| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 20 |
Stonecrest Marketplace |
RT |
$34,515,625 |
264,649 |
68.3 |
5.447500 % |
| | 8000-8180 Mall Parkway, Lithonia GA 30038 | | 1.0% | 87% | 1.03x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Babies 'R Us | 12 | 01/31/18 | | Ross Dress For Less | 11 | 01/31/13 | | Marsall's | 11 | 03/31/12 |
|
| Was on for 1E - DSCR <1.10; 1F - DSCR <1.40 &<or - 75% UW; 4B -EGI <80% of UW &<1.10 DSCR. The loan is secured by a 264,644 SF retail center located in Lithonia, GA that was built in 2002. The property was last inspected on 3/24/08 with a Good Rating. The 1Q09 NCF DSCR is 1.42 with 80% occupancy. The YE 2008 NCF DSCR was 1.03 with occupancy of 87%. The 3Q 2008 NCF DSCR was 0.98 with occupancy of 86.90%. The YE 2007 NCF DSCR was 1.46 with occupancy of 97.20%. The UW NCF DSCR was 1.55 with occupancy of 100%. The borrower was contacted regarding the leasing efforts at the property and responded that the Linens N Things has closed and although Cost Plus has not yet closed it will be closing. The borrower stated on 4/3/09 that they are at lease with A.J. Wright (a subsidiary of TJMAX) for 25,000 SF of the vacated Linen\''s N Things space (32,050 SF). They hope to have the lease ready for execution by the week of 4/6/09 with the tenant moving in by open September 2009. The borrower did state that with the closing of Linens N Things and Cost Plus there is NO co-tenance failure at the property. The borrower has been contacted for an update of the LOI to A.J.Wright awaiting a response. The loan will be removed during the August reporting.
|
| 37 |
Raley's at the Parkway |
RT |
$17,000,000 |
53,889 |
62.0 |
5.839000 % |
| | 25005, 25015, 25035, 25055, 25065, 25075, 25085 & 25095 Blue Ravine Road, Folsom CA 95630 | | 0.5% | 76% | 1.09x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Bank of America | 9 | 05/13/21 | | Wells Fargo | 8 | 12/21/15 | | Mexquite Restaurant | 7 | 02/28/13 |
|
| 46 |
Tracy Pavilion II |
RT |
$13,700,000 |
67,474 |
84.8 |
5.973000 % |
| Gasping for air | 2477 Naglee Road, Tracy CA 95304 | | 0.4% | 67% | 1.00x (UW) | Bank of America |
|  | | Tenant | % | Expires | | PetsMart | 33 | 12/31/18 | | Party America Acquisition Corp | 15 | 09/30/09 | | Massage Envy | 5 | 07/31/12 |
|
| 1E-DSCR <1.10; 1F - DSCR<1.40 & <=75%UW; 4A - Occupancy decline; 4B-EGI <80% UW. Loan is secured by a 67,628 sf shadow-anchored retail property in Tracy, CA, built in 2003. The property was inspected on 6/29/09 with an Excellent rating. The 1Q09 NCF DSCR is 0.59 with occupancy of 54.05%. The 12/31/08 NCF DSCR is 1.00 with occupancy of 67.07%. Occupancy at UW was 98% and with Shoe Pavilion and Fashion Bug vacating occupancy has declined by 30.93%. 3Q 2008 NCF DSCR was 1.10 with occupancy of 100%. 2Q 2008 NCF DSCR was 1.0x with 100% Occupancy. Shoe Pavilion, Inc., which occupied 22,272 sf (32.9% NRA) had a lease expiration of 12/31/2016. However, Shoe Pavilion, Inc. filed for Chapter 11 Bankruptcy protection on 7/15/2008. The borrower was contacted and has stated that Shoe Pavilion at the subject property has closed. He also said that Fashion Bug has vacated. They have continued activity with their leasing efforts including Dollar Tree, Joann\''s Fabrics and an In Shape Fitness. Borrower also stated that they think some of the tenants at the mall nearby might be moving to the subject property. Borrower is willing to put in equity for TIs because it is a good center that has not been over retailed. Bank of America will continue to monitor the loan.
