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. |
Why Aren't The Banks Lending?
While the Federal Reserve continues to pump money into the system at an unprecedented rate, less and less of it is finding its way to commercial borrowers. Instead, it's being used to prop up speculators and financial firms. See below results from the Federal Reserve's survey on bank lending practices. As you can see the Banks have tightened lending standards not seen since the early 1990's.
Two main reasons why the banks are slow to lend:
- Underwriting standards have tightened as a result of loan losses and the turmoil going on in the financial markets.
- Bank capital has been hit hard in wake of the loan losses which has hampered the bank's ability to increase lending capacity.
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Return To Balance-Sheet Lending Could Mean More Mezz
Commercial Mortgage Insight, September 2008, By Rance Gregory
Under the right circumstances, mezzanine pieces hold particular appeal these days for both borrowers in need of a leverage boost and lenders seeking to reduce exposure.
Once upon a time, balance-sheet lenders walked the earth. These were slow, bulky creatures, burdened with pouches full of loans, including both first-mortgage and secondary-financing varieties.
When times were good, these prehistoric animals would hit earnings targets by receiving income from debt service payments on performing loans. In bad times, they would experience loses on nonperforming loans, and lending would constrict until problems were resolved and the balance sheet was cleared again for fresh lending. Click here to read the rest of this article
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When You're Just a Lucky So-and-So
From their unique vantage point working with rocket scientists at NASA, two budding managers learned how to handle luck, good and bad.
Here's their take on optimizing your chances for good luck and minimizing the the effects of bad luck:
1. Winners in business prepare themselves and their staffs to handle unpredictable events. Then they say, "We were just lucky."
2. When something unforeseen happens, they snap it up and exploit it. They equate a problem with an opportunity.
3. How do you exploit bad luck? When people let you down, equipment fails or the market turns, you need emergency plans in place and you need to have practiced them. If you goals change, act quickly to stop your losses.
4. How do you exploit good luck? Stay on the lookout for great individuals or teams becoming available just as funding comes online. Maintain your professional network. Keep your thinking cap on so you can identify completely new processes.
From Executive Leadership, Vol. 23, No 9 September 2008 | |
 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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Kevin Moore
Vice President
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San Diego Office:
2356 Moore Street, Suite 201
San Diego, CA 92110
Las Vegas Office:
375 E. Warm Springs Road, Suite 104
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"In a moment of decision the best thing you can do is the right thing. The worst thing you can do is nothing."
Theodore Roosevelt
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