Banc of America Commercial Mortgage Inc.

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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:

Neemit Desai 312.992.0046

neemit.desai@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 18-19

Page 20

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 21

Page 22-24

Page 25-35

Page 36

Page 37

Page 38

Page 39

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File

Name:

BACM8LS1

BACM8LS1_200901_3.ZIP

Summary of Loan Maturity Extensions

Realized Loss Detail

Collateral Realized Loss

Page 40

Page 41

Page 42

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, N.A.

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

Special Servicer: LNR Partners, Inc.

Underwriter: Banc of America Securities LLC/Lehman Brothers Inc.

Depositor: Banc of America Commercial Mortgage Inc.

Trustee: Wells Fargo Bank Minnesota, N.A.

Closing Date:

18-Mar-2008

First Payment Date:

10-Apr-2008

Rated Final Payment Date:

10-Dec-2049

Determination Date:

6-Jan-2009

Trust Collection Period

12/5/2008 - 1/6/2009

Historical REO Report

Page 43

Page 44

Material Breaches Detail

Page 45

Defeased Loans

Page 1 of 45

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:

6.084104%

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Banc of America Commercial Mortgage Inc.

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

100

REMIC II

Statement Date:

896.369495030

11.755521768

0.000000000

884.613973262

4.433294081

Fixed

0.00

0.000000000

5.9350000000%

0.000000000

20173WAA6

A-1

28,873,000.00

339,417.18

0.00

25,541,459.25

128,002.50

25,880,876.43

1000.000000000

0.000000000

1000.000000000

5.016346488

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAB4

A-2

76,020,000.00

0.00

76,020,000.00

381,342.66

76,020,000.00

1000.000000000

0.000000000

1000.000000000

5.016346544

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAC2

A-3

75,846,000.00

0.00

75,846,000.00

380,469.82

75,846,000.00

1000.000000000

0.000000000

1000.000000000

5.016346493

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAD0

A-4A

134,000,000.00

0.00

134,000,000.00

672,190.43

134,000,000.00

1000.000000000

0.000000000

1000.000000000

5.016346487

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAE8

A-4B

806,996,000.00

0.00

806,996,000.00

4,048,171.55

806,996,000.00

1000.000000000

0.000000000

1000.000000000

4.625000000

Fixed

0.00

0.000000000

5.5500000000%

0.000000000

20173WCB2

A-4BF

20,000,000.00

0.00

20,000,000.00

92,500.00

20,000,000.00

998.894111636

0.117380854

0.000000000

998.776730783

5.010798966

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAF5

A-1A

429,430,000.00

50,406.86

0.00

428,904,691.50

2,151,787.40

428,955,098.36

1000.000000000

0.000000000

1000.000000000

5.016346553

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAG3

A-SM

70,350,000.00

0.00

70,350,000.00

352,899.98

70,350,000.00

1000.000000000

0.000000000

1000.000000000

5.016346470

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAH1

A-M

234,502,000.00

0.00

234,502,000.00

1,176,343.28

234,502,000.00

1000.000000000

0.000000000

1000.000000000

5.016346488

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAJ7

A-J

99,663,000.00

0.00

99,663,000.00

499,944.14

99,663,000.00

1000.000000000

0.000000000

1000.000000000

5.016346607

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAM0/U2006PAB7

32,244,000.00

0.00

32,244,000.00

161,747.08

32,244,000.00

1000.000000000

0.000000000

1000.000000000

5.016346547

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAP3/U2006PAC5

29,312,000.00

0.00

29,312,000.00

147,039.15

29,312,000.00

1000.000000000

0.000000000

1000.000000000

5.016346695

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAR9/U2006PAD3

23,450,000.00

0.00

23,450,000.00

117,633.33

23,450,000.00

1000.000000000

0.000000000

1000.000000000

5.016346695

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAT5/U2006PAE1

23,450,000.00

0.00

23,450,000.00

117,633.33

23,450,000.00

1000.000000000

0.000000000

1000.000000000

5.016346613

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAV0/U2006PAF8

26,381,000.00

0.00

26,381,000.00

132,336.24

26,381,000.00

1000.000000000

0.000000000

1000.000000000

5.016346695

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAX6/U2006PAG6

23,450,000.00

0.00

23,450,000.00

117,633.33

23,450,000.00

1000.000000000

0.000000000

1000.000000000

5.016346547

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WAZ1/U2006PAH4

29,312,000.00

0.00

29,312,000.00

147,039.15

29,312,000.00

Page 2 of 45

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:

6.084104%

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Banc of America Commercial Mortgage Inc.

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

5.016346547

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WBB3/U2006PAJ0

29,312,000.00

0.00

29,312,000.00

147,039.15

29,312,000.00

1000.000000000

0.000000000

1000.000000000

5.016346547

6.0196157830%

0.00

0.000000000

6.0196157830%

0.000000000

20173WBD9/U2006PAK7

29,312,000.00

0.00

29,312,000.00

147,039.15

29,312,000.00

1000.000000000

0.000000000

1000.000000000

4.166666667

5.0000000000%

0.00

0.000000000

5.0000000000%

0.000000000

20173WBF4/U2006PAL5

8,793,000.00

0.00

8,793,000.00

36,637.50

8,793,000.00

1000.000000000

0.000000000

1000.000000000

4.166666667

5.0000000000%

0.00

0.000000000

5.0000000000%

0.000000000

20173WBH0/U2006PAM3

8,793,000.00

0.00

8,793,000.00

36,637.50

8,793,000.00

1000.000000000

0.000000000

1000.000000000

4.166666667

5.0000000000%

0.00

0.000000000

5.0000000000%

0.000000000

20173WBK3/U2006PAN1

8,793,000.00

0.00

8,793,000.00

36,637.50

8,793,000.00

1000.000000000

0.000000000

1000.000000000

4.166666667

5.0000000000%

0.00

0.000000000

5.0000000000%

0.000000000

20173WBM9/U2006PAP6

5,862,000.00

0.00

5,862,000.00

24,425.00

5,862,000.00

1000.000000000

0.000000000

1000.000000000

4.166666667

5.0000000000%

0.00

0.000000000

5.0000000000%

0.000000000

20173WBP2/U2006PAQ4

8,793,000.00

0.00

8,793,000.00

36,637.50

8,793,000.00

1000.000000000

0.000000000

1000.000000000

4.166666951

5.0000000000%

0.00

0.000000000

5.0000000000%

0.000000000

20173WBR8/U2006PAR2

11,725,000.00

0.00

11,725,000.00

48,854.17

11,725,000.00

1000.000000000

0.000000000

1000.000000000

4.084144430

5.0000000000%

0.00

(5,806.49)

(0.082522236)

5.0000000000%

0.000000000

20173WBT4/U2006PAS0

70,362,732.00

0.00

70,362,732.00

287,371.56

70,362,732.00

998.521540186

0.000000000

998.355305674

0.048726957

0.0585564104%

0.00

0.000000000

0.0585589273%

0.000000000

20173WAK4/U2006PAA9

2,345,024,732.00

0.00

2,341,167,883.13

114,265.92

2,341,557,707.17

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSEC567

R-I

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSEC559

R-II

0.00

Total P&I Payment

0.00

(5,806.49)

2,345,024,732.00

2,341,557,706.79

12,130,082.36

Total

2,341,167,882.75

389,824.04

0.00

11,740,258.32

Page 3 of 45

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:

6.084104%

12-Jan-09

10-Dec-08

10-Feb-09

31-Dec-08

Banc of America Commercial Mortgage Inc.

