Successes

Assumptions | Restructures | Debt & Equity

1st Service Solutions Successes

Successes and case studies by 1st Service Solutions in CMBS Assumptions, Loan Restructures / Workouts or Modification.

Suburban Office Bldg.

  • Cincinnati, OH
  • $38 Million
  • Office Building
  • 260,000 sq.ft.
  • Maturity 7/2016
  • FMVPO

Enclosed Mall

  • South Burlington, VT
  • $92MM
  • Retail – enclosed mall
  • 11/2016
  • Structured deed in lieu with tax benefits

Suburban Office Bldg.

  • Wilton Corporate Park, Connecticut
  • UPB: $65MM
  • Property Type: Suburban Office
  • Closing Date: 4/2017
  • CMBS Modification & Extension

Montevallo Place Apts

  • Alabaster, AL
  • $10.00MM
  • Multifamily
  • June 2017
  • Expedited Assumption – Approvals in 45 days
The Center at Stockton

The Center at Stockton

  • Stockton, CA
  • $11.8MM
  • 152,00 SF Anchored Retail Center
  • July 2017
  • Assumption closed in 43 days
The Center at Stockton

Florida Office Building

  • West Palm Beach, FL
  • $7.2MM
  • 61K SF office building
  • Loan matured 3/1/2017
  • 1 year extension granted

Anchored Retail Center

  • Broomfield, CO
  • $8.7MM
  • 8/2016
  • Maturity Extension and Payment Modification

Suburban Office

  • Pensacola, FL
  • $7.1MM
  • 6/2016
  • Maturity Extension and Payment Modification

Medical Office

  • Rock Hill, SC
  • $4.7MM
  • 3/2017
  • Loan Restructure

Hampton Inn & Suites

  • Bakken Shale in Williston ND
  • $6.2MM
  • Hotel
  • 6/2017
  • Payment Modification

Microtel Inn & Suites

  • Bakken Shale in Dickinson ND
  • $3MM
  • Hotel
  • 6/2017
  • Payment Modification

Dolce Living Burleson

  • Burleson, TX
  • $25.4MM
  • Multifamily
  • May 2017
  • Expedited Assumption

Microtel Inn & Suites

  • Bakken Shale in Williston ND
  • $3.7MM
  • Hotel
  • 6/2017
  • Payment Modification

Student Housing

  • 800 bed student housing complex
  • Philadelphia, PA
  • $52MM
  • June 2017
  • Modification and maturity extension

Devon Square I & II

  • 724 & 744 W. Lancaster Ave., Wayne, PA
  • UPB: $27MM
  • Property Type: Suburban Office
  • Closing Date: 4/2017
  • Facilitation of Assumption

2 Microtel Inn & Suites

  • St. Clairsville, OH | Triadelphia, WV
  • $9.6MM
  • Urban Office
  • 3/2017
  • Payment Modification of Oil Affected Properties

2 Rite Aids

  • Lima, OH
  • $6.5MM
  • Anchored Retail
  • 3/2017
  • Short Term Forbearance

Stanley Apartments

  • Stanley, ND
  • $3.1MM
  • Multifamily
  • 2/2017
  • Payment Modification of Oil Affected Property

Urban Office

  • Southern California
  • $130MM
  • Office
  • 2/2017
  • Forbearance of the Maturity Date

Hotel Valencia

  • San Antonio, TX
  • $26MM
  • Full Service Hotel
  • 1/2017
  • Approval for Major Renovation

Hotel Valencia

  • San Jose, CA
  • $53MM
  • Full Service Hotel
  • 1/2017
  • Approval for Major Renovation

WalMart Calaveras Square

  • Stockton, CA
  • $5MM
  • Retail
  • 1/2017
  • Expedited Assumption – Approval in 45 days

Embassy Suites DFW South

  • Irving, TX
  • $19MM
  • Hospitality
  • 1/2017
  • Expedited Assumption

Town Hall Commons

  • Morrisville, NC
  • $7.8MM
  • Retail
  • 1/2017
  • Expedited Assumption

Mercer Mall, Middlesboro Mall, Parkway Plaza

  • Bluefield, WV, Middlesboro, KY, Madisonville, KY
  • $30.9MM
  • Retail – 3 Enclosed Malls
  • 12/16
  • Discounted Payoff

Palm Valley Pavillions

  • Phoenix, AZ
  • $3.4MM
  • Retail
  • 11/2016
  • Expedited Assumption

Fashion Square

  • Saginaw Township, MI
  • $38MM
  • Retail – Shopping Mall
  • June 2016
  • Assumption Facilitation

Powell Crossing

  • Powell, OH
  • $6.9MM
  • Retail
  • June 2016
  • Expedited Assumption

Oliveira Plaza

  • Port Hueneme, CA
  • $25MM
  • Retail
  • July 2016
  • Assumption Facilitation

Valley Oaks Shopping Center

  • Valley Springs, CA
  • $7.75MM
  • Retail
  • July 2016
  • Expedited Assumption
FMVPO

FMVPO

Westwood Financial Corp.

