ML-CFC Commercial Mortgage Trust 2006-4 as of 08/2009: HT occupancy 60- 69
All data provided by Intex
Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC | |
---|---|---|---|---|---|---|---|
Address | Subtype | % Pool | Occ. % | DSCR | Originator | ||
90 | McKibbon-Residence Inn Charlotte | HT | $14,326,285 | 152 | 65.7 | 6.307000 % | |
6030 J.A. Jones Drive, Charlotte NC 28287 | 0.3% | 65% | 1.02x (6 mths) | Countrywide Commercial | |||
110 | Westlake Village Inn | HT | $11,587,234 | 141 | 33.8 | 5.640000 % | |
31943 Agoura Road, Westlake Village CA 91361 | 0.3% | 60% | 2.38x (UW) | Countrywide Commercial | |||
118 | Sheraton Hotel - Ontario Airport | HT | $10,650,201 | 164 | 67.8 | 6.200000 % | |
429 North Vineyard Avenue, Ontario CA 91764 | 0.2% | 66% | 1.02x (9 mths) | Merrill Lynch | |||
The borrower has not provided 1Q 09 financials and the loan will remain on watchlist till improvements in operations are seen from the financials and rent roll. YE 2008 DSCR .82x with occupancy at 66%. The drop in occupancy is related to the economy of th | |||||||
124 | Hampton Inn - Ellenton, FL | HT | $9,372,012 | 116 | 70.5 | 6.120000 % | |
5810 20th Court East, Ellenton FL 34222 | 0.2% | 68% | 1.39x (9 mths) | Countrywide Commercial | |||
134 | Hampton Inn - Windsor | HT | $8,486,513 | 110 | 71.9 | 6.120000 % | |
2168 Poquonock Avenue, Windsor CT 06095 | 0.2% | 68% | 1.41x (9 mths) | Countrywide Commercial | |||
190 | Hampton Inn - Pell City | HT | $4,223,047 | 75 | 60.3 | 6.050000 % | |
220 Vaughan Lane, Pell City AL 35125 | 0.1% | 66% | 1.27x (UW) | Merrill Lynch | |||
210 | Comfort Inn - Tempe, AZ | HT | $3,685,726 | 72 | 67.0 | 6.600000 % | |
1031 East Apache Boulevard, Tempe AZ 85281 | 0.1% | 62% | 0.98x (9 mths) | Countrywide Commercial | |||
The loan is delinguent; last payment was made on 6/8/09. The occupancy in 2Q 09 dropped to 61%. As a result, DSCR remained low at 0.95. Previous notes: A slow down in business traveling has hurt the revenue for this property. The avergae room rate dropped from $90 in 2007 to $82 in 2008. |