Yazan: RECI | 06 August 2010 | No Comments
Categories: News|Views, Scoreboard
Conservatively underwritten income-property loans are precious commodities capturing premium pricing and terms.
Yazan: RECI | 02 August 2010 | No Comments
Categories: Scoreboard
Chicago, Illinois, August 2, 2010 – Mid-year key economic indicators point to a more moderate recovery. During July, benchmark treasuries moved within a quarter point range and settled lower by about 20 basis points for five-year notes, while ten-year notes moved down less than 10 basis points, respectively. Mortgage spreads continued to barely tighten, netting [...]
Yazan: RECI | 07 July 2010 | No Comments
Categories: Scoreboard
Floating-rate loans stay attractive, sometimes below 4%, as fears of inflation dissipate for the time-being.
Yazan: RECI | 05 June 2010 | No Comments
Categories: Scoreboard
Targeted risk analysis is especially important today, given that uncertainty and ongoing shifts in demographics, consumer behavior and variability in economic and fiscal performance between and within regions that can be expected.
Yazan: RECI | 05 May 2010 | No Comments
Categories: Scoreboard
Like Humpty Dumpy, investors sit on piles of cash. These investors will either find profitable opportunities, or, cushion any financials falls by paying down debt on existing holdings.
Yazan: RECI | 01 April 2010 | No Comments
Categories: Scoreboard
In a sign of renewed optimism, Wall Street reenters the markets in its more traditional role of funding large and highly structured transactions, as well as ventures with debt/equity components.
Yazan: RECI | 02 March 2010 | No Comments
Categories: Scoreboard
Denial is now being replaced with Decision.
Yazan: RECI | 01 February 2010 | No Comments
Categories: Scoreboard
Realty capital activity is extremely limited, but mild optimism is in the air.
Yazan: admin | 02 January 2010 | No Comments
Categories: Scoreboard
The markets are bouncing along the market bottom as values continue to slide, but at less dramatic levels.
Yazan: realtycapital | 01 December 2009 | No Comments
Categories: Scoreboard
Mark Hayton, an Advisory Board Member of the Real Estate Capital Institute notes, “Credit-tenant commercial properties remain financeable, although strict underwriting standards are necessary.”
Yazan: realtycapital | 02 November 2009 | No Comments
Categories: Scoreboard
The Great Recession has permanently altered consumer, investment, and governmental behavior.
Yazan: admin | 01 October 2009 | No Comments
Categories: Scoreboard
Valuation driven by lower-leverage debt pricing and higher equity yields offers the most effective methodology for understanding values in today’s illiquid markets.
Yazan: admin | 01 September 2009 | No Comments
Categories: Scoreboard
Defensive investment tactics are the norm rather than the exception until more trades occur and properties are marked-to-market based on current conditions
Yazan: realtycapital | 03 August 2009 | No Comments
Categories: Scoreboard
Many legacy owners are more concerned about losing income stream rather than capturing new opportunity plays.
Yazan: realtycapital | 01 July 2009 | No Comments
Categories: Scoreboard
Smaller properties below $25 million enjoy the most amount of acquisition activity. Larger projects still create issues for attracting optimum leverage and sufficient funding sources.
Yazan: realtycapital | 01 June 2009 | No Comments
Categories: Scoreboard
Sellers without a dire need to for immediate liquidity are taking a ‘wait and see’ position. Today’s indecision could lead to tomorrow’s panic to sell against upcoming CMBS and bank loan maturities without refinancing options
Yazan: realtycapital | 01 May 2009 | No Comments
Categories: Scoreboard
Lenders, borrowers, investors, tenants, developers and nearly everyone in the real estate industry is in a defensive mode.” He suggests, “As TARP/TALP funds trickle into the financial system and lenders mark down legacy assets to current metrics and sell those assets, more badly-needed liquidity will return to the industry and transaction activity will increase.
Yazan: realtycapital | 01 April 2009 | No Comments
Categories: Scoreboard
While declining rents, rising capitalization rates, and challenging economic and financial conditions make for black moods for real estate investors and developers, this is a good time to prepare for the return of prosperity.
Yazan: realtycapital | 02 March 2009 | No Comments
Categories: Scoreboard
Distressed deals will be the norm for most new acquisitions and investors will be overwhelmed with renegotiating overleveraged debt.
Yazan: realtycapital | 02 February 2009 | No Comments
Categories: Scoreboard
Buyers and sellers are still reluctant to transact, mostly due to stingy debt markets. However signs of improvement are emerging as buyers realize few opportunities for core properties are available.
