| 1E - DSCR < 1.10, 4A OCC < 80% U/W, 4B EGI< U/W EGI & < 1.10, 1F DSCR <1.40 & <= 75% U/W. The loan is secured by a 16,570 sf office property in Las Vegas, NV built in 2003. The property was inspected 7/08/2008 and rated in excellent condition. Q1 09 NCF DSCR was 0.91x with 48% occupancy. YE 08 NCF DSCR is 1.00x with occupancy of 48%. 3Q 9/30/2008 NCF DSCR is 1.08 with occupancy of 48%. YE 2007 DSCR was 1.63. Occupancy per 11/21/2008 rent roll, has lowered to 48% due to two vacant spaces with a total of 8,695 sf. Per the 11/21/08 rent roll the average annual rental rate was $23.86/sf, compared with a year earlier, the average annual rate was $20.75/sf. The largest tenant, DeCima Mortgage Company, 26% NRA, moved out in November 2007, before their lease expiration. Per the borrower, they are actively marketing the vacant spaces. Based on the inspection in July, the 4,340 sf space remains vacant and hasn\'t been built out. Bank of America will continue to monitor the loan.
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