Scottsdale, AZ (Vocus) October 14, 2009
Joe Gigliello and Brad Rust have joined Lackman Industrial Group in LaJolla, CA.
Tag Archives: Commercial
Where has all the commercial genuine estate liquidity gone?
Richmond, VA (PRWEB) January 13, 2009
In an effort to supply developers and investors with the data they want to transact organization effectively and profitably, John B. Levy & Organization is making a series of podcasts on trends and issues that impact the commercial true estate marketplace. These podcasts, offered at http://www.jblevyco.com, address problems such as methods for improving liquidity in a tight market place and the effect of slowing loan originations on the commercial actual estate industry.

In its most recent podcast “Where Have All The Flowers Gone?,” the firm offers genuine estate borrowers three guidelines for executing deals in what will likely be one more tumultuous year in the capital markets.

Very first, have realistic expectations – this is the longest recession we’ve had because the Excellent Depression. Even though most people grew to love 75 – 80% leverage in the glory days of 2005 – 2007, borrowers need to expect something far more in the range of 60 – 65% this year. If you happen to be borrowing from a bank, plan on complete or partial recourse. If non-recourse is a requirement, then you will want to borrow from an insurance coverage company or pension fund. And if you have your heart set on an interest-only loan, then program on a broken heart as these loans are basically not available these days.

Second, how to handle CMBS loan maturities. Very first, never panic. Clearly, the 2008 CMBS market was ugly – volume was down over 95% from 2007 volume. But CMBS is not dead forever – it will come back at some point, but with some structural modifications. If you have a loan coming due, most particular servicers are empowered to extend loan terms, change rates and make other loan modifications. They aren’t in the loan-to-personal business, so their 1st selection is not to foreclose on your home – they want to have the loan paid off. They will possibly try to grant an extension even if it’s not an extension you get in touch with terrific – larger interest price, added cash equity requested, or principal amortization.

Third, with the present credit crunch, it’s an superb time to leverage excellent multifamily items. Thanks to Freddie Mac and Fannie Mae, multifamily is the only asset class with a semblance of normalcy. Prices are cheap – six% fixed variety (four% and reduced for floating), 75-80% leverage, and non-recourse.

Firm Background
John B. Levy & Business, Inc. is a true estate investment-banking firm headquartered in Richmond, Virginia. Because John Levy founded the business in 1995, the firm has structured more than $ three.5 billion in financing for developers and owners of industrial and multi-family projects nationwide, often investing its personal proprietary funds into transactions with its clientele. Mr. Levy is an expert on commercial genuine estate financing and the effects of interest rates on industrial real estate markets. He is the originator and author of the Barron’s/John B. Levy & Company National Mortgage Survey, a month-to-month survey of more than 30 of the country’s largest institutional investors, as well as purchasers and sellers of industrial mortgage-backed securities, which Barron’s published for over 23 years. Mr. Levy is also co-creator of The Giliberto-Levy Commercial Mortgage Efficiency Index (sm), the 1st and pre-eminent index to measure and analyze the efficiency of investments in the commercial mortgage business. Additionally, he is a member of the Board of Directors of Anthracite Capital Inc. (NYSE: AHR), a New York Stock Exchange REIT managed by BlackRock, Inc and a former director of Value House Trust.

For much more info about John B. Levy & Firm, please visit the firm’s website at http://www.jblevyco.com or call John Levy at 804-644-2000, extension 237.

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Prolonged Recession Leads To Commercial Loan Modifications
South Lake Tahoe, CA (PRWEB) February 2, 2009
The alarming quantity of commercial true estate defaults have prompted industrial lenders of all sizes to turn into willing to renegotiate the terms of industrial mortgages to help stay away from foreclosures.

Mortgage Leads Network has assembled a team of seasoned attorneys and consultants that specialize in commercial loan restructuring to support commercial house owners obtain leverage in negotiations with lenders.

