A CMBS loan assumption can be a helpful tool in the marketplace that allows for commercial real estate transactions to exchange between a seller and buyer. However, because the process is not quite straightforward in CMBS, it presents many different challenges that can be overwhelming.
This complex transaction involves specific documentation with various levels of approvals and requirements for a new buyer. Many of these requirements are not anticipated when the contract is executed, which is why it's essential to hire an expert to help you thought the process.
Whether you are the buyer or the seller, knowing your options and your ability to negotiate these scenarios is vital to the success of your transaction.
The Hart Advisors team has negotiated hundreds of loan assumptions with a 99% success rate in obtaining assumption approvals for our clients.
Hart’s assumption team has direct experience in CMBS master and special servicing. This first-hand knowledge allows Hart to provide a complete assumption package, and a thorough case plan, written in “servicer-friendly language.”
The result is a significant decrease in the time from submission to servicer approval, thus allowing the transaction to meet or exceed the deal timeline.
Want to know if you qualify for a loan assumption?