By Hal Reinauer The lending world has turned a more watchful eye to property condition and begun to take notice of reduced capital improvement programs. This attention has made it more difficult for those properties with some issues to find a reasonable lending solution, even with stable cash flows supporting the loan request. Appraisers and [...]
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I am back from moderating an all-star panel discussion at the Apartment Finance Today Conference in Fort Lauderdale, FL. Our topic: “Small but Mighty: Finding the Best Small-Balance Apartment Loan” was well received by a full house of real estate investors and developers. As sources of capital are becoming harder to find our panel of [...]
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Yesterday I spent an hour on a conference call with a national lender that is putting their money where there mouth is and has started to actively quote on income producing commercial real estate loans to be aggregated for a pool targeted to be securitized in Summer 2010. Here are some of my notes on [...]
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SBA has made some sweeping changes to their programs in an effort to stimulate lending to small business owners facing maturing commercial real estate loans and in need of working capital. Please download a free six page guide titled “SBA_New lending initiative” from the box.net widget on this blog or by following this link.
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[youtube=http://www.youtube.com/watch?v=Q4TqcnID77c] D.C.-area developer Jeff Neal gives the Huffington Post Investigative Fund a tour of empty commercial properties just blocks from the Capitol. He says we were, “drunk on a binge of easy credit and the bartender (the market) took away the bottle (credit).” BLOGGER COMMENT: Private equity groups are looking to double down. They are [...]
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CMBS Savior? Developers Diversified Deal Is Nearer – WSJ.com Posted using ShareThis By LINGLING WEI A closely watched deal that may help uncork the commercial-property debt market is picking up steam after being threatened by some queasiness by the Federal Reserve, according to people familiar with the matter. The Fed is sending signals that its [...]
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Conference begins Monday, October 26th at the Ritz-Carlton in South Beach, Miami. The conference features 17 panel discussions and endless networking and deal making opportunities. You can still register online or you may register onsite beginning Monday. I’m moderating a panel on “Building Your Personal Brand” at the Crittenden Fall Commercial Real Estate Conference in [...]
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By DAMIAN PALETTA in The Wall Street Journal WASHINGTON — Federal bank regulators are close to issuing guidelines that would encourage lenders to rework troubled commercial real-estate loans, a sector of the economy they expect to topple scores of additional financial institutions. Federal Deposit Insurance Corp. Chairman Sheila Bair told a Senate subcommittee that reworking [...]
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BLOGGER COMMENT: The biggest problem facing commercial real estate is the capital markets’ lack of liquidity. CMBS issuance went from $230 billion in 2007 to $12 billion in 2008 to less than a billion dollars YTD in 2009 (my source materials are labeled “CMSA-Compendium” and are available to view or download from the box.net widget).
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[youtube=http://www.youtube.com/watch?v=d_J28rip1Ms] The lingering recession is leaving $850 a night hotel rooms empty. Large, luxury hotels are in default with their lenders.
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