Commercial Mortgage Lending – Government Help? Thanks but No-Thanks

Investors Shun Federal Rescue Programs

In a sign of just how bad the commercial real estate market is, South Florida property owners and investors are all but ignoring new federal rescue programs that they say are confusing and beyond their reach. Some are calling instead for the government to scrap the programs and let the marketplace hit bottom. That way, they say, the recovery can really begin.

Even though some industry groups have touted the federal programs as a boon to commercial real estate, local and regional developers and investors figure they will get little help from the Federal Reserve’s Term Asset-Backed Securities Loan Facility (TALF) and Public-Private Investment Program (PPIP). Instead, they’re forming their own funds to acquire properties or distressed loans, seeking refinancing on mortgages and loan extensions.

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Commercial Mortgage Loans – MasterPlan Capital LLC

Tags: commercial mortgage, commercial mortgage loans, commercial real estate, Economy, mortgage crisis, real estate