Single and Loving It! Single tenant asset investment properties are a thriving area of the current commercial real estate market. These deals offer the apparent security of an ongoing rental income stream and purchasers perceive that the risk of these investments is more limited than commonly associated with purchasing larger retail centers. One of the … More Single and Loving It!
Playing With Fire Our dear friends at regional banks, commercial lenders and life insurance companies are making new commercial real estate loans. In recent months, Stein Law has closed several new financing transactions. But we have also witnessed a more concerning trend – borrowers getting strung along by lenders or brokers only to be left … More Playing With Fire
Stein Law (June 19 WEMAR PowerPoint)
Treatment For Troubled Assets From its inception, the Public Private Investment Program (PPIP) was considered to be a key component of the Treasury Department’s Financial Stability Plan. The PPIP was designed to attract private capital with financing incentives to acquire various troubled legacy loans (including residential and commercial mortgages) and the legacy securities backed by … More Treatment For Troubled Assets
Congressional members voiced concern at a TARP hearing that that many banks are not prepared to deal with the coming wave of commercial real estate loan defaults. Carolyn Maloney, chairwoman of the Congressional Joint Economic Committee, went on record to say “I am very concerned about the ticking time bomb we face in commercial real … More TARP Hearing Highlights CRE Problems
Earlier this week, the Federal Reserve announced that it is expanding the TALF (Term Asset-Backed Securities Loan Facility) to include real-estate backed bonds that were created before this year. Previously, the TALF program only accepted newly issued CMBS as collateral. Bonds for both new and legacy are being required by the Fed to have at … More TALF CMBS Expansion Raises Hopes
This morning I gave a presentation to the Central Arizona CCIM (Certified Commercial Investment Member) Chapter on the impact the Stimulus Package is having on the commercial real estate industry. My goal was to educate the attendees on some of the tools available to players in commercial real estate from the American Recovery and Reinvestment … More Presenting the Stimulus Package’s Impact on Commercial Real Estate
Today the federal government announced a new three-pronged plan to rid the financial system of toxic assets in the hopes that investors will be attracted to the deals because of the discount prices coupled with the benefits of government assistance. The plan relies heavily on participation from private-sector investors and is designed to expand existing … More Opportunities For Commercial Real Estate Investors With New Federal Toxic Asset Program