Often a borrower wants a quick answer on whether a hotel is eligible for a CMBS conduit loan without providing much information. A way to make a quick assessment is to look at TripAdvisor reviews. But before that, the first step in making an assessment is to “google” the address and look at the … [Read more...] about 4.11.18: A Quick Test to Determine Hotel Eligibility for a CMBS Conduit Loan
7.18.17: … While Using Debt Yield Allows for a Quick Size of a CMBS Conduit Loan
When time does not permit for a detailed loan sizing analysis, a reasonably accurate shortcut method can roughly determine the maximum CMBS conduit loan amount that can be offered to a borrower. The method utilizes a metric called “debt yield,” which is defined as the property net cash flow for the … [Read more...] about 7.18.17: … While Using Debt Yield Allows for a Quick Size of a CMBS Conduit Loan
9.28.12: A Quick Look at New Issue CMBS Loan Underwriting
According to research by CS First Boston, one concern about the increasing rate of CMBS issuance is that the quality of underwriting has deteriorated quickly, as originators stretch in terms of credit quality, in order to increase the volume of loans coming to the market. With this in mind, CS First … [Read more...] about 9.28.12: A Quick Look at New Issue CMBS Loan Underwriting
