| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 4 |
Summit at Warner Center |
MF |
$120,000,000 |
760 |
57.1 |
4.900000 % |
| | 22219 Summit Vue Lane, Woodland Hills CA 91367 | | 4.5% | 91% | 2.19x (UW) | Bank of America |
|  |
| 15 |
Windsor Apartments |
MF |
$43,000,000 |
388 |
57.9 |
5.333000 % |
| | 911 South Park Road, Hollywood FL 33021 | | 1.6% | 97% | 1.40x (9 mths) | Barclays |
|  |
| 21 |
150 East 57th Street Apartments |
MF |
$26,564,442 |
137 |
37.6 |
5.243000 % |
| | 150 East 57th Street, New York NY 10022 | | 1.0% | 90% | 1.75x (UW) | Bank of America |
|  |
| 1F DSCR <1.40 & <= 75% U/W; The loan is secured by a 140 Unit Multifamily property in New York, NY. The property was last inspected in 8/08, receiving a rating of good. The Q1 2009 NCF DSCR was 1.11x with an occupancy of 90%. The YE 2008 NCF DSCR was 1.75 with an occupancy of 90%. The decrease in performance is primarily due to significant increases in Professional Fees and G&A Expenses. Bank of America will contact the borrower regarding these expenses and will continue to monitor the loan.
|
| 32 |
Ventana Canyon Apartments |
MF |
$21,050,000 |
248 |
68.3 |
5.292000 % |
| | 1250 American Pacific Drive, Henderson NV 89074 | | 0.8% | 94% | 1.46x (6 mths) | Barclays |
|  |
| 35 |
Summit Woods Apartments |
MF |
$18,344,969 |
318 |
74.1 |
5.549000 % |
| 90+ | 1310 SW Overlook Drive, Topeka KS 66615 | | 0.7% | 91% | 0.89x (12 mths) | Bridger |
|  |
| Receiver appointed on 8/3/09. Counsel is finalizing foreclosure complaint.
|
| 37 |
Courtney Oaks Apartments |
MF |
$18,060,973 |
280 |
65.4 |
4.950000 % |
| | 2325 Courtney Oaks Road, Charlotte NC 28217 | | 0.7% | 95% | 1.89x (UW) | Bank of America |
|  |
| 38 |
The Waterford Apartments |
MF |
$17,220,306 |
240 |
74.9 |
5.220000 % |
| FC | 800 Nichols Boulevard, Sparks NV 89434 | | 0.6% | 94% | 1.58x (12 mths) | Bridger |
|  |
| The receiver, through local broker CBRE, continues to try to locate a buyer of the property. The lender would consider an assumption of the debt as part of the sales process.
|
| 39 |
Audubon Park Apartments |
MF |
$17,100,000 |
264 |
78.8 |
5.200000 % |
| | 8160 County Road 64, Daphne AL 36526 | | 0.6% | 94% | 1.99x (6 mths) | Barclays |
|  |
| 40 |
Houghton Place Apartments |
MF |
$16,054,953 |
65 |
67.7 |
5.090000 % |
| | 1008 Massachusetts Avenue, Cambridge MA 02138 | | 0.6% | 95% | 1.08x (9 mths) | Barclays |
|  |
| 1E - DSCR < 1.10. Loan is secured by a 65 unit multifamily property located in Cambridge, MA built in 1999. The property was inspected 10/2008 and rated in Good condition. YE 2008 NCF DSCR is 1.16x with 97% occupancy. 3Q 9/30/208 NCF DSCR is 1.08 with occupancy of 95%. YE 2007 NCF DSCR is 1.05 with occupancy of 92%. YE 2006 DSCR was 1.17 with occupancy of 97%. Per the borrower, this property is attractive to graduate students attending the various graduate programs at Harvard and Massachusetts Institute of Technology (MIT), but is subject to significant annual turnover predominately between May and August. The entire excess proceeds from the refinancing of the property have been dedicated to upgrades and improvements. In 2008, the borrower renovated approximately 50% of the apartment units with many new accessories. This year they hope to do about 25% of the remaining units and the balance the following year. The borrower has also been addressing some building envelope issues with the replacement of patio decking and effis leak repairs. This activity has generated significant expense. This has resulted in high operating expenses and vacancies. The loan is above the WL threshold and will be removed with Q1 09 reporting. Bank of America will continue to monitor the loan.
|
| 41 |
Caruso Northgate Apartments |
MF |
$16,412,726 |
215 |
78.2 |
5.626000 % |
| | 237 Lantern Road, Revere MA 02151 | | 0.6% | 97% | 1.13x (9 mths) | Bank of America |
|  |
| 1E - DSCR < 1.10. The loan is secured by a 215 unit apartment complex located in Revere, MA built in 1970 and renovated in 1993. The property was last inspected in 11/08 and received a rating of Good. The YE 08 NCF DSCR was 1.08x with 98% occupancy. The YE 2007 NCF DSCR was 1.22x with 97% occupancy. Decrease in DSCR is due to a 5% increase in operating expenses, specifically R&M and G&A expenses, which were 55% and 40% up from YE 07, respectively. Bank of America will contact the Borrower regarding increase in operating expenses and will continue to monitor the loan.
