| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 7 |
Green Oak Village Place |
RT |
$67,525,000 (whole: 75,000,000) |
283,694 |
72.6 |
5.628000 % |
| Past Due | 9608 Village Place Boulevard, Brighton MI 48116 | | 3.7% | 88% | 0.81x (6 mths) | Bank of America |
|  | | Tenant | % | Expires | | Dick's Sporting Goods | 16 | 01/31/17 | | Barnes & Noble | 9 | 02/28/17 | | DSW Inc | 6 | 01/31/17 |
|
| The Borrower is seeking a modification of the note and access to the debt service reserve funds which total over $6,000,000. The loan was transferred to the Special Servicer on January 26, 2009. Loan payments have been made by the Borrower through the cash management account and is currently due for the September 1, 2009 payment. Occupancy is currently 85%. A modification of the loan has been approved by the A and B noteholders, presented to the Borrower, and is currently in the final stages of negotiation. If consummated in the next few weeks, the loan will be modified allowing access to some of the debt service reserve account for multiple purposes including the leasing and improvements of an additional tenant space and the payment of some delinquent payables associated with the building of additional restaurant space.
|
| 58 |
Colonnade at Kings Grant |
RT |
$7,342,500 |
21,064 |
74.5 |
5.551000 % |
| | 8520-8532 Pit Stop Court, Concord NC 28027 | | 0.4% | 82% | 0.84x (6 mths) | Bank of America |
|  | | Tenant | % | Expires | | LDQ Speedway partners | 23 | 06/21/16 | | Elena & Terry Bradfo | 17 | 06/30/11 | | CCL | 16 | 11/30/16 |
|
| 1E - DSCR < 1.10 and 1F - DSCR < 1.40 and <= 75% U/W DSCR and 4B - EGI < 80% U/W EGI. The loan is secured by a 21,064 sf retail property in Concord, NC built in 2005. The property was inspected on 06/16/09; rated in Good condition. The Q2-2009 NCF DSCR is .84 with an occ of 81.65%. The decline in NCF is a result of an EGI decline. Annualized 2009 EGI has dropped 25.20% due to an occupancy decline, that first occurred during Q4-2008 when Sierra Simone Hawaiian Delights vacated 1590 sf or 7.55% NRA combined with increased delinquencies. Per the June 2009 rent roll, occupancy has dropped further due to the vacating of Julie LaTerra Homes who occupied 2250 sf or 10.68% NRA during Q2-2009. As of the June 2009 rent roll, there is 3,840 vacant sf at the property. Per the June 2009 rent roll, market rents for the vacant space range from $17.33 - $23 PSF/annual. Bank of America has contacted the Borrower for further property performance updates; waiting for a response.
|