Banc of America Commercial Mortgage Trust 2007-2 as of 09/2009: RT DSCR 1.40- 1.50
All data provided by Intex
Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| Address | Subtype | % Pool | Occ. % | DSCR | Originator |
11 |
Barrett Pavilion |
RT |
$70,373,016 |
460,918 |
68.3 |
5.447500 % |
| 740 Earnest West Barrett Parkway Northwest, Atlanta GA 30144 | | 2.2% | 90% | 1.45x (12 mths) | Bank of America |
| | | Tenant | % | Expires | | AMC Theatre | 21 | 06/30/09 | | Jo-Ann Fabrics | 10 | 01/31/11 | | school Box The | 8 | 01/31/10 |
|
40 |
Columbiana Station II |
RT |
$15,296,764 |
107,000 |
65.7 |
5.447500 % |
| 1005-1009 & 1110-1270 Bower Parkway, Columbia SC 29212 | | 0.5% | 77% | 1.46x (12 mths) | Bank of America |
| | | Tenant | % | Expires | | HH Gregg -26 | 28 | 10/31/15 | | Wild Wing Cafe | 7 | 08/31/15 | | Miyo's Shanghai Bistro | 6 | 02/28/14 |
|
46 |
Corona Valley Marketplace |
RT |
$12,840,000 |
84,763 |
60.0 |
5.716500 % |
| 7014-7084 Archibald Street, Corona CA 92880 | | 0.4% | 91% | 1.48x (12 mths) | Bank of America |
| | | Tenant | % | Expires | | ALBERTSONS | 62 | 06/20/31 | | CARL'S JR | 5 | 03/31/27 | | GAS STATION | 4 | 12/31/26 |
|
73 |
Rita Ranch I |
RT |
$7,900,000 |
62,773 |
73.8 |
5.712000 % |
| 9040 East Valencia Road, Tucson AZ 85747 | | 0.3% | 97% | 1.45x (12 mths) | Bank of America |
| | | Tenant | % | Expires | | Safeway | 68 | 03/02/19 | | Chinese Combo Express | 6 | 01/31/11 | | Blockbuster | 5 | 05/31/09 |
|
86 |
Ironwood Square Shopping Center |
RT |
$6,300,000 |
59,885 |
58.1 |
5.647000 % |
| 208, 212, 224-230 West Ironwood Drive, Coeur d'Alene ID 83814 | | 0.2% | 98% | 1.40x (9 mths) | Bank of America |
| | | Tenant | % | Expires | | Albertsons - 243 | 42 | | | Rite Aid -05420 | 22 | 05/31/17 | | Holiday's Hallmark & Florist Shop | 4 | 01/31/12 |
|
106 |
Seven Oaks Shopping Center |
RT |
$4,968,000 |
16,053 |
79.9 |
5.904000 % |
| 27607 State Road 56, Wesley Chapel FL 33543 | | 0.2% | 75% | 1.48x (UW) | Bridger |
| | | Tenant | % | Expires | | MATTRESS GIANT | 28 | 08/31/11 | | WOLF'S DEN | 12 | 05/31/13 | | PLANET BEACH | 10 | 08/31/11 |
|
1E - DSCR < 1.10, 1F - DSCR < 1.40 and <= 75% U/W DSCR, 4B - EGI < 80% U/W EGI, and 4A- Occ decline. The loan is secured by a 16,054 sf retail property in Wesley Chapel, FL built in 2006. The property was inspected on 11/02/08; rated in Good condition. Q1-2009 NCF DSCR is .64 with an occupancy of 75.21%. The decline in NCF and occupancy is a result of two tenants - Republic Bancorp and Bagel Bagel Cafe vacating prior to their lease expirations. Tenants occupied 24.95% NRA. As of the June 2008 rent roll, there is 5200 vacant sf. Borrower was able to secure a new tenant for the former Bagel Bagel Cafe. Wolf\''s Den took occ of the former Bagel Bagel Cafe space for a 5 year term at $28 PSF. For the Republic Bancorp space, Little Feet Shoe Store took occ of 1200 sf for a 3 year term for $20 PSF (16.26 PSF with the free rent), and there is an LOI out to an optometrist at $16.65 for a 5 yr term for the remaining 2000 sf space. Current asking rates are approximately $27 PSF; market rates range from $25 - $27 PSF. Property is being actively marketed via statewide publications (Florida Investor), direct contact with tenants and brokers, active web marketing via email blasts (CCIM Net, ICSC, and local Commercial Associations), Loopnet, CoStar, and active participation at ICSC conferences. Borrower noted that concessions can be included for the former Republic Bank space which would include 90 day free rent period. Bank of America will continue to monitor the loan.
|
108 |
Marsh Store 47 |
RT |
$4,578,404 |
84,069 |
62.9 |
5.880000 % |
| 3825 State Road 26 East, Lafayette IN 47905 | | 0.1% | 100% | 1.43x (12 mths) | Bank of America |
| | | Tenant | % | Expires | | Marsh Store - 47 | 100 | 10/31/26 | | |
|
130 |
Northmarket Center |
RT |
$3,569,562 |
53,572 |
67.4 |
5.914000 % |
| 7208 Williamson Road, Roanoke VA 24019 | | 0.1% | 81% | 1.43x (12 mths) | Bridger |
| | | Tenant | % | Expires | | GOODWILL | 42 | 02/28/15 | | DOUBLE DRAGON | 8 | 12/31/12 | | MATADORES 1 | 7 | 06/30/09 |
|
136 |
Walgreens - New Lenox |
RT |
$3,387,176 |
15,119 |
61.6 |
5.569000 % |
| 450 Schoolhouse Road, New Lenox IL 60451 | | 0.1% | 100% | 1.49x (6 mths) | Bridger |
| | | Tenant | % | Expires | | WALGREENS | 100 | 01/31/61 | | |
|