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Marathon Real Estate Finance(MRR)

 
123Jump Rating:   Underwriters: Credit Suisse First Boston
      Lehman Brothers
Status: Filed  
 
Address: 461 Fifth Avenue, 10th Fl.
 FiledDate: 05/11/2007
  New York,
    
  NY 10017
 Filed Price Range ($):
       
Telephone: 212 381 4400 Filed Offer Amount ($ Million): $200.00
       
Fax: Shares Offered (Millions):
       
Websites: Shares Outstanding (Millions):
       
Management: David Arzi, CEO
 IPO Date:
     
  Final Offer Price ($): $0.00
       
Industry: REIT Final Offer Size (Millions of Shares): 0.00
       
Employees: Final Offer Amount ($ Million): $0.00
       
Competitors: S-1 Forms:
     
   
       
     
     
     
       
 
- Avoid        - Value Gap        - Short-Term Growth        - Long-Term Growth        - Long-Term Value

Company Links
Executives Products Services
Company Strategy
A newly-organized real estate finance company formed principally to originate, acquire and invest in commercial real estate finance transactions, including whole mortgage loans, loan participations, mezzanine loans, B-Notes, commercial mortgage-backed securities (commonly known as CMBS) and other mortgage-related securities, preferred equity and credit tenant-leased real estate.
Product/Services Portfolio
The Company has the ability to invest across a wide range of commercial real estate finance instruments.

The Company plans to directly originate single and multiple loans secured by commercial real estate. The Company will also acquires portfolios of mortgage loans in the secondary market from various sellers, including mortgage bankers, mortgage brokers, life insurance companies, banks and other owners, generally secured by commercial real estate in the United States.

The Company plans to provide asset-based, collateralized lending to finance companies and commercial real-estate owners.

The Company plans to invest in Term B, second lien and mezzanine loans. A Term B loan shares a first priority lien in the borrower’s collateral with senior loans, but is subordinate to such senior loans in order of payment. A second lien loan is secured by a lien that is junior in order of priority and the loan itself is also subordinate to the borrower’s senior loans in order of payment. A mezzanine loan does not share, if at all, in the same collateral package as the borrower’s senior loans, may be unsecured and is subordinate to senior loans in order of payment

The Company plans to invest in B-Notes through negotiated transactions with originators and secondary market participants. A B-Note is typically secured by a first mortgage on a single large commercial property or group of related properties, and subordinated in order of payment to an A-Note secured by the same mortgage pursuant to an inter-creditor agreement with the holder of the related A-Note. Although B-Note lenders have the same obligations, collateral and borrower as the A-Note lender, they are contractually limited in rights and remedies in the event of a default.

The Company plans to invest in commercial mortgage-backed securities, or CMBS, secured by interests in a single commercial mortgage loan or a pool of mortgage loans secured by commercial property. The Company will acquire CMBS from private originators as well as from other mortgage loan investors, including savings and loan associations, mortgage bankers, commercial banks, finance companies and investment banks.

Investment Analysis
 
 
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