CD 2007-CD5 Mortgage Trust as of 10/2009: MF DSCR 0.30- 0.40
All data provided by Intex
Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC | |
---|---|---|---|---|---|---|---|
Address | Subtype | % Pool | Occ. % | DSCR | Originator | ||
47 | 509 212th Street | MF | $3,500,000 | 51 | 69.4 | 6.570000 % | |
60 | 509 212th Street, New York NY 10034 | 0.2% | 94% | 0.37x (UW) | GACC | ||
4C - Major Tenant Expiring | 4D - Top 3 Tenants Expiring. This loan is secured by a 18,387 sf retail center built in 1994. The DSCR and occupancy for the three months ended 03/31/09 and the year ended 12/31/08 were 2.22x and 100% and 1.75x and 100%, respectively. On 09/15/09 the borrower stated that the rent roll dated 03/31/09 indicates major tenant "Petco Animal Supplies" occupying 6,600 sf (36% GLA) has a lease expiring 11/30/09 has renewed and executed a new lease to 11/30/2014; second tenant "Famous Footwear" occupying 5,000 sf (27% GLA) has a lease expiring 10/31/09 is negotiatiing for a 5 year term to 10/31/2014; third tenant "Signature Cleaners" occupying 1,440 sf (8% GLA) has a lease expiring 11/30/09 and and has renewed to 11/30/2014 and the fourth tenant "General Nutrition" occupying 1,240 sf (7% GLA) has a lease expiring 11/30/09 is renewing and signed the new lease until 11/30/2014. The borrower will provide a rent roll when all the leases are signed. The property was last inspected on 08/22/08 and received a rating of good. Capmark will continue to monitor the loan. |