remittance date : dec 15, 2009
TRANSCRIPT
-
8/14/2019 Remittance Date : Dec 15, 2009
1/20
-
8/14/2019 Remittance Date : Dec 15, 2009
2/20
DELINQUENT & SPECIALLY-SERVICED SUMMARY
# ofCur.Bal.
%of
TotalAppr.
Red.Surv. Proj.
Loss ($MM)Delq.Last
2007
Loans $MM Deal Exp. $MM36
MthsTotal Yr. Mo. Avg
REO 1 15.69 0.5 16.53 5.58 7.06 7.06 - - 0.1
BK-Delq 1 6.40 0.2 6.49 - 1.28 1.28 - - 0.5
FCL 6 33.99 1.1 36.28 8.22 17.23 17.23 - - 2.2
90+ days 2 15.55 0.5 16.73 6.80 5.41 5.41 - - 1.4
60 days 1 11.00 0.4 11.16 - 5.50 5.50 - - 0.9
30 days 3 271.47 8.8 273.24 - 88.00 88.00 - - 0.6
Total Delq 14 354.09 11.4 360.43 20.59 124.48 124.48 - - 5.5
BK-Cur 0 - - - - - - - - 0.6
SS-Cur 3 56.79 1.8 57.04 - - - - - 3.8
Mod-Cur 0 - - - - - - - - 0.0
Total Delq
+ SS17 410.89 13.3 417.47 20.59 124.48 124.48 - - 9.9
Property Type
Current Cutoff
Property Type # Prop $MM % % Bal
Office 40 997.55 32.2 31.99
Multifamily 31 638.08 20.6 20.44
Industrial 57 438.34 14.2 14.82
Retail 36 436.39 14.1 13.99
Mixed Use 1 220.00 7.1 6.99
Hotel 9 145.75 4.7 4.74
Retail - Single Tenant 25 104.31 3.4 3.37
Self Storage 14 66.07 2.1 2.11
Manufactured Housing 3 24.97 0.8 0.80
Other 3 23.33 0.8 0.76
Total 219 3,094.79 100.0 100.00
State Distribution
Current Cutoff
State # Prop $MM % % Bal
CA 21 575.73 18.6 18.37
NY 17 408.71 13.2 13.03
VA 14 402.47 13.0 12.82
TX 19 314.46 10.2 10.13
MD 7 266.42 8.6 8.48
OH 22 253.36 8.2 8.22
IN 14 102.59 3.3 3.63
TN 5 77.59 2.5 2.47
FL 8 65.26 2.1 2.13
Other 92 628.19 20.3 20.72
Total 219 3,094.79 100.0 100.00
Gr
To
Life
-
8/14/2019 Remittance Date : Dec 15, 2009
3/20
-
8/14/2019 Remittance Date : Dec 15, 2009
4/20
Remittance Date : Dec 15, 2009Last Checked: > 3 months BACM 07-1 (CMBX.3) BARCLAYS CAPITAL - CMBS SURVEILLANCE
Top Loans/Shadow Rated Loans - Details
Loan Name Prosp State Prop # of # of Cutoff Cur Bal % of % % LO/Def Penalty/YM Maturity Cutoff Total Inv -- O
ID Type Loans Prop Bal $MM $MM Deal AM Defeased End End LTV Loan Grade Mo
Skyline Portfolio 1 VA OF 1 8 271.20 271.20 8.8 0.0 0.0 08/16 02/17 77.8 YSolana 2 TX MU 1 1 220.00 220.00 7.1 0.0 0.0 08/13 12/13 71.3 Y
StratReal Industrial Portfolio I 3 Various IN 1 12 190.00 190.00 6.1 0.0 0.0 09/16 01/17 82.2
Hirschfeld Portfolio 6 MD MF 1 4 167.00 167.00 5.4 0.0 0.0 03/12 01/13 78.4
Pacific Shores 7 CA OF 1 1 165.88 165.88 5.4 0.0 0.0 12/08 05/11 01/12 55.0 Y
575 Lexington Avenue 8 NY OF 1 1 162.50 162.50 5.3 0.0 0.0 03/13 10/13 74.9 Y
Inland - Bradley Portfolio 4,5 Various Various 2 26 184.81 156.61 5.1 15.3 0.0 Various 09/16 01/17 54.3 Y B
Tanforan Shopping Center 9 CA RT 1 1 144.00 144.00 4.7 0.0 0.0 12/16 02/17 77.2
Sussex Commons I & II 10 VA MF 1 1 102.58 102.58 3.3 0.0 0.0 08/11 01/12 66.6
1412 Broadway 11 NY OF 1 1 102.00 102.00 3.3 0.0 0.0 08/11 12/11 56.8
