Distressed CRE

Comment

Comment by Scott Barrie on September 30, 2009 at 10:22am

REMIC Rule Changes….will servicers adjust their strategy?

Borrowers may feel the day of reckoning has been delayed, but this is likely less of a positive for which CMBS market participants are giving it credit. Servicers are not going to be sitting idle with problems over the next twelve months given the maturing loan pipeline and increasing delinquency rate. This argues strongly against taking any decisive action today on a currently performing mortgage that is not due to mature until 2012. There is also the issue of how certain bond investors will feel given pre-emptive modifications. Actions taken ahead of perceived and expected problems will certainly have a dramatic impact on cash flows into a CMBS pool. Not everyone benefits in this scenario. Apart from the issues with bond investors and an increased workload at the servicer level, the prevailing wisdom acknowledges that the underwriting excesses of the past need to work their way out of the system. Modifications in many instances simply mute the symptoms but do not cure the illness.

Investcap Advisors LLC is a leader in providing CMBS surveillance data to market participants in the US and Canada. The management team has the unique experience of CMBS trading & portfolio management, lending & acquisitions and state of the art technology development and has combined these disciplines in Loan Advisor. We provide solutions for Commercial Lenders, Opportunity Funds, Banks and Real Estate Investment Firms.
Contact us at:

800-667-6007
www.investcapadvisors.com
http://investcapadvisors.blogspot.com/

Comment by Nadina Cole-Potter on September 27, 2009 at 4:06pm

AZ, CA, NV Commercial Property Owners/Brokers/Receivers/Attorneys – Expiring mortgage term? Overleveraged? High Vacancies? Reduced rent rates? Our clients are private equity investor funds ($5 million to $600 million under management) offering deals with JV-equity recapture plan for current owner. Patient money, serious management, minimum 5-year exit strategy. Want multi-tenant, operating Retail, Office, Showroom/Warehouse, A/B+ Multifamily or 100% owned “broken condo” deals. Will also consider sale/leasebacks to national credit tenant, leased property portfiolios, or discounted notes for such properties. Our clients are not hard-money lenders, vultures, or flippers. No land, subdivisions, hotels/motels, resorts, or mobile home/RV parks. Contact Nadina Cole-Potter, Lackman Commercial Group / Keller Williams Arizona Commercial, Scottsdale, Arizona. nadinac@lackmancommercialgroup.com. Brokers – referral fees and cooperation are negotiable if you can introduce us to the principals. Include a brief description of the property and the situation, your full contact information and connection to the property. Mutual Non-Disclosure, Non-Circumventions required. NO PRE-FORECLOSURES, LISTS, VAGUE “INTELLIGENCE” OR PUBLIC DOMAIN INFORMATION. BK AND RECEIVER-MANAGED PROPERTIES OK IF YOU ARE THE DEBTOR-IN-POSSESSION, DEBTOR ATTORNEY, LENDER ATTORNEY, RECEIVER, OR LISTING BROKER.

Comment by Matt Fagin on September 2, 2009 at 10:38am

I represent Capmark Finance on the sale of two retail REO properties. The first is a shopping center in Carbondale, IL. It is on the higher income side of town where there is good residential density. The second is a vacant Circuit City in Independence, MO. It is the best junior box location in the market. Please visit our website at www.central-realty.com for more information or feel free to contact me at 314-872-5557 x23 or faginm@central-realty.com.

Comment by Jeff Smith on July 18, 2009 at 1:54pm

New paradigm shifting Distressed Asset Solution a joint initiative of ARGUS, RIISnet and other leading industry service providers:

Take the Stress out of Distressed Asset Acquisition and Disposition!
This accumulation of distressed assets our industry has ever seen deserves a departure from convention...

ARGUS & RIISnet join forces to create the most efficient and comprehensive Distressed Asset Solution just in time for the largest accumulation of distressed assets our industry has ever seen.

There is no doubt that the processing and disposition of the massive amounts of distressed assets in the market today is the issue of the hour for commercial real estate. While the opportunities for education, networking and meaningful discussion on this topic are abundant, there are few consortiums with concrete action plans that take advantage of emerging technologies and efficient new methods for trading these assets.

