| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 10 |
River Ranch Apartments |
MF |
$57,000,000 |
465 |
64.8 |
4.970000 % |
| | 18005 West Annes Circle, Canyon Country CA 91387 | | 2.1% | 87% | 1.91x (UW) | Bank of America |
|  |
| 36 |
Remington Canyon Apartments |
MF |
$19,250,000 |
224 |
68.8 |
5.293000 % |
| | 1000 American Pacific Drive, Henderson NV 89074 | | 0.7% | 87% | 1.19x (6 mths) | Barclays |
|  |
| 60 |
Collins Pointe Apartments |
MF |
$10,396,537 |
476 |
66.6 |
5.356000 % |
| | 2601 Furrs Street, Arlington TX 76006 | | 0.4% | 85% | 0.97x (9 mths) | Bank of America |
|  |
| 84 |
Regency Place Apartments |
MF |
$6,628,612 |
137 |
63.1 |
5.439000 % |
| FC | 2800-2840 South Decatur Boulevard, Las Vegas NV 89102 | | 0.2% | 85% | 1.08x (12 mths) | Bridger |
|  |
| The borrower filed Chapter 11 bankruptcy on the eve of the lender\'s show cause hearing seeking the appointment of a receiver. Bankruptcy counsel is reviewing the petition, and formulating strategy.
|
| 92 |
Timberlane Apartments |
MF |
$5,367,279 |
148 |
71.6 |
5.653000 % |
| 90+ | 3985 East Bijou Avenue, Colorado Springs CO 80909 | | 0.2% | 87% | 0.40x (12 mths) | Bridger |
|  |
| Payment default for the 2/1/09 and 3/1/09 payments. Servicing transfer, PNL, and NOD letters to Borrower 3/16/09. Local counsel engaged to exercise Trust\'s rights and remedies.
|
| 115 |
Hickory Valley Apartments |
MF |
$4,400,000 |
200 |
63.3 |
4.923000 % |
| | 1507 Hickory Valley Road, Chattanooga TN 37421 | | 0.2% | 88% | 1.96x (12 mths) | Bank of America |
|  |
| 119 |
Cambridge Apartments |
MF |
$3,907,891 |
178 |
70.4 |
5.923000 % |
| | 2209-2225 Main Street, Bridgeport CT 06606 | | 0.1% | 87% | 0.68x (9 mths) | Bridger |
|  |
| 1E - DSCR < 1.10 and 1F - DSCR < 1.40 and <= 75% U/W DSCR. The loan is secured by a 176 unit multifamily property in Bridgeport, CT built in 1935 and renovated in 2001. The property was inspected on 03/07/08 and received a rating of Good. YE 08 NCF DSCR is 0.58 with 82% occupancy. Q3 08 NCF DSCR is 0.68x with a Q2 08 occupancy of 87%. YE 12/31/2007 NCF DSCR is 0.40x with occupancy of 91%. YE 2006 NCF DSCR was 0.91x with occupancy of 100%. Decline in NCF is attributed to increased operating expenses. The borrower has been experiencing high utility costs. The borrower has hired a new property manager who is working to renovate the property and has stated that he intends to request reserve disbursements to accommodate the costs associated with such improvements. Bank of America will continue to monitor the loan.
|
| 123 |
Garden City Apartments |
MF |
$3,962,972 |
94 |
58.3 |
5.664000 % |
| | 41 Garden City Drive, Cranston RI 02920 | | 0.1% | 85% | 0.91x (6 mths) | Bank of America |
|  |
| 1E DSCR < 1.10 The loan is secured by a 94 unit multi-family property in Cranston, RI, built in 1948. The property was last inspected on 10/15/08, receiving a rating of Good. Q1 09 NCF DSCR is 0.58x with 82% occupancy. YE 2008 NCF DSCR was 1.09x with occupancy of 90%, down from YTD 3/31/2008 NCF DSCR of 1.32x with occupancy of 94%. YE 2007 NCF DSCR was 0.56x with occupancy of 93%. Bank of America will contact the borrower regarding EGI and Operating Expenses. Bank of America will continue to monitor the loan.
|
| 139 |
West Haven Apartments |
MF |
$3,036,571 |
69 |
66.7 |
5.590000 % |
| | 840 1st Avenue & 680 3rd Avenue, West Haven CT 06516 | | 0.1% | 83% | 1.50x (9 mths) | Barclays |
|  |
| 152 |
Kinnaman Terrace |
MF |
$2,213,648 |
51 |
61.0 |
5.115000 % |
| | 17851-17899 SW Kinnaman Road, Aloha OR 97007 | | 0.1% | 86% | 1.55x (12 mths) | Bridger |
|  |