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

9ABSEC575

0.00

Total P&I Payment

0.00

Total

0.00

Page 4 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

Statement Date:

Cash Reconciliation Summary

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

9,568,541.13

0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

12,243,330.20

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

(5,806.45)

0.00

(5,806.45)

(1,935.71)

0.00

(391,535.49)

(393,471.20)

274,698.27

115,125.77

389,824.04

0.00

389,824.04

12,132,018.07

2,341,557,707.17

238

389,824.04

0.00

2,341,167,883.13

238

157,054.95

4,945,741.21

115,125.77

2,674,789.07

115,125.77

2,895,429.32

103,794.23

0.00

24,300.46

128,094.69

0.00

Advance Summary (Advance Made by Servicer)

(103,794.23)

Less Other Interest Not Advanced

0.00

2,674,789.07

Workout Fees

Liquidation Fees

0.00

Less Non Recovered

(4,725,100.96)

(157,054.95)

0.00

Cumulative Prepayment Consideration Received

Prepayment Premiums

Yield Maintenance

Other Interest

11,740,258.32

12,130,082.36

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

12,133,729.52

Page 5 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

7,836,557.94

0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

9,994,353.16

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

(5,806.45)

0.00

(5,806.45)

(1,581.10)

0.00

(319,602.46)

(321,183.56)

245,439.55

93,977.63

339,417.18

0.00

339,417.18

9,923,265.61

1,912,601,770.23

184

339,417.18

0.00

1,912,262,353.05

184

132,070.25

3,802,090.70

93,977.63

2,157,795.22

93,977.63

2,360,525.47

85,095.82

0.00

18,772.45

103,868.27

0.00

Advance Summary (Advance Made by Servicer)

(85,095.82)

Less Other Interest Not Advanced

0.00

2,157,795.22

Workout Fees

Liquidation Fees

0.00

Less Non Recovered

(3,599,360.45)

(132,070.25)

0.00

Cumulative Prepayment Consideration Received

Prepayment Premiums

Yield Maintenance

Other Interest

9,582,267.33

9,921,684.51

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

9,903,450.89

Page 6 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

1,731,983.19

0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

2,248,977.04

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

(354.61)

0.00

(71,933.03)

(72,287.64)

29,258.72

21,148.14

50,406.86

0.00

50,406.86

2,208,752.46

428,955,936.94

50,406.86

0.00

428,905,530.08

24,984.70

1,143,650.51

21,148.14

516,993.85

21,148.14

534,903.85

18,698.41

0.00

5,528.01

24,226.42

0.00

Advance Summary (Advance Made by Servicer)

(18,698.41)

Less Other Interest Not Advanced

0.00

516,993.85

Workout Fees

Liquidation Fees

0.00

Less Non Recovered

(1,125,740.51)

(24,984.70)

0.00

Cumulative Prepayment Consideration Received

Prepayment Premiums

Yield Maintenance

Other Interest

2,157,990.99

2,208,397.85

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

2,230,278.63

Page 7 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

Interest Adjustments Summary

Statement Date

0.00

5,806.45

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

5,806.45

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

(5,806.45)

(5,806.45)

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 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

