| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 19 |
Pleasant Hill |
RT |
$30,458,783 |
282,130 |
65.9 |
5.447500 % |
| | 2205 - 2275 Pleasant Hill Road, Duluth GA 30096 | | 1.0% | 100% | 1.88x (UW) | Bank of America |
|  | | Tenant | % | Expires | | J.C.Penney Company -2888 | 18 | 08/31/12 | | Toys R Us -8811 | 17 | 01/31/13 | | Jo-Ann Fabrics / FCA of Ohio Inc | 16 | 01/31/11 |
|
| 22 |
Venture Pointe |
RT |
$25,818,322 |
335,433 |
63.0 |
5.447500 % |
| Gasping for air | 3855-3885 Venture Drive, 3925-3950 Venture Drive, 3890 Satellite Boulevard, Atlanta GA 30096 | | 0.8% | 70% | 1.81x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Kohl's | 26 | 01/31/12 | | Hobby Lobby | 16 | | | Babies R | 13 | 01/31/14 |
|
| 4A - Occupancy < 80% U/W Occ. The loan is secured by a 335,420 sf retail property in Duluth, GA built in 1996.The property was inspected on 02/16/09; rated in Good condition. The Q1-2009 NCF DSCR is 1.48 with an occupancy of 70%. The decline in occ is a result of the vacating of tenant, Goody\''s (occupied 35,172 sf or 10.49% NRA with a lease expiration of 05/31/2011) and Hob-Lob, Ltd (occupied 53,000 sf or 15.80% NRA with a lease expiration of 01/31/2011) space is dark. In June 2008, Goody''s filed Chapter 11 bankruptcy protection during their restructure process. Based on the rent rolls provided for Q1-2008 and Q2-2008, Goody''s at the subject property vacated during Q2-2008. Per Borrower, Hob-Lob, Ltd. is still paying rent in accordance with the terms of the lease. As of the 12/31/08 rent roll, there is 48,172 vacant sf at the property plus the 53,000 sf dark Hob-Lob, Ltd. space. Bwr stated that they are in the LOI stage with Micro Center to lease the former are Goody''s space for a 10 year term with 2 five year renewal options at $7.00 PSF net of CAM, RET, & INS, and there is a temporary deal with Reebok to lease the former Hob-Lob, Ltd. space. Bwr further stated that the plan is to negotiate a termination fee with Hob-Lob, LTD. and terminate the lease upon securing a replacement tenant. Asking rates for the former Hob-Lob, Ltd. space are $8.00 PSF, $10.00 PSF for the former Goody''s space, and for the smaller spaces asking rates range from $16 - $22 depending on location. Per Bwr, market rates have softened in the current economic environment. Per Bwr, small shop space rents have a wide range of rents in the market due to center quality, which range from the low to mid teen''s PSF up to approximately $20.00 psf. Anchor space market rents range from approximately $7 to $11 psf. Bank of America will continue to monitor the loan.
|
| 51 |
Parkway Shopping Center |
RT |
$10,750,000 |
134,999 |
76.8 |
5.636000 % |
| | 1471 Lehigh Street, Allentown PA 18103 | | 0.3% | 96% | 1.83x (6 mths) | Bear Stearns |
|  | | Tenant | % | Expires | | Allentowm School | 22 | 06/30/12 | | COMPARE FOODS | 11 | 03/31/22 | | LEHIGH VALLEY PHYS THERAPY | 9 | 06/30/09 |
|
| 104 |
Hilltop Shopping Center |
RT |
$4,973,432 |
124,647 |
78.3 |
6.049500 % |
| | 201-275 Montana Avenue;2610-2616,2625,2629-2665 East 2nd St., 2501,2513,2547,2557,2655,2740 East 3rd, Casper WY 82601 | | 0.2% | 100% | 1.84x (UW) | Bear Stearns |
|  | | Tenant | % | Expires | | Albertson's | 41 | 10/31/20 | | Dream Team | 14 | 07/31/09 | | New Life Inc | 6 | 11/30/10 |
|