1E - DSCR < 1.10, 4B EGI< U/W EGI & < 1.10, 1F DSCR <1.40 & <= 75% U/W, 4A - occ < 80% U/W occupancy. Loan is secured by a 52,033 sf retail property located in Phoenix, AZ built in 2001. The property was inspected on 8/2008 and received a rating of Good. The Q1 2009 NCF DSCR was 0.87x with occupancy of 70%. The YE 2008 NCF DSCR was 1.32x. The recent drop in occupancy/EGI is due to the lease expiration of 3 tenants (Fishco, Arizona Hills, and Harper Physical Therapy). Bank of America will request leasing information from the borrower and will continue to monitor the loan.
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