Fairview Real Estate Solutions today introduced a new tool designed to give traders and investors in commercial mortgage-backed securities (CMBS) immediate access to verified data, 24/7 analysis and local market intelligence they need to make the best investment decisions.
QuietStream Financial, a national commercial real estate services company headquartered in Charlotte, is proud to announce that they have raised nearly $5,000 and 552 pounds of food to support Second Harvest Food Bank of Metrolina.
TCAM, a leading investment manager and consultant in the affordable housing industry, today announced its role in the recent acquisitions by the Housing Partnership Equity Trust (“Equity Trust” or “HPET”) of Damen Court Apartments, a 150-unit Section 8 property in Chicago, Illinois and Mallard Point Apartments a 173-unit development in Channahon, Illinois. The Equity Trust worked with Hispanic Housing Development Corporation (“HHDC”) to acquire Damen Court and Mallard Point, preserving critical affordable housing.
Commercial Defeasance, LLC just announced the simultaneous defeasance of $150 million of CMBS loans for a luxury resort in Miami, Florida owned by Loews Hotels. The defeasance, a substitution of government securities for the real estate collateral securing the loan, was structured as a New York-style defeasance and combined loans in three different securitizations into one transaction.
TCAM announced today that it has been engaged by an owner to provide third-party asset management services for a portfolio of tax credit properties located in Texas.
TCAM’s services include property management oversight, financial monitoring and reporting, risk mitigation, compliance monitoring, and physical site inspections. This engagement will expand the capacity of the owner and help it meet its cash optimization goals and regulatory requirements.
DIF, an independent fund management company with an extensive global portfolio of solar projects, has chosen Radian Generation, LLC to provide commercial and technical asset management services for more than 65MW of solar projects in Ontario, Canada.
TCAM’s next asset management training seminar will be held at our Boston office during January 13-14, 2015. The seminar will cover the essential elements of affordable housing asset management with real-life examples and materials provided for future reference. Topics covered during the seminar will include the following:
Ten years ago, it was very easy to get a loan. Property values combined with low interest rates and loose underwriting standards created an unsustainable “golden age of CMBS originations.” Now, all of those loans originated before the Great Recession are approaching maturity but in a very different refinancing landscape.
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