5.9350000000%

25,880,876.43

128,002.50

0.00

128,002.50

0.00

A-1

0.00

33.00%

33.05%

128,002.50

0.00

30/360

6.0196157830%

76,020,000.00

381,342.66

0.00

381,342.66

0.00

A-2

0.00

33.00%

33.05%

381,342.66

0.00

30/360

6.0196157830%

75,846,000.00

380,469.82

0.00

380,469.82

0.00

A-3

0.00

33.00%

33.05%

380,469.82

0.00

30/360

6.0196157830%

134,000,000.00

672,190.43

0.00

672,190.43

0.00

A-4A

0.00

33.00%

33.05%

672,190.43

0.00

30/360

6.0196157830%

806,996,000.00

4,048,171.55

0.00

4,048,171.55

0.00

A-4B

0.00

33.00%

33.05%

4,048,171.55

0.00

30/360

5.5500000000%

20,000,000.00

92,500.00

0.00

92,500.00

0.00

A-4BF

0.00

33.00%

33.05%

92,500.00

0.00

30/360

6.0196157830%

428,955,098.36

2,151,787.40

0.00

2,151,787.40

0.00

A-1A

0.00

33.00%

33.05%

2,151,787.40

0.00

30/360

6.0196157830%

70,350,000.00

352,899.98

0.00

352,899.98

0.00

A-SM

0.00

30.00%

30.05%

352,899.98

0.00

30/360

6.0196157830%

234,502,000.00

1,176,343.28

0.00

1,176,343.28

0.00

A-M

0.00

20.00%

20.03%

1,176,343.28

0.00

30/360

6.0196157830%

99,663,000.00

499,944.14

0.00

499,944.14

0.00

A-J

0.00

15.75%

15.78%

499,944.14

0.00

30/360

6.0196157830%

32,244,000.00

161,747.08

0.00

161,747.08

0.00

14.38%

14.40%

161,747.08

0.00

30/360

6.0196157830%

29,312,000.00

147,039.15

0.00

147,039.15

0.00

13.13%

13.15%

147,039.15

0.00

30/360

6.0196157830%

23,450,000.00

117,633.33

0.00

117,633.33

0.00

12.13%

12.15%

117,633.33

0.00

30/360

6.0196157830%

23,450,000.00

117,633.33

0.00

117,633.33

0.00

11.13%

11.14%

117,633.33

0.00

30/360

6.0196157830%

26,381,000.00

132,336.24

0.00

132,336.24

0.00

10.00%

10.02%

132,336.24

0.00

30/360

6.0196157830%

23,450,000.00

117,633.33

0.00

117,633.33

0.00

9.00%

9.02%

117,633.33

0.00

30/360

6.0196157830%

29,312,000.00

147,039.15

0.00

147,039.15

0.00

7.75%

7.76%

147,039.15

0.00

30/360

6.0196157830%

29,312,000.00

147,039.15

0.00

147,039.15

0.00

6.50%

6.51%

147,039.15

0.00

30/360

6.0196157830%

29,312,000.00

147,039.15

0.00

147,039.15

0.00

5.25%

5.26%

147,039.15

0.00

30/360

5.0000000000%

8,793,000.00

36,637.50

0.00

36,637.50

0.00

4.88%

36,637.50

0.00

30/360

5.0000000000%

8,793,000.00

36,637.50

0.00

36,637.50

0.00

4.50%

4.51%

36,637.50

0.00

30/360

5.0000000000%

8,793,000.00

36,637.50

0.00

36,637.50

0.00

4.13%

36,637.50

0.00

30/360

5.0000000000%

5,862,000.00

24,425.00

0.00

24,425.00

0.00

3.88%

24,425.00

0.00

30/360

5.0000000000%

8,793,000.00

36,637.50

0.00

36,637.50

0.00

3.50%

3.51%

36,637.50

0.00

30/360

5.0000000000%

11,725,000.00

48,854.17

0.00

48,854.17

0.00

3.00%

3.01%

48,854.17

0.00

Page 9 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

5.0000000000%

70,362,732.00

293,178.05

0.00

295,978.06

-5,806.49

8,606.50

0.00%

287,371.56

0.00

30/360

0.0585589273%

2,341,557,707.17

114,265.92

0.00

114,265.92

0.00

114,265.92

0.00

N/A

0.00

R-I

0.00

N/A

0.00

R-II

0.00

N/A

0.00

11,746,064.81

0.00

11,748,864.82

11,740,258.32

-5,806.49

8,606.50

0.00

Page 10 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

128,002.50

0.00

1-Dec-2008

1-Jan-2009

0.00

A-1

0.00

381,342.66

0.00

1-Dec-2008

1-Jan-2009

0.00

A-2

0.00

380,469.82

0.00

1-Dec-2008

1-Jan-2009

0.00

A-3

0.00

672,190.43

0.00

1-Dec-2008

1-Jan-2009

0.00

A-4A

0.00

4,048,171.55

0.00

1-Dec-2008

1-Jan-2009

0.00

A-4B

0.00

92,500.00

0.00

1-Dec-2008

1-Jan-2009

0.00

A-4BF

0.00

2,151,787.40

0.00

1-Dec-2008

1-Jan-2009

0.00

A-1A

0.00

352,899.98

0.00

1-Dec-2008

1-Jan-2009

0.00

A-SM

0.00

1,176,343.28

0.00

1-Dec-2008

1-Jan-2009

0.00

A-M

0.00

499,944.14

0.00

1-Dec-2008

1-Jan-2009

0.00

A-J

0.00

161,747.08

0.00

1-Dec-2008

1-Jan-2009

0.00

147,039.15

0.00

1-Dec-2008

1-Jan-2009

0.00

117,633.33

0.00

1-Dec-2008

1-Jan-2009

0.00

117,633.33

0.00

1-Dec-2008

1-Jan-2009

0.00

132,336.24

0.00

1-Dec-2008

1-Jan-2009

0.00

117,633.33

0.00

1-Dec-2008

1-Jan-2009

0.00

147,039.15

0.00

1-Dec-2008

1-Jan-2009

0.00

147,039.15

0.00

1-Dec-2008

1-Jan-2009

0.00

147,039.15

0.00

1-Dec-2008

1-Jan-2009

0.00

36,637.50

0.00

1-Dec-2008

1-Jan-2009

0.00

36,637.50

0.00

1-Dec-2008

1-Jan-2009

0.00

36,637.50

0.00

1-Dec-2008

1-Jan-2009

0.00

24,425.00

0.00

1-Dec-2008

1-Jan-2009

0.00

36,637.50

0.00

1-Dec-2008

1-Jan-2009

0.00

48,854.17

0.00

1-Dec-2008

1-Jan-2009

0.00

Page 11 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

295,978.06

287,371.56

0.00

1-Dec-2008

1-Jan-2009

0.00

2,800.01

0.00

114,265.92

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

11,748,864.82

11,740,258.32

2,800.01

0.00

Page 12 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

3.00

1.00

A-1

33.00%

33.05%

12/10/2049

25,541,459.25

0.00

25,880,876.43

28,873,000.00

339,417.18

0.00

A-2

33.00%

33.05%

12/10/2049

76,020,000.00

0.00

76,020,000.00

0.00

A-3

33.00%

33.05%

12/10/2049

75,846,000.00

0.00

75,846,000.00

0.00

A-4A

33.00%

33.05%

12/10/2049

134,000,000.00

0.00

134,000,000.00

0.00

A-4B

33.00%

33.05%

12/10/2049

806,996,000.00

0.00

806,996,000.00

0.00

A-4BF

33.00%

33.05%

12/10/2049

20,000,000.00

0.00

20,000,000.00

0.00

A-1A

33.00%

33.05%

12/10/2049

428,904,691.50

0.00

428,955,098.36

429,430,000.00

50,406.86

0.00

A-SM

30.00%

30.05%

12/10/2049

70,350,000.00

0.00

70,350,000.00

0.00

A-M

20.00%

20.03%

12/10/2049

234,502,000.00

0.00

234,502,000.00

0.00

A-J

15.75%

15.78%

12/10/2049

99,663,000.00

0.00

99,663,000.00

0.00

14.38%

14.40%

12/10/2049

32,244,000.00

0.00

32,244,000.00

0.00

13.13%

13.15%

12/10/2049

29,312,000.00

0.00

29,312,000.00

0.00

12.13%

12.15%

12/10/2049

23,450,000.00

0.00

23,450,000.00

0.00

11.13%

11.14%

12/10/2049

23,450,000.00

0.00

23,450,000.00

0.00

10.00%

10.02%

12/10/2049

26,381,000.00

0.00

26,381,000.00

0.00

9.00%

9.02%

12/10/2049

23,450,000.00

0.00

23,450,000.00

0.00

7.75%

7.76%

12/10/2049

29,312,000.00

0.00

29,312,000.00

0.00

6.50%

6.51%

12/10/2049

29,312,000.00

0.00

29,312,000.00

0.00

5.25%

5.26%

12/10/2049

29,312,000.00

0.00

29,312,000.00

0.00

4.88%

12/10/2049

8,793,000.00

0.00

8,793,000.00

0.00

4.50%

4.51%

12/10/2049

8,793,000.00

0.00

8,793,000.00

0.00

4.13%

12/10/2049

8,793,000.00

0.00

8,793,000.00

0.00

3.88%

12/10/2049

5,862,000.00

0.00

5,862,000.00

0.00

Page 13 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

3.00

24.00

3.50%

3.51%

12/10/2049

8,793,000.00

0.00

8,793,000.00

0.00

3.00%

3.01%

12/10/2049

11,725,000.00

0.00

11,725,000.00

0.00

0.00%

12/10/2049

70,362,732.00

0.00

70,362,732.00

0.00

R-I

12/10/2049

0.00

R-II

12/10/2049

0.00

12/10/2049

0.00

389,824.04

0.00

2,345,024,732.00

2,341,167,882.75

2,341,557,706.79

Page 14 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

20173WAA6

Aaa

AAA

A-2

20173WAB4

Aaa

AAA

A-3

20173WAC2

Aaa

AAA

A-4A

20173WAD0

Aaa

AAA

A-4B

20173WAE8

Aaa

AAA

A-4BF

20173WCB2

Aaa

AAA

A-1A

20173WAF5

Aaa

AAA

A-SM

20173WAG3

Aaa

AAA

A-M

20173WAH1

Aaa

AAA

A-J

20173WAJ7

Aaa

AAA

20173WAM0

Aa1

AA+

20173WAP3

Aa2

20173WAR9

Aa3

AA-

20173WAT5

A+

20173WAV0

20173WAX6

A-

20173WAZ1

Baa1

BBB+

20173WBB3

Baa2

BBB

20173WBD9

Baa3

BBB-

20173WBF4

Ba1

BB+

20173WBH0

Ba2

20173WBK3

Ba3

BB-

Page 15 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

20173WBM9

B+

20173WBP2

20173WBR8

B-

20173WBT4

20173WAK4

Aaa

AAA

9ABSEC575

Page 16 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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:

