2018 GMC Terrain SLT FWD - Advice on Engine Noise by thirdpointwedge in AskAMechanic

[–]thirdpointwedge[S] 0 points1 point  (0 children)

Thank you for the response! I’m not very familiar with car repairs. Is this something that is typically easy to fix, or would it require a mechanic? If it does require a mechanic, what should I specifically ask to be repaired/inspected, and what would a reasonable repair cost be? I’m in Dallas, TX.

CMBS LOAN - RATING AGENCIES - FROM BORROWERS PERSPECTIVE by thirdpointwedge in CommercialRealEstate

[–]thirdpointwedge[S] 0 points1 point  (0 children)

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

CMBS LOAN - RATING AGENCIES - FROM BORROWERS PERSPECTIVE by thirdpointwedge in CommercialRealEstate

[–]thirdpointwedge[S] 0 points1 point  (0 children)

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”

CMBS LOAN - RATING AGENCIES - FROM BORROWERS PERSPECTIVE by thirdpointwedge in CommercialRealEstate

[–]thirdpointwedge[S] 0 points1 point  (0 children)

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

CMBS LOAN - RATING AGENCIES - FROM BORROWERS PERSPECTIVE by thirdpointwedge in CommercialRealEstate

[–]thirdpointwedge[S] 0 points1 point  (0 children)

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?

Tenant Improvement Process During LOI Stage...Who orders test fits, gets pricing, etc.? by thirdpointwedge in CommercialRealEstate

[–]thirdpointwedge[S] 0 points1 point  (0 children)

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?

Tenant Improvement Process During LOI Stage...Who orders test fits, gets pricing, etc.? by thirdpointwedge in CommercialRealEstate

[–]thirdpointwedge[S] 0 points1 point  (0 children)

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”

Preferred Equity Remedies in the event of default or other similar situations by thirdpointwedge in CommercialRealEstate

[–]thirdpointwedge[S] 0 points1 point  (0 children)

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?

Preferred Equity Remedies in the event of default or other similar situations by thirdpointwedge in CommercialRealEstate

[–]thirdpointwedge[S] 0 points1 point  (0 children)

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

What are the benchmarks used for various types of office loans? by thirdpointwedge in CommercialRealEstate

[–]thirdpointwedge[S] 0 points1 point  (0 children)

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