Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| Address | Subtype | % Pool | Occ. % | DSCR | Originator |
188 |
1253-1257 Los Angeles Street |
RT |
$5,100,000 |
39,376 |
72.9 |
6.079000 % |
60 | 1251 - 1257 South Los Angeles Street, Los Angeles CA 90015 | | 0.1% | 58% | 0.58x (9 mths) | Merrill Lynch |
| | | Tenant | % | Expires | | Tabi, Inc | 21.05 | | | Julio Pacheco | 9.65 | 03/31/08 | | Jung H. Park | 8.89 | |
|
This loan was transferred to SS on 7/9/09 for imminent default due to cash flow problems as a result of low occupancy.A reduction in occupancy led to lower EGI in 1Q 2009. EGI dropped to 42% of UW. DSCR compressed to 0.28 from the 2008 level of 0.6. Borrower is having a difficult time leasing up the vacant spaces. They\'re doing the best they can but the market in the are
|
199 |
Chapel Ridge - Retail |
RT |
$4,132,944 |
46,610 |
55.8 |
6.373000 % |
| 10280 Maysville Road, Fort Wayne IN 46835 | | 0.1% | 76% | 0.57x (UW) | Merrill Lynch |
| | | Tenant | % | Expires | | Petland | 12.87 | 05/01/15 | | Dollar Haven | 12.87 | 08/01/15 | | Buffalo Wild Wings | 12.34 | 06/01/19 |
|
Annualized 2Q 09 EGI dropped to 59% of UW due to decrease in occupancy to 68%. DSCR dropped to 0.42 or 29% of the UW level. Previous notes: Borrower stated that income is lower due to a decrease in occupancy in 2008. Borrower only has 4 vacant units remai
|
237 |
Woodbury Courts |
RT |
$2,566,299 |
30,046 |
61.1 |
6.370000 % |
| 124-128 South River Road, Bedford NH 03110 | | 0.1% | 84% | 0.57x (6 mths) | Countrywide Commercial |
| | | Tenant | % | Expires | | Rare Essentials | 16.30 | 08/14/07 | | Chen Yang Li | 13.40 | 05/31/12 | | The Framers Market of 124 S. River Road | 7.23 | 07/31/07 |
|