tag:blogger.com,1999:blog-7693451999817479352.post1193685481137471083..comments2023-10-22T17:43:54.334-04:00Comments on The CRE Review: JPMCC 2011-C5crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7693451999817479352.post-26392532040182282512011-09-14T12:15:52.799-04:002011-09-14T12:15:52.799-04:00The deep fat fryer comment really made me laugh.
...The deep fat fryer comment really made me laugh.<br /><br />Don't forget the 20%hospitality and 30% IO in addition to the previously mentioned bank branches. Will this price wide of MSC 2011-C3 or does all CMBS 2.0 price based on a "The underwriting is fixed and risk is eliminated" mentaility now?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7693451999817479352.post-91976395559098905162011-09-13T17:57:51.054-04:002011-09-13T17:57:51.054-04:00This is not a problem. The 12.1% of the collateral...This is not a problem. The 12.1% of the collateral pool that is made up of retail banks were all specially fitted with vaults that convert into short-order kitchens complete with deep fat fryers so that they can easily be reconfigured into a fast food restaurant. It's all on page 521 of the 553 page prospectus.<br /><br />Side note, I'm glad my lawyer friends are not hurting.Concrete Junglehttps://www.blogger.com/profile/11836938255282346931noreply@blogger.comtag:blogger.com,1999:blog-7693451999817479352.post-68635516580440384942011-09-13T13:53:38.979-04:002011-09-13T13:53:38.979-04:00Thanks to JPM for writing loans on portfolios of b...Thanks to JPM for writing loans on portfolios of bank branches, always a great idea.crabsofsteelhttps://www.blogger.com/profile/13395961726023130183noreply@blogger.com