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. |
Private Money - a viable option to help you take advantage
of the real estate investment opportunities available today.
The
opportunity cost of missing a great deal can many times be far more expensive
in the long run than using private money.
The investment opportunities resulting from this recession are finally starting
to surface in the commercial real estate market. Over the last year or so
there have been excellent deals in the residential single family market through
short sales and foreclosures. In the commercial real estate market banks
have been slow to act on problem loans, thus delaying the opportunities that
lay hidden ready to be picked up by those investors who are ready and have
their financing lined up. Throughout the recession the banks' motto for
their commercial real estate problem loans has been "Extend and Pretend". However, recently we are seeing more banks start to be
proactive and realistic by discounting notes and selling foreclosed properties
creating some excellent commercial real estate deals not seen since the RTC
days in the early 1990's.
We are going to see some unprecedented investment opportunities as the fallout
from the commercial real estate market materializes. Using private money
to secure a transaction may be more expensive initially, but the upside potential
of landing an excellent deal today may far exceed any cost for private
money.
We have access to private money for all product types including land, so don't let a great opportunity pass you by. Call us today to see how we can help you.
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Land Prices Jump as Home Builders Move In
By Dawn Wotapka
Wall Street Journal
April 21, 2010
Foreclosures and depressed prices are still hammering the Phoenix housing market. Yet home builder Pulte Group Inc. this month had to fight off six other bidders to win land in the suburb of Gilbert.
In Arizona and across the U.S., home builders are battling to
acquire land lots in preparation for ramping up home construction.
While volume is tough to track, analysts report that land deals have
been rising rapidly in recent months, causing land prices in some of
the nation's weakest housing markets to rise for the first time since
2006.
"There's been an absolute land rush," said Gregor Watson, a partner
with McKinley Partners, a California-based real-estate fund that works
with builders.
Click to read the rest of this article
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Great Expectations
John Maxwell
A primary responsibility of leadership is to communicate expectations, both
with words and actions. When leaders carefully and consistently set
expectations, they engineer a flourishing work environment. However, when
leaders abdicate their duty to communication expectations, chaos ensues. Here
are six rules of thumb to follow as you set expectations in your organization.
1)
Set them for yourself first
2)
Set them early
3) Set them clearly
4)
Set them optimistically
5) Set them
realistically
6)
Exceed them consistently
Go above and beyond what others expect from you as a leader. People expect
you to be fair, but be generous as well. People expect you to respect them, but
show you care for them, too. People expect you to be judicious when you
exercise authority, but be willing to serve also. Over time, as you exceed
expectations, talented people will flock to your organization. Everyone wants
to work for a leader who has his or her best interests in mind and leads with
excellence on a consistent basis.
Click to read more details
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