Commercial Tips 3-10-10

OK, so I sprang spring early. It’s been such a wintery winter here in Kansas City that the first few days of good weather (now giving over the major rainstorms) got me all excited! I’m sure that Old Man Winter won’t go so quietly into the night, but it sure was nice to put the winter coat away for a day or two. March also brings us College Basketball Madness. Not my favorite contest, but I’m in a very BIG college basketball town and it’s hard to avoid it here at the home of KU and Mizzou. So I’m expecting a bunch of you to be writing me about your favorite college team and talking some real smack in the coming weeks! “If we had no winter, the spring would not be so pleasant: if we did not sometimes taste of adversity, prosperity would not be so welcome.” – Anne Bradstreet A Quick Note: We’re changing our standard phone # to 310-857-6912. Please make a note of it. And I’ll be reminding you again and again and again … Our toll free number will remain the same. Another Quick Note: We’ve added a Bridge Loans to our wholesale product line. These are for commercial properties and residential projects. Commercial properties must have current cash Read the rest of this entry »

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Commercial Tips 3-3-10

OK, I admit it. I’m an Olympics Junkie. As ashamed as I am to admit it, I even occasionally tuned in to the Curling competition. Not that I could understand the scoring in that most obscure of sports! All I knew was that it was the Olympics and I wanted to see Olympians. And how about that hockey game??? What a way to end the 16 days of competition. Too bad the Americans seemed to fade in week 2, but then we were generally not a major force in winter competition until recently. Lots of really good stories and competition this year, I loved it. “Perhaps the most valuable result of all education is the ability to make yourself do the thing you have to do, when it ought to be done, whether you like it or not; it is the first lesson that ought to be learned; and however early a man’s training begins, it is probably the last lesson that he learns thoroughly.” – Thomas H. Huxley Like the Olympics, I’m seeing activity increase of late. We are looking Read the rest of this entry »

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What The MBA Has To Say About 2010

If you want to get a good idea of just how much commercial real estate debt is coming due in 2010 and 2011, along with how the industry is viewing those maturities, I suggest taking a look at the following article: Optimism Trumps Gloom at MBA Real Estate Finance Conference in Glitter City – CoStar Group I think you’ll find it extremely interesting.

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Commercial Tips 2-22-10

Wow, I just LOVE the Olympics. From the John Williams theme to the Late Night recap of the day’s events, I just can’t get enough of them. I’m even over the fact that professionals can now play, since in the end it only raises the level of the sports. And the very best thing is the “unexpected.” Like Bode Miller getting not “zero” but “three” medals in this Olympics, so far. You have to just love how this guy turned his sports life around. He got another opportunity and took advantage of it. “Desire is the most important factor in the success of any athlete.” – Willie Shoemaker Speaking of opportunities, we are doing our best here at Excelsion to take advantage of the opportunities now presenting themselves in commercial real estate finance. I don’t know if you have been paying attention, but CMBS defaults are WAY up. First, the average loss on “resolved” loans is 52.7%!!! And 2009 ended with over $66 BILLION in “special servicing” situations (i.e., default). Your opportunity as a commercial real estate investor, should you choose to accept it, is to get out there and Read the rest of this entry »

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Commercial Tips 02-02-10

Well, did you miss me and my cheeky comments each week? I disappeared for slightly longer than my anticipated 10 day vacation, enduring warm weather in sunny California (yes, that’s a joke), some illness, and later some very serious weather on my return. We took a driving vacation that included some skiing in the Rockies and then continued out West to the coast. From there, we looked at some homes, contemplated never coming back to Kansas, and set out during what was some of the worst storms to hit that part of the country in nearly 20 years. Duh! “Thanks to the Interstate Highway System, it is now possible to travel from coast to coast without seeing anything.” – Charles Kuralt We were delayed first by some stomach flu that added nearly a week to our stay and then the recent storms that saw us getting stuck in Arizona for four days. We were delayed alternately by sand storms (the roof was blown off of the truck stop where we were holing up) and snow storms (Flagstaff got 4 FEET of snow in a couple of days) Read the rest of this entry »

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