Request Denied – Game Over?

Request Denied – Game Over?

Request Denied by Bjorn Borgenhard So, you have been in Special Servicing for 6 months. You have accommodated every request from the Special Servicer for additional information and cooperated with the seemingly endless line of appraisers and property inspectors. You...
ABC’s of CMBS

ABC’s of CMBS

Learning the ABC’s by Stephanie Miles & Megan White Recently, we were on a call with a potential client when the conversation turned to conditions being placed on buyers of properties with CMBS loans that need to be assumed. We ran through the general conditions...
Re-Do’s

Re-Do’s

Re-Do’s & CMBS by Pam Banegas It feels like Hollywood runs out of creativity juice from time to time and resorts to remakes or a re-do! The question is this: is the re-do better than the first one? Was the Warren Beatty/Annette Benning re-do of An Affair to...
“That’s Highly Illogical…”

“That’s Highly Illogical…”

“That’s Highly Illogical…” by Kevin Duty I just had a client get very frustrated when a loan workout proposal that he thought was fair and “logical”, got declined by his Special Servicer. A likelihood we had, gently, tried to prepare him for. He said that being turned...
How do I return my whole retail property?

How do I return my whole retail property?

How do I return my whole retail property? by Ann Hambly Retail stores all have return policies; some better than others. I never hesitate to shop at Nordstrom because I know I can return the item with no hassle and get all my money back.  If I buy something however...
Losses to CMBS bondholders

Losses to CMBS bondholders

Losses to CMBS bondholders by Rob Seidenwurm CMBS loans taking losses to the bondholders has become a reality for distressed properties.  We can argue whether all of these losses should take place, and then you run in to this snippet from a CreditSuisse newsletter:...