Banc of America Commercial Mortgage Inc. Series 2005-6 as of 08/2009: RT DSCR 1.40- 1.50
All data provided by Intex
Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| Address | Subtype | % Pool | Occ. % | DSCR | Originator |
57 |
Island Walk Shopping Center |
RT |
$11,520,000 |
205,567 |
80.0 |
5.248000 % |
| 1421 Sadler Road, Fernandina Beach FL 32034 | | 0.4% | 99% | 1.41x (UW) | Bank of America |
| | | Tenant | % | Expires | | KMart | 42.07 | 04/01/12 | | Publix | 26.76 | 04/01/07 | | Beall's | 16.86 | 04/01/11 |
|
135 |
Expressway Plaza |
RT |
$3,149,921 |
26,218 |
75.9 |
5.384000 % |
| 1200 Lowes Boulevard, Killeen TX 76542 | | 0.1% | 88% | 1.47x (12 mths) | Bridger |
| | | Tenant | % | Expires | | Payless Shoes Source | 13.57 | 06/30/09 | | Tropical Expressions | 12.21 | 11/30/08 | | Rainbow Women's Retail | 12.21 | 07/31/08 |
|
140 |
Crossroads Center - Bend |
RT |
$2,938,768 |
16,650 |
67.6 |
5.109000 % |
| 533, 547 & 561 NE Bellevue Drive, Bend OR 97701 | | 0.1% | 88% | 1.45x (6 mths) | Bridger |
| | | Tenant | % | Expires | | Rebound Physical Therapy | 14.41 | 03/31/06 | | Taco Bell | 12.74 | 11/30/17 | | Las Cazuelas | 11.04 | 06/30/08 |
|
153 |
Village Square Shoppes |
RT |
$2,163,114 |
44,868 |
72.1 |
5.960000 % |
| 3636 North High School Rd, Indianapolis IN 46224 | | 0.1% | 71% | 1.43x (6 mths) | Bridger |
| | | Tenant | % | Expires | | Family Dollar of Indiana - Family Dollar Stores | 19.57 | 12/31/12 | | Faith Apostolic Temple Christian Center, Inc. | 8.69 | 06/30/09 | | Dan Ruiz - Mexican Grocery | 6.69 | 01/31/10 |
|
4A - Occupancy < 80% U/W. The loan is secured by a 44,560 sf retail property located in Indianapolis, IN built in 1969. The property was last inspected on 10/08 and received a Fair rating. YE 08 NCF DSCR was 1.16x wutg 75% occupancy. YE 2007 NCF DSCR is 1.48. YE 2006 DSCR was 1.26 with occupancy of 100%. The property manager attributes the occupancy loss, to the decline in the surrounding neighborhood. A Spanish speaking Leasing Agent has recently signed a co-brokerage agreement to help eliminate the communication barrier when attempting to lease to prospective tenants. The property is being aggressively marketed via cold-calling, advertising on Loopnet.com and CoStar. Concessions are also being offered to entice prospective tenants including free rent. The current asking rates are $7.00 - $10.00/sf NNN. Bank of America will continue to monitor the loan.
|
163 |
North Peoria Retail |
RT |
$947,084 |
14,399 |
46.2 |
6.108000 % |
| 1605 North Peoria Avenue, Tulsa OK 74106 | | 0.0% | 70% | 1.44x (12 mths) | Bridger |
| | | Tenant | % | Expires | | Cato | 28.89 | 01/31/11 | | USAF, Inc. (Image for Men and the Source) | 18.79 | 06/30/10 | | Cartridge World (God Speed Enterprises), LLC | 12.39 | 04/06/09 |
|
4A - Occupancy < 80 U/W. The loan is secured by a 14,400 sf retail property in Tulsa, OK. The property was last inspected in 10/08 and received a rating of good. The YE 08 NCF DSCR is 1.44x with occupancy of 70% (down from 100% in Q3 08). Per the YE 08 RR, Trendsetters (18% NRA) and Sally Beauty (11% NRA) have vacated early. There are no scheduled terminations set for 2009. Bank of America will contact the primary servicer to obtain leasing updates and will continue to monitor the loan.
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