Merrill Lynch Mortgage Trust

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Reporting Package Table of Contents

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Administrator:

Ann Kelly 312.904.1487

ann.kelly@lasallegts.com

Analyst:

Shaun Horbochuk 714.259.6217

Shaun.Horbochuk@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 2-6

Page 7-10

Page 11

Page 12-13

Page 14-15

Page 16-17

Page 18-19

Page 20-23

Page 24-25

Page 26-29

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 30

Page 31-33

Page 34-38

Page 39

Page 40

Page 41

Page 42

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File

Name:

MLMT08C1

MLMT08C1_200901_3.ZIP

Summary of Loan Maturity Extensions

Realized Loss Detail

Collateral Realized Loss

Page 43

Page 44

Page 45

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.midlandls.com,www.wachovia.com

www.etrustee.net

Depositor: Merrill Lynch Mortgage Investors, Inc.

Underwriter: Banc of America Securities LLC/Citigroup Global Markets Inc./Merrill Lynch & Co., Inc/PNC Capital Markets LLC

Master Servicer: Bank of America, N.A./Midland Loan Services, Inc./Wachovia Bank, National Association

Special Servicer: Midland Loan Services, Inc.

Rating Agency: Fitch/Moody's Investors Service/Standard & Poor's Rating Services

Trustee: U.S. Bank National Association

Closing Date:

12-Jun-2008

First Payment Date:

14-Jul-2008

Rated Final Payment Date:

14-Feb-1951

Determination Date:

12-Jan-2009

Trust Collection Period

12/13/2008 - 1/12/2009

Historical REO Report

Page 46

Page 47

Defeased Loans

Page 48

Event of Default

Material Breaches Detail

Page 49

Page 1 of 49

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:

6.506324%

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Merrill Lynch Mortgage Trust

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

REMIC II

Statement Date:

915.078403653

13.099788767

0.000000000

901.978614885

3.588632488

Fixed

0.00

0.000000000

4.7060000000%

0.000000000

59025WAA4

A-1

18,179,000.00

238,141.06

0.00

16,397,069.24

65,237.75

16,635,210.30

1000.000000000

0.000000000

1000.000000000

4.520833378

Fixed

0.00

0.000000000

5.4250000000%

0.000000000

59025WAB2

A-2

55,593,000.00

0.00

55,593,000.00

251,326.69

55,593,000.00

1000.000000000

0.000000000

1000.000000000

4.758333359

Fixed

0.00

0.000000000

5.7100000000%

0.000000000

59025WAC0

A-3

65,593,000.00

0.00

65,593,000.00

312,113.36

65,593,000.00

1000.000000000

0.000000000

1000.000000000

4.708333385

Fixed

0.00

0.000000000

5.6500000000%

0.000000000

59025WAD8

A-SB

32,365,000.00

0.00

32,365,000.00

152,385.21

32,365,000.00

1000.000000000

0.000000000

1000.000000000

4.741666682

Fixed

0.00

0.000000000

5.6900000000%

0.000000000

59025WAE6

A-4

326,361,000.00

0.00

326,361,000.00

1,547,495.08

326,361,000.00

997.514675515

0.393371405

0.000000000

997.121304109

4.700787857

Fixed

0.00

0.000000000

5.6550000000%

0.000000000

59025WAF3

A-1A

43,777,000.00

17,220.62

0.00

43,650,979.33

205,786.39

43,668,199.95

1000.000000000

0.000000000

1000.000000000

4.505000000

Fixed

0.00

0.000000000

5.4060000000%

0.000000000

59025WAH9

A-1AF

122,270,000.00

0.00

122,270,000.00

550,826.35

122,270,000.00

1000.000000000

0.000000000

1000.000000000

5.221977064

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAL0

71,156,000.00

0.00

71,156,000.00

371,575.00

71,156,000.00

1000.000000000

0.000000000

1000.000000000

5.221976335

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAM8

AM-A

6,254,000.00

0.00

6,254,000.00

32,658.24

6,254,000.00

1000.000000000

0.000000000

1000.000000000

5.205000286

6.2460000000%

0.00

0.000000000

6.2460000000%

0.000000000

59025WAJ5

AM-AF

17,467,000.00

0.00

17,467,000.00

90,915.74

17,467,000.00

1000.000000000

0.000000000

1000.000000000

5.221977036

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAN6

41,805,000.00

0.00

41,805,000.00

218,304.75

41,805,000.00

1000.000000000

0.000000000

1000.000000000

5.221978231

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAP1

AJ-A

3,675,000.00

0.00

3,675,000.00

19,190.77

3,675,000.00

1000.000000000

0.000000000

1000.000000000

5.221977005

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAK2

AJ-AF

10,263,000.00

0.00

10,263,000.00

53,593.15

10,263,000.00

1000.000000000

0.000000000

1000.000000000

5.221976951

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAQ9/U55922AA3

10,673,000.00

0.00

10,673,000.00

55,734.16

10,673,000.00

1000.000000000

0.000000000

1000.000000000

5.221977234

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAR7/U55922AB1

11,860,000.00

0.00

11,860,000.00

61,932.65

11,860,000.00

1000.000000000

0.000000000

1000.000000000

5.221976632

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAS5/U55922AC9

8,302,000.00

0.00

8,302,000.00

43,352.85

8,302,000.00

1000.000000000

0.000000000

1000.000000000

5.221976870

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAT3/U55922AD7

8,301,000.00

0.00

8,301,000.00

43,347.63

8,301,000.00

Page 2 of 49

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:

6.506324%

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Merrill Lynch Mortgage Trust

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

REMIC II

Statement Date:

1000.000000000

0.000000000

1000.000000000

5.221977234

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAU0/U55922AE5

9,488,000.00

0.00

9,488,000.00

49,546.12

9,488,000.00

1000.000000000

0.000000000

1000.000000000

5.221977234

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAV8/U55922AF2

9,488,000.00

0.00

9,488,000.00

49,546.12

9,488,000.00

1000.000000000

0.000000000

1000.000000000

5.221976766

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAW6/U55922AG0

10,674,000.00

0.00

10,674,000.00

55,739.38

10,674,000.00

1000.000000000

0.000000000

1000.000000000

5.221977401

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAX4/U55922AH8

11,859,000.00

0.00

11,859,000.00

61,927.43

11,859,000.00

1000.000000000

0.000000000

1000.000000000

5.221976766

6.2524623389%

0.00

0.000000000

6.2663725402%

0.000000000

59025WAY2/U55922AJ4

10,674,000.00

0.00

10,674,000.00

55,739.38

10,674,000.00

1000.000000000

0.000000000

1000.000000000

3.605833534

4.3270000000%

0.00

0.000000000

4.3270000000%

0.000000000

59025WAZ9/U55922AK1

8,302,000.00

0.00

8,302,000.00

29,935.63

8,302,000.00

1000.000000000

0.000000000

1000.000000000

3.605834739

4.3270000000%

0.00

0.000000000

4.3270000000%

0.000000000

59025WBA3/U55922AL9

3,558,000.00

0.00

3,558,000.00

12,829.56

3,558,000.00

1000.000000000

0.000000000

1000.000000000

3.605833568

4.3270000000%

0.00

0.000000000

4.3270000000%

0.000000000

59025WBB1/U55922AM7

3,557,000.00

0.00

3,557,000.00

12,825.95

3,557,000.00

1000.000000000

0.000000000

1000.000000000

3.605834739

4.3270000000%

0.00

0.000000000

4.3270000000%

0.000000000

59025WBC9/U55922AN5

3,558,000.00

0.00

3,558,000.00

12,829.56

3,558,000.00

1000.000000000

0.000000000

1000.000000000

3.605834739

4.3270000000%

0.00

0.000000000

4.3270000000%

0.000000000

59025WBD7/U55922AP0

2,372,000.00

0.00

2,372,000.00

8,553.04

2,372,000.00

1000.000000000

0.000000000

1000.000000000

3.605834739

4.3270000000%

0.00

0.000000000

4.3270000000%

0.000000000

59025WBE5/U55922AQ8

3,558,000.00

0.00

3,558,000.00

12,829.56

3,558,000.00

1000.000000000

0.000000000

1000.000000000

2.409591743

4.3270000000%

0.00

(21,281.30)

