| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 79 |
Summit Apartments - San Marcos, TX |
MF |
$3,840,000 |
112 |
80.0 |
5.828000 % |
| | 1348 Thorpe Lane, San Marcos TX 78666 | | 0.2% | 94% | 1.64x (6 mths) | Bank of America |
|  |
| 1E- DSCR < 1.10 and 1F - DSCR < 1.40 and <= 75% U/W DSCR. The loan is secured by a 112 unit multifamily property in San Marcos, TX built in 1985. The property was inspected on 03/24/09; rated in Good condition. The loan was placed on the watchlist due to a YE 2008 NCF DSCR of .81 with an occupancy of 99%. The decline in NCF was a result of increased operating expenses. 2008 operating expenses had increased 26% from YE 2007 due to higher than normal Utilities and repairs/maintenance. The Q1-2009 financials have been received and analyzed. Q1-2009 NCF DSCR is 1.65. Loan will be removed from the watchlist with Oct 2009 reporting.
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