5.167200655

6.2006563997%

0.00

0.000000000

6.2006407518%

0.000000000

05952AAG9

A-M

126,969,000.00

0.00

126,969,000.00

656,074.30

126,969,000.00

1000.000000000

0.000000000

1000.000000000

5.167200680

6.2006563997%

0.00

0.000000000

6.2006407518%

0.000000000

05952AAH7

A-J

79,355,000.00

0.00

79,355,000.00

410,043.21

79,355,000.00

1000.000000000

0.000000000

1000.000000000

5.167200364

6.2006563997%

0.00

0.000000000

6.2006407518%

0.000000000

05952AAL8/U0595UAB7

14,284,000.00

0.00

14,284,000.00

73,808.29

14,284,000.00

1000.000000000

0.000000000

1000.000000000

5.167200364

6.2006563997%

0.00

0.000000000

6.2006407518%

0.000000000

05952AAN4/U0595UAC5

14,284,000.00

0.00

14,284,000.00

73,808.29

14,284,000.00

1000.000000000

0.000000000

1000.000000000

5.167200468

6.2006563997%

0.00

0.000000000

6.2006407518%

0.000000000

05952AAQ7/U0595UAD3

11,109,000.00

0.00

11,109,000.00

57,402.43

11,109,000.00

1000.000000000

0.000000000

1000.000000000

5.167200468

6.2006563997%

0.00

0.000000000

6.2006407518%

0.000000000

05952AAS3/U0595UAE1

11,109,000.00

0.00

11,109,000.00

57,402.43

11,109,000.00

1000.000000000

0.000000000

1000.000000000

5.167200468

6.2006563997%

0.00

0.000000000

6.2006407518%

0.000000000

05952AAU8/U0595UAF8

11,109,000.00

0.00

11,109,000.00

57,402.43

11,109,000.00

1000.000000000

0.000000000

1000.000000000

5.167200693

6.2006563997%

0.00

0.000000000

6.2006407518%

0.000000000

05952AAW4/U0595UAG6

12,696,000.00

0.00

12,696,000.00

65,602.78

12,696,000.00

1000.000000000

0.000000000

1000.000000000

5.167200364

6.2006563997%

0.00

0.000000000

6.2006407518%

0.000000000

05952AAY0/U0595UAH4

14,284,000.00

0.00

14,284,000.00

73,808.29

14,284,000.00

1000.000000000

0.000000000

1000.000000000

5.167200364

6.2006563997%

0.00

0.000000000

6.2006407518%

0.000000000

05952ABA1/U0595UAJ0

14,284,000.00

0.00

14,284,000.00

73,808.29

14,284,000.00

1000.000000000

0.000000000

1000.000000000

5.167200364

6.2006563997%

0.00

0.000000000

6.2006407518%

0.000000000

05952ABC7/U0595UAK7

14,284,000.00

0.00

14,284,000.00

73,808.29

14,284,000.00

Page 2 of 38

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:

6.488408%

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Banc of America Commercial Mortgage Inc.

Series 2008-1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

100

REMIC II

Statement Date:

1000.000000000

0.000000000

1000.000000000

3.860833558

4.6330000000%

0.00

0.000000000

4.6330000000%

0.000000000

05952ABE3/U0595UAL5

11,109,000.00

0.00

11,109,000.00

42,890.00

11,109,000.00

1000.000000000

0.000000000

1000.000000000

3.860833858

4.6330000000%

0.00

0.000000000

4.6330000000%

0.000000000

05952ABG8/U0595UAM3

4,761,000.00

0.00

4,761,000.00

18,381.43

4,761,000.00

1000.000000000

0.000000000

1000.000000000

3.860833333

4.6330000000%

0.00

0.000000000

4.6330000000%

0.000000000

05952ABJ2/U0595UAN1

6,348,000.00

0.00

6,348,000.00

24,508.57

6,348,000.00

1000.000000000

0.000000000

1000.000000000

3.860831758

4.6330000000%

0.00

(0.01)

(0.000003151)

4.6330000000%

0.000000000

05952ABL7/U0595UAP6

3,174,000.00

0.00

3,174,000.00

12,254.28

3,174,000.00

1000.000000000

0.000000000

1000.000000000

3.860833858

4.6330000000%

0.00

0.000000000

4.6330000000%

0.000000000

05952ABN3/U0595UAQ4

4,761,000.00

0.00

4,761,000.00

18,381.43

4,761,000.00

1000.000000000

0.000000000

1000.000000000

3.860831758

4.6330000000%

0.00

(0.01)

(0.000003151)

4.6330000000%

0.000000000

05952ABQ6/U0595UAR2

3,174,000.00

0.00

3,174,000.00

12,254.28

3,174,000.00

1000.000000000

0.000000000

1000.000000000

3.727951703

4.6330000000%

0.00

(3,164.42)

(0.132881769)

4.6330000000%

0.000000000

05952ABS2/U0595UAS0

23,813,801.00

0.00

23,813,801.00

88,776.70

23,813,801.00

998.760166011

0.000000000

998.554964092

0.105797222

0.00

0.000000000

0.1271142701%

0.000000000

05952AAJ3/U0595UAA9

1,269,690,801.00

0.00

1,267,856,052.20

134,329.76

1,268,116,595.19

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSEG071

R-1

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSEG063

R-II

0.00

Total P&I Payment

0.00

(3,164.44)

1,269,690,801.00

1,268,116,595.19

6,809,991.43

Total

1,267,856,052.20

260,542.99

0.00

6,549,448.44

Page 3 of 38

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:

6.488408%

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Banc of America Commercial Mortgage Inc.

