From the category archives:
Distressed commercial real estate loans and bank owned property at more than 8,000 banks nation wide.
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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It has been widely reported this morning that last night (Sunday 10/25/09) one America’s largest commercial real estate lenders filed for Chapter 11 bankruptcy protection. Chapter 11 is a reorganization filing designed to allow business to continue to operate while they shed debt and evaluate their business. What of other commercial lenders?
The BankProspector is showing [...]
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The 5 Florida based banks with the most commercial REO (bank owned commercial real estate) are showing less than $100MM. The most recent bank report data suggests that Florida’s banks have been slow to pull the trigger on nonperforming commercial real estate loans.
While the 5 Florida banks with the most commercial REO are showing $75,063,000 [...]
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