| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 59 |
The Atrium Building |
OF |
$10,357,215 |
83,660 |
76.7 |
5.336000 % |
| | 16700 Valley View Avenue, La Mirada CA 90638 | | 0.4% | 61% | 0.48x (12 mths) | Bank of America |
|  | | Tenant | % | Expires | | Pacific Pioneer Corp | 27.76 | 04/30/08 | | US Genral Service Admin. | 27.49 | 07/17/09 | | Valley View Medical Clinic | 6.26 | 12/31/06 |
|
| 1E - DSCR < 1.10, 1F DSCR <1.40 & <= 75% U/W, 4A - Occupancy < 80% U/W, 4B EGI< U/W EGI & < 1.10. The loan is secured by an 83,675 sf office property in La Mirada, CA built in 1982. The property was inspected on 10/21/2008 and rated in good condition. YE 2008 NCF DSCR was 0.48x with occupancy of 61%. The drop in occupancy is due to Pacific Pioneer Corp and Friendly Franchisees Corp being listed as \''Vacant'' on the RR. 3Q 9/30/2008 NCF DSCR is 0.66x with occupancy of 88%. 2Q 6/30/2008 DSCR was 0.71 with occupancy of 72%. 1Q 2008 DSCR was 0.98 with occupancy of 90%. YE 2007 NCF DSCR is 1.10 with occupancy of 93%. YE 2006 DSCR was 1.20 with 99% occupancy. The DSCR decline is due to a decrease in rental income combined with a slight increase in expenses. The largest tenant (Pacific Pioneer Corp.) which expired 4/30/2008 vacated the premises in 1Q 2008, which caused the decline in rental income. The borrower stated that portions of the space have been released, but they are still actively working to lease more of the vacant space. Per a 3/10 conversation with the Borrower, Friendly Franchisee will not be taking the 8,431 sf of space. Of this vacant space, the Bwr will lease 4,434 to EDP. Bank of America will continue to monitor the loan.
|
| 127 |
The Plaza Office Building A |
OF |
$3,639,355 |
31,663 |
68.0 |
5.427000 % |
| FC | 2310 Paseo Del Prado, Las Vegas NV 89102 | | 0.1% | 66% | -0.12x (9 mths) | Bridger |
|  | | Tenant | % | Expires | | National Properties, LLC | 21.22 | 06/30/08 | | Nevada CompFirst, Inc. (Suite A120) | 16.20 | 05/31/09 | | Perfect Marketing Concepts LLC (Suite A202) | 10.57 | 12/31/05 |
|
| The receiver continues to try to lease up the property, but progress has been slow due to market conditions.
|