TOTAL : Top Ten 11 56 1,709.96 1,681.76 54.3 1.6 0.0 70.8
University View 12 MD MS 1 1 80.75 80.75 2.6 0.0 0.0 06/16 01/17 79.2
Hotel Solamar 13 CA LO 1 1 60.90 60.90 2.0 0.0 0.0 04/13 12/13 67.5
PNA Portfolio 17,19,20,14,15,18,16 Various IN 7 18 49.76 47.32 1.5 4.9 0.0 Various Various 10/16 73.4
311 West 50th Street 21 NY MF 1 1 47.00 47.00 1.5 0.0 0.0 06/16 01/17 79.1
Indian Hills Apartments 22 OH MF 1 1 46.50 45.97 1.5 1.1 0.0 08/16 01/17 78.7
Lowe 6th Street Properties 23 CA IN 1 1 39.00 39.00 1.3 0.0 0.0 08/16 01/17 79.6
Marketplace at Hamden 24 CT RT 1 1 32.40 32.40 1.0 0.0 0.0 12/08 08/16 01/17 64.0
Forum IV at Olympia Parkway 25 TX RT 1 1 31.20 31.20 1.0 0.0 0.0 09/16 01/17 78.0Causeway Plaza 26 LA OF 1 1 30.00 29.64 1.0 1.2 0.0 08/16 12/16 73.7
BMW Financial Services Building 27 OH OF 1 1 28.96 28.96 0.9 0.0 0.0 09/20 02/21 79.1
TOTAL : ALL 27 83 2,156.43 2,124.90 68.7 1.5 0.0 71.7 5.1%
*** Shadow Rating Key: HIG = High Investment Grade, IG = Investment Grade and NI = Non-Investment Grade
-
8/14/2019 Remittance Date : Dec 15, 2009
5/20
-
8/14/2019 Remittance Date : Dec 15, 2009
6/20
Remittance Date : Dec 15, 2009Last Checked: > 3 months BACM 07-1 (CMBX.3) BARCLAYS CAPITAL - CMBS SURVEILLANCE
DELINQUENCY HISTORY
DistributionDate
Cur Bal $MM30 Days 60 Days 90+ Days FCL BK-Delq REO Total
# $MM % # $MM % # $MM % # $MM % # $MM % # $MM % # $MM %
12/09 3,094.79 3 271.47 8.8 1 11.00 0.4 2 15.55 0.5 6 33.99 1.1 1 6.40 0.2 1 15.69 0.5 14 354.09 11.4
11/09 3,095.68 2 17.27 0.6 1 4.44 0.1 3 26.64 0.9 3 12.24 0.4 - - - 1 15.72 0.5 10 76.31 2.5
10/09 3,096.45 2 13.24 0.4 - - - 3 26.67 0.9 3 12.25 0.4 - - - 1 15.74 0.5 9 67.90 2.2
09/09 3,097.34 1 4.45 0.1 - - - 3 26.70 0.9 3 12.26 0.4 1 6.40 0.2 1 15.77 0.5 9 65.59 2.1
08/09 3,098.10 - - - - - - 3 26.72 0.9 3 12.28 0.4 - - - 1 15.80 0.5 7 54.80 1.8
07/09 3,098.86 - - - - - - 4 30.60 1.0 2 8.43 0.3 - - - 1 15.83 0.5 7 54.86 1.8
06/09 3,099.73 - - - - - - 4 30.64 1.0 3 24.30 0.8 - - - - - - 7 54.94 1.8
05/09 3,100.48 - - - 2 12.07 0.4 3 24.91 0.8 3 24.34 0.8 - - - - - - 8 61.32 2.0
04/09 3,101.34 2 12.09 0.4 2 21.07 0.7 1 3.87 0.1 3 24.38 0.8 - - - - - - 8 61.40 2.0
03/09 3,104.11 2 21.09 0.7 - - - 1 3.87 0.1 3 26.43 0.9 1 6.40 0.2 - - - 7 57.79 1.9
02/09 3,105.17 - - - - - - 1 3.88 0.1 3 26.47 0.9 - - - - - - 4 30.34 1.0
01/09 3,105.89 - - - 1 3.88 0.1 - - - 3 26.49 0.9 - - - - - - 4 30.37 1.0
Prepayment Penalty Stratification *
As Of Total Bal Locked Out Yield Maint Fixed Penalty Open
Date $MM % % % %
12/09 3,095 80 17 3 -
12/10 3,095 79 18 3 -
12/11 2,774 83 14 - 4
12/12 2,505 85 15 - -
12/13 2,044 82 18 - -
12/14 2,043 82 18 - -
12/15 2,043 82 18 - -
12/16 848 25 - - 75
12/17 70 100 - - -
12/18 45 100 - - -
*Projected balances include effect of maturity but not loan amortization.
