MORNINGSTAR – Monthly CMBS Special Servicing Activity- December 2013 (November 2013 Remittance)

 

 

 

 

 

 

 

My Golden Rule of Networking is simple: Don’t keep score.
Harvey Mackay

 

Morningstar Research-Special Servicing Activity – December 2013 (Novembe…

Liquidations

With the November 2013 remittance, 115 CMBS loans were liquidated with a pre-liquidation unpaid balance of $1.6 billion. Realized losses on these loans totaled $635 million, representing a 41% loss severity. Morningstar’s projected loss on these same loans was $717 million, or a 46% loss severity. In the previous month, 83 CMBS loans were liquidated with a pre-liquidation unpaid balance of $1.1 billion. Realized losses on these loans totaled $387 million, representing a 35% loss severity. Morningstar’s projected loss on these same loans was $444 million. In

September 2013, 96 CMBS loans were liquidated with a pre-liquidation unpaid balance of $877 million. Realized losses on these loanstotaled $380 million, representing a 43% loss severity. Comparing quite favorably, Morningstar’s projected loss on these same loanswas $376 million. This activity remains low when compared to the record high $2.2 billion in liquidations across 136 loans in July 2013, affected substantially by a massive liquidation in LBUB07C2, from which 21 loans totaling $773 million were liquidated. This is displayed in Chart 1 below.

 

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Morningstar Research-Special Servicing Activity – December 2013 (Novembe…

 

a little about me and my expertise – video

                    

LAND SPECIALIST – LAND EXPERT – INVESTMENT BROKER – ARIZONA

https://www.youtube.com/watch?v=PPs3kpKR4nY

 

http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history

3

Facts of Arizona – year 1848 to 2013

http://walter-unger.com/?p=9507

 

4.

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.

 

 

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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.

 

WHETHER YOU LEASE OR OWN

NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.

 

we are at on the a rise of the cycle in Commercial Real Estate.  so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix.  The prices on deals I may get you will not be around forever.

 

WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME

  We barely could give land away the last few years, but times are changing.  Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.

 

If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us. 

 

Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207 or Office:480-948-5554

 

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PLEASE NOTE, I CHANGED BROKERAGES BUT CELL PHONE AND E-MAIL STAY THE SAME. 

 

Thank You

Walter

Walter Unger CCIM

Associate Broker,  West USA Commercial Real Estate Advisers

7077 E. Marilyn Road, Bldg 4, Suite 130

Scottsdale, AZ 85254

Cell:      520-975-5207   

Office :  480-948-5554

Fax: (480-658-1172  

walterunger@ccim.net

 

View my listings and my profile at:

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www.Walter-Unger.com             

 

a little about me and my expertise – video

 

commercial-investment real estate adviser-land specialist

 

https://www.youtube.com/watch?v=PPs3kpKR4nY

 

What is a CCIM?

 

 

Delivering the New Standard of Excellence in Commercial Real Estate 

 

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