Banc of America Commercial Mortgage Inc. Series 2005-6 as of 08/2009: OF occupancy 70- 79
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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 Financial23.1805/31/11
Burlington Resources19.3106/30/13
HUD9.9609/30/13
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 Systems15.8106/30/11
NovaStar Mortgage11.7505/31/12
Integrated Design5.1303/31/10
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 York17.7511/19/10
Brooklyn Psychiatric14.8907/31/12
Premier Home Health5.8308/31/10
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 Center5.6409/30/09
Wackenhut4.9303/31/10
Meissner & Joseph4.9105/01/07
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.