The Federal Emergency Management Agency (FEMA) has developed Flood Insurance Rate Maps (FIRM) for all land in the United States. FIRM are used by surveyors to determine the Flood Zone for all property secured by a CMBS loan, and the Flood Zone is required to be noted on all surveys for a CMBS … [Read more...] about 2.25.20: A PRIMER ON FLOOD INSURANCE FOR CMBS LOANS
5.14.18: Role of Insurance Companies in Commercial Real Estate Financing
Sam Davis, a partner at Camden Consulting Group, recently wrote about the role of insurance companies in commercial real estate finance for the Mortgage Bankers of America. Here is what Davis has to say: Through decades of experience, including many market cycles, insurers have developed loan … [Read more...] about 5.14.18: Role of Insurance Companies in Commercial Real Estate Financing
9.1.15: Life Insurance Companies Increase Commercial Real Estate Lending
Slowly and steadily, life insurance companies are increasing their commercial real estate lending. Market participants expect the industry’s current expansion to run for at least two or three more years, signaling a further pickup in life company lending volume. “It’s a robust environment,” said … [Read more...] about 9.1.15: Life Insurance Companies Increase Commercial Real Estate Lending
5.11.11: SBA and Flood Insurance – Check Private Sources in Addition to NFIP
ValueXpress recently obtained a commitment from its partner bank, Country Bank on a hotel located in Brooklyn, NY. A FEMA flood determination on form 81-93 required by the SBA found the property located in a Special Flood Hazard Area (SFHA). The SBA requires that borrowers obtain flood insurance … [Read more...] about 5.11.11: SBA and Flood Insurance – Check Private Sources in Addition to NFIP