FMVPO – Fair Market Value Purchase Option

FMVPO – Fair Market Value Purchase Option

This one acronym that can impact CMBS restructures more than anything else, and very few people know what it is! The ultimate decision making authority on a CMBS restructure is the controlling class representative (“CCR”) for the pool. The CCR is the bond tranche in...
Just When You Think You Understand CMBS

Just When You Think You Understand CMBS

– by Ann Hambly So…you have a good relationship with your special servicer and you have closed a few other deals with them. In fact, you even buy properties from the special servicer on occasion. You should be in a good position to negotiate a resolution on your...
Half Full or Half Empty

Half Full or Half Empty

CMBS Maturities in 2015 – by Ann Hambly   As of late 2014, it was projected that approximately 34% of the approximate $87 Billion of CMBS debt maturities in 2015 would have trouble paying off at maturity. Of the $87 Billion, $13 Billion had an LTV of...
There’s No Crying in CMBS!!!

There’s No Crying in CMBS!!!

There’s No Crying in Baseball CMBS!!! by Pam Banegas   CMBS experts secretly snicker when asking a potential client if they have ever been involved in a CMBS assumption or loan resolution and the response is “well” …or “I’m not sure” …or there’s a long pause for...
Death by a 1,000 Paper Cuts!

Death by a 1,000 Paper Cuts!

by Pam Banegas   We decided to build a backyard pool. Going into this process, we expected several “hurdles” along the way…finding a reputable contractor, creating a design, and then the construction itself. Okay, we can do this! We found a jam-up contractor who...
TICS …a Dying Breed

TICS …a Dying Breed

by Stephanie Miles There are many reasons for entering into a tenant in common (“TIC”) property ownership structure. Investing into a TIC allows the investor the opportunity to own a portion of larger properties. But the leading reason for entering into a TIC property...