Banc of America Commercial Mortgage Inc. Series 2005-4 as of 08/2009: OF occupancy 90- 99
All data provided by Intex
Id Name/ Type/ Bal GLA/Units LTV WAC
Address Subtype % Pool Occ. % DSCR Originator
13 Town Center OF $24,000,000 184,999 63.2 5.130000 %
29 South Main Street, West Hartford CT 06107 1.6% 94% 2.47x (6 mths) Bank of America
Tenant % Expires
Blum Shapiro & Company1811/11/11
blum shaprio & company1104/30/17
The Northwestern Mutual Life505/31/14
24 Palm Valley Office Park OF $14,132,061 83,969 74.0 5.245000 %
1616 and 1646 North Litchfield Road, Goodyear AZ 85338 0.9% 92% 1.44x (UW) Bank of America
Tenant % Expires
Americus Logistics LLC903/31/09
W.C. Scoutten Inc.706/30/09
HIlgers Orthodonics611/30/13
26 Valley View Commerce Center OF $14,720,000 208,498 79.6 5.230000 %
14515-14565 Valley View Avenue, Santa Fe Springs CA 90670 1.0% 98% 1.90x (UW) Bank of America
Tenant % Expires
HEALTH UHCP406/30/10
JAY KIM307/31/11
NEPO INC VICTOR CHENG210/31/10
124 1912 N. Broadway OF $1,884,362 18,858 75.4 5.249000 %
1912 North Broadway, Santa Ana CA 92706 0.1% 90% 0.84x (UW) Bank of America
Tenant % Expires
DTI3206/30/20
Grace1507/21/10
Schaprio1002/15/10
1E - DSCR < 1.10 and 1F - DSCR < 1.40 and <= 75% U/W DSCR. The loan is secured by a 18,892 office building in Santa Ana, CA. The property was inspected on 09/24/08; rated in Good condition. Q1-2009 NCF DSCR is .80 with an occ of 90%; YE 2008 NCF DSCR was .84 with an occupancy of 91% The decline in NCF is a result of an EGI decline combined with an increase in operating expenses. Ann 2009 EGI shows a 5% decline from YE 2008, and a 9% decline from prior years and U/W. U/W base rents were projected at $291,180.00 and were based on current leases in place plus rent increases & master lease rent for DTI Investments. DTI Investments occupies 31.70% NRA and is owned by the borrower principals. Ann 2009 base rents are $265,672. Per Borrower, property is 100% occupied as of 05/04/09. Current rate on all occ spaces is $1.21 as per Bwr. Ann 2009 2008 operating expenses show a 7% decline from YE 2008, but a 27% increase from U/W and prior years due to higher than normal repairs/maint, and gen/admin exp. Per Borrwer, RM increased due to exterior repairs that were completed at the property. Bwr stated that they always strive to keep operating expenses to a minimum. 2009 operating expenses will increase only due to inflation. Bank of America will continue to monitor the loan.
34 Highpoint Center OF $11,238,238 80,124 72.5 5.380000 %
106 E. College Avenue, Tallahassee FL 32301 0.7% 92% 1.32x (12 mths) Bridger
Tenant % Expires
AKERMAN SENTERFITT4603/31/10
FOLEY & LARDNER1802/28/11
PROGRESS ENERGY601/31/14
52 Magnolia Centre I & Park Centre OF $7,795,449 79,732 72.2 5.386000 %
1203 Governors Square Boulevard and 124 Marriott Drive, Tallahassee FL 32301 0.5% 98% 1.20x (UW) Bridger
Tenant % Expires
OPEN TEXT COMMUNICATIONS3012/31/09
DEPT. AGRICULTURE1607/31/10
DELOITTE AND TOUCHE USA LLP1101/31/12
4C - Single tenant with lease 30% NRA expiring in the next 6 months.The loan is secured by a 79,124 SF office building in Tallahassee, FL built in 1987 and renovated in 2004. The property was inspected on 10/02/08; rated in Good condition. YE 2008 NCF DSCR is 1.20 with an occupancy of 98%. Lease rollover applies to Open Text Communications who occupies three suites totaling 23,951 sf with leases expiring on 12/31/2009. Bank of America will contact the primary servicer for leasing updates.
122 Quinault Professional Center OF $1,929,114 13,657 70.7 5.257000 %
8121 West Quinault Aveneue / Bldg A & F, Kennewick WA 99336 0.1% 90% 1.38x (12 mths) Bridger
Tenant % Expires
COUNTRY INSURANCE2203/31/13
MERRILL LYNCH CORPORATE SERVIC2001/31/13
COBALT MORTGAGE1612/31/08