Historical CPR
DistributionDate
1 Mo.CPR %
Penalty /Prepayt (%)
12/09 0.00 0.0
11/09 0.00 0.0
10/09 0.00 0.0
09/09 0.00 0.0
08/09 0.00 0.0
07/09 0.00 0.0
06/09 0.00 0.0
05/09 0.00 0.0
04/09 0.78 0.0
03/09 0.00 0.0
02/09 0.00 0.0
01/09 10.28 29.5
-
8/14/2019 Remittance Date : Dec 15, 2009
7/20
-
8/14/2019 Remittance Date : Dec 15, 2009
8/20
-
8/14/2019 Remittance Date : Dec 15, 2009
9/20
-
8/14/2019 Remittance Date : Dec 15, 2009
10/20
-
8/14/2019 Remittance Date : Dec 15, 2009
11/20
-
8/14/2019 Remittance Date : Dec 15, 2009
12/20
-
8/14/2019 Remittance Date : Dec 15, 2009
13/20
-
8/14/2019 Remittance Date : Dec 15, 2009
14/20
-
8/14/2019 Remittance Date : Dec 15, 2009
15/20
-
8/14/2019 Remittance Date : Dec 15, 2009
16/20
Remittance Date : Dec 15, 2009Last Checked: > 3 months BACM 07-1 (CMBX.3) BARCLAYS CAPITAL - CMBS SURVEILLANCE
Pro Forma Loans Summary
DSCR Stratifications
DSCR (NCF)Cur # of
LoansCur Bal
$MM% of
Cur Bal
N/A 1 190.00 6.1
< 1.00 3 172.22 5.6
1.00 - 1.10 0 0.00 0.0
1.10 - 1.25 2 438.20 14.2
1.25 - 1.50 2 34.99 1.1
1.50 - 2.00 5 244.43 7.9
2.00 + 0 0.00 0.0
Total 13 1,079.84 34.9
NZWA DSCR 1.18
Delq Status
# of Cur. Bal. % of
Loans $MM Deal
REO 0 -
BK-Delq 0 -
FCL 1 5.34
90+ days 0 -
60 days 0 -
30 days 1 220.00
Total Delq 2 225.34
BK-Cur 0 -
SS-Cur 0 -
Mod-Cur 0 -
Total Delq + SS 2 225.34
Property Type
Current Cutoff
Property Type # Prop $MM % % Bal
Office 12 455.03 14.7 14.50
Mixed Use 1 220.00 7.1 6.99
Industrial 12 190.00 6.1 6.04
Multifamily 5 186.00 6.0 5.91
Retail 3 25.71 0.8 0.84
Retail - Single Tenant 1 3.09 0.1 0.10
Total 34 1,079.85 34.9 34.39
Amortization
# ofLoans
Cur Bal$MM
%Cur
Balloon 5 44.18
IO 5 1,010.70 3
IO - Amort. Balloon 3 24.96
Total 13 1,079.84 3
About Proforma:This table notes proforma loans that were underwritten based on projections of future performance rather than historical financials. The following footnotes summarize our methodology in flagging these loans.1. When stabilized underwritten numbers were disclosed in the annex instead of the "as-is" or "in-place" numbers, we replaced the stabilized numbers with the footnoted "as-is" or "in-place" numbers if reported
calculation and LTV calculation.
2. When a holdback/earnout was in place and DSCR was calculated based on netting out the holdback, and DSCR based on the entire loan balance was footnoted, we used the DSCR based on the entire loan.
3. For certain large loans for which more detailed information was available, we noted as proforma the loans secured by properties that either went through substantial renovation or were recently developed, as t
performance.
4. For loans that did not have detailed information available but did have recent and/or historical financial information: if we found that underwritten cash flows were significantly higher (more than 20%) than
that secures the loan was developed or renovated recently (within the past 12 months of securitization), we noted these loans as proforma loans without any adjustments to the DSCR/LTV.
