Banc of America Commercial Mortgage Inc. Series 2005-4 as of 08/2009: SS DSCR 1.00- 1.10
All data provided by Intex
| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC | |
|---|---|---|---|---|---|---|---|
| Address | Subtype | % Pool | Occ. % | DSCR | Originator | ||
| 68 | Port Orange Self Storage | SS | $5,237,898 | 911 | 77.0 | 5.956000 % | |
| Past Due | 4061 Nova Road, Port Orange FL 32127 | 0.3% | 63% | 1.07x (UW) | Bridger | ||
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| The Subject Loan transferred to OCM Special Servicing on 6/5/2009 due to the Borrower requesting a modification of the Subject Loan to interest only as well as requesting the reserve payments be lowered. Borrower was late for the July 2009 payment but has since brought the loan current including applicable later charges. | |||||||
| 126 | Tyler Street Self Storage | SS | $1,133,049 | 523 | 70.8 | 5.673000 % | |
| 3636 South Tyler Street, Dallas TX 75224 | 0.1% | 76% | 1.08x (UW) | Bridger | |||
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| 1E - DSCR < 1.10 and 1F - DSCR < 1.40 and <= 75% U/W DSCR & 4B- EGI < 80% U/W EGI. The loan is secured by a 523 unit self-storage facility in Dallas, TX. The decline in NCF is a result of an EGI decline. 2008 EGI has declined 46% from YE 2007. Occupancy at the property as of YE 2008 does show a 3% improvement from YE 2007; however, average occupancy at the property during 2008 was in the mid 60 percentile which accounts for the lower base rents. 2008 NCF does show a significant improvement from 2007 due to Borrower being able to significantly reduce operating expenses in 2008 by approximately 54%. Advertising and marketing efforts include coupons, advertising in newspaper and yellow pages, and flyers. Bank of America will contact the primary servicer for further property performance updates. | |||||||