31 |
Plantation Apartments |
MF |
$17,800,000 |
222 |
73.1 |
6.820000 % |
| 211 Liberty Avenue, Lafayette LA 70508 | | 0.9% | 87% | 1.31x (9 mths) | GACC |
| |
68 |
Bala Apartments |
MF |
$6,800,000 |
145 |
76.4 |
6.310000 % |
| 4920 City Avenue, Philadelphia PA 19131 | | 0.3% | 84% | 1.37x (UW) | GACC |
| |
71 |
University Suites |
MF |
$6,331,753 |
72 |
76.3 |
5.920000 % |
| 23 Cat's Den Drive, Cullowhee NC 28723 | | 0.3% | 89% | 1.54x (6 mths) | Suntrust |
| |
1E - DSCR Below Threshold. This loan is secured by a 72 unit apartment complex built in 2005. The DSCR and occupancy for the year ended 12/31/08 and at contriibution were 1.05x and 89% and 1.25x and 100%, respectively. On 07/13/09 Capmark called the borrower and is awaiting a response. The property was last inspected on 05/22/08 and received a rating of good. Capmark will continue to monitor the loan.
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