Desmond Primus's Blog (11)

Uncertainty in Commercial Real Estate Market Still Looms

Last week, leading, commercial real estate experts gathered at Georgetown University's McDonough School of Business to discuss where the CRE market is heading. An excellent Washington Post…

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Added by Desmond Primus on October 6, 2010 at 7:00pm — No Comments

Rescue Capital Provides Relief to Distressed CRE

Rescue Capital Provides Relief to Distressed CRE

"Rescue Capital" are funds provided by investors to help restructure commercial…
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Added by Desmond Primus on July 8, 2010 at 8:09pm — No Comments

How Do Commercial Property Owners Qualify for a Commercial Loan Workout?

Qualifying for a commercial loan workout will depend whether or not foreclosing on a commercial property will cost more than a commercial loan workout from the lender's viewpoint. Real world dictates that the lender's best interests over the borrower will determine if a commercial loan workout will be approved.



5 Key Factors a Bank or Lender will Consider:



1) How much equity is within the commercial real estate?



2) What is the payment history of the borrower?… Continue

Added by Desmond Primus on June 28, 2010 at 9:40pm — No Comments

Expect Commercial Mortgage Loan Defaults to Keep Rising Says Fitch

Added by Desmond Primus on June 22, 2010 at 11:17pm — No Comments

Understanding Forensic Loan Audits

As part a commercial loan workout, a forensic loan audit may be performed to uncover any errors when the commercial mortgage was originally issued.



During the commercial real estate boom of early to mid 2000's, a fair amount of mortgage loans had inaccuracies and federal violations. Since a large number of commercial borrowers are defaulting on their loans, commercial forensic loan audits in addition to a commercial loan workout can help uncover any…
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Added by Desmond Primus on June 17, 2010 at 12:27pm — 1 Comment

Rising Commercial Real Estate Loan Defaults May Rival Residential

As commercial real estate loan defaults increase, the need for commercial loan workout solutions offered by lenders to remedy the situation will also increase. Several factors seems to support this view.



An excellent online article…
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Added by Desmond Primus on June 17, 2010 at 12:24pm — No Comments

Commercial Loan Workouts Could Jumpstart Banks With Non-Performing Loans

Commercial loan workouts could help many small regional and local banks that have non-performing, commercial mortgage loans. Commercial loan workouts can take existing commercial mortgage loans and restructure them to more favorable terms.



Just look at recent figures in an article by Zacks Equity Research posted on Zacks.com website,…
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Added by Desmond Primus on June 17, 2010 at 12:21pm — No Comments

Current Real Estate Climate Make Commercial Mortgage Loans Hard to Obtain

Gone are the boom days of commercial real estate serveral years ago. Since 2007, commercial property values have declined over 40%, according a report by Moody's. Along with increasing default rates, obtaining a commercial mortgage is tougher indeed. Note what an artice written by Emily Maltby in the Online Wall Street Journal had to say regarding getting approved for a commercial mortgage: "Many banks taking extra precaution before issuing commercial mortgages are reeling from those kinds of… Continue

Added by Desmond Primus on June 5, 2010 at 10:00am — No Comments

So what's the difference between commercial loan workouts and commercial loan modifications? Commercial loan workouts have been around for years to help commercial borrowers "workout" a plan to catch…

So what's the difference between commercial loan workouts and commercial loan modifications? Commercial loan workouts have been around for years to help commercial borrowers "workout" a plan to catch up on their mortgage obligation. But how did commercial loan modifications come into the picture? First, lets give a little background on commercial real estate.



Due to the real estate crisis, the past few years, the buzz word was "loan modifications" for residential…

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Added by Desmond Primus on June 1, 2010 at 1:04pm — No Comments

Updated IRS Reg Will Benefit Distressed Commercial Properties

Last September, the IRS updated Rev. Proc. 2009-45 which allows for a proactive approach to obtain a commercial loan modification.



The IRS realizes that owners of commercial real estate will have a harder time refinancing when their loan reaches maturity, due to present tax law regulating pools of commercial mortgages. Because of current market conditions and the tightening of credit, many commercial borrowers…
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Added by Desmond Primus on May 19, 2010 at 9:39am — No Comments

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