Banc of America Commercial Mortgage Trust 2007-1 as of 09/2009: RT DSCR 1.00- 1.10
All data provided by Intex
Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| Address | Subtype | % Pool | Occ. % | DSCR | Originator |
64 |
Tulsa Retail Center |
RT |
$9,861,358 |
123,777 |
78.1 |
5.942000 % |
90+ | 9027 & 9121-9161 East 71st Street, Tulsa OK 74133 | | 0.3% | 100% | 1.06x (12 mths) | Bridger |
| | | Tenant | % | Expires | | LINENS N THINGS | 28 | 01/31/11 | | CIRCUIT CITY | 25 | 02/28/15 | | DOLLAR TREE | 23 | 09/30/18 |
|
Borrower has offered a discounted payoff and his offer has been countered. The 31,373 sf building has been leased. Marketing of in-line space continues
|
91 |
Cornell Home Center |
RT |
$5,707,756 |
41,922 |
60.1 |
5.910000 % |
| 17235-17305 Northwest Corridor Court, Beaverton OR 97006 | | 0.2% | 100% | 1.07x (6 mths) | Bank of America |
| | | Tenant | % | Expires | | Sleep Country USA | 32 | 05/31/10 | | Fishel's Inc. | 30 | 05/31/10 | | Office Furniture/Dining Rooms Unlimited | 21 | 06/30/11 |
|
114 |
Lakewood Towne Center |
RT |
$3,768,775 |
28,852 |
61.3 |
5.752000 % |
| 6020-6030 Main Street, Lakewood WA 98499 | | 0.1% | 88% | 1.05x (6 mths) | Bank of America |
| | | Tenant | % | Expires | | Tuesday Morning | 26 | 01/15/12 | | NAVY FEDERAL CREDIT UNION | 11 | 09/30/13 | | NATIONAL CITY MORTGAGE | 7 | 12/31/09 |
|
1E - DSCR < 1.10; 1F - DSCR < 1.40 & < or = 75% U/W. Loan is secured by a 28,815 sf retail building in Lakewood, WA, built in 1956 and renovated in 2005. The 4/1/2009 inspection rated the Property in Good condition. YTD 3/31/2009 NCF DSCR is 1.0x with 94% Occ as of 4/28/2009; YE 12/31/2008 NCF DSCR was 1.07x with 97% Occ as of 2/3/2009; YE 12/31/2007 NCF DSCR was 0.96x with 83% Occ. Loan was U/W at 1.37x with 94.4% Occ. Initial DSCR and Occ declines were attributed to early tenant loss and decline in Rental Income: Evergreen State Builders LLC (\''Evergreen'') occupied Unit 20E (i.e., 20E/F/G; 4137 sf, 14.3% NRA) at a rate of $12.84 psf/year/NNN (with 3% annual base rent increases), and had a lease from 6/1/2006 - 5/31/2011; Evergreen vacated prior to lease exp during 3Q08. YTD 9/30/2008 financials suggested that no early lease termination fee was received from Evergreen; there was no Guarantor on their lease, nor was a security deposit held. Bank of America has requested Borrower''s clarification regarding DSCR decline at 1Q09, when Occ is in line with U/W; awaiting a response.
|
142 |
Del Amo Square |
RT |
$2,321,657 |
6,613 |
56.6 |
6.047000 % |
| 4900 Palo Verde Avenue, Lakewood CA 90713 | | 0.1% | 100% | 1.01x (9 mths) | Bridger |
| | | Tenant | % | Expires | | It's a Grind Coffee House | 23 | 08/31/16 | | My Realty | 20 | 10/31/11 | | Advance America Cash Adv. | 19 | 10/31/11 |
|
1E - DSCR < 1.10; 6A - Other (Past Due & Inadequate Financial Reporting). Loan is secured by a 6613 sf unanchored retail property in Lakewood, CA, built in 2006. The 7/24/2008 inspection rated the Property in Good condition. YTD 9/30/2008 NCF DSCR is 1.01x with 100% Occ; Loan was U/W at 1.27x with 100% Occ. Per the Primary Servicer, Borrower remains unresponsive to requests for past-due 1Q09 financial reporting as well as replacement of inadequately detailed YE 12/31/2008 financials that could not be analyzed; the Primary Servicer maintains efforts to collect. BofA will continue to monitor the Loan.
|