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Financing Commercial Real Estate

April 20, 2010 – 12:20 pm

Banks, you can’t live with em and you can’t live without em.  At least in commercial real estate and in most business enterprises that altered old adage is true.

Something needs to break before the entire investment real estate community does.  Never before have I seen a client turned down for a loan when he has significant funds in the bank, excellent credit and passive income well into 6 figures because he doesn’t have a job.  But I just had that happen.

Never before have I seen a client given the burden of having cash collateral for the renovation of a building when that is what they need the money for but that is what just happened.

Something better happen to get banks lending  on commercial real estate again under reasonable circumstances or this recession can never end.

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