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Lehman Brothers Floating Rate Commercial Mortgage Trust 2007-LLF C5 Certs Assigned Prelim Rtgs

    NEW YORK (Standard & Poor's) July 25, 2007--Standard & Poor's Ratings Services 
    today assigned its preliminary ratings to Lehman Brothers Floating Rate 
    Commercial Mortgage Trust 2007-LLF C5's $2.478 billion commercial mortgage 
    pass-through certificates series 2007-LLF-C5 (see list).
         The preliminary ratings are based on information as of July 25, 2007. 
    Subsequent information may result in the assignment of final ratings that 
    differ from the preliminary ratings.
         The preliminary ratings reflect the credit support provided by the 
    subordinate classes of certificates, the liquidity provided by the trustee, 
    the economics of the underlying mortgage loans, and the geographic and 
    property type diversity of the loans. Standard & Poor's analysis determined 
    that, on a weighted average basis, the trust pool has a debt service coverage 
    of 1.23x based on a weighted average stressed constant of 9.74%, and a 
    beginning and ending LTV of 67.6%.
         A copy of Standard & Poor's complete presale report for this transaction 
    can be found on RatingsDirect, the real-time Web-based source for Standard & 
    Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com. 
    The presale report can also be found on Standard & Poor's Web site at 
    www.standardandpoors.com. In the left navigation bar, select Ratings, then 
    Structured Finance, and then Real Estate Finance. Finally, click on the 
    Reports tab to locate the article.
    Lehman Brothers Floating Rate Commercial Mortgage Trust 2007-LLF C5
    Class        Rating        Amount ($)   Recommended credit
                                                   support (%)
    Pool certificates
    A-1          AAA        1,419,860,000               38.403
    A-2          AAA          473,287,000               17.871
    A-3          NR            81,899,000                  N/A
    X-1*         AAA        2,305,090,000                  N/A
    X-2*         AAA        2,305,090,000                  N/A
    B            AA            53,422,000               12.000
    C            AA-           48,992,000                9.875
    D            A+            31,694,000                8.500
    E            A             28,813,000                7.250
    F            A-            28,813,000                6.000
    G            BBB+          28,813,000                4.750
    H            BBB           51,864,000                2.500
    J            BBB-          57,633,000                0.000
    Total rated 
       amount    -          2,305,090,000                    -
    Junior nonpool certificates
    CGC**        NR             6,210,000                  N/A
    CPE**        NR             4,000,000                  N/A
    CQR-1**      NR             2,700,000                  N/A
    CQR-2**      NR             4,000,000                  N/A
    DMC-1**      BBB            3,260,000                  N/A
    DMC-2**      BBB-           2,640,000                  N/A
    FBS-1**      BBB            2,640,000                  N/A
    FBS-2**      BBB-           3,760,000                  N/A
    FTC-1**      A              3,180,000                  N/A
    FTC-2**      BBB-           3,320,000                  N/A
    HAR-1**      NR             2,600,000                  N/A
    HAR-2**      NR             2,400,000                  N/A
    HRH**        BBB-           2,900,000                  N/A
    HSS**        NR             3,100,000                  N/A
    INO**        NR             3,000,000                  N/A
    JHC**        NR             7,500,000                  N/A
    LCC**        BBB-           4,500,000                  N/A
    MVR**        NR             3,100,000                  N/A
    NOP-1**      A-             5,170,000                  N/A
    NOP-2**      BBB            3,330,000                  N/A
    NOP-3**      BBB-           4,000,000                  N/A
    OCS**        NR             5,700,000                  N/A
    ONA**        BBB-           3,800,000                  N/A
    OWS-1**      NR             4,230,000                  N/A
    OWS-2**      NR             4,200,000                  N/A
    PHO**        NR             8,420,000                  N/A
    SBG**        NR             3,900,000                  N/A
    SFO-1**      NR             9,400,000                  N/A
    SFO-2**      NR             7,500,000                  N/A
    SFO-3**      NR             7,400,000                  N/A
    SFO-4**      NR             8,800,000                  N/A
    SFO-5**      NR             8,600,000                  N/A
    TSS-1**      BBB            3,200,000                  N/A
    TSS-2**      BBB-           2,200,000                  N/A
    UCP**        NR             6,500,000                  N/A
    VIS**        BBB-           4,400,000                  N/A
    WHH**        NR             7,800,000                  N/A
    *Interest-only class with a notional amount. **Loan-specific class. N/A--Not 
    applicable.. NR--Not rated.

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