| 22 |
Greeley Mall |
RT |
$41,400,000 |
417,633 |
76.6 |
6.230000 % |
| | 2050 Greeley Mall Street, Greeley CO 80631 | | 0.9% | 60% | 1.08x (UW) | Countrywide Commercial |
|  | | Tenant | % | Expires | | Dillard's | 22.33 | 06/30/08 | | J.C. Penney | 11.89 | 10/31/17 | | Cinemark Theatres | 10.78 | 04/30/24 |
|
| 1Q 2009 occupancy decreased further to 53.8% and was 57% of UW. DSCR was 1.03, which was a decrease from the 2008 level of 1.08. However, per Susan Dewar, Director of Finance for GK Development, Road Kill Grill has recently signed a lease to occupy an out
|
| 159 |
Westgate Plaza - Riverside, CA |
RT |
$6,636,329 |
65,993 |
47.4 |
6.000000 % |
| | 3724-3758 La Sierra & 11130-11170 Magnolia Avenues, Riverside CA 92505 | | 0.1% | 67% | 1.51x (9 mths) | Countrywide Commercial |
|  | | Tenant | % | Expires | | Furniture 2 Go | 24.54 | 02/28/11 | | Golden Harvest MK | 20.46 | 12/31/10 | | Arrowhead Central Credit Union | 11.01 | 07/19/11 |
|
| 1 Q 2009 occupancy remained at the same level as in YE 2008 - at 67%. The largest tenant, a furniture store, vacated in 2008. Borrower is actively marketing the property. According to the borrower, some prospect tenants for smaller spaces look promising,
|
| 174 |
Corley Portfolio |
RT |
$5,615,561 |
36,852 |
53.8 |
6.200000 % |
| | 6060 Windmill Lane, Las Vegas NV 89139 |
| | 3085 & 3075 Russell Road, Las Vegas NV 89120 | | 0.1% | 69% | 0.89x (6 mths) | Merrill Lynch |
|  | | Tenant | % | Expires | | Platinum Capital Group | 24.50 | 07/31/08 | | Eugene Burger Mgt. Corp of Nev. | 13.23 | 01/31/09 | | Structure Studios | 12.29 | 05/31/07 |
|
| Loan transferred for Imminent default due to cash flow problems. The Borrower has not provided the information we requested which is needed to evaluate the request.
|