Discounted Payoff (Hotel – CA)

by | Feb 18, 2013 | Uncategorized

  Property:   Hotel in California   Loan Balance:   $59 million   Problem:   The loan on this property was originated in 2006. The current value of the property was approximately $40MM – significantly less than the loan amount.  The hotel had...

Note Auctions

by | Oct 26, 2012 | Uncategorized

        Topics: What is the average discount on the face amount of the note at a note auction? Why special servicers chose a note auction versus a discounted pay off? What types of loans are likely candidates for a note auction and which aren’t? Can the existing...