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,...
by admin | May 28, 2013 | Deals |
Property: Anchored retail center in Washington Loan Balance: $18.5 million Problem: The loan was originated in 2002 and the lender procured a Phase I ESA at origination and determined that there was petroleum contaminated groundwater. To...