-
8/14/2019 Remittance Date : Dec 15, 2009
17/20
Remittance Date : Dec 15, 2009Last Checked: > 3 months BACM 07-1 (CMBX.3) BARCLAYS CAPITAL - CMBS SURVEILLANCE
Noteworthy Total Loan Detail
Name D e a l ProspidCutoff Bal
$MMCurbal
$MMCutoff
LTVU/W
DSCRTrustee Master Servicer Special Servicer
Skyline Portfolio (Workout Control: BACM07-1 )
A1 BACM07-1 1 271.20 271.20 77.75 1.24 LaSalle Bank of America CWCapital
A2 JPMCC07-LDPX 3 203.40 203.40 77.75 1.24 Wells Fargo Midland, Wachovia, Banc of America, Capmark JE Roberts
A3 GECMC07-C1 4 203.40 203.40 77.75 1.24 Wells Fargo KeyCorp, Bank of America, Wachovia, Midland LNR
TOTAL 678.00 678.00 77.75 1.24
Solana (Workout Control: BACM07-1 )
A1 BACM07-1 2 220.00 220.00 71.34 1.34 LaSalle Bank of America CWCapital
A2 JPMCC07-LDPX 7 140.00 140.00 71.34 1.34 Wells Fargo Midland, Wachovia, Banc of America, Capmark JE Roberts
TOTAL 360.00 360.00 71.34 1.34
Mez - - 35.00 - - - - -
Pacific Shores (Workout Control: BACM07-1 )
A1 BACM07-1 7 165.88 165.88 54.98 1.65 LaSalle Bank of America CWCapital
A2 GECMC07-C1 9 165.88 165.88 54.98 1.65 Wells Fargo KeyCorp, Bank of America, Wachovia, Midland LNR
TOTAL 331.75 331.75 54.98 1.65
Mez - - 150.80 - - - - -
575 Lexington Avenue (Workout Control: BACM07-1 )
A1 BACM07-1 8 162.50 162.50 74.85 1.08 LaSalle Bank of America CWCapital
A2 BACM07-2 3 162.50 162.50 74.85 1.08 Wells Fargo Bank of America, Wells Fargo LNR
TOTAL 325.00 325.00 74.85 1.08Future Mez - - 0.00 - - - - -
Forest Hills Corporate Center (Workout Control: BACM07-1 )
A BACM07-1 71 8.79 8.79 77.12 1.20 LaSalle Bank of America CWCapital
B - - 0.76 - - - - -
TOTAL 9.55 8.79 - -
Richmond Ridge Apartments (Workout Control: BACM07-1 )
A BACM07-1 129 3.20 3.16 80.00 1.20 LaSalle Bank of America CWCapital
B - - 0.20 - - - - -
TOTAL 3.40 3.16 - -
-
8/14/2019 Remittance Date : Dec 15, 2009
18/20
Additional Debt Summary
Debt Type# of Total
Loans# of Split
LoansCutoff Bal
$MM% Pool
Bal
Pari Passu (Trust) 4 4 819.57 26.1
Pari Passu
(Non-Trust)4 5 875.18 -
Total Pari Passu 4 9 1,694.75 -B Note 2 2 0.96 -
Mezzanine Debt 4 4 207.72 -
2nd Mortgage 4 4 2.01 -
Other Unsecured 3 3 19.33 -
Future Mezzanine
Debt16 16 0.00 -
Future 2nd Mortgage 13 13 0.00 -
Future Other
Unsecured7 7 0.00 -
Total Subordinate 44 49 230.02 -
-
8/14/2019 Remittance Date : Dec 15, 2009
19/20
Remittance Date : Dec 15, 2009Last Checked: > 3 months BACM 07-1 (CMBX.3) BARCLAYS CAPITAL - CMBS SURVEILLANCE
Distressed Paidoff Loans
Prosp ID Loan NameProp
CountPaidoff Date
Cutoff Bal$000s
Loss$000s
SubsequentLoss $000s
Final Loss$000s
Loss SeverityPrepay Penalty
$000sReason
Total 0 0%
Noteworthy Loan Concentrations
Concentration# of
LoansCurrent Loan Bal
$MMLoan Exposure
%Exposed Loan Bal
$MMDeal
%Servicer Watchlist
%Specially-Serviced
%Delq (30+ Days)
%Bankrup
Maguire 1 220.00 100.00 220.00 7.11 0.00 0.00 100.00
Circuit City 1 9.84 25.35 2.49 0.08 0.00 0.00 100.00
Ballys Total Fitness 1 6.00 100.00 6.00 0.19 0.00 0.00 0.00
Linens N Things Liquidation 1 9.84 28.12 2.77 0.09 0.00 0.00 100.00
Goody Discount Clothing
Bankruptcy2 15.79 28.04 4.43 0.14 0.00 0.00 72.42
Deal Comment
Analyst:Dan Voloshin
Phone: (212) 526-6381
Email: [email protected]
-
8/14/2019 Remittance Date : Dec 15, 2009
20/20
BARCLAYS CAPITAL CMBS
Contacts
CMBS Trading Desk CMBS Surveillance CMBS Research
David Cook (212) 526-0001 Michael Gabriella (212) 526-4419 Aaron Bryson (212) 412-3761Will Zak (212) 412-2449 Jingying Wu (212) 526 2517 Tee Yong Chew (212) 412-2439Mike Wassong (212) 412-5146 Dan Voloshin (212) 526-6381Adam Broman (212) 412-5950 Murali Valluri (212) 526-1983Matthew Miller (212) 412-7990
Analytics / Barclays Capital Live
Arun Kannambadi (212) 412-2881
Shawn Jiang (212) 526-4922Jason Peng (212) 526-1570Jonathan Liang (212) 526-4121
