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CMBS 201: Servicing - Participants and Processes

Join us for an on-demand series examining the role of servicers at a time when there is heightened focus on how commercial real estate markets will manage challenges brought about by higher interest rates and a wave of maturing property debt.

In addition to getting an overview of different CMBS transaction types, this series will introduce attendees to key participants in a securitization – borrowers, originators, and investment banks – and examine the unique role of primary servicers, master servicers and special servicers. This deep dive into the world of servicers will look at how these market participants are compensated, review legal documentation such as Pooling and Servicing Agreements that govern loan servicing, examine servicer interaction with borrowers, and review how they maximize recoveries on defaulted loans.

This program will cover:
  • The transaction timeline on how loans are pooled for a securitization,
  • The process involved with deal structuring,
  • Rating agency reviews, and
  • The different stages of a CMBS transaction from premarketing to deal closing.