Banc of America Commercial Mortgage Trust 2007-1 as of 09/2009: IN DSCR 1.80- 1.90
All data provided by Intex
Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| Address | Subtype | % Pool | Occ. % | DSCR | Originator |
4 |
Inland - Bradley Portfolio Pool A (Rollup) |
IN |
$104,770,697 |
1,943,797 |
54.4 |
5.948000 % |
| 6752 Baymeadow Drive, Glen Burnie MD 21060 |
| 101 Civic Center Drive, Santee CA 92071 |
| 1800 Bruning Drive West, Itasca IL 60143 |
| 8900 Lakes at 610 Drive, Houston TX 77054 |
| 725 North Regional Road, Greensboro NC 27409 |
| 315 Kirk Road, St. Charles IL 60174 |
| 9625 55th Street, Kenosha WI 53144 |
| 500 West North Shore Drive, Hartland WI 53029 |
| 1575 Lexington Road, Athens GA 30605 |
| 4500 Westport Drive, Mechanicsburg PA 17055 |
| 301 Industrial Drive, Horicon WI 53032 |
| 3901 Liberty Street, Aurora IL 60504 |
| 300 10th Street Northwest, Clarion IA 50525 |
| 125 East Army Trail Road, Glendale Heights IL 60139 |
| 1114 Seaco Avenue, Deer Park TX 77536 |
| 21875 Doral Road, Waukesha WI 53186 |
| 145 East Army Trail Road, Glendale Heights IL 60139 |
| 629 Newtown Road, Virginia Beach VA 23462 |
| 135 East Army Trail Road, Glendale Heights IL 60139 | | 3.4% | 100% | 1.89x (UW) | Bank of America |
| | | Tenant | % | Expires | | Cardinal Fitness | 100.00 | 12/31/16 | | |
|
19 |
PNA-Clinton-Lockwood |
IN |
$3,138,367 |
279,961 |
70.2 |
6.403000 % |
| 5311 Clinton Drive, Houston TX 77020 | | 0.1% | 100% | 1.89x (9 mths) | Bank of America |
| | | Tenant | % | Expires | | Metals Supply Company Ltd. | 100 | 07/31/21 | | |
|
85 |
14221 Artesia Boulevard |
IN |
$6,000,000 |
102,827 |
64.5 |
5.579000 % |
Gasping for air | 14221 Artesia Boulevard, La Mirada CA 90638 | | 0.2% | 100% | 1.83x (UW) | Bank of America |
| | | Tenant | % | Expires | | Suddath Relocation Systems | 100 | 02/01/11 | | |
|
4E - Bankruptcy - Tenant >30% NRA. Loan is secured by a 36,680 sf health club in West Palm Beach, FL, built in 1987. The 3/13/2008 inspection rated the subject in Good condition. Property is 100% occupied by a single tenant, Bally Total Fitness. YTD 3/31/2009 NCF DSCR is 1.77x, slightly above the 1.75x at YE 2008 and YE 2007, and above U/W 1.57x. Bally\''s lease term is 7/1/2006 - 6/30/2021 and rate is $18.50 psf/yr NNN (RET, PINS & TOE). Borrower reports Rents only. On 12/3/2008 Bally Total Fitness Corporation (''Bally'') filed for voluntarily chapter 11 bankruptcy protection. Bally''s BK was a Trigger Event under Section 15.1(c) of the Loan Agreement, which permits (but does not require) the Bwr to file a $474,436 LOC in order to retain non-recourse status of the Loan. Borrower proposed posting a CD instead of an LOC for the same amount. Following BofA counsel review, a CD in the amount of $474,436 was accepted as a substitute to the LOC, and posted as additional Loan collateral, on 1/9/2009, thus curing the Trigger. Bwr''s counsel indicated the subject is fully operational, a very busy location, and the lease has not been rejected, unlike 19 other Bally locations. The Loan will be retained on the WL due to the tenant BK, and Bank of America will continue to monitor the Loan.
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