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Case Study: Note Sale - CMBS

Note Sale/Auction.com

 

Situation:

  • Property Type: Industrial
  • Property Size: 101,510 sq. ft.
  • Origination: Feb, 2001
  • Maturity: 3/1/16
  • Current Loan Balance: $7,752,820
  • Occupancy: 50.35 %
  • Debt Service Coverage Ratio: -.25 as of 2012
  • Location: Fremont, CA

Problem:

  • Two buildings in a challenged location. Needed to separate to facilitate user sale of one.

 

RESULTS

 

13% discount via note sale on Auction.com.

Servicer: CW Capital

 

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