| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 3 |
Sotheby's Building |
OF |
$110,000,000 (whole: 235,000,000) |
190,094 |
72.1 |
5.482000 % |
| | 1334 York Avenue, New York NY 10021 | | 7.2% | 100% | 1.41x (12 mths) | Bank of America |
|  | | Tenant | % | Expires | | Sotheby's Inc. | 100 | 02/06/23 | | |
|
| 24 |
Palm Valley Office Park |
OF |
$14,132,061 |
83,969 |
74.0 |
5.245000 % |
| | 1616 and 1646 North Litchfield Road, Goodyear AZ 85338 | | 0.9% | 92% | 1.44x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Americus Logistics LLC | 9 | 03/31/09 | | W.C. Scoutten Inc. | 7 | 06/30/09 | | HIlgers Orthodonics | 6 | 11/30/13 |
|
| 43 |
Pinebrook I & II |
OF |
$9,126,635 |
115,220 |
77.7 |
5.352000 % |
| | 2550 & 2650 Eisenhower Avenue, Norristown PA 19403 | | 0.6% | 71% | 1.44x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Rock Well Automation | 14 | 04/30/10 | | Rhegion Incorporated | 12 | 02/28/14 | | SHARED TECHNOLOGY INC | 10 | 01/31/11 |
|
| 1E - DSCR < 1.10, 1F - DSCR < 1.40 and <= 75% U/W DSCR, 4A - Occ < 80% U/W Occ & 4B - EGI < 80% U/W EGI. The loan is secured by a 115,226 sf office property in Norristown, PA built in 1982. Q1-2009 NCF DSCR is .92 with an occupancy of 71%; YE 2008 NCF DSCR was 1.44 with an occupancy of 71%. The property was inspected on 12/11/08; rated in Good condition. The decline in NCF and occupancy is a result of STI Computer Science vacating when their lease expired on 06/30/2008. Per the March 2009 rent roll, there is 33,236 vacant sf at the property. Proposals are out to Heilind Electronics for 5100 sf, and VTG Security for 1050 sf for a 3-5 year lease. Asking rates are $13.50/NNN which is right at market rate as per Borrower. Beacon Commercial Real Estate handles the marketing and leasing for the space. Monthly emails are distributed to over 450 brokers in Philadelphia market. Bank of America will continue to monitor the loan.
|
| 119 |
1633 Chicago Avenue |
OF |
$2,040,629 |
16,107 |
73.4 |
4.989000 % |
| | 1633 Chicago Avenue, Evanston IL 60201 | | 0.1% | 100% | 1.41x (UW) | Bank of America |
|  | | Tenant | % | Expires | | National City Bank Midwest | 52 | 11/30/19 | | Italian Kitchen Ltd. | 48 | 10/14/09 | |
|
| 4D - A combination of top three tenants with leases expiring in the next 6 months. The loan is secured by a 16,107 sf office property in Evanston, IL built in 1947 and renovated in 2004. The property was inspected on 09/23/08; rated in Good condition. The Q1-2009 NCF DSCR is 1.41 with an occupancy of 100%. The lease rollover applies to Italian Kitchen, Ltd who occupies 7,807 sf or 48.47% NRA with a lease expiring on 10/14/2009. Per the Borrower, Italian Kitchen, LTD renewed its 5 year option earlier this year, therefore, the new lease expiration is 10/14/2014. Rents will increase 3% annually for the next 5 years effective 10/15/2009. Bank of America will continue to monitor the loan.
|
| 108 |
Cromwell Bridge Road Bldg |
OF |
$2,453,714 |
23,771 |
72.2 |
5.470000 % |
| | 1000-1018 Cromwell Bridge Road, Towson MD 21286 | | 0.2% | 100% | 1.46x (12 mths) | Bridger |
|  | | Tenant | % | Expires | | OAK CONTRACTING LLC | 41 | 12/31/18 | | MARYLAND TELEPHONE PRODUCTS CO INC. | 33 | 12/31/20 | | SECOND HOME INC. | 17 | 08/14/09 |
|
| 117 |
Thedacare Medical Office Building |
OF |
$2,050,205 |
18,300 |
61.8 |
5.235000 % |
| | 640 Deerwood Avenue, Menasha WI 54956 | | 0.1% | 100% | 1.40x (6 mths) | Bridger |
|  | | Tenant | % | Expires | | THEDA CARE | 100 | 12/31/20 | | |
|