The Good / The Bad / The Ugly

The Good / The Bad / The Ugly

The good: 70% of CMBS loan maturities should be in a position to pay off at loan maturity.   The bad: 30% of CMBS loan maturities will likely not be in a position to pay off at loan maturity because of high loan to value ratios.   The ugly: If you are in the...
Face it….CMBS loans are frustrating

Face it….CMBS loans are frustrating

Face it….CMBS loans are frustrating for owners. Why is that?? Here are three reasons:   1. There is no lender and no one looking out for the owners after the loan is originated. The Master and Special Servicers are third parties hired to look out for the...
Transplant List

Transplant List

– by Greg Dahms We have all seen the medical shows where the compassionate savvy doctor goes before the transplant committee to get their deserving patient onto the transplant list, while the patient still has a fighting chance. The doctor must use his expert...
CMBS Powder Keg

CMBS Powder Keg

– by Greg Dahms The fuse was lit almost a decade ago…don’t let the fact the powder keg of CMBS maturities hasn’t blown up yet make you think it won’t. Unlike those old westerns, where the hero runs ahead of the flaming line of gunpowder and kicks it away to save...
May Day!

May Day!

– by Greg Dahms   May Day! May Day! May Day! The universal call for help. On this May Day you might wonder from where the expression came? As a pilot, the question certainly came to my mind years ago during my flight training. A little investigation led to...
Whistling in the Graveyard of Maturities

Whistling in the Graveyard of Maturities

– by Rob Seidenwurm   A recent Morningstar report offered good news!  A full 61% of the CMBS loans that matured in February, 2015 paid off on time.  Further, they project 70% of the loans in the rest of 2015 to pay off on time.  Again, this was touted as...