| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 64 |
Fleur De Lis Apartments |
MF |
$5,938,205 |
59 |
79.2 |
5.212000 % |
| | 1825 N. Whitley Avenue, Hollywood CA 90028 | | 0.4% | 95% | 1.54x (UW) | Bank of America |
|  |
| 69 |
Piccadilly Apartments |
MF |
$5,325,199 |
75 |
63.7 |
5.355000 % |
| | 682 Irolo Street, Los Angeles CA 90005 | | 0.3% | 96% | 1.57x (UW) | Bank of America |
|  |
| 19 |
Newport Cove Apartments |
MF |
$16,471,518 |
240 |
76.7 |
5.533000 % |
| Past Due | 5272 Tamarus Street, Las Vegas NV 89119 | | 1.1% | 93% | 1.56x (12 mths) | Bridger |
|  |
| The Subject Loan was transferred to SS due to Borrower obtaining an unauthorized subordinate loan. The preferred equity holder, LEM, replaced the managing member of the Borrower and the management company and they continue to make the loan payments. LEM has requested payment relief and OCM said no. Insurance proceeds of $400,000 are missing and 4 units have not been repaired. LEM on 4/7/09 foreclosed out the junior liens. LEM on 6/4/09 submitted an assumption application package which will be reviewed and processed. Negotiating the terms of an additional indemnitor as LEM wants to provide the fund that invested in this asset.
|
| 97 |
Woodcrest Apartments in Burien |
MF |
$3,235,595 |
75 |
75.2 |
5.736000 % |
| | 15800 4th Avenue South, Burien WA 98148 | | 0.2% | 96% | 1.55x (6 mths) | Bridger |
|  |
| 1E - DSCR < 1.10 . The loan is secured by a 75 unit multifamily property in Burien, WA built in 1978 and renovated in 2004. The property was inspected on 08/20/08; rated in Good condition. The YE 2008 NCF DSCR is 1.01 with an occupancy of 95%. The decline in NCF is a result of increased operating expenses. 2008 operating expenses have increased 16% from YE 2007 due to higher than normal repairs/maint, Gen/admin, and Payroll expenses. It is also noted that EGI has slightly declined 1% from YE 2007 due to a decline in laundry income and base rent. Bank of America will contact the primary servicer for further updates.
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