Series 2008-1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

100

Excess Interest Grantor Trust

Statement Date:

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSEG055

0.00

Total P&I Payment

0.00

Total

0.00

Page 4 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Statement Date:

Cash Reconciliation Summary

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

6,016,601.80

0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

6,840,672.10

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

Non Recoverable 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

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

0.00

(3,415.47)

0.00

251.06

(3,164.41)

(838.49)

(969.16)

0.00

(198,778.46)

(200,586.11)

198,169.92

62,373.07

260,542.99

0.00

260,542.99

6,811,799.10

1,268,116,595.89

108

260,542.99

0.00

1,267,856,052.90

108

181,569.53

4,636,921.52

62,373.07

824,070.30

68,091.30

947,422.85

87,473.12

0.00

16,042.77

103,515.89

0.00

Advance Summary (Advance Made by Servicer)

(87,473.12)

Less Other Interest Not Advanced

0.00

824,070.30

Workout Fees

Liquidation Fees

0.00

Less Non Recovered

(4,513,568.97)

(175,851.30)

0.00

Cumulative Prepayment Consideration Received

Prepayment Premiums

Yield Maintenance

Other Interest

6,549,448.46

6,809,991.45

Prior Outstanding

Plus Current Period

Less Recovered

Less Non Recovered

Ending Outstanding

Non-P&I Servicing Advance Summary

Amount

0.00

Total Interest Due Certs

0.00

Other Information

Excess Liquidation Proceeds Amount

0.00

6,750,034.57

Page 5 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Statement Date:

Cash Reconciliation Summary Loan Group 1

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

5,162,313.99

0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

5,675,807.42

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

Non Recoverable 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

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

0.00

(2,378.61)

0.00

118.68

(2,259.93)

(689.29)

(796.73)

0.00

(161,517.94)

(163,003.96)

160,781.01

59,819.22

220,600.23

0.00

220,600.23

5,654,623.65

1,043,117,389.63

220,600.23

0.00

1,042,896,789.40

138,205.37

2,743,762.65

59,819.22

513,493.43

59,819.22

565,895.37

78,006.13

0.00

8,333.07

86,339.20

0.00

Advance Summary (Advance Made by Servicer)

(78,006.13)

Less Other Interest Not Advanced

0.00

513,493.43

Workout Fees

Liquidation Fees

0.00

Less Non Recovered

(2,691,360.71)

(138,205.37)

0.00

Cumulative Prepayment Consideration Received

Prepayment Premiums

Yield Maintenance

Other Interest

5,432,537.40

5,653,137.63

Prior Outstanding

Plus Current Period

Less Recovered

Less Non Recovered

Ending Outstanding

Non-P&I Servicing Advance Summary

Amount

0.00

Total Interest Due Certs

0.00

Other Information

Excess Liquidation Proceeds Amount

0.00

5,595,541.36

Page 6 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Statement Date:

Cash Reconciliation Summary Loan Group 2

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

854,287.81

0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

1,164,864.68

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

Non Recoverable 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

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

0.00

(1,036.86)

0.00

132.38

(904.48)

(149.20)

(172.43)

0.00

(37,260.52)

(37,582.15)

37,388.91

2,553.85

39,942.76

0.00

39,942.76

1,157,175.45

224,999,206.26

39,942.76

0.00

224,959,263.50

43,364.16

1,893,158.87

2,553.85

310,576.87

8,272.08

381,527.48

9,466.99

0.00

7,709.70

17,176.69

0.00

Advance Summary (Advance Made by Servicer)

(9,466.99)

Less Other Interest Not Advanced

0.00

310,576.87

Workout Fees

Liquidation Fees

0.00

Less Non Recovered

(1,822,208.26)

(37,645.93)

0.00

Cumulative Prepayment Consideration Received

Prepayment Premiums

Yield Maintenance

Other Interest

1,116,911.06

1,156,853.82

Prior Outstanding

Plus Current Period

Less Recovered

Less Non Recovered

Ending Outstanding

Non-P&I Servicing Advance Summary

Amount

0.00

Total Interest Due Certs

0.00

Other Information

Excess Liquidation Proceeds Amount

0.00

1,154,493.21

Page 7 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Interest Adjustments Summary

Statement Date

0.00

3,415.47

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

-251.06

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

3,164.41

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

(3,164.41)

(3,164.41)

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 8 of 38

Banc of America Commercial Mortgage Inc.

Class

Accrued

Certificate

Interest

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Bond Interest Reconciliation Detail

Total

Interest

Deductions

Accrual

Total

Interest

Additions

Statement Date:

Method

Opening

Balance

Distributable

Certificate

Interest

Payment

Amount

Current

Period

Shortfall

Recovery

Remaining

Outstanding

Interest

Shorfalls

Credit

Support

Pass-Through

Rate

Days

Original

Current (1)

