Most commercial real estate loan documents give meaning to the phrase “real estate is old as dirt.” Why? Because just as dirt doesn’t change, commercial mortgage loan documents largely ignore the impact of technology on the physical attributes, use and operations of the property. Take another look at your mortgage loan forms with these
(More on the Collection Plate collection, which focuses on the recovery side of our work – the bottom line, nitty-gritty, work of getting "back" the money.)
So, where are we on easing the credit crunch, which we need to bring needed credit to distressed commercial real estate?
Several good sources correctly give good reports on the CRE market for 2011 and on the fledgling CMBS loan origination pipeline:
- Matthew McManus at NAI Global reports that "the future [starting in 2011] is