Role Of The Quarterback

Role Of The Quarterback

By Ann Hambly –   Now that we are two weeks into the new NFL season, it again becomes clear how important a good quarterback is to winning the game. A good quarterback is only as good as the game plan laid out weeks in advance of the big game.   In...
What do you mean, I can’t do that?

What do you mean, I can’t do that?

By Kevin Duty –   CMBS loans are notorious for their rigid and “mystical” restrictions on what can and can’t be done with loan terms and collateral after the loan closes. Since securitized loans serve as the collateral for investment grade bonds, the U.S....
Cloudy, with a Chance of Meatballs

Cloudy, with a Chance of Meatballs

Just like the movie, food falling from the sky seems too good to be true at first but there can be a downside, especially when the food is so big it has damaging effects!  CMBS origination volumes started out at about $15 Billion a year in 1995 and rose to an all-time...
Avalanche of CMBS Loans Maturing

Avalanche of CMBS Loans Maturing

The first preferable thing to do when your loan matures is to pay it off, of course.  If your CMBS loan matures in 2013 or 2014, your loan has probably been amortizing for the last 8 – 9 years and the initial leverage wasn’t egregious, so absent some property or...

Not Your Typical Negotiations

  CMBS Workouts are “Negotiations,” Just Not in the Normal Sense!   Clients often retain us, thinking we are going to “negotiate” a resolution to their workout scenario, just like we were negotiating with a bank, or with a car salesman; we make an offer,...

Investor Scavenger Hunt

Across the globe investors are on a scavenger hunt for yield. As Central Banks continue to distort the money supply, yields in the traditionally safe segment of the market are effectively zero, after accounting for inflation. This has in no doubt helped fuel the rise...