In March 2017, I wrote an article titled "7 Things that Kill a CMBS Assumption". They were as follows:

1. Loan to Purchase Price 2. Increase in Reserves 3. Non-Recourse Carve-Out Guarantors – minimum net worth requirements 4. Controlling Class Representative (CCR) – higher level of involvement 5. Foreign Buyers 6. Crowdfunding 7. Cash Management – required more often

Now let's take a look at the top things that kill a CMBS assumption in 2024:

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