This publication has been prepared by Barclays Capital, Inc., a US registered broker/dealer and member of FINRA. This publication is provided to you for information purposes only. Prices shown in thispublication are indicative and Barclays Capital is not offering to buy or sell or soliciting offers t o buy or sell any financial instrument. Other than disclosures relating to Barclays Capital, the information
contained in this publication has been obtained from sources that Barclays Capital knows to be reliable, but we do not represent or warrant that it is accurate or complete. The views in this publication are
those of Barclays Capital and are subject to change, and Barclays Capital has no obligation to update its opinions or the information in this publication. Barclays Capital and i ts affiliates and theirrespective officers, directors, partners and employees, including persons involved in the preparation or issuance of this document, may from t ime to time act as manager, comanager or underwriter of apublic offering or otherwise, in the capacity of principal or agent, deal in, hold or act as market-makers or advisors, brokers or commercial and/or investment bankers in relation to the securities or related
derivatives which are the subject of this publication. Neither Barclays Capital, nor any affi liate, nor any of their respective officers, directors, partners, or employees accepts any liability whatsoever forany direct or consequential loss arising from any use of this publication or its contents. The securities discussed in this publication may not be suitable for all investors. Barclays Capital recommends that
investors independently evaluate each issuer, security or instrument discussed in this publication, and consult any i ndependent advisors they believe necessary. The value of and income from any
investment may fluctuate from day to day as a result of changes in relevant economic markets (including changes in market liquidity). The information in this publication is not intended to predict actualresults, which may differ substantially from those reflected. This communication is being made available in the UK and Europe to persons who are investment professionals as that term i s defined in
Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion Order) 2005. It is directed at persons who have professional experience in matters relating to investments. The investmentsto which it relates are available only to such persons and will be entered into only with such persons. Barclays Capital - the investment banking division of Barclays Bank PLC, authorised and regulated by
the Financial Services Authority (.FSA.) and member of the London Stock Exchange. Subject to the conditions of this publication as set out above, ABSA CAPITAL, the Investment Banking Division ofABSA Bank Limited, an authorised financial services provider (Registration No.: 1986/004794/06), is distributing this material in South Africa. Any South African person or entity wishing to effect a
transaction in any security discussed herein should do so only by contacting a representative of ABSA Capital in South Africa, ABSA TOWERS NORTH, 180 COMMISSIONER STREET,JOHANNESBURG, 2001. ABSA CAPITAL IS AN AFFILIATE OF BARCLAYS CAPITAL. Non-U.S. persons should contact and execute transactions through a Barclays Bank PLC branch or aff iliate
in their home jurisdiction unless local regulations permit otherwise. Barclays Bank PLC Frankfurt Branch is distributing this material in Germany under the supervision of Bundesanstalt fuer
Finanzdienstleistungsaufsicht. Copyright Barclays Bank PLC (2008). All rights reserved.
No part of this publication may be reproduced in any manner without the prior written permission of Barclays Capital or any of its affili ates. Barclays Bank PLC is registered in England No. 1026167.
Registered office 1 Churchill Place, London, E14 5HP. Additional information regarding this publication will be furnished upon request.