|
| 64 |
6851 Veterans Boulevard |
RT |
$10,000,000 |
92,988 |
72.7 |
5.802000 % |
| | 6851 Veterans Boulevard, Metairie LA 70003 | | 0.3% | 100% | 1.08x (6 mths) | Bank of America |
|  | | Tenant | % | Expires | | Babies 'R Us | 42 | 01/31/14 | | OfficeDepot | 37 | 07/16/14 | | PetsMart | 22 | 01/31/19 |
|
| 1E- DSCR <1.10. The loan is secured by a 92,992 NRSF retail property in Metairie, LA. The property was built in 1969 and last inspected in 4/3/08, receiving a rating of Good. 2Q09 NCF DSCR and 1Q09 NCF DSCR were 1.08 with 100% occupancy. YE 2008 NCF DSCR was 1.39 with occupancy at 100%. 3Q 2008 NCF DSCR was 1.22 with occupancy at 100%. 1Q 2008 NCF DSCR was 1.08 with occupancy of 100%. The DSCR is affected in the first quarter as expense reimbursements are not captured in the first quarter of the year. The DSCR will increase by third quarter 2009. Bank of America will continue to monitor this loan.
|
| 105 |
Bellerive Plaza |
RT |
$6,092,460 |
75,234 |
55.9 |
5.410000 % |
| | 170 Bellerive Boulevard, Nicholasville KY 40356 | | 0.2% | 77% | 1.08x (UW) | Bank of America |
|  | | Tenant | % | Expires | | THE KROGER COMPANY | 61 | 03/31/19 | | Most Valuable Pets Inc. | 6 | 10/31/12 | | Robert Fugate | 2 | 11/30/12 |
|
| 1E-DSCR <1.10; 1F - DSCR < 1.40 & <= to 75% of UW DSCR. The loan is secured by a 75,235 SF Anchored retail center located in Nicholasville, KY that was built in 1999. The property was last inspected on 4/20/08 with a Good rating. The 1Q09 NCF DSCR is 1.05 with occupancy of 77.19%. The YE 2008 NCF DSCR was 1.08 with occupancy of 77.19%. The underwritten NCF DSCR was 1.67 with occupancy at 85.20%. The DSCR has declined 36.99% since YE 2007 due to increase in R&M Expenses (36%), Janitorial (96%), Advertising (126%) and professional fees (105%) and a total expense increase over YE 2007 of 31%. Annualized EGI has increased since UW by 3%. The borrower was contacted regarding their plan to increase occupancy. Their response as of 4/9/09 was \'' Center availability is approximately 20%, though all of the space is in the 1,000 to 3,000 square foot range (excepting one 6,000 sf space), which is highly marketable to the widest niche of tenants (hair, cell phone, spa, franchise food-service, eye/visual, gaming, mattress, UPS or mail store, etc.)Ownership added new life to the leasing effort by signing Sperry Van Ness in April 2008. Tenant interest in the overall market has been slow to moderate, in large part due to the amount of total potential discretionary retail expenditures. Ownership has the full-scale marketing plan in place for this center (mailings, email blasts, “talk-up” at ICSC conventions, cold calling, with works).'' They anticipate an improved leasing environment during the latter part of 2009. Bank of America will continue to monitor this loan
|
| 123 |
West Oaks Square |
RT |
$4,282,500 |
19,929 |
74.5 |
5.926000 % |
| | 9470 West Colonial Drive, Ocoee FL 34761 | | 0.1% | 93% | 1.02x (6 mths) | Bridger |
|  | | Tenant | % | Expires | | Mattress Giant Corporation | 25 | 12/31/09 | | Brian Buny dba | 16 | 11/30/11 | | Sprint Corn Inc. | 15 | 12/31/12 |
|
| 08/04/09: The subject property is a 19,963 SF unanchored strip/neighborhood retail center built in 1999 and situated on a 4.70-acre site in Ocoee, Orange County, Florida. The Sponsor (DBSI, Inc.) and Master Tenant for the property declared bankruptcy in November 2008. The loan is next due for the August 2009 payment. A BOV has been received. A proposal from the TIC investors was provided outlining a plan to replace DBSI as the Master Lessee. The reinstatement case was approved by the Directing Certificateholder on or about June 16, 2009.
|