Commercial real estate lending fell for the first time in two years last month amid tight credit conditions Debt on commercial property fell to $5.44 trillion in June, driven by a large drop in multifamily […]
ROCHESTER — Matthew Thomas Onofrio, a real estate investor who owns multimillion-dollar properties in Rochester, recently pleaded guilty to one count of federal bank fraud and forfeited $35.7 million stored in a Rochester bank. As […]
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Mortgage rates barely budged in June. Even so, motivated borrowers looking to purchase or […]
The nation’s preeminent developer of suburban commercial office space has modified and extended a $1.3 billion commercial mortgage-backed securities (CMBS) facility for a nearly 10 million-square-foot real estate portfolio, Commercial Observer has learned. Workspace Property […]
New York Senator James Sanders Jr. recently proposed Senate Bill 1450A (“S1450”), which would require those making or soliciting “commercial financing products” in New York State to obtain a license and comply with specified requirements. […]
(MENAFN- valuewalk) learn the insider secrets of what the top hedge funds are doing today to maximize their upside and gains. the agriculture and forestry industry receives the highest amount in approved business loans, per […]
Stress is mounting in US commercial real estate, with distressed assets surging to $64 billion, per Bloomberg. What’s worse is that another nearly $155 billion of CRE assets are at risk of turning bad. Higher […]
Chicago’s commercial property market is in the deep freezer. Tough lending and economic conditions had many commercial property owners and investors hitting the pause button last quarter. Commercial property sales in Chicago during the first […]
This has been an opportunistic year for many private equity and lending firms. Traditional bank lending has dried up, with up to 45% of commercial real estate (CRE) projects having to find alternative funding. Many […]
Some US banks are preparing to sell off property loans at a discount even when borrowers are up to date on repayments, a sign of their determination to reduce exposure to the teetering commercial real […]
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