**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-K**

**[X]      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT      OF      1934**

**[        ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND      EXCHANGE ACT OF 1934**

|   | Delaware                                                                                    |   | 13-3416059                                                         |   |
|--------|---------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------|--------|
|   | (State                or other jurisdiction ofincorporation                or organization) |   | (I.R.S.                Employer Identification                No.) |   |

|   | o                Yes |   |  x                No |
|--------|----------------------|--------|---------------------------|

|   | o                Yes |   | x                No |
|--------|----------------------|--------|---------------------|

|   | x                Yes |   | o                No |
|--------|----------------------|--------|---------------------|

| Large                accelerated filer o | Accelerated                filer o |  Non-accelerated                filer x |
|------------------------------------------|------------------------------------|----------------------------------------------|

**DOCUMENTS      INCORPORATED BY REFERENCE**

**PART        I**

**Item        1.        Business. **

**Item        1A. Risk Factors.**

**Item        1B. Unresolved Staff Comments.**

**Item        2. Properties.**

**Item        3. Legal Proceedings. **

**Item        4. Submission of Matters to a Vote of Security Holders.**

**PART        II**

**Item        5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer        Purchases of Equity Securities.**

**Item        6. Selected Financial Data.**

**Item        7. Management’s Discussion and Analysis of Financial Condition and Results of        Operation.**

**Item        7A. Quantitative and Qualitative Disclosures About Market        Risk.**

**Item        8. Financial Statements and Supplementary Data.**

**Item        9. Changes in and Disagreements With Accountants on Accounting and Financial        Disclosure.**

**Item        9A. Controls and Procedures.**

**Item          9A(T). Controls and Procedures.**

**Item        9B. Other Information.**

**PART        III**

**Item          10. Directors, Executive Officers and Corporate          Governance.**

**Item        11. Executive Compensation.**

**Item        12. Security Ownership of Certain Beneficial Owners and Management and Related        Stockholder Matters.**

