commercial real estate financing reform: Commercial Real Estate Financing Bill
- 05/22/10 06:11 AM
There is a bill (HR 5249) proposed by House of Representatives Ed Perlmutter and Mike Coffman to provide small banks with assets of less than $10 billion to amortize their commercial real estate losses over a 7 year period. It is known as the ‘Capital Access for Main Street Act of 2010'. This is a step to assist small banks with the impending losses they are due to receive as commercial real estate continues to depreciate. Unlike traditional residential financing with fixed 30 year loans, it is more common to see commercial loans with maturity dates within of 5 to 10 years … (3 comments)
There is a bill (HR 5249) proposed by House of Representatives Ed Perlmutter and Mike Coffman to provide small banks with assets of less than $10 billion to amortize their commercial real estate losses over a 7 year period. It is known as the ‘Capital Access for Main Street Act of 2010'. This is a step to assist small banks with the impending losses they are due to receive as commercial real estate continues to depreciate. Unlike traditional residential financing with fixed 30 year loans, it is more common to see commercial loans with maturity dates within of 5 to 10 years … (3 comments)
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