What you should NEVER do or say in CMBS

What you should NEVER do or say in CMBS

You think Halloween is scary? Try CMBS! What you should NEVER do or say in CMBS Speakers: Patrick Sargent – partner, Alston & Bird. Well known CMBS industry leader Michael Carp – over 30 years of special servicing experience, including head of special servicing...
5 Actual Case Studies You Have To Hear To Believe!

5 Actual Case Studies You Have To Hear To Believe!

5 Actual Case Studies You Have To Hear To Believe! Case study 1 involves a fairly standard cash management trigger provision in the loan documents which resulted in cash sweep for the entire life of the loan; meaning no money went to the investors! Case study 2...

Avoided Cash Management

Avoided Cash Management On a large, single tenant CMBS loan that was well performing, the single tenant approached the borrower to proactively extend his lease another 10 years after the remaining 2 years left on the lease.  In exchange for that, the tenant requested...

Avoided Cash Sweep

Avoided Cash Sweep In our role of compliance and surveillance for an owner with a large CMBS portfolio, we were able to save the owner from being put into a cash sweep with no easy way to get out.  There was a cash sweep event in his loan document where a specific,...
Springing Cash Management

Springing Cash Management

Springing Cash Management A Real Case Study A large commercial property owner got a new CMBS loan to pay off his construction loan. At the closing of the loan, the property was 70% physically occupied with 2 more tenants taking occupancy shortly after closing.  After...