Banc of America Commercial Mortgage Inc. Series 2005-5 as of 08/2009: IN occupancy 100- 109
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Id Name/ Type/ Bal GLA/Units LTV WAC
Address Subtype % Pool Occ. % DSCR Originator
37 Elizabeth Arden IN $16,500,000 399,225 73.7 5.363000 %
1751 Blue Hills Drive NE, Roanoke VA 24012 0.9% 100% 1.87x (UW) Bank of America
Tenant % Expires
Elizabeth Arden Inc10009/30/13
75 1011 Royal Lane IN $5,846,629 151,860 78.0 5.369000 %
1011 Royal Lane, Irving TX 75063 0.3% 100% 1.21x (6 mths) Bank of America
Tenant % Expires
Dallas Cowboys Merchandising Ltd.6902/28/10
Direct Logistics Inc.3104/30/15
4C - Single tenant with lease > 30% NRA expiring in the next six months. The loan is secured by a 151,845 sf industrial property in Irving, TX built in 2004. The property was inspected on 09/10/2008; rated in Good condition. The Q2-2009 NCF DSCR is 1.21 with an occ of 100%. The lease rollover applies to Dallas Cowboys Merchandising, Ltd (DCML), who occupies 104,160 sf or 68.60% NRA, with a lease expiring on 02/28/2010. Borrower indicated in late July 2009 that DCML will not be renewing their lease when it expires. As of July 2009, there are no prospects for the space. Asking rates will be $$3.00-$3.25 NNN depending on deal terms & tenant credit. Market rates are $2.50-$3.00 NNN depending on deal terms & tenant credit as per Borrower. Borrower further stated that these rates are subject to modification as transactions in the sub-market & the DFW market continue to evolve. Holt Lunsford will market & advertise the space via Co-Star, marketing brochures, cold calling, and broker tours. Bank of America will continue to monitor the loan.
87 Quail Commerce Center IN $4,093,293 42,545 70.6 5.253000 %
1132, 1136 1140 & 1144 Suncast Lane, El Dorado Hills CA 95762 0.2% 100% 1.61x (UW) Bank of America
Tenant % Expires
RIBEIRO DEVELOPMENT1605/31/26
Pure Athletics1008/30/09
Studio Fit909/30/11