| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 3 |
Sotheby's Building |
OF |
$110,000,000 (whole: 235,000,000) |
190,094 |
72.1 |
5.482000 % |
| | 1334 York Avenue, New York NY 10021 | | 7.2% | 100% | 1.41x (12 mths) | Bank of America |
|  | | Tenant | % | Expires | | Sotheby's Inc. | 100 | 02/06/23 | | |
|
| 5 |
One Liberty Center |
OF |
$80,000,000 |
316,343 |
56.7 |
5.075000 % |
| | 875 North Randolph Street, Arlington VA 22203 | | 5.2% | 100% | 1.94x (UW) | Bank of America |
|  | | Tenant | % | Expires | | GSA - ONR | 98.26 | 09/01/12 | | Navy Federal Credit Union | 0.74 | 09/01/12 | | Laura's Deli | 0.63 | 09/01/12 |
|
| 15 |
Old Mill Corporate Center III |
OF |
$16,908,036 |
130,171 |
58.5 |
4.990000 % |
| | 6350 South 3000 East, Cottonwood Heights UT 84121 | | 1.1% | 100% | 1.58x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Overstock.com | 52 | 07/17/15 | | Master Control | 19 | 07/17/18 | | Information Technology | 19 | 07/17/19 |
|
| 51 |
Westchase Technology Center |
OF |
$7,981,906 |
82,799 |
71.4 |
5.170000 % |
| | 11300 Richmond Avenue, Houston TX 77082 | | 0.5% | 100% | 1.74x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Melton & Melton LLP | 28 | 10/31/09 | | KB Home Star Loan LP | 18 | 12/31/13 | | VMonitor Inc. | 16 | 12/31/10 |
|
| 4A - Occupancy < 80% U/W Occ. The loan is secured by an 82,800 sf office building located in Houston, Texas built in 1999. The property was inspected on 11/06/08; rated in Good condition. Q1-2009 NCF DSCR is 1.34 with an occupancy of 78%; YE 2008 NCF DSCR was 1.74x with an occupancy of 100%. The decline in occupancy is a result of KB Home Star Loan who occupied 31,371 sf or 37.89% NRA. Per the third lease amendment KB Home Star Loan downsized space occupied to 14,760 sf. The new lease amendment extends the lease to 12/31/2013 at $11 PSF. As of the 03/31/2009 rent roll, there is 18,251 vacant sf (includes 4719 sf that KB Homes will be vacating during Q2-2009). Additionally, it is noted that Melton & Melton occupies 23494 sf or 28.39% NRA with a lease expiring on 10/31/2009. Bank of America will contact the Borrower for leasing updates and an update on the Melton & Melton renewal.
|
| 54 |
Sioux Falls Corporate Centre I & II |
OF |
$7,929,849 |
94,526 |
64.5 |
5.475000 % |
| | 4201 N. Hainje Avenue & 2500-2516 E. 52nd Street; 4301 N. Hainje Avenue & 2501-2521 E. 54th Street, Sioux Falls SD 57104 | | 0.5% | 100% | 1.83x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Cigna Tele Drug | 47 | 12/31/13 | | ameri phamma corp | 40 | 10/31/12 | | wells fargo | 10 | 11/30/12 |
|
| 119 |
1633 Chicago Avenue |
OF |
$2,040,629 |
16,107 |
73.4 |
4.989000 % |
| | 1633 Chicago Avenue, Evanston IL 60201 | | 0.1% | 100% | 1.41x (UW) | Bank of America |
|  | | Tenant | % | Expires | | National City Bank Midwest | 52 | 11/30/19 | | Italian Kitchen Ltd. | 48 | 10/14/09 | |
|
| 4D - A combination of top three tenants with leases expiring in the next 6 months. The loan is secured by a 16,107 sf office property in Evanston, IL built in 1947 and renovated in 2004. The property was inspected on 09/23/08; rated in Good condition. The Q1-2009 NCF DSCR is 1.41 with an occupancy of 100%. The lease rollover applies to Italian Kitchen, Ltd who occupies 7,807 sf or 48.47% NRA with a lease expiring on 10/14/2009. Per the Borrower, Italian Kitchen, LTD renewed its 5 year option earlier this year, therefore, the new lease expiration is 10/14/2014. Rents will increase 3% annually for the next 5 years effective 10/15/2009. Bank of America will continue to monitor the loan.