30/360

5.2680000000%

19,660,565.53

86,309.88

0.00

86,309.88

0.00

A-1

0.00

30.00%

30.04%

86,309.88

0.00

30/360

6.0210000000%

28,000,000.00

140,490.00

0.00

140,490.00

0.00

A-2

0.00

30.00%

30.04%

140,490.00

0.00

30/360

6.1206407518%

75,000,000.00

382,540.05

0.00

382,540.05

0.00

A-3

0.00

30.00%

30.04%

382,540.05

0.00

30/360

6.1730000000%

34,000,000.00

174,901.67

0.00

174,901.67

0.00

A-SB

0.00

30.00%

30.04%

174,901.67

0.00

30/360

6.1576407518%

505,550,000.00

2,594,162.74

0.00

2,594,162.74

0.00

A-4

0.00

30.00%

30.04%

2,594,162.74

0.00

30/360

6.1136407518%

224,998,228.66

1,146,298.62

0.00

1,146,298.62

0.00

A-1A

0.00

30.00%

30.04%

1,146,298.62

0.00

30/360

6.2006407518%

126,969,000.00

656,074.30

0.00

656,074.30

0.00

A-M

0.00

20.00%

20.03%

656,074.30

0.00

30/360

6.2006407518%

79,355,000.00

410,043.21

0.00

410,043.21

0.00

A-J

0.00

13.75%

13.77%

410,043.21

0.00

30/360

6.2006407518%

14,284,000.00

73,808.29

0.00

73,808.29

0.00

12.63%

12.64%

73,808.29

0.00

30/360

6.2006407518%

14,284,000.00

73,808.29

0.00

73,808.29

0.00

11.50%

11.52%

73,808.29

0.00

30/360

6.2006407518%

11,109,000.00

57,402.43

0.00

57,402.43

0.00

10.63%

10.64%

57,402.43

0.00

30/360

6.2006407518%

11,109,000.00

57,402.43

0.00

57,402.43

0.00

9.75%

9.76%

57,402.43

0.00

30/360

6.2006407518%

11,109,000.00

57,402.43

0.00

57,402.43

0.00

8.88%

8.89%

57,402.43

0.00

30/360

6.2006407518%

12,696,000.00

65,602.78

0.00

65,602.78

0.00

7.88%

7.89%

65,602.78

0.00

30/360

6.2006407518%

14,284,000.00

73,808.29

0.00

73,808.29

0.00

6.75%

6.76%

73,808.29

0.00

30/360

6.2006407518%

14,284,000.00

73,808.29

0.00

73,808.29

0.00

5.63%

73,808.29

0.00

30/360

6.2006407518%

14,284,000.00

73,808.29

0.00

73,808.29

0.00

4.50%

4.51%

73,808.29

0.00

30/360

4.6330000000%

11,109,000.00

42,890.00

0.00

42,890.00

0.00

3.63%

42,890.00

0.00

30/360

4.6330000000%

4,761,000.00

18,381.43

0.00

18,381.43

0.00

3.25%

3.26%

18,381.43

0.00

30/360

4.6330000000%

6,348,000.00

24,508.57

0.00

24,508.57

0.00

2.75%

24,508.57

0.00

30/360

4.6330000000%

3,174,000.00

12,254.29

0.00

12,254.29

0.00

2.50%

12,254.28

0.00

30/360

4.6330000000%

4,761,000.00

18,381.43

0.00

18,381.43

0.00

2.13%

18,381.43

0.00

30/360

4.6330000000%

3,174,000.00

12,254.29

0.00

12,254.29

0.00

1.88%

12,254.28

0.00

30/360

4.6330000000%

23,813,801.00

91,941.12

0.00

93,360.45

-3,164.42

4,583.75

0.00%

88,776.70

0.00

30/360

0.1271142701%

1,268,116,595.19

134,329.76

0.00

134,329.76

0.00

134,329.76

0.00

Page 9 of 38

(1) 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).

Banc of America Commercial Mortgage Inc.

Class

Accrued

Certificate

Interest

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Bond Interest Reconciliation Detail

Total

Interest

Deductions

Accrual

Total

Interest

Additions

Statement Date:

Method

Opening

Balance

Distributable

Certificate

Interest

Payment

Amount

Current

Period

Shortfall

Recovery

Remaining

Outstanding

Interest

Shorfalls

Credit

Support

Pass-Through

Rate

Days

Original

Current (1)

N/A

0.00

R-1

0.00

N/A

0.00

R-II

0.00

N/A

0.00

6,552,612.88

0.00

6,554,032.21

6,549,448.44

-3,164.42

4,583.75

0.00

Page 10 of 38

Banc of America Commercial Mortgage Inc.

Class

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Bond Interest Reconciliation Detail

Deductions

Allocable

PPIS

Deferred &

Accretion

Interest

Additions

Yield

Maintenance

Interest Accrual

on Prior Shortfall

Interest

Loss Expense

Statement Date:

Prior Interest

Shortfall Due

Other

Interest

Proceeds (1)

Prepayment

Premiums

Prior

Interest

Due Date

Current

Interest

Due Date

Interest

Payment

Amount

Distributable

Certificate

Interest

0.00

86,309.88

0.00

1-Dec-2008

1-Jan-2009

0.00

A-1

0.00

140,490.00

0.00

1-Dec-2008

1-Jan-2009

0.00

A-2

0.00

382,540.05

0.00

1-Dec-2008

1-Jan-2009

0.00

A-3

0.00

174,901.67

0.00

1-Dec-2008

1-Jan-2009

0.00

A-SB

0.00

2,594,162.74

0.00

1-Dec-2008

1-Jan-2009

0.00

A-4

0.00

1,146,298.62

0.00

1-Dec-2008

1-Jan-2009

0.00

A-1A

0.00

656,074.30

0.00

1-Dec-2008

1-Jan-2009

0.00

A-M

0.00

410,043.21

0.00

1-Dec-2008

1-Jan-2009

0.00

A-J

0.00

73,808.29

0.00

1-Dec-2008

1-Jan-2009

0.00

73,808.29

0.00

1-Dec-2008

1-Jan-2009

0.00

57,402.43

0.00

1-Dec-2008

1-Jan-2009

0.00

57,402.43

0.00

1-Dec-2008

1-Jan-2009

0.00

57,402.43

0.00

1-Dec-2008

1-Jan-2009

0.00

65,602.78

0.00

1-Dec-2008

1-Jan-2009

0.00

73,808.29

0.00

1-Dec-2008

1-Jan-2009

0.00

73,808.29

0.00

1-Dec-2008

1-Jan-2009

0.00

73,808.29

0.00

1-Dec-2008

1-Jan-2009

0.00

42,890.00

0.00

1-Dec-2008

1-Jan-2009

0.00

18,381.43

0.00

1-Dec-2008

1-Jan-2009

0.00

24,508.57

0.00

1-Dec-2008

1-Jan-2009

0.00

12,254.29

12,254.28

0.00

1-Dec-2008

1-Jan-2009

0.00

18,381.43

0.00

1-Dec-2008

1-Jan-2009

0.00

12,254.29

12,254.28

0.00

1-Dec-2008

1-Jan-2009

0.00

93,360.45

88,776.70

0.00

1-Dec-2008

1-Jan-2009

0.00

1,419.33

0.00

134,329.76

0.00

1-Dec-2008

1-Jan-2009

0.00

Page 11 of 38

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

Banc of America Commercial Mortgage Inc.

Class

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Bond Interest Reconciliation Detail

Deductions

Allocable

PPIS

Deferred &

Accretion

Interest

Additions

Yield

Maintenance

Interest Accrual

on Prior Shortfall

Interest

Loss Expense

Statement Date:

Prior Interest

Shortfall Due

Other

Interest

Proceeds (1)

Prepayment

Premiums

Prior

Interest

Due Date

Current

Interest

Due Date

Interest

Payment

Amount

Distributable

Certificate

Interest

0.00

1-Dec-2008

1-Jan-2009

0.00

R-1

0.00

1-Dec-2008

1-Jan-2009

0.00

R-II

0.00

1-Dec-2008

1-Jan-2009

0.00

6,554,032.21

6,549,448.44

1,419.33

0.00

Page 12 of 38

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

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Bond Principal Reconciliation

Credit Support

Original

Currentt

Statement Date:

Beginning

Class Balance

Unscheduled

Principal

Payment

Extra

Principal

Payment Amt

Prior

Loss

Reimburs.

