Author Archive

Spotting An Advance Fee Commercial Loan Scammer

Spotting An Advance Fee Commercial Loan Scammer

Every year hundreds of commercial property owners get conned out of millions of dollars by advance fee scammers. An advance fee scammer is a criminal pretending to be a commercial mortgage lender.  He will issue a very fancy-looking conditional commitment letter, which will call for some huge “good faith deposit” or “third-party report fee”.  Once…

Commercial Lending And a Market Crash

Commercial Lending And a Market Crash

The Coronavirus Crisis is now the fourth commercial real estate crash that I have experienced in my forty years of running our family commercial mortgage company, Blackburne & Sons.  They seem to happen about once every twelve years.  Each time commercial real estate fell by exactly 45%. To those of you who are commercial loan…

Time to Rush To Get a Conduit Commercial Loan

Time to Rush To Get a Conduit Commercial Loan

Conduit loans, also known as CMBS loans, enjoy a fixed rate for a whopping ten years.  Unlike a fixed-rate commercial loan from a bank, there is no rate readjustment after five years.  The rate is fixed for the entire ten years. And with ten-year Treasuries at just 0.79%, there has never been a better time in…

PIP Commercial Loans

PIP Commercial Loans

George Smith Partners recently released a tombstone about a commercial loan closing that used a financial term of which I had never heard: “George Smith Partners arranged $23,750,000 in bridge financing for the refinance of a 229-key, full-service hotel located in Downtown Minneapolis, Minnesota…  The Property, built in 1986, underwent a PIP in 2017.” What…

CMBS Hotel Lenders Are Out of the Commercial Loan Market

CMBS Hotel Lenders Are Out of the Commercial Loan Market

No sooner had I written a blog post last week about the attractiveness of CMBS loan rates right now, than I got a message for one of my subscribers informing me that conduits are no longer making hotel loans. By the way, CMBS lenders are still making their large permanent loans on the Four Basic…

Commercial Loans and Revolvers

Commercial Loans and Revolvers

A great many residential lenders make revolving lines of credit (home equity loans) on owner-occupied homes; so it it natural for lots of commercial loan brokers to ask if their investor clients can get a a line of credit, secured by an apartment building or an office building. As a general rule, the answer is,…

Less Than Interest-Only Payments Big And Commercial Bridge Loans

Less Than Interest-Only Payments Big And Commercial Bridge Loans

Last week I wrote a blog about how historically aggressive private money commercial bridge lenders are getting.  This month George Smith Partners, the big commercial mortgage banking company (the original founder started George Smith & Company decades before I founded Blackburne & Sons forty years ago) released a newsletter, FinFacts, containing the following tombstone: “George…

What Is Mark-to-Market Accounting

What Is Mark-to-Market Accounting

The Big Boys, the ladies and men who make and arrange the really huge commercial real estate loans, have their own specialized language.  You can think of it as advanced commercial mortgage-ese.  Today we’ll discuss one of their underwriting terms, mark-to-market (MTM) accounting in real estate. Mark-to-market accounting assigns a value to real estate assets based…

Light Commercial Bridge Loans Versus Heavy Commercial Bridge Loans

Light Commercial Bridge Loans Versus Heavy Commercial Bridge Loans

Another Great Recession might be on point.  The mainstream business media picked up the same theme on Thursday and Friday, as the Dow lost ground. There will be some severe economic consequences from the coronavirus. Even if COVID-19 never gets out of control in the U.S., hundreds of thousands of small businesses in China are…

Today we announce the launch of the AnalytIQ Group’s Early Stage Fund (ESF)

Today we announce the launch of the AnalytIQ Group’s Early Stage Fund (ESF)

AnalytIQ Group understands just how difficult it is to secure funding and turn an idea into reality. To address the these funding needs we announce the launch of the AnalytIQ Group’s Early Stage Fund. AnalytIQ Group’s Early Stage Fund Program’s mission is to assist entrepreneurs in financing their start-ups through innovative funding and credit building…

Go Top