Thank you for the opportunity to share general information relating to the commercial real estate finance industry and letting you know what's new at Cornerstone Commercial Mortgage. We value your relationship and believe better communication is another way we can serve you. |
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The Reality of Commercial Real Estate Today?
It is no surprise the experts are predicting the next shoe to drop is in commercial real estate. Over the next several years there are over $700 billion in CMBS loans maturing that need to be refinanced, and with values dropping and cap rates rising the realization that these loans can be refinanced is highly unlikely given today's stricter loan underwriting criteria. Most large investment properties purchased or refinanced with maximum leverage during 2003 and 2007 will most likely be under water today. What are the lender's options?
1. The lender can take a discount on the loan.
2. The lender can extend or restructure the existing loan.
3. The lender can foreclose and own the property.
If you are a borrower with a highly leveraged property and your loan is maturing there is a good chance you are going to need some assistance in getting your loan refinanced. It is important to be proactive and find out from the lender what option or options they are willing to take. There are sources out there that are available to facilitate a borrower in negotiating with the lender in order to pursue the best alternative. We have been able to assist some of our clients in navigating through this precarious process where your loan maybe under water and in need of being refinanced.
If you need to refinance your loan or you are trying to take advantage of the great purchase opportunities in the market today call us to see how we can help you.
On a positive note there are lenders still making loans. The active lenders are being most aggressive on smaller, owner-occupied commercial properties.
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Commercial Real Estate Is a 'Time Bomb,' Maloney Says
By Dawn Kopecki
July 9 (Bloomberg)
The $3.5 trillion commercial real
estate market is a ticking "time bomb" that may lead to a
second wave of losses at large U.S. banks, congressional Joint
Economic Committee Chairwoman Carolyn Maloney said.
About $700 billion in commercial mortgages will need to be
refinanced before the end of 2010 and "doing nothing is not an
option," Maloney, a New York Democrat, said at a committee
hearing today. This "looming crisis" may lead to significant
losses for banks, force shopping center and hotel owners into
bankruptcy, and impede economic recovery, she said.
Click here to read the rest of this article
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Who is in Your Inner Circle?
The people around you shape your own potential, so choose them wisely. Ask these questions:
1. Do they always show good character? Lack of integrity will bring catastrophe down on you all. Don't mess with amoral characters.
2. Do they have influence? Each advisor should have far-reaching ties within the organization, the industry and the outside world.
3. Are they too much like you? It's way too easy to hang out with like-minded people. Soliciting praise instead of candor, and driving away critics, will diminish your stature. If your inner circle looks like you, talks like you and shares your belief system, you're living in an illusion.
4. Will they provide expertise, skills and wisdom? Consider what they'll contribute to the discussion, what they'll create over the long haul and how they could fix things.
5. Are they peacemakers? Even a smidgeon of personal animosity could wreck the team. Set aside anyone with an ax to grind.
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 Integrity is the Cornerstone of our business
Cornerstone Commercial Mortgage specializes in commercial real estate finance. We act as mortgage consultants, focusing on providing the appropriate financing solutions for each client.
Contact John Lloyd at 702-379-3468 or
619-293-3919 E-mail - John.lloyd@cmlv.net
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 Quality Customer Service is our Guarantee
Kevin Moore
Vice President
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San Diego Office:
2356 Moore Street, Suite 201
San Diego, CA 92110
Las Vegas Office:
316 E. Bridger Ave. Suite 202
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"Tough times never last, but tough people do"
Robert H. Schuller
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