Rated

Final

Maturity

Class

Current

Losses

Original

Class Balance

Scheduled

Principal

Payment

Ending

Class Balance

Cumulative

Losses

Interest on

Losses

Additions

Losses

2.00

1.00

Additional

Trust Fund

Expenses

A-1

30.00%

30.04%

2/10/1951

19,439,965.30

0.00

19,660,565.53

21,000,000.00

220,600.23

0.00

A-2

30.00%

30.04%

2/10/1951

28,000,000.00

0.00

28,000,000.00

0.00

A-3

30.00%

30.04%

2/10/1951

75,000,000.00

0.00

75,000,000.00

0.00

A-SB

30.00%

30.04%

2/10/1951

34,000,000.00

0.00

34,000,000.00

0.00

A-4

30.00%

30.04%

2/10/1951

505,550,000.00

0.00

505,550,000.00

0.00

A-1A

30.00%

30.04%

2/10/1951

224,958,285.90

0.00

224,998,228.66

225,233,000.00

39,942.76

0.00

A-M

20.00%

20.03%

2/10/1951

126,969,000.00

0.00

126,969,000.00

0.00

A-J

13.75%

13.77%

2/10/1951

79,355,000.00

0.00

79,355,000.00

0.00

12.63%

12.64%

2/10/1951

14,284,000.00

0.00

14,284,000.00

0.00

11.50%

11.52%

2/10/1951

14,284,000.00

0.00

14,284,000.00

0.00

10.63%

10.64%

2/10/1951

11,109,000.00

0.00

11,109,000.00

0.00

9.75%

9.76%

2/10/1951

11,109,000.00

0.00

11,109,000.00

0.00

8.88%

8.89%

2/10/1951

11,109,000.00

0.00

11,109,000.00

0.00

7.88%

7.89%

2/10/1951

12,696,000.00

0.00

12,696,000.00

0.00

6.75%

6.76%

2/10/1951

14,284,000.00

0.00

14,284,000.00

0.00

5.63%

2/10/1951

14,284,000.00

0.00

14,284,000.00

0.00

4.50%

4.51%

2/10/1951

14,284,000.00

0.00

14,284,000.00

0.00

3.63%

2/10/1951

11,109,000.00

0.00

11,109,000.00

0.00

3.25%

3.26%

2/10/1951

4,761,000.00

0.00

4,761,000.00

0.00

2.75%

2/10/1951

6,348,000.00

0.00

6,348,000.00

0.00

2.50%

2/10/1951

3,174,000.00

0.00

3,174,000.00

0.00

2.13%

2/10/1951

4,761,000.00

0.00

4,761,000.00

0.00

Page 13 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Bond Principal Reconciliation

Credit Support

Original

Currentt

Statement Date:

Beginning

Class Balance

Unscheduled

Principal

Payment

Extra

Principal

Payment Amt

Prior

Loss

Reimburs.

Rated

Final

Maturity

Class

Current

Losses

Original

Class Balance

Scheduled

Principal

Payment

Ending

Class Balance

Cumulative

Losses

Interest on

Losses

Additions

Losses

2.00

23.00

Additional

Trust Fund

Expenses

1.88%

2/10/1951

3,174,000.00

0.00

3,174,000.00

0.00

0.00%

2/10/1951

23,813,801.00

0.00

23,813,801.00

0.00

R-1

2/10/1951

0.00

R-II

2/10/1951

0.00

260,542.99

0.00

1,269,690,801.00

1,267,856,052.20

1,268,116,595.19

0.00

Page 14 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

A-1

05952AAA2

Aaa

AAA

A-2

05952AAB0

Aaa

AAA

A-3

05952AAC8

Aaa

AAA

A-SB

05952AAD6

Aaa

AAA

A-4

05952AAE4

Aaa

AAA

A-1A

05952AAF1

Aaa

AAA

A-M

05952AAG9

Aaa

AAA

A-J

05952AAH7

Aaa

AAA

05952AAL8

Aa1

AA+

05952AAN4

Aa2

05952AAQ7

Aa3

AA-

05952AAS3

A+

05952AAU8

05952AAW4

A-

05952AAY0

Baa1

BBB+

05952ABA1

Baa2

BBB

05952ABC7

Baa3

BBB-

05952ABE3

Ba1

BB+

05952ABG8

Ba2

05952ABJ2

Ba3

BB-

05952ABL7

B+

05952ABN3

Page 15 of 38

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.

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

05952ABQ6

B-

05952ABS2

05952AAJ3

Aaa

AAA

9ABSEG055

Page 16 of 38

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

investors obtain current rating information directly from the rating agency.

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

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:

0.00%

0.00

0.00%

0.93%

0.51%

2.78%

1.20%

1/12/2009

0.00

15,170,664.71

6,466,454.43

0.93%

0.39%

0.93%

0.27%

0.00%

0.00

0.00%

0.93%

0.51%

2.78%

1.20%

12/10/2008

4,976,923.73

3,363,500.00

0.00

15,181,893.46

6,470,000.00

0.93%

0.27%

0.00%

0.00

0.00%

11/10/2008

3,363,500.00

0.00

0.00%

0.00

0.00%

10/10/2008

0.00

0.00%

0.00

0.00%

9/10/2008

0.00

0.00%

0.00

0.00%

8/11/2008

0.00

0.00%

0.00

0.00%

7/10/2008

0.00

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

Page 17 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

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-Dec-08

110,127.50

0.00

1-Dec-08

94,487.14

0.00

1-Dec-08

94,023.00

0.00

1-Dec-08

77,396.67

0.00

1-Dec-08

63,756.67

0.00

1-Dec-08

54,877.81

0.00

1-Dec-08

55,295.87

0.00

1-Dec-08

52,247.63

0.00

1-Dec-08

47,713.75

0.00

1-Dec-08

37,967.25

0.00

1-Dec-08

44,662.42

0.00

10-Nov-08

1-Dec-08

33,092.50

0.00

1-Dec-08

41,637.73

0.00

1-Dec-08

23,882.63

0.00

1-Dec-08

24,541.83

0.00

4-Dec-08

1-Dec-08

12,631.33

0.00

1-Dec-08

10,360.25

0.00

1-Dec-08

7,741.39

0.00

102

886,443.37

Total

Page 18 of 38

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 Advances.

B. Late Payment but < 1 month delinq.

5. Non Performing Matured Balloon

(1) :Legend :

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

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

12-Jan-09

108

100.00%

1,267,856,053

99.86%

0.00%

100

346

6.49%

6.20%

10-Dec-08

108

100.00%

1,268,116,596

99.88%

0.00%

101

346

6.30%

6.20%

10-Nov-08

108

100.00%

1,268,404,857

99.90%

0.00%

102

346

6.49%

6.39%

10-Oct-08

108

100.00%

1,268,648,114

99.92%

0.00%

103

347

6.30%

6.20%

10-Sep-08

108

100.00%

1,268,933,634

99.94%

0.00%

104

347

6.49%

6.39%

11-Aug-08

108

100.00%

1,269,174,074

99.96%

0.00%

105

347

6.49%

6.39%

10-Jul-08

108

100.00%

1,269,411,422

99.98%

0.00%

106

348

6.30%

6.20%

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

Page 19 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Historical Collateral Level Payoff 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 20 of 38

Banc of America Commercial Mortgage Inc.

