| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 65 |
Square One Shopping Center |
RT |
$18,640,000 |
197,729 |
80.0 |
5.907000 % |
| | 3555 NW Federal Highway, Jensen Beach FL 34957 | | 0.4% | 87% | 0.86x (UW) | Merrill Lynch |
|  | | Tenant | % | Expires | | Home Depot | 51.54 | 01/31/25 | | E & B Marine | 4.84 | 12/31/09 | | Rent-A-Center | 3.34 | 10/31/09 |
|
| Annualized 1Q 09 EGI was 70% of UW with a DSCR of 0.82. Occupancy decreased to 86.2%. Previous Comments: YE 2008 DSCR .86x with occupancy at 87%. There are currently 9 vacant spaces but there has been some interest in some of the spaces. The borrower is
|
| 174 |
Corley Portfolio |
RT |
$5,615,561 |
36,852 |
53.8 |
6.200000 % |
| | 6060 Windmill Lane, Las Vegas NV 89139 |
| | 3085 & 3075 Russell Road, Las Vegas NV 89120 | | 0.1% | 69% | 0.89x (6 mths) | Merrill Lynch |
|  | | Tenant | % | Expires | | Platinum Capital Group | 24.50 | 07/31/08 | | Eugene Burger Mgt. Corp of Nev. | 13.23 | 01/31/09 | | Structure Studios | 12.29 | 05/31/07 |
|
| Loan transferred for Imminent default due to cash flow problems. The Borrower has not provided the information we requested which is needed to evaluate the request.
|
| 175 |
Whisper Lakes |
RT |
$5,750,000 |
35,498 |
79.9 |
6.054000 % |
| 90+ | 2100-2180 Whisper Lakes Boulevard, Orlando FL 32837 | | 0.1% | 89% | 0.84x (10 mths) | Countrywide Commercial |
|  | | Tenant | % | Expires | | Pueblo Viejo Billiards | 13.34 | 11/30/10 | | JR Pharmacy | 10.48 | 05/31/11 | | La Potrance | 8.95 | 01/31/16 |
|
| Imminent default due to cash flow problems. Legal counsel has been retained and Lender is moving forward with the foreclosure process as well as pursuing a receiver. Discussions with the Borrower are ongoing.
|
| 191 |
Etowah Crossing Shopping Center |
RT |
$4,416,665 |
43,039 |
73.0 |
6.457000 % |
| | 954 Gilbert Ferry Road, Attalla AL 35954 | | 0.1% | 75% | 0.89x (6 mths) | Merrill Lynch |
|  | | Tenant | % | Expires | | Dollar Tree | 22.30 | 01/31/11 | | Hibbett's | 12.08 | 09/30/15 | | Rent-A-Center | 11.15 | 07/30/10 |
|
| 211 |
Village at Valleydale |
RT |
$3,631,351 |
26,400 |
67.9 |
6.050000 % |
| Gasping for air | 5291 Valleydale Road, Birmingham AL 35242 | | 0.1% | 81% | 0.87x (UW) | Merrill Lynch |
|  | | Tenant | % | Expires | | Recreation Station | 31.82 | 09/14/11 | | Ginza Restaurant | 15.91 | 01/31/11 | | Realty Resources | 9.09 | 11/14/09 |
|
| Annualized 1Q 09 EGi was 76% of UW but DSCR dropped to 0.84 or 61% of UW. Previous comments: Borrower stated that they had a large tenant file bankruptcy on them, but they\'ve moved quickly to split up the bay and re-lease the space. Per the borrower, ever
|
| 266 |
Meridian Meadows Center |
RT |
$1,584,989 |
17,756 |
79.2 |
6.060000 % |
| Gasping for air | 3001-3030 Meridian Meadows Rd, Greenwood IN 46142 | | 0.0% | 72% | 0.82x (6 mths) | PNC |
|  | | Tenant | % | Expires | | Stage One Dance | 32.60 | 01/31/08 | | Red Oak Real Estate | 12.39 | 05/31/08 | | Driving Academy | 11.26 | 10/31/10 |
|
| Loan is being monitored for delinquency. The Borrower has failed to send in their July, 2009 payment. A Notice of Default with Right to Cure Letter has been sent to the borrower. Also, per the Borrower, American Home Mortgage (2,200 SF; 12.39% NRA) filed bankruptcy. They had a subtenant but the subtenant vacated at the end of January 2008, so the space is currently vacant. ANSR Inc. (1,399 SF; 7.44% NRA; $12.00/SF; exp. 9/30/09) has already vacated, but will continue to pay rent through lease expiration. Grooming N Style (960 SF; 5.10% NRA; $15.50/SF; exp. 12/31/09) has filed for bankruptcy and vacated the property. The vacant space, including the former American Home Mortgage unit, are all being avertised through conventional means. They have have had multiple showings of several of the vacancies. Borrower states they recently changed leasing agents, and cold calls are now being made on the property\''s behalf. Loan is being monitored for delinquency. The Borrower has failed to send in their July, 2009 payment. A Notice of Default with Right to Cure Letter has been sent to the borrower. Also, per the Borrower, American Home Mortgage (2,200 SF; 12.39% NRA) filed bankruptcy. They had a subtenant but the subtenant vacated at the end of January 2008, so the space is currently vacant. ANSR Inc. (1,399 SF; 7.44% NRA; $12.00/SF; exp. 9/30/09) has already vacated, but will continue to pay rent through lease expiration. Grooming N Style (960 SF; 5.10% NRA; $15.50/SF; exp. 12/31/09) has filed for bankruptcy and vacated the property. The vacant space, including the former American Home Mortgage unit, are all being avertised through conventional means. They have have had multiple showings of several of the vacancies. Borrower states they recently changed leasing agents, and cold calls are now being made on the property''s behalf.
|