|
| 55 |
St. Charles Apartments |
MF |
$12,100,000 |
184 |
68.0 |
5.350000 % |
| | 50 Creekside Drive, Kennesaw GA 30144 | | 0.5% | 92% | 1.29x (6 mths) | Barclays |
|  |
| 56 |
Eaglewood Apartments |
MF |
$11,496,630 |
156 |
50.2 |
5.128000 % |
| | 1975 Maxwell Avenue, Woodland CA 95776 | | 0.4% | 90% | 1.39x (UW) | Bank of America |
|  |
| 63 |
Lake Point Apartments |
MF |
$9,996,597 |
296 |
76.6 |
5.361000 % |
| | 7259 Lake Point Drive, Charlotte NC 28227 | | 0.4% | 90% | 1.55x (UW) | Bank of America |
|  |
| 67 |
University Meadows Apartments |
MF |
$9,632,500 |
184 |
61.1 |
4.920000 % |
| | 4310 Sterling Way, Mt. Pleasant MI 48858 | | 0.4% | 97% | 1.59x (12 mths) | Bank of America |
|  |
| 1E - DSCR < 1.10, 1F - DSCR < 1.40 and <= 75% U/W DSCR. The loan is secured by a 616 unit multifamily property in Mt. Pleasant, MI built in 2000. The property was last inspected in 11/2008 and received a rating of good. The YE 2008 NCF DSCR was 0.96x with occupancy of 82%. The YE 2007 NCF DSCR was 1.59x with occupancy of 97%. The decrease in DSCR is due to a 4% reduction in rent, as well as a 13% increase in operating expenses. Significant increases include management fees, R&M, and G&A. Bank of America will contact the borrower to inquire about the decrease in performance and will continue to monitor the loan.
|
| 81 |
Oak Tree Village |
MF |
$7,000,931 |
167 |
68.0 |
5.146000 % |
| | 1006 South Main Street, Pleasantville NJ 08232 | | 0.3% | 95% | 1.18x (12 mths) | Bank of America |
|  |
| 1E - DSCR < 1.10, 1F - DSCR < 1.40 and <= 75% U/W DSCR. The loan is secured by a 168 unit multifamily property in Pleasantville, NJ built in 1950. The property was inspected on 7/29/2008 and rated in good condition. YE 2008 NCF DSCR is 1.18x with occupancy of 95%. YE 2006 NCF DSCR is 1.15x with occupancy of 95%. The loan has been placed on pending removal and will be removed purusant to Q1 09 financials. Bank of America will continue to monitor the loan.
|
| 85 |
Maryland Park Apartments |
MF |
$6,521,080 |
135 |
72.5 |
5.183000 % |
| Past Due | 1101 Dumont Boulevard, Las Vegas NV 89109 | | 0.2% | 93% | 1.42x (12 mths) | Bridger |
|  |
| The borrower omitted the escrow portion of the debt service payment for July, and claims that there will be payments of interest only going forward. A default letter is being sent.
|
| 90 |
Northgate Villas |
MF |
$6,030,635 |
116 |
72.7 |
5.241000 % |
| FC | 2305 Carville Drive, Reno NV 89512 | | 0.2% | 93% | 1.60x (12 mths) | Bridger |
|  |
| The receiver, through local broker CBRE, continues to try to locate a buyer of the property. The lender would consider an assumption of the debt as part of the sales process.
|
| 104 |
Parkside Commons Apartments |
MF |
$4,917,415 |
108 |
77.9 |
5.369000 % |
| | 8732-8778 North Columbia Boulevard, Portland OR 97203 | | 0.2% | 93% | 1.25x (12 mths) | Bridger |
|  |
| 110 |
Desertbrook Apartments |
MF |
$4,361,809 |
110 |
62.3 |
5.030000 % |
| | 3703 West Kennewick Avenue, Kennewick WA 99336 | | 0.2% | 96% | 1.22x (12 mths) | Bridger |
|  |
| 118 |
Stonebridge Apts. |
MF |
$4,128,272 |
200 |
75.1 |
5.236000 % |
| | 3070 Kelly Circle, Montgomery AL 36116 | | 0.2% | 92% | 1.26x (12 mths) | Bridger |
|  |
| 120 |
Greenbrier Village Condominium Apartments |
MF |
$3,342,200 |
72 |
37.1 |
5.129000 % |
| | 101 - 612 Brier Avenue, Elsmere DE 19805 | | 0.1% | 90% | 1.22x (12 mths) | Bridger |
|  |
| 136 |
Glen Hollow Apartments |
MF |
$3,226,930 |
124 |
76.8 |
5.610000 % |
| | 505 Danville Road, Kilgore TX 75662 | | 0.1% | 98% | 2.05x (12 mths) | Bank of America |
|  |