Banc of America Commercial Mortgage Trust 2007-3 as of 09/2009: RT DSCR 0.80- 0.90
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Id Name/ Type/ Bal GLA/Units LTV WAC
Address Subtype % Pool Occ. % DSCR Originator
38 Garin Ranch RT $16,750,000 55,827 83.8 5.910000 %
90+ 8610, 8630, 8640, 8650, and 8660 Brentwood Boulevard, Brentwood CA 94513 0.5% 55% 0.84x (9 mths) Eurohypo AG
Tenant % Expires
CSK AUTO INC1205/31/14
COUNTRYWIDE HOME LOAN604/30/09
SPA PRIMA512/31/09
09/01/09: Loan was transferred to Special Servicing on May 13, 2009 due to an imminent default. The property is 55,827/sf retail center located in Brentwood, CA. The Borrower is requesting a loan modification in order to stabilize the property. The Special Servicer inspected the property on June 22, 2009 and found the property to be in good condition. The Borrower is paying all the property expenses which are currently taking up all of the income and limited debt service payments are being made into an already established hard-lock box for rents. The Special Servicer is working on a dual track with a loan modification with the Borrower and interviewing possible receivers for the property.
101 Old Peachtree Commons RT $6,684,000 25,199 76.8 5.848000 %
90+ 1611 Satellite Boulevard, Duluth GA 30097 0.2% 65% 0.86x (9 mths) Bank of America
Tenant % Expires
Mercy Animal Hospital1502/28/15
Essential Escape Day Spa LLC1406/14/17
Five Guys Famous Burgers1004/15/15
09/01/09: The loan was transferred to the Special Servicer due to delinquency. The Borrower is making partial payments based on the current cash flow. The borrower has indicated that the cash flow at the property does not support the debt service payments. The property is a 25,200/sf retail center located in Duluth, Georgia. The center was built in 2006 sits on 3.06 acres. The borrower is requesting a modification or forbearance in order to stabilize the property. The Special Servicer inspected the property and found the subject to be in good condition with no deferred maintenance noted. The subject is in a good location with high retail traffic and is surrounded by other competing retail locations. The Special Servicer has approved the loan modification that included a hard lock box for rents, and the Master Servicer is setting up the account for implementation