|
| 78 |
Lincoln Park 10 Building |
OF |
$4,555,517 |
85,022 |
59.2 |
5.325000 % |
| | 15810 Park Ten Place, Houston TX 77084 | | 0.3% | 100% | 1.91x (12 mths) | Bridger |
|  | | Tenant | % | Expires | | ERM SOUTHWEST INC. | 66 | 10/31/12 | | Blue Tip Energy Mgmt | 4 | 10/31/12 | | Qualitech Tech | 3 | 12/31/15 |
|
| Loan transferred to SS November, 2008 due to bankruptcy of Master tenant in TIC structure (DBSI). Fee owners of real estate are not in bankruptcy. All of the DBSI properties managed by ORIX have been extracted from the bankruptcy. All of the TIC owners have identified a new property management company. We are actively negotiating the reinstatement of the loans. Reinstatement terms for Friar\'s Branch have been aprpoved and should close imminently. Lincoln Park business plan is now being drafted.
|
| 108 |
Cromwell Bridge Road Bldg |
OF |
$2,453,714 |
23,771 |
72.2 |
5.470000 % |
| | 1000-1018 Cromwell Bridge Road, Towson MD 21286 | | 0.2% | 100% | 1.46x (12 mths) | Bridger |
|  | | Tenant | % | Expires | | OAK CONTRACTING LLC | 41 | 12/31/18 | | MARYLAND TELEPHONE PRODUCTS CO INC. | 33 | 12/31/20 | | SECOND HOME INC. | 17 | 08/14/09 |
|
| 112 |
South Gravers Office |
OF |
$2,318,925 |
25,045 |
61.0 |
5.404000 % |
| | 450 South Gravers Road, Plymouth Meeting PA 19462 | | 0.2% | 100% | 1.30x (UW) | Bridger |
|  | | Tenant | % | Expires | | JACQUES WHITFORD | 34 | 12/31/08 | | ALPHA BENEFITS GROUP | 15 | 09/30/12 | | American Solutions for Business01 | 11 | 12/31/09 |
|
| 4a -Occ < 80% U/W Occ & 4C - Single tenant with a lease > 30% NRA expiring within the next six months. The loan is secured by a 25,015 sf office property in Plymouth Meeting, PA built in 1975 and renovated in 1987. The property was inspected on 11/10/08 and rated in Good conditon. YTD May 2008 NCF DSCR is 1.40 with an occupancy of 62%. The decline in occupancy is a result of Rusco who occupied 4700 sf or 18.77% NRA vacating when their lease expired on 05/31/2008. As of the May 2008 rent roll, there is a total of 9,404 vacant sf at the property. Asking rates for the Rusco and other vacant spaces are $15 - $20 PSF with no prospects. Additionally, Jacques Whitford Co occupies 8600 sf or 34.33% NRA with a lease that expires on 12/31/2008. Per Borrower, Jacques Whitford Co will extend lease through 12/31/2009. Primary servicer has made several attempts to obtain current financials from the Borrower and a leasing update, but Borrower is unresponsive. Primary servicer will continue their efforts to collect the delinquent financials and obtain a leasing update. Bank of America will continue to monitor the loan.
|
| 117 |
Thedacare Medical Office Building |
OF |
$2,050,205 |
18,300 |
61.8 |
5.235000 % |
| | 640 Deerwood Avenue, Menasha WI 54956 | | 0.1% | 100% | 1.40x (6 mths) | Bridger |
|  | | Tenant | % | Expires | | THEDA CARE | 100 | 12/31/20 | | |
|