0.84%

0.61%

0.00%

0.00

0.00%

0.84%

0.66%

1/12/2009

14,175,000.00

0.00

15,375,000.00

0.00

0.00%

0.00

0.00%

0.42%

0.20%

12/10/2008

0.00

4,800,000.00

0.00

0.00%

0.00

0.00%

11/10/2008

0.00

0.00%

0.00

0.00%

10/10/2008

0.00

0.42%

0.12%

0.00%

0.00

0.00%

9/10/2008

2,852,552.39

0.00

0.00%

0.00

0.00%

8/11/2008

0.00

0.00%

0.00

0.00%

7/10/2008

0.00

0.00%

0.00

0.00%

6/10/2008

0.00

0.00%

0.00

0.00%

5/12/2008

0.00

0.00%

0.00

0.00%

4/10/2008

0.00

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

Page 17 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

651,947.22

0.00

1-Dec-08

119,780.52

0.00

1-Dec-08

268,808.22

0.00

1-Dec-08

161,871.66

0.00

1-Dec-08

153,211.30

301,480.30

0.00

1-Dec-08

34,122.22

0.00

1-Dec-08

32,023.65

0.00

1-Dec-08

29,025.69

0.00

1-Dec-08

24,610.52

0.00

1-Dec-08

17,851.48

0.00

1-Dec-08

100,633.76

0.00

1-Dec-08

82,563.34

0.00

1-Dec-08

57,875.28

0.00

1-Dec-08

57,457.81

0.00

1-Nov-08

56,276.63

110,737.88

0.00

17-Dec-08

1-Dec-08

55,233.48

0.00

1-Dec-08

42,193.87

0.00

1-Dec-08

16,608.88

0.00

1-Dec-08

63,130.34

0.00

1-Dec-08

45,336.64

0.00

1-Dec-08

51,759.99

0.00

1-Dec-08

41,038.83

0.00

1-Dec-08

46,838.16

0.00

1-Dec-08

37,207.37

0.00

101

1-Dec-08

34,222.28

0.00

105

1-Dec-08

32,963.33

0.00

108

1-Dec-08

28,830.00

0.00

120

Page 18 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

36,107.67

0.00

123

1-Dec-08

35,286.30

0.00

125

1-Dec-08

25,876.39

0.00

129

1-Dec-08

26,329.33

0.00

10-Nov-08

131

1-Dec-08

25,307.63

0.00

133

1-Dec-08

26,203.03

0.00

139

1-Dec-08

22,328.27

0.00

140

1-Dec-08

29,239.69

0.00

149

1-Dec-08

24,171.06

0.00

156

1-Nov-08

18,507.00

36,417.00

0.00

161

1-Dec-08

22,640.93

0.00

162

1-Dec-08

17,979.23

0.00

168

1-Dec-08

15,473.65

0.00

176

1-Dec-08

15,707.52

0.00

179

1-Dec-08

18,366.49

0.00

180

1-Dec-08

14,871.39

0.00

185

1-Dec-08

13,218.67

0.00

192

1-Dec-08

15,033.89

0.00

197

1-Dec-08

12,549.19

0.00

198

1-Dec-08

8,256.34

0.00

214

1-Dec-08

7,582.08

0.00

218

1-Dec-08

7,142.05

0.00

226

1-Dec-08

8,314.57

0.00

228

2,789,914.84

3,010,555.09

Total

Page 19 of 45

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

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-LS1

12-Jan-09

238

100.00%

2,341,167,883

99.84%

0.00%

100

339

6.08%

5.82%

10-Dec-08

238

100.00%

2,341,557,707

99.85%

0.00%

101

340

6.08%

6.02%

10-Nov-08

238

100.00%

2,342,013,863

99.87%

0.00%

102

341

6.08%

6.02%

10-Oct-08

238

100.00%

2,342,399,076

99.89%

0.00%

103

342

6.08%

6.02%

10-Sep-08

238

100.00%

2,342,822,301

99.91%

0.00%

104

343

6.08%

6.02%

11-Aug-08

238

100.00%

2,343,178,371

99.92%

0.00%

105

344

6.08%

6.02%

10-Jul-08

238

100.00%

2,343,532,505

99.94%

0.00%

106

345

6.08%

6.02%

10-Jun-08

238

100.00%

2,343,940,834

99.95%

0.00%

107

346

6.08%

6.02%

12-May-08

238

100.00%

2,344,285,603

99.97%

0.00%

108

347

6.08%

6.02%

10-Apr-08

238

100.00%

2,344,689,966

99.99%

0.00%

109

348

6.08%

6.02%

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

Page 20 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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 21 of 45

Banc of America Commercial Mortgage Inc.

Mortgage Loan Characteristics

Series 2008-LS1

Commercial Mortgage Pass-Through Certificates

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 22 of 45

Current Scheduled

Balance

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

950,000

2,893,523

0.12

103

6.41

0.49

950,000

1,000,000

44,121,930

1.88

102

6.36

0.16

1,000,000

2,000,000

81,294,308

3.47

103

6.31

0.26

2,000,000

3,000,000

87,676,878

3.75

104

6.28

0.23

3,000,000

4,000,000

104,719,008

4.47

6.19

0.17

4,000,000

5,000,000

258,281,305

11.03

102

6.33

0.27

5,000,000

7,500,000

137,284,043

5.86

103

6.27

0.39

7,500,000

10,000,000

258,497,403

11.04

101

6.15

0.21

10,000,000

15,000,000

294,280,802

12.57

103

6.07

0.13

15,000,000

20,000,000

288,125,000

12.31

103

6.13

0.62

20,000,000

30,000,000

321,993,683

13.75

6.14

0.18

30,000,000

50,000,000

178,000,000

7.60

5.67

0.00

50,000,000

100,000,000

284,000,000

12.13

101

5.66

0.65

100,000,000

Above

150,000,000

950,000

2,341,167,883

238

100.00

Average Schedule Balance

Maximum Schedule Balance

Minimum Schedule Balance

9,836,840

Current Mortgage

Interest Rate

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

0.000%

5.509%

589,843,499

25.19

5.64

0.35

5.510%

5.749%

475,200,050

20.30

5.85

0.26

5.750%

5.990%

283,848,256

12.12

103

6.12

0.17

6.000%

6.249%

100

653,270,177

27.90

103

6.36

0.32

6.250%

6.499%

339,005,901

14.48

104

6.64

0.35

6.500%

7.110%

0.00

7.120%

Above

238

2,341,167,883

Minimum Mortgage Interest Rate

Maximum Mortgage Interest Rate

100.00

5.510%

7.110%

Fully Amortizing

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

120

0.00

121

180

0.00

181

240

0.00

241

Above

0.00

Balloon

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

0.00

119,600,000

5.11

5.86

0.00

232

2,221,567,883

94.89

103

6.10

0.32

120

0.00

121

180

0.00

181

240

0.00

241

Above

114

238

2,341,167,883

Minimum Remaining Term

Maximum Remaining Term

100.00

Banc of America Commercial Mortgage Inc.

