| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 51 |
Westchase Technology Center |
OF |
$7,981,906 |
82,799 |
71.4 |
5.170000 % |
| | 11300 Richmond Avenue, Houston TX 77082 | | 0.5% | 100% | 1.74x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Melton & Melton LLP | 28 | 10/31/09 | | KB Home Star Loan LP | 18 | 12/31/13 | | VMonitor Inc. | 16 | 12/31/10 |
|
| 4A - Occupancy < 80% U/W Occ. The loan is secured by an 82,800 sf office building located in Houston, Texas built in 1999. The property was inspected on 11/06/08; rated in Good condition. Q1-2009 NCF DSCR is 1.34 with an occupancy of 78%; YE 2008 NCF DSCR was 1.74x with an occupancy of 100%. The decline in occupancy is a result of KB Home Star Loan who occupied 31,371 sf or 37.89% NRA. Per the third lease amendment KB Home Star Loan downsized space occupied to 14,760 sf. The new lease amendment extends the lease to 12/31/2013 at $11 PSF. As of the 03/31/2009 rent roll, there is 18,251 vacant sf (includes 4719 sf that KB Homes will be vacating during Q2-2009). Additionally, it is noted that Melton & Melton occupies 23494 sf or 28.39% NRA with a lease expiring on 10/31/2009. Bank of America will contact the Borrower for leasing updates and an update on the Melton & Melton renewal.
|
| 95 |
Financial Plaza |
OF |
$3,269,700 |
61,762 |
57.9 |
5.714000 % |
| Past Due | 9050 Executive Park Drive, Knoxville TN 37923 | | 0.2% | 64% | 1.72x (9 mths) | Bridger |
|  | | Tenant | % | Expires | | Anderson Media | 11 | 05/31/09 | | FOCUS ENVIRONMENTAL | 11 | 10/31/10 | | MED IMAGES | 9 | 07/31/09 |
|
| Loan transferred to SS November, 2008 due to bankruptcy of Master tenant in TIC structure (DBSI). Fee owners of real estate are not in bankruptcy. All of the DBSI properties managed by ORIX have been extracted from the bankruptcy. All of the TIC owners have identified a new property management company. We are actively negotiating the reinstatement of the loans. Reinstatement terms for Friar\'s Branch have been aprpoved and should close imminently. Lincoln Park business plan is now being drafted.
|