according to continue in yesterdays WSJ, retail rents continue to fall, no surprises from anyone on the ground in the real world. What’s also typical is most real estate sales packages on retail centers are still selling them off rental growth and those cap rates... A fools game.... H Jack Miller Thoughts? ...more
Category Archives: Lending
October 20, 2013 For Immediate Release: Huntingdon Valley,Pa./Fort Lauderdale,Fl. GFCIB and Advisory, LLC a nationally recognized financial real estate advocate and advisory firm for commercial real estate owners, developers, builders and mid sized businesses announced that it has just completed a deal for a discounted pay off between a client and its lender. While this deal was a...more
As posted in the Wall Street Journal
By EMILY MALTBYMany small firms that own commercial property are facing big trouble The problem is simple: Banks typically re-evaluate commercial mortgages every five to 10 years. At that point, they can renew the loans, or ask business owners to pay them off. These days, lenders are a lot less...
Property was mixed use, feels good when client is happy and says thanks…...more
Here is an example of a real life deal. The property was a retail shopping center with good positive cash flow. The ownership had purchased the property about 3 years earlier with a balloon loan and was unable to refinance it. They had put in considerable equity and the initial loan to value was 50%. The...more
I read this the other day and I wanted it to share it with all of you http://www.qchron.com/editions/north/flushing-savings-bank-protesters-take-to-queens-streets/article_e16f722d-bb2a-587b-9b96-a8439c30a60d.html...more