BankXchange Offering $28 Million Commercial Mortgage Participation on Arizona Office Building.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Oct. 8, 2002 Bridger Commercial Funding announced today that it has been retained by a regional financial institution to sell a $28 million participation in a seasoned $33.5 million loan through its BankXchange(TM) program. The loan is secured by a stabilized sta·bi·lize v. sta·bi·lized, sta·bi·liz·ing, sta·bi·liz·es v.tr. 1. To make stable or steadfast. 2. Class-A medical office building and surgical center located in Phoenix, AZ. "We are very pleased to assist the lead bank in its syndication effort. This type of engagement is precisely where BankXchange adds value, as it is designed to bring buyer and seller of commercial real estate debt together quickly and efficiently," said Paul O'Rear, Bridger Vice President. "The lead bank in this case needs to sell down this loan to create balance sheet capacity for additional credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities to this customer," he added. BankXchange is the loan marketplace of the U.S. banking industry. Banks can manage their real estate loan exposure by trading loans through Bridger's network of over 900 banking relationships nationwide. For further details regarding this loan participation, please contact Paul O'Rear at 415/289-3239. Bridger Commercial Funding (www.BridgerFunding.com) is the leading commercial real estate capital markets resource serving the U.S. banking industry, with over 900 bank relationships nationwide. Bridger's innovative products and technology applications help banks maximize their risk-adjusted returns Risk-Adjusted Return A measure of how much risk a fund or portfolio takes on to earn its returns, usually expressed as a number or a rating. Notes: This is often represented by the Sharpe Ratio. The more return per unit of risk, the better. by accessing the secondary mortgage market. Bridger's commercial mortgage-backed securities Commercial mortgage-backed securities (CMBS) are a type of bond commonly issued in American security markets. They are a type of Mortgage-backed security which are backed by mortgages on commercial rather than residential real estate. (CMBS CMBS See: Commercial Mortgage Backed Securities ) loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. program enables banks to boost financial performance by generating substantial fee income while retaining and enhancing borrower relationships. In addition, Bridger's BankXchange(TM) program optimizes banks' loan portfolio risk profiles and returns by facilitating purchases and sales of loan portfolios, whole loans and participations. Through a growing network of over 3,100 commercial loan officers nationwide, Bridger is the commercial real estate banking's premier provider of secondary market origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real and trading solutions. |
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