Distinctively Dechert In an increasingly complex marketplace, clients worldwide rely on Dechert’s commercial judgment and expertise to achieve their business goals. Our finance and real estate team represents major industry players in structuring, securitizing, managing and servicing complex and highly structured and securitized commercial real estate debt assets. To learn more, please contact: Richard D. Jones +1 212 698 3844 richard.jones@dechert.com Visit our blog at CrunchedCredit.com D dechert.com Having resolved over $44 billion of CRE loans, CWCapital has seen it all. We help clients avoid potential problems and fix the ones that occur. At the forefront of the commercial real estate industry for 20 years, we offer clients unique and extensive CMBS expertise. Resolutions. Results. We know a bad loan when we see it. cwcapital.com © CW Financial Services LLC 2014. All rights reserved. Attorneyadvertising.Priorresultsdonotguarantee futureoutcomes. ©2015KayeScholerLLP,250West55thStreet,NewYork,NY10019-9710.(04072015) www.kayescholer.com Kaye Scholer. Building Real Solutions. Originations Equity Debt sales and acquisitions Securitizations Syndications Loan sales Workouts and restructurings Leaders in Real Estate Capital Markets At Fitch Ratings, we continually meet with market participants to ensure our offerings address changing needs. That’s why we recently enhanced our U.S. CMBS presale reports to bring you more comprehensive and actionable deal information. Have a look for yourself at fitchratings.com