An open letter to investors, partners and friends of Mission Peak Capital:

 

I hope everyone is safe and well.

It goes without saying, but our hearts and thoughts are with those battling this virus across the globe. Over the better part of 30 years, I have built a really niche expertise in commercial mortgage securities, and at times like this, I am ever grateful for those who dedicated their lives to other more noble professions.

Given the state of the world and the uncertainty surrounding today’s markets, I have been asked by many to share my semi-filtered opinions on mortgage bonds, real estate debt markets I am reaching out, along with my team, to help educate our friends, investors and partners on the current state of the CMBS market and what we believe the future holds. In many ways, we are simply dusting off the old playbook from ten years ago. It kind of reminds me of Andy Reid calling a goal line play from the 1948 Rose Bowl for the Chiefs in Super Bowl LIV. We have been in this game for so long, what was old, is new again. As Real Estate and Structured Finance experts, Mission Peak Capital is one of few investment firms in the country that has successfully purchased and resolved CMBS securities during times of crisis.

Over the course of the following weeks, we will be posting our take on CMBS and Debt Market conditions here. Some posts will be lighthearted – meant to explain the market in an easily digestible way. Others will be more technical and designed to make you think. We thank you for taking the time to read and learn.

Mission Peak Capital is taking steps to make the most of this opportunity and will continue to reach out to those interested in participating. If you want to learn more, please reach out.

 

Wit Solberg

Partner – Credit Strategies