Loan Assumptions

We have successfully completed more assumptions than anyone in the industry!

Value of our Services

The Value of Our Services on a CMBS Assumption. These are just some of the reasons why you should choose 1st Service Solutions to facilitate your Loan Assumptions.

Faster Closing

60 days for approvals and 90 days, all in, for closing

Assurance

Higher assurance of closing the transaction

'Pre-Qualify'

We will ‘pre-qualify’ buyers prior to entering into the assumption process

Conditions

Buyer will understand possible conditions from the beginning, and we are able to negotiate the conditions with the servicer to industry standard

GPS

We serve as the GPS so you always know where the approval process stands (Up to 8 approval parties)

Assumption
Process

These are examples of basic assumption processes and timelines for CMBS and HUD transactions

Hear what our clients have to say

Don’t take out word for it, hear what some of our clients have to say about 1st Service Solutions

“A huge thank you to 1st Service for your efforts and specifically, to Stephanie for helping to keep this on track and setting us up to close a time sensitive deal both “smoothly” and on time! Sometimes a deal seems to go much smoother than it really has because of the “behind the scenes” work being done by Stephanie and the rest of your team. Please know that those efforts are appreciated, recognized and acknowledged. I am confident this deal would not have gone nearly as smoothly and most likely would not have closed on time without the expertise and relationships of 1st Service behind it. We will certainly seek the benefit of your services again in the future should we find ourselves dealing with CMBS or similar type lender” Mick Cramer, CPA

President, REMARC Management, Inc.

“I can’t thank you enough for your assistance on our assumption.  Quite frankly, I don’t think we could have made it without your help. Your firm adds a tremendous value when dealing with the CMBS monster.”

Robert Team

Carolina Investment Properties

“It was awesome working with you guys and I couldn’t imagine this process going as well as it did.”

Grant

Inland Investment Real Estate

“Our $1.2Billion transaction would not have closed without 1st Service Solutions.”

Joe Dykstra

Westwood Financial Corp

ASSUMPTION References

OWNERS


WESTWOOD

Joe Dykstra
Co-Chief Executive Officer
(310) 820-8443
jdykstra@westfin.com

REMARC MANAGEMENT

Mick Cramer
President
(949) 830-5730 x12
mlc@remarc.biz

CAROLINA INVESTMENT PROPERTIES

Robert Team
President
(336) 243-2600
rteam@cipnc.com

BROKERS


HFF

James Childress
Broker
(503) 224-0444
Jchildress@hfflp.com

CBRE

Phil Voorhees
Broker
(949) 725-8521
Phil.voorhees@cbre.com

CBRE

Kirk Brummer
CBRE | National Retail Investment Group West
(949) 725-8418
kirk.brummer@cbre.com