Mission Capital Advisors has hired Terence Bundy as an analyst. Bundy will focus on commercial sales and trading, business development, trading project management and due diligence. The new hire joined Mission Capital Advisors from Merrill Lynch, where he was an analyst of global markets and investment banking within the company's loan securitization group that focused on fixed, floating and stand-alone CMBS executions. Before Merrill, Bundy was a collateral analyst for Deloitte & Touche LLP, dealing primarily with the CMBS market.
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The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Aside from the cash flow stabilization, another credit positive to the deal, TAH Operations is property manager to the portfolio, and has strong processes and controls.
March 27 -
Four tranches of class A notes make up the capital structure, and they all benefit from 3.00% in total initial hard credit enhancement.
March 26 -
Seven of the loans, 27.7% of the pool balance, are secured by multiple properties or have a component of cross-collateralization, benefitting from greater cash flow stability.
March 26