| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 5 |
130 Prince Street |
MX |
$70,000,000 |
77,377 |
62.5 |
6.255300 % |
| | 130 Prince Street, New York NY 10012 | | 3.4% | 100% | 1.21x (6 mths) | Citigroup Global Markets |
|  | | Tenant | % | Expires | | ARAMIS | 84 | 10/31/18 | | SWISS ARMY RETAIL INC. | 4 | 06/30/11 | | STUART MOORE LTD. | 3 | 06/30/09 |
|
| 1E - DSCR Below Threshold. This loan is secured by a 77,378 sf mixed-use complex built in 1925 and renovated in 1989. The DSCR and occupancy for the six months ended 06/30/09 and 06/30/08 and year ended 12/31/08 were 1.22x and 100%, 1.03x and 100% and 0.98x and 100%, respectively. On 06/30/09 the borrower stated that occupancy is 100%. The borrower also stated that the decrease in DSCR is due to legal fees to draft and complete the lease for the new tenant moving into the space occupied by Stuart Moore who is vacating 06/30/09. The new tenant lease begins 07/01/09 to 06/30/2024. (M.A.C Estee Lauder) also known as Aramis has leased the vacant spaces occupying 66,588 sf (86% GLA) and extended their lease to 10/31/2018. The borrower confirmed with a rent roll dated 03/31/09. The property was last inspected on 03/23/09 and received a rating of good. Capmark will remove this loan from the September 2009 watchlist.
|
| 117 |
796 Lexington Avenue |
MX |
$3,779,048 |
5,109 |
64.1 |
6.909000 % |
| | 796 Lexington Avenue, New York NY 10065 | | 0.2% | 100% | 1.10x (UW) | Citigroup Global Markets |
|  | | Tenant | % | Expires | | Embassy Liquors | 23.51 | 07/31/22 | | Gotham City Comics, Inc. | 19.12 | 05/31/09 | | Benancio Garcia | 19.12 | 08/14/08 |
|
| 128 |
126 Chestnut Street |
MX |
$3,300,000 |
14,905 |
71.3 |
6.550000 % |
| | 126 Chestnut Street, Philadelphia PA 19106 | | 0.2% | 100% | 0.00x (UW) | GACC |
|  | | Tenant | % | Expires | | The Mad River Grill | 44.28 | 07/12/09 | | |
|
| 159 |
Richmond Street Studios |
MX |
$1,174,968 |
8,042 |
67.1 |
6.530000 % |
| | 117 Richmond Drive Southeast, Albuquerque NM 87106 | | 0.1% | 100% | 0.92x (9 mths) | Artesia |
|  | | Tenant | % | Expires | | Marsha Gonzales, XX-PAC | 13.03 | 06/30/10 | | Breaking Bad Productions | 12.70 | 02/01/08 | | Azin Mehrnoosh, Hi-Def | 12.70 | 04/30/08 |
|
| 07/07/09: The loan was structured with an earnout of $100,000. The DSCR of 0.96x is based on the 12/31/2008 income statement is below the underwritten 1.31x that was reported on the Annex A due to i) expenses that are greater than underwritten and ii) the UW 1.31x DSCR was calculated by reducing the outstanding loan amount by $100,000 securing the mortgage loan. If the $100,000 holdback were to be reduced from the outstanding loan amount, the 12/31/2008 operating statement produces a 1.12x DSCR. Borrower has leased up the property to 100% with annual base rents of $173,424 or 27% higher than the UW. 1st qtr financials have been received and are currently under review.
|