History of Commercial Mortgage Backed Securities (CMBS) Loans Explained
2.2 هزار بار بازدید -
4 سال پیش
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History of Commercial Mortgage Backed
History of Commercial Mortgage Backed Securities (CMBS) Loans Explained
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The Commercial Mortgage Backed Securities, or CMBS, industry is one of the most important recent developments in the real estate investment industry. But how did it come about? In this video, Ethan Penner, Founder and Managing Partner, Mosaic Real Estate Partners lays out the history of the CMBS model.
From this video:
Ethan Penner: Well, I didn't invent CMBS. Right? So CMBS, which is the securitization and pooling or selling of loans, securities backed by commercial real estate loans. I would credit the first deals done to Salomon Brothers and Lew Ranieri and Steve Roth, who later left and went to Drexel and was a colleague of mine and a good friend and I'm friends with Lew, to this day. And they really created the first CMBS model. They did a single asset deal backed by an office building in lower Manhattan in the late 80s. They tried to roll the business out to become a bigger business. But it was the, it was the right idea at the wrong time. And, of course, there's an important lesson to be learned there, is that, success comes with, not just smart ideas and not just smart people willing to work very hard. But there's the magic formula that we don't control, which is timing.
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And thanks for watching today's video where Ethan Penner explained the history of commercial mortgage backed securities, aka. CMBS loans. If you enjoyed it please leave a like rating and comment and don't forget to subscribe to the GowerCrowd YouTube channel.
#realestate #realestatecrowdfunding #realestateinvesting
Watch more videos from GowerCrowd:
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For 82% off our entire Investor Acquisition System Master Course, click here: https://gowercrowd.com/youtube-ias-82
Learn how to upgrade your home office to create a TV quality studio by clicking here: https://gowercrowd.com/youtube-tv-studio
The Commercial Mortgage Backed Securities, or CMBS, industry is one of the most important recent developments in the real estate investment industry. But how did it come about? In this video, Ethan Penner, Founder and Managing Partner, Mosaic Real Estate Partners lays out the history of the CMBS model.
From this video:
Ethan Penner: Well, I didn't invent CMBS. Right? So CMBS, which is the securitization and pooling or selling of loans, securities backed by commercial real estate loans. I would credit the first deals done to Salomon Brothers and Lew Ranieri and Steve Roth, who later left and went to Drexel and was a colleague of mine and a good friend and I'm friends with Lew, to this day. And they really created the first CMBS model. They did a single asset deal backed by an office building in lower Manhattan in the late 80s. They tried to roll the business out to become a bigger business. But it was the, it was the right idea at the wrong time. And, of course, there's an important lesson to be learned there, is that, success comes with, not just smart ideas and not just smart people willing to work very hard. But there's the magic formula that we don't control, which is timing.
Visit my website: https://gowercrowd.com/youtube-main-page
Subscribe to GowerCrowd here: http://bit.ly/YouTubeGowerCrowd
And thanks for watching today's video where Ethan Penner explained the history of commercial mortgage backed securities, aka. CMBS loans. If you enjoyed it please leave a like rating and comment and don't forget to subscribe to the GowerCrowd YouTube channel.
#realestate #realestatecrowdfunding #realestateinvesting
Watch more videos from GowerCrowd:
The Real Estate Crowdfunding Show (Full Episodes) - The Real Estate Crowdfunding Show - F...
The Real Estate Crowdfunding Show (Highlights) - The Real Estate Crowdfunding Show - H...
Real Estate Investing Explained - Real Estate Investing Explained
4 سال پیش
در تاریخ 1399/04/10 منتشر شده
است.
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