Deleveraging seems to be the order of the day for CRE investor groups in the U.S. Only the housing-finance agencies - Fannie Mae, Freddie Mac, and the Department of Housing and Urban Development - and life insurance companies, as well as state and local governments, are bucking the trend, according to the Mortgage Bankers Association.

Even banks, which command 44.6% of the CRE mortgage universe, are in a deleveraging mode. Compounding the problem for commercial loan brokers is the fact that hundreds of banks are being shut down and that more than half the remaining banks are unable or unwilling to extend new debt until they get their existing portfolios in order.

"The good news for commercial loan brokers is that there are billions of dollars in private capital available to finance, refinance or recapitalize all types of commercial property having intrinsic value," Andy Bogdanoff explained.

"Over the years, Remington has built solid relationships with hundreds of these alternative sources of capital, including private equity funds, institutional and individual investors, certain corporations and many others.

"This available pool of alternative capital represents a unique opportunity for the commercial real estate community to step outside its normal comfort zone and explore new avenues of commercial financing in these challenging times."

 

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Shayne Fowler

Scottsdale, AZ

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CNN Mortgage

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