In a recent Commercial Capital Limited conference call we discussed the availability of billions of dollars for financing commercial real estate. The bad news is that the credit markets remain tight; the good news is that there IS money to lend out there-you just need to know where to get it.
There is an incredible amount of money that was raised to handle the coming delinquencies in CMBS that never actually happened. “Extend and pretend” pushed that timeline back another 5 years. As a result, there is a great amount of capital looking to deploy to deals that make sense, especially in situations where notes are getting discounted. We now have multiple lenders with the ability to come in with 100% of the Note discount if the values work. We have access now to equity players that will come in and take a note out with all equity or some combination of debt and equity.
We now have billions of dollars of capital that NEEDS to get deployed for good deals. They are hungry to deploy the money because they only get yield for these investors if the money is deployed. It earns nothing sitting in the bank. This is huge because the reserve requirements banks have to meet will be raised again in 2014 which is right around the corner. The tightness that exists is going to be with us for some time and banks are still more nervous about regulators then they are about profits. Survival is the name of the game for many banks, not profit. And so these discounted note deals will continue to happen. Every day we see another deal where a note was either sold or the bank has gone back to the borrower asking them to refinance it and they were willing to give a discount to do it!
We have a lot of money available to deploy to just those situations. If you know someone who has a chance to refinance the note at a discount, or if you yourself are in this situation, give us a call. It is VERY likely that I can get you the money you need. 863-299-2929 or 813-833-3132
Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325
Commercial Lending Pros
Commercial Capital Limited
Tel: 863-299-2929
Email: loans@commerciallendingpros.com
We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!"
