Company History

The redesigned Backshop site reveals the depth and power of our industry-leading commercial real estate enterprise software.

We are especially proud of the new Software Tour, which combines screen shots with descriptions of functionality to show how Backshop can aid loan origination, asset management and fund management.

Check out the new www.backshop.com

New Backshop home page.

Software Tour > Pipeline Management

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Jim Flaherty is CEO of CMBS.com and the creator of the Backshop loan origination system. He is a trained credit professional with experience installing enterprise underwriting systems for commercial real estate lenders, rating agencies and investors.

www.cmbs.com

www.backshop.com

I am just back from our 2009 Backshop user conference in New York. Bank of America hosted it in a beautiful board room overlooking Bryant Park. About 10 clients invested the day with us to go over our accomplishments from last year and help set priorities for next year.

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I just finished up two days attending the Dealmakers Summit sponsored by Institutional Real Estate. It was held in San Diego and featured senior players primarily from the equity side of the business — owners, pension fund advisors, brokers, and consultants.

The mood was generally pessimistic, especially after hearing from the economists (CRE fundamentals would continue to deteriorate) and the transaction brokers (sales volume down 95% from the peak). However, there were at least a few people who thought “the bottom” would hit in 2010 with transaction volumes picking up in the second half. But, most thought the real estate markets would be dead through next year, would have some activity in 2011 and a bottom being found in 2012.

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Monday’s IRP Committee Meeting at the annual CMSA conference was more talk and no action. There were about 100 people in the room including many investors and servicers, which highlighted the importance of the topic. The committee heads gave a good summary of the IRP process and why it is no longer being pursued. Then they opened the meeting to questions.

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We plan to launch our CMBS Leads product at the end of the week. We are currently putting the finishing touches on the tool, and we are really proud of it.

CMBS Leads is an affordable, Web-based way to find and manage leads for CRE refinancing and distressed asset purchases. The application is an intuitive interface where you will:

• Find leads that are maturing, in default or in foreclosure.
• Create lead lists to manage different types of opportunities.
• Manage and report contact history at the loan level, and more.

We hope you’ll find plenty of value in the Leads product — and that the tool and data empower you to “Make your own opportunities with CMBS Leads!”

Download the CMBS Leads Brochure

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