New business, new office and new product

We have had a very active few weeks around CMBS.com — just not much blog writing!

– We signed a new contract for Backshop on a to-be-named opportunity fund that needed an asset management system for distressed loans.

– We signed a four-year lease on a new office suite.

– We are getting ready to launch a new product called CMBS Leads.

New Business
Not only did we get a new customer last week, we had an existing customer sign a three-year extension, and we have a serious chance at another big Backshop deal. Finally, a little action on the new business front for enterprise systems!

New Office
We moved offices this past weekend. Not a big move — we just changed suites in our building — but we achieved a real upgrade to our working environment. We were in two suites with the tech developers being in one and the business/client services folks in another. Now, we have moved into one bigger suite with the whole company working in one space.

The space itself is about 3,000 sf located on the second floor with a large deck area overlooking the marina. It was occupied by a design firm so the interior is pretty cool with high ceilings and creative touches (little “houses” built in the main room as offices). We had a deck in the old suite, so we moved our outdoor furniture over and have a fantastic outdoor area for lounging, eating and team building.

The front of our new digs.

Our beautiful deck, with a view of Sausalito Harbor. Another reason to attend our user conferences!

New product – CMBS Leads
We plan to launch our latest invention, CMBS Leads, in the next few weeks. It is basically a sort on the CMBS universe based on Property, not Securitization. Users will be able to buy the leads either by state, region, or nationally and will be able to maintain multiple lead lists per organization. We have not finalized the pricing but expect it to be very affordable. Stay tuned for details on that!

— — —

Jim Flaherty is CEO of CMBS.com and the creator of the Backshop loan origination system. He is a trained credit professional with experience installing enterprise underwriting systems for commercial real estate lenders, rating agencies and investors.

www.cmbs.com

www.backshop.com