| 1E - DSCR < 1.10. 1F - DSCR < 75% U/W; 4B-EGI<80% UW. The loan is secured by an 858 unit Self Storage facility located in Pompano, FL. The property was built in 2000. The property was inspected on 4/1/09 with a Good rating. The 1Q09 NCF DSCR is 0.70 with occupancy of 50.18%. The current annualized EGI is 22% less than the UW EGI. YE 2008 NCF DSCR was 0.66 with occupancy of 52%. This is down from DSCR and occupancy levels of 1.00 and 55% at YE 2007, and 1.20 and 59% from U/W. The borrower was contacted regarding leasing efforts with the following response. They are advertising in the Yellow Pages, on Google (they are one of the top 5), on Craig\''s List, and are going to surrounding Condominiums with flyers. The property is offering multiple discounts to attract new clients. They are also revamping their website. They were also contacting mortgatge companies for surrounding neighborhoods that were experiencing foreclosures. The borrower also states that there are two nearby storage facilities, Public Storage and Extra Space. Also there are three storage facilities within a 1 and 1/2 mile radius of the subject that are currently under construction that will be opening around the summer of 2009. Bank of America will continue to monitor the loan.
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