FHA 223(f) Apartment Refinance and Purchase
Thursday, November 29, 2012
Thursday, October 11, 2012
Tuesday, October 2, 2012
Thursday, May 24, 2012
commercial property, prices recovered to mid-2003 Levels CoStar 2012 News APARTMENT LOAN RATES LINK
APARTMENT LOAN RATES LINK
Despite a generally flat March for pricing of commercial property, prices recovered to mid-2003 levels in the first quarter as improving fundamentals and liquidity causing a broadening of the recovery into non-core commercial real estate and secondary markets, according to this month's CoStar Commercial Repeat Sale Indices (CCRSI) report.
At this rate it will be 2006 in ten short years. Oprah sells her Chicago condo for about 1/2 of what she paid. say $3,000,000 on $6,000,000 cost plus extra shoe closets.
Tuesday, May 15, 2012
This Is Clearly Going To Cost JPMorgan Much More Than $2 Billion
Whale Ahoy
JPMorgan announced a $2 billion loss Friday. When compared to its market cap and other indicators, that goes Ouch!, but not much more. However, there’s more going on. The bank has refused to state where in its operations the loss was incurred. For good reason perhaps: the positions that caused the loss are still rumored to be open.
The main problem JPMorgan may be facing, and the 8% loss in pre-market trading may be a sign players are on to this, is that we probably already know where the loss is. A few weeks ago, the financial sphere was full of stories about the London Whale, a JPM trader in London named Bruno Michel Iksil, who had taken such massive - synthetic - derivative (gambling) positions in a 125 company index that they were moving the market itself.
Back then, some hedge funds took counter positions just for the sheer fact that he had bet so much; they figured he couldn't last forever on all trades. The underlying notion was he was long a bunch of companies; well, not a lot has gone well in the markets lately. And if you have overweight derivative positions in one direction (in this case credit default swaps) , you can make a killing or you can get punished fast and furious. He did the latter.
Read more: http://theautomaticearth.org/Finance/jpmorgan-a-tale-of-whales-and-sharks.html#ixzz1uwnfvREt
Friday, August 12, 2011
Apartment Lender Chicago Loan Closing - Rates and Bank Lending Status
The borrower was given 12 months to receive a discounted pay-off by the originalcondominium construction lender. Several banks declined the loan but Kendall was able find a lender for the borrower even if he had very high leverage.
Kendall arranged a loan and it closed within two month from the signing of the bank agreement.
The loan is fixed for 3 years at 5%.
Saturday, August 6, 2011
Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.
Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.
The borrower was given 12 months to receive a discounted pay-off from the original condominium construction lender.
Kendall arranged a loan and it closed within two month from the signing of the bank agreement.
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