Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| Address | Subtype | % Pool | Occ. % | DSCR | Originator |
12 |
Royale Retail Condominium |
RT |
$33,850,000 |
40,500 |
70.5 |
6.410000 % |
| 1066 Third Avenue, New York NY 10065 | | 1.6% | 100% | 1.18x (6 mths) | GACC |
| | | Tenant | % | Expires | | A&P dba Food Emporium | 44.50 | 03/31/15 | | Custom Parking Corp. | 32.10 | 12/31/12 | | Citibank | 21.63 | 05/31/13 |
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8/4/09: Borrower have completed work on all DM items listed in the inspection report. Subject property is a retail center located in New York, New York. Built in 1986 and last inspected on 11/14/08. At origination, DSCR was 1.10 and currently at 1.11 effective 12/31/08.
|
35 |
Centre at Culpeper |
RT |
$15,765,000 |
72,996 |
79.7 |
6.008400 % |
| 15131 - 15193 Montanus Drive, Culpeper VA 22701 | | 0.8% | 98% | 1.19x (9 mths) | Citigroup Global Markets |
| | | Tenant | % | Expires | | ALDI | 22 | 06/30/17 | | RENT A CENTER | 7 | 09/30/13 | | CARPET ONE | 7 | 03/31/12 |
|
65 |
Twin Lakes Shopping Center |
RT |
$7,427,520 |
31,990 |
79.9 |
6.380000 % |
| 2120 - 2324 SW 336th Street, Federal Way WA 98023 | | 0.4% | 100% | 1.17x (6 mths) | GACC |
| | | Tenant | % | Expires | | Andy's Bar | 13.36 | 07/31/11 | | Kentucky Fried Chicken | 7.19 | 06/30/08 | | Grease Monkey | 5.78 | 12/31/08 |
|
108 |
Allen Town Center |
RT |
$4,196,305 |
41,988 |
77.7 |
6.640000 % |
| 204-206 North Greenville Avenue, Allen TX 75002 | | 0.2% | 83% | 1.16x (6 mths) | Artesia |
| | | Tenant | % | Expires | | Cici's Pizza | 13.10 | 12/22/13 | | A-Town Sports | 10.06 | | | Gregory D. Coronado | 9.81 | 12/31/07 |
|
120 |
Starbucks Center South |
RT |
$3,518,642 |
12,697 |
62.0 |
5.970000 % |
| 18012 West Valley Highway and 18016 71st Avenue South, Kent WA 98032 | | 0.2% | 100% | 1.15x (UW) | Artesia |
| | | Tenant | % | Expires | | America Mattress | 23.63 | 12/16/14 | | Starbucks | 14.18 | 10/01/17 | | Hawaiian BBQ | 11.83 | 09/30/17 |
|
142 |
Ridgeway Plaza |
RT |
$2,466,385 |
19,699 |
77.1 |
6.430000 % |
| 1580 Old Trolley Road, Summerville SC 29485 | | 0.1% | 89% | 1.16x (UW) | Suntrust |
| | | Tenant | % | Expires | | DOG AND DUCK | 28 | 09/30/13 | | LA CARRETTA | 18 | 08/30/09 | | CHILDRENS ORCHARD | 10 | 01/31/10 |
|
154 |
Muskegon Retail |
RT |
$1,615,577 |
12,000 |
59.9 |
6.530000 % |
| 1720 East Sternberg Road, Fruitport Township MI 49444 | | 0.1% | 48% | 1.19x (9 mths) | CW Capital |
| | | Tenant | % | Expires | | ALLCARE DENTAL | 25 | 09/30/17 | | RX OPTICAL | 23 | 08/31/17 | | RX Optical | 23.33 | 08/31/17 |
|
1E - DSCR Below Threshold | 4A - Occupancy Decrease. This loan is secured by a 12,000 sf retail center built in 2006/2007. The DSCR and occupancy for the year ended 12/31/08 were 0.96x and 48%, respectively. On 06/16/09 the borrower stated that occupancy is 65%. The borrower stated the the decrease in DSCR is due to lower occupancy. The 2,000 sf space was leased for 5 years beginning 03/24/09. The new tenant is Metro PCS. The annual rent is $20K increasing each year by $1,000 and in year 5 they pay 17% of the CAM expenses. There is one 5 year option to be negotiated at the time the tenant gives notice to renew 180 days prior to lease expiration. There is one space vacant of 4,200 sf The property is marketed with a broker. On 09/10/09 Capmark called the borrower and is awaiting a response. The property was last inspected on 07/17/09 and received a rating of excellent. Capmark will continue to monitor the loan.
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