Presentation for: 1ST SERVICE SOLUTIONS Presented by: Ann Hambly, Founder and CEO
Speakers Ann Hambly Tim Looney Rob Seidenwurm Founder & CEO Borrower Advocate SVP of Legal Outreach Broker Relations
CMBS Assumptions CURRENT PROPOSED Sponsor Property Manager Guarantor(s) Net Worth & Liquidity
CMBS Maturity Market
2015 CMBS Maturities (by LTV) Loan to Value • $86.9 Billion 100+% 90-100% 80-90% • 8,231 Loans Below 80% as reported by Morningstar
2016 CMBS Maturities (by LTV) Loan to Value • $128.07 Billion 100+% 90-100% 80-90% • 8,804 Loans Below 80% as reported by Morningstar
2017 CMBS Maturities (by LTV) Loan to Value • $123.99 Billion 100+% 90-100% 80-90% • 8,574 Loans Below 80% as reported by Morningstar
Multifamily & Senior Housing Only
2015 CMBS Maturities (by LTV) Multifamily Senior Housing • $5.07 Billion • 743 Loans as reported by Morningstar Loan to Value 100+% 90-100% 80-90% Below 80%
2016 CMBS Maturities (by LTV) Multifamily Senior Housing • $24.02 Billion • 2,169 Loans as reported by Morningstar Loan to Value 100+% 90-100% 80-90% Below 80%
2017 CMBS Maturities (by LTV) Multifamily Senior Housing • $25.24 Billion • 3,092 Loans as reported by Morningstar Loan to Value 100+% 90-100% 80-90% Below 80%
Payoff Timing 4/1 Defeasance Required 5/1 Open Period 6/1 7/1 8/1 Maturity Date *8/2 Forbearance or Late Fee 9/1 10/1 11/1 Extension 12/1 1/1 2/1 3/1
LTV Test < 80% 80% - 90% 90% - 100% > 100% X Discounted Payoff X Short Sale X X Extension
Contact Us Ann Hambly Founder & CEO Phone: (817) 756-7220 Email: ahambly@1stsss.com Tim Looney Borrower Advocate / Broker Relations Phone: (817) 778-4917 Email: tlooney@1stsss.com www.1stsss.com
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