News Release- Commercial Real Estate Loan for $1.5 Billion Secured

Posted by admin on May 11, 2009 under Good Info - Read It | 2 Comments to Read

This news release surfaced today – it seems that Capmark Financial has secured a loan from private sources in the sum of $1.5 billion. CapMark is an investment firm that specializes in CMBS (commercial mortgage backed securities). They currently have a portfolio of investments are beginning to come due in 3Q and 4Q 2009. This loan will stabilize their portfolio of investments for at least 10 months at worst, depending on terms and conditions set forth the the loan documents.

To me, this is a great sign that some of this commercial debt is attractive to large investment banks – and that they are willing to put some of their cash on the street and at risk for the next 12-18 months.

Full News Release: Read more of this article »

1Q 2009 – Commercial Rental Rates Continue Downward

Posted by Clarke on April 2, 2009 under Good Info - Read It | Be the First to Comment

U.S. office rents declined at the steepest rate in seven years during the first quarter of 2009, according to research firm Reis Inc.

“It’s really sobering to see that even though we’re technically at the beginning of this downturn, the magnitudes of the declines, the fact that they’re registering historic levels, is really sobering,” says Victor Calanog, Reis director of research. Read more of this article »