Mortgage Loan Characteristics

Series 2008-1

31-Dec-08

10-Feb-09

10-Dec-08

12-Jan-09

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 21 of 38

Current Scheduled

Balance

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

999,999

23,350,657

1.84

6.29

0.00

1,000,000

1,999,999

32,064,220

2.53

104

6.40

0.23

2,000,000

2,999,999

57,558,842

4.54

104

6.21

0.00

3,000,000

3,999,999

31,826,719

2.51

101

6.24

0.00

4,000,000

4,999,999

101,246,718

7.99

102

6.35

0.09

5,000,000

7,499,999

71,938,164

5.67

6.33

0.00

7,500,000

10,000,000

143,936,268

11.35

106

6.31

0.12

10,000,000

15,000,000

191,040,663

15.07

101

6.36

0.00

15,000,000

20,000,000

98,523,387

7.77

105

6.16

0.00

20,000,000

30,000,000

34,000,000

2.68

110

6.47

0.00

30,000,000

50,000,000

373,051,666

29.42

6.21

0.00

50,000,000

100,000,000

109,318,750

8.62

108

6.50

0.00

100,000,000

Above

109,318,750

1,030,000

1,267,856,053

108

100.00

Average Schedule Balance

Maximum Schedule Balance

Minimum Schedule Balance

11,739,408

Current Mortgage

Interest Rate

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

17,250,000

1.36

109

4.65

0.00

0.000%

5.299%

118,267,043

9.33

107

5.68

0.00

5.300%

5.749%

74,676,458

5.89

5.82

0.12

5.750%

5.999%

300,370,534

23.69

6.12

0.02

6.000%

6.240%

335,999,851

26.50

104

6.38

0.05

6.250%

6.499%

421,292,166

33.23

104

6.68

0.00

6.500%

Above

108

1,267,856,053

Minimum Mortgage Interest Rate

Maximum Mortgage Interest Rate

100.00

4.650%

7.420%

Fully Amortizing

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

229

0.00

230

299

0.00

300

324

0.00

325

349

0.00

350

Above

0.00

Balloon

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

108

1,267,856,053

100.00

100

6.30

0.03

230

0.00

230

274

0.00

275

299

0.00

300

324

0.00

325

349

0.00

350

Above

110

108

1,267,856,053

Minimum Remaining Term

Maximum Remaining Term

100.00

Banc of America Commercial Mortgage Inc.

Mortgage Loan Characteristics

Series 2008-1

31-Dec-08

10-Feb-09

10-Dec-08

12-Jan-09

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Geographic Distribution

Distribution of DSCR (PFY)

Distribution of DSCR (Cutoff)

Page 22 of 38

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

17,208,153

1.36

108

6.40

1.19

1.000 1.199

0.00

1.200 1.249

7,217,350

0.57

5.80

1.26

1.250 1.299

0.00

1.300 1.349

0.00

1.350 1.399

0.00

1.400 1.499

0.00

1.500 1.599

0.00

1.600 1.699

0.00

1.700 1.799

2,289,997

0.18

103

6.17

1.90

1.800 1.999

0.00

2.000 2.999

0.00

3.000 & Above

104

1,241,140,552

97.89

100

6.30

0.00

Unknown

1.900

1.160

108

1,267,856,053

100.00

Minimum DSCR

Maximum DSCR

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

273,593,335

21.58

6.32

0.10

1.000 1.199

262,898,481

20.74

106

6.27

0.01

1.200 1.249

202,221,514

15.95

103

6.41

0.00

1.250 1.299

72,748,100

5.74

103

6.16

0.00

1.300 1.349

47,675,879

3.76

108

6.41

0.09

1.350 1.399

225,900,172

17.82

6.02

0.00

1.400 1.499

46,819,097

3.69

6.79

0.00

1.500 1.599

8,550,000

0.67

109

6.77

0.00

1.600 1.699

3,540,227

0.28

103

5.85

0.00

1.700 1.799

114,209,248

9.01

108

6.47

0.00

1.800 1.999

2,700,000

0.21

105

6.32

0.00

2.000 2.999

7,000,000

0.55

109

6.41

0.00

3.000 & Above

3.360

1.040

108

1,267,856,053

100.00

Minimum DSCR

Maximum DSCR

Geographic

Location

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

California

162,786,092

12.84

106

6.32

0.00

Texas

131,044,908

10.34

6.27

0.00

Illinois

118,397,926

9.34

105

6.58

0.15

Multiple States

109,318,750

8.62

108

6.50

0.00

Florida

88,850,660

7.01

105

6.52

0.00

New Jersey

84,000,000

6.63

6.12

0.00

Oregon

76,157,548

6.01

110

5.84

0.00

Georgia

74,809,643

5.90

106

5.75

0.00

Maryland

64,166,666

5.06

6.14

0.00

Virginia

41,357,369

3.26

107

6.45

0.00

New York

36,771,156

2.90

6.22

0.00

Nevada

35,924,012

2.83

101

6.09

0.00

Pennsylvania

34,320,619

2.71

6.34

0.26

Missouri

30,210,000

2.38

6.97

0.00

Wisconsin

26,466,486

2.09

107

6.16

0.16

Michigan

24,270,000

1.91

102

6.06

0.00

Colorado

19,666,454

1.55

106

6.59

0.00

North Carolina

15,407,209

1.22

108

6.76

0.00

Oklahoma

14,000,000

1.10

108

6.58

0.00

Ohio

12,647,289

1.00

6.26

0.00

Tennessee

12,000,000

0.95

108

6.33

0.00

Louisiana

11,914,113

0.94

104

6.56

0.00

Iowa

7,412,359

0.58

103

5.94

0.00

Indiana

7,100,275

0.56

105

6.33

0.00

South Carolina

6,673,657

0.53

104

6.24

0.00

Alabama

4,703,949

0.37

103

6.46

0.65

New Mexico

4,000,000

0.32

106

6.44

0.00

Maine

3,740,000

0.29

104

6.22

0.00

Arkansas

3,540,227

0.28

103

5.85

0.00

Utah

3,168,776

0.25

102

6.29

0.00

Mississippi

3,029,912

0.24

103

6.54

0.00

100.00

1,267,856,053

108

Banc of America Commercial Mortgage Inc.

