| 1E-DSCR <1.10; 1F DSCR <1.40 & <= 75% U/W. The loan is secured by an 80 unit multifamily property located in New York, NY that was built in 1896 and renovated in 2006. The property was last inspected on 7/25/08 with a Good rating. The 1Q09 NCF DSCR is 0.70 with occupancy of 100% as of 6/30/09. The YE 2008 NCF DSCR was 0.68. The YE 2007 NCF DSCR was 1.34 with occupancy of 100%. Since YE 2007 the EGI has declined by 33% but the property was underwritten with EGI less than reported for 2008. Although expenses have declined since YE 2007 they are 68% higher than were underwritten. It appears that the revenue has declined since YE 07 and the borrower has been contacted regarding the revenue reduction, awaiting an answer. Bank of America will continue to monitor this loan.
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