Archive for the 'The Institute' Category

Welcome to the Institute’s Updated Website

Yazan: RECI | 17 January 2010 | No Comments
Categories: The Institute

During the past two years the Institute has been updating the website. Our website continues to change and improve based on your comments.
Thank you for your patience and please feel free to add any suggestions.

New Daily Newscast Updated for Income-Property Capital Yields

Yazan: RECI | 03 May 2008 | No Comments
Categories: News|Views, The Institute

Listeners asked for more extensive coverage of the markets, but wanted us to keep the Rateline brief and simple — RECMD is the solution.

Harold “Skip” Perry Joins the Editorial Advisory Group of the Real Estate Capital Institute®

Yazan: realtycapital | 16 November 2007 | No Comments
Categories: People, The Institute

Leading Industry Veteran Brings Greater Depth to Institute’s Think Tank.

"Dial4News" Technology Launched

Yazan: realtycapital | 10 September 2007 | No Comments
Categories: Education, News|Views, The Institute

Affordable Phone Answering Service System Delivers Automated, Continuous News.

"Go West Young Man"

Yazan: realtycapital | 15 May 2007 | No Comments
Categories: The Institute

Chicago’s Rediscovered Westside.

National Landmark Serves as a Branding Strategy

Yazan: realtycapital | 20 December 2006 | No Comments
Categories: The Institute

Virtual Office Space Tenant Still Needs Visibility.

"City within a City" Celebrates 100 Years

Yazan: realtycapital | 06 November 2006 | No Comments
Categories: The Institute

Formerly World’s Largest Commercial Complex Has New Life.

Historic Sears Headquarters District Finds New Life

Yazan: realtycapital | 06 November 2006 | No Comments
Categories: The Institute

Technology and Research Replace Catalogs in Chicago’s North Lawndale Area.

Chicago – A Successful Urban Redevelopment Story

Yazan: realtycapital | 24 October 2006 | No Comments
Categories: The Institute

The Real Estate Capital Institute is an example of an organization seeking the urban dynamics offered by Chicago.

Chicago's North Lawndale District Gaining Ground

Yazan: realtycapital | 27 August 2006 | No Comments
Categories: People, The Institute

Many employers and academic institutions are within the general area including the Illinois Medical District, the Homan Arthington Foundation and the Real Estate Capital Institute.

US-RateWatch Toll-Free Capital Market Phone Service

Yazan: realtycapital | 14 August 2006 | No Comments
Categories: News|Views, The Institute

News Service Provides Hourly Updates on Commercial Mortgage Rate Changes

Original Sears Tower Celebrates 100 Years

Yazan: realtycapital | 28 July 2006 | No Comments
Categories: The Institute

The Real Estate Capital Institute will be opening a Sears Catalog Plant Museum by donating a collection of artifacts, photographs and rare memorabilia honoring the people, buildings and products that made this area world-famous during the past century.

The Real Estate Capital Institute Announces Relocation

Yazan: realtycapital | 10 June 2006 | No Comments
Categories: People, The Institute

First Sears Tower Nabs Tenant

DePaul University Students Study Original Sears Tower

Yazan: realtycapital | 14 May 2006 | No Comments
Categories: People, The Institute

During the first two decades of the 20th century, this property was the most famous commercial structure in America as it was represented on almost all of the Sears Catalogs printed during this era.

The Centennial Sears Tower

Yazan: realtycapital | 10 February 2006 | No Comments
Categories: The Institute

Landmark Inspires Museum.

Nation's First Real Estate Capital Market Hotline Updated

Yazan: realtycapital | 10 January 2006 | No Comments
Categories: The Institute

Hourly Updates Available By Phone for Commercial Realty Rates and Indices.

MORTGAGE RATES

« "Current permanent loan rates for income-properties start at 5.5%. Dial 773-CAPITAL (227-4825) for the Real Estate Capital Rateline for daily update." »

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Las Vegas, NV - February 6, 2010 - According to industry leaders gathering in Las Vegas this week, debt capital is readily available for 2010. Optimism is in the air and the mortgage lenders are starting to offer more generous terms and conditions. In summary, timing is excellent for select borrowers in securing debt based on the following conditions: (1) Recovering economy, (2) Ample supply of capital and (3) Limited supply of financeable real estate assets. The following highlights summarize the 2010 state of the realty capital markets including an overall outlook and overall funding program offerings: Back to Basics: As lenders workout of their legacy problems, new funding goals surface which are clearly more ambitious than 2009. Still underwriting of actual numbers w/o projections, yet inflation fears exist. Most lenders are Indifferent to spreads, but not competition. Valuing real estate properties in a declining market still a challenge. More allocation of funds available above target amounts if deal flow is of sufficient quality Underwriting Dynamics: As has been the case last year, high-quality projects in major markets backed by excellent sponsorship and cash flow characteristics are most desired—especially based on low leverage of 65% of value. Location/Property Types: Major MSAs strongly preferred for optional pricing and leverage. Otherwise a substantially most costly financing with lower leverage. Preferred property types ranked in order: (1) Multifamily, (2) Credit-Tenant lease of all property types, (3) Industrial, (4) Retail, (5) Office - however medical office ranks equal to Industrial and (5) Lodging. Pricing (Permanent Fixed-Rate Loan): Agency pricing for apartments starts in the low to mid-5% range for 5 year or greater term. Life company pricing starts mid-5% to 6% for 5 years or more term mostly targeted for commercial property pricing (agencies are more competitively priced) More entrepreneurial funds start at 7% or more targeting secondary markets, smaller fundings, older properties and lodging assets. Add a pricing premium of 25 to 50 basis points for loans below $5 million. Yield differential disappearing - typical ($5 to $50 million) vs. larger loans. Forward funds available up to a year based on 6 o 8 basis points premium per month. Leverage: Above 65% LTV on a select basis combined with lower spreads. Values based on the lower of: (a) purchase price, (b) appraised value or (c) lender imposed capitalization rate.