| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 13 |
Manzanita Gate |
MF |
$39,500,000 |
324 |
72.9 |
5.692000 % |
| 30 | 2475 Robb Drive, Reno NV 89523 | | 1.8% | 94% | 1.18x (UW) | Bridger |
|  |
| 8/4/09 - Loan transferred to Special Servicing on 10/1/08 due to monetary default. Borrower has incurred additional debt secured by the property and ownership interests in the borrower. Loan is secured by 324-unit Class A garden apartment complex in Reno, NV. Midland has received BOV and appraisal. Loan remains contractually current. Midland inspected the property on 1/8/09. The property is in good condition with no deferred maintenance. Midland is negotiating settlement agreement with the borrower. Midland will prepare modification case for approval.
|
| 37 |
Chesapeake Landing |
MF |
$13,816,416 |
256 |
78.3 |
5.944000 % |
| | 1551 Causeway Drive, Dayton OH 45258 | | 0.6% | 90% | 1.13x (6 mths) | Bank of America |
|  |
| 45 |
The Villages of Kitty Hawk |
MF |
$11,550,000 |
308 |
53.0 |
5.686000 % |
| | 11801 East Loop 1604 North, Universal City TX 78148 | | 0.5% | 84% | 1.11x (UW) | Bank of America |
|  |
| 1F - DSCR < 1.40 and <= 75% U/W DSCR. The property is secured by a 308 unit multifamily property in Universal City, TX built in 2006. The property was inspected on 09/23/08 and rated in good condition. 1Q 3/31/2009 NCF DSCR is 1.27 with occupancy of 81%. YE 2008 DSCR was 1.12 with occupancy of 84%. The decline in DSCR is attributed to an increase in vacancy resulting in lower EGI. The subject is located in Universal City very near Randolph Air Force Base. Due to an unusual amount of deployments in the middle of 2008 the subject experienced a higher level of vacancies and found it necessary to reduce rents and offer concessions of one months rent to encourage rentals and resident retention. Based on 1Q 2009 financials the DSCR has improved to 1.12, however, the DSCR remains <75% of the U/W DSCR, which was 1.82. Bank of America will continue to monitor the loan.
|
| 56 |
DTI- Huntington Apartments |
MF |
$9,644,596 |
248 |
74.8 |
5.645000 % |
| | 1907 Dartmouth Street, College Station TX 77840 | | 0.4% | 100% | 1.17x (9 mths) | Bank of America |
|  |
| 62 |
Galleria South Apartments |
MF |
$8,727,000 |
194 |
65.6 |
6.280000 % |
| | 10654 North 60th Avenue, Glendale AZ 85304 | | 0.4% | 97% | 1.15x (UW) | Bank of America |
|  |
| 92 |
Sawmill Apartments |
MF |
$5,290,615 |
216 |
70.5 |
5.755000 % |
| | 4200 South Sherman Drive, Indianapolis IN 46237 | | 0.2% | 82% | 1.17x (9 mths) | Bridger |
|  |
| 123 |
University Club Apartments |
MF |
$2,902,263 |
157 |
74.4 |
5.708000 % |
| | 1725 Lake Brazos Drive, Waco TX 76704 | | 0.1% | 76% | 1.18x (12 mths) | Bank of America |
|  |