Financing

In what is surely a welcome sign for commercial real estate borrowers, the commercial mortgage-backed securities (CMBS) market finally started to demonstrate some positive signs of life in 2009’s fourth quarter, after almost 18 months of complete inactivity. Toward the end of the year, three separate issuers successfully brought deals to market and sold their mortgage bond issuance. This is ...

As our nation begins to emerge from the economic downturn, self-storage owners should consider some of the tax advantages that can be realized using cost segregation, and the recent changes to regulations that allow net operating losses to be carried for up to five years. Under the new regulations, if you’ve paid taxes over the last few years and are ...

New construction was one of the biggest victims of the recession. After several years of rapid development—commercial and residential—the financial crisis brought construction to an abrupt halt. As financing dried up, developers were unable to fund new projects. In addition, there was a surplus of new houses and commercial buildings. Many remain empty today. The self-storage industry, which had been ...

Agencies of the Federal Financial Institutions Examination Council have weighed in on the “extend and pretend” debate, and it appears they are willing to extend―given the right circumstances. The term refers to the practice of a lender extending the term of a maturing loan for a short period of time rather than forcing the borrower to pay it off or ...

Much has changed in our economy and financial market in the past year. While there were some positive developments over the past 12 months, bad news still lingers on many fronts. The “other shoe” is now dropping: commercial real estate. Declining property values, coupled with limited access and viability of debt, are contributing to the nation’s new financial break point.  ...