(1.196241692)

4.3270000000%

0.000000000

59025WBF2/U55922AR6

17,790,134.00

0.00

17,790,134.00

42,866.96

17,790,134.00

998.258180557

0.000000000

997.989030915

0.467563110

0.00

0.000000000

0.5620547254%

0.000000000

59025WBG0/U55922AS4

948,772,134.00

0.00

946,864,182.57

443,610.85

947,119,544.25

0.000000000

0.00

0.000000000

N/A

0.000000000

59025WBH8/U55922AT2

R-I

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

59025WBJ4/U55922AU9

R-II

0.00

Page 3 of 49

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:

6.506324%

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Merrill Lynch Mortgage Trust

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

REMIC II

Statement Date:

Total P&I Payment

0.00

(21,281.30)

948,772,134.00

947,119,544.25

5,179,916.99

Total

946,864,182.57

255,361.68

0.00

4,924,555.31

Page 4 of 49

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:

6.506324%

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Merrill Lynch Mortgage Trust

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

Grantor Trust Z

Statement Date:

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSEG811

GT-Z

0.00

Total P&I Payment

0.00

Total

0.00

Page 5 of 49

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:

6.506324%

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Merrill Lynch Mortgage Trust

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

Grantor Trust E

Statement Date:

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSEG402

GT-E

0.00

Total P&I Payment

0.00

Total

0.00

Page 6 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Statement Date:

Cash Reconciliation Summary

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

3,950,488.78

0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

5,129,270.29

Unscheduled Interest:

Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

45.21

Total

45.21

Less Fee Paid To 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

(21,326.48)

0.00

(21,326.48)

5,079,869.20

(813.86)

(976.54)

0.00

(153,523.48)

(155,313.88)

195,377.21

68,187.85

263,565.06

(8,203.36)

0.00

(8,203.36)

255,361.70

5,335,230.90

947,119,544.64

263,565.06

(8,203.36)

0.00

946,864,182.94

118,389.93

1,876,359.37

68,187.85

1,178,781.51

68,187.85

1,300,682.79

28,119.82

0.00

5,951.76

34,071.58

0.00

Advance Summary (Advance Made by Servicer)

(28,119.82)

Less Other Interest Not Advanced

0.00

1,178,781.51

Workout Fees

Liquidation Fees

0.00

Less Non Recovered

(1,754,458.09)

(118,389.93)

0.00

Cumulative Prepayment Consideration Received

Prepayment Premiums

Yield Maintenance

Other Interest

4,924,555.32

5,179,917.02

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

45.21

Less Fee Strips Paid by Servicer

Page 7 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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

2,960,995.80

0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

4,000,988.98

Unscheduled Interest:

Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

45.21

Total

45.21

Less Fee Paid To 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

(16,870.23)

0.00

(16,870.23)

3,959,553.61

(638.53)

(766.17)

0.00

(117,252.96)

(118,657.66)

183,254.57

63,089.87

246,344.44

(8,203.36)

0.00

(8,203.36)

238,141.08

4,197,694.69

743,521,624.84

246,344.44

(8,203.36)

0.00

743,283,483.76

112,619.79

1,624,959.44

63,089.87

1,039,993.18

63,089.87

1,161,894.46

24,610.35

0.00

5,527.72

30,138.07

0.00

Advance Summary (Advance Made by Servicer)

(24,610.35)

Less Other Interest Not Advanced

0.00

1,039,993.18

Workout Fees

Liquidation Fees

0.00

Less Non Recovered

(1,503,058.16)

(112,619.79)

0.00

Cumulative Prepayment Consideration Received

Prepayment Premiums

Yield Maintenance

Other Interest

3,840,895.95

4,079,037.03

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

45.21

Less Fee Strips Paid by Servicer

Page 8 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Statement Date:

Cash Reconciliation Summary Loan Sub-Group 2a

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

160,320.48

0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

299,108.81

Unscheduled Interest:

Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

Less Fee Paid To 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

(4,456.25)

0.00

(4,456.25)

293,726.42

(46.16)

(55.37)

0.00

(9,615.52)

(9,717.05)

12,122.64

5,097.98

17,220.62

0.00

17,220.62

310,947.04

53,597,919.80

17,220.62

0.00

53,580,699.18

5,770.14

251,399.93

5,097.98

138,788.33

5,097.98

138,788.33

926.14

0.00

424.04

1,350.18

0.00

Advance Summary (Advance Made by Servicer)

(926.14)

Less Other Interest Not Advanced

0.00

138,788.33

Workout Fees

Liquidation Fees

0.00

Less Non Recovered

(251,399.93)

(5,770.14)

0.00

Cumulative Prepayment Consideration Received

Prepayment Premiums

Yield Maintenance

Other Interest

284,009.37

301,229.99

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

Less Fee Strips Paid by Servicer

Page 9 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Statement Date:

Cash Reconciliation Summary Loan Sub-Group 2b

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

829,172.50

0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

829,172.50

Unscheduled Interest:

Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

Less Fee Paid To 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

826,589.17

(129.17)

(155.00)

0.00

(26,655.00)

(26,939.17)

0.00

826,589.17

150,000,000.00

0.00

150,000,000.00

0.00

2,583.33

0.00

2,583.33

0.00

Advance Summary (Advance Made by Servicer)

(2,583.33)

Less Other Interest Not Advanced

0.00

Workout Fees

Liquidation Fees

0.00

Less Non Recovered

0.00

Cumulative Prepayment Consideration Received

Prepayment Premiums

Yield Maintenance

Other Interest

799,650.00

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

Less Fee Strips Paid by Servicer

Page 10 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Interest Adjustments Summary

Statement Date

0.00

21,326.48

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

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

21,326.48

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

45.21

45.21

Total Excess Allocated to the Bonds

(21,281.27)

(21,326.48)

Aggregate Interest Adjustment Allocated to the Bonds

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

45.21

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Interest Income

0.00

Page 11 of 49

Merrill Lynch Mortgage Trust

Class

Accrued

Certificate

Interest

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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