Mortgage Loan Characteristics

Series 2008-1

31-Dec-08

10-Feb-09

10-Dec-08

12-Jan-09

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 23 of 38

Property Types

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Office

323,820,080

25.54

103

6.40

0.03

Retail

323,054,969

25.48

6.10

0.06

Multifamily

230,269,569

18.16

6.03

0.02

Lodging

213,121,855

16.81

101

6.58

0.00

Industrial

77,360,149

6.10

107

6.55

0.00

Mixed Use

54,558,075

4.30

106

6.30

0.00

Self Storage

32,960,000

2.60

105

6.50

0.00

Manufactured Housing

12,711,356

1.00

108

6.64

0.00

1,267,856,053

108

100.00

Amortization Type

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Amortizing Balloon

222,856,170

17.58

101

6.34

0.13

ARD

18,050,000

1.42

104

6.34

0.00

IO Maturity Balloon

370,903,750

29.25

100

6.29

0.00

IO/Amortizing/Balloon

656,046,132

51.74

6.28

0.01

1,267,856,053

108

100.00

Number of Months

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

4,695,000

0.37

0.00

6.38

105

1,253,689,392

98.88

100

0.03

6.30

9,471,661

0.75

0.00

5.77

0.00

120

0.00

121

150

0.00

151

180

0.00

181

108

1,267,856,053

100.00

Year

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

Prior to Current Year

0.00

2009

0.00

2010

0.00

2011

11,107,594

0.88

5.78

0.00

2012

16,660,000

1.31

7.24

0.00

2013

147,650,519

11.65

6.08

0.06

2014

0.00

2015

15,817,005

1.25

5.90

0.00

2016

651,678,652

51.40

104

6.34

0.01

2017

424,942,283

33.52

109

6.30

0.04

2018

0.00

2019

0.00

2020 & Greater

100.00

1,267,856,053

108

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

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:

6.50%

1-Jan-18

BACM8101

Lodging

0.00

109,318,750

592,143

6.64%

1-Sep-17

BACM8101

Office

0.00

97,485,000

557,398

6.38%

1-Oct-17

BACM8101

Office

0.00

75,000,000

412,042

5.70%

1-Mar-18

BACM8101

Retail

0.00

69,000,000

338,913

6.01%

1-Jul-14

BACM8102

Multifamily

0.00

67,400,000

348,698

6.14%

1-Aug-14

BACM8101

Retail

0.00

64,166,666

339,263

31-Dec-07

6.47%

1-Mar-18

BACM8101

Lodging

0.00

34,000,000

189,427

6.22%

1-Nov-17

BACM8102

Multifamily

0.00

28,300,000

151,480

30-Jun-07

5.77%

1-Mar-17

BACM8101

Office

0.00

24,956,807

147,381

6.61%

1-Jan-18

BACM8101

Industrial

0.00

23,516,579

151,791

6.04%

1-Jan-18

BACM8102

Multifamily

0.00

21,750,000

113,124

6.29%

1-Oct-17

BACM8101

Mixed Use

0.00

19,890,000

107,766

6.05%

1-Sep-17

BACM8101

Retail

0.00

19,000,000

98,985

6.34%

1-Sep-17

BACM8101

Office

0.00

18,050,000

98,543

6.47%

1-Oct-17

BACM8101

Self Storage

0.00

18,000,000

100,285

6.23%

1-Oct-17

BACM8101

Office

0.00

17,900,000

96,029

4.65%

8-Feb-18

BACM8102

Multifamily

0.00

17,250,000

69,072

31-Dec-07

7.24%

1-Jan-13

BACM8101

Lodging

0.00

16,660,000

103,852

6.55%

1-Dec-17

BACM8101

Retail

0.00

16,600,000

93,629

6.90%

1-Dec-17

BACM8101

Industrial

0.00

16,200,000

96,255

6.96%

1-Feb-18

BACM8101

Lodging

0.00

15,790,663

112,707

30-Sep-08

6.43%

1-Nov-17

BACM8101

Industrial

0.00

15,700,000

86,930

31-Dec-07

6.44%

1-Feb-18

BACM8101

Retail

1.19

14,561,388

92,335

Page 24 of 38

* 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

5. Non Performing Matured Ballon

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

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:

6.31%

1-Jan-18

BACM8101

Mixed Use

0.00

14,620,000

79,439

6.26%

1-Feb-17

BACM8101

Lodging

0.00

14,328,391

90,236

6.58%

1-Jan-18

BACM8102

Multifamily

0.00

14,000,000

79,326

6.80%

1-Jan-18

BACM8101

Office

0.00

14,000,000

81,978

6.65%

1-Dec-17

BACM8101

Office

0.00

13,550,000

77,593

6.18%

1-Nov-17

BACM8101

Retail

0.00

13,200,000

70,235

6.33%

1-Jan-18

BACM8102

Multifamily

0.00

12,000,000

65,410

5.68%

1-May-17

BACM8101

Retail

0.00

11,740,000

57,422

6.20%

1-Jan-18

BACM8101

Mixed Use

0.00

11,350,000

60,596

5.65%

1-Oct-17

BACM8101

Retail

0.00

10,586,489

62,053

30-Sep-07

5.77%

1-Dec-12

BACM8101

Multifamily

0.00

9,471,661

55,449

6.33%

1-Oct-17

BACM8101

Office

0.00

9,400,000

51,222

30-Sep-07

5.88%

1-Jun-17

BACM8101

Office

0.00

9,200,000

46,575

6.23%

1-Jul-17

BACM8102

Multifamily

0.00

9,100,000

48,819

6.40%

8-Dec-17

BACM8101

Retail

0.00

9,050,000

49,876

6.36%

1-Aug-14

BACM8101

Lodging

0.00

8,866,503

56,060

6.77%

1-Feb-18

BACM8101

Manufactured Housing

0.00

8,550,000

49,844

6.98%

1-Jan-18

BACM8101

Industrial

0.00

8,300,000

49,888

5.65%

1-Aug-17

BACM8101

Retail

0.00

7,370,006

43,293

31-Dec-07

5.80%

1-Aug-14

BACM8101

Office

1.26

7,217,350

52,871

6.70%

1-Jan-18

BACM8101

Self Storage

0.00

7,265,000

41,940

7.13%

1-Dec-17

BACM8101

Lodging

0.00

7,157,548

48,701

6.31%

1-Aug-17

BACM8102

Multifamily

0.00

7,100,000

38,579

Page 25 of 38

(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

5. Non Performing Matured Ballon

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

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:

