| 20 |
Parkway Plaza |
RT |
$27,298,000 |
262,632 |
73.8 |
5.744000 % |
| | 520 Ed Noble Parkway, Norman OK 73072 | | 1.3% | 97% | 1.29x (9 mths) | Citigroup Global Markets |
|  | | Tenant | % | Expires | | TOYS R US | 12 | 01/31/12 | | BED BATH & BEYOND | 12 | 01/31/10 | | ROSS DRESS FOR LESS | 10 | 01/31/12 |
|
| 35 |
Centre at Culpeper |
RT |
$15,765,000 |
72,996 |
79.7 |
6.008400 % |
| | 15131 - 15193 Montanus Drive, Culpeper VA 22701 | | 0.8% | 98% | 1.19x (9 mths) | Citigroup Global Markets |
|  | | Tenant | % | Expires | | ALDI | 22 | 06/30/17 | | RENT A CENTER | 7 | 09/30/13 | | CARPET ONE | 7 | 03/31/12 |
|
| 44 |
Old National Town Center |
RT |
$10,849,137 |
98,997 |
52.4 |
6.567000 % |
| <30 | 6175 Old National Highway, Atlanta GA 30349 | | 0.5% | 94% | 1.77x (6 mths) | Artesia |
|  | | Tenant | % | Expires | | Ross Dress For Less, Inc. | 30.49 | 01/31/18 | | Gen X Clothing | 12.12 | 04/30/17 | | Dugan's Restaurant | 7.44 | 08/31/17 |
|
| 48 |
Premier Landing |
RT |
$10,450,000 |
126,452 |
63.7 |
6.570000 % |
| | 253-390 Premier Boulevard, Roanoke Rapids NC 27870 | | 0.5% | 97% | 1.38x (6 mths) | Artesia |
|  | | Tenant | % | Expires | | Belk (Pad Lease) | 38.35 | 10/10/26 | | Dollar Tree | 7.95 | 09/30/08 | | Rack Room | 4.51 | 08/24/11 |
|
| 50 |
Hamilton Crossing |
RT |
$9,709,636 |
48,470 |
77.7 |
6.270000 % |
| FC | 2725 Hamilton Mill Road, Buford GA 30519 | | 0.5% | 95% | 0.00x (UW) | Artesia |
|  | | Tenant | % | Expires | | Hamilton Ridge Ventures, LLC (Master Lease) | 13.62 | 08/31/10 | | Metro Brokers | 9.28 | 11/30/14 | | Kado Sushi-Antonio Kosasih & Juardy Lo | 7.12 | 12/31/16 |
|
| 66 |
Quioccasin Center Station |
RT |
$6,823,882 |
76,655 |
71.9 |
6.550000 % |
| | 8910-8982 Quioccasin Road, Richmond VA 23229 | | 0.3% | 95% | 1.11x (9 mths) | Artesia |
|  | | Tenant | % | Expires | | Food Lion | 47.77 | 10/30/22 | | Talk of the Town Restaurants | 6.52 | 03/31/12 | | Core Kids Academy | 5.53 | 10/31/12 |
|
| 08/11/09: YTD 06 financials have been requested. FYE 2008 NCF DSCR of 1.06x is down slightly from underwriting as per the Borrower, a couple tenants were in default under their leases (Allstate tenant and Virginia Lady). However, they have since been able to obtain a couple replacement tenants (Denarius Holding Company and Evelyns Designs) and the Property Manager felt that interest has remained in the property as evidenced by the signing of the aforementioned leases. Occupancy is currently 91% and has been in the low to mid 90s for the past year or so versus 96% at origination.
