10-D 1 mlf07005_10d-200801.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-D ASSET-BACKED ISSUER DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the monthly distribution period from: December 15, 2007 to January 14, 2008 Commission File Number of issuing entity: 333-130408-06 ML-CFC Commercial Mortgage Trust 2007-5 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-130408 Merrill Lynch Mortgage Investors, Inc. (Exact name of depositor as specified in its charter) Merrill Lynch Mortgage Lending, Inc. Countrywide Commercial Real Estate Finance, Inc. KeyBank National Association IXIS Real Estate Capital Inc. (Exact name of sponsors as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) 54-2199313 54-2199314 54-6740314 54-6740315 54-6740316 54-6740317 54-6740318 54-6740319 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices of the issuing entity) (Zip Code) (410) 884-2000 (Telephone number, including area code) Not Applicable (Former name, former address, if changed since last report) Registered/reporting pursuant to (check one) Title of Section Section Section Name of Exchange Class 12(b) 12(g) 15(d) (If Section 12(b)) A-1 ______ ______ ___X___ ___________ A-2 ______ ______ ___X___ ___________ A-2FL ______ ______ ___X___ ___________ A-3 ______ ______ ___X___ ___________ A-SB ______ ______ ___X___ ___________ A-1A ______ ______ ___X___ ___________ A-4 ______ ______ ___X___ ___________ A-4FL ______ ______ ___X___ ___________ AM ______ ______ ___X___ ___________ AM-FL ______ ______ ___X___ ___________ AJ ______ ______ ___X___ ___________ AJ-FL ______ ______ ___X___ ___________ B ______ ______ ___X___ ___________ C ______ ______ ___X___ ___________ D ______ ______ ___X___ ___________ E ______ ______ ___X___ ___________ F ______ ______ ___X___ ___________ G ______ ______ ___X___ ___________ H ______ ______ ___X___ ___________ J ______ ______ ___X___ ___________ K ______ ______ ___X___ ___________ L ______ ______ ___X___ ___________ M ______ ______ ___X___ ___________ N ______ ______ ___X___ ___________ P ______ ______ ___X___ ___________ Q ______ ______ ___X___ ___________ R-I ______ ______ ___X___ ___________ R-II ______ ______ ___X___ ___________ Y ______ ______ ___X___ ___________ Z ______ ______ ___X___ ___________ X ______ ______ ___X___ ___________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes __X__ No ____ Part I - DISTRIBUTION INFORMATION Item 1. Distribution and Pool Performance Information On January 14, 2008 a distribution was made to holders of ML-CFC Commercial Mortgage Trust 2007-5. The distribution report is attached as an Exhibit to this Form 10-D, please see Item 9(b), Exhibit 99.1 for the related information. Part II - OTHER INFORMATION Item 6. Significant Obligors of Pool Assets. The Peter Cooper Village & Stuyvesant Town Pool mortgage loan constitutes a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB and as disclosed in the prospectus supplement for the ML-CFC Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2007-5. In accordance with Item 1112(b) of Regulation AB, the most recent unaudited net operating income of the significant obligor, as provided by the related borrower, was ($113,096,526)* (on an actual basis without adjustment) and $88,307,850 (on a CMSA normalized basis) through the end of the third quarter, September 30, 2007. There are no current updates to the net operating income at this time. *The net operating income reported by the borrower for the nine months ended September 30, 2007 includes an expense item labeled "Interest, including amortization and deferred financing cost of $8,387,933.78" in an amount equal to $221,400,734. This expense item was not included in the borrower's calculation of NOI related to the period ending June 30, 2007. Item 9. Exhibits. (a) The following is a list of documents filed as part of this Report on Form 10-D: (99.1) Monthly report distributed to holders of ML-CFC Commercial Mortgage Trust 2007-5, relating to the January 14, 2008 distribution. (b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above and in the Exhibit Index that immediately follows the signature page hereof. 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. Merrill Lynch Mortgage Investors, Inc. (Depositor) /s/ David Rodgers David Rodgers, Executive Vice President Chief Officer in charge of Commercial Mortgage Securitization Date: January 18, 2008 EXHIBIT INDEX Exhibit Number Description EX-99.1 Monthly report distributed to holders of ML-CFC Commercial Mortgage Trust 2007-5, relating to the January 14, 2008 distribution. EX-99.1 Wells Fargo Bank, N.A. Corporate Trust Services 8480 Stagecoach Circle Frederick, MD 21701-4747 ML-CFC Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2007-5 For Additional Information, please contact CTSLink Customer Service 1-866-846-4526 Reports Available @ www.ctslink.com/cmbs Payment Date: January 14, 2008 Record Date: December 31, 2007 Determination Date: January 08, 2008 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) Certificate Distribution Detail 2 Certificate Factor Detail 3 Reconciliation Detail 4 Other Required Information 5 Cash Reconciliation 6 Ratings Detail 7 Current Mortgage Loan and Property Stratification Tables 8 - 16 Mortgage Loan Detail 17 - 27 NOI Detail 28 - 37 Principal Prepayment Detail 38 Historical Detail 39 Delinquency Loan Detail 40 - 42 Specially Serviced Loan Detail 43 - 45 Advance Summary 46 Modified Loan Detail 47 Historical Liquidated Loan Detail 48 Historical Bond/Collateral Loss Reconciliation Detail 49 Interest Shortfall Reconciliation Detail 50 - 51 Supplemental Reporting 52 Depositor Merrill Lynch Mortgage Investors Inc. 4 World Financial Center, 16th Floor 250 Vesey Street New York, NY 10080 Contact: Robert Denicola Phone Number: (212) 449-1000 Master Servicer KeyCorp Real Estate Capital Markets, Inc. 911 Main Street, Suite 1500 Kansas City, MO 64105 Contact: Marty O'Conner Phone Number: (816) 221-8800 Master Servicer Wells Fargo Bank, N.A. 1320 Willow Pass Road, Suite 300 investorreporting@wellsfargo.com Concord, CA 94520 Contact: Myung J. Nam Phone Number: Special Servicer CWCapital Asset Management LLC. 1919 Pennsylvania Avenue, NW Suite 400 Washington, DC 20006-3434 Contact: Kathleen Olin Phone Number: (202) 973-6375 This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 2008, Wells Fargo Bank, N.A.

