Company Profile - CIBC (edit)

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Most recent Comments - CIBC
DateDealComment
06/07/2024Red Lion Hotel Financing Memo sent to Jeremy Carruthers -- pwitham
05/07/2024Meladon Haymarket Retail Refi One Pager sent to Jeremy Caruthers -- pwitham
01/11/2023Artena Apartments - Leasehold Can only get to $95 million on the Fee and $75 million on a Leasehold. Will not allow sub finance. -- pwitham
11/15/2022600 E StreetFollow up email sent -- pwitham
11/09/2022600 E StreetEmail sent to Jeremy Carruthers -- pwitham
04/13/20228000 Wisconsin Avenue, Bethesda, MDAwaiting terms from a mezz/pref lender before revising term sheet -- pwitham
10/21/2021Meladon Retail DealsSent initial email -- pwitham
08/30/20218000 Wisconsin Avenue, Bethesda, MDgot an email from Jeremy on Saturday 8-28; they know Greystar and they will be fine in some capacity in the development process. He suggested we talk to Greystar and see if they are interested and what the parameters of their involvement would be so he can get a definite read from credit. -- don.atchison
08/28/20218000 Wisconsin Avenue, Bethesda, MDJeremy Caruthers called to tell me that although they like the project and location, credit can\'t accept Aksoylu\'s lack of experience with this type project, so they are passing. He was talking to credit about a $90.3MM leasehold loan at L+300 (no floor). I asked if the Sponsor augmented his team with a fee development group if this would be sufficient and Jeremy thought so. I have asked him if having Greystar involved as fee co-developer or construction manager would be acceptable, and am awaiting his reply. -- don.atchison
08/25/20218000 Wisconsin Avenue, Bethesda, MDI scheduled a call today with Lyle Jackson and Jeremy Caruthers of CIBC and two of his associates (Mark and Katie). They wanted in depth info on Aksoylu experience and ongoing projects since they aren\'t familiar with Aksoylu as a borrower. Lyle took them through Ahmet\'s background, business experience, development experience, and the fact that he was general contractor on all his projects. Lyle did a good job of framing his answers and providing them with a picture of an experienced, hardworking, successful developer. The folks at CIBC said they want to take this info to their credit people and see if they can get authority to issue a term sheet. -- don.atchison
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