loans: In 2011, over $335.9 billion in estimated commercial mortgages will mature - 10/04/11 05:31 AM
 
In 2011, over $335.9 billion in estimated commercial mortgages will mature and need to be refinanced or sold. This forecast is based upon CoreLogic property records data and is updated on an ongoing monthly basis.
Mortgage Maturity Impact by Region and Property Type$3.9 billion in commercial mortgages estimated to mature in September 2011
For September 2011, there will be a projected 4,095 properties with an estimated aggregate loan origination value of more than $3.9 billion that will need to be refinanced. For the month, the Southern region accounts for 73.7 percent of projected national maturities (on a dollar basis) with … (0 comments)

loans: Commence holding your breath while you wait for the... appraisal - 07/19/11 05:22 AM
 

You have an accepted offer.  Now, commence holding your breath while you wait for the appraisal…
 
(Scary music plays in the background….)  Dun dun daaahhhhhh…..
 
We had two deals terminate JUST today.  Accepted offers rolling toward the closing gates but the buyer cannot get a loan on a property if the appraiser doesn’t say it’s worth what the buyer would like to borrow.  This makes sense…  lending money can be risky business, so lenders have to exercise some caution.    
 
There is a lot of time and energy (not to mention emotion and excitement) that … (0 comments)