Trust vs. Bondholder

CMBS Certificateholders Shut Out   THE ABILITY OF INVESTORS in commercial mortgage backed securities (CMBS) to participate directly in a borrower’s restructuring was recently curtailed by a New York bankruptcy court, raising a number of practical restructuring...

Unraveling the Mystery of Cancellation of Indebtedness Income

What Borrowers Need to Know of the Potential Tax Costs of Loan Workouts and Foreclosures The Borrower’s Tax Consequences in a Foreclosure The mechanics of foreclosure are specific to the laws of the State in which the property is located. In general, in a foreclosure,...

Why CMBS Finance Remains So Vital

From Heartland Real Estate Business , July 2012 WHY CMBS REMAINS SO VITAL Conduit lenders help fill a need balance-sheet lenders often can’t. By Matt Valley Although it will take a few more years for the commercial mortgage-backed securities (CMBS) market to fully...

Taking the Right Exit

Scotsman Guide, May 2012 By Ann Hambly, founder and co-CEO of 1st Service Solutions   Commercial mortgage brokers may sense a feeling of despair among clients who hold commercial mortgage- backed securities (CMBS). The prospects of the CMBS markets are not promising:...

Brace Yourself for Rough Waters

Scotsman Guide, Feb. 2012 By Ann Hambly, founder and co-CEO of 1st Service Solutions   By the end of 2011, uncertainty over the future of distressed commercial mortgage-backed securities (CMBS) overshadowed positive signs of lower delinquency rates. Defaults...

Where, Oh Where Have All the CMBS Defaults Gone?

REBUSINESS Online, Jan. 2012 By Ann Hambly, founder & CEO 1st Service Solutions   From January 2009 through 2010, the CMBS default curve resembled a steep climb up Mount Everest with an approximate 90-degree incline. The default rate reached a peak of more than 12...


Our Founder, Ann Hambly was featured in What Drives a Special Servicer's Decision on a Defaulted CMBS...

10-Year CMBS Loans: An Endangered Species?

Don’t Wander Back to Old CMBS Habits

Liquidation benefits?

When the CMBS Market Plays Musical Chairs

Is The Worst of the CMBS Crisis Behind Us? 10 Facts to Consider

Marco – Polo, and the game of Special Servicing

CMBS Restructure Tips for the CMBS Borrower

CMBS Restructures on America’s Commercial Real Estate Show

Trust vs. Bondholder

Unraveling the Mystery of Cancellation of Indebtedness Income