4.7060000000%

16,635,210.30

65,237.75

0.00

65,237.75

0.00

A-1

0.00

30.00%

30.06%

65,237.75

0.00

30/360

5.4250000000%

55,593,000.00

251,326.69

0.00

251,326.69

0.00

A-2

0.00

30.00%

30.06%

251,326.69

0.00

30/360

5.7100000000%

65,593,000.00

312,113.36

0.00

312,113.36

0.00

A-3

0.00

30.00%

30.06%

312,113.36

0.00

30/360

5.6500000000%

32,365,000.00

152,385.21

0.00

152,385.21

0.00

A-SB

0.00

30.00%

30.06%

152,385.21

0.00

30/360

5.6900000000%

326,361,000.00

1,547,495.08

0.00

1,547,495.08

0.00

A-4

0.00

30.00%

30.06%

1,547,495.08

0.00

30/360

5.6550000000%

43,668,199.95

205,786.39

0.00

205,786.39

0.00

A-1A

0.00

30.00%

30.06%

205,786.39

0.00

30/360

5.4060000000%

122,270,000.00

550,826.35

0.00

550,826.35

0.00

A-1AF

0.00

30.00%

30.06%

550,826.35

0.00

30/360

6.2663725402%

71,156,000.00

371,575.00

0.00

371,575.00

0.00

20.00%

20.04%

371,575.00

0.00

30/360

6.2663725402%

6,254,000.00

32,658.24

0.00

32,658.24

0.00

AM-A

0.00

20.00%

20.04%

32,658.24

0.00

30/360

6.2460000000%

17,467,000.00

90,915.74

0.00

90,915.74

0.00

AM-AF

0.00

20.00%

20.04%

90,915.74

0.00

30/360

6.2663725402%

41,805,000.00

218,304.75

0.00

218,304.75

0.00

14.13%

14.15%

218,304.75

0.00

30/360

6.2663725402%

3,675,000.00

19,190.77

0.00

19,190.77

0.00

AJ-A

0.00

14.13%

14.15%

19,190.77

0.00

30/360

6.2663725402%

10,263,000.00

53,593.15

0.00

53,593.15

0.00

AJ-AF

0.00

14.13%

14.15%

53,593.15

0.00

30/360

6.2663725402%

10,673,000.00

55,734.16

0.00

55,734.16

0.00

13.00%

13.03%

55,734.16

0.00

30/360

6.2663725402%

11,860,000.00

61,932.65

0.00

61,932.65

0.00

11.75%

11.77%

61,932.65

0.00

30/360

6.2663725402%

8,302,000.00

43,352.85

0.00

43,352.85

0.00

10.88%

10.90%

43,352.85

0.00

30/360

6.2663725402%

8,301,000.00

43,347.63

0.00

43,347.63

0.00

10.00%

10.02%

43,347.63

0.00

30/360

6.2663725402%

9,488,000.00

49,546.12

0.00

49,546.12

0.00

9.00%

9.02%

49,546.12

0.00

30/360

6.2663725402%

9,488,000.00

49,546.12

0.00

49,546.12

0.00

8.00%

8.02%

49,546.12

0.00

30/360

6.2663725402%

10,674,000.00

55,739.38

0.00

55,739.38

0.00

6.88%

6.89%

55,739.38

0.00

30/360

6.2663725402%

11,859,000.00

61,927.43

0.00

61,927.43

0.00

5.63%

5.64%

61,927.43

0.00

30/360

6.2663725402%

10,674,000.00

55,739.38

0.00

55,739.38

0.00

4.50%

4.51%

55,739.38

0.00

30/360

4.3270000000%

8,302,000.00

29,935.63

0.00

29,935.63

0.00

3.63%

29,935.63

0.00

30/360

4.3270000000%

3,558,000.00

12,829.56

0.00

12,829.56

0.00

3.25%

3.26%

12,829.56

0.00

30/360

4.3270000000%

3,557,000.00

12,825.95

0.00

12,825.95

0.00

2.88%

12,825.95

0.00

Page 12 of 49

(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).

Merrill Lynch Mortgage Trust

Class

Accrued

Certificate

Interest

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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

4.3270000000%

3,558,000.00

12,829.56

0.00

12,829.56

0.00

2.50%

2.51%

12,829.56

0.00

30/360

4.3270000000%

2,372,000.00

8,553.04

0.00

8,553.04

0.00

2.25%

8,553.04

0.00

30/360

4.3270000000%

3,558,000.00

12,829.56

0.00

12,829.56

0.00

1.88%

12,829.56

0.00

30/360

4.3270000000%

17,790,134.00

64,148.26

0.00

75,649.69

-21,281.30

32,782.73

0.00%

42,866.96

0.00

30/360

0.5620547254%

947,119,544.25

443,610.85

0.00

443,610.85

0.00

443,610.85

0.00

N/A

0.00

R-I

0.00

N/A

0.00

R-II

0.00

N/A

0.00

GT-Z

0.00

N/A

0.00

GT-E

0.00

4,945,836.61

0.00

4,957,338.04

4,924,555.31

-21,281.30

32,782.73

0.00

Page 13 of 49

Merrill Lynch Mortgage Trust

Class

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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

65,237.75

0.00

1-Dec-2008

1-Jan-2009

0.00

A-1

0.00

251,326.69

0.00

1-Dec-2008

1-Jan-2009

0.00

A-2

0.00

312,113.36

0.00

1-Dec-2008

1-Jan-2009

0.00

A-3

0.00

152,385.21

0.00

1-Dec-2008

1-Jan-2009

0.00

A-SB

0.00

1,547,495.08

0.00

1-Dec-2008

1-Jan-2009

0.00

A-4

0.00

205,786.39

0.00

1-Dec-2008

1-Jan-2009

0.00

A-1A

0.00

550,826.35

0.00

1-Dec-2008

1-Jan-2009

0.00

A-1AF

0.00

371,575.00

0.00

1-Dec-2008

1-Jan-2009

0.00

32,658.24

0.00

1-Dec-2008

1-Jan-2009

0.00

AM-A

0.00

90,915.74

0.00

1-Dec-2008

1-Jan-2009

0.00

AM-AF

0.00

218,304.75

0.00

1-Dec-2008

1-Jan-2009

0.00

19,190.77

0.00

1-Dec-2008

1-Jan-2009

0.00

AJ-A

0.00

53,593.15

0.00

1-Dec-2008

1-Jan-2009

0.00

AJ-AF

0.00

55,734.16

0.00

1-Dec-2008

1-Jan-2009

0.00

61,932.65

0.00

1-Dec-2008

1-Jan-2009

0.00

43,352.85

0.00

1-Dec-2008

1-Jan-2009

0.00

43,347.63

0.00

1-Dec-2008

1-Jan-2009

0.00

49,546.12

0.00

1-Dec-2008

1-Jan-2009

0.00

49,546.12

0.00

1-Dec-2008

1-Jan-2009

0.00

55,739.38

0.00

1-Dec-2008

1-Jan-2009

0.00

61,927.43

0.00

1-Dec-2008

1-Jan-2009

0.00

55,739.38

0.00

1-Dec-2008

1-Jan-2009

0.00

29,935.63

0.00

1-Dec-2008

1-Jan-2009

0.00

12,829.56

0.00

1-Dec-2008

1-Jan-2009

0.00

12,825.95

0.00

1-Dec-2008

1-Jan-2009

0.00

Page 14 of 49

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

Merrill Lynch Mortgage Trust

Class

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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

12,829.56

0.00

1-Dec-2008

1-Jan-2009

0.00

8,553.04

0.00

1-Dec-2008

1-Jan-2009

0.00

12,829.56

0.00

1-Dec-2008

1-Jan-2009

0.00

75,649.69

42,866.96

0.00

1-Dec-2008

1-Jan-2009

0.00

11,501.43

0.00

443,610.85

0.00

1-Dec-2008

1-Jan-2009

0.00

1-Dec-2008

1-Jan-2009

0.00

R-I

0.00

1-Dec-2008

1-Jan-2009

0.00

R-II

0.00

1-Dec-2008

1-Jan-2009

0.00

GT-Z

0.00

1-Dec-2008

1-Jan-2009

0.00

GT-E

0.00

4,957,338.04

4,924,555.31

11,501.43

0.00

Page 15 of 49

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

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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%

