| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 3 |
One Park Avenue |
OF |
$187,500,000 |
462,255 |
65.9 |
6.280500 % |
| | One Park Avenue, New York NY 10016 | | 5.3% | 98% | 0.98x (6 mths) | Bank of America |
|  | | Tenant | % | Expires | | NYU HOSPITALS | 12 | 09/30/13 | | THE SEGAL | 12 | 12/31/09 | | COTY INC | 11 | 06/30/15 |
|
| 08/31/09 One Park is 924k SF office building in Murray Hill. While the occupancy is 97%, the DSCR has been very skinny. Lender engaged Dechert and will commence discussions with the borrower.
|
| 8 |
Pacifica Tower |
OF |
$166,250,000 |
314,117 |
80.3 |
5.611468 % |
| | 4365 Executive Drive, San Diego CA 92121 | | 4.7% | 94% | 0.96x (12 mths) | Bank of America |
|  | | Tenant | % | Expires | | DLA Piper | 14 | 06/30/11 | | Wells Fargo BANK | 13 | 11/30/13 | | CB Rechird Ellis | 11 | 08/31/16 |
|
| 1E - DSCR < 1.10. 1F - DSCR <1.40 & <=75% of UW; 4B-EGI<80% UW . The loan is secured by a 314,074 NRSF retail property in San Diego, CA. The property was built in 1990 and renovated in 2007. The property was last inspected on 4/1/09 and received a rating of Good. The property has a fiscal year that begins June 1. The 6/30/09 NCF DSCR is 0.96 with occupancy of 94% as of 7/1/09. The 3/31/2009 NCF DSCR was 0.94 with occupancy of 94.17%. The 12/31/08 NCF DSCR was 0.85 with occupancy of 89.89%. UW stabilized NCF DSCR was 1.28 (33% decline) and according to the appraisal the date of the addition of capital investment is May 2010. The borrower states that Wells Fargo has renewed both of their Suites (1700 & 1800) for 5 years with total square footage of 40,010 with $3.52/rsf starting rate with 3% rent bumps per annum. Bank of America will continue to monitor the loan.
|
| 65 |
655 Engineering |
OF |
$9,900,000 |
73,589 |
79.8 |
5.616000 % |
| 60 | 655 Engineering Drive, Norcross GA 30092 | | 0.3% | 84% | 0.95x (9 mths) | Bank of America |
|  | | Tenant | % | Expires | | FleetCor Technologies Inc | 35 | 01/31/12 | | Natlsco Inc Crawford & Company | 18 | 04/30/09 | | HAAS Publishing Companies Inc | 17 | 12/31/15 |
|
| 09.03.09 - Loan transferred to Special Servicer on 6/23/09 due to servicer determination of imminent default. Borrower made 7/1 and subsequent payments to keep loan current. Borrower requested loan modification due to loss of tenants, rent concessions, and decline in occupancy to 67% economic, 41% physical (June 2009). Based on in place rents and 2009 budget, DSCR-NCF is expected to decline from .97x at 12/08 to .81x at 12/09. Collateral is a Class B, 3-story 73,955 SF suburban office building in NE Atlanta. Borrower has submitted CF projections, and requested a modification through loan advisor. Lock box and cash management agreement already in place; funds for approved operating expenses will be released monthly; forbearance being prepared while modification is being negotiated.
|