Kroll Bond Rating Agency, Inc. (Kroll) recently released a special report on an auction of real estate properties that were occupied by Toys “R” Us. The auction was conducted over a two-day period on August 13 and 14, 2018. Of the total 246 properties, 123 partially secure a $512-million loan that … [Read more...] about 8.27.18: Kroll Special Report: TRU 2016-TOYS Auction Results
ValueXpress is passing through to borrowers a pricing special effective on Freddie Mac Small Balance Loans (SBL). Applications for the purchase or refinance of multifamily properties with special pricing begin March 15, 2018. Borrowers will receive a 10-basis-point reduction from published rates … [Read more...] about 3.9.18: Freddie Mac Small Balance Program Offers a Blue Light Special!
With the potential demise of Kmart the old “Blue Light Special” may become a thing of the past. Kmart became known for its "Blue Light Specials" that occurred at surprise moments when a store worker would light up a mobile police light and offer a discount in a specific department of the store, … [Read more...] about 7.26.17: Today’s Blue Light Special … a Refund of Your CMBS Good Faith Deposit at Closing
Commercial mortgage-backed securities special servicers turned to creative workout strategies when volume reached $81.7 billion at the end of the first quarter, according to Fitch Ratings, New York. Nearly 5,000 loans in special servicing rapidly increased workload and staff. "Special servicers are … [Read more...] about 5.21.10: CMBS Special Servicers Have Their Hands Full