BY MATT FISHER, MIKE GURTOVOY, AND MAX CANCILLA as published in the 425Business.com Magazine It's a tough world out there for developers. The days of banks financing 75% of your total construction cost are now firmly in the rearview mirror, and developers are getting clobbered by the one-two [...]

Demystifying Yield Maintenance, Defeasance and Other Prepayment Penalties Understanding commercial real estate prepayment penalties can be confusing if you are not dealing with them on a regular basis. Adding to the confusion, lenders refer to prepayment penalties in various ways – some call them “prepayment fees”, “unwinding [...]

Dissecting 30/360, Actual/360 and Other Interest Calculation Methods An email arrives.  It’s a Form 1098 mortgage interest statement that you just received from your lender.   How is it possible that the total interest does not match your records?  Chances are that the lender is calculating interest differently [...]

By Mike Gurtovoy As things have finally shaken out in the lending market amid Covid-19, we are starting to see some clarity in the lending market and a clear pathway toward recovery. Below are some of our observations from each lending source: Banks & Credit Unions In [...]

Am I Really Expected to Pay my Mortgage? JS Coats Capital:  COVID-19 Lenders’ Response Lenders are fully aware that the COVID-19 health crisis will have a world-wide economic impact of unknown depth and duration as we live though this unprecedented economic standstill.  These are certainly uncharted waters… yet eerily [...]

What Will the CRE Lending Environment Look Like in 2019? Top 8 Take-Aways from the 2019 CREF Conference San Diego, CA   February 2019 It was great to visit with many of our lenders at the 2019CREF Conference in San Diego last week!  Aftergathering our Loan Originators and [...]