FMVPO Fair Market Value Purchase Option 260K SF SUBURBAN OFFICE BUILDING IN CINCINNATI, OHIO The LTV was 152% at time of maturity and the property required over $3MM in new capital to stabilize the property. Occupancy at maturity was just over 65% and was expected to...
Showcase Deal References Showcase Deal March 2016 AB modification and extension of term 250K sq.ft. suburban office building The LTV was 185% at time of maturity with no way to pay the loan off in the foreseeable future. The borrower was willing to put in new money to...
Deal of the Month NOVEMBER 2015 Maturities Instead of highlighting ONE deal of the month for November 2015, we decided to showcase a consistent THEME of deals we resolved in the month of November. Principal Balance of the Loan: $30MM Late Fee: $1.5MM Challenge In all...
September 2015 DEAL OF THE MONTH Borrower Request The Property is a 207 unit full-service hotel. Hampton Inn Airport –San Diego Principal Balance of the Loan: $25MM Origination: May 2015 Maturity Date: May 2025 Closing Month: September 2015 Challenge The borrower got...
Discounted Payoff Industrial Building in California Industrial Building in California Industrial Property in California suffering from low occupancy and declining rents due to lack of tenant demand in the subject market. Result: DPO Principal Balance of Loan: $13MM...
