Monthly Archives: July 2009

OK, One More Slam at Commercial then On to Making Money

Reuters reports today that “U.S. commercial real estate prices, which have fallen about 35 percent from their peak in October 2007, are a major driver of banks’ loan losses. Banks expect to take more write-downs from commercial real estate for … Continue reading

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Slowdown? Lowdown

It’s true, SBA lending is way off at the big shops, except for the Giant Stagecoach, according to USA TODAY last week. The stats, year to date ’09: Wells Fargo $353 million ( Up 1.9%) PNC $85 million (-18.2%) US … Continue reading

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Here Comes the Flood in Commercial – While SBA is Looking Up

Stay the course, steady as she goes The expanding secondary for 504 loans, yes, I said EXPANDING – and the possible enhancements to the program – including $15 billion in liquidity – is just around the corner And the 7A … Continue reading

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Time for Texas

As a business lender and, yes, a commercial real estate lender, I find 3/4 of the news troubling – an avalanche of bad loans headed our way, CIT in trouble, another bank failure, huge writedowns at Wells, US Bank, Citi, … Continue reading

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Positivity for July 21

Want some more bad news? Not here! No, if you want more doom and gloom, read about the avalanche of CMBS maturities that are going to kill commercial RE lending for years. Or read about the sad state of (gulp) … Continue reading

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A Six Step SBA Success Story!

1. See the Light: Once upon a time, a successful small balance commercial mortgage broker became more successful despite the worst recession in 50 years. He realized that the only liquidity in the CRE market, for a while, was in … Continue reading

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More on CIT from the Wall Street Journal

CIT Update: The Journal, Times and Post today highlighted the impact of CIT’s troubles on borrowers. The Journal said worries about the lender’s fate “cascaded through the retail and anufacturing industries Thursday as companies stopped shipments and businesses worried about … Continue reading

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7A Production Forecast Upbeat in a Down Market

SBA production is on the way up! Here’s how to get on board! Continue reading

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Thursday, July 16 — this from 19th c English biologist Thomas Huxley: “Try to learn something about everything and everything about something. ” SBA is a specialty — and the devil is in the details — so while you may be … Continue reading

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It’s About Success!

Success as a Commercial Mortgage Broker starts with a vision. Continue reading

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