Industrial home owners in the United States or Canada can log on to http://www.commercialmodification.com to register for a totally free consultation with an skilled loan modification consultant that specializes in commercial mortgage workouts.

Commercial Loan Modification is when a company or person that owns a industrial property such as a strip-mall, buying center, apartment constructing or mobile property park, agrees with the mortgage holder to permanently change the terms of the original note.

These loans are typically identified as portfolio loans considering that they are usually not securitised like Fannie Mae or other single household residential loans. Considering that the investor of the loan is usually simpler to identify and approach, the attorney hired by the property owner is significantly far more successful in negotiating a answer to the advantage of both parties.

Qualified commercial mortgage specialists can register for service at Mortgage Leads Network internet site http://www.mortgageleads.net.

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Gulf Oil Spill Exacerbates Commercial Real Estate Market place Woes
Clearwater Beach, FL (Vocus) June 22, 2010
As if industrial property owners in the U.S. Gulf Coast were not currently suffering adequate due to economic circumstances, the BP Gulf Coast oil spill continues to only add fuel to their fire.

While much has been produced of the focus the U.S. government is or isnt placing into helping resolve the ongoing Gulf Coast oil disaster, numerous industrial home owners in the Gulf Coast and nationwide are beset with distressed properties and seemingly left on their own to sink or swim.

Although true help is not readily accessible to industrial home owners through government sources, there is help offered by way of private industry but simply because it is not broadly recognized about, a huge number of commercial properties continue to get foreclosed unnecessarily.

“However, Gulf Coast industrial home owners are receiving hit even tougher now. The final time they or this nation suffered such a disastrous mixture of industrial actual estate factorsa very tight credit market place, deflating property prices, deteriorating rents and plummeting occupancy prices, was in the 1990s. These elements are all contributing to a skyrocketing number of defaults, Mentioned Jeramie P. Concklin, CEO of Guardian Options, a commercial loan restructuring firm primarily based in Florida.

According to Trepps newest monthly delinquency report TreppWire, the percentage of loans 30 or a lot more days delinquent, in foreclosure, or REO jumped to 8.42 percent in Could the highest monthly boost given that the summer time of 2009 clearly indicating the finish is not in sight.

Due to the fact theres nevertheless an estimated $ 3.five trillion of loans outstanding and most likely one more 12 to 24 far more months of rent declines, we can expect, and frankly forecast a continuation of commercial home defaults,” added Concklin.

Commercial true estate is anticipated to stay a drag on the U.S. economy through the remainder of 2010 and beyond. However, savvy industrial actual estate investors unwilling to simply lose their holdings or wishing to safeguard their assets against additional economic decline are taking a a lot more aggressive approach when faced with the prospect of foreclosure.

The worst factor that a property owner anyplace in the nation can do in this economy is ignore his scenario and hope that items get far better, Industrial home owners require to know that they can take methods to boost their situation and seek aid and guidance while the circumstance is still salvageable the longer they wait to take action, the more precarious their circumstance becomes, Mentioned Ira J. Friedman COO of Guardian Options.

Commercial home owners who want to save their properties or hold them viable are getting final results with firms like Guardian Solutions that specialize in industrial loan modification.

The greatest difficulty facing industrial loan modifications firms is that they frequently have to contend with diversely opposing parties the goal is to address the issues of all parties involved. That requires a deep understanding of the circumstance with the house and requires an in-house staff that can effectively represent the clients position and come up with a resolution that is far more acceptable to the lender than foreclosure.

Utilizing an industrial loan restructuring firm that is appropriately staffed with skilled and seasoned experts is what industrial home owners in distress need to have right now, mentioned Jeramie P. Concklin, CEO of Guardian Solutions. A focused industrial loan restructuring firm can ease the whole procedure by undertaking all the workthe due diligence, company program and negotiations for the house owner.