Mortgage Loan Characteristics

Series 2008-LS1

Commercial Mortgage Pass-Through Certificates

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 23 of 45

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

41,780,939

1.78

103

6.05

0.92

0.000 1.009

28,250,000

1.21

101

6.18

1.10

1.010 1.199

156,000,000

6.66

101

5.65

1.24

1.200 1.249

3,600,000

0.15

104

6.43

1.29

1.250 1.299

16,186,202

0.69

100

6.36

1.32

1.300 1.349

43,007,155

1.84

104

6.58

1.38

1.350 1.399

6,197,552

0.26

105

6.45

1.46

1.400 1.499

44,557,790

1.90

105

6.46

1.57

1.500 1.599

52,338,310

2.24

104

6.30

1.64

1.600 1.699

15,513,403

0.66

105

6.61

1.72

1.700 1.799

32,000,000

1.37

103

5.76

1.84

1.800 1.899

8,250,000

0.35

5.94

1.98

1.900 1.999

29,713,795

1.27

104

6.31

2.97

2.000 & Above

198

1,863,772,737

79.61

6.09

0.00

Unknown

3.260

0.540

238

2,341,167,883

100.00

Minimum DSCR

Maximum DSCR

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

0.000 1.009

347,106,744

14.83

102

6.19

0.33

1.010 1.199

333,531,289

14.25

103

6.24

0.07

1.200 1.249

525,321,817

22.44

102

5.87

0.43

1.250 1.299

177,978,223

7.60

102

6.23

0.11

1.300 1.349

87,148,228

3.72

6.16

0.31

1.350 1.399

300,134,737

12.82

5.93

0.34

1.400 1.499

339,935,255

14.52

6.08

0.15

1.500 1.599

84,831,364

3.62

104

6.35

0.32

1.600 1.699

28,546,287

1.22

105

6.31

0.00

1.700 1.799

40,641,406

1.74

106

6.38

0.12

1.800 1.899

41,600,000

1.78

104

5.95

0.80

1.900 1.999

34,392,532

1.47

104

6.23

2.09

2.000 & Above

2.780

1.100

238

2,341,167,883

100.00

Minimum DSCR

Maximum DSCR

Geographic

Location

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Virginia

359,891,724

15.37

103

5.76

0.57

Illinois

253,997,913

10.85

102

5.88

0.05

California

248,993,903

10.64

104

6.19

0.19

Arizona

136,915,000

5.85

5.97

0.00

North Carolina

121,989,425

5.21

103

6.12

0.36

Multiple States

113,333,000

4.84

6.19

0.65

Tennessee

90,513,573

3.87

103

6.06

0.21

Maryland

88,230,000

3.77

103

6.13

0.00

Ohio

86,147,395

3.68

105

6.44

0.02

Texas

75,800,805

3.24

103

6.06

0.37

Georgia

71,285,871

3.04

103

6.14

0.16

Florida

66,508,403

2.84

6.18

0.30

Minnesota

57,476,795

2.46

103

6.30

0.08

Pennsylvania

55,312,386

2.36

104

6.49

0.60

Massachusetts

53,699,000

2.29

104

6.31

0.10

Louisiana

47,299,512

2.02

103

6.03

1.24

Michigan

44,419,589

1.90

103

6.23

0.23

Mississippi

40,510,949

1.73

104

6.44

1.77

Nevada

36,525,000

1.56

6.06

0.00

Missouri

34,000,000

1.45

102

6.13

0.00

Delaware

29,280,000

1.25

102

6.14

0.00

New York

26,433,604

1.13

104

6.41

0.00

South Carolina

25,473,541

1.09

103

6.20

0.00

Wisconsin

23,944,000

1.02

104

6.30

0.33

Washington

21,050,000

0.90

100

5.95

0.00

New Hampshire

20,200,000

0.86

100

6.14

0.98

Oregon

19,202,367

0.82

103

5.97

0.00

Utah

16,236,744

0.69

103

6.33

0.33

Indiana

15,322,238

0.65

104

6.46

0.58

Kentucky

13,800,000

0.59

6.30

0.00

Oklahoma

11,195,000

0.48

103

6.21

0.00

Connecticut

10,085,000

0.43

103

5.77

0.71

Colorado

6,950,000

0.30

104

6.29

0.00

West Virginia

6,055,369

0.26

104

6.52

1.31

Alabama

5,378,152

0.23

104

6.63

0.00

Arkansas

4,510,000

0.19

104

6.46

0.00

Maine

3,201,624

0.14

102

6.58

0.00

100.00

2,341,167,883

238

Banc of America Commercial Mortgage Inc.

Mortgage Loan Characteristics

Series 2008-LS1

Commercial Mortgage Pass-Through Certificates

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 24 of 45

Property Types

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Office

1,025,593,471

43.81

102

5.91

0.41

Multifamily

387,262,195

16.54

6.08

0.10

Retail

379,605,025

16.21

104

6.36

0.37

Lodging

234,610,934

10.02

104

6.43

0.32

Industrial

113,706,184

4.86

5.95

0.04

Various

65,378,604

2.79

5.71

0.00

Mobile Home Park

55,043,335

2.35

103

6.41

0.28

Mixed Use

37,203,610

1.59

105

6.42

0.21

Self Storage

29,764,526

1.27

104

6.34

0.18

Other

13,000,000

0.56

101

5.78

0.00

2,341,167,883

238

100.00

Amortization Type

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Amortizing Balloon

331,233,903

14.15

104

6.38

0.28

IO Maturity Balloon

783,021,000

33.45

5.84

0.31

IO/Amortizing/Balloon

146

1,226,912,980

52.41

103

6.16

0.30

2,341,167,883

238

100.00

Number of Months

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

126

1,074,524,699

45.90

104

0.29

6.30

112

1,266,643,185

54.10

0.31

5.90

0.00

238

2,341,167,883

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

119,600,000

5.11

5.86

0.00

2012

0.00

2013

1,500,000

0.06

6.58

1.32

2014

0.00

2015

0.00

2016

222

2,099,396,096

89.67

103

6.09

0.33

2017

17,121,787

0.73

109

6.72

0.00

2018

0.00

2019

103,550,000

4.42

104

6.19

0.00

2020 & Greater

100.00

2,341,167,883

238

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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:

31-Dec-07

5.65%

1-Jun-17

BACM8L11

Office

1.24

150,000,000

729,792

5.68%

1-Jun-17

BACM8L11

Office

0.00

134,000,000

655,409

5.76%

1-Jun-17

BACM8L11

Office

0.00

64,000,000

317,440

5.70%

1-May-12

BACM8L11

Various

0.00

62,000,000

304,317

5.66%

1-Jun-17

BACM8L11

Industrial

0.00

34,700,000

169,124

5.67%

1-Jun-17

BACM8L11

Industrial

0.00

24,795,000

121,062

5.51%

1-Dec-17

BACM8L11

Office

0.00

52,000,000

246,726

6.33%

1-Oct-17

BACM8L11

Lodging

0.00

43,078,399

271,036

6.65%

1-Sep-37

BACM8L11

Office

0.00

40,000,000

229,056

6.01%

1-Sep-17

BACM8L11

Office

0.00

37,690,000

195,056

5.90%

1-Jun-17

BACM8L11

Office

0.00

37,500,000

190,521

6.50%

1-Nov-17

BACM8L11

Office

0.00

32,600,000

182,469

5.84%

1-Aug-12

BACM8L12

Multifamily

0.00

32,500,000

163,551

31-Dec-07

5.76%

1-Aug-17

BACM8L11

Office

1.84

32,000,000

158,720

6.55%

1-Oct-17

BACM8L11

Lodging

0.00

31,925,283

203,315

6.14%

1-Jul-17

BACM8L11

Office

0.00

29,280,000

154,684

5.76%

1-Jun-17

BACM8L11

Office

0.00

28,000,000

138,880

5.58%

1-Aug-17

BACM8L12

Multifamily

0.00

26,800,000

128,774

31-Dec-07

6.80%

5-Oct-17

BACM8L11

Retail

1.59

26,400,000

154,575

6.39%

1-Oct-17

BACM8L11

Retail

0.00

6,260,000

34,446

6.39%

1-Oct-17

BACM8L11

Mixed Use

0.00

5,875,000

32,327

6.39%

1-Oct-17

BACM8L11

Retail

0.00

5,325,000

29,301

6.39%

1-Oct-17

BACM8L11

Mixed Use

0.00

4,515,000

24,844

Page 25 of 45

* 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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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:

