Cascades Overlook Refinance

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AIG Global Real Estate

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Date09/03/2021
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
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  • Executed Confidentiality Agreement Received
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DEAL TRACKING COMMENTS
DateComment
09/10/2021OM Sent -- pwitham
09/15/2021OK. Being fully transparent, pricing would probably be L+250 out the door and if pricing from competition shakes out in the L+225 range, I could probably get down to that level to try to win the deal. We couldn’t go any tighter. What I’d like to do here is stick a pin in it, and when you start getting feedback, could you keep me in the loop? If you get bids in the sub-225 range, I’ll just put my pencil down. For floaters, we typically require spread maintenance during the initial loan term, but I could probably do a 3+1+1 or something like that and have the extension option years have open prepayment. -- pwitham