tag:blogger.com,1999:blog-7693451999817479352.post735888672865932865..comments2023-10-22T17:43:54.334-04:00Comments on The CRE Review: Partial IOs - Holy Collateral Batmancrabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7693451999817479352.post-19296350581544000972009-10-09T12:28:36.048-04:002009-10-09T12:28:36.048-04:00I analyzed a bunch of securitized tenant in common...I analyzed a bunch of securitized tenant in common programs. All used partial IO financing. Most had DSC of 1.5 times or more with reserves for leasing costs, but like you say all were based on pro forma lease rates. The amort. period is always were things got dicey. With most being five years and most deals done n '05 through '07, 2010 to 2012 should be interesting. The LTVs were typically 75% or less (many less), which may offer some time, but the TIC holders are out their equity.Rational Realisthttps://www.blogger.com/profile/08886526093283532105noreply@blogger.com