| 1F DSCR <1.40 & <= 75% U/W. The loan is secured by a 55,535 sf office building located in Las Vegas, NV built from 1992. The property was last inspected on 9/10/2008 and rated in good condition. Q1 09 NCF DSCR was 1.56 with occupancy of 79%. YE 08 NCF DSCR is 1.17 with occupancy of 81%. 3Q 9/30/08 NCF DSCR is 1.16 with occupancy of 78%. 2Q 6/30/2008 NCF DSCR is 1.15 with occupancy of 77% as of 8/7/2008. 1Q 3/31/2008 NCF DSCR is 1.33 with occupancy of 73%. YE 2007 DSCR was 1.58 with occupancy of 77%. YE 2006 DSCR was 2.04 with occupancy of 92%. U/W occupancy was 100%. During 2007 the property lost 2 tenants, Excel-lent Mortgage 1,729 sf, 3.1% NRA on 6/30/2007 and the Teachers National Retirement 960sf, 1.7% NRA on 1/31/2007, to reduce total occupancy below 80%. The borrower has recently contracted with Commercial Executive Realty, a local leasing company, to help market the space. Commercial Realty is located on the same street as the property and is very familiar with the market. Additionally, they are having bi-weekly leasing meetings, which include property managers from all their properties, where they discuss issues and concerns with the market. The loan is above the WL threshold and will be removed with Q2 09 reporting. Bank of America will contact the borrower for leasing updates and will continue to monitor the loan.
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