Tag: <span>#CRE</span>

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NOT A SURPRISE, BUT WHAT TO DO?

  Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC. The repeat CRE sales of $39.1 billion for the first 5 months of 2020 fell 24.2% from the same time a year earlier, according to the latest monthly CoStar Commercial Repeat Sale Indices. This is the first look at the...

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THE FED IS JUST THE TIP

  Perhaps a better question isn’t when will they drop or raise the rate again, or by how much, but rather why will they do either, or consciously decide to do nothing.   The by-now-well-known (accepted) reason is to support the stock market, of course. But that’s old hat – everybody knows that, and as...

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HOW LONG CAN IT LAST?

And what would “it” be, we query? Why “the cycle” of course. Pick your cycle of choice: the economic cycle, the credit cycle, the business cycle, the stock market cycle, the labor cycle, etc.While these, plus others, are loosely sequenced, they are by no means coincidental. Our cycle of greatest consideration at Counsel Mortgage is...

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COMMERCIAL REAL ESTATE AS AN INVESTMENT

Wait a minute … shouldn’t this be written by a commercial real estate broker? Good question – read on. Money is mobile. It moves among markets, countries (currencies), and asset classes in order for the investor to optimize his (or her) risk/reward. This is notable and timely today given the recent activity in the stock...

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BANKS ARE EXPECTING A STRONG YEAR (2019) FOR CRE LENDING

Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC.   The Mortgage Bankers Association (MBA) recently reported another stellar year for commercial/multifamily mortgage originations in 2018. Although the MBA will release final data next month, results from its fourth quarter mortgage originations survey point to volume that could be...

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UP 1% IN 2018

The Fed’s quarter point bump in Dec. is now in the books. Their most recent forward guidance suggests two ¼ point increases in 2019 … but when? The early money says Jun & Dec.   Most every market prognosticator, soothsayer, psychic and analyst state that their market is “late in the cycle”. Which cycle that...

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TERM SHEET OR COMMITMENT LETTER

The glossary of terms in commercial real estate (CRE) lending is packed with synonymous and unique terms not typically found outside the arena of commercial real estate lending, and often mis-used by practitioners within the industry, as well as those bumping up against CRE lending in their respective tangential industries, e.g., CRE real estate licensees, escrow...

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CRE LENDING NOT OVER-HEATED

The latest Senior Loan Officer Opinion Survey from the Federal Reserve offers good news for business in general, reporting that terms and conditions for loans have continued to ease. The commercial real estate (CRE) sector, though, received no such love. Banks kept commercial real estate lending standards about unchanged on balance, it said. It wrote:...

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Booming Economy Prompting Hawkish Fed Policy

June 13 the Fed raised its benchmark interest rate, the Fed Funds rate, by another ¼%. Two additional increases anticipated in Sept and Dec. The Fed’s overnight lending rate is now in a range of 1.75% to 2.00%. Citing stronger consumer spending, and a highly optimistic business community, the Fed laid out the potential for...

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COMMERCIAL LENDING UPDATE

The yield on the 10-yr U.S. Treasury spiked to 3.03% two weeks ago (4-25-18), breaking a decade long downtrend. This highlights a major problem (or achieving a solution if you’re the Fed) – inflation is back. As Bloomberg noted that morning, something even more foreboding is the move in short term rates, up, which according...