| Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| | Address | Subtype | % Pool | Occ. % | DSCR | Originator |
| 105 |
Glen Cove Towne Center |
RT |
$5,000,000 |
42,045 |
40.0 |
5.212000 % |
| | 167-219 Glen Street, Glen Cove NY 11542 | | 0.2% | 67% | 2.49x (UW) | Bank of America |
|  | | Tenant | % | Expires | | Super CVS | 36.33 | 01/31/26 | | Kebab Grill | 7.92 | 03/31/16 | | Sherwood Asian Resturant | 6.54 | 08/31/12 |
|
| 4A - Occ < 80% U/W occ. The loan is secured by a 42,046 sf retail property in Glen Cove, NY built in 1970. The property was inspected on 9/23/2008 and rated in Good condition. Q1 09 NCF DSCR is 3.41x with occupancy of 86%. 4Q 08 NCF DSCR is 2.49 with occupancy of 67%. 3Q 08 NCF DSCR is 2.60x with occupancy of 67%. 2Q 08 NCF DSCR was 2.54x with occupancy of 67%. 1Q 08 NCF DSCR is 3.03x with occupancy of 69%. YE 2007 DSCR was 2.65x with occupancy of 70%. YE 2006 DSCR was 3.36x with occupancy of 77%. The existing CVS store (9,475 sf) was closed and vacated when construction on the new Super CVS (15,275 sf), was completed. Per borrower, Dollar Store has emerged as a viable tenant and constructive negotiations continue to be ongoing. Asking rates for the vacant space are comparable to rent CVS formerly paid on the space of $11.44/sf. The space is being marketed in-house. Bank of America will continue to monitor the loan.
|
| 138 |
Meadow Park Plaza |
RT |
$2,997,135 |
34,842 |
69.7 |
5.400000 % |
| | 7304 Lakewood Drive West, Lakewood WA 98499 | | 0.1% | 66% | 0.99x (12 mths) | Bridger |
|  | | Tenant | % | Expires | | Buns Master Bakery | 16.61 | 12/31/07 | | Celt Investments, Inc. (Oh Gallagher's Pub) | 13.49 | 10/31/09 | | Casa Mia at Lakewood | 7.53 | 07/31/08 |
|
| 4A - Occupancy < 80 U/W, 1E - DSCR < 1.10. The loan is secured by a 34,842 sf unanchored retail property located in Lakewood, WA built in 1986. The property was inspected 9/08 and rated in Good condition. YE 08 NCF DSCR is 0.99x with occupancy of 66%. 2Q 6/30/2008 NCF DSCR is 1.20 with occupancy of 63% as of 10/01/08. YE 2007 DSCR was 1.02 with occupancy of 62%. YE 2006 DSCR was 1.29 with occupancy of 87%. DSCR has lowered due to the occupancy decreasing. Tenant improvement allowances are being offered to new tenants. Per 1/1/09 rent roll the occupancy has increased to 66% and the average annual rental rate is $14.26/sf. Casa Mia expanded and they have renewed for 10 years. Johnny\''s Seafood Co. (2,520 SF, 7% NRA) expired on 2/28/2009 and may be renewing the lease. Kiros Diamond (1,200 SF/ 3.5% NRA) has renewed lease for 3.5 years. Per latest inspection a major renovation of the exterior façade has made the property more appealing and appears in better condition. Bank of America will continue to monitor the loan.
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