Banc of America Commercial Mortgage Inc. Series 2005-6 as of 08/2009: OF occupancy 70- 79
All data provided by Intex
Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| Address | Subtype | % Pool | Occ. % | DSCR | Originator |
5 |
Burnett Plaza |
OF |
$112,055,331 |
1,028,030 |
78.4 |
5.016300 % |
| 801 Cherry Street, Fort Worth TX 76102 | | 4.2% | 73% | 1.50x (6 mths) | Bank of America |
| | | Tenant | % | Expires | | AmeriCredit Financial | 23.18 | 05/31/11 | | Burlington Resources | 19.31 | 06/30/13 | | HUD | 9.96 | 09/30/13 |
|
27 |
City Center |
OF |
$23,873,305 |
295,864 |
65.4 |
6.440000 % |
| 888 West Big Beaver Road, Troy MI 48084 | | 0.9% | 78% | 1.02x (6 mths) | Bank of America |
| | | Tenant | % | Expires | | New World Systems | 15.81 | 06/30/11 | | NovaStar Mortgage | 11.75 | 05/31/12 | | Integrated Design | 5.13 | 03/31/10 |
|
1E - DSCR < 1.10. The loan is secured by a 284,990 sq ft office complex located in Troy, MI, built in 1978 and renovated in 2003. The property was inspected on 02/2009 and received a rating of Fair. Q1 09 NCF DSCR was 0.96x with occupancy of 77%. YE 08 NCF DSCR was 1.08x with occupancy of 78%. YE 07 NCF DSCR was 0.96x with occupancy of 77%. Bank of America will contact the Borrower regarding increase in operating expenses and will continue to monitor the loan.
|
47 |
189 Montague Street |
OF |
$13,801,201 |
85,466 |
75.8 |
5.432000 % |
| 189 Montgue Street, Brooklyn NY 11201 | | 0.5% | 78% | 1.01x (UW) | Bank of America |
| | | Tenant | % | Expires | | City of New York | 17.75 | 11/19/10 | | Brooklyn Psychiatric | 14.89 | 07/31/12 | | Premier Home Health | 5.83 | 08/31/10 |
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1E - DSCR < 1.10, 1F DSCR <1.40 & <= 75% U/W. The loan is secured by a 85,466 NRSF office property in Brooklyn, NY. The property was last inspected in 10/08 and received a rating of Good. The Q1 09 NCF DSCR was 0.89x with occupancy of 79%. The YE 08 NCF DSCR was 1.01x with occupancy of 78%, down from 1.17x and 93% in YE 07. The decrease in occupancy is due to the early termination of Brooklyn Psychiatric (10.86% NRA, set to expire in 4/2012). Bank of America will contact the Borrower to obtain information on leasing efforts and will continue to monitor the loan.
|
94 |
River Park Office |
OF |
$5,360,199 |
70,780 |
64.9 |
5.609000 % |
| 1540, 1555, 1565 River Park Drive, Sacramento CA 95815 | | 0.2% | 70% | 0.98x (UW) | Bank of America |
| | | Tenant | % | Expires | | American Attorney Center | 5.64 | 09/30/09 | | Wackenhut | 4.93 | 03/31/10 | | Meissner & Joseph | 4.91 | 05/01/07 |
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1E - DSCR < 1.10, 1F - DSCR < 1.40 and <= 75% U/W DSCR. The loan is secured by a 74,976 sf office property in Sacramento, CA built in 1978. The property was inspected on 09/26/2008 and rated in good condition. Q1 09 NCF DSCR is 1.20x with occupancy of 70%. YE 08 NCF DSCR is 0.98x, with a Q1 09 occupancy of 70%. 3Q 9/30/2008 NCF DSCR is 0.96 with occupancy of 67%. 2Q 6/30/2008 DSCR was 0.87 with occupancy of 67%. YE 2007 DSCR was 1.38 with occupancy of 68%. YE 2006 DSCR was 1.24 with occupancy of 73%. The DSCR decline is attributed to a decrease in EGI. The borrower continues to actively lease the vacant space, but attributes the lower than budgeted revenue to the soft market conditions. The loan is above the WL threshold and will be removed with Q2 09 reporting. Bank of America will contact the borrower for leasing updates and will continue to monitor the loan.
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