Peter Pays Paul

Inside commercial hard money lending.

11 Dec

Commercial Real Estate News and Reading

Category: Commercial Real Estate, Investing

Office Depot Shuttering 126 Stores, 6 Distribution Centers, and Cutting 2009 Store Opening Plans – CoStar Group

Office Depot is shuttering 122 stores. This is more bad news for retail property owners.

Mortgage Troubles Are Moving Downtown

The NY Times is reporting on the likely increase in defaults of CMBS loans.

Many of these loans were made in a competitive lending market. Underwriters made aggressive forecasts for property income and expenses in order to justify higher loan amounts.

If the buildings miss these targets or lose tenants it may be difficult for them to make the monthly payments on this CMBS debt.

Distress Reliever

The New York Observer has an interview with the head of CB Richard Ellis’ distressed asset team, Spencer Levy. CB Richard Ellis is among the many players that have formed distressed asset teams or funds to take advantage of the incredible buying opportunity in the coming years.

Tags: Commercial Real Estate


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Posted Thursday, December 11th, 2008 at 9:56 am
Filed Under Category: Commercial Real Estate, Investing
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