Banc of America Commercial Mortgage Trust 2007-4 as of 09/2009: RT DSCR 1.40- 1.50
All data provided by Intex
Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| Address | Subtype | % Pool | Occ. % | DSCR | Originator |
9 |
Columbus Park Crossing |
RT |
$65,612,000 |
638,000 |
67.3 |
6.262500 % |
| 5555 Whittlesey Boulevard, Columbus GA 31909 | | 3.0% | 99% | 1.48x (UW) | Bank of America |
| | | Tenant | % | Expires | | Sears Holding Corporation | 22 | 04/30/18 | | Carmike Cinemas Inc. | 13 | 09/30/23 | | Toys R US | 8 | 01/31/13 |
|
32 |
Ladera - Terrace Shops |
RT |
$15,796,502 |
41,300 |
64.5 |
5.439000 % |
| 1101, 1501, 1701 & 1901 Corporate Drive, Ladera Ranch CA 92694 | | 0.7% | 87% | 1.47x (6 mths) | Bank of America |
| | | Tenant | % | Expires | | Umana Academy | 9 | 09/30/12 | | Kinecta Federal Credit Union | 8 | 05/31/12 | | Ladera Ranch Animal Hospital | 7 | 04/30/17 |
|
49 |
One 11 Plaza |
RT |
$10,931,836 |
26,049 |
64.3 |
5.960000 % |
Gasping for air | 71703 & 71743 Highway 111, Rancho Mirage CA 92270 | | 0.5% | 90% | 1.42x (UW) | Bridger |
| | | Tenant | % | Expires | | BING CROSBY'S RESTAURANT | 31 | 12/31/27 | | WACHOVIA SECURITIES LLC | 19 | 05/15/12 | | MERRILL LYNCH | 14 | 06/30/17 |
|
1A - Delinquency. The loan is secured by a 26,050 sf retail property in Rancho Mirage, CA built in 2007. 1Q 3/31/2009 NCF DSCR is 1.32 with occupancy of 90%. YE 2008 DSCR was 1.42 with occupancy of 90%. The subject loan is being monitored for delinquency. Per the primary servicer the borrower has stated they are late due to a tenants rent check that was returned. The borrower is working on getting the funds from the tenant and will be sending in a check to bring the loan current. Bank of America will continue to monitor the loan.
|
59 |
319 - 333 North Central Avenue |
RT |
$9,000,000 |
28,005 |
69.8 |
6.385000 % |
| 319 - 333 North Central Avenue (Route 100), Hartsdale NY 10530 | | 0.4% | 99% | 1.41x (9 mths) | Bank of America |
| | | Tenant | % | Expires | | Michaels Stores Inc. | 64 | 04/30/20 | | E/ees Federal Credit Union | 14 | 04/30/30 | | Omnipoint Communications Inc. | 14 | 09/14/16 |
|
63 |
Ruston Center |
RT |
$8,269,552 |
178,261 |
66.4 |
5.876000 % |
| 205 North Service Road East, Ruston LA 71270 | | 0.4% | 92% | 1.48x (12 mths) | Bridger |
| | | Tenant | % | Expires | | OFFICE DEPOT INC. | 16 | 05/31/14 | | BEEHIVE | 16 | 10/17/11 | | GOODY'S FAMILY CLOTHING STORES | 12 | 10/31/09 |
|
6A - Other. The loan is secured by a 178,277 sf retail center in Ruston, LA built in 1980 and renovated in 2006. The property was inspected 1/22/2008 and rated in good condition. YE 2008 NCF DSCR is 1.48 with occupancy of 92%. Office Depot has announced that it will be closing some of their stores. The plan to close 112 stores will reduce the chain\''s base to 1,163. It plans to close 45 stores in the Central U.S., 40 in the Northeast and Canada, 19 in the West and 8 in the South. Office Depot is the largest tenant occupying 28,827 sf (16.17% NRA) with a lease expiration of 5/31/2010. Per the borrower Office Depot has renewed their lease through 2014 and does not have plans to close the subject store. Additionally, there is a Goody's at the subject which occupies 22,204 sf (12.45% NRA) with a lease expiration of 10/31/2009. Goody's has vacated the premises and has not paid rent since November. Per the borrower there are several interested parties for the Goody's space and there are discussions of dividing the space into two suites. There are currently no LOI's or firm leasing discussions. The Office Depot is still open and per the borrower will not be closing. Pro-forma analysis without Goody''s = 1.45/1.28 DSCR with occupancy at 78%. Bank of America has requested 1Q 2009 financials from the primary servicer and will continue to monitor the loan.
|
66 |
Center Square |
RT |
$8,300,000 |
21,393 |
72.8 |
5.596000 % |
| 13305-13309 NE Highway 99, Vancouver WA 98686 | | 0.4% | 93% | 1.44x (9 mths) | Bank of America |
| | | Tenant | % | Expires | | Burgervillle | 19 | 02/28/26 | | West Coast Bank | 14 | 02/28/17 | | Panda Express Inc. | 9 | 12/31/16 |
|
101 |
Rivers Bend |
RT |
$4,787,357 |
31,495 |
76.0 |
6.054000 % |
| 241 East Hundred Road, Chester VA 23836 | | 0.2% | 100% | 1.44x (UW) | Bridger |
| | | Tenant | % | Expires | | GO ORTHOPEDICS | 22 | 11/30/16 | | WINGS PIZZA & THINGS | 16 | 09/30/11 | | AQUA CLEANERS | 10 | 09/30/09 |
|
103 |
Walgreens - New Albany, IN |
RT |
$4,650,000 |
15,048 |
68.5 |
6.128000 % |
| 2015 State Street, New Albany IN 47150 | | 0.2% | 100% | 1.48x (12 mths) | Bank of America |
| | | Tenant | % | Expires | | Walgreens - New Albany IN | 100 | 12/31/31 | | |
|