4D - A combination of top 3 tenants with leases expiring in the next 6 months. The loan is secured by a 58,599 sf Mixed use property in Wilmington, DE built in 1978. The property was inspected on 08/05/08; rated in Good condition. The Q2-2009 NCF DSCR is 1.69 with an occupancy of 96.48%. Lease rollover applies to Fox & Roach, L.P, Adwell, Inc. and Crossroad\''s Hardware. Fox & Roach, LP occupies 9880 sf or 16.95% NRA with a lease that expires on 12/31/2009, Adwell Inc. occupies 6433 sf or 11.04% NRA with a lease that expires on 12/31/09, and Crossroad''s Hardware occupies 4757 sf or 8.16% NRA with a lease that expired on 01/31/2009. Per Bwr, acccording to the lease, Fox & Roach, LP has a one time extension for 60 days which would start on 01/01/2010. Bwr further noted that a lease renewal notice was sent to Fox & Roach, LP on 7/05/09. Per Bwr, Crossroad''s Hardware renewed for an additional three years; new lease expiration is 01/31/2011. Bank of America will continue to monitor the loan.
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