CMBS prices continue to climb as a result of low Treasury yields and steady spreads. The bigger story, however, was the strength in AM and AJ bonds over the last five trading days including Friday, August 27, 2010. According to Trepp, Mezzanine AAA bonds (AMs) from 2005 and 2006 started to trade … [Read more...] about 8.30.10: CMBS Prices Continue Climb, Class AM Bonds Reach $100
Archives for August 2010
8.26.10: Use HUD 221(d)4 Program for Multi-Family Rehab Loans
Many borrowers are facing a difficult time finding lenders interested in construction or rehabilitation loans right now. But multi-family owners with a need and desire to rehabilitate their multi-family properties are finding the HUD 221(d)4 program a viable alternative. “We direct clients with … [Read more...] about 8.26.10: Use HUD 221(d)4 Program for Multi-Family Rehab Loans
8.13.10: Business Owners Struggle as Lending Bill Stalls*
Rich Balka is hungry for capital. The Trenton, NJ entrepreneur whose company makes specialty rubber products, says he needs the money to buy raw materials, pay his workers and weather the last stretch of the recession. Balka’s sales fell 30% last year, forcing him to lay off one-third of his staff … [Read more...] about 8.13.10: Business Owners Struggle as Lending Bill Stalls*
8.11.10: SBA 504 Loan Interest Rate Drops Below 5% for Small Business Borrowers*
The Small Business Administration’s (SBA) 504 loan program is providing long-term, fixed-rate financing for the purchase of commercial real estate at one of the lowest interest rates since the program's inception. The SBA's lending partners, Certified Development Companies (CDCs), are busy working … [Read more...] about 8.11.10: SBA 504 Loan Interest Rate Drops Below 5% for Small Business Borrowers*
8.9.10: Demand Strong for Goldman’s CMBS Issue
According to Commercial Mortgage Alert, demand easily outstripped supply for the $788.5-million CMBS conduit issue from Goldman Sachs, Citigroup and Starwood Property that rolled out on August 4. The issue collateral consists of 23 mortgages secured by 40 properties. The majority of the collateral … [Read more...] about 8.9.10: Demand Strong for Goldman’s CMBS Issue
8.2.10: Thomas Wallace, President of IDS Corporation, Reports on HR 5297
On August 2, Tom Wallace, president of IDS Corporation, reported on the status of HR 5297, the Small Business Jobs and Credit Act of 2010. HR 5297, if passed, will create the Small Business Lending Fund Program and give the U.S. Secretary of the Treasury the authority to make capital investments in … [Read more...] about 8.2.10: Thomas Wallace, President of IDS Corporation, Reports on HR 5297
