On the docks We hosted clients and friends at the Golden Gate Yacht Club this weekend for SailGP, the sailing league founded by Larry Ellison after he lost the America’s Cup in 2017. Our little club became the home club for Team Oracle Racing. The fantastic book “The Billionaire and the Mechanic: How Larry Ellison […]
https://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.png00Lee McCormackhttps://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.pngLee McCormack2025-03-25 00:42:302025-03-25 01:14:07SailGP in San Francisco
At the end of last year, we signed a lease for office space in downtown Manhattan at 40 Exchange Place, which is one block south of Wall Street and kitty corner from the NYSE. We acquired Closer last fall. Last week I visited the team at 40 Exchange Place, where they had their original office. […]
https://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.png00Lee McCormackhttps://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.pngLee McCormack2025-03-04 22:59:312025-03-13 18:51:41CMBS.com has a new office in Manhattan
My highlight from last month’s CREFC DC Symposium was an interview with Hester Peirce, one of five SEC commissioners. She was appointed by President Donald J. Trump to the U.S. Securities and Exchange Commission and was sworn in on January 11, 2018. Hester M. Peirce Peirce spoke about the current SEC under Gary Gensler. She […]
We closed on our transaction with SitusAMC and have onboarded all the Closer employees, which brings our combined team to more than 30 people. Next week I’ll be on the road to Nashville and New York to meet everyone in person and start planning how we combine our two platforms. We will take the best […]
Sausalito, CA (Aug. 20, 2024) – CMBS.com, owner of the industry leading Backshop commercial real estate loan origination, management and servicing platform, today announced a strategic partnership with SitusAMC, a leading provider of services and technology to the commercial and residential real estate finance industry. As part of the partnership, SitusAMC will transition ownership of CLOSER, […]
https://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.png00Lee McCormackhttps://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.pngLee McCormack2024-08-21 16:00:362024-08-21 16:29:47Backshop owner CMBS.com expands its offerings in partnership with SitusAMC
I just returned from New York from the annual CREFC conference. Compared to the last gathering in January 2024 in Miami, the mood was generally glass-half-full. Maybe everyone was in a good mood because the trade organization was celebrating 30 years, or because Trevor Noah did an amazing job talking about the power of diversity […]
https://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.png00Lee McCormackhttps://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.pngLee McCormack2024-06-14 17:26:482024-08-07 17:52:19CMBS 4.0 project announced at CREFC Conference, which was surprisingly upbeat
Today marks the 22nd anniversary of 9/11 and the 15th anniversary of this blog. If you read the first post you’ll see how the events of 9/11 are part of our founding story: The history of Backshop and CMBS.com The anniversary of 9/11 always gets me thinking about the formation of this company and the […]
https://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.png00Lee McCormackhttps://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.pngLee McCormack2023-09-11 17:32:582024-08-07 17:39:47Checking in on 9/11
I hope this post finds you healthy, prosperous and vaccinated. Gratefully, we are all three here. There’s been a lot going on, and I’ve not posted in a while, so here is the update. We launched our dedicated tool for CMBS borrowers to support their quarterly servicer reporting requirements. If you have a CMBS loan, […]
Today marks the 12th year I’ve been writing this blog, which I started to provide an inside perspective on how financial reform would affect the CMBS finance markets and, more importantly, provide commentary on how it should. In my opinion, data transparency is the single most important factor in ensuring the markets stay fair, honest […]
https://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.png00jimflahertyhttps://www.cmbs.com/wp-content/uploads/2019/03/cmbslogo030619.pngjimflaherty2020-09-11 00:01:592020-09-11 01:52:43Checking In on 9/11
