| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 38 |
The Waterford Apartments |
MF |
$17,220,306 |
240 |
74.9 |
5.220000 % |
| FC | 800 Nichols Boulevard, Sparks NV 89434 | | 0.6% | 94% | 1.58x (12 mths) | Bridger |
|  |
| The receiver, through local broker CBRE, continues to try to locate a buyer of the property. The lender would consider an assumption of the debt as part of the sales process.
|
| 63 |
Lake Point Apartments |
MF |
$9,996,597 |
296 |
76.6 |
5.361000 % |
| | 7259 Lake Point Drive, Charlotte NC 28227 | | 0.4% | 90% | 1.55x (UW) | Bank of America |
|  |
| 67 |
University Meadows Apartments |
MF |
$9,632,500 |
184 |
61.1 |
4.920000 % |
| | 4310 Sterling Way, Mt. Pleasant MI 48858 | | 0.4% | 97% | 1.59x (12 mths) | Bank of America |
|  |
| 1E - DSCR < 1.10, 1F - DSCR < 1.40 and <= 75% U/W DSCR. The loan is secured by a 616 unit multifamily property in Mt. Pleasant, MI built in 2000. The property was last inspected in 11/2008 and received a rating of good. The YE 2008 NCF DSCR was 0.96x with occupancy of 82%. The YE 2007 NCF DSCR was 1.59x with occupancy of 97%. The decrease in DSCR is due to a 4% reduction in rent, as well as a 13% increase in operating expenses. Significant increases include management fees, R&M, and G&A. Bank of America will contact the borrower to inquire about the decrease in performance and will continue to monitor the loan.
|
| 139 |
West Haven Apartments |
MF |
$3,036,571 |
69 |
66.7 |
5.590000 % |
| | 840 1st Avenue & 680 3rd Avenue, West Haven CT 06516 | | 0.1% | 83% | 1.50x (9 mths) | Barclays |
|  |
| 152 |
Kinnaman Terrace |
MF |
$2,213,648 |
51 |
61.0 |
5.115000 % |
| | 17851-17899 SW Kinnaman Road, Aloha OR 97007 | | 0.1% | 86% | 1.55x (12 mths) | Bridger |
|  |