6.41%

1-Feb-18

BACM8101

Lodging

0.00

7,000,000

38,650

6.90%

1-Jan-18

BACM8101

Office

0.00

6,455,193

42,908

30-Nov-07

7.42%

1-Dec-17

BACM8101

Retail

0.00

6,466,454

44,885

5.59%

1-Dec-16

BACM8101

Retail

0.00

6,370,000

30,652

6.40%

1-Aug-17

BACM8101

Mixed Use

0.00

6,100,000

33,618

5.71%

1-Oct-17

BACM8101

Industrial

0.00

5,799,313

41,988

6.03%

1-Feb-17

BACM8102

Multifamily

0.00

5,768,160

35,487

6.17%

1-Sep-17

BACM8101

Industrial

0.00

5,600,000

29,753

6.57%

1-Sep-17

BACM8101

Retail

0.00

5,377,162

34,699

6.59%

1-Oct-17

BACM8101

Retail

0.00

5,160,533

33,335

6.18%

1-Jan-18

BACM8102

Multifamily

0.00

5,040,000

26,821

31-Dec-07

5.99%

1-Nov-16

BACM8102

Multifamily

0.00

4,972,005

30,598

6.39%

1-Apr-17

BACM8102

Multifamily

0.00

4,790,090

30,493

6.68%

1-Dec-17

BACM8101

Retail

0.00

4,750,024

30,894

6.17%

8-Nov-17

BACM8101

Retail

0.00

4,700,000

24,971

6.23%

8-Oct-16

BACM8101

Retail

0.00

4,475,000

24,007

30-Sep-07

5.79%

1-Jun-17

BACM8101

Retail

0.00

4,139,600

20,632

6.44%

1-Nov-17

BACM8101

Retail

0.00

4,000,000

22,182

6.42%

1-Sep-17

BACM8101

Retail

0.00

3,944,696

25,073

6.30%

1-Aug-17

BACM8101

Retail

0.00

3,929,070

25,367

5.64%

1-May-17

BACM8102

Multifamily

0.00

3,917,947

23,064

31-Dec-07

5.89%

1-Jun-17

BACM8101

Office

0.00

3,800,000

19,257

6.73%

1-Dec-17

BACM8102

Multifamily

0.00

3,767,446

24,402

Page 26 of 38

(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

5. Non Performing Matured Ballon

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

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:

6.09%

1-Jul-17

BACM8102

Multifamily

0.00

3,736,775

23,003

6.81%

1-Sep-17

BACM8101

Office

0.00

3,732,205

24,670

6.22%

1-Sep-17

BACM8101

Office

0.00

3,740,000

20,032

6.08%

1-Aug-17

BACM8101

Office

0.00

3,690,789

22,676

6.28%

1-Aug-17

BACM8101

Office

0.00

3,644,121

22,854

5.85%

1-Aug-17

BACM8101

Office

0.00

3,540,227

21,238

5.53%

1-Jul-17

BACM8101

Retail

0.00

3,483,289

20,223

6.60%

1-Jan-18

BACM8101

Retail

0.00

3,363,500

19,106

6.29%

1-Jul-17

BACM8101

Office

0.00

3,168,776

19,910

6.20%

8-Nov-17

BACM8101

Retail

0.00

3,100,000

16,551

31-Dec-07

6.42%

1-Jan-18

BACM8101

Self Storage

0.00

3,000,000

16,595

6.47%

8-May-17

BACM8101

Self Storage

0.00

2,860,000

15,934

6.69%

1-Sep-17

BACM8101

Office

0.00

2,800,000

16,130

6.32%

1-Oct-17

BACM8102

Manufactured Housing

0.00

2,700,000

14,694

31-Dec-07

6.18%

1-Aug-17

BACM8101

Retail

1.16

2,646,765

17,152

6.42%

1-Oct-17

BACM8101

Mixed Use

0.00

2,598,075

17,761

6.41%

1-Nov-17

BACM8101

Office

0.00

2,489,612

15,779

6.28%

1-Sep-17

BACM8101

Retail

0.00

2,450,000

13,249

6.45%

1-Oct-17

BACM8101

Retail

0.00

2,433,590

15,500

30-Nov-07

6.70%

1-Jan-18

BACM8101

Retail

0.00

2,374,000

13,693

31-Dec-07

6.17%

1-Aug-17

BACM8102

Multifamily

1.90

2,289,997

14,042

31-Dec-07

5.84%

1-Jan-17

BACM8101

Industrial

0.00

2,244,257

13,548

6.49%

1-Sep-17

BACM8101

Retail

0.00

2,120,739

13,575

Page 27 of 38

(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

5. Non Performing Matured Ballon

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

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:

6.82%

1-Aug-17

BACM8102

Multifamily

0.00

2,057,183

13,620

6.26%

1-Jul-17

BACM8101

Retail

0.00

1,967,967

12,327

31-Oct-07

5.93%

1-Jul-17

BACM8101

Retail

0.00

1,948,617

12,799

6.35%

1-Jul-17

BACM8101

Retail

0.00

1,925,000

10,526

6.53%

1-Aug-17

BACM8102

Multifamily

0.00

1,907,387

12,269

6.47%

1-Aug-17

BACM8102

Multifamily

0.00

1,818,802

12,524

6.23%

8-Mar-17

BACM8101

Self Storage

0.00

1,835,000

9,844

5.80%

1-Aug-12

BACM8102

Multifamily

0.00

1,635,933

11,984

100

6.19%

1-Nov-17

BACM8101

Retail

0.00

1,581,382

9,790

101

5.84%

1-Aug-17

BACM8101

Retail

0.00

1,550,000

7,795

102

6.50%

1-Oct-17

BACM8102

Manufactured Housing

0.00

1,461,356

9,355

103

6.36%

1-Jan-18

BACM8101

Retail

0.00

1,407,209

8,856

104

6.55%

1-Sep-17

BACM8102

Multifamily

0.00

1,122,525

8,683

105

6.40%

1-Oct-17

BACM8101

Retail

0.00

1,085,823

6,881

106

6.63%

1-Sep-17

BACM8102

Multifamily

0.00

1,073,657

6,970

107

6.69%

8-Jan-18

BACM8101

Retail

0.00

1,030,000

5,934

108

1,267,856,053

7,117,258

Page 28 of 38

(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

5. Non Performing Matured Ballon

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

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

Amount

Current P&I

Advance

Page 29 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

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

Disclosure

Control #

Servicing

Xfer Date

Balance

Maturity

Date

Remaining

Property

Type

Geo.