Yazan: realtycapital | 02 January 2009 | No Comments
Categories: Scoreboard
2009 looks to be a year of refinancing and with limited acquisition activity. Distressed deals will be the norm for most new acquisitions and lenders will be overwhelmed with renegotiating overleveraged debt.
Yazan: realtycapital | 01 December 2008 | No Comments
Categories: Scoreboard
The Fed continues a monetary blitz of helping banks and other financial institutions return to the market to recreate more competition and liquidity.
Yazan: realtycapital | 01 November 2008 | No Comments
Categories: Scoreboard
Seven Percent – The New Mortgage Rate Benchmark for Income Properties…
Yazan: realtycapital | 01 October 2008 | No Comments
Categories: Scoreboard
Chicago, Illinois, October 1, 2008 – It’s a good news/bad news real estate capital marketplace. Mortgage markets are plagued by Wall Street market malaise and swooning prices, yet as far as commercial real estate debt is concerned, overall default rates and profit performance remain at historically favorable levels Funding sources and borrowers alike are very [...]
Yazan: realtycapital | 01 September 2008 | No Comments
Categories: Scoreboard
Low leverage begets low volume.
Yazan: realtycapital | 01 August 2008 | No Comments
Categories: Scoreboard
Buyers and sellers are still reluctant to transact, mostly due to stingy debt markets. However signs of improvement are emerging as buyers realize few opportunities for core properties are available.
Yazan: realtycapital | 02 July 2008 | No Comments
Categories: Scoreboard
All in all, rates are still very attractive by historical standards; however, more equity is required to capture financing.
Yazan: realtycapital | 02 June 2008 | No Comments
Categories: Scoreboard
Chicago, Illinois, June 2, 2008 – Despite unprecedented measures by The Federal Reserve, the credit crunch continues to spread from the housing sector to the commercial real estate sector. The volume of real estate transactions remains light and credit spreads have recently started to tighten while overall rates are rising — with a net effect of mortgage [...]
Yazan: realtycapital | 01 May 2008 | No Comments
Categories: Scoreboard
The most profitable and illiquid component of the real estate capital stack is mezzanine debt. In many cases, developers and property owners find it more attractive to lend mezzanine funds as opposed to directly purchasing properties.
Yazan: realtycapital | 01 April 2008 | No Comments
Categories: Scoreboard
The long-term solution for improving capital market malise is to educate and protect the demand side by encouraging moderation and safer practices.
Yazan: realtycapital | 03 March 2008 | No Comments
Categories: Scoreboard
Current CMBS pricing reflects a discount for any security that is in a ‘structure’ and is not reflective of the underlying real estate.
Yazan: realtycapital | 01 February 2008 | No Comments
Categories: Scoreboard
Reliability of buyer performance has emerged as a top priority creating opportunity for groups that follow through on purchases.
Yazan: realtycapital | 02 January 2008 | No Comments
Categories: Scoreboard
Securitized lenders are not currently quoting deals to win. They will lend, but only under their terms.
Yazan: realtycapital | 03 December 2007 | No Comments
Categories: Scoreboard
The re-found recognition and re-pricing of risk will in the long run be healthy for market participants.
Yazan: realtycapital | 01 November 2007 | No Comments
Categories: Scoreboard
The markets are back to ‘normal’ as defined about three years ago.
Yazan: realtycapital | 01 October 2007 | No Comments
Categories: Scoreboard
After more than a decade of borrower-friendly funding, lenders are gaining the upper hand in transaction negotiations.
Yazan: realtycapital | 04 September 2007 | No Comments
Categories: Scoreboard
During the last three years the CMBS markets completely dominated nearly all sectors of the capital markets and Wall Street’s malaise brings a more level playing field for [traditional] lenders.
Yazan: realtycapital | 01 August 2007 | No Comments
Categories: Scoreboard
Unless a property is in a very desirable market backed by high-quality cash flow, sellers should expect more challenging price negotiations than in recent years.
Yazan: realtycapital | 01 July 2007 | No Comments
Categories: Scoreboard
From a historical perspective, leverage availability and underwriting standards are more liberal than any time during the past few decades.
Yazan: realtycapital | 01 June 2007 | No Comments
Categories: Scoreboard
Rates are still attractive despite overall increases in spreads and treasuries. Lenders demonstrate vast creativity in funding all types of loans.
Yazan: realtycapital | 01 May 2007 | No Comments
Categories: Scoreboard
Realty capital markets are fraught with cash. Virtually any project backed by qualified sponsorship and sound economics is financeable.