**Item          13. Certain Relationships and Related Transactions, and Director Independences.          **

**Item        14. Principal Accounting Fees and Services.**

**Item        1112(b) of Regulation AB. Significant Obligors Financial        Information.**

**Item        1114(b)(2) and 1115(b) of Regulation AB. Significant Enhancement Provider        Financial Information.**

**Item        1117 of Regulation AB. Legal Proceedings**

**Item        1119 of Regulation AB. Affiliations and Certain Relationships and Related        Transactions**

**Item        1122 of Regulation AB. Compliance with Applicable Servicing        Criteria.**

**Item        1123 of Regulation AB. Servicer Compliance Statement.**

**              **

**PART        IV**

**Item        15. Exhibits, Financial Statement Schedules.**

| **Exhibit                      Number** | **Description**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4(i)                                    | The                        series 2006-C2 pooling and servicing agreement dated as of August 1,                        2006 among Merrill Lynch Mortgage Investors, Inc., as depositor                        (the                        “Depositor”), Wachovia Bank, National Association, as master servicer                        no.                        1 (the “Master Servicer No. 1”), Prudential Asset Resources, Inc.,                        as master servicer no. 2 (the "Master Servicer No.                        2"),  J.E. Robert Company, Inc., as special servicer (the                        "Special Servicer") and LaSalle Bank National Association,                        as trustee (the                        “Trustee”) (the "Pooling and Servicing Agreement") (Previously filed                        as                        part of the Registrant's Current Report on Form 8-K on August                        29,                        2006)* |
| 31(ii)                                  | Rule                        13a-14(d)/15d-14(d) Certifications                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 33(a)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, Wachovia Bank, National Association, as Master Servicer                      No. 1 and as master servicer in regards to the RLJ Portfolio                      trust                      mortgage loan under the Wachovia Commercial Mortgage Securities,                      Inc.,                      Commercial Mortgage Pass-Through Certificates, Series 2006-C27                      Pooling and                      Servicing Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 33(b)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, Prudential Asset Resources, Inc., as Master Servicer                      No.                      2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 33(c)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, J.E. Robert Company, Inc., as Special                      Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 33(d)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, LaSalle Bank National Association, as                      Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 33(e)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, LNR Partners, Inc., as special servicer in regards                      to the RLJ                      Portfolio trust mortgage loan under the Wachovia Commercial                      Mortgage                      Securities, Inc., Commercial Mortgage Pass-Through Certificates,                      Series                      2006-C27 Pooling and Servicing Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 33(f)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, Wells Fargo Bank, National Association, as trustee                      in regards                      to the RLJ Portfolio trust mortgage loan under the Wachovia                      Commercial                      Mortgage Securities, Inc., Commercial Mortgage Pass-Through                      Certificates,                      Series 2006-C27 Pooling and Servicing Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 33(g)                                   | Report                    on assessment of compliance with servicing criteria for asset-backed                    securities, Global Realty Outsourcing, Inc., as servicing function                    participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 33(h)                                   | Report                    on assessment of compliance with servicing criteria for asset-backed                    securities, First American Commercial Real Estate Services, Inc.,                    as                    servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 33(i)                                   | Report                    on assessment of compliance with servicing criteria for asset-backed                    securities, Capmark Finance, Inc., as servicing function                    participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 34(a)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, Wachovia Bank, National Association, as                      Master Servicer No. 1 and as master servicer in regards to                      the RLJ                      Portfolio trust mortgage loan under the Wachovia Commercial                      Mortgage                      Securities, Inc., Commercial Mortgage Pass-Through Certificates,                      Series                      2006-C27 Pooling and Servicing Agreement                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 34(b)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, Prudential Asset Resources, Inc.,                      as Master                      Servicer No. 2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 34(c)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, J.E. Robert Company, Inc., as Special                      Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 34(d)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, LaSalle Bank National Association,                      as                      Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 34(e)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, LNR Partners, Inc., as special servicer                      in                      regards to the RLJ Portfolio trust mortgage loan under the                      Wachovia                      Commercial Mortgage Securities, Inc., Commercial Mortgage Pass-Through                      Certificates, Series 2006-C27 Pooling and Servicing                      Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 34(f)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, Wells Fargo Bank, National Association,                      as                      trustee in regards to the RLJ Portfolio trust mortgage loan                      under the                      Wachovia Commercial Mortgage Securities, Inc., Commercial Mortgage                      Pass-Through Certificates, Series 2006-C27 Pooling and Servicing                      Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 34(g)                                   | Attestation                    report on assessment of compliance with servicing criteria for                    asset-backed securities, Global Realty Outsourcing, Inc., as                    servicing                    function participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 34(h)                                   | Attestation                    report on assessment of compliance with servicing criteria for                    asset-backed securities, First American Commercial Real Estate                    Services,                    Inc., as servicing function participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 34(i)                                   | Attestation                    report on assessment of compliance with servicing criteria for                    asset-backed securities, Capmark Finance, Inc., as servicing                    function                    participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 35(a)                                   | Servicer                      compliance statement, Wachovia Bank, National Association, as Master                      Servicer No. 1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 35(b)                                   | Servicer                      compliance statement, Prudential Asset Resources, Inc., as                      Master Servicer                      No. 2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 35(c)                                   | Servicer                      compliance statement, J.E. Robert Company, Inc., as Special                      Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 35(d)                                   | Servicer                      compliance statement, LaSalle Bank National Association, as                      Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 35(e)                                   | Servicer                      compliance statement, Wachovia Bank, National Association,                      as master                      servicer in regards to the RLJ Portfolio trust mortgage loan                      under the                      Wachovia Commercial Mortgage Securities, Inc., Commercial Mortgage                      Pass-Through Certificates, Series 2006-C27 Pooling and Servicing                      Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

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**SIGNATURES**

|                                | Merrill                  Lynch Mortgage Investors, Inc., as Depositor                                                                               |
|-------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|                                |                                                                                                                                                |
|  March                29, 2007 | /s/                David Rodgers                                                                                                                    |
|                                | By: David                Rodgers                                                                                                               |
|                                | Title: Executive                Vice President and Chief                Officer in Charge of Commercial Mortgage                Securitization |

**Supplemental          Information to be Furnished With Reports Filed Pursuant to Section 15(d)          of the          Act by Registrants Which Have Not Registered Securities Pursuant to Section          12          of the Act**

| (a)    | (1)                    No annual report is provided to the certificateholders.                                                                                                                                                                                                                        |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (2)                    No proxy statement, form of proxy or other proxy soliciting material                    has                    been sent to any certificateholders with respect to any annual                    or other                    meeting of                    certificateholders. |