6.39%

1-Oct-17

BACM8L11

Retail

0.00

3,275,000

18,021

6.30%

1-Oct-17

BACM8L11

Office

0.00

23,040,000

124,913

6.80%

5-Oct-17

BACM8L11

Retail

1.39

22,710,000

132,970

6.32%

1-Aug-17

BACM8L12

Multifamily

0.00

22,500,000

122,450

31-Dec-07

6.36%

1-Sep-17

BACM8L11

Office

3.26

22,000,000

120,487

5.51%

1-Sep-17

BACM8L11

Office

0.00

21,600,000

102,486

6.03%

1-Sep-17

BACM8L12

Multifamily

0.00

21,000,000

109,043

31-Dec-07

6.42%

1-Sep-17

BACM8L11

Retail

1.67

20,000,000

110,567

5.94%

1-Sep-17

BACM8L11

Office

0.00

19,875,000

101,661

5.89%

1-Sep-17

BACM8L12

Multifamily

0.00

19,646,250

99,560

5.56%

1-Jul-37

BACM8L12

Multifamily

0.00

19,500,000

93,362

6.31%

1-Oct-17

BACM8L11

Lodging

0.00

19,243,488

120,827

5.95%

1-Sep-17

BACM8L11

Office

0.00

18,500,000

94,787

31-Dec-07

5.77%

1-Jul-17

BACM8L11

Office

0.94

18,400,000

91,422

6.10%

1-Apr-17

BACM8L12

Multifamily

1.10

18,000,000

94,550

6.50%

1-Oct-17

BACM8L11

Retail

0.00

17,180,811

109,980

5.70%

1-May-17

BACM8L11

Retail

0.00

17,000,000

83,442

6.22%

1-Aug-17

BACM8L12

Multifamily

0.00

16,739,787

104,340

6.03%

1-Jun-17

BACM8L11

Office

0.00

16,750,000

86,974

6.45%

1-Sep-17

BACM8L11

Lodging

0.00

16,125,466

102,806

6.31%

1-Nov-37

BACM8L11

Office

0.00

16,000,000

86,938

6.33%

1-Nov-17

BACM8L11

Retail

0.00

15,825,000

86,259

6.25%

1-Aug-17

BACM8L12

Multifamily

0.00

15,375,000

82,747

Page 26 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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:

6.08%

1-Jul-17

BACM8L12

Multifamily

0.00

15,120,000

79,162

5.97%

1-Aug-17

BACM8L11

Office

0.00

15,000,000

77,113

6.32%

1-Aug-17

BACM8L11

Office

0.00

14,150,000

77,007

5.76%

1-Jun-17

BACM8L11

Office

0.00

14,080,000

69,837

6.46%

1-Sep-17

BACM8L11

Lodging

0.00

13,750,000

76,429

6.22%

1-Jul-17

BACM8L11

Retail

0.00

13,200,000

70,701

5.91%

1-Mar-17

BACM8L11

Office

0.00

13,000,000

66,159

5.81%

1-Oct-17

BACM8L11

Office

0.00

13,000,000

65,040

6.35%

1-Sep-17

BACM8L11

Retail

0.00

13,000,000

71,085

5.81%

1-Oct-17

BACM8L12

Multifamily

0.00

12,800,000

64,039

6.55%

1-Sep-17

BACM8L12

Multifamily

0.00

12,500,000

70,503

6.65%

1-Aug-17

BACM8L11

Lodging

0.00

6,947,580

48,607

6.65%

1-Aug-17

BACM8L11

Lodging

0.00

5,088,369

35,600

5.89%

1-Aug-17

BACM8L11

Office

0.00

12,000,000

60,812

5.76%

1-Jun-37

BACM8L11

Other

0.00

11,500,000

57,040

6.27%

1-Aug-17

BACM8L11

Retail

0.00

11,100,000

59,931

6.21%

1-Sep-17

BACM8L11

Retail

0.00

11,000,000

58,823

31-Dec-07

6.30%

1-Nov-17

BACM8L12

Mobile Home Park

0.96

10,700,000

58,011

31-Dec-07

5.64%

1-Nov-17

BACM8L12

Multifamily

1.52

10,600,000

51,481

6.24%

1-Sep-17

BACM8L11

Retail

0.00

10,575,000

56,823

6.33%

1-Nov-17

BACM8L11

Retail

0.00

10,574,000

57,637

6.30%

1-Aug-17

BACM8L11

Retail

0.00

10,525,000

57,098

31-Dec-07

6.78%

1-Nov-17

BACM8L11

Lodging

1.73

10,213,403

80,026

Page 27 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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:

6.33%

1-Aug-17

BACM8L12

Multifamily

0.00

10,230,000

55,762

5.99%

1-May-12

BACM8L12

Multifamily

0.00

10,000,000

51,581

31-Dec-07

6.23%

1-Aug-17

BACM8L11

Office

0.96

10,000,000

53,647

6.25%

1-Sep-17

BACM8L12

Multifamily

0.00

6,810,767

42,546

31-Dec-07

6.25%

1-Sep-17

BACM8L12

Multifamily

0.54

2,680,939

16,748

6.29%

1-Oct-17

BACM8L12

Multifamily

0.00

9,500,000

51,456

6.41%

1-Sep-17

BACM8L11

Lodging

0.00

9,299,576

63,611

5.97%

1-Sep-17

BACM8L11

Office

0.00

9,203,510

52,840

6.26%

1-Sep-17

BACM8L12

Mobile Home Park

0.00

9,125,000

49,189

6.53%

1-Jul-17

BACM8L12

Multifamily

0.00

9,100,000

51,170

6.13%

1-Aug-17

BACM8L11

Office

0.00

9,000,000

47,508

6.44%

1-Sep-17

BACM8L11

Retail

0.00

8,876,124

56,531

6.32%

1-Sep-17

BACM8L11

Retail

0.00

8,911,000

48,496

6.33%

1-Oct-37

BACM8L12

Multifamily

0.00

8,550,000

46,605

31-Dec-07

5.97%

1-Aug-17

BACM8L11

Office

1.63

8,174,597

49,657

31-Dec-07

5.94%

1-Apr-17

BACM8L11

Office

1.98

8,250,000

42,163

31-Dec-07

6.64%

1-Sep-17

BACM8L11

Lodging

1.37

8,141,489

52,908

6.58%

1-Sep-17

BACM8L11

Industrial

0.00

8,075,000

45,754

5.59%

1-Jul-37

BACM8L11

Office

0.00

8,000,000

38,509

31-Dec-07

6.45%

1-Aug-17

BACM8L11

Lodging

1.62

7,577,747

52,087

6.47%

1-Oct-17

BACM8L11

Mobile Home Park

0.00

7,500,000

41,753

5.86%

1-Aug-17

BACM8L11

Office

0.00

7,400,000

37,341

6.82%

1-Jan-18

BACM8L11

Lodging

0.00

7,050,000

41,403

Page 28 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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:

6.55%

1-Sep-17

BACM8L11

Retail

0.00

7,025,000

39,623

31-Dec-07

6.40%

1-Oct-17

BACM8L11

Lodging

1.60

6,916,283

47,196

31-Dec-07

6.32%

1-Oct-17

BACM8L11

Mixed Use

1.09

7,000,000

38,096

6.66%

1-Oct-17

BACM8L11

Mobile Home Park

0.00

7,000,000

40,145

6.57%

1-Sep-17

BACM8L11

Industrial

0.00

6,950,000

39,320

31-Dec-07

5.86%

1-Apr-17

BACM8L11

Office

1.65

3,965,764

23,623

31-Dec-07

5.86%

1-Apr-17

BACM8L11

Office

1.39

2,904,922

17,304

6.30%

1-Sep-17

BACM8L12

Multifamily

0.00

6,750,000

36,619

100

6.68%

1-Jan-18

BACM8L11

Mixed Use

0.00

6,525,000

37,544

101

5.98%

1-Jul-17

BACM8L12

Multifamily

0.00

6,500,000

33,471

102

6.33%

1-Oct-17

BACM8L11

Self Storage

0.00

6,475,000

35,294

103

6.24%

1-Sep-17

BACM8L11

Office

0.00

6,450,000

34,658

104

6.47%

1-Sep-12

BACM8L11

Industrial

0.00

6,200,000

34,543

105

6.26%

1-Jul-17

BACM8L12

Multifamily

0.00

6,080,000

32,775

106

6.43%

1-Jul-17

BACM8L11

Office

0.00

6,000,000

33,222

107

6.44%

1-Aug-17

BACM8L12

Multifamily

0.00

6,000,000

33,273

108

31-Dec-07

5.76%

1-Mar-17

BACM8L11

Office

1.20

6,000,000

29,760

109

6.20%

1-Aug-17

BACM8L11

Industrial

0.00

6,000,000

32,033

110

6.65%

1-Sep-17

BACM8L12

Multifamily

0.00

5,921,263

38,518

111

5.70%

1-Aug-17

BACM8L11

Lodging

0.00

5,897,109

34,824

112

31-Dec-07

6.43%

1-Oct-17

BACM8L11

Retail

1.30

5,925,000

32,806

113

6.12%

1-Jun-17

BACM8L11

Retail

0.00

5,900,000

31,093

114

31-Dec-07

6.14%

1-Oct-17

BACM8L11

Office

2.04

5,744,000

30,370

115

Page 29 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating

Statement

Date

Geo.

