| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 6 |
Georgian Towers |
MF |
$58,000,000 |
890 |
55.1 |
6.140000 % |
| | 8750 Georgia Avenue, Silver Spring MD 20910 | | 2.8% | 92% | 0.57x (UW) | GACC |
|  |
| 06/08/2009: - Per borrower reports, occupancy has increased from 89% on 12.31.07 to current rates and average rates have increased from $1,188.30/unit on 12.31.07 to $1,577.50/unit currently. This A1 Note has a Base Building Improvement Reserve with a balance of $18,986,684.00 and no monthly constant. All reserves are held at another financial institution. Servicer has obtained an inspection report from a third party vendor to gauge progress of renovation. Progress is 56.7% complete. Per borrower reports, occupancy has increased from 89% on 12.31.07 to 92.4% on 12.31.08 and average rates have increased from $1,188.30/unit on 12.31.07 to $1,414.44/unit currently. NCF DSCR has decreased from underwriting due to effective gross income decreasing 34% ($21,560,000-$14,286,000), and increasing 14% ($12,537,000-$14,286,000) from prior year. Effective gross income has decreased from underwriting due to other income decreasing 39% ($1,119,000-$685,000), and 3% ($707,000-$685,000) from prior year. Per borrower, they are currently marketing through the internet and analog media. Concessions are being offered on select units to drive traffic. The current market rates for renovated units are $33.55 psf and $26.79 psf for unrenovated units. To lower expenses they are currently rebidding every contract and reducing downtime during turnover.
|
| 15 |
Copper Beech Townhomes - Statesboro, GA |
MF |
$31,000,000 |
246 |
79.5 |
5.805000 % |
| | 1400 Statesboro Place Circle, Statesboro GA 30458 | | 1.5% | 97% | 0.00x (UW) | Citigroup Global Markets |
|  |
| 16 |
Serrano Highlands |
MF |
$30,000,000 |
240 |
58.8 |
5.752000 % |
| | 25421 Alta Loma, Lake Forest CA 92630 | | 1.4% | 94% | 1.60x (UW) | Citigroup Global Markets |
|  |
| 21 |
The Clubs at Rhodes Ranch |
MF |
$24,000,000 |
270 |
62.8 |
5.822000 % |
| | 8975 West Warm Springs Road, Las Vegas NV 89148 | | 1.2% | 92% | 1.30x (12 mths) | Citigroup Global Markets |
|  |
| 28 |
Mission West Millbrook |
MF |
$19,000,000 |
368 |
74.3 |
6.320000 % |
| | 6200 Riese Drive, Raleigh NC 27613 | | 0.9% | 94% | 1.21x (6 mths) | GACC |
|  |
| 30 |
Mission Mill Creek |
MF |
$18,000,000 |
336 |
80.0 |
5.978000 % |
| | 455 Arbor Place, Antioch TN 37013 | | 0.9% | 91% | 1.33x (6 mths) | GACC |
|  |
| 36 |
673 Brannan Street |
MF |
$15,365,735 |
60 |
48.0 |
6.910000 % |
| | 673 Brannan Street, San Francisco CA 94107 | | 0.7% | 98% | 1.64x (6 mths) | GACC |
|  |
| 46 |
770 & 780 Garden Street |
MF |
$7,185,000 |
111 |
69.4 |
6.550000 % |
| 90+ | 770 & 780 Garden Street, Bronx NY 10460 | | 0.3% | 95% | 0.79x (UW) | GACC |
|  |
| 47 |
509 212th Street |
MF |
$3,500,000 |
51 |
69.4 |
6.570000 % |
| 60 | 509 212th Street, New York NY 10034 | | 0.2% | 94% | 0.37x (UW) | GACC |
|  |
| 4C - Major Tenant Expiring | 4D - Top 3 Tenants Expiring. This loan is secured by a 18,387 sf retail center built in 1994. The DSCR and occupancy for the year ended 12/31/08 were 1.75x and 100%, respectively. The rent roll dated 12/31/08 indicates major tenant "Petco Animal Supplies" occupying 6,600 sf (36% GLA) has a lease expiring 11/30/09; second tenant "Famous Footwear" occupying 5,000 sf (27% GLA) has a lease expiring 10/31/09; third tenant "Signature Cleaners" occupying 1,440 sf (8% GLA) has a lease expiring 11/31/09; and fourth tenant "General Nutrition" occupying 1,240 sf (7% GLA) has a lease expiring 11/30/09. On 06/16/09 the borrower stated that they are in the middle of lease renewal negotiations with all of these tenants. The borrower will contact Capmark as soon as the deals are finalized. The property was last inspected on 08/22/08 and received a rating of good. Capmark will continue to monitor the loan.
