Banc of America Commercial Mortgage Trust 2007-2 as of 09/2009: MF DSCR 1.30- 1.40
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Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC | |
---|---|---|---|---|---|---|---|
Address | Subtype | % Pool | Occ. % | DSCR | Originator | ||
30 | Century Village Apts-07 | MF | $21,000,000 | 258 | 77.2 | 5.802000 % | |
FC | 4801 Spencer Street, Las Vegas NV 89119 | 0.7% | 94% | 1.39x (12 mths) | Bridger | ||
08/31/09 The subject is a 258 apartment complex located in Las Vegas, Nevada. The loan was transferered to SS on 6/10/08 due to non-payment resulting from deteriorating marklet conditions. The property was 94% occupied as of 6/22/09. A foreclosre action is in process and a receiver is in place. The receiver has listed the property for sale with Hendricks and Partners. The receiver has yet to receive an offer it deems acceptable. The foreclosure sale is now schedueld for 11/16/09. | |||||||
50 | Cliff Park Apartments | MF | $10,924,070 | 360 | 78.0 | 5.888000 % | |
FC | 120 & 220 East Overton Road, Dallas TX 75216 | 0.3% | 90% | 1.33x (6 mths) | Bridger | ||
08/31/09 Loan was transferred on 11/24/08 for imminent default, borrower is unable to make his monthly payments due to cash flow problems. The property is a 360 unit multi-family property located in Dallas, TX. A foreclosure sale was set for April 2009, but the borrower filed a petition for TRO, which was partially granted, but stayed the foreclosure sale. The borrower is required to remit net cashflow to the Court registry. The Lender and borrower have agreed to a settlement and modification of the loan. The loan modification is being documented. | |||||||
57 | Prince Acaciawood Apartments | MF | $10,042,072 | 123 | 62.0 | 5.600000 % | |
1415 W. Ball Road, Anaheim CA 92802 | 0.3% | 98% | 1.39x (UW) | Bank of America | |||
82 | DTI- Parkway Circle Apartments | MF | $6,610,213 | 184 | 77.3 | 5.605000 % | |
401 Southwest Parkway, College Station TX 77840 | 0.2% | 100% | 1.36x (9 mths) | Bank of America | |||
111 | Albany Apartments | MF | $4,600,000 | 130 | 71.9 | 5.757000 % | |
600 Warren Street, 317 New Scotland Avenue & 37 Avenue A, Albany NY 12208 | 0.1% | 94% | 1.34x (12 mths) | Bridger | |||
148 | DTI- San Gabriel Square Apartments | MF | $3,004,927 | 112 | 68.3 | 5.649000 % | |
2212 San Gabriel Street, Austin TX 78705 | 0.1% | 96% | 1.35x (9 mths) | Bank of America | |||