By David Repka, Co-Founder Bison Financial Group Let’s face it, the last few years have been astonishingly difficult for anyone in the “dealmaking game” as fear, uncertainty and doubt have crept into the capital markets driving reliable sources of capital to the sidelines. No pocket of capital has been picked as clean as construction funding [...]
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ST. PETERSBURG, FL – Bison Financial Group headquartered here launches their ambitious “Nexus Funding Platform” aimed at bringing liquidity to the commercial real estate market and bringing jobs back to our communities. According to David Repka, Co-Founder of Bison, “Over the last three years we’ve witnessed a level of economic devastation not seen since the Great Depression. [...]
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I have been contacted by more lenders in the past 30 days than in the past 30 months… combined. I’m especially excited about the return of the CMBS marketplace. Get ready for the return of cheap, plentiful, non-recourse capital to fund commercial real estate. The dark days are over… time to get back in the [...]
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There is a classic scene in the 1979 movie The Jerk starring Steve Martin where he is asked, “what I win?” while working at the carnival’s “Guess Your Weight” booth… watch it here: This clip is my metaphor for how the commercial real estate finance markets have operated since the Fall of 2008. The lending [...]
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Big Banks Lead the Return of Key Funding Source for Commercial-Property Owners; Still, a Fraction of Precrash Levels By: Lingling Wei in the Wall Street Journal Even as woes mount in the commercial-real-estate market, a once-vital source of funding for commercial-property owners is showing signs of life. Banks including J.P. Morgan Chase & Co., Goldman [...]
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With Little Quality Office Product in Play, Investors Vying Sharply for Low Hanging Fruit By Mark Heschmeyer Last year, capitalization rates on large office property sales rocketed from the mid-6 range to the mid-8 range. So far this year, cap rates have reversed course, falling back just as rapidly to mid-7 range. Under ‘normal’ conditions, [...]
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By Nancy Leinfuss NEW YORK, April 9 (Reuters) – RBS Commercial Funding on Friday priced a $309.7 million commercial mortgage-backed securities offering backed by multiple loans, the first sale of its kind in nearly two years and a benchmark for the recovering market. The so-called conduit deal is seen as a key gauge of risk [...]
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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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Earlier this year, commercial real estate had all the hallmarks of a distressed asset sale of the millennium. Across America, hundreds of billions of dollars’ worth of office buildings, hotels, apartment complexes and malls were tanked up with debt and rapidly tanking in value. They were so far under water, conventional wisdom had it, that [...]
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