by admin | Mar 16, 2012 | Blog
ARA stands for Appraisal Reduction Act. When a loan is in default, an appraisal is ordered. If the appraised amount is less than the debt, an “appraisal reduction” is booked that would be equal to the difference between those two amounts. The ARA was...
by admin | Mar 14, 2012 | Blog
When you are in default on a CMBS Loan, the Controlling Class Representative, or CCR, is the entity that makes all the decisions. The CCR can be difficult to determine. 1st Service Solutions can help you identify the CCR and can even negotiate with them on your...
by admin | Mar 13, 2012 | Blog
An ARD, or Anticipated Repayment Date, is not the same as a maturity date. If your loan is set up with a maturity date and it is cash-flowing, it may be possible to get an extension on the loan. However, if your loan has an ARD and there is positive cash-flow, you...
by admin | Mar 1, 2012 | Events
CMBS Short Sales and Assumptions Get the Slides
by admin | Feb 28, 2012 | Events
Menu of Borrower Options for a Successful CMBS Restructure Get the Slides
