Commercial property owners brace for an uncertain future. With $814 billion in commercial real estate loans expected to mature by 2011, there is substantial concern among analysts that a series of commercial loan defaults is looming. In another attempt to loosen credit and extend commercial real estate lending, the Federal Reserve and Treasury Department announced … More Long Live the King
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
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
I will be speaking at the May CCIM (http://chapters.ccim.com/centralarizona) Chapter Breakfast Meeting on Wednesday, May 6, 2009 and discussing the stimulus package (Embassy Suites Phoenix-Biltmore, 2630 E. Camelback Road, Phoenix, AZ 85016)
