| 1A - Delinquent P&I Payments. The subject property is known as Greenbriar student housing located in Bowling Green, OH, & consists of 3 apt projects, within two blocks of each other. The subject property is student housing for Bowling Green State University (\''BGSU''), built in 1963 and renovated in 2007. The property was inspected on 12/10/08; rated in Good condition. Q1-2009 NCF DSCR is 1.58 with an occupancy of 93.40%. The loan has been placed on the watchlist for the delinquency of the 08/01/09 & 09/01/09 payments. Servicer received funds for the 08/01/09 payment but the payment was short $7703.00, the amount of the monthly Seasonality Reserve constant. Borrower stated that the monthly constant is not due until December; however, pursuant to the loan documents, monthly seasonality amounts shall be deposited for the months of August through April. Borrower indicated that the delinquent amount due for 08/01/09 payment will be wired to servicer by 09/04/09. Bank of America will continue to monitor the loan.
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