Banc of America Commercial Mortgage Trust 2007-4 as of 09/2009: RT DSCR 1.00- 1.10
All data provided by Intex
| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 28 |
Walgreen's Center |
RT |
$10,400,000 |
30,449 |
62.7 |
6.186000 % |
| | 6570 Lone Tree Way, Brentwood CA 94513 | | 0.5% | 100% | 1.09x (UW) | Bank of America |
|  | | Tenant | % | Expires | | walgreen center | 100 | 05/31/32 | | melo pizza | 15 | 11/30/22 | | first bank | 14 | 09/30/22 |
|
| 31 |
Point View Shopping Center |
RT |
$16,082,634 |
77,753 |
64.3 |
6.870000 % |
| | 189-207 Berdan Avenue, Wayne NJ 07470 | | 0.7% | 100% | 1.00x (UW) | Bridger |
|  | | Tenant | % | Expires | | CFA OF WAYNE INC. | 45 | 04/30/21 | | OUTBACK STEAKHOUSE | 8 | 11/30/13 | | VITALIFE | 6 | 04/15/19 |
|
| 91 |
Mountain Gate Marketplace |
RT |
$5,295,983 |
19,255 |
63.8 |
6.333000 % |
| | 160, 330 & 360 West Foothill Parkway, Corona CA 92882 | | 0.2% | 94% | 1.00x (6 mths) | Bank of America |
|  | | Tenant | % | Expires | | Blockbuster | 21 | 09/30/12 | | Shins | 12 | 04/30/14 | | Pick Up Stix | 9 | 06/30/10 |
|
| 1E- DSCR < 1.10, 4B EGI< 80% U/W EGI & < 1.10. The loan is secured by a 19,255 sf retail property in Corona, CA built in 1999. The property was inspected 9/10/2008 and rated in excellent condition. 2Q 6/30/2009 NCF DSCR is 1.00 with occupancy of 94%. YE 2008 DSCR was 1.01 with occupancy of 75%. The decline in EGI and occupancy is a result of Colonial Investment Group, who occupied 4,800 sf (24.93% NRA), vacating prior to lease exp of 02/28/14. Per the borrower this is the only vacancy since the center was constructed. The center is anchored by an exceptional Albertsons doing over $520k per week and they just completed a $4MM remodel. Asking rents for the subject are $2.75/sf, which is consistent with market rents. Bank of America will continue to monitor the loan.
|
| 115 |
Quinsigamond Plaza |
RT |
$3,302,725 |
31,075 |
52.4 |
5.856000 % |
| | 87-97 Boston Turnpike, Shrewsbury MA 01545 | | 0.1% | 89% | 1.08x (6 mths) | Bank of America |
|  | | Tenant | % | Expires | | Petco | 47 | 06/30/14 | | Leslie Poolmart | 13 | 10/31/11 | | chipotle | 8 | 03/31/19 |
|
| 1E - DSCR < 1.10. The loan is secured by a 31,097 sf retail property in Shrewsbury, MA built in 1988. The property was inspected 12/3/2008 and rated in good condition. 2Q 6/30/2009 NCF DSCR is 1.08 with occupancy of 89%. YE 2008 DSCR was 1.56 with occupancy of 84%. The DSCR decline is attributed to the decline in rental income and reimbursements during 2008, when Country Wide Mortgage vacated the premises. A portion of the Country Wide space has been re-leased to Chipotle Mexican Restaurant who will be occupying 2,400 sf, however, rent did not commence until 3/15/2009. The remaining 3,457 sf vacancy is being marketed by an outside broker. Bank of America will continue to monitor the loan.
|
| 127 |
Bakerview Retail |
RT |
$2,700,000 |
7,950 |
78.0 |
6.298000 % |
| | 1317 West Bakerview Road, Bellingham WA 98226 | | 0.1% | 100% | 1.06x (UW) | Bridger |
|  | | Tenant | % | Expires | | Compu Care | 25 | 04/30/12 | | Desert Sun | 24 | 08/30/17 | | Subway | 15 | 08/12/11 |
|