|
| 53 |
West Town Apartments |
MF |
$9,000,000 |
192 |
74.2 |
5.743000 % |
| | 734 Mesa Hills Drive, El Paso TX 79912 | | 0.4% | 91% | 1.62x (UW) | Citigroup Global Markets |
|  |
| 74 |
Woodbridge Apartments |
MF |
$6,000,000 |
272 |
55.6 |
5.875000 % |
| | 2700 Martin Drive, Bedford TX 76021 | | 0.3% | 99% | 1.92x (9 mths) | Citigroup Global Markets |
|  |
| 101 |
Broadway Apartments |
MF |
$4,426,941 |
136 |
72.6 |
6.690000 % |
| | 2309 West Broadway, Columbia MO 65203 | | 0.2% | 90% | 1.07x (UW) | Artesia |
|  |
| 08/11/09: Q2 2009 financial reports have been received and are being reviewed by servicer.05/05/09: This loan is secured by a 6-building, 136-unit garden-style apartment property, constructed in 1967, and renovated in 2006. The complex sits on a 4.9-acre site in Columbia, Missouri.FYE 2008 DSCR NCF is 1.07x due largely to lower than underwritten income. For the purpose of calculating the underwritten DSCR ratio of 1.19x the amount available under certain reserves securing Mortgage Loan was deducted from the applicable Loan Amount (as is UW DSCR was 1.15x). The property was underwritten at 93%, occupancy. At FYE 2008, occupancy had fallen to 89.7% and resulted in a 2.9% decline in EGI. Total operating expenses increased by 3.5% over FYE 2007.
|
| 121 |
Bridgeport Apartments |
MF |
$3,600,000 |
138 |
69.2 |
6.310000 % |
| | 330 West Third Street, Bridgeport PA 19405 | | 0.2% | 99% | 1.40x (UW) | GACC |
|  |
| 122 |
Burchwood |
MF |
$3,493,255 |
72 |
74.3 |
5.810000 % |
| <30 | 324 Burchwood Bay Road, Hot Springs AR 71913 | | 0.2% | 93% | 0.00x (UW) | Suntrust |
|  |
| Assumption closed on 6/30/09. Purchase price: $4,232,270. New Borrower: Vulta, LLC. Replacement Sponsor: Richard Vultaggio. Loan was in monetary default and was brought current by old borrower at closing.
|
| 124 |
Spokane Apartments |
MF |
$3,500,000 |
159 |
65.1 |
6.580000 % |
| | 840 West Cora Avenue, Spokane WA 99205 |
| | 3308 East 11th Avenue, Spokane WA 99202 | | 0.2% | 98% | 1.44x (UW) | Artesia |
|  |
| 4C - Major Tenant Expiring | 4D - Top 3 Tenants Expiring. This loan is secured by a 18,387 sf retail center built in 1994. The DSCR and occupancy for the year ended 12/31/08 were 1.75x and 100%, respectively. The rent roll dated 12/31/08 indicates major tenant "Petco Animal Supplies" occupying 6,600 sf (36% GLA) has a lease expiring 11/30/09; second tenant "Famous Footwear" occupying 5,000 sf (27% GLA) has a lease expiring 10/31/09; third tenant "Signature Cleaners" occupying 1,440 sf (8% GLA) has a lease expiring 11/31/09; and fourth tenant "General Nutrition" occupying 1,240 sf (7% GLA) has a lease expiring 11/30/09. On 06/16/09 the borrower stated that they are in the middle of lease renewal negotiations with all of these tenants. The borrower will contact Capmark as soon as the deals are finalized. The property was last inspected on 08/22/08 and received a rating of good. Capmark will continue to monitor the loan.
|