1st Service Solutions, Inc.

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Insider Knowledge: 2025 Assumptions After putting in the work to get a deal to the finish line, the last thing you want is for it to fall apart. With 20 years of experience expediting CMBS loan assumptions, we know exactly what causes buyers to walk away—and how to prevent it. Join us on April 17th at 2 PM CT for this exclusive 30-minute webinar, where we’ll break down the top deal-killers and how to prevent them. Register here: https://lnkd.in/g_GXhGvt

EXCLUSIVE BROKER-ONLY WEBINAR 📅 April 17th   ⏰ 2 PM CT After putting in the work to get a deal to the finish line, the last thing you want is for it to fall apart. With 20 years of experience expediting CMBS loan assumptions, we know exactly what causes buyers to walk away—and how to prevent it. Join us for this exclusive 30-minute webinar, where we’ll break down the top deal-killers and how to prevent them. Register now to learn how to keep your transactions on track! https://lnkd.in/g_GXhGvt

1st Service Solutions Negotiation Averts $10M Default, Saves $500K, Generates 20% Return. Experiencing declining market conditions, a multi-tenant Ohio office property with negative cash flow faced default on a $10-million loan. 1st Service Solutions successfully negotiated an interest-only payment modification, a waiver of default fees, and a $500,000 reduction in the lender's required borrower contribution. During the 15-month negotiation, we leveraged reserve funds to avoid receivership and secured a 20% preferred return for the borrower's new equity. Need a borrower advocate on your commercial property loan? Contact 1st Service Solutions at team@creadvisors.1stsss.com #commercialproperty #cmbs #office

Join us for our next webinar on March 11th at 11 AM CT with Lonnie Hendry, CRE, CPO of Trepp, and @Michael Fratantoni, Chief Economist of the Mortgage Bankers Association, to discuss the main drivers behind the significant uptick in multifamily distress, what lenders are doing at maturity of multifamily loans, and where the opportunities lie. Space is limited - register now at https://lnkd.in/gNfxqRMK

A 300-unit multifamily property in Texas was losing money due to rising interest rates since mid-2022 on a floating-rate loan. The loan was nearing its 2025 maturity, and although it could be extended, the property didn’t meet the necessary financial requirements. Initially, the lender wanted a $10 million payment to extend the loan, but 1st Service Solutions successfully negotiated a two-year extension without conditions or a paydown. Need a borrower advocate on your commercial property loan? Contact 1st Service Solutions at team@creadvisors.1stsss.com #commercialproperty #cmbs #multifamily

Now celebrating its 20th year as the nation’s leading commercial borrower advocate, 1st Service Solutions, Inc. has advocated on $38.6 billion in commercial loan workouts. During 2024 alone, the firm consulted on over $12 billion in commercial debt, with workouts totaling $3.4 billion and assumptions totaling $1.3 billion. https://1stsss.com/ #commercialrealestate #cmbs #crefinance #commercialmortgage

Now celebrating its 20th year as the nation’s leading commercial borrower advocate, 1st Service Solutions, Inc. has advocated on $38.6 billion in commercial loan workouts. During 2024 alone, the firm consulted on over $12 billion in commercial debt, with workouts totaling $3.4 billion and assumptions totaling $1.3 billion. https://1stsss.com/ #commercialrealestate #cmbs #crefinance #commercialmortgage

If a CMBS loan fails to pay off at maturity, it is transferred to special servicing, triggering a new property appraisal. Recently, many of these appraisals have shown values below the outstanding loan amounts, particularly for office properties, where values are averaging about 40% lower. This directly impacts bondholders, particularly the Controlling Class Representatives (CCRs), who now face potential investment losses. Since CCRs have the authority to approve and direct certain actions of the special servicer, their involvement has become more assertive as final maturity dates approach. This shift presents opportunities for property owners but also signals unprecedented changes in the market. In this environment, it is critical to approach servicers with the right strategy. Don't miss this webinar with Pat Sargent of Alston & Bird on January 21st at 11 AM CT. We will discuss the changes we're seeing and how they affect negotiations with the special servicer. Register here: https://lnkd.in/gNfxqRMK