Banc of America Commercial Mortgage Inc. Series 2005-6 as of 08/2009: MF DSCR 1.10- 1.20
All data provided by Intex
Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC | |
---|---|---|---|---|---|---|---|
Address | Subtype | % Pool | Occ. % | DSCR | Originator | ||
36 | Remington Canyon Apartments | MF | $19,250,000 | 224 | 68.8 | 5.293000 % | |
1000 American Pacific Drive, Henderson NV 89074 | 0.7% | 87% | 1.19x (6 mths) | Barclays | |||
41 | Caruso Northgate Apartments | MF | $16,412,726 | 215 | 78.2 | 5.626000 % | |
237 Lantern Road, Revere MA 02151 | 0.6% | 97% | 1.13x (9 mths) | Bank of America | |||
1E - DSCR < 1.10. The loan is secured by a 215 unit apartment complex located in Revere, MA built in 1970 and renovated in 1993. The property was last inspected in 11/08 and received a rating of Good. The YE 08 NCF DSCR was 1.08x with 98% occupancy. The YE 2007 NCF DSCR was 1.22x with 97% occupancy. Decrease in DSCR is due to a 5% increase in operating expenses, specifically R&M and G&A expenses, which were 55% and 40% up from YE 07, respectively. Bank of America will contact the Borrower regarding increase in operating expenses and will continue to monitor the loan. | |||||||
81 | Oak Tree Village | MF | $7,000,931 | 167 | 68.0 | 5.146000 % | |
1006 South Main Street, Pleasantville NJ 08232 | 0.3% | 95% | 1.18x (12 mths) | Bank of America | |||
1E - DSCR < 1.10, 1F - DSCR < 1.40 and <= 75% U/W DSCR. The loan is secured by a 168 unit multifamily property in Pleasantville, NJ built in 1950. The property was inspected on 7/29/2008 and rated in good condition. YE 2008 NCF DSCR is 1.18x with occupancy of 95%. YE 2006 NCF DSCR is 1.15x with occupancy of 95%. The loan has been placed on pending removal and will be removed purusant to Q1 09 financials. Bank of America will continue to monitor the loan. | |||||||
162 | River Run Apartments | MF | $1,145,360 | 48 | 73.9 | 5.667000 % | |
717 West Broadway, Fulton NY 13069 | 0.0% | 100% | 1.16x (12 mths) | Bridger | |||