A NYC based open forum will introduce ADAPT: Argus Distressed Asset Plan & Technology

Event Date: Next Thursday July 23rd 8:15pm to 4:30pm, lunch provided
The Distressed Asset Solution will be available in person or via Webex @ 10:30am to 11:30 am

Webex invites will be sent out Tuesday evening to email requests via CREOpoint event registration:

To register and view agenda: click here >> http://cp20.com/Tracking/t.c?7NoB-4eFY-EB0uf7

or email your requests to:

Mark Kingston mkingston@argussoftware.com or Jeff Smith jeff.smith@riisnet.com

ATZ powered by RIISnet Flash Overviews:
http://riisnet.com/Flash/RIISnetRealcomm.html
http://riisnet.com/Flash/RIISnetoverview.html

The web-based platform we will employ in this collaborative endeavor allows for instant electronic global access to assets and allows visibility to all stakeholders using password protected entry. The process of review, recommendation, workout and disposition is made highly efficient through the joint efforts of Alliance, ARGUS, and RIISnet.

The ARGUS Distressed Asset Plan & Technology (ADAPT) powered by RIISnet:
RIISnet's 21st century efficiencies combined with ARGUS' connectivity to the largest CRE database in the world and the addition of new financial solutions like ARGUS Request FC and ARGUS Online provides the most powerful Distressed Asset Solution, just in time to accommodate the largest accumulation of distressed assets our industry has ever seen.

Solution:

ADAPT allows for the standardized, confidential, real-time alignment of supply and demand criteria while providing the lender with key decision point analytics found nowhere else in the industry.

ADAPT provides the following solutions to enable supply to confidentially acquire key decision point analytics and demand aggregation:

• ARGUS Request FC and ARGUS Online
• ARGUS Transaction Zone's (ATZ) ability to align variable asset criteria with market cross-section demand
• ATZ asset management teams ability to triage assets in total confidentiality
• ATZ confidential buyer access and input

Result:

Lenders, in total anonymity can triage toxic assets, prepare them for sale, determine which assets will successively fail and when, quickly aggregate to specific demand and engage in anonymous or confidential discussions with key buyers.

Note: You must sign in or register as a member of CREOpoint before you may RSVP.

Mark and I welcome your participation and feedback.
Please contact us by email if you have any questions.

Jeff Smith
RIISnet, LLC, Founder & CEO
jeff.smith@riisnet.com www.riisnet.com

Comment by Shekhar Shah on June 23, 2009 at 1:48pm

Hi all, hope things are well. I am looking for distressed re opportunities in the NYC/NJ area is anyone has any leads. Thanks.

Comment by Michael R. O'Mara on June 15, 2009 at 4:39pm

Last week I attended the IMN event "US Real Estate Opportunity & Private Fund Investing Forum" and was curious if anyone else attend and what were your thoughts? Ton's of funds there, as you might expect, looking for distressed notes & real estate.

The best comment I heard was "We're still in batting practice", meaning the game really hasn’t begun yet for distressed CRE investing in any substantial way?? I can say I haven't seen much traction yet myself, but would welcome any feedback and networking opportunities within this group! I did manage to create a couple of good relationships with two different funds: $100M for retail & $50M for multi family.

Thanks,

Comment by Martha Paschal on June 11, 2009 at 11:22am

I've got a former borrower who did receivership work for Fannie in 1980s-90s, and would like to get back into that business line again, as well as boost their property management business. National platform, would like to focus on MF and retail. Anybody looking for this type of service?

Comment by Frances Allen on January 7, 2009 at 3:03pm

I have two large MF portfolios for sale - Atlanta area, 1582 units for $67,950,000 and the NE (IND, DE, MD) 2602 units for $235,590,000. Contact me for marketing packages. In addition I represent several banks in Florida, selling their lists of notes (performing and non performing) as well as reo's. Contact me at 407.509.6901 or at fran@flcommprop.com

Comment by Taylor B. Grant on December 4, 2008 at 11:41pm

A message from Michael R. O'Mara to all members of Distressed Property & Restructuring on CREOPoint!

Working with investment fund who exclusively purchases non-performing CP loans and is not averse to acquiring the “most distressed” segment of a lender’s CP loan portfolio. Their investment selection criteria typically targets loans 180+ days delinquent and we can be blind to both the collateral properties’ geographic location and percentage of completion.

If you are looking at defaulted loans in California, and you have never used a receiver, please contact me and I can explain how a receiver may be of help. Good luck.


Taylor B. Grant

www.taylorbgrant.com

Comment by Adam B. Cutler on December 2, 2008 at 4:13pm

Hi Grace, I am sourcing transactions for several parties at this point. The condos I mentioned earlier need to be in Florida. Please email me at acutler@firstam.com with information about your company.

Thanks
Adam

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