Property Grunt

Monday, August 23, 2010


If you google Commercial Mortgages, you get a lot of stories, a lot of them bad.

I have heard chatter that it is so very difficult to get a commercial mortgage that I know of one broker who is moonlighting in another industry.

Further signs point to an L shaped recovery.

Yes, it sucks but at least we know what we are dealing with right now. More importantly it indicates where everything stands.

The one thing that stands is Cash is King. If you have enough paper, you have more leverage than most people and have more flexibility. People in that position who are real estate centric are right now looking and taking notes. Recoveries do not happen over night, so they have the luxury of waiting to see what is available at their price point.

The upcoming winter will be quite a show.