|
| 70 |
CT Beverage Mart Plaza |
RT |
$6,500,000 |
43,999 |
61.9 |
6.375000 % |
| | 955 Washington Street, Middletown CT 06457 | | 0.3% | 91% | 1.58x (9 mths) | Artesia |
|  | | Tenant | % | Expires | | CT Beverage Mart | 35.45 | 12/31/22 | | Easter Seals Goodwill, Inc. | 27.27 | 11/30/27 | | Better Bedding | 12.50 | 07/31/08 |
|
| 76 |
Gadd Crossing |
RT |
$5,740,000 |
74,342 |
70.0 |
5.820000 % |
| <30 | 5510 Highway 153, Chattanooga TN 37343 | | 0.3% | 96% | 0.00x (UW) | Artesia |
|  | | Tenant | % | Expires | | Rush Fitness Center | 45.73 | 08/31/21 | | ALDI Food Store | 24.82 | 07/02/15 | | McAllister's Deli | 5.38 | 09/30/11 |
|
| 77 |
Lodi City Center |
RT |
$5,730,000 |
49,571 |
40.9 |
6.680000 % |
| | 109 North School Street, Lodi CA 95240 | | 0.3% | 97% | 2.28x (12 mths) | Citigroup Global Markets |
|  | | Tenant | % | Expires | | LODI STADIUM | 83 | 07/31/26 | | TERIYAKI TIME | 3 | 06/30/13 | | STARBUCKS CORPORATION | 3 | 05/31/14 |
|
| 116 |
Willow Bend |
RT |
$3,864,000 |
54,568 |
69.0 |
6.300000 % |
| 30 | 508, 510, 512, 514, 516, 518, 520 & 524 South Willow Avenue, Cookeville TN 38501 | | 0.2% | 90% | 0.00x (UW) | Artesia |
|  | | Tenant | % | Expires | | Staples, Inc | 43.85 | 03/31/15 | | Dollar Tree Stores, Inc. | 22.39 | 05/31/09 | | Rugged Wearhouse, Inc. | 21.99 | 04/30/10 |
|
| 133 |
Town Fair Shopping Center |
RT |
$3,150,000 |
22,006 |
64.3 |
6.590000 % |
| | 39000-39150 State Street, Fremont CA 94538 | | 0.2% | 97% | 1.96x (6 mths) | CW Capital |
|  | | Tenant | % | Expires | | PHILIP CUELLAR | 28 | 05/31/17 | | CHINA CHILL | 21 | 01/31/10 | | BEYOND ACADEMICS | 9 | 06/30/09 |
|
| 4D - Top 3 Tenants Expiring. This loan is secured by a 22,007 sf retail center built in 1973. The DSCR and occupancy for the year ended 12/31/08 were 1.99x and 97%, respectively. The rent roll dated 12/31/08 shows the tenant China Chill occupying 4,590 sf (21% GLA) has a lese expiring 01/31/2010, a second tenant Beyond Academics occupying 2,000 sf (9% GLA) has a lease that expired 06/30/09 and a third tenant Entourage Salon occupying 1,800 sf (8% GLA) has a lease that expired 12/31/08. On 08/12/09 Capmark contacted the borrower for an update on the lease renewals an is awaiting a response. The property was last inspected on 07/02/08 and received a rating of good. Capmark will continue to monitor this loan.
|
| 139 |
Bluebonnet Crossing |
RT |
$2,950,000 |
14,429 |
74.3 |
5.922000 % |
| | 9618 Jefferson Highway (SR 73) & 4245 Bluebonnet Boulevard, Baton Rouge LA 70809 | | 0.1% | 91% | 1.68x (9 mths) | CW Capital |
|  | | Tenant | % | Expires | | IZZO'S | 23 | 09/30/09 | | MIDSOUTH BANK | 16 | 07/31/10 | | BRONZE & LACE | 12 | 09/30/09 |
|
| 4D - Top 3 Tenants Expiring. This loan is secured by a 14,430 sf retail center built in 2004. The DSCR and occupancy for the year ended 12/31/08 were 1.70x and 91%, respectively. On 06/12/09 the borrower stated that the rent roll dated 12/31/08 indicates that a tenant "Izzo\'s" occupying 3,360 sf or 23% of the GLA has a lease which expires on 09/30/09 and is negotiation; a second tenant "Subway" occupying 1,800 sf or 12% of the GLA has a lease which expires on 11/01/09 is renewing and they will send a rent roll when the lease terms are finalized and a third tenant "Bronze & Lace" occupying 1,800 sf or 12% of the GLA has a lease which expires on 09/30/09 is negotiating but may vacate. The property was last inspected on 08/26/08 and received a rating of good. Capmark will continue to monitor the loan.
|
| 151 |
Towne Place |
RT |
$1,767,693 |
28,000 |
65.5 |
6.600000 % |
| | 155 Towne Lake Parkway, Woodstock GA 30188 | | 0.1% | 93% | 1.35x (UW) | Suntrust |
|  | | Tenant | % | Expires | | Hilton Head Hospitality | 21.43 | 06/30/08 | | Academic Fashions Uniforms | 14.29 | 09/30/09 | | Bon Vivant Salon | 14.29 | 09/30/08 |
|