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Elizabeth Warren discusses the Commercial Real Estate Collapse with Charlie Rose
Jul 19th
Presidential Adviser Elizabeth Warren discusses the Commercial Real Estate Collapse with Charlie Rose. Warren explains that half of all commercial real estate loans will be underwater by the end of the year. Banks don’t want to lend in order to fill their commercial real estate “hole”. CLRsave.com or http
Video Rating: 5 / 5
U/KBs real estate exposure further rise in Q1 ‘11
Jul 8th
U/KBs real estate exposure further rise in Q1 ‘11
MANILA, July 8 (PNA) – Increase in real estate loans (RELs) pushed higher universal and commercial banks’ (U/KBs) and thrift banks’ (TBs) exposure to the real estate sector in the first quarter of 2011, the Bangko Sentral ng Pilipinas (BSP) reported Wednesday.
Read more on Positive News Media
Herth Real Estate of San Francisco Welcomes Three New Agents
Herth Real Estate, located in San Francisco, is proud to announce its three new agents: Karen McCarthy, Mary Minor Huck, and Matt Duffy.San Francisco, CA (Vocus/PRWEB) July 06, 2011 Herth Real Estate, located in San Francisco, is introducing three new agents to its family of professional Realtors. Karen McCarthy, Mary Minor Huck, and Matt Duffy have joined the team! With their expertise and …
Read more on PRWeb via Yahoo! News
Reggie Middleton’s Real Estate Recap: As I Have Clearly Illustrated, It’s a Real Estate Depression!!!
May 26th
Reggie Middleton’s Real Estate Recap: As I Have Clearly Illustrated, It’s a Real Estate Depression!!!
First, let’s go through the headlines for the day then proceed to breadcrumb trail that clearly led us to where we are now and where we will ultimately end (oh yeah, In Case You Didn’t Get The Memo, The US Is In a Real Estate Depression That Is About To Get Much Worse Wednesday, February 23rd, 2011) … Commercial Real Estate US Commercial Real Estate Prices Decline to Post-Crash Low … …
Read more on Zero Hedge
BB&T Real Estate Funding Actively Lending
BB&T Real Estate Funding announced today that parent company BB&T Corporation has increased its portfolio capacity from 0 million to 0 million. This will allow the firm to expand its lending capabilities through Grandbridge Real Estate Capital.
Read more on PR Newswire via Yahoo! Finance
Fitch Assigns CMBS Large Loan Special Servicer Rating to Five Mile Capital Real Estate Advisors LLC
Fitch Ratings assigns Five Mile Capital Real Estate Advisors LLC , a wholly owned subsidiary of Five Mile Capital Partners LLC, a privately owned commercial mortgage-backed securities large loan special servicer rating of ‘CLLSS3+’.
Read more on Business Wire via Yahoo! Finance
CB Richard Ellis returns to profit in 1Q
Apr 27th
CB Richard Ellis returns to profit in 1Q
Commercial real estate services company CB Richard Ellis Group Inc. said Tuesday that a sharp increase in first-quarter revenue linked to growing property sales and leasing helped it reverse a prior-year loss.
Read more on AP via Yahoo! Finance
Slumping real estate market creates expansion opportunity for retailer
Appliance Factory Outlet is taking advantage of a slumping commercial real estate market to buy a foreclosed building across from its current store on Garden of…
Read more on Colorado Springs Gazette
California’s real estate commissioner quits
The position, appointed by the governor, is still unfilled.
Read more on San Diego Union-Tribune
Florida Commercial Real Estate Investing
Feb 28th
Florida Commercial Real Estate Investing
If you are trying to look for a long-term investment, Florida commercial real estate property is what you need. But of course it is very important to know your business plans before you actually find the right commercial property to invest.
Read more on Turks.US
Biggest U.K. Banks Cut European Commercial Property Loans by Billion
The U.K.’s four biggest banks reduced European commercial real estate lending by 17.2 billion pounds ( billion) last year, as the slump in property values caused lenders to rein in credit.
