Tag Archives: CMBS

CMBS Information Leader Trepp Acquires Foresight Analytics

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New York, NY (PRWEB) February 25, 2010

Trepp, the leading provider of CMBS and commercial mortgage information, analytics and technology to the global banking and investment management industry, today announced it has agreed to acquire Foresight Analytics LLC, a privately held, California-based company. Foresight Analytics provides real estate analysis for commercial and residential real estate in both domestic and international markets on behalf of institutional investors, lenders and developers. Terms of the deal were not disclosed.

Foresight was founded by Matt Anderson and Susan Persin, who together have over 40 years of expertise in real estate, banking and capital markets research. The company quickly developed a strong reputation for its global real estate market insights on both the commercial and residential markets as well as the commercial banking industry.

As real estate fundamentals continue to deteriorate, Trepp is committed to expanding the value delivered to our clients, said Annemarie DiCola, CEO of Trepp. Foresight has terrific name recognition and great respect in the marketplace. We expect that they will quickly add even more depth to our offerings.

The acquisition of Foresight offers immediate benefit to Trepp clients by providing deeper and more expansive commercial real estate expertise. Shortly, Foresight Analytics research will be available to clients of Trepps CMBS Analytics and TreppLoan products.

We are delighted to be joining the Trepp team. Trepps market reputation is second to none, said Foresight co-founder Matt Anderson. Susan Persin, co-founder of Foresight, added, This transaction provides Foresight with the scale and resources we need to reach a broader commercial real estate audience to provide more timely and relevant analysis on the shifting CRE landscape.

As the commercial real estate industry navigates this challenging period, Trepp remains committed to providing its clients with superior information and analytics. With Foresight we add complementary know-how that will provide clients with a deeper view of the securitized and non-securitized mortgage markets, added Andy Leibman, Senior Vice President of Trepp.

About Trepp:

Trepp LLC, headquartered in New York City, is an established independent provider of CMBS and commercial real estate information, analytics and technology in the securities and investment management industry. Trepp serves the needs of both the primary and secondary markets by providing one of the largest commercially available trading quality CMBS deal libraries, as well as a suite of products for the CRE derivatives and whole loan markets. Trepp’s clients include broker dealers, commercial banks, asset managers, and investors.

About Foresight Analytics:

Foresight Analytics LLC is a California-based provider of real estate market consulting services. It focuses on real estate market analysis and forecasting, for commercial and residential product types, in both domestic and international markets. Clients are mainly institutional investors, lenders and developers. Foresight offers standardized reports, custom reports and consulting assignments, and senior personnel are also available for presentations and meetings.

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Hackman Capital Affiliate Closes On $5 Million CMBS Loan

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Culver City, CA (Vocus/PRWEB) January 26, 2011

Hackman Capital, a privately-held industrial and commercial real estate investment firm, announced today, on behalf of its affiliate, the closing of a $ 5 million loan to permanently finance the acquisition of three creative office buildings in Culver City, California. The office, recording and production studios, totaling 32,248 square feet, are 100% leased by Westwood One. Inc., the country’s largest independent provider of network radio programming and traffic information. The Hackman Capital affiliate acquired the portfolio in an all-cash, sale-leaseback transaction in December 2009.

The non-recourse financing was arranged by Los Angeles based capital markets advisor, Verona Capital Markets(VCM), who obtained the loan from a major Wall Street investment bank. The loan provided 10-year, fixed-rate financing with a 30-year amortization period and a 5.99% coupon. The proceeds of the loan were used to repatriate equity to the sponsor and its investors.

VCM was able to mitigate the risk associated with a single, non-investment grade tenant by highlighting the superior sponsorship behind the transaction, including its track record of operational excellence across its portfolio and its extensive experience in the Culver City submarket, said Eliav Dan, VCM’s managing principal. In addition to highlighting Westwood Ones longstanding occupancy of the buildings and the financial commitment of its majority equity stakeholder, local private equity firm The Gores Group, Dan noted that VCM assuaged the lenders concern regarding a downside scenario by emphasizing the location of the project in reinvigorated downtown Culver City, the fungibility of the buildings, the loan amount relative to land value and the go-dark value of the buildings.

According to Michael Hackman, founder and CEO of Hackman Capital, this deal is yet another example of the the vitality of the Culver City submarket. “One of the west side’s most progressive and rapidly growing areas, and a destination for creative businesses, Culver City is a vibrant community, ” said Hackman. “We are expanding our footprint here for good reasons.”

