matures Loan pays out on balloon date Interest accrues at money market rates while these amounts are sitting in the Successor Borrower's cash account (float) Under Rating Agency guidelines, the "float" generated by this mismatch cannot be factored into the structuring of the defeasance...
Commercial mortgage loans that are: Originated Pooled Rated by a rating agency Sold as a security Trustee Oversees Pool Servicer (Master Svcr, Sub-Svcrs) Collects CF Special Sevicer Deals with defaults, workouts CMBS - Servicers and Lingo Real Estate Mortgage Investment Conduit (REMIC) Pooling...