| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 12 |
East Market at Fair Lakes |
RT |
$40,800,000 |
87,889 |
79.2 |
5.738000 % |
| | 4471 Market Commons Drive, Fairfax VA 22030 | | 1.8% | 93% | 0.95x (6 mths) | Bank of America |
|  | | Tenant | % | Expires | | Whole Foods Market Inc. | 70 | 01/31/27 | | Jus Massage | 4 | 03/30/17 | | Pei Wei Asian Diner | 4 | 08/13/16 |
|
| 1E - DSCR < 1.10. The loan is secured by an 87,889 sf retail property in Fairfax, VA built in 2005. The property was inspected 7/22/2009 and rated in fair condition. 2Q 6/30/2009 NCF DSCR is 0.95 with occupancy of 93%. YE 2008 DSCR was 1.15 with occupancy of 100%. The decline in DSCR is attributed to the decline in occupancy that occurred during 2Q 2009. Two tenants totaling 6,041 sf vacated the premises which reduced the amount of rental income and expense reimbursements. The expenses for 2Q 2009 when annualized are actually lower than the total operating expenses for 2008, so the borrower is actively working to manage the expenses. The borrower is actively marketing the vacancies; however there are no prospects at this time. Bank of America will continue to monitor the loan.
|
| 35 |
Winterpock |
RT |
$14,600,000 |
122,843 |
78.9 |
5.586000 % |
| | 6601-6801 Lake Harbour Drive, Midlothian VA 23112 | | 0.7% | 81% | 0.96x (12 mths) | Bridger |
|  | | Tenant | % | Expires | | FERGUSON ENTERPRISES | 21 | 05/31/17 | | TRACTOR SUPPLY CO. | 17 | 01/31/14 | | DOLLAR TREE | 8 | 02/29/12 |
|
| 1E - DSCR < 1.10, 1F DSCR <1.40 & <= 75% U/W. The loan is secured by a 122,844 sf retail property in Midlothian, VA built in 1999 and renovated in 2006. The property was inspected on 7/15/08 and rated in good condition. YE 2008 NCF DSCR is 0.96 with occupancy of 81%. The decline in DSCR is attributed to a decline in EGI combined with an increase in operating expenses, specifically real estate taxes which increased 18% over YE 2007. Bank of America has requested the 1Q 2009 financials from the primary servicer and will continue to monitor the loan.
|
| 116 |
Center Point Shopping Center |
RT |
$3,324,066 |
14,025 |
77.3 |
5.589000 % |
| | 190-195 Golfview Drive, Monaca PA 15061 | | 0.1% | 89% | 0.90x (6 mths) | Bank of America |
|  | | Tenant | % | Expires | | Aspen dental | 26 | 06/30/16 | | OROGINAL MATTRESS FACTORY | 24 | 05/31/13 | | PEARIE VISION | 16 | 03/31/17 |
|
| 1E - DSCR < 1.10, 1F DSCR <1.40 & <= 75% U/W. The loan is secured by a 14,025 sf retail property in Monaca, PA built in 2005. The property was inspected 7/24/2008 and rated in excellent condition. 2Q 6/30/2009 NCF DSCR is 0.90 with occupancy of 89%. YE 2008 DSCR was 0.93. The DSCR decline is attributed to a decline in EGI. The EGI decline is a result of lower than expected rent collections. The management at the property changed in September 2008, however, this company quit two months later when they could not agree on terms with the borrower. The borrower hired a new management company in November 2008. While the property was managed by the first company for two months they only received approximately $10,000 from two tenants at the property. The remaining three tenants were struggling to pay or working on changes at their corporate level. The new management company – Avalar Real Estate has now commenced collecting rent from all five tenants which has increased the monthly rental income back up to the $25K mark. The only exception is the UPS Store, which is having difficulty making and/or catching up on their payments. Management has hired an attorney to work on collecting back rents from the tenant and are prepared to move forward with (or without) them. Bank of America will continue to monitor the loan.
|
| 142 |
Eagle Clocktower |
RT |
$1,595,542 |
8,898 |
62.6 |
5.814000 % |
| | 1580 East State Street, Eagle ID 83616 | | 0.1% | 100% | 0.93x (UW) | Bridger |
|  | | Tenant | % | Expires | | TANGLEWOOD TWI | 19 | 03/20/12 | | AMI TECHNOLOGIES INC. | 17 | 05/15/13 | | ANITA TWICHELL PIONEER FEDERAL | 16 | 01/01/12 |
|