30.06%

2/14/2051

16,397,069.24

0.00

16,635,210.30

18,179,000.00

238,141.06

0.00

A-2

30.00%

30.06%

2/14/2051

55,593,000.00

0.00

55,593,000.00

0.00

A-3

30.00%

30.06%

2/14/2051

65,593,000.00

0.00

65,593,000.00

0.00

A-SB

30.00%

30.06%

2/14/2051

32,365,000.00

0.00

32,365,000.00

0.00

A-4

30.00%

30.06%

2/14/2051

326,361,000.00

0.00

326,361,000.00

0.00

A-1A

30.00%

30.06%

2/14/2051

43,650,979.33

0.00

43,668,199.95

43,777,000.00

17,220.62

0.00

A-1AF

30.00%

30.06%

2/14/2051

122,270,000.00

0.00

122,270,000.00

0.00

20.00%

20.04%

2/14/2051

71,156,000.00

0.00

71,156,000.00

0.00

AM-A

20.00%

20.04%

2/14/2051

6,254,000.00

0.00

6,254,000.00

0.00

AM-AF

20.00%

20.04%

2/14/2051

17,467,000.00

0.00

17,467,000.00

0.00

14.13%

14.15%

2/14/2051

41,805,000.00

0.00

41,805,000.00

0.00

AJ-A

14.13%

14.15%

2/14/2051

3,675,000.00

0.00

3,675,000.00

0.00

AJ-AF

14.13%

14.15%

2/14/2051

10,263,000.00

0.00

10,263,000.00

0.00

13.00%

13.03%

2/14/2051

10,673,000.00

0.00

10,673,000.00

0.00

11.75%

11.77%

2/14/2051

11,860,000.00

0.00

11,860,000.00

0.00

10.88%

10.90%

2/14/2051

8,302,000.00

0.00

8,302,000.00

0.00

10.00%

10.02%

2/14/2051

8,301,000.00

0.00

8,301,000.00

0.00

9.00%

9.02%

2/14/2051

9,488,000.00

0.00

9,488,000.00

0.00

8.00%

8.02%

2/14/2051

9,488,000.00

0.00

9,488,000.00

0.00

6.88%

6.89%

2/14/2051

10,674,000.00

0.00

10,674,000.00

0.00

5.63%

5.64%

2/14/2051

11,859,000.00

0.00

11,859,000.00

0.00

4.50%

4.51%

2/14/2051

10,674,000.00

0.00

10,674,000.00

0.00

Page 16 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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

3.63%

2/14/2051

8,302,000.00

0.00

8,302,000.00

0.00

3.25%

3.26%

2/14/2051

3,558,000.00

0.00

3,558,000.00

0.00

2.88%

2/14/2051

3,557,000.00

0.00

3,557,000.00

0.00

2.50%

2.51%

2/14/2051

3,558,000.00

0.00

3,558,000.00

0.00

2.25%

2/14/2051

2,372,000.00

0.00

2,372,000.00

0.00

1.88%

2/14/2051

3,558,000.00

0.00

3,558,000.00

0.00

0.00%

2/14/2051

17,790,134.00

0.00

17,790,134.00

0.00

R-I

2/14/2051

0.00

R-II

2/14/2051

0.00

GT-Z

2/14/2051

0.00

GT-E

2/14/2051

0.00

255,361.68

0.00

948,772,134.00

946,864,182.57

947,119,544.25

0.00

Page 17 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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

59025WAA4

AAA

Aaa

AAA

A-2

59025WAB2

AAA

Aaa

AAA

A-3

59025WAC0

AAA

Aaa

AAA

A-SB

59025WAD8

AAA

Aaa

AAA

A-4

59025WAE6

AAA

Aaa

AAA

A-1A

59025WAF3

AAA

Aaa

AAA

A-1AF

59025WAH9

AAA

Aaa

AAA

59025WAL0

AAA

Aaa

AAA

AM-A

59025WAM8

AAA

Aaa

AAA

AM-AF

59025WAJ5

AAA

Aaa

AAA

59025WAN6

AAA

Aaa

AAA

AJ-A

59025WAP1

AAA

Aaa

AAA

AJ-AF

59025WAK2

AAA

Aaa

AAA

59025WAQ9

AA+

Aa1

AA+

59025WAR7

Aa2

59025WAS5

AA-

Aa3

AA-

59025WAT3

A+

59025WAU0

59025WAV8

A-

59025WAW6

BBB+

Baa1

BBB+

59025WAX4

BBB

Baa2

BBB

59025WAY2

BBB-

Baa3

BBB-

Page 18 of 49

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:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

59025WAZ9

BB+

Ba1

BB+

59025WBA3

Ba2

59025WBB1

BB-

Ba3

BB-

59025WBC9

B+

59025WBD7

59025WBE5

B-

59025WBF2

59025WBG0

AAA

Aaa

AAA

GT-Z

9ABSEG811

GT-E

9ABSEG402

Page 19 of 49

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

investors obtain current rating information directly from the rating agency.

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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:

1.09%

0.33%

1.09%

1.03%

0.00%

0.00

0.00%

13.04%

10.77%

1/14/2009

3,123,000.00

9,785,000.00

0.00

101,973,306.06

0.00

10.87%

9.92%

0.00%

0.00

0.00%

11.96%

10.09%

12/12/2008

93,908,000.00

0.00

95,528,000.00

0.00

0.00%

0.00

0.00%

10.87%

9.91%

11/17/2008

0.00

93,908,000.00

0.00

0.00%

0.00

0.00%

10/15/2008

0.00

0.00%

0.00

0.00%

9/12/2008

0.00

0.00%

0.00

0.00%

8/14/2008

0.00

0.00%

0.00

0.00%

7/14/2008

0.00

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

Page 20 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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:

Loan Group 1

1.25%

0.42%

1.25%

1.32%

0.00%

0.00

0.00%

12.50%

10.93%

1/14/2009

3,123,000.00

9,785,000.00

0.00

81,273,306.06

0.00

10.00%

9.85%

0.00%

0.00

0.00%

11.25%

10.06%

12/12/2008

73,208,000.00

0.00

74,828,000.00

0.00

0.00%

0.00

0.00%

10.00%

9.84%

11/17/2008

0.00

73,208,000.00

0.00

0.00%

0.00

0.00%

10/15/2008

0.00

0.00%

0.00

0.00%

9/12/2008

0.00

0.00%

0.00

0.00%

8/14/2008

0.00

0.00%

0.00

0.00%

7/14/2008

0.00

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

Page 21 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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:

Loan Sub-Group 2a

0.00%

0.00

0.00%

18.18%

38.63%

1/14/2009

0.00

20,700,000.00

0.00

18.18%

38.62%

0.00%

0.00

0.00%

18.18%

38.62%

12/12/2008

20,700,000.00

0.00

20,700,000.00

0.00

0.00%

0.00

0.00%

18.18%

38.61%

11/17/2008

0.00

20,700,000.00

0.00

0.00%

0.00

0.00%

10/15/2008

0.00

0.00%

0.00

0.00%

9/12/2008

0.00

0.00%

0.00

0.00%

8/14/2008

0.00

0.00%

0.00

0.00%

7/14/2008

0.00

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

Page 22 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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:

