| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 6 |
Rockwood Ross Multifamily (Rollup) |
MF |
$175,000,000 |
2,508 |
53.0 |
5.800000 % |
| | 5603 Cypress Creek Drive, Hyattsville MD 20782 |
| | 7509 Mandan Road, Greenbelt MD 20770 |
| | 225 South Whiting Street and 200 Yoakum Parkway, Alexandria VA 22304 |
| | 14706 Normandy Court, Laurel MD 20708 |
| | 5309 85th Avenue, New Carrollton MD 20784 |
| | 5306 85th Avenue, New Carrollton MD 20784 |
| | 5306 85th Avenue, New Carrollton MD 20784 | | 5.0% | 90% | 0.98x (UW) | Hypo Real Estate Capital Corporation |
|  |
| 8.3.09 Note is paid to 8.1.09. Collateral for the $175MM note is a first priority lien against a Class A office building and partially-attached Class B office building located in Seattle, WA. Note was transferred due to imminent default due to the recent loss of a 16% tenant (WAMU). Special servicer\'s inspection revealed Class A office building to be in excellent condition, Class B office building in fair condition. Borrower's modification request under review. Appraisal and BOVs ordered. 9/03/09 - Loan is paid to 10/1/09. Collateral is first mortgage lien on 7 Class B/C multifamily properties containing 2,509 units located in MD and VA. Portfolio occupancy at 4/17/09 was 90%. Properties are in midst of a 5-year renovation program. Loan transferred to special servicer due to $750K mechanics lien and unpaid payables ($3.7M as of 5/22/09), and risk of imminent default. A $450K mechanics lien is in process of being satisfied. Per the 12/31/08 OSAR, DSCR-NCF is .91x. There are two mezzanine loans -- $46M ($16.2M funded) Sr. Mezz and $25M Jr Mezz. Combined DSCR-NCF is .80x. CF waterfall shortfalls since May 2009 were funded by Borrower. Borrower requested loan modification from A-2 Note Holder in February 2009. Loan modification negotiations among Borrower and A Note, Sr. Mezz, and Jr. Mezz Lenders were completed in June; loan modification is expected to close by 9/30/09. Jr Mezz lender granted payment forbearance from 5/1/09-9/20/09. Cash is controlled via lock box/CMA and funds are disbursed per waterfall. The loan is current.
|
| 35 |
Nantucket Creek |
MF |
$17,300,000 |
172 |
67.2 |
6.010000 % |
| | 9225 Topanga Canyon Boulevard, Chatsworth CA 91311 | | 0.5% | 98% | 0.95x (9 mths) | Eurohypo AG |
|  |
| 1E-DSCR <1.10; 1F - DSCR < 1.40 & <= 75% UW DSCR. The loan is secured by a 172 unit multi-family property located in Chatsworth, CA that was built 1985 and renovated in 2005. The last inspection of the property was 5/15/08 with a Good rating. The YE 2008 NCF DSCR is 1.07 with occupancy of 95.35%.. The 2Q 2008 NCF DSCR was 1.10 with occupancy at 98.26%. The YE 2007 NCF DSCR was 1.13 with occupancy at 87.79%. The UW NCF DSCR was 1.51 with occupancy at 97.10%. The decline in DSCR is due to an increase in overall expenses since UW by 31.68% and since YE07 by 14% . The Primary servicer has been contacted regarding the increase in expenses and states that the R&M expenses in 2007 were entered as a negative thus the large increase. EGI has remained stable since year end 2007 but has declined by 10.31% since underwriting. Bank of America will continue to monitor this loan.
|
| 45 |
Somerset I and II (Rollup) |
MF |
$13,559,779 |
312 |
71.4 |
6.150000 % |
| 90+ | 4127 West 127th Street, Alsip IL 60803 |
| 90+ | 3040-3060 West 119th Street, Merrionette Park IL 60803 | | 0.4% | 95% | 0.91x (UW) | Bank of America |
|  |
| 08/31//09 Loan transferred to Special Servicing due to payment default. Default letter sent. Reservation of rights letter and pre-negotiation letter sent. Borrower sent partial payment and is paid through 6/1/09 payment. Meeting with the Borrower on site and Midland site inspection scheduled for 9/2/09. This is a multifamily property of 72 units in Merionette Park and 240 units in Alsip, IL, both south suburbs of Chicago, IL. Counsel retained to run prelim title.
|