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Posts in Banks
Small banks having difficulty repaying TARP
Despite reports that on the whole the program is doing fine, a surprising number of small banks may not be repaying TARP loans as agreed to. More
Innovative Friday – New blog column starts today
Since Zoliath.com is in the business of helping companies in the commercial real estate industry market themselves, we are constantly reviewing company websites. More
CMBS delinquencies continue to rise
According to the attached article, CMBS delinquencies are up 268 percent from their low point in March 2007. Retail loans topped multifamily loans as the sector that contributed the most to the overall delinquency. The image below courtesy of Realpoint illustrates the steep climb and it appears as though we will still climb higher, at least through 2010 and possibly into the middle of 2011.
Link to article in Retail Traffic
Record number of retail properties on Distressed List, according to recent report
According to the attached article, Real Capital Analytics reported that $24.3 billion in retail properties have been identified as “distressed”, up from $7 billion 12 months ago. Does this national trend mirror your own market? We know that the retail sector has been the most volatile, given the lower earnings that have been posted by most retailers over the previous 24 months but aren’t we starting to see earnings and profits start to rebound? Is this just a case of “too little, too late”? Something else to think about: To what extent will hedge funds play a role in how lenders will deal with these properties? The article further states that many lenders are being pressured to get these loans off of their balance sheet which has led to an increase in note sales. Perhaps it’s time to check in with the lenders in your market once again.
