National distressed commercial real estate totaled $97.4 billion in early June, including foreclosures, lender-owned properties, and foreclosures, according to a new report from Delta Associates. Distressed commercial real estate volume has doubled every three months since December 2008 with retail Read More
Category: Real Estate Finance
Fed Gets No Requests for TALF Loans to Purchase CMBS
By Scott Lanman June 16 (Bloomberg) — The Federal Reserve received no requests from investors for loans to buy new commercial mortgage-backed securities under an emergency program aimed at reducing borrowing costs and reviving U.S. economic growth. The New York Read More
TALF Requests Reach $11.5 Billion as CMBS Issues Become Eligible
New CMBS Issues Will Become Eligible for Government Aid at Mid-Month, But Some Fear S&P Action Could Blunt TALF’s Ability to Restore Liquidity By Randyl Drummer in CoStar June 3, 2009 With commercial mortgage securities poised to become eligible for Read More
FDIC Shuts Down Silverton Bank
The Federal Deposit Insurance Corp. has shut down Silverton Bank, the failed Atlanta “bank of banks,” instead of selling it to private-equity investors, according to a person familiar with the situation. …[blogger comment: here is the key to this article] Read More