by admin | Jul 11, 2013 | Uncategorized
Property: Class B Office Building – 78,246 SF Loan Balance: $14.2 million Problem: The loan was transferred to special servicing due to cash flow issues related to declining rents, increased vacancy and value erosion. Additionally, the property...
by admin | Jul 10, 2013 | Deals
Property: Class D Multi-Family in Texas Problem: The loan was transferred to special servicing due to cash flow issues related to declining rents and increased operating expenses. Additionally, the property was in very poor condition, with significant deferred...
by admin | Jul 10, 2013 | Blog
Just like the movie, food falling from the sky seems too good to be true at first but there can be a downside, especially when the food is so big it has damaging effects! CMBS origination volumes started out at about $15 Billion a year in 1995 and rose to an all-time...
by admin | Jun 10, 2013 | Blog
The first preferable thing to do when your loan matures is to pay it off, of course. If your CMBS loan matures in 2013 or 2014, your loan has probably been amortizing for the last 8 – 9 years and the initial leverage wasn’t egregious, so absent some property or...
by admin | May 28, 2013 | Blog
CMBS Workouts are “Negotiations,” Just Not in the Normal Sense! Clients often retain us, thinking we are going to “negotiate” a resolution to their workout scenario, just like we were negotiating with a bank, or with a car salesman; we make an offer,...
