Banc of America Commercial Mortgage Trust 2007-4 as of 09/2009: OF DSCR 1.40- 1.50
All data provided by Intex
Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| Address | Subtype | % Pool | Occ. % | DSCR | Originator |
10 |
Scottsdale Spectrum |
OF |
$64,403,445 |
256,669 |
74.1 |
5.608500 % |
| 6710, 6720 & 6730 North Scottsdale Road, Scottsdale AZ 85253 | | 2.9% | 86% | 1.42x (UW) | Bank of America |
| | | Tenant | % | Expires | | Merrill Lynch Pierce Fenner | 11 | 05/31/12 | | Standard Pacific of Arizona | 10 | 12/31/11 | | Salomon Smith Barney | 9 | 01/31/12 |
|
16 |
Crossroads Business Park Portfolio (Rollup) |
OF |
$30,800,000 |
197,397 |
65.3 |
6.133000 % |
| 8151 Peters Road, Plantation FL 33324 |
| 8100 Southwest 10th Street, Plantation FL 33324 | | 1.4% | 96% | 1.48x (UW) | Bank of America |
| | | Tenant | % | Expires | | National Beverage Corportaion | 26 | 06/30/10 | | Omnipoint holdings | 23 | 11/30/10 | | Black & Decker U.S. Inc. | 20 | 05/31/12 |
|
4D – Top 3 tenants Rollover > 30% NRA. The loan is secured by two office buildings totaling 197,403 sf located in Plantation, FL built in 2000. The properties were inspected 7/11/2008 and rated in good condition. Consolidated 1Q 3/31/2009 NCF DSCR is 1.51 with occupancy of 94%. YE 2008 DSCR was 1.48. Rollover pertains to the top three tenants at the property whose leases expire within the next six months. Precision Response Corp. occupies 45,331 sf (45.64% NRA) with a lease expiration of 3/31/2010; Career Education Corp. occupies 27,430 sf (27.61% NRA) with a lease expiration of 10/31/2009 and Andrx Management Corp., occupies 12,785 sf (12.87% NRA) with a lease expiration of 3/31/2010. Combined these tenants account for 86.12% of the NRA. Bank of America will contact the borrower to obtain an update on the tenants\' intentions and will continue to monitor the loan.
|
93 |
Currell Centre |
OF |
$5,250,000 |
43,673 |
66.0 |
5.702000 % |
| 7616 Currell Boulevard, Woodbury MN 55125 | | 0.2% | 81% | 1.42x (UW) | Bridger |
| | | Tenant | % | Expires | | EXECUTIVE SUITES OF WOODBURY INC. | 27 | 12/31/08 | | PRAIRIE ST. JOHN'S LLC | 21 | 12/31/11 | | DERMATOLOGY CONSULTANTS PA | 10 | 04/30/11 |
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08/04/09: The subject property is a 43,674 SF two-story suburban office building built in 1998 and situated on a 4.59-acre site in Woodbury, Washington County, Minnesota. 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.
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