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New York gets Schooled (The Real Deal) Small Banks at Risk/ Trouble with TALF (

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New York Developers Incorporating Schools- From THE REAL DEAL

October 01, 2012
By Cody Lyon

In densely populated New York City, crowded neighborhood schools and a shortage of development sites are two sides of the same coin. So it’s not surprising that an increasing number of private developers are incorporating schools into their projects. And in many cases, they receive direct financial benefits to do so — from tax breaks to permission to construct larger buildings. There are also intangible benefits for developers and for the city, like winning support for projects from community opponents.


Small Banks at Greater Risk from CRE mortgages

This past September, it was becoming increasingly clear that smaller banks would suffer greater hardship as more commercial real estate mortgages started coming home to roost…by Cody Lyon
NEW YORK CITY-Commercial mortgage defaults, which are projected to reach unprecedented levels in 2011, pose an even greater risk for smaller, regional lenders than the nations more high-profile large banks. So says Dr. Sam Chandan, president of Real Estate Econometrics.”If you look across the banking system, commercial mortgage loans represent about 14% of banks net loans and leases,” Chandan tells However, he says, banks that have assets of $10 billion or more typically see a less than 10% exposure rate to commercial real estate. On the other hand,.

Trouble with TALF and the CMBS extension?

By Cody Lyon, on May 6th, 2009

EXCERPT from story

…Pleas for increased liquidity have been coming in loud and clear from the commercial real estate community for several months now as banks, hard hit by the economic downturn, have virtually frozen lending. According to the Fed’s Senior Loan Officer Opinion Survey for April, 66% of domestic banks reported tightening commercial real estate lending standards in the first calendar quarter.

Dimming hopes of future relaxing of standards is a growing lack of faith by banks in the quality of commercial mortgage quality. Standard & Poor’s recently placed $100 billion of CMBS issued from 2004 to 2008 on negative watch. Fitch Ratings followed suit with $18 billion of CMBS issued between 2006 and 2008. “We have numbers showing that more than 90% of domestic banks think the commercial mortgage quality is going to deteriorate, with 26% of those saying it’s going to deteriorate substantially,” says Chandan.

Raising the cash flow alarm volume higher, the RER says that over the next few years, the commercial real estate industry faces a liquidity crisis of mammoth proportions. Of the $6.7 trillion of assets compromising the greater commercial real estate market, around $3.5 trillion is debt. Around $10.7 billion worth of CMBS loans are currently delinquent or have defaulted, according to data from the Commercial Mortgage Securities Assoc.

The RER says that because most real estate mortgages have maturities between five and 10 years, the average annual amount of maturing loans beginning in 2009 is most likely somewhere between $300 billion and $600 billion. Put another way, the maturing debt that the real estate sector will see between 2010 and 2012 will total around $1.4 trillion.



Written by codylyonreporter

November 6, 2012 at 5:48 pm

Posted in Uncategorized

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