Banc of America Commercial Mortgage Trust 2007-3 as of 09/2009: RT DSCR 1.10- 1.20
All data provided by Intex
Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| Address | Subtype | % Pool | Occ. % | DSCR | Originator |
14 |
Cascade Village Phase I |
RT |
$50,000,000 |
371,636 |
68.4 |
5.710000 % |
| 63455 North Highway 97, Bend OR 97701 | | 1.4% | 95% | 1.15x (UW) | Bank of America |
| | | Tenant | % | Expires | | JC Penney | 14 | 11/30/13 | | Bend food 4 less | 10 | 05/31/10 | | Joe's | 9 | 01/31/18 |
|
1E - DSCR < 1.10; 1F - DSCR < 1.40 & < or = 75% U/W. This Interest Only Loan originated on 5/31/2007 and is secured by a 371,649 sf retail shopping center in Bend, OR, built in 1978. The property was last inspected on 1/30/09 with a Good rating. The 1Q09 NCF DSCR is 0.94x with occupancy of 96.07%. The YE 2008 NCF DSCR was 1.15x wiht occupancy of 94.94%. The Loan was U/W at 1.29x with 83% Occ. Although revenue has increased since YE 2008 and occupancy has increased overall annualized expenses have also increased by 45% since YE 08. The largest areas of expense increases have been Utilities, Repair and Maintenance, Advertising and G&A. The borrower has been contacted regarding these expenses to find out if any of them are non-recurring, awaiting a response. Bank of America will continue to monitor the loan.
|
24 |
Yuba City Marketplace |
RT |
$27,000,000 |
142,804 |
73.0 |
5.895000 % |
| 1060-1140 Harter Road, Yuba City CA 95993 | | 0.8% | 100% | 1.19x (12 mths) | Bridger |
| | | Tenant | % | Expires | | MARSHALL'S -157 | 21 | 03/31/16 | | BED BATH & BEYOND -1054 | 16 | 01/31/17 | | MICHAEL'S -6706 | 15 | 03/15/16 |
|
6A - Other. The loan is secured by a 142,808 NRSF retail property in Yuba City, CA. The property was built in 2006. The property was last inspected 11/12/08 with an Excellent rating. The YE 2008 NCF DSCR is 1.19 with occupancy of 100%. The 3Q2008 NCF DSCR was 1.25 with occupancy of 100%. The property currently has an Office Depot as a tenant that occupies 13% of the GRA. Office Depot has announced that they are planning on closing 112 stores. The subject property has not been specifically named as one of the stores that will be closing but if it does the NCF DSCR would drop to 1.09. Bank of America will continue to monitor the loan.
|
28 |
252 7th Ave |
RT |
$22,000,000 |
80,965 |
79.4 |
5.508000 % |
| 252 7th Avenue, New York NY 10001 | | 0.6% | 100% | 1.19x (9 mths) | Eurohypo AG |
| | | Tenant | % | Expires | | CHELSEA SEVENTH GARAGE CORP | 100 | 12/31/20 | | Chelsea Seventh Garage Corp. | 49.17 | 12/31/10 | |
|