| 4A - Occ < 80% U/W occ. The loan is secured by a 42,046 sf retail property in Glen Cove, NY built in 1970. The property was inspected on 9/23/2008 and rated in Good condition. Q1 09 NCF DSCR is 3.41x with occupancy of 86%. 4Q 08 NCF DSCR is 2.49 with occupancy of 67%. 3Q 08 NCF DSCR is 2.60x with occupancy of 67%. 2Q 08 NCF DSCR was 2.54x with occupancy of 67%. 1Q 08 NCF DSCR is 3.03x with occupancy of 69%. YE 2007 DSCR was 2.65x with occupancy of 70%. YE 2006 DSCR was 3.36x with occupancy of 77%. The existing CVS store (9,475 sf) was closed and vacated when construction on the new Super CVS (15,275 sf), was completed. Per borrower, Dollar Store has emerged as a viable tenant and constructive negotiations continue to be ongoing. Asking rates for the vacant space are comparable to rent CVS formerly paid on the space of $11.44/sf. The space is being marketed in-house. Bank of America will continue to monitor the loan.
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