Banc of America Commercial Mortgage Inc. Series 2005-4 as of 08/2009: OF DSCR 1.30- 1.40
All data provided by Intex
Id Name/ Type/ Bal GLA/Units LTV WAC
Address Subtype % Pool Occ. % DSCR Originator
30 Anaheim Hills Business Center OF $13,936,000 143,655 80.0 5.314000 %
5100-5150 E. La Palma Avenue, Anaheim Hills CA 92807 0.9% 78% 1.32x (UW) Bank of America
Tenant % Expires
David Johnson305/31/06
Green Solutions306/30/08
Shawn Crawford302/28/06
34 Highpoint Center OF $11,238,238 80,124 72.5 5.380000 %
106 E. College Avenue, Tallahassee FL 32301 0.7% 92% 1.32x (12 mths) Bridger
Tenant % Expires
AKERMAN SENTERFITT4603/31/10
FOLEY & LARDNER1802/28/11
PROGRESS ENERGY601/31/14
39 Mission Lake Center OF $9,786,310 81,818 69.9 5.400000 %
3600 Lime Street, Riverside CA 92501 0.6% 73% 1.39x (12 mths) Bridger
Tenant % Expires
ATHENA RESEARCH GROUP INC506/30/13
SAN DIEGO STATE UNIVERSITY406/30/11
HELIX ENVIRONMENTAL PLANNING408/31/08
4A Occ < 80% U/W Occ. The loan is secured by a 81,818 sf office property in Riverside, CA built in 1979 and renovated in 2004. The property was inspected on 09/03/08; rated in Good condition,. The YE 2008 NCF DSCR is 1.39 with an occupancy of 73%. Historical occupancy at the property has been in the mid to high 80 percentile until Sept 2008 when it dropped to its current level. The June 2008 reported vacant sf 9400 sf and as of Dec 2008 vacant sf has increased to 22,374 primarily due to Riverside Brewing Co (occupied 7313 sf or 8.94% NRA) vacating prior to their 2014 lease expiration combined with various additional tenants who collectively occupied 5440 sf or 6.65% NRA vacating during 3rd quarter 2008. Primary servicer indicated in April 2009 that 7,313 sf of vacant space has been leased for 10 years at $21 PSF(tenant name not provided). for the remaining vacant spaces, there are no prospects. Current asking rates range from $1.90 - $2.25 PSF; market rates range from $1.75 - $2.25 as per Bwr. The property is marketed by CB Richard Ellis. Bank of America will continue to monitor the loan.
50 Puyallup Executive Park OF $7,870,419 64,007 70.3 5.560000 %
929 & 1011 East Main Street, Puyallup WA 98372 0.5% 88% 1.33x (12 mths) Bridger
Tenant % Expires
DR DONALD F DEVRIES712/31/12
SAK & ASSOCIATES INC.703/31/11
PUYALLUP DERMATOLOGY CLINIC508/31/09
112 South Gravers Office OF $2,318,925 25,045 61.0 5.404000 %
450 South Gravers Road, Plymouth Meeting PA 19462 0.2% 100% 1.30x (UW) Bridger
Tenant % Expires
JACQUES WHITFORD3412/31/08
ALPHA BENEFITS GROUP1509/30/12
American Solutions for Business011112/31/09
4a -Occ < 80% U/W Occ & 4C - Single tenant with a lease > 30% NRA expiring within the next six months. The loan is secured by a 25,015 sf office property in Plymouth Meeting, PA built in 1975 and renovated in 1987. The property was inspected on 11/10/08 and rated in Good conditon. YTD May 2008 NCF DSCR is 1.40 with an occupancy of 62%. The decline in occupancy is a result of Rusco who occupied 4700 sf or 18.77% NRA vacating when their lease expired on 05/31/2008. As of the May 2008 rent roll, there is a total of 9,404 vacant sf at the property. Asking rates for the Rusco and other vacant spaces are $15 - $20 PSF with no prospects. Additionally, Jacques Whitford Co occupies 8600 sf or 34.33% NRA with a lease that expires on 12/31/2008. Per Borrower, Jacques Whitford Co will extend lease through 12/31/2009. Primary servicer has made several attempts to obtain current financials from the Borrower and a leasing update, but Borrower is unresponsive. Primary servicer will continue their efforts to collect the delinquent financials and obtain a leasing update. Bank of America will continue to monitor the loan.
122 Quinault Professional Center OF $1,929,114 13,657 70.7 5.257000 %
8121 West Quinault Aveneue / Bldg A & F, Kennewick WA 99336 0.1% 90% 1.38x (12 mths) Bridger
Tenant % Expires
COUNTRY INSURANCE2203/31/13
MERRILL LYNCH CORPORATE SERVIC2001/31/13
COBALT MORTGAGE1612/31/08