Banc of America Commercial Mortgage Trust 2007-2 as of 09/2009: HT DSCR 0.80- 0.90
All data provided by Intex
| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC | |
|---|---|---|---|---|---|---|---|
| Address | Subtype | % Pool | Occ. % | DSCR | Originator | ||
| 149 | Super 8 - South Padre Island | HT | $2,909,328 | 66 | 76.6 | 5.720000 % | |
| 4205 Padre Boulevard, South Padre Island TX 78597 | 0.1% | 0.87x (12 mths) | Bear Stearns | ||||
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| 1E - DSCR < 1.20. The loan is secured by a 66 room Super 8 Motel in South Padre Island, TX built in 1999. The property was inspected on 05/15/08; rated in Good condition. The TTM 02/28/09 NCF DSCR is .87. The decline in NCF is a result of a decline in departmental revenues. TTM 02/28/09 revenues have declined 19% from YE 2008. Per the Feb 2009 STAR report, the property is behind the comp set in Occ, ADR and RevPar. The property\''s occupancy, ADR and RevPar were 38.60%, $82.88, and $31.98, respectively. The comp set occupancy, ADR and RevPar were 59.0%, $93.00, and $54.84 respectively. Bank of America will contact the Borrower for further property performance updates. | |||||||