
MAREJ
- Jul 10, 2017
CMBS "In the Money"
MBS Transitions Was the CMBS 2.0 moniker simply a rebrand of CMBS 1.0 created to put a new spit shine on an old pair of worn out shoes? Post the 2008-2009 financial crisis, investors of CMBS bonds learned a few valuable lessons as CMBS loan defaults hit record levels and bondholders had to entrust special servicers to fairly adjudicate losses and recoveries in CMBS loan pools. Not completely satisfied with the process , many B-piece bondholders were reluctant to re-invest in

MAREJ
- Sep 14, 2016
SVN sells four property self storage portfolio
NY and CT — Connie Neville, SVN | C. M. Neville & Associates , Inc., Nick Malagisi, SVN | Commercial Realty, Hans Hardisty, SVN | Deegan- Collins Commercial Realty and Patrick Lemp, Valbridge Property Advisors| Italia & Lemp Inc. joined forces to sell a significant self-storage portfolio of four properties located in New York and Connecticut. The portfolio consisted of 228,037 net rentable s/f in 2,485 units. The properties were offered unpriced and were widely marketed to se

The Henley Group
- Aug 2, 2016
Shopping center rebounds post $10MM loan cut
We recently published a story about a distressed grocery-anchored Shopping Center with over 90,000 s/f available for rent representing over 50% of the total NRA. The road to recovery was paved with multiple obstacles:
•Property was 57% vacant
•$10MM over leveraged CMBS Loan vs. current Property value
•Weak tenant market & $3MM of TI required
•Special Servicer negotiation and document challenges
Working in lockstep, The Henley Group and the borrower were able to get the

R. Brenner Green, Real Property Capital, Inc.
- Jun 8, 2016
The current commercial mortgage market
It seems to me that one third of 2016 has slipped by very quickly, but not without quite a bit of news in the world of commercial real estate finance. A few notable observations so far this year, in no particular order, are as follows: 1.Bank consolidation – 2015 saw a flurry of bank acquisitions in the Delaware Valley market, and the pace has only increased in 2016. Off the top of my head Susquehanna Bank, National Penn Bank, Penn Liberty Bank, East River Bank, Continental B

David Goldfisher, The Henley Group
- Nov 19, 2015
Mid-Atlantic coastal warehouse owner wins property from servicer
A Lesson in CMBS Persistence – An Owner recently retained her 370,000 square foot warehouse distribution complex after being in default for four years with the Special Servicer. The Borrower made a few critical decisions that kept the Servicer from quickly foreclosing and allowed the Borrower time to stabilize the asset.The Owner’s property was sent to Special Servicing in early 2011 without much of a lifeline. The property went from 100% occupied to 100% vacant when a well-k


MAREJ
- Apr 21, 2015
Marcus & Millichap Philadelphia adds Chad Levitt
Philadelphia, PA — Chad Levitt joined the Philadelphia office of Marcus & Millichap Capital Corporation (MMCC) in March 2015. As a director with MMCC, Levitt is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, senior’s housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to, agency lenders (E.g. Fannie Mae, Fre


MAREJ
- Apr 14, 2015
CHC closes $8.5 million loan
CHATHAM, NJ — David Turley, Janet Proscia and Jeffrey Pacailler recently secured an $8.5 million CMBS loan for a Hampton Inn & Suites in a secondary Tennessee market. The loan amount represents the client’s entire cost basis in the property. CHC successfully obtained a loan at 65% LTV on a 10/25. The interest rate was locked in the low 4%’s at a spread of 195bps over the 10-year Swap rate. CHC was also able to negotiate a full wavier of cash management for DSCR, a very attra