| | Business Summary | | CRIIMI
MAE
Inc.
is
a
commercial
mortgage
company
structured
as
a
self-administered
real
estate
investment
trust.
CRIIMI
MAE's
primary
activities
included
acquiring
non-investment-grade
securities
backed
by
pools
of
commercial
mortgage
loans
on
multi-family
and
commercial
real
estate,
originating
and
underwriting
commercial
mortgage
loans,
securitizing
pools
of
commercial
mortgage
loans
and
resecuritizing
pools
of
Subordinated
CMBS.
CRIIMI
MAE
Inc.
and
two
of
its
operating
subsidiaries,
CRIIMI
MAE
Management,
Inc.
and
CRIIMI
MAE
Holdings
II,
L.P.,
filed
for
relief
under
Chapter
11
of
the
United
States
Bankruptcy
Code
on
October
5,
1998.
The
Company
and
two
affiliates
announced
that
as
of
April
17,
2001,
they
have
completed
the
necessary
steps
for
their
confirmed
joint
plan
of
reorganization
to
become
effective
and
emerged
from
bankruptcy. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | CRIIMI
MAE
Inc.
is
a
fully
integrated
commercial
mortgage
company
structured
as
a
self-administered
real
estate
investment
trust.
For
the
six
months
ended
6/30/01,
revenues
decreased
37%
to
$67.5
million.
Net
income
applicable
to
Common
before
acct.
change
decreased
81%
to
$1.5
million.
Revenues
reflect
lower
interest
income
from
subordinate
CMBS
due
to
the
sale
of
certain
CMBS
and
the
absence
of
originated
loans.
Net
income
also
reflects
lower
margins. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| William Dockser, 63
Chairman | $318K | H. William Willoughby, 53
Pres,
Sec., Director | 318K | David Iannarone, 39
Exec.
VP | 540K | Cynthia Azzara, 40
Sr.
VP, CFO, Treasurer | 540K | Brian Hanson, 38
Sr.
VP - Servicing | 420K | | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/c/cmm.gif)