1A - Delinquent payments, 1E - DSCR < 1.10, 1F - DSCR < 1.40 and <= 75% U/W DSCR, and 4B - EGI < 80% U/W EGI. The loan is secured by a 65,563 sf Industrial property in Henderson, NV built in 2003. The property was inspected on 03/18/09; rated in Good condition. The YE 2008 NCF DSCR is 1.21 with an occ of 80%. The loan has been placed on the watchlist due to the delinquency of the July and August 2009 payments. Borrower indicated that the delinquency is due to late paying tenants. Borrower anticipates that the July 2009 payment will be sent on 08/07/09. Additionally, the decline in NCF is a result of an EGI decline. Annualized 2009 EGI has declined 15% from YE 2008 due to increased vacancies and rental concessions. As of the March 2009 rent roll, there is 22,332 vacant sf at the property. Bank of America will contact the Borrower for further property performance updates. 1A - Delinquent payments, 1E - DSCR < 1.10, 1F - DSCR < 1.40 and <= 75% U/W DSCR, and 4B - EGI < 80% U/W EGI. The loan is secured by a 65,563 sf Industrial property in Henderson, NV built in 2003. The property was inspected on 03/18/09; rated in Good condition. The YE 2008 NCF DSCR is 1.21 with an occ of 80%. The loan has been placed on the watchlist due to the delinquency of the July and August 2009 payments. Borrower indicated that the delinquency is due to late paying tenants. Borrower anticipates that the July 2009 payment will be sent on 08/07/09. Additionally, the decline in NCF is a result of an EGI decline. Annualized 2009 EGI has declined 15% from YE 2008 due to increased vacancies and rental concessions. As of the March 2009 rent roll, there is 22,332 vacant sf at the property. Bank of America will contact the Borrower for further property performance updates.
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