by admin | Nov 5, 2012 | Blog |
Who watches out for bond holders once CMBS loans go into default? It was supposed to be the special servicers, even though CMBS pioneers in the mid 1990’s privately had questioned how special servicers could handle a deluge of problem loans, complex loan documents and...
by admin | Oct 26, 2012 | Events |
Note Auctions – things you should know! Get the Slides
by admin | Oct 26, 2012 | Uncategorized |
Topics: What is the average discount on the face amount of the note at a note auction? Why special servicers chose a note auction versus a discounted pay off? What types of loans are likely candidates for a note auction and which aren’t? Can the existing...
by admin | Oct 22, 2012 | News |
DATE: November 15, 2012 TIME: NOON ET REGISTRATION COST: FREE! Register Now > Want to know how the presidential election impacts commercial real estate? A GlobeSt.com webinar sponsored by 1st Service Solutions will take place on Nov. 15, just days...
by admin | Oct 19, 2012 | Blog |
It is a fact that the special servicer in a CMBS pool must ultimately chose the outcome that will result in the highest net present value (“NPV”) to the bondholders. In fact, the only real standard that the CMBS special servicers have is what is called the servicing...
