| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 9 |
Tanforan Shopping Center |
RT |
$144,000,000 |
560,638 |
77.2 |
6.101000 % |
| | 1150 El Camino Real, San Bruno CA 94066 | | 4.6% | 95% | 1.19x (6 mths) | Eurohypo AG |
|  | | Tenant | % | Expires | | TARGET | 27 | 08/30/71 | | CENTURY THEATERS | 12 | 01/31/23 | | BARNES & NOBLE | 5 | 01/31/16 |
|
| 83 |
Lincoln Ridge Retail |
RT |
$5,991,596 |
20,765 |
62.0 |
5.905000 % |
| | 1500, 1510 and 1520 Del Webb Boulevard, Lincoln CA 95648 | | 0.2% | 100% | 1.14x (12 mths) | Bridger |
|  | | Tenant | % | Expires | | WELLS FARGO BANK | 12 | 09/30/15 | | THE PANTRY | 10 | 02/28/10 | | SUN RIDGE REAL ESTATE INC. | 10 | 02/28/10 |
|
| 95 |
Expressway Plaza II |
RT |
$5,358,542 |
58,302 |
76.9 |
6.087000 % |
| 60 | 1500-1512 Lowes Boulevard, Killeen TX 76542 | | 0.2% | 100% | 1.17x (6 mths) | Bridger |
|  | | Tenant | % | Expires | | Cato | 14 | 01/31/13 | | Anna's Linens | 14 | 01/07/18 | | Leslle's pool | 6 | 12/31/08 |
|
| No major concerns regarding physical plant. All tenants current with rent. Property is being marketed for lease and the leasing agent is working with several prospects. New lease prospect reported in June with need between 7,000 to 12,0000 sf. Still pursuing a 35,000 sq ft tenant. Newly acquired tenant will assume 35,000 sf for 3 months.
|
| 99 |
Burbank Village Walk |
RT |
$5,262,279 |
13,791 |
60.5 |
5.738000 % |
| | 150 South San Fernando Boulevard, Burbank CA 91502 | | 0.2% | 100% | 1.15x (UW) | Bank of America |
|  | | Tenant | % | Expires | | VOLCANO GRILLINC | 51 | 07/31/16 | | LION ROCK ENTERPRISES C/O GLENN LEO | 17 | 06/30/16 | | ANITA WALIA | 16 | 11/30/16 |
|
| 1E - DSCR < 1.10; 1F - DSCR < 1.40 & < or = 75% U/W; 4B - EGI < 80% U/W & < 1.10. Loan is secured by a 13,792 sf, four-unit retail property in Burbank, CA, built in 2006. The 5/1/2008 inspection rated the Property in Good condition. YTD 3/31/2009 NCF DSCR is 0.47x with 100% Occ, which has since declined to 84% as of early 2Q09. Based on Annualized 1Q09 figures, the DSCR and EGI declines are attributed to early termination of a tenant, which caused loss of rental income, decreased expense reimbursements, and higher expenses, specifically Prof Fees (Legal). The resulting NCF DSCR is a 63% decline from U/W and 59% decline from YE08. The 3/31/2009 rent roll shows the tenant Krull Enterprise in place, however, the 6/30/2009 rent roll indicates that Krull vacated in early 2Q09, prior to their 10-year lease\''s 6/30/2016 expiration. Krull occupied Suite 40 (2200 sf; 16% NRA) and had monthly charges of $8096 base rent + $1900 CAM. Borrower-reported 2Q09 financials suggest that Krull''s $7000 security deposit was applied to May rental income. Borrower incurred steep Legal Fees during 1Q and 2Q 2009, especially in February ($6957) and May ($17,930), costs most likely associated with Krull''s termination. In-place rents per the 3/31/09 rent roll total $44,933, however, the 1Q09 financial statement indicates that only $28,758 was collected each month in Jan, Feb and March. Bank of America has requested further clarification from the Borrower regarding Krull''s early termination, Bwr''s marketing plan and current efforts to lease up the vacant space; awaiting a response.
|
| 155 |
Linden Heights Plaza |
RT |
$1,673,968 |
21,555 |
77.5 |
6.110000 % |
| | 2909-2939 Linden Avenue, Dayton OH 45410 | | 0.1% | 100% | 1.19x (12 mths) | Bridger |
|  | | Tenant | % | Expires | | WEST COAST VIDEO | 31 | 02/28/11 | | SHERWIN WILLIAMS | 19 | 06/30/13 | | RENT A CENTER | 19 | 08/31/09 |
|