Archive for the ‘Financial Week’ Category

Commercial & Multi-Family Mortgage Delinquencies Remain Near Historic Lows…For Now…

December 15, 2008

We are in a weak economy that appears to be getting weaker by the day and we are in a severe credit crunch that would be getting worse except for the fact that it is already as bad as it can possibly be. Yet, despite all the doom and gloom, commercial mortgage loans (like the ones MasterPlan Capital originates) are holding up quite well.

A recent report by the Mortgage Bankers Association noted that, although delinquency rates for commercial mortgages edged up slightly in the third quarter, they remain at “the lower end of their historic range”

Financial Week goes as far asking if commercial mortgages aren’t a “bright spot” in the bleak world of property lending.

Commercial has not and should not suffer like residential lending did. We commercial real estate types never embraced “sub-prime” lending the way our wayward brothers in the end-use-consumer sector did. However, readers of this blog know that every business journalist with a keyboard and a press pass is predicting that commercial mortgage loans will falter as the economy weakens. We agree that commercial mortgage performance will deteriorate in correlation with the business cycle, while disagreeing with those who are predicting the end of the world as we know it.

Check out our simple, 1 page, online commercial mortgage application. It’s easy to complete and clients get an answer the very next business day.

www.masterplancapital.com

Commercial Mortgage Delinquencies Near All-Time Lows, But Heading Higher

December 1, 2008

I’ve got good news and bad news.

The bad news is that commercial mortgage delinquencies are up. The good news is that commercial mortgage delinquencies are still at historic lows. Financial Week has the scoop.

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Here’s the money quote: “Although commercial mortgage delinquencies remain near historic lows, the eroding fundamentals in the commercial real estate market and continued weakness in the overall economy mean more commercial mortgage holders will have difficulty meeting their obligations, according to experts.”
The commercial sector OK for now, but credit and economic growth need to be restored quickly or it’s going to get ugly. (By that I mean uglier than it already is.)

Institutional money is hard to come-by today; many clients are turning to private commercial mortgage loans to get their deals closed. Our firm, MasterPlan Capital, offers both conventional and private lending.

Commercial Mortgage Delinquencies Near All-Time Lows, But Heading Higher

December 1, 2008

I’ve got good news and bad news.

The good news is that commercial mortgage delinquencies are still at historic lows. The bad news is that commercial mortgage delinquencies are going up. Financial Week has the scoop.

Here’s the money quote: “Although commercial mortgage delinquencies remain near historic lows, the eroding fundamentals in the commercial real estate market and continued weakness in the overall economy mean more commercial mortgage holders will have difficulty meeting their obligations, according to experts.”

The commercial sector OK for now, but credit and economic growth need to be restored quickly or it’s going to get ugly. (By that I mean uglier than it already is.)

Institutional money is hard to come-by today; many clients are turning to private commercial mortgage loans to get their deals closed. Our firm, MasterPlan Capital, offers both conventional and private lending.