Location

Ending

Principal

Balance

Note

Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Statement Date:

5.65%

1-Apr-17

BACM8L11

Industrial

0.00

5,650,000

27,489

116

6.26%

1-Jul-17

BACM8L12

Multifamily

0.00

5,600,000

30,187

117

6.51%

1-Sep-17

BACM8L11

Office

0.00

5,500,000

30,832

118

6.63%

1-Sep-17

BACM8L12

Mobile Home Park

0.00

5,378,152

34,915

119

6.26%

1-Jul-17

BACM8L11

Office

0.00

5,400,000

29,109

120

6.26%

1-Jul-17

BACM8L12

Multifamily

0.00

5,360,000

28,893

121

6.29%

1-Sep-17

BACM8L11

Lodging

0.00

5,283,720

35,756

122

31-Dec-07

6.61%

1-Sep-17

BACM8L11

Retail

1.36

5,250,745

36,560

123

31-Dec-07

6.28%

1-Jul-17

BACM8L11

Office

1.71

5,300,000

28,661

124

31-Dec-07

6.40%

1-Oct-17

BACM8L11

Lodging

1.46

5,210,495

35,556

125

6.22%

1-Sep-17

BACM8L11

Office

0.00

5,250,000

28,120

126

6.37%

1-Aug-17

BACM8L11

Lodging

0.00

5,082,821

34,690

127

6.12%

1-Sep-17

BACM8L11

Retail

0.00

5,000,000

26,350

128

6.07%

1-Sep-17

BACM8L12

Mixed Use

0.00

5,000,000

26,135

129

6.39%

1-Jul-17

BACM8L11

Lodging

0.00

4,925,764

30,930

130

6.43%

1-Oct-17

BACM8L11

Retail

0.00

4,800,000

26,577

131

5.68%

1-Apr-17

BACM8L11

Office

0.00

4,800,000

23,477

132

6.28%

1-Aug-17

BACM8L11

Industrial

0.00

4,725,000

25,552

133

6.31%

1-Jul-12

BACM8L12

Multifamily

0.00

4,650,000

25,266

134

5.79%

1-Sep-17

BACM8L11

Retail

0.00

4,576,000

22,815

135

6.46%

1-Sep-17

BACM8L11

Retail

0.00

4,510,000

25,088

136

5.74%

1-Jul-17

BACM8L11

Retail

0.00

4,500,000

22,243

137

6.09%

1-Jul-17

BACM8L11

Office

0.00

4,500,000

23,599

138

Page 30 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

Loan Level Detail

Disclosure

Control #

Group

Property

Type

Maturity

Date

PFY

DSCR

Operating

Statement

Date

Geo.

Location

Ending

Principal

Balance

Note

Rate

Scheduled

P&I

Prepayment

Amount

Prepayment

Date

Loan

Status

Code (1)

Statement Date:

5.81%

1-Nov-17

BACM8L12

Multifamily

0.00

4,438,072

26,433

139

5.90%

1-Aug-17

BACM8L11

Industrial

0.00

4,440,000

22,558

140

6.58%

1-Oct-17

BACM8L11

Retail

0.00

4,350,000

24,648

141

6.53%

1-Sep-12

BACM8L11

Office

0.00

4,250,000

23,898

142

6.48%

1-Oct-17

BACM8L11

Self Storage

0.00

4,200,000

23,436

143

31-Dec-07

6.44%

1-Sep-17

BACM8L11

Lodging

1.58

4,111,845

28,201

144

6.42%

1-Nov-17

BACM8L11

Retail

0.00

4,150,000

22,943

145

6.53%

1-Sep-17

BACM8L11

Retail

0.00

4,072,327

26,173

146

6.39%

1-Sep-17

BACM8L11

Self Storage

0.00

4,100,000

22,560

147

5.79%

1-Sep-17

BACM8L11

Retail

0.00

4,085,000

20,367

148

6.03%

1-Sep-17

BACM8L11

Office

0.00

3,958,652

29,445

149

6.39%

1-Aug-17

BACM8L12

Multifamily

0.00

4,020,000

22,120

150

31-Dec-07

6.33%

1-Jul-17

BACM8L11

Self Storage

1.33

4,000,000

21,803

151

5.75%

1-Jul-17

BACM8L12

Multifamily

0.00

4,000,000

19,806

152

5.70%

1-May-17

BACM8L11

Retail

1.39

4,000,000

19,633

153

6.46%

1-Aug-17

BACM8L11

Retail

0.00

3,941,998

25,178

154

5.98%

1-Aug-17

BACM8L11

Lodging

0.00

3,852,557

28,611

155

6.27%

1-Aug-17

BACM8L12

Multifamily

0.00

3,890,211

24,372

156

6.42%

1-Oct-17

BACM8L11

Retail

0.00

3,896,730

21,542

157

6.38%

1-Aug-17

BACM8L11

Lodging

0.00

3,763,391

25,708

158

6.20%

1-Sep-17

BACM8L11

Retail

0.00

3,650,000

19,487

159

31-Dec-07

6.43%

1-Sep-17

BACM8L11

Retail

1.29

3,600,000

19,933

160

6.05%

1-Aug-17

BACM8L12

Mobile Home Park

0.00

3,600,000

18,755

161

Page 31 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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:

6.49%

1-Oct-17

BACM8L11

Retail

0.00

3,569,357

22,825

162

6.61%

1-Jul-18

BACM8L11

Retail

0.00

3,546,787

23,016

163

5.93%

1-Jul-17

BACM8L11

Self Storage

0.00

3,500,000

17,872

164

5.90%

1-Aug-17

BACM8L11

Retail

0.00

3,500,000

17,782

165

31-Dec-07

6.42%

1-Jul-17

BACM8L11

Lodging

1.58

3,445,945

21,939

166

5.86%

1-Apr-17

BACM8L11

Various

0.00

3,378,604

20,375

167

6.35%

1-Oct-17

BACM8L11

Retail

0.00

3,330,000

18,209

168

31-Dec-07

6.34%

1-Oct-17

BACM8L11

Retail

1.08

3,250,000

17,743

169

6.58%

1-Jul-17

BACM8L11

Office

0.00

3,201,624

20,714

170

6.54%

1-Sep-17

BACM8L11

Retail

0.00

3,200,000

18,021

171

6.37%

1-Sep-17

BACM8L11

Retail

0.00

3,155,258

19,953

172

6.49%

1-Oct-17

BACM8L11

Retail

0.00

3,150,000

17,604

173

6.40%

1-Sep-17

BACM8L11

Retail

0.00

3,055,000

16,836

174

6.47%

1-Sep-17

BACM8L11

Industrial

0.00

3,000,000

16,714

175

31-Dec-07

6.09%

1-Oct-17

BACM8L11

Office

1.60

2,980,000

15,628

176

6.45%

1-Sep-17

BACM8L11

Retail

0.00

2,937,140

20,163

177

6.03%

1-Aug-17

BACM8L11

Retail

0.00

2,965,000

15,396

178

6.36%

1-Aug-17

BACM8L12

Multifamily

0.00

2,900,000

15,882

179

6.74%

1-Sep-17

BACM8L12

Mobile Home Park

0.00

2,842,981

18,660

180

5.89%

1-Jun-17

BACM8L11

Office

0.00

2,850,000

14,455

181

6.45%

1-Sep-17

BACM8L11

Retail

0.00

2,790,701

17,606

182

6.42%

1-Sep-17

BACM8L11

Retail

0.00

2,761,287

17,551

183

31-Dec-07

6.67%

1-Sep-17

BACM8L11

Lodging

1.65

2,723,921

19,067

184

Page 32 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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:

6.39%

1-Aug-17

BACM8L11

Mixed Use

0.00

2,750,000

15,132

185

6.50%

1-Sep-17

BACM8L11

Industrial

0.00

2,700,000

15,113

186

6.14%

1-Jul-17

BACM8L11

Retail

0.00

2,682,000

14,180

187

6.18%

1-Jul-17

BACM8L11

Mobile Home Park

0.00

2,600,000

13,836

188

6.35%

1-Oct-17

BACM8L11

Lodging

0.00

2,548,434

17,312

189

6.26%

1-Jul-17

BACM8L12

Multifamily

0.00

2,560,000

13,800

190

6.49%

1-Sep-17

BACM8L11

Retail

0.00

2,550,000

14,251

191

31-Dec-07

6.34%

1-Aug-17

BACM8L11

Retail

1.33

2,464,000

13,452

192

5.98%

1-Aug-17

BACM8L11

Lodging

0.00

2,407,848

17,882

193

6.76%

1-Oct-17

BACM8L11

Mixed Use

0.00

2,400,000

13,971

194

5.74%

1-Aug-17

BACM8L11

Industrial

0.00

2,301,389

20,332

195

7.11%

1-Oct-17

BACM8L11

Retail

0.00

2,324,369

15,809

196

31-Dec-07

6.08%

1-Jun-17

BACM8L12

Mobile Home Park

1.33

2,297,202

15,321

197

6.41%

1-Sep-17

BACM8L12

Multifamily

0.00

2,295,000

12,668

198

6.31%

1-Jun-17

BACM8L11

Self Storage

0.00

2,223,000

12,079

199

6.38%

1-Aug-17

BACM8L12

Multifamily

0.00

2,187,219

13,857

200

6.49%

1-Oct-17

BACM8L12

Multifamily

0.00

2,200,000

12,295

201

5.85%

1-Jul-17

BACM8L11

Industrial

0.00

2,200,000

11,083

202

6.67%

1-Sep-17

BACM8L11

Office

0.00

2,140,000

12,291

203

5.94%

1-Sep-17

BACM8L11

Office

0.00

2,116,955

12,808

204

6.42%

1-Jul-17

BACM8L11

Retail

0.00

2,010,000

11,112

205

31-Dec-07

6.28%

1-Aug-17

BACM8L11

Industrial

2.49

1,969,795

12,353

206

6.14%

1-Sep-17

BACM8L12

Multifamily

0.00

1,950,000

10,310

207

Page 33 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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:

6.02%

1-Jul-17

BACM8L11

Retail

0.00

1,924,913

11,764

208

6.43%

1-Oct-17

BACM8L11

Office

0.00

1,880,000

10,409

209

6.26%

1-Nov-17

BACM8L12

Multifamily

0.00

1,850,000

9,973

210

6.01%

1-Aug-17

BACM8L11

Retail

0.00

1,830,000

9,471

211

5.88%

1-Jul-17

BACM8L12

Multifamily

0.00

1,804,970

10,742

212

6.98%

1-Sep-17

BACM8L11

Mixed Use

0.00

1,738,610

11,686

213

5.70%

1-Aug-17

BACM8L12

Multifamily

0.00

1,700,000

8,344

214

6.37%

1-Sep-17

BACM8L11

Self Storage

0.00

1,601,293

10,126

215

6.78%

1-Sep-17

BACM8L11

Retail

0.00

1,520,387

10,019

216

31-Dec-07

6.58%

1-Jul-14

BACM8L12

Mobile Home Park

1.32

1,500,000

8,499

217

5.93%

1-Jul-17

BACM8L11

Other

0.00

1,500,000

7,660

218

6.26%

1-Jul-17

BACM8L11

Office

0.00

1,460,000

7,870

219

7.04%

1-Oct-17

BACM8L12

Multifamily

0.00

1,409,192

9,519

220

5.86%

1-Aug-17

BACM8L11

Mixed Use

0.00

1,400,000

7,065

221

6.40%

1-Sep-17

BACM8L11

Retail

0.00

1,350,000

7,440

222

6.48%

1-Oct-17

BACM8L11

Retail

0.00

1,330,000

7,421

223

6.45%

1-Aug-17

BACM8L11

Mobile Home Park

0.00

1,300,000

7,220

224

6.44%

1-Sep-17

BACM8L11

Self Storage

0.00

1,300,000

7,209

225

6.44%

1-Aug-17

BACM8L12

Multifamily

0.00

1,300,000

7,209

226

6.45%

1-Oct-17

BACM8L11

Retail

0.00

1,268,626

8,080

227

6.42%

1-Jul-17

BACM8L11

Retail

0.00

1,220,464

8,378

228

6.79%

1-Aug-17

BACM8L11

Self Storage

0.00

1,223,340

8,076

229

6.09%

1-Sep-17

BACM8L11

Office

0.00

1,211,703

7,446

230

Page 34 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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:

6.73%

1-Sep-17

BACM8L12

Mobile Home Park

0.00

1,200,000

6,954

231

6.43%

1-Sep-17

BACM8L11

Self Storage

0.00

1,141,893

10,022

232

6.88%

1-Oct-17

BACM8L11

Office

0.00

1,136,744

7,559

233

6.50%

1-Aug-17

BACM8L11

Office

0.00

1,100,000

6,157

234

6.57%

1-Jul-17

BACM8L11

Office

0.00

1,000,000

5,658

235

31-Dec-07

6.71%

1-Sep-17

BACM8L12

Multifamily

1.44

987,057

6,459

236

6.69%

1-Aug-17

BACM8L12

Multifamily

0.00

956,466

6,253

237

5.81%

1-Jul-17

BACM8L11

Retail

0.00

950,000

4,753

238

2,341,167,883

12,657,455

Page 35 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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 36 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

4,800,000

105

6.43%

1-Oct-17

Retail

4,800,000

131

17-Dec-08

10,575,000

104

344

6.24%

1-Sep-17

Retail

10,575,000

15,375,000

Page 37 of 45

(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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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

Disclosure

Control #

Resolution

Strategy

Comments

Statement Date:

Other/TBD

DBSI master lessee DBSI Master Leaseco Inc. has filed bankruptcy. Gathering information.

131

Other/TBD

The file transferred to the Special Servicer on December 18 2008. The principals of the current borrower are requesting Lender's consent to

restructure the loan as it is in imminent default due to the property not having sufficient cash flows.

Page 38 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

Modified Loan Detail

Disclosure

Control #

Modification

Date

Cutoff

Maturity

Date

Modification

Description

Modified

Maturity

Date

Statement Date:

Ending

Principal

Balance

Page 39 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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:

26,300,000.00

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 40 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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 41 of 45

* 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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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 42 of 45

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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 43 of 45

(*) 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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

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 44 of 45

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

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

Commercial Mortgage Pass-Through Certificates

Series 2008-LS1

Defeased Loans

Statement Date:

Disclosure

Control #

Page 45 of 45

Banc of America Commercial Mortgage Inc., Series 2008-LS1 10-D