E "semi-officially, the government is now behind the movement to encourage the banks with their borrowers in the market for commercial real estate loans to small entrepreneurs and investors who are in crisis work. Why?" The main reason that the administration and economists are convinced that covered both the commercial property market in the next dominoes during this time to recover from the economic crisis could.
I am pleased with the advertising data> Owner? Not really. He is still on the shore. The budgets are still unstable. The vast majority of lenders, commercial real estate loans continue to hold the local and regional financial institutions. The Fed has stabilized is great, can not allow banks to fail, but really no plan for small and medium-sized banks had.
In 2009, we have already seen more than 120 banks taken over by the government. Recently, two banks wereSouthwest Florida, Orion and Century had closed their doors. What was the cost to the government and the taxpayer? Billion U.S. dollars! No wonder that the FDIC is running out of money. In addition, there was a loss-sharing agreement with the bank, came to rescue these banks fails to protect against future losses due to measures the bad loans. Yes, and it was only two small banks.
We are not in a depression, but a deep recession,seems to want not. None of the government in key economic indicators show a growth and a constant force. Some examples we saw in the past week were:
• highest rate in three decades
• Employment growth to zero, but the decline is in decline
• home sales, but with the sharp decline in values in conjunction
• Housing Starts Down, but producers fear that leads to sales tax credit
The commercial marketfollows with the housing market. All the above factors are directly to the difficulty that we in the recruitment of businesses and commercial real estate lending can be found are related. There are only six months, we have only residential foreclosures and sub-principal debtor belongs. Today we discover that the former, a borrower a loan with low interest rates 30 years fixed rate is now over 30% of statistics in the most recent foreclosure. Why? It's the economy, pure and simple.
It is No other commercial banks to the borrowers. are very strong in their business. Also look at economic indicators and the realization of the impact of them on the profitability of their customers. It is also necessary because of resource requirements by the Fed, to the credit portfolio, which have been reluctant to even meet to give to small entrepreneurs and investors.
The banks are in denial of their > Commercial Real Estate. They wrote their portfolios of residential mortgages, but most of their conventional loans was never on the books. They were almost immediately stayed on Fannie Mae and Freddie Mac, which either kept or sold securitized. Jumbo loans were a little "different. Some have been on the books, while others have been securitized and sold to institutional investors. The vast majority of small commercial properties, land> Loans and development, but remained in the balance sheets of banks.
What can they do with the property that has lost its value or do not work the loan? Not a lot! Most of them do not want to write as losses on loans because they can not afford to do, and not run the risk of upsetting the FDIC. You can not sell these properties due to the buyer to find a commercial loan. If you sell a vulture fund,they may receive only 30 cents for every dollar. So just try to ignore the problem hoping to pass it.
As a result, the main problem is that many of our lenders face in the future, a small business or a business loan for land and buildings. This is a difficult and full of potholes and land mines. The banks can no longer hide or ignore them further. They will be happyAlternatives.
So what's next? Commercial Property Solutions will soon be found for the majority of borrowers. You just have to know where to look!
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