Read more on Bloomberg
Business : Better times ahead for Dubai real estate sector
Jan 10th
Business : Better times ahead for Dubai real estate sector
DUBAI — Cluttons, the real estate specialist that has presence in the Middle East, said better times are ahead for Dubai’s real estate sector as investors’ confidence is restored.
Read more on Khaleej Times
Better times ahead for Dubai real estate sector
Better times ahead for Dubai real estate sector
Read more on MENAFN
Small Business and Commercial Real Estate Lending – 45
Jan 10th
Joint Hearing on Condition of Small Business and Commercial Real Estate Lending in Local Markets on February 26, 2010 Panel 3 Mr. David A. Hoyt Senior Executive Vice President Wholesale Banking Wells Fargo & Company
Video Rating: 0 / 5
Washington Trust’s Commercial Real Estate Group Finances Massachusetts Shopping Center
Dec 10th
Washington Trust’s Commercial Real Estate Group Finances Massachusetts Shopping Center
The Commercial Real Estate Group of Washington Trust, Rhode Island’s largest independent bank, recently provided ,500,000 in construction financing to Highland Plaza, LLC, for property located at 438 North Franklin Street in Holbrook, Mass..
Read more on Business Wire via Yahoo! Finance
Washington Trust’s Commercial Real Estate Group Finances Massachusetts Shopping Center
PROVIDENCE, R.I.–(BUSINESS WIRE)–Washington Trust’s Commercial Real Estate Group provided .5 million in financing to Highland Plaza, LLC, for renovation of a shopping plaza in Holbrook, Mass, tenants include CVS and Family Dollar.
Read more on Business Wire
Real Estate Weekly: Pebblebrook Hotel Trust pays M for Philly property
Pebblebrook Hotel Trust of Bethesda, a lodging real estate investment trust, announced it has acquired the 306-room Sofitel Philadelphia Hotel in downtown Philadelphia. The purchase price of million includes the assumption of a .1 million secured loan, with the balance paid from available cash. The property, originally built in 1964, housed [...]
Read more on The Daily Record
Real Estate Loss Mitigation Firms, Fidelity Financial Group and Capital Mitigation Group, Featured in Yahoo Finance as …
Fidelity Financial Group and Capital Mitigation Group, America’s leading loss mitigation and commercial mortgage loan audit experts, were recently featured in the press showcasing the advantages to having loans investigated prior to negotiating terms on restructuring real estate loans.
Read more on PR Newswire via Yahoo! Finance
Q&A: Where is the best place to go to get a commercial real estate loan?
Oct 24th
Question by calimag10: Where is the best place to go to get a commercial real estate loan?
I am looking to start a bar in Chicago, IL and I know the building that I want to acquire. I have a partner who is able to put 0-400K into the project but the building itself will cost between 0K-M to acquire and will require anywhere from 0K-200K to restore and convert. I would like to know the best place to go for a commercial real estate loan keeping in mind the significant funding we already have. I would like to limit the down payment to about 0-150K to keep the rest available for the bar itself. As a side note my personal credit score isn’t fantastic (about 630). Also, the building is not currently a bar but an old theater so it will require remodeling, however they do hold a liquor license so it is properly zoned.
Thanks!
Best answer:
Answer by CHRIS M KERN
A local “Chicago Bank” that does this type of financing is Park National Bank. The main Chicago Branch is at the intersection of Chicago and Clark.
What do you think? Answer below!
Amalgamated Bank Appoints Director of its Commercial Real Estate Finance Division
Oct 21st
Amalgamated Bank Appoints Director of its Commercial Real Estate Finance Division
Seeking to further expand and diversify its commercial loan portfolio, Amalgamated Bank has selected Gardner B. Semet to head its Commercial Real Estate Finance Division. Mr. Semet brings to Amalgamated over 20 years of expertise in all facets of commercial real estate lending in the New York area and other U.S. markets.
Read more on PR Newswire via Yahoo! Finance
Commercial real estate experts offer different market outlooks
Local industry leaders at the Charleston Trident Association of Realtors’ commercial market forecast today highlighted positive indicators amid tough times. But the event’s keynote speaker painted a picture of protracted gloom on the national level.
Read more on Charleston Regional Business Journal
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