Loan Sub-Group 2b

0.00%

0.00

0.00%

1/14/2009

0.00

0.00%

0.00

0.00%

12/12/2008

0.00

0.00%

0.00

0.00%

11/17/2008

0.00

0.00%

0.00

0.00%

10/15/2008

0.00

0.00%

0.00

0.00%

9/12/2008

0.00

0.00%

0.00

0.00%

8/14/2008

0.00

0.00%

0.00

0.00%

7/14/2008

0.00

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

Page 23 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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

96,671.26

0.00

11-Dec-08

95,480.00

0.00

13-Nov-08

1-Dec-08

97,688.83

0.00

11-Dec-08

76,492.50

0.00

13-Nov-08

11-Dec-08

89,066.54

0.00

11-Dec-08

69,810.28

0.00

13-Nov-08

11-Oct-08

53,167.88

157,788.56

0.00

13-Nov-08

11-Dec-08

54,376.58

0.00

13-Nov-08

11-Dec-08

48,850.54

0.00

11-Dec-08

47,247.45

0.00

13-Nov-08

11-Dec-08

48,533.51

0.00

17-Nov-08

11-Dec-08

51,910.90

0.00

11-Dec-08

42,871.98

0.00

15-Dec-08

11-Dec-08

35,859.25

0.00

17-Nov-08

11-Dec-08

35,323.21

0.00

13-Nov-08

11-Dec-08

30,863.44

0.00

11-Dec-08

33,363.72

0.00

11-Dec-08

24,897.96

0.00

8-Dec-08

25,508.94

0.00

11-Dec-08

21,924.80

0.00

8-Dec-08

21,947.67

0.00

11-Dec-08

17,387.56

0.00

11-Nov-08

17,856.62

35,137.22

0.00

13-Nov-08

11-Dec-08

21,340.55

0.00

11-Dec-08

18,167.62

0.00

11-Dec-08

15,792.37

0.00

1-Dec-08

13,717.48

0.00

Page 24 of 49

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 :

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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:

11-Dec-08

12,889.80

0.00

1-Dec-08

10,287.46

0.00

11-Dec-08

9,011.70

0.00

17-Nov-08

11-Dec-08

8,660.96

0.00

1,246,969.36

1,368,870.64

Total

Page 25 of 49

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 :

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

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

Series 2008-C1

14-Jan-09

100.00%

946,864,183

99.80%

0.00%

353

6.51%

6.27%

12-Dec-08

100.00%

947,119,545

99.83%

0.00%

353

6.31%

6.27%

17-Nov-08

100.00%

947,428,264

99.86%

0.00%

354

6.51%

6.46%

15-Oct-08

100.00%

947,681,659

99.89%

0.00%

354

6.31%

6.27%

12-Sep-08

100.00%

947,979,265

99.92%

0.00%

355

6.51%

6.46%

14-Aug-08

100.00%

948,229,670

99.94%

0.00%

355

6.51%

6.46%

14-Jul-08

100.00%

948,478,716

99.97%

0.00%

356

6.31%

6.27%

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

Page 26 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

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:

Loan Group 1

Amort

Series 2008-C1

14-Jan-09

86.96%

743,283,484

78.34%

0.00%

354

6.47%

5.68%

12-Dec-08

86.96%

743,521,625

78.37%

0.00%

100

354

6.28%

6.23%

17-Nov-08

86.96%

743,810,726

78.40%

0.00%

101

355

6.47%

6.42%

15-Oct-08

86.96%

744,047,097

78.42%

0.00%

102

355

6.28%

6.23%

12-Sep-08

86.96%

744,325,273

78.45%

0.00%

103

356

6.47%

6.42%

14-Aug-08

86.96%

744,558,847

78.48%

0.00%

104

356

6.47%

6.42%

14-Jul-08

86.96%

744,791,152

78.50%

0.00%

105

357

6.28%

6.23%

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

Page 27 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

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:

Loan Sub-Group 2a

Amort

Series 2008-C1

14-Jan-09

11.96%

53,580,699

5.65%

0.00%

103

335

6.71%

6.46%

12-Dec-08

11.96%

53,597,920

5.65%

0.00%

104

336

6.49%

6.46%

17-Nov-08

11.96%

53,617,538

5.65%

0.00%

105

336

6.71%

6.67%

15-Oct-08

11.96%

53,634,563

5.65%

0.00%

106

337

6.49%

6.46%

12-Sep-08

11.96%

53,653,992

5.66%

0.00%

107

337

6.71%

6.67%

14-Aug-08

11.96%

53,670,823

5.66%

0.00%

108

337

6.71%

6.67%

14-Jul-08

11.96%

53,687,563

5.66%

0.00%

109

338

6.49%

6.46%

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

Page 28 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

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:

Loan Sub-Group 2b

Amort

Series 2008-C1

14-Jan-09

1.09%

150,000,000

15.81%

0.00%

6.63%

6.40%

12-Dec-08

1.09%

150,000,000

15.81%

0.00%

6.42%

6.40%

17-Nov-08

1.09%

150,000,000

15.81%

0.00%

6.63%

6.61%

15-Oct-08

1.09%

150,000,000

15.81%

0.00%

6.42%

6.40%

12-Sep-08

1.09%

150,000,000

15.81%

0.00%

6.63%

6.61%

14-Aug-08

1.09%

150,000,000

15.81%

0.00%

6.63%

6.61%

14-Jul-08

1.09%

150,000,000

15.81%

0.00%

6.42%

6.40%

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

Page 29 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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 30 of 49

Merrill Lynch Mortgage Trust

Mortgage Loan Characteristics

Series 2008-C1

Commercial Mortgage Pass-Through Certificates

31-Dec-08

13-Feb-09

12-Dec-08

14-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 31 of 49

Current Scheduled

Balance

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

14,172,064

1.50

102

6.35

0.00

1,999,999

67,324,450

7.11

110

6.50

0.00

2,000,000

4,000,000

40,180,761

4.24

102

6.38

0.00

4,000,000

5,000,000

27,497,309

2.90

6.27

0.00

5,000,000

6,000,000

51,107,108

5.40

107

6.46

0.00

6,000,000

7,000,000

61,398,225

6.48

111

6.06

0.00

7,000,000

8,000,000

99,527,341

10.51

106

6.57

0.00

8,000,000

10,000,000

55,858,613

5.90

104

6.12

0.00

10,000,000

13,000,000

107,526,354

11.36

105

6.32

0.00

13,000,000

20,000,000

144,999,041

15.31

6.03

0.00

20,000,000

50,000,000

127,272,917

13.44

6.32

0.62

50,000,000

100,000,000

150,000,000

15.84

6.42

0.00

100,000,000

Above

150,000,000

926,608

946,864,183

100.00

Average Schedule Balance

Maximum Schedule Balance

Minimum Schedule Balance

10,292,002

Current Mortgage

Interest Rate

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

14,350,000

1.52

102

5.20

0.00

4.900%

5.600%

11,100,000

1.17

101

5.62

0.00

5.600%

5.700%

24,181,904

2.55

100

5.76

0.00

5.700%

5.800%

22,625,441

2.39

103

5.84

0.00

5.800%

5.900%

86,051,251

9.09

103

5.92

0.00

5.900%

6.000%

241,111,237

25.46

6.14

0.32

6.000%

6.250%

271,421,165

28.67

6.40

0.00

6.250%

6.500%

276,023,184

29.15

110

6.66

0.00

6.500%

Above

946,864,183

Minimum Mortgage Interest Rate

Maximum Mortgage Interest Rate

100.00

4.900%

6.950%

Fully Amortizing

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

121

10,404,401

1.10

181

6.55

0.00

122

Above

223

166

10,404,401

Minimum Remaining Term

Maximum Remaining Term

1.10

Balloon

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

204,197,529

21.57

6.31

0.00

70,109,901

7.40

6.16

1.12

662,152,352

69.93

105

6.32

0.00

121

0.00

122

Above

111

936,459,782

Minimum Remaining Term

Maximum Remaining Term

98.90

Merrill Lynch Mortgage Trust

Mortgage Loan Characteristics

Series 2008-C1

Commercial Mortgage Pass-Through Certificates

31-Dec-08

13-Feb-09

12-Dec-08

14-Jan-09

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Geographic Distribution

Distribution of DSCR (PFY)