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 22,580,025.63 Interest reductions due to Nonrecoverability Determinations 0.00 Interest Adjustments 73.80 Deferred Interest 0.00 Net Prepayment Interest Shortfall 0.00 Net Prepayment Interest Excess 0.00 Extension Interest 0.00 Interest Reserve Withdrawal 0.00 Total Interest Collected 22,580,099.43 Principal: Scheduled Principal 1,096,434.89 Unscheduled Principal 2,522.00 Principal Prepayments 0.00 Collection of Principal after Maturity Date 0.00 Recoveries from Liquidation and Insurance Proceeds 0.00 Excess of Prior Principal Amounts paid 0.00 Curtailments 2,522.00 Negative Amortization 0.00 Principal Adjustments (73.80) Total Principal Collected 1,098,883.09 Other: Prepayment Penalties/Yield Maintenance 78.00 Repayment Fees 0.00 Borrower Option Extension Fees 0.00 Equity Payments Received 0.00 Net Swap Counterparty Payments Received 95,138.96 Total Other Collected: 95,216.96 Total Funds Collected 23,774,199.48 Total Funds Distributed Fees: Master Servicing Fee 107,687.80 Trustee Fee 1,934.36 Certificate Administrator Fee 0.00 Insurer Fee 0.00 Servicer Report Administrator Fee 0.00 Total Fees 109,622.16 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 1,401.31 ASER Amount 0.00 Special Servicing Fee 4,831.82 Rating Agency Expenses 0.00 Attorney Fees & Expenses 0.00 Bankruptcy Expense 0.00 Taxes Imposed on Trust Fund 0.00 Non-Recoverable Advances 0.00 Other Expenses 0.00 Total Additional Trust Fund Expenses 6,233.13 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 22,559,383.14 Principal Distribution 1,098,883.09 Prepayment Penalties/Yield Maintenance 78.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 0.00 Total Payments to Certificateholders & Others 23,658,344.23 Total Funds Distributed 23,774,199.52

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Modified Loan Detail No Modified Loans Historical Liquidated Loan Detail No Liquidated Loans this Period Historical Bond/Collateral Loss Reconciliation Detail No Realized Losses this Period

ML-CFC Commercial Mortgage Trust 2007-5 10-D