1st Service Solutions

Syndicate content

1st Service Solutions Facilitates $11.9 Million Discount Payoff Agreement on Distressed CMBS Loan for Major Texas Office Building

November 2, 2010
1st Service Solutions, the first firm dedicated to serving as a borrower advocate in loan restructuring and assumptions, recently orchestrated an $11.9 million discount payoff (DPO) agreement on the commercial mortgage-backed securities (CMBS) loan for the owner of a 225,000 square-foot office building located in Texas.
Read More

1st Service Solutions Advises on $3M CMBS Loan Extension for Southern California Shopping Center Owner

September 27, 2010
1st Service Solutions, the first firm dedicated to serving as a borrower advocate in loan restructuring and assumptions, facilitated a $3 million commercial mortgage-backed securities (CMBS) loan extension for the owner and operator of a major retail shopping center developer located in Los Angeles County, California.
Read More

1st Service Solutions Advises on $6.7M CMBS Loan Assumption for Major Pennsylvania Self-Storage Owner

September 8, 2010
 1st Service Solutions, the first firm dedicated to serving as a borrower advocate in loan restructuring and assumptions, facilitated a $6.7 million commercial mortgage-backed securities (CMBS) loan assumption for two institutional-owned self-storage facilities located in Allentown and Bethlehem, Pa. 
Read More

1st Service Solutions’ Borrower Forum Webinar – How CMBS Loan Borrowers Can Work With Special Servicers in Today’s Market

September 8, 2010
Free Online Event To Take Place Thursday, September 16, 11 a.m. CDT 1st Service Solutions, the first firm dedicated to serving as a borrower advocate in loan restructuring and assumptions, is pleased to announce that its online Borrower Forum will take Thursday, September 16, from 11 a.m. – 12:30 p.m.
Read More

Demand for CMBS Loan Workouts Increases as More Borrowers Default

June 10, 2010
As more commercial real estate borrowers across the country are missing payments or defaulting on their commercial mortgage-backed securities (CMBS) loans, demand for special servicers to assist with workouts has increased exponentially. This June, the CMBS loan delinquency rate reached 8.4%, triple the level from last year according to Trepp.
Read More