| 1E - DSCR < 1.10 and 1F - DSCR < 1.40 and <= 75% U/W DSCR. The loan is secured by a 176 unit multifamily property in Bridgeport, CT built in 1935 and renovated in 2001. The property was inspected on 03/07/08 and received a rating of Good. YE 08 NCF DSCR is 0.58 with 82% occupancy. Q3 08 NCF DSCR is 0.68x with a Q2 08 occupancy of 87%. YE 12/31/2007 NCF DSCR is 0.40x with occupancy of 91%. YE 2006 NCF DSCR was 0.91x with occupancy of 100%. Decline in NCF is attributed to increased operating expenses. The borrower has been experiencing high utility costs. The borrower has hired a new property manager who is working to renovate the property and has stated that he intends to request reserve disbursements to accommodate the costs associated with such improvements. Bank of America will continue to monitor the loan.
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