musiclover
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Posts by musiclover
A combination of late state payments and anticipated capital expenses is prompting the Champaign-Urbana Mass Transit District board to increase its line of credit with two local banks to $10 million. 
The Commercial Real Estate Finance Council, which represents buyers and sellers of investments backed by commercial property loans, spent $150,000 in the third quarter lobbying the federal government, according to a recent disclosure report. Insurers See an Opening in Commercial Mortgages
Oct 22nd
Over the past several months, the commercial mortgage market has been volatile, plagued by weak investor appetite, wary lenders and warnings by ratings agencies of increasing risk. But one bright spot is emerging, as life insurance companies have taken advantage of the lull to become major lenders.
Credit Suisse Sets Mortgage Cutback
Oct 14th
Credit Suisse Group is poised to shut down its commercial-mortgage-backed securities division just days after a new warning of layoffs on Wall Street, according to people familiar with the matter.
The cutback also is a sign of the soft patch the commercial real-estate industry is enduring. Property values had been recovering until this summer, when concerns began rising about weakness in the economy and global capital markets. More >
