| 23 |
Physicians Park |
OF |
$9,344,792 |
197,522 |
61.7 |
5.743300 % |
| | 2400 Patterson Street, Nashville TN 37203 | | 0.3% | 100% | 2.54x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Columbia Physicians Services | 21.74 | 06/30/06 | | Premier Orthopaedics & Sports | 8.71 | 08/31/11 | | Sterling Primary Care | 5.74 | 12/31/08 |
|
| 24 |
Atrium |
OF |
$5,660,241 |
91,456 |
61.7 |
5.743300 % |
| | 250 25th Avenue North, Nashville TN 37203 | | 0.2% | 100% | 2.15x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Sarah Cannon Research | 16.85 | 02/29/12 | | TN Oncology | 14.11 | 11/30/06 | | HCA Atrium Plastic Surgery | 13.85 | 06/30/10 |
|
| 28 |
Washington State Attorney General's Office Bldg |
OF |
$23,181,217 |
148,359 |
77.3 |
5.525000 % |
| | 7171 Cleanwater Ln SW, Tumwater WA 98501 | | 0.9% | 100% | 1.32x (12 mths) | Bridger |
|  | | Tenant | % | Expires | | WA Attorney General's Office | 50.00 | 11/30/16 | | WA Attorney General's Office II | 38.35 | 11/30/16 | |
|
| 33 |
Old Mill Corporate Center I |
OF |
$19,881,874 |
157,318 |
64.8 |
5.181000 % |
| | 6322 South 3000 East, Salt Lake City UT 84121 | | 0.7% | 100% | 1.45x (UW) | Bank of America |
|  | | Tenant | % | Expires | | JetBlue Airways | 41.39 | 07/31/14 | | Navitaire | 24.05 | 03/31/08 | | Master Control | 12.87 | 08/31/17 |
|
| 46 |
Westridge Executive Plaza |
OF |
$14,660,000 |
64,303 |
70.5 |
5.147000 % |
| | 26650 The Old Road, Valencia CA 91381 | | 0.5% | 100% | 1.91x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Realty Executives | 33.62 | 04/30/09 | | Pardee Homes | 27.36 | 04/30/14 | | Hacker Braly | 8.35 | 10/31/09 |
|
| 4D – Top 3 tenants Rollover > 30% NRA. The loan is secured by a 64,288 sf office property in Valencia, CA built in 2004. The property was inspected on 10/08/2008 and rated in good condition. Q1 09 NCF DSCR is 1.97x with occupancy of 90%. YE 2008 NCF DSCR is 1.91x with occupancy of 100%. 3Q 9/30/2008 NCF DSCR is 1.69 with occupancy of 100%. 2Q 6/30/2008 DSCR was 1.70 with occupancy of 100%. YE 2007 DSCR was 1.63 with occupancy of 100%. Rollover pertains to the second largest tenant who occupies two spaces 14,330 sf and 7,290 sf (totaling 33.63% NRA), which will expire 4/30/2009. Bank of America contacted the borrower who stated they are in early discussions with the tenant who has indicated they plan on staying at the property. The borrower is unsure if they will keep the full square footage. Bank of America will continue to monitor the loan.
|
| 48 |
Baptist West Medical Office Building |
OF |
$14,261,107 |
78,834 |
79.2 |
5.462000 % |
| | 10810 Parkside Drive, Knoxville TN 37934 | | 0.5% | 100% | 1.66x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Baptist Health System of East Tennessee | 37.30 | 06/30/32 | | Women's Care Group, PC | 9.01 | 06/30/08 | | Hovis Orthopaedic Clinic | 7.05 | 05/31/09 |
|
| 52 |
Georgia Power Company |
OF |
$12,533,132 |
111,912 |
64.3 |
5.212000 % |
| | 2500 Patrick Henry Road, McDonough GA 30253 | | 0.5% | 100% | 1.82x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Georgia Power | 100.00 | 06/30/15 | | |
|
| 80 |
RDA Building |
OF |
$7,207,545 |
66,264 |
71.4 |
5.480000 % |
| | 800 Maynard Ave., Seattle WA 98134 | | 0.3% | 100% | 1.55x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Seattle Parks | 36.45 | 11/22/09 | | Passage Events | 36.08 | 10/30/08 | | McFarland, Richard & Graf | 6.30 | 01/31/07 |
|
| 4D: Top 3 tenants Rollover > 30% NRA. The loan is secured by a 66,263 sf retail property located in Seattle, WA built in 1927 and renovated in 1998. The property was last inspected in 10/08 and received a rating of Good. The Q1 09 NCF DSCR is 1.50x with occupancy of 71%. The YE 2008 NCF DSCR is 1.55x with occupancy of 100%. The loan is on the WL because Seattle Parks\'' lease (23,083 SF, or 34% total SF) expires 11/09. Bank of America will contact the Borrower to obtain information regarding a lease renewal and will continue to monitor the loan.
|
| 106 |
68 Marginal Way |
OF |
$4,417,907 |
52,221 |
59.7 |
5.305000 % |
| | 68 Marginal Way, Portland ME 04101 | | 0.2% | 100% | 1.42x (12 mths) | Bank of America |
|  | | Tenant | % | Expires | | AAA Northern New England | 71.74 | 08/01/12 | | GPCOG | 11.65 | 08/01/12 | | Portland Foot and Ankle | 8.34 | 08/01/12 |
|
| 109 |
Hampton Technology Center |
OF |
$4,508,674 |
56,727 |
63.5 |
5.415000 % |
| 30 | 903 Gateway Boulevard, Hampton VA 23666 | | 0.2% | 100% | 1.79x (6 mths) | Bridger |
|  | | Tenant | % | Expires | | Mitre Corp | 40.72 | 07/17/10 | | GSA (IRS) | 30.68 | 09/22/12 | | Policy Studies, Inc. | 15.80 | 02/28/09 |
|
| Imminent default due to DBSI filing bankruptcy.
|
| 122 |
Lake Pointe Office Building |
OF |
$3,812,372 |
29,812 |
75.5 |
5.479000 % |
| | 11612 Bee Caves Road, Austin TX 78733 | | 0.1% | 100% | 1.56x (9 mths) | Bridger |
|  | | Tenant | % | Expires | | Texas Builders Insurance Company | 28.09 | 10/31/17 | | Frank Siddons | 19.88 | 10/31/17 | | Lower Colorado River Authority | 18.90 | 06/30/08 |
|
| 155 |
Osprey Point |
OF |
$2,115,416 |
17,433 |
46.8 |
5.475000 % |
| | 400 SW Bluff Drive, Bend OR 97702 | | 0.1% | 100% | 1.71x (6 mths) | Bridger |
|  | | Tenant | % | Expires | | Express Personnel | 50.15 | 11/30/12 | | Umpqua Bank | 29.09 | 05/31/15 | | Coldwell Banker / Garner | 6.17 | 09/30/07 |
|
| 156 |
Windcom Court |
OF |
$2,058,500 |
19,200 |
63.3 |
5.682000 % |
| Past Due | 6101 Windcom Court, Plano TX 75093 | | 0.1% | 100% | 2.12x (12 mths) | Bridger |
|  | | Tenant | % | Expires | | Integ. Pediatric Therapy | 43.27 | 01/31/10 | | Southwest Allergy | 27.71 | 04/14/10 | | Dennis VanPatter | 11.14 | 09/14/07 |
|
| Reinstatement documents were executed on 6/10/09. Loan in rehabilitation period.
|