On Friday, August 26, Federal Reserve Chairman Jerome Powell warned that combating high inflation will likely mean higher interest rates “for some time. The historical record cautions strongly against prematurely loosening policy.” Speaking at the annual Jackson Hole Economic Policy … [Read more...] about 9.1.22: FED CHAIR POWELL SAYS HIGHER INTEREST RATES LIKELY TO LAST “FOR SOME TIME”
4.23.22: HIGHER RATES DRIVE U.S. HOTEL ROOM REVENUES ABOVE 2019 LEVELS
Higher rates continue to make up for lower occupancies across the U.S. hotel industry, pushing weekly room revenue higher than it was in 2019, but not high enough to negate the effects of inflation. Data from STR show U.S. hotel industry occupancy for the week ended April 23 rebounded from the … [Read more...] about 4.23.22: HIGHER RATES DRIVE U.S. HOTEL ROOM REVENUES ABOVE 2019 LEVELS
10.15.20: BORROWERS WANT HIGHER LIMIT FOR SIMPLIFIED PPP LOAN FORGIVENESS APPLICATIONS
The SBA has simplified the Payroll Protection Loan Program (PPP) forgiveness applications for PPP loans under $50,000. The new 3508S form is only one page. However, with the average PPP loan $150,000, bankers and borrowers want the simplified application limit increased to $150,000 or … [Read more...] about 10.15.20: BORROWERS WANT HIGHER LIMIT FOR SIMPLIFIED PPP LOAN FORGIVENESS APPLICATIONS
8.1.16: Trepp: CMBS Delinquency Rate Moves Higher Again in July
CMBS loan delinquency rose in July to 4.76%, up 16 basis points (bp) from June, according to Trepp. The July delinquency rate is 61 bp above its multiyear low of 4.15% recorded in February 2016. The delinquency rate was negatively impacted by loans unable to pay off at maturity, thereby being … [Read more...] about 8.1.16: Trepp: CMBS Delinquency Rate Moves Higher Again in July
7.26.13: Small Balance, Higher Leverage CMBS Loans Available
Higher leverage CMBS conduit loans are now available for small balance (greater than $5 million) transactions utilizing a first mortgage and mezzanine loan combination that is seamless to the borrower. Leverage can be up to 75% for hospitality properties and 80% for commercial/multifamily … [Read more...] about 7.26.13: Small Balance, Higher Leverage CMBS Loans Available
9.27.10: 60- to 120-Day Wait for Higher SBA Limits
“Although the report by Randy Griffin, President of CSRA Business Lending, a CDC in Augusta, GA, details all the positive elements of the Small Business Jobs Bill, it was very discouraging to discover the increase in SBA loan amounts to $5 million will take 60 to 120 days,” noted Michael D. Sneden, … [Read more...] about 9.27.10: 60- to 120-Day Wait for Higher SBA Limits
