Banc of America Commercial Mortgage Trust 2007-4 as of 09/2009: OF DSCR 0.70- 0.80
All data provided by Intex
Id Name/ Type/ Bal GLA/Units LTV WAC
Address Subtype % Pool Occ. % DSCR Originator
121 Berry Avenue Office - Colorado OF $3,030,138 28,583 59.4 6.357000 %
7447 East Berry Avenue, Greenwood Village CO 80111 0.1% 100% 0.71x (12 mths) Bridger
Tenant % Expires
RESOURCE MANAGEMENT3009/30/09
WBP/GREENWOOD ASC2308/31/12
DENVER PAIN MANAGEMENT1709/30/12
1E - DSCR < 1.10, 1F - DSCR < 1.40 and <= 75% U/W DSCR. The loan is secured by a 28,584 sf office property in Greenwood Village, CO built in 1996. The property was inspected 12/22/2008 and rated in good condition. YE 2008 NCF DSCR is 0.71 with occupancy of 100%. YE 2007 DSCR was 0.74 with occupancy of 100%. The decline in NCF is a result of an EGI decline. Per primary servicer, the property performance in 2007 declined because one of the tenants had to renegotiate their lease due to a loss of patients, thereby causing the decline in revenue. Resource Management vacated upon its lease expiration and Erik Mathy\''s DDS will take that 3,200 SF plus another 500 SF. The lease is for $84k per year for the first five years and $95K for the final five years. The Mathy's lease will commence July 17, 2009. 1Q 2009 financials have been requested from the primary servicer. Bank of America will continue to monitor the loan.
136 Southern Avenue OF $2,114,011 24,118 79.5 5.754000 %
2034 East Southern Avenue, Tempe AZ 85282 0.1% 55% 0.79x (UW) Bank of America
Tenant % Expires
Dr. Edward D. Szmuc910/31/10
Steven C. Burns804/30/11
Physicians weight manage607/31/09
1E - DSCR < 1.10, 1F DSCR <1.40 & <= 75% U/W, 4B EGI< U/W EGI & < 1.10. The loan is secured by a 24,120 sf office property in Tempe, AZ built in 1974 and renovated in 1994. The property was inspected 9/23/2008 and rated in good condition. 1Q 3/31/2009 NCF DSCR is 0.80 with occupancy of 57%. YE 2008 DSCR was 0.79 with occupancy of 55%. The decline in DSCR is attributed to a decline in occupancy and EGI combined with a slight increase in operating expenses. Bank of America contacted the borrower who stated they are working to lease the vacant space and have already signed some new smaller tenants. The property is co-marketed by GPE and Essex Realty using monthly mailers, Craig\'s List, referrals, and direct mailings to potential medical and non-medical tenants. Bank of America will contact the borrower for an update.