| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 38 |
6620 18th Avenue Retail |
RT |
$14,000,000 |
12,872 |
76.1 |
6.370000 % |
| | 6620 18th Avenue, Brooklyn NY 11204 | | 0.7% | 100% | 1.03x (6 mths) | GACC |
|  | | Tenant | % | Expires | | Walgreens | 68.00 | 11/30/47 | | Commerce Bank | 32.00 | 11/30/22 | |
|
| 10/07/09: The 6620 18th Avenue loan is secured by a single-story retail property with 12,872st of ground-floor streetfront retail space and 9,300sf of basement storage space. The subject was constructed in 1931 and was extensively renovated in 2007 for occupancy of Walgreens and Toronto Dominion (TD) Bank f/k/a Commerce Bank. The property is 100% occupied by Walgreens and Commerce. DSCR at 6/30/09 is 1.03X.The borrower established an upfront rent reserve of $305k to cover a 6-month rent abatement at the start of the lease. Fixed rents for Walgreens commenced May of 2008. The borrower also established a rent reserve for TD fo $229,500 to cover a 1-month rent abatement at the start of Years 1-6 of the lease. The underwritten DSCR NCF of 1.03x did not factor in the rent abatements as there were Rent Reserves at closing totaling $534,500 to cover short rent abatement periods (current balance is $231K). 2009 financial reporting is expected to be in-line with underwriting.
|
| 86 |
Wharton Mall |
RT |
$5,077,893 |
45,205 |
72.5 |
5.950000 % |
| | 350 North Main Street, Wharton NJ 07885 | | 0.2% | 100% | 1.05x (12 mths) | Citigroup Global Markets |
|  | | Tenant | % | Expires | | RITE AID CORPORATION | 29 | 12/12/11 | | WHARTON FARMS | 27 | 04/30/23 | | MING COURT BUFFET | 15 | 09/30/12 |
|
| 1E - DSCR Below Threshold. This loan is secured by a 45,207 sf retail center built in 1973 and renovated in 2000. The DSCR and occupancy for the year ended 12/31/08 and 12/31/07 were 1.05x and 100% and 1.14x and 100%, respectively. On 09/10/09 the borrower stated occupancy is 100%. The borrower also stated that the DSCR decrease is due to a new tenant moving in early in 2008 and not paying rent. They are now paying and the DSCR will improve. The property is marketed in house. The property was last inspected on 01/23/09 and received a rating of good. Capmark will continue to monitor the loan.
|
| 130 |
Lost Creek Village |
RT |
$3,200,000 |
17,800 |
70.5 |
6.627000 % |
| | 1546 East Stacy Road, Allen TX 75002 | | 0.2% | 100% | 1.08x (6 mths) | CW Capital |
|  | | Tenant | % | Expires | | PATRICK & O HARE EYES | 14 | 09/30/13 | | DR.DANIEL CHIN DDS | 11 | 04/30/15 | | CARPET AND TILE MASTER | 11 | 01/31/09 |
|