Here is vary insightful video on the growing concerns on the Commercial Real Estate Finance industry.
Commercial Real Estate's Impeding Doom - Bloomberg
http://www.youtube.com/watch?v=RVYK2_NBI9E&feature=related
Saturday, September 5, 2009
Thursday, September 3, 2009
New Investment Listing!
The Abound Solar building is a freestanding industrial facility strategically located just north of Denver, Colorado along Interstate 25. Originally built for Applied Films Corporation in 1998, this Class A Manufacturing Facility was leased to Abound Solar in 2008.
Purchase Price: $10,500,000 ($83.17/SF)
Investment Values: 8.2% CAP; 20% Leveraged IRR; 17% Initial Cash-on-Cash
Seller Financing: The Seller, First Industrial L.P., would consider financing the disposition of this asset for a qualified investor at attractive terms.
Property Size: Building – 126,385 SF; Site – 7.66 Acres
NNN Lease Term: April 1, 2008 - October 31, 2015
Property Features: Facility upgrades include Heavy Power, Chilled Water System, 100% Temperature Controlled Space, Upgraded Lighting and a Compressed Air System.
CMBS Loans Coming Due
Finally Congress is getting concerned with the CMBS market and the $150B in Commercial Real Estate loans coming due in 2012! Click here for today's GlobeSt.com article: http://ow.ly/nV4a
Thursday, August 6, 2009
Concerns for Commercial Real Estate
Here is a great article that discussed the looming concerns for commercial real estate across the country for the next several years.
Faltering Property Values Hamper Commercial Mortgage Refinancing Efforts
Aug 5, 2009 6:29 PM, By Sibley Fleming
While there’s been a lot of buzz surrounding the “2011 issue” — a term coined by commercial real estate experts in reference to $296 billion in maturing loans originated in 2006 and 2007— refinancing some $250 billion in loans coming due this year holds no shortage of drama.The percentage of foreclosed commercial mortgages held by banks at the end of the second quarter more than doubled to roughly 4.3%, or $7 billion total, compared with a year earlier, according to estimates by Foresight Analytics. The research firm projects that percentage to reach 4.6% by the end of 2009.As valuations and net operating income continue to decline and debt financing remains scare, borrowers are feeling the pinch. Valuations are reaping the most havoc on maturing loans. Since peaking in October 2007, asset values have plummeted 29.5% year-to-date through April, according to the Moody’s/REAL Commercial Property Price Index.
Click here for the full article on the National Real Estate Investor Web site:
http://nreionline.com/news/maturing_loans_2009/
Faltering Property Values Hamper Commercial Mortgage Refinancing Efforts
Aug 5, 2009 6:29 PM, By Sibley Fleming
While there’s been a lot of buzz surrounding the “2011 issue” — a term coined by commercial real estate experts in reference to $296 billion in maturing loans originated in 2006 and 2007— refinancing some $250 billion in loans coming due this year holds no shortage of drama.The percentage of foreclosed commercial mortgages held by banks at the end of the second quarter more than doubled to roughly 4.3%, or $7 billion total, compared with a year earlier, according to estimates by Foresight Analytics. The research firm projects that percentage to reach 4.6% by the end of 2009.As valuations and net operating income continue to decline and debt financing remains scare, borrowers are feeling the pinch. Valuations are reaping the most havoc on maturing loans. Since peaking in October 2007, asset values have plummeted 29.5% year-to-date through April, according to the Moody’s/REAL Commercial Property Price Index.
Click here for the full article on the National Real Estate Investor Web site:
http://nreionline.com/news/maturing_loans_2009/
Thursday, July 30, 2009
2Q2009 Denver Commercial Real Estate Newsletter
Our 2nd Quarter Denver Commercial Real Estate Newsletter is now complete! Now is a terrific time for Tenant's and well capitalized buyers to take advantage of opportunities in the marketplace. Follow this link for a full copy of the newsletter and please contact me to discuss specific strategies. http://www.bitzerrep.com/pdf/BitzerNewsletter2009Q2.pdf
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