Hackman Capital, which is based in Los Angeles, has been investing in industrial and office properties since 1986. Although the company and its affiliates have a large national presence, with an existing portfolio including more than 56 buildings and 16 million square feet in markets across the country, the company is proceeding with investment strategies focusing on Southern California and the West Coast.

Of the 13 properties Hackman Capital affiliates already own in Southern California, five are in Culver City. The three Westwood One Studios are located in the Hayden-Higuera district at 8960 Washington (9,668 square feet), 8966 Washington Boulevard (14,780 square feet) and 8944 Lindblade Street (7,980 square feet).

More about Hackman Capital

Hackman Capital specializes in the acquisition, management, redevelopment and adaptive re-use of industrial and office real estate. Founded in 1986, Hackman Capital has acquired or developed more than a billion dollars of property on behalf of the company, various investment funds and institutional clients. The company manages all aspects of the real estate process, from acquisition through asset management and disposition, and offers services including property and asset management, construction management, marketing and leasing, finance and administrative functions, legal, compliance and investor relations. Hackman Capital currently manages for its affiliates a portfolio of more than 16 million square feet, including 56 buildings and 750 acres of developable land. The

company is based in Los Angeles, California.

For more information about the company, please visit http://www.hackmancapital.com

More about Verona Capital Markets Inc.

Verona Capital Markets Inc. is a full service real estate investment banking and capital markets advisory firm based in Los Angeles. VCM specializes in arranging structured debt and equity financing for all types of commercial real estate investments throughout the country and represents financial institutions in connection with the disposition of performing and non-performing notes and REO. In their previous capacities as lenders and lenders counsel, respectively, our principals have been involved in virtually every facet of the securitized lending process, including loan origination, structuring, underwriting and documentation.

For more information about VCM, please visit http://www.veronacapitalmarkets.com.







More Securitization Press Releases

WeGoLook Announces Industrial Mortgage loan Backed Securities (CMBS) Houses Verification

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Nationwide, United states of america (PRWEB) September 07, 2012

Like other house loan backed securities, a business mortgage loan backed security is designed when a lender requires a group of financial loans (commercial financial loans) that it has on its guides, bundles them collectively, and sells them in a securitized kind as a collection of bonds to investors. These bonds range in yields and are assigned credit score ratings, by nationally acknowledged businesses, ranging through the different investment decision grades (AAA, AA, and so forth.). These bond rankings enjoy an important role when assigning the tranches (bonds) to senior or subordinate stages in which the most senior tranches typically receive reimbursement of principal very first and therefore have the cheapest risk.

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The CMBS industry has a couple of primary members, notably the Primary Servicer, the Learn Servicer and the Particular Servicer. The Primary Servicer is the firm that monitors or manages the bank loan. They could be the originator of the bank loan or just a third get together but largely they maintain direct make contact with with the borrower. The Master Servicer then sub-contracts out loan administration responsibilities as well as see the mortgage through to its maturity until a default happens. The Learn Servicer also manages the stream of payment and has an ongoing interaction with the Primary Servicer. After a default happens or a bank loan is judged to be in imminent default the mortgage is then transferred to a Specific Servicer. The Particular Servicer is then responsible for the management and resolution of the defaulted bank loan. They also get over all authority for the loan. At present, Unique Servicing tends to make up 13% of the complete CMBS industry and is broken up as demonstrated in this graph.

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When a Unique Servicer 1st receives a financial loan delegated to them, they normally know nothing about the financial loan, the circumstance, or the home alone. Because of this, Particular Servicers normally follow a procedure, inorder to thouroughly recognize the situation, in which 1 of the most critical methods is the owing diligence on the home web site itself.

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Several organizations are understanding of how WeGoLook

Report Details to Enhanced Appetite for Distressed Business True Estate Supported by Low Borrowing Costs in 2012 and 2013 CMBS Delinquency Charge Falls Below ten%

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San Francisco, CA (PRWEB) Oct 23, 2012

There is a alter in the U.S. professional mortgage loan-backed securities (CMBS) sector. The U.S. CMBS Delinquency Report, launched by the New York-based research and consulting firm Trepp, indicates that the distressed business genuine estate business is in fairly greater well being.”The CMBS market place is on its firmest footing in 4 a long time,” explained Manus Clancy, senior taking care of director of Trepp. In truth, the delinquency charge for CMBS loans fell fourteen foundation factors to nine.99% in September. This delivers the price below 10% for the 1st time since April.

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The Trepp report claims that CMBS issuance amounts rose, and delinquency stages have contracted. Trepp, LLC, is a top provider of information, analytics and technologies to the CMBS, business real estate and banking markets,

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Even so, undesirable personal debt and matured financial loans nonetheless linger, and need to have to be cleared out of the method or be reworked. Trepp studies that there ended up all around $ 3.three billion of freshly delinquent loans in September. The addition of these financial loans to the delinquent loan group offered upward pressure on the charge. With the very same sum of freshly delinquent financial loans in August, the effect on the rate was similar.

