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n a bold move, Mesirow, an employee-owned financial services firm, has launched its Single-Asset Single-Borrower (SASB) platform, shattering the mold of traditional debt capital markets. This innovative platform is poised to revolutionize the way sponsors access highly liquid and efficient CMBS markets, while delivering customized solutions that were previously reserved for larger issuers.

    By bridging the gap between smaller transaction sizes and institutional-quality execution, Mesirow's SASB platform offers a game-changing solution for sponsors seeking tailored financing. With a minimum loan size of $50 million, this platform caters to a broader range of clients, providing flexibility, competitive pricing, and a bespoke approach that aligns with each sponsor's unique business plan.

    "Mesirow is rewriting the rules of the SASB market," said Nat Sager, President and Head of Strategy of Mesirow Capital Markets. "We're not just talking about smaller deals; we're talking about delivering exceptional customization and efficiency to sponsors who were previously locked out."

    Mesirow's platform extends beyond mere financing, offering a comprehensive suite of services that mirror the relationship management sponsors experience in syndicated bank transactions. As an Administrative Agent post-closing, Mesirow facilitates borrower dialogue with certificate holders in the securitization trust through its Loan Servicing platform.

    The platform's early success is evident in two notable deals: $115 million for Legends Outlets and $45 million for Reunion Resort. These transactions showcase Mesirow's distinct advantages, including commitment to smaller SASB transactions, balance sheet support, bank-like execution, and institutional bond distribution.

    As demand for tailored real estate financing solutions continues to grow, Mesirow's SASB platform is poised to meet the challenge head-on. By integrating balance sheet risk, in-house servicing, and a fully distributed capital markets approach, Mesirow is redefining SASB execution for the middle market.

    Key differentiators of Mesirow's SASB platform include:

    * Smaller minimum loan sizes: Starting at $50 million with no maximum size limitation

    * Balance sheet support: Deploying its balance sheet to ensure certainty of execution across the capital stack

    * Flexible terms: Offering shorter-term transactions and prepayment flexibility, including early borrower call options at par inside the final loan maturity

    * Loan servicing platform: Mesirow serves as an Administrative Agent post-closing, coordinating borrower dialogue with certificate holders in the securitization trust

    * Customized financing: Tailored solutions around a sponsor's business plan

    * Bond distribution: Managed by Mesirow's Institutional Sales & Trading (IS&T) team, providing broad market reach and efficient execution

    To support the growth of its SASB platform, Mesirow is investing in new talent, including seasoned capital markets professionals Thomas Chang and Simon Mui. Their expertise will strengthen Mesirow's ability to structure and execute complex transactions, further solidifying its position as a leader in the SASB space.