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Category: Distressed Assets

Troubled CRE Loan Resolutions Now

Awareness from both lenders and borrowers seem to have some loans nearing resolution in this turbulent market. Read the article below for more information.

By Maura O’Connor | GlobeSt.com

As Europe limps towards resolution or further chaos, it seems there are signs of economic life in the US. Some of this is playing out in the real estate world, where some resolutions are happening amidst the rubble of loans gone bad.

CMBS Delinquencies Decline in November, Calm Before Storm of Maturing 2007 Vintage Loans

With the 2007 vintage loans approaching their 5 year balloon maturity dates, this article discusses some possibilities for the coming months.

By Michael Gerrity | World Property Channel

Based on Trepp’s CMBS Delinquency Report released today, the delinquency rate in November for U.S. commercial real estate loans in CMBS fell 26 basis points to 9.51%. This was the second biggest drop in 2011, surpassed only by August’s 36 point drop.

Hotel Foreclosures an Oncoming ‘Train Wreck’

 

Eric Stoessel | National Real Estate Investor

Steve Van hates being the pessimist, but he can’t help it. The CEO of Prism Hotels & Resorts says comparing the last two years of hotel distress to what’s coming is like comparing “a car wreck and a train wreck.”

Foreclosure activity hit 7-month high in Oct.

Foreclosures are still on the rise and this will effect the commercial real estate markets…

Notices of default, scheduled auctions and bank repossessions — warnings that can eventually lead to a home being lost to foreclosure — hit a seven-month high in October.

The numbers are further evidence foreclosure activity is picking up.

Commercial Real Estate Deals Decline as US Rebound Cools

With economic uncertainty around the world, commercial real estate continues to be impacted, as discussed in this recent article.

David M. Levitt, Hui-yong Yu and Dan Levy | Business Week

The U.S. commercial real estate market has slowed in the past three months as the sputtering economy and a pullback in debt financing limited deals, cooling a recovery from Washington to California.

Commercial Real Estate Execs See Improving Revenue, Headcount, While Distressed Assets Remain Key Issue on Road to Recovery: KPMG Survey

Recent survey shows a bright future for commercial real estate. However, distressed assets are going to play a major part in the recovery. So don’t overlook this fact because the major players are not…

PRNewswire via COMTEX

Commercial real estate executives expect to see improvements in revenue and headcount next year, but the majority predict a full economic recovery is years away, according to a recent survey by KPMG LLP, the audit, tax, and advisory firm. These executives also believe distressed real estate will remain a key industry issue.

Distressed RE Looms Large in Next Year

Here is an interesting article about the upcoming year’s commercial real estate outlook.

Brad Finkelstein | National Mortgage News

Three quarters of commercial real estate executives surveyed by KPMG LLC said distressed real estate would have an impact on their investment strategies over the next 12 months.

CMBS Delinquency Rates Stabilize


According to two recent reports, CMBS deliquiency rates are starting to stabilize.

David Bodamer | National Real Estate Investor

CMBS delinquencies stabilized in September, according to two reports. Trepp LLC said that the rate inched up 4 basis points while Fitch Ratings reported that the delinquency rate fell 5 basis points.

Dallas-Fort Worth commercial foreclosures dip 2 percent

Some recent news regarding distressed commercial real estate in Dallas/Ft. Worth Texas.

Dallas-Fort Worth area commercial foreclosure postings have dipped 2 percent through September compared with the year-ago period, according to data released Wednesday from Foreclosure Listing Service Inc.

58% of Listings are Distressed

This article, although speaking to the residential market shows how prevalent distressed properties are right now. This also applies to commercial real estate.

The Orange County Register
By: Jonathan Lansner

Of the homes listed for sale in this community, 109 were either foreclosures being resold or short sales, where sellers owe more than the home’s value. So distressed properties were 58.3% of supply of homes for sale vs. 32.9% countywide.