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| Weekly Interest Rate Tracking |
| February 27, 2009 |
Good Morning,
Attached is a PDF copy of Colliers Meredith & Grew's interest rate sheet that includes current and historical Treasury, LIBOR and Prime interest rates, which are updated daily with real time data from Strategic Alliance Mortgage.
We provide these updates on a weekly basis to keep our clients and colleagues aware of rate movements. We hope you find this information helpful.
DOWNLOAD INTEREST RATE SHEET (53KB)
The following Market Perspective provides insights and commentary on breaking news and emerging trends in commercial real estate finance.
Against this economic backdrop, let’s focus on where opportunities lie:
Gap equity investment.
It’s no secret that loans originated over the last few years were aggressively underwritten. These same loans with near term maturity face a difficult challenge. At maturity, with a lack of lender competition and with new underwriting guidelines, these loans will most likely suffer a shortfall of first mortgage proceeds. Currently mezzanine lenders, equity sources and new funds are raising capital to bridge the gap between the new lower loan amount and the required payoff amount. Though this may be financially painful, gap financing provides an opportunity for lenders and borrowers alike to solve an otherwise more serious problem.
| Gap Equity Investment Opportunity |
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The Economic Stimulus Package & Treasury Department's Financial Stability Plan:
Impact on the Commercial Real Estate Industry
CCIM & IREM Legislative Staff — February 19, 2009
On February 17, 2009, President Obama signed H.R. 1, the “American Recovery and Reinvestment Act of 2009”. The bill includes $787 billion in spending and tax cuts. IREM and CCIM Institute legislative staff produced the following list of investment and tax provisions that are of particular interest to the commercial real estate industry.
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| Please contact the Capital Markets Group at Colliers Meredith & Grew with any financing questions.
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Colliers Meredith & Grew is a Boston-based commercial real estate company with integrated service groups including Brokerage, Capital Markets, Counseling & Valuation, Development & Advisory, Investment Sales, and Property & Asset Management. In addition to representing its core clients in New England, Colliers Meredith & Grew provides national and international real estate services to its multi-market clients as a member of Colliers International and as an owner/member of Strategic Alliance Mortgage LLC (SAM). Colliers International is a worldwide affiliation of independently owned and operated companies in more than 293 offices in 61 countries. |
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