Concklin added, When fully ready with each and every piece of relevant details and a realistic company plan, Guardian Solutions enters into negotiations with the lender to secure the very best possible terms for the client, whilst addressing the issues of the lending institutions.

About Guardian Options
Guardian Solutions is the one of nations largest commercial loan restructuring companies and is committed to helping industrial home owners save their properties. The companys knowledgeable mediators are skilled in a assortment of disciplines to offer customized restructuring solutions. For more info, visit http://www.GuardianSolutions.org.

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AdjustMyLease.com Makes it possible for Owners and Landlords of Commercial Office Buildings to Modify Tenants Office Rents Inside 30 Days – Eliminating the Need to have to File Company Bankruptcy
Phoenix, AZ (PRWEB) March 9, 2009
AdjustMyLease.com has been developed to aid company owners and landlords retain tenants although decreasing month-to-month expenditures for business owners. This new service will produce a win-win scenario for each the business owner and the owners of industrial properties. Arizona Short Sale Workplace has helped thousands of homeowners modify their property mortgages, and even though performing so, realized that several of the organization owners had been struggling due to incredibly high operating expenditures, one becoming workplace rent. At times like this, adjustmylease.com has been capable to renegotiate present lease rates for organization owners, and in return help the landlord in keeping existing tenants and finding new tenants at no charge for buildings with vacancies.

As licensed REALTORS
Experts Predict a Severe Crisis in Commercial Actual Estate
Woodland Hills, CA (PRWEB) March 14, 2009
Although the focus has been on the residential genuine estate crisis, the commercial real estate sector is facing a significant crisis as effectively, say professionals. Gil Priel, Co-Founder of the Peak Corporate Network (PCN) predicts that declines in industrial values would be the next shock to the monetary technique. Priel stated that, “I anticipate cap rates will rise 2-3 points as an average, with the best quality bargains reaching 8 caps and perhaps higher.”

Eli Tene, PCN’s Co-Founder and a major loss mitigation specialist, projects “a full disaster” in industrial real estate industry, “with at least a 20 % price tag drop in 2009, and in some regions considerably much more”. Tene stated that the industrial genuine estate industry faces a monetary drought with “nearly no new constructions loans and no land obtain loans will be originated.”

Raffi Tal, COO, of I Short Sale, Inc., a top loss-mitigation advisory firm reported on a considerable enhance in demand for commercial quick sale: “We have noticed an increase of 80 percent in commercial brief sale inquiries in California. Some of the inquiries included land, a hotel, a shopping center, retailers, and even a bowling alley.”

The 3 professionals join others in observing a tremendous vacancy development in all places — retail, industrial and apartment buildings. Adding to the challenging instances are liquidity issues that make it difficult to get funding from banks for acquiring or refinancing the inventory.

When asked, none of the professionals agreed to point on a recovery timeline. “This time we are going to see a long term recovery”, stated Priel, “the hope to see a alter of course in the economy by the finish of 2009 is a little too optimistic in my opinion”.

The Peak Corporate Network (http://www.peakfp.com) is a platform of firms founded or acquired by principals, Gil Priel and Eli Tene. The want to offer you the ideal “1 stop” full network of real estate services is the driving force behind the formation of these organizations.

I Short Sale, Inc. (http://www.ishortsale.com) is a major nationwide short sale, modification and loss-mitigation advisory firm. Since 1991, it has assisted, through its principals, thousands of home owners to avoid foreclosure. The business has developed a far-reaching network of home owners, mortgage businesses, banks and realtors.

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Laura I. Shidlovitsky, Attorney at Law, Discusses Pending Commercial Genuine Estate Crash and how This will Impact the Currently Troubled Economy
Los Angeles, CA (PRWEB) October 21, 2010
The U.S. residential market place began its long decline in 2006 and has been 1 of the best factors contributing to the financial recession. Now with the decline of the commercial real estate marketplace looming our economys rise appears farther off than ever.

