Term SOFR has emerged among non-Agency commercial real estate (CRE) lenders as the primary SOFR-based index of choice for their floating-rate loans. It is the NY Fed ARRC recommended fallback for non-agency CRE loans and the fallback under the LIBOR Act where the LIBOR Act applies. Regulatory...

Now, your treasury team can spend less time gathering, scrubbing, and comparing exposure loads and more time reviewing and analyzing forecasts, so you can save critical time when you need it most. Chatham's user visibility functionality enables you to specify which legal entities your...

Learn why interest rate swaps are beneficial for both financial institutions and their commercial borrowers.

The new ChathamDirect homepage is designed to promote action, giving you one page where you can access market data, transaction data, system reports, quick links, and the latest insights from Chatham.

Every corporation faces financial risk. Learning to identify, assess, and mitigate this risk across various asset classes is crucial. In this guide, you will learn what hedging is and how companies can employ hedging strategies to manage their interest rate, foreign currency, and commodity risk.

To navigate a complex, ever-changing economic landscape and protect more of your bottom-line earnings, your financial risk management system should support all your program objectives. Learn how you can streamline your process and unlock new economic strategies with ChathamDirect.

Chatham Financial has executed several defeasance transactions with negative penalties this fall. Negative defeasance penalties occur when replacement Treasury yields exceed the loan’s coupon. This scenario allows commercial real estate (CRE) owners to exit their CMBS (Commercial Mortgage Backed...

Ensuring an effective, compliant hedging program means assessing both visible and hidden costs across all hedging activities, including strategy and pricing, legal and regulatory, and accounting.

“Springing” interest rate caps are a type of loan requirement that requires a CRE borrower to purchase an interest rate cap post loan closing if (and only if) the base rate for a floating-rate loan (like SOFR) crosses a certain threshold (often called the “trigger”). This structure permits the...

One way to compete and meet customer demand for long-term fixed rate financing without carrying the interest rate risk is by hedging individual fixed rate loans. This is a great strategy for loans greater than $2M in size and longer than five years because they are more challenging to manage from an interest rate risk perspective.