Trust vs. Bondholder
CMBS Certificateholders Shut Out THE ABILITY OF INVESTORS in commercial mortgage backed securities (CMBS) to participate directly in a borrower’s restructuring was recently curtailed by a New York bankruptcy court, raising a number of practical restructuring...
Unraveling the Mystery of Cancellation of Indebtedness Income
What Borrowers Need to Know of the Potential Tax Costs of Loan Workouts and Foreclosures The Borrower’s Tax Consequences in a Foreclosure The mechanics of foreclosure are specific to the laws of the State in which the property is located. In general, in a foreclosure,...
Why CMBS Finance Remains So Vital
From Heartland Real Estate Business , July 2012 WHY CMBS REMAINS SO VITAL Conduit lenders help fill a need balance-sheet lenders often can’t. By Matt Valley Although it will take a few more years for the commercial mortgage-backed securities (CMBS) market to fully...
Taking the Right Exit
Scotsman Guide, May 2012 By Ann Hambly, founder and co-CEO of 1st Service Solutions Commercial mortgage brokers may sense a feeling of despair among clients who hold commercial mortgage- backed securities (CMBS). The prospects of the CMBS markets are not...
Brace Yourself for Rough Waters
Scotsman Guide, Feb. 2012 By Ann Hambly, founder and co-CEO of 1st Service Solutions By the end of 2011, uncertainty over the future of distressed commercial mortgage-backed securities (CMBS) overshadowed positive signs of lower delinquency rates. Defaults...
Where, Oh Where Have All the CMBS Defaults Gone?
REBUSINESS Online, Jan. 2012 By Ann Hambly, founder & CEO 1st Service Solutions From January 2009 through 2010, the CMBS default curve resembled a steep climb up Mount Everest with an approximate 90-degree incline. The default rate reached a peak of more...
Overleveraged? Investigating the Availability of Commercial Real Estate Credit
Our Founder, Ann Hambly, discusses The Recovery of the Commercial Real Estate Market with Brian Bailey, Senior Financial Policy Analyst with the Federal Reserve Bank of Atlanta
REBUSINESS ONLINE Article
Our Founder, Ann Hambly was featured in What Drives a Special Servicer's Decision on a Defaulted CMBS Loan?