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CMBS 2.0   :  By Jim Flaherty, President & CEO of CMBS.com



Powerful CRE software and data as low as $20 per month

Sausalito, CA (May 17, 2012) – A CMBS.com Pro account brings the power of Web-based enterprise software and data to all commercial real estate professionals — at prices as low as $20 per month, without the hassles of spreadsheets, desktop software or expensive data services.

CMBS.com Pro comes from the same team that revolutionized the commercial real estate lending industry with Backshop enterprise software. Backshop enables major players to run their entire CRE businesses in a holistic, flexible and secure Web-based environment by integrating direct cap and DCF lease-by-lease underwriting tools into a pipeline management and report writing application.

CMBS.com Pro is powered by Backshop and offers three packages to serve all commercial real estate players. Services range from $20 per month to $80 per month and deliver powerful capabilities including:

  • Never again rely on spreadsheets and other desktop software.
  • Access CMBS data at never-before-seen prices.
  • Manage your deal pipeline and maximize productivity.
  • Value collateral using direct capitalization and discounted cash flow methods.
  • Model debt and equity returns.
  • Compare your deal to properties that have CMBS debt.
  • Quickly write and publish reports.
  • Store and manage documents and contacts easily and securely.
  • Standardize your deals in the industry-accepted format.
  • Serve up to 10 users at any of your locations.

Bringing power to everyone
“We are excited to bring CMBS.com Pro to the commercial real estate community at large,” said CMBS.com and Backshop CEO Jim Flaherty. “The existing deal modeling tools and data services available to the small companies and individual users are based on old technology and priced to support old business models. Having solved these same problems for enterprise clients for years, we are proud to offer commercial real estate players of all types and sizes the same power used by the big guys at never-before-seen pricing.”

Flaherty says a CMBS.com Pro account is perfect for a wide range of CRE players:

  • CRE professionals who need a pipeline/document system or work with any types of deals, debt or equity
  • Owners, brokers and appraisers who need to model and present valuation scenarios or want info on CMBS comps
  • Existing CMBS borrowers who need to manage reporting or want loan comps for their CMBS debt
  • Anyone who currently uses Excel or Argus™ to model deals. CMBS.com delivers more power, costs less and eliminates the hassles of spreadsheets and desktop software.

To learn more about a CMBS.com Pro account, visit http://www.CMBS.com

New Product Launch!

Today we go live with our brand new product, CMBS Pro, a web-based commercial real estate deal management system that is combined with CMBS data. We took the same enterprise software we sell to large banks, configured it to focus only on the core elements of a deal, combined CMBS data and priced it to attract individual users. The result is a clean, easy to use application that replaces your spreadsheets and other valuation tools and we hope will become an essential part of your CRE business process.

Keep reading »

Strong start for CMBS in 2012

The first CMBS deals of 2012 have priced well, and interest rates being quoted by the conduit shops are now sub 5 percent for high quality CMBS loans. Investor demand has been strong enough to allow the originators to offer rates that start with a 4.

That makes CMBS more attractive vs. other loan products and supports positive momentum for a successful year. The market is on pace to reach $35 billion — and there is more and more talk of doing substantially better than that.

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Bad mood at 2012 CREFC conference

The annual CREFC conference was last week in Miami and, while attendance was slightly up, the mood was way worse than last year. 2011 started great (with momentum from a strong second half of 2010), but the summer spread widening caused losses and basically shut down the second half of 2011.

Going into 2012, there is very little momentum. Originations are starting at a standstill as opposed to a running start. However, it was still a fun few days, and the return to Miami Beach from Washington, DC was a welcomed change.

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Reg AB II Responses Submitted to SEC

The public comments on the SEC re-proposed rules for issuing asset backed securities including CMBS, known as Reg AB II, were due this week. The SEC received comments from 23 different companies and trade groups, including one from me.

See all responses : See my response

Keep reading »

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