Location

NOI

DSCR

NOI

Date

Schedule

Actual

Life

Amort.

Statement Date:

Loan

Status

Code(1)

Note Rate

10-Nov-08

6,466,454

107

347

7.42%

1-Dec-17

Retail

6,470,000

30-Nov-07

4-Dec-08

4,972,005

334

5.99%

1-Nov-16

Multifamily

4,982,642

31-Dec-07

4-Dec-08

3,732,205

104

344

6.81%

1-Sep-17

Office

3,734,970

22-Dec-09

3,363,500

108

355

6.60%

1-Jan-18

Retail

3,363,500

18,534,165

18,551,112

Page 30 of 38

(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

5. Non Performing Mat. Balloon

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

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

Disclosure

Control #

Resolution

Strategy

Comments

Statement Date:

Other/TBD

DBSI Inc. the sponsor of tenant-in-common investor groups filed for Chapter 11 bankruptcy protection on 11/10/2008. Over 200 properties

were tripped into default. The subject property is a 99142 SF retail/office property located in Westminster CO.

Other/TBD

The loan transferred to Special Servicing on December 2nd 2008 due to an imminent default. Pinellas Point is a 136 unit multifamily property

located in St. Petersburg FL. The borrower sent a letter to the Master Servicer indicating the ability to meet its mortgage payment has been

impacted by the economy and increased competition in the market. Since July the property has had 22 skips and/or evictions and crime levels

have increased. As of 9/30/2008 DSCR was 0.34x with 88% occupancy. The borrower says that increased supply (condo conversions

reverting to rental and single family homes reverting to rentals) and decreased demand (due to poor economy) has caused rents to decrease

occupancy to decrease bad debt to increase. The borrower wants a workout. The special servicer will follow a dual track of workout/foreclosure.

Pending Return to Master Servicer

The loan transferred o Special Servicing effective December 3rd 2008 for imminent default. Jacinto Towers is a 68423 s/f office property

located in Houston TX. In September subject property suffered damage from Hurricane Ike. Per borrower all three buildings were missing the

front half of their roofs. Borrower was able to get reconstruction started and told the master servicer that he might not make the December

payment unless insurance proceeds were sent to him. The Borrower did make the December payment and some of the funds were sent to the

Borrower. The special servicer will monitor to the remaining reconstruction and process the remaining construction draws. The Borrower

stated that he will keep the loan current.

Other/TBD

Two CVS stores in Indiana on NNN leases. Borrower missed two payments as he needed money for another project. Counsel retained and full

correction expected soon.

Page 31 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Modified Loan Detail

Disclosure

Control #

Modification

Date

Cutoff

Maturity

Date

Modification

Description

Modified

Maturity

Date

Statement Date:

Ending

Principal

Balance

Page 32 of 38

Modified Loan Detail includes loans whose terms, fees, penalties or payments have been waived or extended.

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Maturity Extension Summary

Statement Date:

Loans which have had their Maturity Dates extended

Stated Principal Balance outstanding:

Weighted Average Extension Period:

Loans in the process of having their Maturity Dates extended

Stated Principal Balance outstanding:

Weighted Average Anticipated Extension Period:

Loans in the process of having their Maturity Dates further extended

Stated Principal Balance Outstanding:

Weighted Average Extension Period:

Loans paid-off that did experience Maturity Date extensions

Cutoff Principal Balance:

Weighted Average Extension Period:

0.00

Number of Loans:

0.00

Number of Loans:

0.00

Loans paid-off that did not experience Maturity Date extensions

Number of Loans:

Cutoff Principal Balance:

0.00

Page 33 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

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 34 of 38

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

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Expense and Indemnification Detail

Statement Date:

Parties

Description

Amount

No Expenses/ Indemnification Amounts for the Current Period

Page 35 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Bond/Collateral Realized Loss Reconciliation

Statement Date:

Prospectus

Period

Aggregate

Realized Loss

on Loans

Prior Realized

Loss Applied to

Certificates

Amounts Covered by

Overcollateralization

and other Credit

Support

Additional

(Recoveries)/

Expenses applied to

Realized Losses

Current Realized Loss

Applied to

Certificates*

Recoveries of

Realized Losses

paid as Cash

(Recoveries)/

Realized Loss

Applied to

Certificate Interest

Modification

Adjustments/Appraisal

Reduction Adjustment

Interest

(Shortages)/

Excesses applied

to Realized

Losses

Beginning

Balance of the

Loan at

Liquidation

Cumulative

*In the Initial Period the Current Realized Loss Applied to Certificates will equal Aggregate Realized Loss on Loans - B - C - D + E instead of A - C - D + E

Description of Fields

Prior Realized Loss Applied to Certificates

Reduction to Realized Loss applied to bonds (could represent OC, insurance policies, reserve accounts, etc)

Adjustments that are based on principal haircut or future interest foregone due to modification

Realized Loss Adjustments, Supplemental Recoveries or Expenses on a previously liquidated loan

Amounts classified by the Master as interest adjustments from general collections on a loan with a Realized Loss

Page 36 of 38

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Historical Collateral Level REO Report

Property

Type

Statement Date:

State

Book Value

Scheduled

Balance

Recent

Appraisal

Value

Appraisal

Reduction

Amount

Date

Liquidated

Liquidation

Proceeds

Liquidation

Expenses

Realized

Loss

Disclosure

Control #

REO

Date

City

Appraisal

Date

Other

Revenue

Recovered

Type

(*)

Page 37 of 38

(*) Legend: (1) Paid in Full, (2) Final Recovery Made, (3) Permitted Purchase (4) Final Recovery of REO, (5) Permitted purchase of REO

Banc of America Commercial Mortgage Inc.

Payment Date:

Prior Payment:

Next Payment:

Record Date:

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Series 2008-1

Material Breaches and Material Document Defect Detail

Disclosure

Control #

Material Breach and Material Document Defect

Description

Material

Breach

Date

Statement Date:

Ending

Principal

Balance

Material

Breach

Status

Page 38 of 38

Material breaches of pool asset representation or warranties or transaction covenants.

Banc of America Commercial Mortgage Inc., Series 2008-1 10-D