Distribution of DSCR (Cutoff)

Page 32 of 49

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

Less than zero

0.00

0.001 1.079

0.00

1.080 1.199

64,166,667

6.78

6.14

1.22

1.200 1.249

0.00

1.250 1.299

0.00

1.300 1.349

0.00

1.350 1.399

0.00

1.400 1.449

0.00

1.450 1.499

0.00

1.500 1.749

0.00

1.750 1.999

0.00

2.000 & Above

882,697,516

93.22

6.32

0.00

Unknown

1.220

946,864,183

100.00

Minimum DSCR

Maximum DSCR

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

133,897,181

14.14

6.25

0.58

1.080 1.199

211,879,992

22.38

105

6.14

0.00

1.200 1.249

44,269,914

4.68

106

6.40

0.00

1.250 1.299

64,074,001

6.77

107

6.52

0.00

1.300 1.349

104,665,326

11.05

6.31

0.00

1.350 1.399

192,572,471

20.34

6.39

0.00

1.400 1.449

11,873,569

1.25

6.21

0.00

1.450 1.499

89,237,809

9.42

111

6.42

0.00

1.500 1.749

91,165,985

9.63

106

6.34

0.00

1.750 1.999

3,227,935

0.34

105

6.19

0.00

2.000 & Above

2.130

1.080

946,864,183

100.00

Minimum DSCR

Maximum DSCR

Geographic

Location

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Multiple States

275,044,062

29.05

6.35

0.00

Maryland

80,934,978

8.55

6.13

0.97

California

79,257,908

8.37

104

6.03

0.00

Massachusetts

50,901,146

5.38

6.02

0.00

Wisconsin

50,019,041

5.28

104

6.20

0.00

Tennessee

39,556,143

4.18

108

6.62

0.00

Kentucky

34,669,787

3.66

105

6.42

0.00

Texas

34,555,614

3.65

105

6.46

0.00

Georgia

31,997,563

3.38

104

6.46

0.00

Minnesota

30,138,803

3.18

107

6.82

0.00

Washington

27,841,909

2.94

106

6.12

0.00

New York

22,830,998

2.41

100

5.50

0.00

Illinois

20,919,347

2.21

6.39

0.00

New Mexico

18,295,759

1.93

106

6.66

0.00

Arizona

17,824,464

1.88

108

6.81

0.00

Indiana

15,733,686

1.66

6.41

0.00

South Carolina

15,100,000

1.59

105

6.28

0.00

Pennsylvania

14,606,000

1.54

103

5.97

0.00

Virginia

13,913,695

1.47

140

6.48

0.00

Ohio

12,228,841

1.29

108

6.77

0.00

New Jersey

12,100,000

1.28

107

6.21

0.00

Kansas

11,906,407

1.26

104

6.09

0.00

Alaska

9,898,007

1.05

110

6.73

0.00

Utah

7,808,186

0.82

148

6.54

0.00

Florida

7,252,840

0.77

109

6.55

0.00

Oregon

4,000,000

0.42

107

6.70

0.00

Colorado

3,050,000

0.32

109

6.43

0.00

Nebraska

2,198,561

0.23

107

6.85

0.00

North Carolina

1,353,830

0.14

105

6.78

0.00

Arkansas

926,608

0.10

102

6.18

0.00

100.00

946,864,183

Merrill Lynch Mortgage Trust

Mortgage Loan Characteristics

Series 2008-C1

Commercial Mortgage Pass-Through Certificates

31-Dec-08

13-Feb-09

12-Dec-08

14-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 33 of 49

Property Types

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Retail

292,503,183

30.89

6.31

0.27

Office

269,141,882

28.42

6.17

0.00

Manufactured Housing

170,052,840

17.96

6.44

0.00

Lodging

114,433,704

12.09

111

6.43

0.00

Multifamily

33,527,859

3.54

102

6.41

0.00

Self Storage

33,451,208

3.53

110

6.28

0.00

Industrial

15,129,043

1.60

6.24

0.00

Mixed Use

7,924,464

0.84

108

6.78

0.00

Other

7,500,000

0.79

5.84

0.00

Various

3,200,000

0.34

108

6.33

0.00

946,864,183

100.00

Amortization Type

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Amortizing Balloon

248,707,443

26.27

104

6.33

0.00

Full Amortizing

10,404,401

1.10

181

6.55

0.00

IO Maturity Balloon

381,444,250

40.29

6.37

0.00

IO/Amortizing/Balloon

306,308,089

32.35

6.21

0.26

946,864,183

100.00

Number of Months

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

40,743,661

4.30

110

0.00

6.59

438,461,461

46.31

101

0.00

6.46

439,016,951

46.37

0.18

6.16

28,642,110

3.02

0.00

5.86

0.00

946,864,183

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

204,197,529

21.57

6.31

0.00

2012

0.00

2013

70,109,901

7.40

6.16

1.12

2014

0.00

2015

0.00

2016

450,746,916

47.60

104

6.19

0.00

2017

211,405,436

22.33

108

6.60

0.00

2018

0.00

2019

10,404,401

1.10

181

6.55

0.00

2020 & Greater

100.00

946,864,183

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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:

6.42%

1-Aug-12

MLMT08C10003

Manufactured Housing

0.00

150,000,000

829,173

31-Dec-07

6.14%

1-Aug-14

MLMT08C10001

Retail

1.22

64,166,667

339,263

6.50%

1-Jan-18

MLMT08C10001

Lodging

0.00

63,106,250

341,826

5.90%

8-Aug-17

MLMT08C10001

Office

0.00

49,800,000

253,012

6.00%

1-Oct-12

MLMT08C10001

Office

0.00

48,880,000

252,547

6.21%

1-Sep-17

MLMT08C10001

Office

0.00

46,319,041

288,165

5.94%

1-Sep-17

MLMT08C10001

Office

0.00

19,060,000

97,492

6.95%

11-Jan-18

MLMT08C10001

Office

0.00

16,000,000

95,756

6.45%

1-Feb-18

MLMT08C10001

Retail

0.00

15,601,818

99,033

6.28%

1-Oct-17

MLMT08C10001

Office

0.00

15,100,000

81,657

6.32%

11-Oct-17

MLMT08C10001

Retail

0.00

14,100,000

76,735

6.52%

11-Jan-18

MLMT08C10001

Retail

0.00

13,958,631

89,307

5.79%

1-Apr-17

MLMT08C10001

Lodging

0.00

13,705,904

82,056

6.72%

11-Sep-17

MLMT08C10002

Multifamily

0.00

12,100,000

70,019

6.21%

1-Dec-17

MLMT08C10001

Retail

0.00

12,100,000

64,705

5.62%

1-Jun-17

MLMT08C10001

Office

0.00

11,100,000

53,718

5.72%

1-Jul-17

MLMT08C10001

Retail

0.00

10,476,000

51,600

6.24%

1-Dec-17

MLMT08C10001

Lodging

0.00

10,082,613

62,737

6.84%

1-Jan-18

MLMT08C10001

Office

0.00

9,900,000

58,311

6.33%

11-Oct-17

MLMT08C10001

Retail

0.00

9,785,000

53,336

5.94%

1-Aug-17

MLMT08C10001

Retail

0.00

9,591,251

58,081

6.83%

1-Feb-18

MLMT08C10002

Manufactured Housing

0.00

9,600,000

56,461

6.81%

11-Feb-18

MLMT08C10001

Retail

0.00

9,300,000

54,537

Page 34 of 49

* 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

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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:

6.40%

11-Nov-17

MLMT08C10001

Retail

0.00

8,900,000

49,004

-8,203

6.50%

8-Jul-17

MLMT08C10001

Retail

0.00

8,740,000

48,920

6.40%

11-Sep-17

MLMT08C10002

Multifamily

0.00

8,600,000

47,396

6.76%

1-Dec-17

MLMT08C10001

Lodging

0.00

8,494,292

55,187

6.69%

11-Nov-17

MLMT08C10001

Retail

0.00

8,450,000

48,679

6.81%

11-Dec-17

MLMT08C10001

Retail

0.00

8,166,798

53,839

6.78%

11-Jan-18

MLMT08C10001

Mixed Use

0.00

7,924,464

52,047

6.23%

1-Nov-17

MLMT08C10001

Retail

0.00

7,900,000

42,381

6.50%

11-Jan-23

MLMT08C10001

Lodging

0.00

7,677,729

70,102

6.22%

1-Dec-17

MLMT08C10001

Self Storage

0.00

7,709,827

47,874

4.90%

1-Jul-17

MLMT08C10001

Retail

0.00

7,650,000

32,281

5.94%

1-Aug-17

MLMT08C10001

Office

0.00

7,600,000

38,858

5.84%

1-Feb-17

MLMT08C10001

Other

0.00

7,500,000

37,730

6.00%

1-Feb-17

MLMT08C10002

Multifamily

0.00

7,436,205

45,566

6.73%

11-Mar-18

MLMT08C10001

Office

0.00

6,896,356

44,985

5.55%

1-Aug-17

MLMT08C10001

Office

0.00

6,700,000

32,037

6.94%

11-Feb-18

MLMT08C10001

Lodging

0.00

6,445,306

42,983

6.46%

11-Feb-18

MLMT08C10001

Retail

0.00

6,350,000

35,324

6.63%

11-Nov-17

MLMT08C10001

Office

0.00

6,300,000

35,968

6.46%

11-Jan-18

MLMT08C10001

Office

0.00

6,235,966

39,655

6.69%

11-Oct-17

MLMT08C10001

Retail

0.00

6,150,000

35,429

6.22%

1-Dec-17

MLMT08C10001

Self Storage

0.00

6,029,480

37,440

5.82%

1-Apr-18

MLMT08C10001

Retail

0.00

5,700,347

33,812

Page 35 of 49

(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

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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:

6.19%

1-Nov-17

MLMT08C10001

Retail

0.00

5,629,433

42,200

6.57%

1-Feb-18

MLMT08C10001

Retail

0.00

5,500,000

31,121

6.23%

1-Aug-12

MLMT08C10001

Industrial

0.00

5,317,529

33,179

6.55%

1-Sep-17

MLMT08C10001

Retail

0.00

5,350,000

30,175

6.30%

11-Dec-14

MLMT08C10001

Self Storage

0.00

4,943,234

30,949

6.40%

11-Jan-18

MLMT08C10001

Lodging

0.00

4,921,610

33,449

6.41%

1-Sep-17

MLMT08C10001

Office

0.00

4,930,714

31,308

5.85%

1-Sep-17

MLMT08C10001

Retail

0.00

4,650,000

23,424

6.74%

11-Jan-18

MLMT08C10001

Office

0.00

4,500,000

26,118

6.61%

8-Sep-17

MLMT08C10001

Retail

0.00

4,130,000

23,504

6.22%

11-Dec-17

MLMT08C10001

Retail

0.00

4,052,601

25,164

6.22%

1-Dec-17

MLMT08C10001

Self Storage

0.00

4,052,601

25,164

6.70%

1-Dec-17

MLMT08C10002

Manufactured Housing

0.00

4,000,000

23,078

6.53%

11-Jan-18

MLMT08C10001

Retail

0.00

3,935,237

25,203

6.82%

8-Sep-17

MLMT08C10001

Retail

0.00

3,910,080

25,880

6.07%

1-Jun-17

MLMT08C10002

Manufactured Housing

0.00

3,700,000

19,340

6.47%

1-Sep-17

MLMT08C10001

Retail

0.00

3,501,467

22,368

6.44%

11-Dec-17

MLMT08C10001

Industrial

0.00

3,461,515

21,984

6.62%

8-Oct-17

MLMT08C10001

Retail

0.00

3,397,812

22,006

5.88%

1-Jul-17

MLMT08C10001

Industrial

0.00

3,300,000

16,709

6.42%

11-Jul-17

MLMT08C10001

Office

0.00

3,267,000

18,061

6.33%

11-Jan-18

MLMT08C10001

Various

0.00

3,200,000

17,443

6.66%

11-Dec-17

MLMT08C10001

Retail

0.00

3,123,000

17,910

Page 36 of 49

(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

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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:

6.43%

11-Feb-18

MLMT08C10001

Industrial

0.00

3,050,000

16,888

6.73%

11-Mar-18

MLMT08C10001

Office

0.00

3,001,651

19,580

6.71%

11-Dec-27

MLMT08C10001

Self Storage

0.00

2,726,672

21,388

6.63%

1-Nov-17

MLMT08C10001

Retail

0.00

2,684,550

15,327

6.57%

11-Oct-17

MLMT08C10002

Multifamily

0.00

2,628,841

18,213

6.08%

11-Jun-17

MLMT08C10001

Self Storage

0.00

2,583,316

15,904

6.64%

1-Sep-17

MLMT08C10001

Office

0.00

2,565,803

16,674

6.86%

1-Jan-18

MLMT08C10001

Retail

0.00

2,342,644

13,839

6.72%

1-Jan-18

MLMT08C10001

Retail

0.00

2,315,156

16,192

6.50%

11-Dec-17

MLMT08C10001

Retail

0.00

2,310,000

12,930

6.85%

11-Dec-17

MLMT08C10001

Retail

0.00

2,198,561

14,416

6.27%

1-Nov-17

MLMT08C10001

Self Storage

0.00

2,100,000

11,338

6.59%

1-Aug-17

MLMT08C10001

Retail

0.00

2,021,146

13,079

6.03%

1-Aug-17

MLMT08C10001

Self Storage

0.00

1,952,247

12,923

6.63%

1-Nov-17

MLMT08C10001

Retail

0.00

1,818,375

10,381

6.47%

1-Dec-17

MLMT08C10002

Manufactured Housing

0.00

1,752,840

13,389

6.48%

11-Jan-18

MLMT08C10001

Retail

0.00

1,620,000

9,040

5.85%

1-Aug-17

MLMT08C10002

Multifamily

0.00

1,475,094

8,849

6.78%

1-Oct-17

MLMT08C10001

Self Storage

0.00

1,353,830

8,913

6.22%

11-Jul-17

MLMT08C10002

Multifamily

0.00

1,287,718

8,683

6.69%

1-Oct-14

MLMT08C10002

Manufactured Housing

0.00

1,000,000

5,761

6.16%

1-Sep-17

MLMT08C10001

Office

0.00

985,351

6,099

6.18%

1-Jul-17

MLMT08C10001

Retail

0.00

926,608

6,226

Page 37 of 49

(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

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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:

946,864,183

5,398,787

(8,203)

Page 38 of 49

(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

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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 39 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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

13-Nov-08

14,100,000

105

6.32%

11-Oct-17

Retail

14,100,000

13-Nov-08

12,100,000

104

6.72%

11-Sep-17

Multifamily

12,100,000

13-Nov-08

9,785,000

105

6.33%

11-Oct-17

Retail

9,785,000

13-Nov-08

9,300,000

109

6.81%

11-Feb-18

Retail

9,300,000

13-Nov-08

8,600,000

104

6.40%

11-Sep-17

Multifamily

8,600,000

17-Nov-08

8,450,000

106

6.69%

11-Nov-17

Retail

8,450,000

15-Dec-08

6,445,306

109

349

6.94%

11-Feb-18

Lodging

6,449,745

17-Nov-08

6,300,000

106

6.63%

11-Nov-17

Office

6,300,000

13-Nov-08

6,150,000

105

6.69%

11-Oct-17

Retail

6,150,000

13-Nov-08

3,123,000

107

6.66%

11-Dec-17

Retail

3,123,000

13-Nov-08

16,000,000

108

6.95%

11-Jan-18

Office

16,000,000

17-Nov-08

1,620,000

108

360

6.48%

11-Jan-18

Retail

1,620,000

101,973,306

101,977,745

Page 40 of 49

(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

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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

Disclosure

Control #

Resolution

Strategy

Comments

Statement Date:

Other/TBD

The Sponsor (DBSI Inc.) and Master Lease Tenant for the subject loan has declared bankruptcy. DBSI Inc is also subject to a class action

lawsuit from the TIC investors. As of the date of this report, the loan is next due for the 11/08 payment. The subject property is a 144,632

SF anchored shopping center located in Louisville, KY. Occupancy was 97% as of the 04/30/08 rent roll.

Other/TBD

The Sponsor (DBSI Inc.) and Master Lease Tenant for the subject loan has declared bankruptcy. DBSI Inc is also subject to a class action

lawsuit from the TIC investors. As of the date of this report, the loan is next due for the 11/08 payment. The subject property is a 200-unit

apartment complex located in Gainesville, FL.

Other/TBD

The Sponsor (DBSI Inc.) and Master Lease Tenant for the subject loan has declared bankruptcy. DBSI Inc is also subject to a class action

lawsuit from the TIC investors. As of the date of this report, the loan is next due for the 11/08 payment. The subject property is a 52,681 SF

retail center located in Marietta, GA. Occupancy was 75.6% as of the 04/30/08 rent roll.

Other/TBD

The Sponsor (DBSI Inc.) and Master Lease Tenant for the subject loan has declared bankruptcy. DBSI Inc is also subject to a class action

lawsuit from the TIC investors. As of the date of this report, the loan is next due for the 11/08 payment. The subject property is a 65,706 SF

anchored shopping center located in Collierville, TN. Occupancy was 86.6% as of the 09/30/08 rent roll.

Other/TBD

The Sponsor (DBSI Inc.) and Master Lease Tenant for the subject loan has declared bankruptcy. DBSI Inc is also subject to a class action

lawsuit from the TIC investors. As of the date of this report, the loan is next due for the 11/08 payment. The subject property is a 158-unit

apartment complex located in Georgetown, KY. Occupancy was 95% as of the 03/28/08 rent roll.

Other/TBD

The Sponsor (DBSI Inc.) and Master Lease Tenant for the subject loan has declared bankruptcy. DBSI Inc is also subject to a class action

lawsuit from the TIC investors. As of the date of this report, the loan is next due for the 11/08 payment. The subject property is an 113,510

SF anchored shopping center located in Waite Park, MN. Occupancy was 82.6% as of the 04/30/08 rent roll.

Other/TBD

Loan transferred to Special Servicing on 12/15/2008 from Wachovia due to imminent default. Loan is due for 12/01/2008.

Other/TBD

The Sponsor (DBSI Inc.) and Master Lease Tenant for the subject loan has declared bankruptcy. DBSI Inc is also subject to a class action

lawsuit from the TIC investors. As of the date of this report, the loan is next due for the 11/08 payment. The subject property is an 114,187

SF office building located in Albuquerque, NM. Occupancy was 82.6% as of the 12/31/2007 rent roll.

Bankruptcy

The Sponsor (DBSI Inc.) and Master Lease Tenant for the subject loan has declared bankruptcy. DBSI Inc is also subject to a class action

lawsuit from the TIC investors. As of the date of this report, the loan is next due for the 11/08 payment. The subject property is a 41,470 SF

retail center located in San Antonio, TX. Occupancy was 94.6% as of the 04/30/08 rent roll.

Other/TBD

The Sponsor (DBSI Inc.) and Master Lease Tenant for the subject loan has declared bankruptcy. DBSI Inc is also subject to a class action

lawsuit from the TIC investors. As of the date of this report, the loan is next due for the 11/08 payment. The subject property is a 35,453 SF

retail center located in South Waite Park, MN. Occupancy was 70% as of the 04/30/08 rent roll.

Other/TBD

The Sponsor (DBSI Inc.) and Master Lease Tenant for the subject loan has declared bankruptcy. DBSI Inc is also subject to a class action

lawsuit from the TIC investors. As of the date of this report, the loan is next due for the 12/08 payment. The subject property is a 212,959

SF office building located in downtown St. Paul, MN. Occupancy was 89.7% as of the 06/30/08 rent roll.

Other/TBD

01/05/09: Loan was transferred to Special Servicing on 11/17/08. The property is a two tenant retail deal located in Jordan, Utah with two

tenants. The major tenant Bajio Restaurant vacated the building leaving only Starbucks. The property is 5,000/s f and is now with the loss of

the tenant only 32% leased. The borrower is requesting a loan modification or forbearance until a new tenant can be found for the space. The

loan is due for 01/01/08 payment. Midland has completed the site inspection and found the property to be in good condition but in an average

area with limited growth.

Page 41 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Modified Loan Detail

Disclosure

Control #

Modification

Date

Cutoff

Maturity

Date

Modification

Description

Modified

Maturity

Date

Statement Date:

Ending

Principal

Balance

Page 42 of 49

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

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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 43 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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 44 of 49

* 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:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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 45 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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 46 of 49

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

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Defeased Loans

Statement Date:

Disclosure

Control #

Page 47 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

Event of Default

Statement Date:

Disclosure

Control #

Page 48 of 49

Merrill Lynch Mortgage Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

14-Jan-09

12-Dec-08

13-Feb-09

31-Dec-08

Commercial Mortgage Pass-Through Certificates

Series 2008-C1

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 49 of 49

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

MLMT 2008-C1 10-D