Banc of America Commercial Mortgage Inc. Series 2005-6 as of 08/2009: MF DSCR 1.70- 1.80
All data provided by Intex
Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC | |
---|---|---|---|---|---|---|---|
Address | Subtype | % Pool | Occ. % | DSCR | Originator | ||
21 | 150 East 57th Street Apartments | MF | $26,564,442 | 137 | 37.6 | 5.243000 % | |
150 East 57th Street, New York NY 10022 | 1.0% | 90% | 1.75x (UW) | Bank of America | |||
1F DSCR <1.40 & <= 75% U/W; The loan is secured by a 140 Unit Multifamily property in New York, NY. The property was last inspected in 8/08, receiving a rating of good. The Q1 2009 NCF DSCR was 1.11x with an occupancy of 90%. The YE 2008 NCF DSCR was 1.75 with an occupancy of 90%. The decrease in performance is primarily due to significant increases in Professional Fees and G&A Expenses. Bank of America will contact the borrower regarding these expenses and will continue to monitor the loan. |