Westwood Financial Corp.

Hampton Inn Waco

Hampton Inn Waco

Stone Creek Plaza

Stone Creek Plaza

Walgreens Shopping Center Portfolio Pool #2

Walgreens Shopping Center Portfolio Pool #2

1411 Fourth Avenue

1411 Fourth Avenue

Victory Village

Victory Village

Mariano’s Fresh Market

Mariano’s Fresh Market

Walgreens / Rite Aid

Walgreens / Rite Aid

Modification & Extension

Modification & Extension

Highland Village

Highland Village

The Point at Wellington Green

The Point at Wellington Green

Shops At South Howard

Shops At South Howard

Maturities

Maturities

Borrower Request

Borrower Request

Second & Josephine

Second & Josephine

Discounted Payoff – Industrial

Discounted Payoff – Industrial

Rosewood Shopping Center

Rosewood Shopping Center

Bear Creek Plaza

Bear Creek Plaza

Borrower Request | August 2015

Borrower Request | August 2015

Newberry Lofts

Newberry Lofts

Magnolia Court

Magnolia Court

Renaissance North Hills

Renaissance North Hills

75-101 Federal Street

75-101 Federal Street

EB-5 Loan

EB-5 Loan

Portfolio of 25 Loans

Portfolio of 25 Loans

Discounted Payoff NY | April 2015

Discounted Payoff NY | April 2015

AB Bifurcation | March 2015

AB Bifurcation | March 2015

AB Bifurcation – Virginia | Feb 2015

AB Bifurcation – Virginia | Feb 2015

Time Warner Call Center

Time Warner Call Center

Maturity – Arizona | January 2015

Maturity – Arizona | January 2015

Ironwood Square Shopping Center

Ironwood Square Shopping Center

Waterfront Clemantis

Waterfront Clemantis

Note Purchase – Texas | December 2014

Note Purchase – Texas | December 2014

Highpoint Tower I & II

Highpoint Tower I & II

Voice of America Phase II

Voice of America Phase II

Sierra Commons Shopping Center

Sierra Commons Shopping Center

Park Lane Village

Park Lane Village

Riverbend Marketplace

Riverbend Marketplace

Orchard Square Shopping Center

Orchard Square Shopping Center

Driftwood Village Shopping Center

Driftwood Village Shopping Center

Houston Design Center

Houston Design Center

Plaza Del Sol

Plaza Del Sol

Comp USA Center

Comp USA Center

Boardwalk Shopping Center

Boardwalk Shopping Center

Maywood Village

Maywood Village

North Hills Mall

North Hills Mall

Park and Market

Park and Market

Franklin Square III

Franklin Square III

Forbearance – Texas | November 2014

Forbearance – Texas | November 2014

Note Sale – Virginia | October 2014

Note Sale – Virginia | October 2014

DPO – Oregon | September Deal of the Month

DPO – Oregon | September Deal of the Month

A/B Loan Bifurcation – Georgia Retail Center

A/B Loan Bifurcation – Georgia Retail Center

60 day approval & replacement of warm body

60 day approval & replacement of warm body

Less than 6 weeks approval

Less than 6 weeks approval

Discounted Payoff – Texas Multi-Family

Discounted Payoff – Texas Multi-Family

Discounted Payoff – Washington Retail Center

Discounted Payoff – Washington Retail Center

Discounted Payoff – Nine Self Storage Facilities in New York & Pennsylvania

Discounted Payoff – Nine Self Storage Facilities in New York & Pennsylvania

Short Sale – New York Industrial Building

Short Sale – New York Industrial Building

A/B Loan Bifurcation – California Retail Center

A/B Loan Bifurcation – California Retail Center

A/B Loan Bifurcation – Arizona Retail Center

A/B Loan Bifurcation – Arizona Retail Center

Short Sale – Texas Office Building

Short Sale – Texas Office Building

Discounted Payoff – MI & IL Office Buildings

Discounted Payoff – MI & IL Office Buildings

Loan Restructure – Los Angeles Office Building

Loan Restructure – Los Angeles Office Building

My $90 million deal wouldn’t have stood a chance without 1st Service Solutions.

I have 1st Service Solutions hard-coded into all my purchase and sale agreements, so that I can be sure the deal will get closed.

The CMBS Assumption Process was new to us, and your team’s expertise helped make it a successful transaction.

Our $200 million deal was dead until I engaged 1st Service Solutions. They got the deal approved and we closed shortly after engaging them.