Posts Tagged ‘lending’
Commerial Real Estate Week in Review
February 13th, 2010 | 
Author: For the Week of February 6-12
- Will small U.S. banks have to start curtailing lending?
- Fannie and Freddie are set to purchase $200 billion in delinquent home loans.
- Multifamily REIT CEOs expect improvement in fundamentals in 2010 and a generally positive year.
- Mall landlords are expecting a much better 2010 according to WSJ online.
- An aquarium development deal in Times Square?
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Posted in Week in Review | 
Tags: aquiarium, BlackRock, commercial real estate blog, construction loans, construction spending, delinquient loans, Dubai World, Fannie Mae, FDIC, Freddie Mac, ing clarion, lending, lennar corp, multifamily, Peter Cooper Village, Philadelphia Commercial Real Estate, private equity, real estate finance blog, REIT, reskinning, Retail, retail landlord, small banks, special servicer, Stuyvesant Town, Times Square, Tishman Speyer, Wall Street Journal | 
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CRE Videos of the Week
Starwood Hotels CEO on Earnings and Outlook
Geithner On Community Banks
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New Bank Prop-Up to Cause New Blow-Up?
While many you have not even gotten to the ‘aftermath’ portion of the credit crisis, the federal government is busy not learning lessons with the benefit of hindsight. Obama’s plan to funnel $30 billion to “small banks” is exactly the sort of central economic planning that effectively caused the crisis. Read the rest of this entry »
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Posted in Economy, Politics/Government Programs |
Tags: bank failure, bank failures, credit crisis, FDIC, financial system, Hank Paulson, job creation, Lehman, lending, mortgages, Obama, small banks, Tim Geithner, unemployment |
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Capmark: Bankruptcy Over Firesale?
Last week, A Warren Buffet-led group struck a deal to acquire Capmark Financial Group Inc.’s mortgage banking business . A newly formed entity owned by Buffet’s Berkshire Hathaway Inc. and Leucadia National Corp. was given a put option to purchase Capmark’s North American servicing and mortgage banking businesses. Capmark operates three core business lines: lending and mortgage banking, investments and funds management, and servicing. The latter of which is, and has been drastically adversely affected by the poor performance of the first two. Jeff Zaun from S & P remarked recently, “We expect Capmark either to enter Chapter 11 bankruptcy proceedings or to negotiate a distressed exchange outside of bankruptcy, which most likely would affect most of its debt. We will consider either of these events to be a default.” And Buffet’s bid reflects either possibility, offering $490M, or $415M if Capmark files for bankruptcy. So why do I expect Capmark to choose bankruptcy?
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Posted in Banking & Finance |
Tags: bankruptcy, Berkshire Hathaway, bondholders, Capmark, CMBS, debt, debtors, default, lending, leucadia Natioanl Corp., liquidity, mortgage banking, S&P, servicer, Warren Buffet |
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RE Buyers Are Back, So Banks Are Too
Check out these two videos. When buyers are back, banks are back….and we tell you which regional ones are well poised to take advantage.
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Posted in Banking & Finance, Economy |
Tags: banking sector, BB&T Bank, book value, Comerica Bank, Hudson City Bank, lenders, lending, PNC Bank, US Bank |
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