Join the data revolution: CMBS data, CRM and full-stack deal modeling for all CRE players

With the launch of our new Professional software, we’re making the power of our Backshop enterprise CRE platform available to individuals and small groups.

Read more

CREFC West Coast Conference and SailGP

I just returned from Santa Monica, CA where I attended the CREFC West Coast Summit to get an update on the market.

The main takeaway: The low rate, high value environment will likely stay for a while, but investors are weary because the cycle is so old.

Read more

2019 is off to a hot start

I’m leaving Miami after attending the annual CREFC Investor Conference. The conference, now in its 25th year, is usually the best place to find out what people are thinking and get a prediction for the year. We had great weather, and a friend of mine hosted me on a nice-sized boat to cruise around Miami Bay — making the trip that much nicer.

Read more

Zuckerberg 0 – CMBS 1

I usually talk about CRE issues here, but I have a 4th of July story that’s too good not to share.

Read more

10 Years On and Rocking

Every year on September 11, I join most people in the nation and reflect on the terror attacks of that day. I was in New York Tuesday, Sept. 11, 2011 — and I witnessed the destruction firsthand. I was blessed that the meeting I had scheduled for 8:30 a.m. in Tower One at the Windows on the World restaurant, where no one survived, was changed to a 10:30 a.m. meeting in Suite 2243. Of course, that meeting never happened.

Never forget.

This year, I spent 9/11 at home with my family, and we spent most of the day watching all the remembrance shows. The 10th anniversary coverage was nonstop. I let my two kids (12 and 10) watch as much as they wanted, and they took me up on it.

We shared the day asking some pretty deep questions and talking about the important things in life. The stories that I most related to were the ones where the person survived through random luck.

There was the Boston flight attendant who was left off one of the hijacked planes because of a last minute scheduling mix up. A group of fire fighters was in a tower when it collapsed but survived because the stairwell they were in somehow didn’t get crushed. And countless random people like me who contemplated meetings or trips that would have put them directly in harm’s way and for whatever reason the plans changed.  Why?

One World Trade Center

The new New York skyline.

I traveled to New York on Monday the 12th and had a chance to check on the construction progress of One World Trade Center. I couldn’t get close to the memorial because reservations are booked months ahead. But, the office building is huge and is already starting to dominate the skyline. It will be nice having the tallest building in the United States back in New York.


Wednesday night the 14th, Metallica played at Yankee Stadium as part of a heavy metal show featuring the “Big 4” — An all day festival with sets by Slayer, Mega Death and Anthrax. with Metallica headlining the last set.

Sold out Yankee Stadium.

Lars Ulrich (the drummer who was great on Howard Stern this week if you heard it) is a friend from Marin, and he set me up with the whole VIP package (as usual – thanks Lars!).

We watched the show from all sorts of different angles: from Luxury Suite 1, from front row seats in section 29, and from the front of the floor next to the stage. They were all great, but my favorite place was the sound booth. It was set about 150 feet back from the center of the stage in an elevated, tented, fenced off area. They set up some seats behind the technicians where the friends of the band could hang and watch the show. The computers and screens looked like a space ship and it was cool to hear, feel and “see” the music.

As always, an epic show with an unbelievable set list and a crowd full of energy. One of the lessons of  9/11 was you only go around once, and the trip may be shorter than you like, so you better rock!

— — —

Jim Flaherty is CEO of and the creator of the Backshop loan origination system. He is a trained credit professional with experience installing enterprise underwriting systems for commercial real estate lenders, rating agencies and investors.


I never realized winning a World Series was so exciting and exhausting. I came close to living in cities where the home team won the Fall Classic (San Francisco 2002, Boston 1986) but this was the first time my home team actually got it done.

Every series (Atlanta, Philadelphia, and Texas) was a thrill and the entire city was watching. The cast of characters that make up the team really connected with the cast of characters that make up the Bay Area. I have been a Giants fan since moving to San Francisco in 1992 and loved every minute of the victory.

I was lucky enough to go to:

• Game 1 of the Atlanta series where Tim Lincecum threw the complete game: a one-hit shutout. We had great seats for that game!

Great seats!

• Game 4 of the Phillies series where Juan Uribe hit a walk-off fly ball to secure a 6 to 5 win and take a 3 games to 1 lead in the series. Here is the National Anthem sung by Huey Lewis and the News with a jet fly over.

• Game 2 of the World Series where the Rangers completely melted down and the Giants scored seven runs in the eighth to crush Texas 9-0. Here are two more runs in the bottom of the eighth.

• The victory parade in San Francisco that drew 1 million and shut down the city for a day. Mayhem!


Good luck next year Giants!

— — —

Jim Flaherty is CEO of and the creator of the Backshop loan origination system. He is a trained credit professional with experience installing enterprise underwriting systems for commercial real estate lenders, rating agencies and investors.

Burning fuel

Fighter jets and race cars — what could be better?

Read more