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**EXHIBIT      INDEX**

| **Exhibit                              Number** | **Description**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4(i)                                            | The                              Pooling and Servicing Agreement (Previously filed as                              part of the                              Registrant's Current Report on Form 8-K on August 29,                              2006)*                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 31(ii)                                          | Rule                              13a-14(d)/15d-14(d) Certifications                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 33(a)                                           | Report                              on assessment of compliance with servicing criteria                              for asset-backed                              securities, Wachovia Bank, National Association, as Master Servicer                              No. 1 and as master servicer in regards to the RLJ                              Portfolio trust                              mortgage loan under the Wachovia Commercial Mortgage                              Securities, Inc.,                              Commercial Mortgage Pass-Through Certificates, Series                              2006-C27 Pooling and                              Servicing Agreement             |
| 33(b)                                           | Report                              on assessment of compliance with servicing criteria                              for asset-backed                              securities, Prudential Asset Resources, Inc., as Master                              Servicer No.                              2                                                                                                                                                                                                                                                                                                                                                                                                         |
| 33(c)                                           | Report                              on assessment of compliance with servicing criteria                              for asset-backed                              securities, J.E. Robert Company, Inc., as Special                              Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 33(d)                                           | Report                              on assessment of compliance with servicing criteria                              for asset-backed                              securities, LaSalle Bank National Association, as                              Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 33(e)                                           | Report                              on assessment of compliance with servicing criteria                              for asset-backed                              securities, LNR Partners, Inc., as special servicer                              in regards to the RLJ                              Portfolio trust mortgage loan under the Wachovia Commercial                              Mortgage                              Securities, Inc., Commercial Mortgage Pass-Through                              Certificates, Series                              2006-C27 Pooling and Servicing Agreement                                                                                            |
| 33(f)                                           | Report                              on assessment of compliance with servicing criteria                              for asset-backed                              securities, Wells Fargo Bank, National Association,                              as trustee in regards                              to the RLJ Portfolio trust mortgage loan under the                              Wachovia Commercial                              Mortgage Securities, Inc., Commercial Mortgage Pass-Through                              Certificates,                              Series 2006-C27 Pooling and Servicing Agreement                                                                                 |
| 33(g)                                           | Report                              on assessment of compliance with servicing criteria                              for asset-backed                              securities, Global Realty Outsourcing, Inc., as servicing                              function                              participant                                                                                                                                                                                                                                                                                                                                                                                                 |
| 33(h)                                           | Report                              on assessment of compliance with servicing criteria                              for asset-backed                              securities, First American Commercial Real Estate Services,                              Inc., as                              servicing function participant                                                                                                                                                                                                                                                                                                                                                                            |
| 33(i)                                           | Report                              on assessment of compliance with servicing criteria                              for asset-backed                              securities, Capmark Finance, Inc., as servicing function                              participant                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 34(a)                                           | Attestation                              report on assessment of compliance with servicing criteria                              for                              asset-backed securities, Wachovia Bank, National Association, as                              Master Servicer No. 1 and as master servicer in regards                              to the RLJ                              Portfolio trust mortgage loan under the Wachovia Commercial                              Mortgage                              Securities, Inc., Commercial Mortgage Pass-Through                              Certificates, Series                              2006-C27 Pooling and Servicing Agreement |
| 34(b)                                           | Attestation                              report on assessment of compliance with servicing criteria                              for                              asset-backed securities, Prudential Asset Resources,                              Inc., as Master                              Servicer No. 2                                                                                                                                                                                                                                                                                                                                                                                             |
| 34(c)                                           | Attestation                              report on assessment of compliance with servicing criteria                              for                              asset-backed securities, J.E. Robert Company, Inc.,                              as Special                              Servicer                                                                                                                                                                                                                                                                                                                                                                                                         |
| 34(d)                                           | Attestation                              report on assessment of compliance with servicing criteria                              for                              asset-backed securities, LaSalle Bank National Association,                              as                              Trustee                                                                                                                                                                                                                                                                                                                                                                                                          |
| 34(e)                                           | Attestation                              report on assessment of compliance with servicing criteria                              for                              asset-backed securities, LNR Partners, Inc., as special                              servicer in                              regards to the RLJ Portfolio trust mortgage loan under                              the Wachovia                              Commercial Mortgage Securities, Inc., Commercial Mortgage                              Pass-Through                              Certificates, Series 2006-C27 Pooling and Servicing                              Agreement                                                   |
| 34(f)                                           | Attestation                              report on assessment of compliance with servicing criteria                              for                              asset-backed securities, Wells Fargo Bank, National                              Association, as                              trustee in regards to the RLJ Portfolio trust mortgage                              loan under the                              Wachovia Commercial Mortgage Securities, Inc., Commercial                              Mortgage                              Pass-Through Certificates, Series 2006-C27 Pooling                              and Servicing                              Agreement           |
| 34(g)                                           | Attestation                              report on assessment of compliance with servicing criteria                              for                              asset-backed securities, Global Realty Outsourcing,                              Inc., as servicing                              function participant                                                                                                                                                                                                                                                                                                                                                                                     |
| 34(h)                                           | Attestation                              report on assessment of compliance with servicing criteria                              for                              asset-backed securities, First American Commercial                              Real Estate Services,                              Inc., as servicing function participant                                                                                                                                                                                                                                                                                                                                                                |
| 34(i)                                           | Attestation                              report on assessment of compliance with servicing criteria                              for                              asset-backed securities, Capmark Finance, Inc., as                              servicing function                              participant                                                                                                                                                                                                                                                                                                                                                                                               |
| 35(a)                                           | Servicer                              compliance statement, Wachovia Bank, National Association, as Master                              Servicer No. 1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 35(b)                                           | Servicer                              compliance statement, Prudential Asset Resources, Inc.,                              as Master Servicer                              No. 2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 35(c)                                           | Servicer                              compliance statement, J.E. Robert Company, Inc., as                              Special                              Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 35(d)                                           | Servicer                              compliance statement, LaSalle Bank National Association,                              as                              Trustee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 35(e)                                           | Servicer                              compliance statement, Wachovia Bank, National Association,                              as master                              servicer in regards to the RLJ Portfolio trust mortgage                              loan under the                              Wachovia Commercial Mortgage Securities, Inc., Commercial                              Mortgage                              Pass-Through Certificates, Series 2006-C27 Pooling                              and Servicing                              Agreement                                                                                                                                     |

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