Hospitality industry expert, Steve Van (pictured right), sees trouble ahead with foreclosures in the hotel sector. BLOGGER COMMENT listed below by David Repka of Bison Financial Group. Steve Van hates being the pessimist, but he can’t help it. The CEO of Prism Hotels & Resorts says comparing the last two years of hotel distress to what’s coming is [...]
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In October of 2008 I wrote a white paper called, Grave Dancing for Fun & Profit in the Financial Apocalypse of 2008 and Beyond . One of my predictions was The Death of Land calling land: “… the ultimate four-letter word. It is impolite to mention L-A-N-D in polite company because it has no cash [...]
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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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by Gregg Fous, Real Estate Broker from Fort Myers, FL I don’t think you can call selling 53 waterfront condos in one day a flop. There was an auction last week that got a great deal of international attention. Combined with pre-auction sales over the last eight weeks, the current owners of the Oasis project [...]
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As the year is coming to a close many lenders and institutional investors want to clean up their balance sheets going into 2013. Bison Financial Group has a track record of closing transactions in 4, 8 & 11 days from first meeting our borrowers and learning about the transaction. Let us know if you need [...]
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[BLOGGER QUESTION] Is it time to call a buying signal for office properties in Florida now that the acquisition price has dipped under the replacement cost? Or are office investors trying to catch a falling knife?
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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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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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[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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[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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