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| Commercial Updates |
July 2010 |
$2.3 BILLION IN TROUBLED CMBS LOANS COMING DUE IN NEXT 6 MONTHS - There are 960 fixed-rate loans representing $9.6 billion scheduled to mature by the end of the year, according to a Fitch Ratings' review of CMBS fixed-rate commercial loans. Of these 960 loans, 103 loans representing $2.3 billion (23.3%) are in special servicing. Of those in special servicing, 27 loans (representing 48% by balance) are current.
If you have a maturing CMBS loan, call us today. We are a correspondent for 14 Life Insurance Companies who are actively financing loans, offering record low interest rates.
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NEED FINANCING TO BUY A DISCOUNTED NOTE? - We represent private money sources that can finance the purchase of a commercial real estate note. Typical loan-to-value/loan-to-note purchase price is 65%. These loans are available for performing or non-performing loans. Lender prefers the collateral to be the main property types: apartments, office, industrial, self-storage, retail and mixed-use.
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| Recently Closed Deals |
Copper Pointe
$2,600,000
Office
Las Vegas, Nevada
Producer Steve Wood |
7-Eleven
$1,200,000
Retail
Hudson, Florida
Producer Brad Cox |
Dorman Crossings
$1,465,000
Retail
Spartanburg, South Carolina
Producer Doug Rozzell |
Corporate Center of Middleburg
$1,550,000
Office
Middleburg Heights, Ohio
Producer Steve Wood |
Dollar General
$860,000
Retail
Panama City, Florida
Producer Joe Dear |
Sandscove Court
$800,000
Industrial
Winter Park, Florida
Producer John Worrell |
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| Thomas D. Wood and Company Independent Mortgage Bankers |
| Thomas D. Wood and Company is the largest independently owned, leading commercial mortgage-banking firm in the southeast. Thomas D. Wood and Company has correspondent relationships with fourteen major life insurance companies in addition to its numerous Wall Street associations. Thomas D. Wood and Company’s servicing portfolio is now approaching $1 billion. This consists of long-term mortgages on a variety of commercial properties throughout the state of Florida. These properties include: retail, industrial, office buildings, mini storage, apartments, warehouses, senior housing communities, hotels and mobile home parks. |
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| Correspondent Lenders |
| Advantus Capital Management |
John Hancock Life |
| AIG Global Investments |
Kansas City Life |
| American Fidelity Assurance |
OneAmerica |
| Ameritas/Acacia Companies |
Southern Farm Bureau |
| AVIVA Capital Management |
The Standard |
| Genworth Financial |
Summit Investment Partners |
| Walker and Dunlop |
Woodmen of the World |
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