Comments on: ULI Fall Meeting Overview in 60 Seconds

By: squarefeet

squarefeet — Mon, 16 Nov 2009 17:15:38 +0000

see my latest post today on the DDR CMBS issue. If you have cash flow, perhaps you can be saved, particularly if you are an otherwise strong owner, developer, etc.

If you are non-performing anything, be it a hard asset or just the paper, you’re probably out of luck. You have everybody on a heightened state of alert (borrowers, rating agencies, issuers, investors, etc.) and only 3 or 4 tranches now as opposed to the 8-10 you had before.

By: Muji Samovar

Muji Samovar — Mon, 16 Nov 2009 17:04:37 +0000

In fact, what are your and your readers’ thoughts on the recent proposal to tranche non-performing loans that have some modicum of cash flow into a performing loan (covered by the building cashflow) and either one or a few non-performing loans? It seems like a way to invent capital for banks, but I don’t even know how this is practicable, nor where the market for the non-performing tranches will come from. Isn’t poorly practiced securitization what got us into a mess in the first place?!

By: Muji Samovar

Muji Samovar — Mon, 16 Nov 2009 17:01:48 +0000

Excellent. Many thanks fr clearing that up.

By: squarefeet

squarefeet — Mon, 16 Nov 2009 17:00:19 +0000

most likely.... THIS ONE

By: Muji Samovar

Muji Samovar — Mon, 16 Nov 2009 16:53:09 +0000

Is anyone clear on which 33-page document to which Stephen Blank is referring?

By: Chris Rodriguez

Chris Rodriguez — Sat, 14 Nov 2009 00:12:38 +0000

much appreciated. enjoy the weekend.

By: squarefeet

squarefeet — Sat, 14 Nov 2009 00:06:40 +0000

done!

By: Chris Rodriguez

Chris Rodriguez — Sat, 14 Nov 2009 00:03:29 +0000

Would you mind adding me to your CRE bloggers list on Twitter as well? Much appreciated.