In the 20 years since we founded Backshop, we have created an all-in-one CRE software tool that services all aspects of the debt business. Our capabilities now include: Deal Origination, Asset Management, Master Servicing, Special Servicing Mezzanine Lending with Fund and CLO Reporting CMBS Origination, Bond Analytics and IRP data via API Workflows, Approvals, Dashboards, […]
SailGP in San Francisco
/0 Comments/in Uncategorized /by Lee McCormackOn the docks We hosted clients and friends at the Golden Gate Yacht Club this weekend for SailGP, the sailing league founded by Larry Ellison after he lost the America’s Cup in 2017. Our little club became the home club for Team Oracle Racing. The fantastic book “The Billionaire and the Mechanic: How Larry Ellison […]
CMBS.com has a new office in Manhattan
/0 Comments/in Uncategorized /by Lee McCormackAt the end of last year, we signed a lease for office space in downtown Manhattan at 40 Exchange Place, which is one block south of Wall Street and kitty corner from the NYSE. We acquired Closer last fall. Last week I visited the team at 40 Exchange Place, where they had their original office. […]
CREFC’s DC symposium provides amazing SEC access
/0 Comments/in Industry standards /by Lee McCormackMy highlight from last month’s CREFC DC Symposium was an interview with Hester Peirce, one of five SEC commissioners. She was appointed by President Donald J. Trump to the U.S. Securities and Exchange Commission and was sworn in on January 11, 2018. Hester M. Peirce Peirce spoke about the current SEC under Gary Gensler. She […]
Backshop / CMBS.com doubles in size by adding Closer
/0 Comments/in Company history /by Lee McCormackWe closed on our transaction with SitusAMC and have onboarded all the Closer employees, which brings our combined team to more than 30 people. Next week I’ll be on the road to Nashville and New York to meet everyone in person and start planning how we combine our two platforms. We will take the best […]
Backshop owner CMBS.com expands its offerings in partnership with SitusAMC
/0 Comments/in Company history, Industry news /by Lee McCormackSausalito, CA (Aug. 20, 2024) – CMBS.com, owner of the industry leading Backshop commercial real estate loan origination, management and servicing platform, today announced a strategic partnership with SitusAMC, a leading provider of services and technology to the commercial and residential real estate finance industry. As part of the partnership, SitusAMC will transition ownership of CLOSER, […]
CMBS 4.0 project announced at CREFC Conference, which was surprisingly upbeat
/0 Comments/in Industry news /by Lee McCormackI just returned from New York from the annual CREFC conference. Compared to the last gathering in January 2024 in Miami, the mood was generally glass-half-full. Maybe everyone was in a good mood because the trade organization was celebrating 30 years, or because Trevor Noah did an amazing job talking about the power of diversity […]
Checking in on 9/11
/0 Comments/in Company history, Industry news /by Lee McCormackToday marks the 22nd anniversary of 9/11 and the 15th anniversary of this blog. If you read the first post you’ll see how the events of 9/11 are part of our founding story: The history of Backshop and CMBS.com The anniversary of 9/11 always gets me thinking about the formation of this company and the […]
Automate your quarterly CMBS servicer reporting
/0 Comments/in Industry news, Industry standards /by jimflahertyI hope this post finds you healthy, prosperous and vaccinated. Gratefully, we are all three here. There’s been a lot going on, and I’ve not posted in a while, so here is the update. We launched our dedicated tool for CMBS borrowers to support their quarterly servicer reporting requirements. If you have a CMBS loan, […]
Checking In on 9/11
/0 Comments/in Industry news, Industry standards /by jimflahertyToday marks the 12th year I’ve been writing this blog, which I started to provide an inside perspective on how financial reform would affect the CMBS finance markets and, more importantly, provide commentary on how it should. In my opinion, data transparency is the single most important factor in ensuring the markets stay fair, honest […]
Your all-in-one CRE Debt Software Tool
/0 Comments/in Company history /by jimflahertyIn the 20 years since we founded Backshop, we have created an all-in-one CRE software tool that services all aspects of the debt business. Our capabilities now include: Deal Origination, Asset Management, Master Servicing, Special Servicing Mezzanine Lending with Fund and CLO Reporting CMBS Origination, Bond Analytics and IRP data via API Workflows, Approvals, Dashboards, […]