| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 27 |
Rosecroft Mews |
MF |
$21,331,199 |
304 |
79.0 |
5.194000 % |
| | 2428 Corning Avenue, Fort Washington MD 20744 | | 1.1% | 92% | 1.20x (6 mths) | Bank of America |
|  |
| 1 E - DSCR < 1.10. The loan is secured by a 304 unit multi-family complex in Fort Washington, MD built in 1965 and renovated in 2005. The property was last inspected on 12/03/08 and received a rating of Good. Loan was placed on the watchlist due to a YE 2008 NCF DSCR of .99 with an occupancy of 88%. The decline in NCF was a result of an EGI decline. 2008 EGI had declined 21% from YE 2007 due to an occupancy decline and lower GPR. Historical occupancy has ranged from mid to high 90 percentile until Q4-2008 where it dropped to its current level of high 80 percentile. The Q2-2009 financials have been received and analyzed. Q2-2009 NCF DSCR is 1.20 with an occ of 92.43%. Loan will be removed from the watchlist with Sept 2009 reporting.
|
| 28 |
Seminole Suites Apartments |
MF |
$20,400,000 |
264 |
60.5 |
4.650000 % |
| | 2421 Jackson Bluff Road, Tallahassee FL 32304 | | 1.1% | 97% | 2.95x (9 mths) | Bank of America |
|  |
| 48 |
The Preserve at Palm-Aire |
MF |
$12,000,000 |
299 |
51.3 |
4.740000 % |
| | 3701 West McNab Road, Pompano Beach FL 33069 | | 0.6% | 91% | 2.20x (UW) | Bank of America |
|  |
| 59 |
Bluebonnet Place |
MF |
$8,823,486 |
184 |
75.4 |
5.295000 % |
| | 9989 Burbank Drive, Baton Rouge LA 70810 | | 0.5% | 95% | 1.52x (UW) | Bank of America |
|  |
| 100 |
Madelaine Manor |
MF |
$2,149,311 |
68 |
75.4 |
5.295000 % |
| | 4314 Marshall Road, Berkeley MO 63134 | | 0.1% | 90% | 1.13x (UW) | Bank of America |
|  |
| 11 |
Polo Club Apartments |
MF |
$48,000,000 |
560 |
71.8 |
5.016000 % |
| | 4201 South Decatur Boulevard, Las Vegas NV 89103 | | 2.6% | 96% | 1.42x (6 mths) | Barclays |
|  |
| 20 |
New Hampshire Commons |
MF |
$29,608,152 |
288 |
78.3 |
4.950000 % |
| | 1144 New Hampshire Avenue, Lakewood NJ 08701 | | 1.6% | 91% | 1.60x (6 mths) | Barclays |
|  |
| 29 |
Arboretum Apartments |
MF |
$18,513,643 |
240 |
72.3 |
5.362000 % |
| 90+ | 1100 Emajean Street, Kalamazoo MI 49006 | | 1.0% | 97% | 0.33x (12 mths) | Barclays |
|  |
| 8/3/2009 – Note is due for 6/1/2008 and subsequent payments. Collateral is a 660-bed student housing property located in Kalamazoo, Michigan. Occupancy as of 5/2009 is 94%. The Borrower is a TIC structure with 16 different ownership interests. American Campus Communities was appointed as the receiver on 4/3/08. An appraisal, broker opinion of value and property inspection were obtained by the Special Servicer. Approximately 99% pre-leased for fall. All April 2008 and subsequent rents were collected by the receiver and net income was turned over to the Servicer. Approximately $700K is in the account. The TIC investors hired PASSCO as their replacement advisor. PASSCO and Special Servicer negotiated a modification including an additional capital infusion from the TIC investors that has been approved by the directing certificateholder. Local counsel and PASSCO negotiated a modification agreement based thereon; however, TICs presented unacceptable revised proposal 7.09. Motion to allow receiver to list property for sale in process with counsel.
|
| 88 |
Washington Square West |
MF |
$3,906,349 |
132 |
39.1 |
6.180000 % |
| | 220 South 11th Street, Philadelphia PA 19107 | | 0.2% | 98% | 1.98x (6 mths) | Barclays |
|  |
| 54 |
Fox Fire Apartments |
MF |
$10,287,649 |
403 |
65.5 |
5.490000 % |
| | 4110-4380 Morning Sun Drive & 4315-4331 North Chestnut Street, Colorado Springs CO 80918 | | 0.6% | 90% | 1.32x (6 mths) | Barclays |
|  |
| 32 |
Scarsdale Fairway Apartments |
MF |
$18,050,000 |
168 |
77.5 |
5.283000 % |
| | 300 South Central Avenue, Hartsdale NY 10530 | | 1.0% | 99% | 2.22x (6 mths) | Barclays |
|  |