Recently, Chip Gordon and our real estate team represented a client in a $30 million medical office facility refinance that was securitized in the secondary money market. As our country is pulling out of the long recession, we are seeing a resurgence of this securitization chiefly through REMIC’s (Real Estate Mortgage Investment Conduits). The level of compliance of these securitized loans is very extensive and therefore very costly to the buyer/borrower, but the potential rewards in terms of favorable interest rates and longer payback periods may well be worth this increased cost and complexity.
