|
|
|
|
|
Volume 3 - Number 12 | June 26, 2006
|
TOP STORY: Defeasance Providers Sharing Residual Value
By Erika Morphy
Since early 2005, Chatham Financial has been sharing 75% of the residual value of interest earned on securities that have been purchased to defease CMBS transactions. Before 2005, it was industry standard for the defeasance provider to keep all this money. But slowly, this practice is changing.
|
|
Continental Closes Four Deals in 30 Days
By Alex Finkelstein
Real estate investors William Weisman and Daniel Mandel asked Continental Real Estate Co. to find income-producing assets, typically retail or office properties, with value-added opportunities or stable properties with a good current yield. In just 30 days, Continental's Charles Anderson and Harry Blyden found three properties and refinanced a fourth for their clients.
|
|
More Concern Surfacing About Retail
By Erika Morphy
The outlook for retail is somewhat worrisome, says Lawrence Yun, senior economist with the National Association of Realtors. Rising energy costs and rising interest rates--dual influences threatening most segments of the economy--are likely to affect the performance of commercial retail sooner rather than later, he says.
|
|
Insider: Buchanan Street Partners’ Thomas Sherlock
By Alex Finkelstein
Thomas Sherlock is a shareholder and managing partner of Newport Beach, CA-based Buchanan Street Partners, responsible for the leadership and management of the firm’s debt and equity structured finance and investment sales disciplines. Sherlock talks exclusively with DEJ on the pros and cons of presale transactions.
|
|
|
|
|
|
|
|
|
