CD 2007-CD5 Mortgage Trust as of 08/0: suspect tenants
All data provided by Intex
Id Name/ Type/ Bal GLA/Units LTV WAC
Address Subtype % Pool Occ. % DSCR Originator
77 Lodi City Center RT $5,730,000 49,571 40.9 6.680000 %
109 North School Street, Lodi CA 95240 0.3% 97% 2.28x (12 mths) Citigroup Global Markets
Tenant % Expires
LODI STADIUM8307/31/26
TERIYAKI TIME306/30/13
STARBUCKS CORPORATION305/31/14
86 Wharton Mall RT $5,089,107 45,208 72.7 5.950000 %
350 North Main Street, Wharton NJ 07885 0.2% 100% 1.05x (12 mths) Citigroup Global Markets
Tenant % Expires
RITE AID CORPORATION2912/12/11
WHARTON FARMS2704/30/23
MING COURT BUFFET1509/30/12
1E - DSCR Below Threshold. This loan is secured by a 45,207 sf retail center built in 1973 and renovated in 2000. The DSCR and occupancy for the year ended 12/31/08 and 12/31/07 were 1.05x and 100% and 1.14x and 100%, respectively. On 06/30/09 the borrower stated occupancy is 100%. The borrower also stated that the DSCR decrease is due to a new tenant moving in early in 2008 and not paying rent. They are now paying and the DSCR will improve. The property is marketed in house. The property was last inspected on 01/23/09 and received a rating of good. Capmark will continue to monitor the loan.
115 Borders Books & Music - Bowie RT $3,810,875 25,124 65.1 6.290000 %
4420 Mitchellville Road, Bowie MD 20716 0.2% 100% 1.21x (12 mths) Suntrust
Tenant % Expires
Borders, Inc.100.0001/31/19
120 Starbucks Center South RT $3,526,019 12,697 62.1 5.970000 %
18012 West Valley Highway and 18016 71st Avenue South, Kent WA 98032 0.2% 100% 1.15x (UW) Artesia
Tenant % Expires
America Mattress23.6312/16/14
Starbucks14.1810/01/17
Hawaiian BBQ11.8309/30/17
141 Shoppes of Crabapple RT $2,638,500 8,362 68.5 6.740000 %
12330 Crabapple Road, Roswell GA 30075 0.1% 86% 1.29x (6 mths) Artesia
Tenant % Expires
Starbucks Corporation25.1102/28/17
FedEx Kinko's19.7310/31/11
Stefan Boros (Master Lease)19.1309/30/10
08/11/09: Q2 2009 financial reports have been received and are being reviewed by servicer.
144 Office Depot - El Dorado, AR RT $2,333,101 25,046 66.6 6.350000 %
1601 North West Avenue, El Dorado AR 71730 0.1% 100% 1.31x (9 mths) Artesia
Tenant % Expires
Office Depot100.0004/30/15
146 Office Depot - Palestine, TX RT $2,304,210 25,018 64.0 6.350000 %
2117 South Loop 256, Palestine TX 75801 0.1% 100% 1.09x (9 mths) Artesia
Tenant % Expires
Office Depot100.0001/31/16
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-PAC13.0306/30/10
Breaking Bad Productions12.7002/01/08
Azin Mehrnoosh, Hi-Def12.7004/30/08
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.
160 Stamey Plaza RT $1,172,471 4,849 53.3 6.091000 %
2702-2706 North Prospect Avenue, Champaign IL 61822 0.1% 100% 1.36x (9 mths) Citigroup Global Markets
Tenant % Expires
STARBUCKS CORPORATION4006/30/16
IPCS WIRELESS INC3908/31/11
H & R BLOCK2204/30/11