While there is absolutely some risk that industrial restructuring creates a lot more of a issue than a resolution (in that if the economy does not swiftly recover restructuring is only delaying the inevitable), I think that commercial restructuring is not only required to help industrial home owners steer clear of foreclosure, but is likewise vital assist the economy stay away from any additional collapse.

It is currently estimated that around $ 2 trillion in commercial mortgages are anticipated to come due inside the subsequent four years (2010 Congressional Oversight Panel Report entitled: “Commercial Real Estate Losses and the Threat to Monetary Stability”). According, to information from Foresight Analytics, about two thirds of the commercial real estate loans maturing in between now and 2014 are underwater (John Keefe, Rents Rise, sort of another sign of slow recovery, CBS Marketwatch, Apr. six, 2010).

In light of the above-pointed out date, absent modification, commercial house owners may shed their revenue-creating assets resulting in further undesirable ramifications on the economy. For instance, simply because half of the loans that will mature in the next 4 years are below water, the existing owners will not be capable to re-finance them resulting in further delinquencies, in an already depressed marketplace, and losses to commercial true estate portfolios extending the duration of the loan increases the likelihood that home values will recover. In addition, an argument can be produced that it is far more useful for banks to modify the loans (whether or not by extending the maturity date or decreasing the interest price) because performing so could lead to repayment of the loan at a future date. Certainly, if the economy recovers quickly, banks will be able to make far more funds or lose less cash by providing the troubled borrowers with a seconds opportunity to make good on their debts.

For the same causes as stated above, I believe that lowering the interest rates is a required evil considering that it has the potential of helping distressed home owners and to stimulate economy. For instance, reduced interest rates might support distressed property owners avoid foreclosure by decreasing the quantity of their month-to-month loan payments. (The converse is true in that larger interest prices enhance defaults.) Avoiding, foreclosure in turn saves the bank thousands of dollars as well as avoids the need to have to add but yet another non-performing asset to a banks portfolio.

Decreasing the interest price also has the potential of stimulating the economy, by delivering the property owner with disposable funds that he or she can then reinvest in the economy. Similarly, when interest prices are low, folks are much more most likely to take out loans to buy luxury things. Although, in the lengthy run low interest prices can lead to inflation and lead to other troubles, for the foregoing motives, in todays financial milieu I believe that the advantages outweigh the risks.

Commercial real estate business analysts expect delinquency prices top to foreclosures leading increase further through this year and peak in late 2011, early 2012.

It is no secret that the anemic true estate marketplace has triggered a substantial improve in vacancy rates in most commercial sectors. Certainly, vacancy prices continue to rise in most commercial sectors, including office, industrial, retail and multi-loved ones, and are not anticipated to level out in most markets till the end of 2010 or early 2011. The boost in vacancy rates has in turn lead to widespread rent discounts and different landlord concessions. Rental values are additional not expected to increase for 12 to 18 months after the labor marketplace stabilizes. Accordingly, it is unlikely that low interest rates will outcome in rental increases to the struggling enterprise owners.

Laura I. Shidlovitsky, Esq., owner and founder of the Law Offices of Laura I. Shidlovitsky, is a quite creative and personable Lawyer at Law who tailors her legal counsel to meet the distinctive wants of her customers in all aspects of industrial and actual estate transactions and negotiations. She has comprehensive encounter representing people and publicly traded corporations in a assortment of industries, like metals distribution, commercial actual estate, healthcare, pharmaceuticals, restaurant, media and entertainment, transportation, and consulting. Ms. Shidlovitsky is also an active member in several specialist organizations, like the LACBA Enterprise and Corporate and Actual Property Sections, the ABA Company and Litigation Sections, the National Association of Specialist Ladies, and the Century City Chamber of Commerce.

For a lot more details on issues to think about when purchasing an upside down home or to interview Laura I. Shidlovitsky, Esq., please contact (310) 684-3843.

