Yesterday (Sunday) was the first day of the 2012 MBA-CREF Convention. The theme or tag-line is “Where Market Makers Meet.” The formal sessions start today, which cover content planned by the various councils comprising the MBA. Some times the “off the record” content is just as interesting as the planned presentations. (Or maybe they just… Continue Reading
Tag Archives: co-lender
Navigating Distressed Co-Lender Loans: Just Another (Dysfunctional) Modern (Finance) Family?
Posted in Market Trends, Tough Times for Lenders, Workout IssuesEarlier, I offered up some advice that in a workout, you really can’t take it personally. If that didn’t work for you, then here’s another approach that should resonate (I can’t get it out of my head): if you’re in a loan with other lenders, the co-lender structure probably has some real, real, real dysfunctional aspects to it … Continue Reading
Recent Case Points To Most Difficult Part Of Distressed Debt: the Lenders
Posted in Tough Times for Lenders, Workout IssuesAn article by Chad Eric Watt with the Dallas Business Journal gives a "real life" example of the nature of the "disputes" between lenders, when a loan goes into the ditch and the credit stack has multiple lenders. In his discussion of a Texas court decision involving Orix Finance and NexBank, Chad addresses the bigger picture… Continue Reading
Lender Liability: Lender Suing Lender – The “New” Reality?
Posted in Lender Liability, Tough Times for LendersThe Zerohedge Blog [link] reports on a NY state court filing related to the high-profile Extended Stay Motel bankruptcy case. Zerohedge focuses on the hedge fund involvement in the case. I view it as the beginning of the lender liability battles between classes of lenders. Over the past several months, we’ve been giving presentations to our clients… Continue Reading
Into the Looking Glass: Will the Next Dagger Be Loss Rates at Regional and Local Banks?
Posted in Market Trends, Tough Times for LendersLast Thursday, the Joint Economic Committee of our U.S. Congress heard testimony calling for the "return" of the CMBS market as a means to promote the recovery of the U.S. commercial real estate finance markets. Attached (PDF) is the testimony of Richard Parkus (who, of course, expressed his personal view and NOT those of his employer). (His… Continue Reading
Co-Lender Mortgage Loan Structures: Understanding the Lender Structure is Critical (Second of Two-Part Series)
Posted in Tough Times for Lenders, Workout IssuesThis is the second of a two-part series (PART ONE) covering initial due diligence topics for workouts involving co-lender structures, with a focus solely on the participated or syndicated co-lender structure. The series is not a comprehensive listing of possible issues on this topic, but merely a basis template to assist you as you review… Continue Reading
Co-Lender Mortgage Loan Structures: Understanding the Lender Structure is Critical (First of Two-Part Series)
Posted in Tough Times for Lenders, Workout Issues1st in a series of 2 postings Much of the focus in the media on troubled real estate debt focuses on sophisticated debt structures, or on investors holding bonds in pools of loans. This focus, however, misses an important, intermediate player between these two ends of the barbell: the real estate lender. In several real… Continue Reading