What does LOGIC and CMBS Workouts have in common?

Nothing!  I had an attorney tell me very early in my career that things that seem logical outside of the courtroom are often not logical inside the courtroom.  It seems to be the same for CMBS workouts. What seems logical outside of CMBS workouts is not necessarily...

Unintended Consequences at Play – Scotsman Guide

It wasn’t a surprise to see legislation like the Dodd-Frank Wall Street Reform and Consumer Protection Act come into the market in 2010. Dodd-Frank was an expected response to the nearly catastrophic financial crisis that shook the nation’s financial institutions, the...
Hot Topics for Servicers

Hot Topics for Servicers

Hot Topics for Servicers Now that real losses are being passed through CMBS pools at such a rapid rate, the controlling class certificate holder is changing and that means that the special servicers are changing.  We will discuss how this impacts the master servicers...

Marco – Polo, and the game of Special Servicing

Everyone is aware of the myriad issues faced by commercial property owners during the latest downturn.  When values fell, their alternatives were limited and many of them followed an inevitable path into foreclosure.  However there were others that had weathered these...