Law Offices of Laura I. Shidlovitsky
2029 Century Park East, Suite 1040
Los Angeles, CA 90067
310-684-3843
laura(at)shidlovitskylaw(dot)com

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R.O.I. Properties Specializes in Helping Commercial Real Estate Investors Get Bulk REO Properties in Arizona
Phoenix, AZ (PRWEB) October 2, 2009
R.O.I. Properties, a Phoenix-primarily based real estate firm, specializes in helping industrial true estate investors get bulk REO properties in Arizona. Getting bulk REO properties creates an huge opportunity for each the small and huge investor.

“Purchasing REO properties in bulk provides investors with the capability to acquire REO properties at a fraction of the expense in an environment exactly where they could not get anywhere close to the terms and pricing they want on their personal,” mentioned Beth Jo Zeitzer, President / Designated Broker of R.O.I. Properties. “We specialize in assisting industrial investors meet their needs and steer clear of the hassles involved in the bulk acquiring process.”

The size and capitalization of a group brings tremendous credibility to the table considering that the group can supply numerous exit strategies for the properties. Buyers can invest in REO properties with out the hassles of going to auctions, contacting banks, probate sales, estate sales, and so forth.

According to genuine estate expert Robert Kline of RW Kline, LLC, there are several advantages related with investing in commercial actual estate in bulk. The 1st is that stopping retail foreclosures rewards the tenants and their organization. The foreclosure procedure requires months and can result in temporary maintenance, safety and insurance problems even though the home adjustments hands. Secondly, the government does not have formal assist for industrial loan modifications, though there is funds from the Troubled Asset Relief System to offset losses from bad commercial loans. In addition, the national industrial mortgage debt currently exceeds three.5 trillion dollars, and two-thirds of securitized mortgages due today have no hope of becoming repaid in the near term.

Over the past eight months, from January 1, 2009 to September 1, 2009, there have been a total of 352 industrial REO sales transactions for a total of more than $ 1 billion. That is a a lot more than 30% decline more than the identical 8-month period in 2008, when the transactions resulted in a sales volume of far more than $ 1.four billion (Costar).

For more info about genuine estate investment possibilities connected to bulk REO properties in Arizona, check out ROIPropertiesAZ.com.

About R.O.I. Properties 
R.O.I. Properties is a full service actual estate brokerage firm specializing in foreclosure properties in Arizona, bankruptcies, probate properties and much more. R.O.I. functions with banks, lenders, asset managers, bankruptcy attorneys, receivers, fiduciaries and turn around professionals to sell their distressed genuine estate assets, both residential and commercial.

Contributing Writer: Marcela Houser
Marcela Houser, CCIM, is part of R.O.I. Properties’ Industrial Distressed Assets Division. Marcela has been operating in industrial actual estate for eight years, with a specialization in retail and office leasing and sales. She is bilingual, and brings a wealth of expertise in facilitating transactions with users, owners and investors.

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M3 Approach Loss Mitigation Program Tends to make Waves in the Commercial Lending Market
Scottsdale, AZ (PRWEB) November 30, 2009
The mortgage crisis might have started with property owners, but has considering that hit the doorsteps of American organizations with a vengeance. As the toxic loan disaster continues to escalate, M3 Strategy, an professional group of mortgage specialists and loss mitigation specialists, has extended their solutions to provide relief in the commercial loan industry. The loss mitigation firm, which specializes in short pay refinancing and loan modification, is leading the crusade against upside down mortgages with industrial short refinance and commercial loan modification services.

“The commercial mortgage business is obtaining worse, the economy is showing no indicators of recovery and there are nevertheless numerous home owners out there who have all but offered up hope,” mentioned Michele Mitchell, President and CEO of M3 Technique. “We’re positioned to strategically approach lenders with our science and want to help as numerous folks as we can.”

