The commercial real estate community has a powerful source of financing
today. Leading the way in this marketplace is a
unique company - MMR Realty Advisors -a full service commercial mortgage
company active in all aspects of today's market, including:
- Financing and refinancing properties;
- Assembling and structuring loan securitizations;
- Third party servicing of mortgage pools;
- Investing it's clients capital in loans
and CMBS for the long term.
MMR is the originator of first choice for
multifamily and commercial real estate. Representing private, institutional
and publicly traded corporate investors, MMR has developed into a savvy
commercial mortgage banker. Guiding its clients through uncharted waters
and navigating the obstacle courses of the financial community has made
MMR Realty Advisors a commercial mortgage and due diligence contractor
of first resort.
MMR
is an ideal source of income property financing. While expert at helping
borrowers facilitate the byways of the new commercial mortgage market,
MMR serves as a "Mortgage Banker and Due Diligence Contractor" in the
traditional sense. Its all-in-one operation, combined with its financial
contacts, make MMR a single, seamless financing organization borrowers
can deal with throughout the life of a loan. Borrowers benefit from increased
efficiency, flexible terms, tighter pricing spreads, quicker closings
and a Mortgage Banker interested in seeing that each loan succeeds over
the long run.
The commercial mortgage market has undergone
a dramatic transformation during the last five years. The marketplace
is no longer composed only of financial institutions, insurance companies
and others that hold individual whole loans. Today, many new mortgages
on income-producing real estate go into pools.
Despite
the growth of CMBS and commercial securitization, these techniques have
only begun to penetrate the market. Today, less than eight percent of
the nearly $2 trillion of outstanding commercial mortgage assets in the
U.S. have been securitized. This stands in stark contrast to the single-family
market, where roughly half of the home loans outstanding today have been
securitized by Freddie Mac, Fannie Mae, Ginnie Mae and others.
Three factors point to the growth and development
of CMBS in coming years:
First... securitized mortgage products
appeal to a wider range of investors than traditional loans. Broadening
the base of potential investors helps to create a more liquid and efficient
market for financing commercial real estate.
Second... traditional lenders such
as commercial banks and insurance companies are increasing their involvement
in the CMBS market. Both banks and life companies have been saddled with
reserve requirements that make it less economical to hold traditional
whole loans for the long term. Securitization is more capital-efficient
and liquid strategy for these institutional investors.
Third... the future securitization
pipeline is huge - coming chiefly from the purchase or refinancing of
existing properties.
On-going CMBS growth means that more members
of the real estate community will benefit from using MMR's range of knowledge
and expertise to successfully unlock the power of this marketplace.
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