CMBS loan issues are like the Kentucky Derby
In this “Triple Crown” time of year, we will see races on tracks measuring between one and one quarter and one and one-half miles long between the starting gate and the finish line . . . not incredible distances, but oh what a ride it is getting there!
As the owner, you are hoping that the trainer, the jockey, and the oh so majestic horse have been connected, and have a winning strategy, so the dream of crossing the finish line first is achieved. The odds may not be in your favor, but you hold out hope for the win.
Why tackling any CMBS loan issue on your own is a lot like the Kentucky Derby… odds are against you.
Just as in the horse races, it is critical that you know your “competitors” and have a solid strategy for increasing the odds of “winning” in the world of CMBS loan modification, restructures, and assumptions. As the owner, hiring a “jockey” that has raced before can be the factor that changes the odds in your favor to guide you down the track and over the finish line.
Even experienced CMBS professionals on the Lender’s side of the equation recognize the value a Borrower Advocate adds to the situation. Call us and we will be with you all the way to finish line… like the jockey and his beloved horse.