Banc of America Commercial Mortgage Trust 2007-2 as of 09/2009: RT DSCR 1.50- 1.60
All data provided by Intex
Id Name/ Type/ Bal GLA/Units LTV WAC
Address Subtype % Pool Occ. % DSCR Originator
15 Sycamore Commons RT $48,381,600 262,772 69.5 5.447500 %
2113-2335 Matthews Township Parkway, Matthews NC 28105 1.5% 98% 1.59x (UW) Bank of America
Tenant % Expires
Dick's Sporting Goods1701/31/12
Bed Bath & beyond1001/31/12
Old Navy1010/31/11
18 Sarasota Pavilion RT $40,425,230 324,205 65.7 5.447500 %
6507-6607 South Tamiani Trail, Sarasota FL 34231 1.3% 98% 1.51x (UW) Bank of America
Tenant % Expires
Bed Bath & Beyond1201/31/10
ROSS DRESS FOR LESS -513901/31/12
Marshall's901/31/13
21 River Ridge RT $28,116,029 172,300 66.6 5.447500 %
U.S. Highway 280, Birmingham AL 35242 0.9% 72% 1.56x (UW) Bank of America
Tenant % Expires
Best Buy2601/31/17
Staples -11881407/31/16
Cost Plus1001/31/13
4A-Occ < 80% U/W Occ. The loan is secured by a 172,304 sf retail property in Birmingham, AL built in 2001. The property was inspected on 02/12/09; rated in Good condition. Q1-2009 NCF DSCR is 1.23 with an occupancy of 72%. The decline in occupancy is a result of Linens n Things (\''LNT'') vacating prior to lease expiration as a result of LNT full liquidation plan for all stores. LNT occupied 20.31% NRA or 35,000 sf at the property with a lease expiration of 01/31/2017. As of June 2009 rent roll, there is 42,109 vacant sf at the property. Borrower stated that the LNT space is very visible within the shopping center. As of Aug 2009, there are no firm prospects for the former LNT space, however, Borrower did state the box is in a good position and is anticipated to be filled at some point. For the remaining 7,109 sf, an LOI has been signed with a prospect for 5568 sf for a 6 yr term with rent at $22/psf for years 1-3 and $23/psf for years 4-6. Asking rates are $12 PSF which is in line with market rates as per Borrower. Space will be advertised by cold calling and email blasts to brokers and retailers. Bank of America will continue to monitor the loan.
25 Rite Aid - Coldwater and Shelby (Rollup) RT $5,750,000 22,359 79.6 5.719000 %
51037 Van Dyke Avenue, Shelby Township MI 48316
450 East Chicago Road, Coldwater MI 49036 0.2% 100% 1.51x (UW) Bear Stearns
Tenant % Expires
Rite Aid of Michigan Inc.10009/30/18
36 City Crossing RT $17,417,561 190,439 69.4 5.447500 %
2620 Watson Boulevard, Warner Robins GA 30266 0.6% 77% 1.54x (12 mths) Bank of America
Tenant % Expires
Ross Dress for Less -5661601/31/12
Michael's -15731102/28/11
Old Navy1108/31/11
75 Echelon RT $7,784,741 30,817 79.4 5.887000 %
REO 5252 E. 82nd Street, Indianapolis IN 46250 0.2% 100% 1.57x (9 mths) Bridger
Tenant % Expires
Houseworks Inc.2806/30/12
Premier Properties USA Inc.2306/30/20
D'Vine A Wine Bar1308/31/12
08/31/09 Title to this 33,000 sf retail property in Indianapolis, IN obtained on 3/18/09 via foreclosure sale. The receivership was dismissed on 6/1/09, concurrent with the property management and leasing change to McKinley Management. The Property is 60% occupied. A new lease proposal for the former restaurant is being negotiated and would bring occupancy to approximately 84%.
123 Plainfield Lot 1 RT $4,080,000 14,025 80.0 5.683000 %
FC 2663 East Main Street, Plainfield IN 46168 0.1% 100% 1.53x (9 mths) Bridger
Tenant % Expires
Helzberg Diamond Shops Inc.3201/31/16
Payless Shoesource Inc2503/31/11
Aztec Partners LLC dba Qdoba Mexican Grill1708/31/10
08/31/09 A retail property located in Plainfield IN, with current occupancy of 100%. The sale of the property was approved by the Court and escrow closed. Upon 3 months seasoning, the loan shall be reinstated.
137 Eckerd - Goucher Street RT $3,487,000 10,908 75.0 5.610000 %
1759 Goucher Street, Lower Yoder Township PA 15905 0.1% 100% 1.52x (9 mths) Bear Stearns
Tenant % Expires
Eckerd10003/02/20