From the category archives:
Find distressed commercial real estate loans and bank owned property at more than US banks nation wide.
Q1 2010 CRE OREO and Non-Performing Loans
Commercial real estate problems at US banks soared by 10.6% in the first quarter of 2010 over Q4 2009.
Commercial real estate loans being reported as 30-89 days late increased 16.3% indicating that the trouble in the commercial real estate sector is increasing rather than abating. Reports for 90 Day [...]
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What do Boca Raton, FL, Normal, IL, Germantown, MD, and Ogden, UT have in common? They are home to the latest four banks to shutter their doors in 2010, bringing the total failed bank count this year to 26. With over 700 banks on the FDIC’s watch list, 2010 could prove to be [...]
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US banks reported an increase in distressed mortgage and REO volume of nearly 10% over the previous quarter. Troubled real estate and distressed whole loans with banks now top $352 Billion, up from a little more than $320 Billion in the previous quarter.
Residential Real Estate Problems
As expected, residential real estate continued to be the dominant [...]
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You’ve probably heard of Mastermind Groups by now, and maybe you’re even involved in one, but are you using them to drive your distressed real estate transactions? Ken Hecht is doing just that.
Ken was a key player in the Wang Towers deal, probably the most famous distressed commercial property transaction in New England during the [...]
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I got this question from a visitor this morning so I thought I’d put it out to our members and the web.
I represent the owner of a large, foreclosed upon hotel. We’re exploring HUD 232 LEAN financing for an assisted living facility. Of late, there seems to be an increase in inquiries related to retail [...]
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At the close of 2008 the nation’s lenders reported $28,759,725,000 in distressed commercial real estate loans. At distressedpro.com we’re projecting double that figure at the close of 2009.
We won’t have final figures until mid-late February for the close of 2009 but we’re projecting the final reporting for distressed commercial real estate loans for US banks [...]
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American Banker, an on and off-line trade magazine for the banking industry ran an article today reporting much of the same thing that I have been saying here on this blog That Sinking Feeling: CRE Flood Set to Start in ‘10. Banks will face significant problems with commercial real estate starting in 2010. This is [...]
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The Q3 aggregated FDIC data will be available any day.
In Q2 this year we saw an increase in non-accrual commercial real estate loans (non-performing loans) of 31% nationally.
How much are we going to see this time?
Poll: http://polls.linkedin.com/p/66214/isxif
Subscribe to the feed or enter your email in the box to the right for an update when the [...]
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In the first one of these Commercial Real Estate Loan Workout posts I introduced you to the recent FDIC Policy Statement on Prudent Commercial Real Estate Loan Workouts. In this post I’m going to follow up on that and work through summarizing more of that document.
B. Classification of Renewals or Restructurings of Maturing Loans
Many borrowers [...]
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Its no secret that Florida is one of four states that has borne the brunt of the residential real estate bust. Now as we teeter on the edge of a major commercial slide what role will Florida fill?
While we don’t have the data on the entire Floridian commercial real estate universe we do know what [...]
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On Friday the FDIC issued guidance to banks in the form of a policy statement entitled Prudent Commercial Real Estate Loan Workouts . The stated purpose of the document is
It is intended to promote supervisory consistency, enhance the transparency of CRE workout transactions, and ensure that supervisory policies and actions do not inadvertently curtail the [...]
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