Technorati Tags: CMBS

VIA CNBC

Technorati Tags: Capri Capital Partners, CNBC, commercial real estate, Quintin Primo

Conference rooms, storage areas, and cubicles in commercial office buildings are vacant. This is a nationwide trend according to Fortune. Office vacancy rates have risen 5% across the board in every industry (except government buildings). Layoffs and stagnant hiring in the this economy have turned many offices into “ghost towns. Less than one-third (30%) of the employers surveyed expect to need more office space in the years ahead.

Technorati Tags: Commercial Discount Note, Commercial Modification, Commercial Refinancing, Commercial Renegotiation, Commercial Restructuring, Commercial workout

J.P. Morgan Chase commercial-banking head, Todd Maclin who saved the bank from the commercial real-estate collapse by cutting back on lending while competitors made continued to loan. Maclin now advised J.P. Morgan to lend again to commercial real estate owners. Demand for new loans are on the rise. While much of the competition still can’t stomach the idea of making new investments.

- From 2005 to 2009, national outstanding commercial real-estate loans grew 55% to over $1.7 trillion

- From 2004 to 2007, the commercial bank slashed its real-estate exposure from about $20 billion to about $7 billion.

- With a 33% of all outstanding loans, nearly $1 trillion, coming due in the next 2 years, strong banks will get more opportunities.

VIA: Fox Business

Technorati Tags: Commercial Relief, Discounted Note Workout, foreclosure, J.P. Morgan, Real Estate, Refinancing Commercial Properties

In the above video, Fortune writer Colin Barr expressed concern that regional banks are facing huge exposure due to the commercial real estate bust. Barr also mentions questions in the commercial real estate market as compared to residential. The residential market isn’t expected to get that much worse but there are doubts when it comes to the future of the commercial sector. The ability for commercial property owners to refinance isn’t there due to the financial state of lending institutions. The banks are being very conservative in their underwriting which may lead to countless defaults.

Technorati Tags: commercial real estate, Fortune

This is a local case study that can apply to anywhere in the United States. A third of commercial property sales in Mecklenburg County involved. That is a higher rate than any year in the past 10 years. The number of deals also reached a decade low.

Distressed sales accounted 36% of transactions, which is up 18% from 2009. Lenders and owners are cutting losses. Third parties such as Commercial Loan Review can reach agreements between the banks and commercial property owners to reach a mutually beneficial agreement.

“Not only have banks come to the conclusion values aren’t what they were, people are finally realizing they aren’t going to recover,” said Tom Morgan, director with Glendale Partners in Charlotte to his clients.

Morgan and others believe the number of distressed commercial sales will grow during the next new 2 years, possibly to account for more than 50% of all sales in 2011.

Distressed sales, which include foreclosures, can put otherwise financially stable commercial property owners toward collapse, bankruptcy and delay a market’s recovery.

VIA Charlotte Observer

Technorati Tags: Distressed sales, foreclosures, Mortgage Modification, Mortgage Renegotiation

Utilizing our years of experience, we present the a series of tips for the commercial property owner in default.

Many inexperienced people recommend holding off making payments in order to show the bank you are having difficulties. If making payments is not too much of a hardship, it is a good idea to maintain your account in good standing. This is certainly a sign of good faith in the face of a hardship. And keeping your credit score at high levels will be important if new funding is necessary. In most cases, it isn’t true that the bank will not consider a negotiation if you are not past due. If the bank refuses payment, do not use your funds for other reasons. It may be necessary to show good faith payment during the negotiation process.

Technorati Tags: commercial loan modification, commercial loan review, short payoff

Presented by the Commercial Loan Workout specialists at CLR — tips for the commercial property owner facing financial hardships.

If your primary objective is to keep your property, then don’t rule out possible terms that the bank is willing to accept. If their best offer still doesn’t make sense, then, of course, accepting those terms wouldn’t make sense. But if your ultimate goal involves a principal reduction and the bank cannot or will not accept that, then you should consider alternative solutions to improving your cash flow.

Technorati Tags: commercial loan audit, commercial loan modification, commercial loan review, commercial loan review checklist

With an increasing number of commercial loan defaults, property owners are frantically seeking a solution to their financial crisis. The team at CLR is here to help! with a series of tip and tricks for commercial property owners facing hardships.

Banks are being flooded with requests for modification of loan terms. While they need to do something to keep a loan performing (or better get it off the books), they don’t have the time to develop every case properly. Those who walk in to their asset manager’s office with a complete package supported by data will get the strongest consideration.

Technorati Tags: avoid foreclosure, commercial forensic loan audit, commercial loan blog, commercial loan workout

In the above video from CNN, a Congressional panel looks at the state of the commercial real estate market in the wake of the financial crisis. President Obama’s plan makes residential properties affordable but completely leaves out the commercial property owner. Commercial Modification companies like Commercial Loan Review (CLR) take up the mantle on behalf of the commercial property owner by working with banks to stave off foreclosure and help with clash flow problems. Banks are willing to talk to residential property owners in order to comply with TARP (Troubled Asset Relief Program) but not to small and medium business owners with commercial properties. That’s why they need a third party like the experts at CLR working on your behalf to workout your discount note with the banks.

Technorati Tags: commercial loan modification, commercial loan review, commercial loan workout, commercial loss mitigation, TARP, Troubled Asset Relief Program