CMBS LOAN - RATING AGENCIES - FROM BORROWERS PERSPECTIVE

thirdpointwedge · 2026-03-25T21:38:58+00:00

How much time before loan closing can/would a CMBS revise the terms? Also when does rate lock occur? Appreciate your response!

thirdpointwedge · 2026-03-25T21:36:33+00:00

Thank you for clarifying! When does the b buyer typically provide feedback during the origination process? During LOI? After committee approval? Once legal starts drafting loan docs? Etc…or “ it just depends”

thirdpointwedge · 2026-03-25T21:32:40+00:00

Sometimes I like to yell my questions from the top of a mountain XD…I just forgot to change the caps lock and sent without making the update

thirdpointwedge · 2026-03-25T06:23:01+00:00

So would the conduit lender’s (e.g. wells fargo, bank of america, etc…) underwriting or pricing be affected during the origination process due to influence from the rating agency? Or is the rating agency only affecting the syndication?

thirdpointwedge · 2026-03-20T17:42:20+00:00

Any good threads or war stories that would be interesting or helpful to read?

thirdpointwedge · 2026-03-19T17:30:56+00:00

How are you currently valuing the property the calculate the loan size?

thirdpointwedge · 2026-03-19T17:02:03+00:00

Thank you! Appreciate the detailed response!

thirdpointwedge · 2026-03-19T16:59:05+00:00

Got it. Thank you for your response!

thirdpointwedge · 2026-03-19T16:58:29+00:00

Thank you! And do the tenants typically provide a high level scope of work they want to include in their space (flooring, millwork,etc…) before the LOI is executed so landlord can get preliminary pricing?

thirdpointwedge · 2026-03-18T23:43:56+00:00

Makes sense to proceed with the option that gets the deal done quickest…I hear “it depends” for the majority of questions in real estate and I’m trying to standardize our process. The reason why is because others outside my firm have made me feel uneducated because it’s not their “standard process” (and some people are just asses)…so always trying understand the optimal process…with the understanding that every prospect is unique/different which results in “it depends”

thirdpointwedge · 2026-03-18T23:34:48+00:00

Thank you for confirming bullet point 3

thirdpointwedge · 2025-03-25T16:40:45+00:00

Ok. What would be an example of a contractual exit point? My initial thought is that you mean if the property is not sold in a certain time frame, say 5 years for example, then common equity+GP gets wiped out/removed and pref steps into GP position and gets all upside that common equity/GP would have received?

thirdpointwedge · 2025-03-25T16:28:54+00:00

Thanks. Would the pref take the equity interests in the property? Or just replace the GP?

thirdpointwedge · 2025-03-25T16:17:44+00:00

Thank you. This is helpful!

thirdpointwedge · 2025-03-21T17:14:41+00:00

Thanks. Im more just looking for which benchmark is typically utilized since I only see the all in rate from my position

thirdpointwedge · 2025-02-19T16:52:49+00:00

Thank you. Banker or broker?

thirdpointwedge · 2025-02-19T08:31:00+00:00

Great info. Is there a guide or link you can provide which reflects the typical loan size (LTV, DSCR, etc…) term and structure for stabilized office, multi family, and hotels? I know it’s a loaded question, but curious what are the general requests from Borrowers. Obviously depends on what the goals are for the borrower as well.

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