M3 Technique delivers across the board loss mitigation solutions, but their flagship specialty is quick pay refinancing. “With a brief pay refi, we reposition our clients in the actual estate industry by negotiating with the lender for a brief payoff, which corresponds with the present market place value of the home. As soon as equity loss is removed, mortgage holders can then qualify for a new loan at a fixed low interest price.”

M3 Technique also launched a quick refi affiliate program final August as an opportunity for Realtors
Salvaging the Economy Commercial Loan Restructuring
Clearwater, FL (Vocus) July 23, 2010
As the economy stumbles along, Guardian Options has become inundated by large numbers of business owners with earnings producing industrial properties that call for loan restructuring to keep their doors open.

The U.S. unemployment rate is nearly ten% according to official government statistics, but what the government fails to clarify is that these numbers do not represent individuals who are not eligible for unemployment positive aspects and part-time workers who would choose to be full-time. In reality, with those aspects deemed, accurate unemployment in the U.S. is closer to 17%.

With the unemployment rate as high as it is, the last issue this nation needs proper now is a slew of securitized industrial home foreclosures on businesses that are employing men and women, said Jeramie Concklin, CEO of Guardian Solutions, a commercial loan restructuring firm that has been helping its customers avoid reaching the foreclosure stage and helping them return back into income-creating assts.

Now add to this already dismal economic situation the fact that commercial actual estate sector analysts count on delinquency rates major to foreclosures to increase further by way of this year and to peak in late 2011, early 2012. Moreover, Deutsche Bank estimates that around $ 2 trillion in industrial mortgages are anticipated to come due inside the next 4 years.

Brief of a loan restructuring, industrial home-owners might suffer the consequences of losing their income-generating asset, which subsequently will create even more undesirable repercussions on the economy. Lending institutions will really feel the effects severely if they have nonproducing assets in a industry flooded with foreclosed properties, adding to even additional illiquidity in the credit markets.

The logical solution is for banks and commercial borrowers to agree on a mutually beneficial modification or restructure. There are various restructuring techniques a bank can take. 1 way is for banks to lower their prices permanently or temporarily, which can aid borrowers avoid foreclosure. A fractional drop in interest price could eradicate tens of thousands of dollars from a house-owners annual debt burden, and potentially, save hundreds of thousands if not millions for the lending institutions because now the house in query has avoided foreclosure.

The point is to give borrowers the time and the tools required to stabilize the house and turn it back into a good-money-flow organization. Performing this enables the lending institution to book the house as a Performing Asset. An additional situation is how to effectively deal with the maturation of a loan. Banks might want to extend the maturity dates on loans to push back untenable balloon payments and keep the borrower in company. By undertaking this, the bank is guaranteeing the house continues to be a performing asset, not a liability that potentially demands to be sold at auction for an quantity below the existing Note.

Due to the fact of the technical and legal elements involved with restructuring a industrial loan, numerous house-owners could ignore their position and accept foreclosure rather than operate proactively to save their investment. Commercial loan-restructuring firms exist, even so, and at times can aid stressed house-owners navigate the complicated procedures, negotiations and nuances connected with a successful loan exercise.

Concklin added, Guardian Solutions addresses each and every home we represent individually in accordance with all the troubles at hand. As soon as we are prepared with each and every piece of relevant information and a realistic game strategy, we enter negotiations with the Unique Servicer, or in some circumstances the Master Servicer. Our intent is to constantly safe the best possible terms for the client whilst simultaneously addressing the issues of the lending institutions

About Guardian Options:
Guardian Options is the a single of nations biggest commercial loan restructuring organizations and is committed to assisting industrial home owners save their properties. The companys seasoned team is seasoned in a assortment of disciplines and in a position to offer customized restructuring solutions. For much more info, check out http://www.GuardianSolutions.org.

Speak to:
Jamie Sene
Vice President, Marketing
Guardian Solutions
727-442-8833
jvs(at)guardiansolutions(dot)org
http://www.GuardianSolutions.org

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