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Trepp stories that the hunger for distressed actual estate remains large amid traders, even though borrowing fees continue being incredibly lower. This need to allow particular servicers to function at a substantial speed for the foreseeable long term. The CMBS new issuance market place has also observed a resurgence above the last three months, leading the market to increase its anticipations for securitization volume above the subsequent six months. As new discounts are likely to carry out very well, they need to help to dilute the negative legacy loans that still exist.

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Plainly, the chance to get distressed industrial actual estate at lower charges is listed here, and the moment for entry into the marketplace is now, as competitiveness for obtainable assets will only grow to be steeper in the around potential. To get the very best of the distressed business market, however, analysts say that customers require to get to out straight to sellers and to negotiate individual-to-man or woman, or use a specialist like Genesis Funds. Even at this stage in the cycle, proprietors are locating it tough to settle for the reduce valuations that the put up-crisis period of time has introduced in. Skilled negotiators can get past this psychological obstacle.

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About Genesis Cash &#13

Genesis Funds provides a unique discussion board for distressed and off market property. Genesis sources off market place assets from private clients and from banks for chance consumers. Assets might or may not be distressed, but they are constantly off market place. Genesis operates principal to principal only (no brokers) and retains costs minimal.

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In Spite of Tight Credit score, CMBS Loans Still Offered In accordance to Clopton Cash

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Chicago, IL (PRWEB) November ten, 2012

Clopton Capital, a supplier of several sorts of professional loans including CMBS financial loans, is stating officially that CMBS not only nevertheless exist, but are in numerous instances they feel they are much more beneficial than at any time. CMBS financial loans, or commercial mortgage loan backed securities loans, are primarily a variety of business mortgage that is funded by traders and the place buyers enjoy profits or losses from the good results of the CMBS loan that is granted to a borrower. Clopton Funds has noticed an enhance in pessimism surrounding these loans over the earlier many years due to a lot of borrower’s shared perception that they are in essence non-existent in the current commercial lending ambiance. Despite what numerous debtors may possibly assume, industrial mortgage loan back again securities loans are commonly offered. Not only are they accessible but they are available without exit charges and extended conditions as extended as thirty years with our firm particularly, explained Jake Clopton, the founder of Clopton Funds.

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Clopton Money is formally saying a increased emphasis on underwriting CMBS financial loans inside of their business. This is to say that they intend to market to far more verified customers of CMBS loans and make higher efforts to make use of these mechanisms exactly where it is witnessed in shape to do so. The company will more than likely also start an extra website to their portfolio of web sites to encourage this commercial lending merchandise explicitly.

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Clopton Funds is a nationwide originator of CMBS loans which follow the expectations set by the CMBS securitization market. The organization markets loans to the various conduits available through institutional entry in purchase to attain the most competitive pricing and terms for its clientele.

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For a lot more data about CMBS loans from Clopton Cash, check out http://CloptonCapital.com/cmbsloans.html.

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Clopton Funds Announces Significant Lower in CMBS Loan Delinquency

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Chicago, IL (PRWEB) December 03, 2012

Clopton Cash, a service provider of a variety of kinds of professional loans including CMBS financial loans, is asserting that their sources display a portion of a one percent lower in professional house loan delinquencies in the very last two months. The company feels this is a indicator that CMBS financial loans are a lot more stable and are probably heading to a lot more accessible than at any time in the coming several years. Professional mortgage loan backed stability loans are typically perceived as non-existent or heading the way of the dodo. It is thought by numerous that thanks to unrelated but substantial difficulties in other sorts of securitized mortgages that these financial loans are going to grow to be much less beneficial institutional investments in the coming years. I wholeheartedly disagree, mentioned Jake Clopton, the founder of Clopton Capital.

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Clopton Capital’s long term programs are to keep on using CMBS financial loans as a signifies for producing competitive and inexpensive accessibility to professional funds in the US commercial lending market. CMBS financial loans are right here to stay. They offer an efficient conduit amongst institutional cash and person debtors. If I knew of a greater way to get accessible business credit score for interest prices as minimal, I would then employ it in lieu of CMBS financial loans, stated Jake Clopton.

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Business genuine estate homeowners and business proprietors intrigued in industrial financial loans or CMBS loans exclusively are urged by Clopton Cash to study them at CloptonCapital.com/cmbsloans.html. The organization can also be achieved at 866.647.1650.

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