Id | Name/ | Type/ | Bal | GLA/Units | LTV | WAC |
| Address | Subtype | % Pool | Occ. % | DSCR | Originator |
188 |
1253-1257 Los Angeles Street |
RT |
$5,100,000 |
39,376 |
72.9 |
6.079000 % |
60 | 1251 - 1257 South Los Angeles Street, Los Angeles CA 90015 | | 0.1% | 58% | 0.58x (9 mths) | Merrill Lynch |
| | | Tenant | % | Expires | | Tabi, Inc | 21.05 | | | Julio Pacheco | 9.65 | 03/31/08 | | Jung H. Park | 8.89 | |
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This loan was transferred to SS on 7/9/09 for imminent default due to cash flow problems as a result of low occupancy.A reduction in occupancy led to lower EGI in 1Q 2009. EGI dropped to 42% of UW. DSCR compressed to 0.28 from the 2008 level of 0.6. Borrower is having a difficult time leasing up the vacant spaces. They\'re doing the best they can but the market in the are
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