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 THINGS2801/31/11
CIRCUIT CITY2502/28/15
DOLLAR TREE2309/30/18
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 USA3205/31/10
Fishel's Inc.3005/31/10
Office Furniture/Dining Rooms Unlimited2106/30/11
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 Morning2601/15/12
NAVY FEDERAL CREDIT UNION1109/30/13
NATIONAL CITY MORTGAGE712/31/09
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 House2308/31/16
My Realty2010/31/11
Advance America Cash Adv.1910/31/11
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.