Phoenix, AZ, May 13, 2010 --(PR.com
)-- The challenging real estate market of the last two years has put a spotlight on commercial mortgage-backed securities (CMBS) as a financing source. Self-storage business owners are invited to attend a free webinar entitled “CMBS Loan Workouts, Modifications and Maturity Extensions.” The webinar will be presented by experienced self‑storage finance professionals Shawn R. Hill and Devin Huber, Principals, The BSC Group, as well as President/CEO Ann Hambly and Executive Vice President Todd Moore of 1st Service Solutions. Topics will include the following:
- Maturity date extensions
- White knight and capital providers
- New CMBS and other debt available
The webinar will be sponsored by The BSC Group and 1st Service Solutions as part of the ongoing Mini‑Storage Messenger Self-Storage Webinar Series. MiniCo Publishing’s Poppy Behrens will be the moderator. The Mini-Storage Messenger Self-Storage Webinar Series offers informative monthly webinars free of charge to self-storage professionals and other individuals. For more information or to register, visit www.ministoragemessenger.com. Online registration is required for this free live event.
The BSC Group offers financial and loan advisory, mortgage brokerage and workout solutions to commercial real estate property owners and investors with a special emphasis on the self‑storage market. 1st Service Solutions was the country’s first firm dedicated to serving as a borrower advocate in loan restructuring and assumptions for CMBS borrowers. Combined, the two firms have secured more than $1 billion in financing for self-storage clients and resolved more than $2 billion in loan restructurings and $1.7 billion in assumptions for clients with all property types nationwide.
MiniCo Publishing, a division of MiniCo, Inc., publishes the “Mini-Storage Messenger,” the leading monthly trade magazine covering the global self-storage industry. Other publications include “Self-Storage Now!,” “Mobile Self-Storage Magazine,” “RV & Boat Storage Today,” “Self‑Storage Canada,” the “Self-Storage Almanac,” the “Self-Storage Development Handbook,” and the “Self‑Storage Buyer’s Guide.”
Since 1974, Phoenix-based MiniCo, Inc. has been a self-storage leader providing superior specialty insurance programs, informative publications and valuable products and services created expressly for the self‑storage industry.
For More Information:
The BSC Group – www.thebscgroup.com
1st Service Solutions – www.1stservicesolutions.com