| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 128 |
126 Chestnut Street |
MX |
$3,300,000 |
14,905 |
71.3 |
6.550000 % |
| | 126 Chestnut Street, Philadelphia PA 19106 | | 0.2% | 100% | 0.95x (6 mths) | GACC |
|  | | Tenant | % | Expires | | The Mad River Grill | 44.28 | 07/12/09 | | |
|
| 10/07/2009: Subject property is a commercial mixed use located in Philadelphia, PA. At origination, DSCR was 1.11 vs .90X at 6/30/09. Average rental rates have declined during the first half of the year.
|
| 159 |
Richmond Street Studios |
MX |
$1,172,746 |
8,041 |
67.0 |
6.530000 % |
| | 117 Richmond Drive Southeast, Albuquerque NM 87106 | | 0.1% | 100% | 0.97x (6 mths) | Artesia |
|  | | Tenant | % | Expires | | Marsha Gonzales, XX-PAC | 13.03 | 06/30/10 | | Breaking Bad Productions | 12.70 | 02/01/08 | | Azin Mehrnoosh, Hi-Def | 12.70 | 04/30/08 |
|
| 10/07/09: The loan was structured with an earnout of $100,000. The DSCR of 0.97x is based on the 06/30/09 income statement is below the underwritten 1.31x that was reported on the Annex A due to i) expenses that are greater than underwritten and ii) the UW 1.31x DSCR was calculated by reducing the outstanding loan amount by $100,000 securing the mortgage loan. If the $100,000 holdback were to be reduced from the outstanding loan amount, the 12/31/2008 operating statement produces a 1.12x DSCR. Borrower has leased up the property to 100% with annual base rents of $173,424 or 27% higher than the UW.
|