by admin | Mar 6, 2013 | Blog |
THE single most important thing that matters relative to the performance of a CMBS loan is the YEAR OF ORIGINATION of that loan. Of the approximate $75 billion in special servicing at yearend 2012, the vast majority of the loans were originated in 2006 or 2007....
by admin | Feb 18, 2013 | Uncategorized |
Property: Office Building in Texas Loan Balance: $29 million Problem: This single-tenant building was 100 percent vacant and the current value of the property was significantly less than the loan. The best solution for the Trust was a DPO,...
by admin | Feb 18, 2013 | Uncategorized |
Property: Industrial Building in New York Loan Balance: $48 million Problem: The vacancies in this industrial property reached 75 percent, and the property was listed for sale. The current value of the property was difficult to determine, but...
by admin | Feb 18, 2013 | Uncategorized |
Property: Nine self-storage facilities in New York and Pennsylvania Loan Balance: $25.5 million CMBS debt and $14.0 million on-book bank debt Problem: The complexity of this transaction was that all nine properties were underperforming, and...
by admin | Feb 18, 2013 | Uncategorized |
Property: Office Buildings in Michigan and Illinois Loan Balance: $95 million Problem: The loan on this property was originated in 2006. The current value of the properties was approximately half the loan amount. It was unlikely that the value...
