| 4D - A combination of top 3 tenants with leases expiring in the next 6 months. The loan is secured by a 8,498 sf rteail property in Mansfield, TX built in 2004. The property was inspected on 09/25/08; rated in Good condition. The YE 2008 NCF DSCR is 2.18 with an occupancy of 100%. The loan is cross collateralized with pros id #100. Lease rollover applies to Planet Beach Tan and Wingstop. Planet Beach Tan occupies 1931 sf or 22.72% NRA with a lease expiring on 12/31/2009, and Wingstop occupies 1491 sf or 17.55% NRA with a lease expiring on 12/31/2009. Borrower indicated that lease renewals with these tenants will be discussed closer to the lease expiration date. The decline in NCF is due to an EGI decline. Annualized 2009 EGI has dropped 27% from YE 2008 due to the non reporting of expense reimbursements. The Q1-2009 rent roll shows expected qtrly expense reimbursements of $16,830.90 or $67,323.60 annually, however, the financial statements provided do not report any expense reimb. Bank of America will contact the Borrower for further updates.
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