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Cap Rates Too Low? Heck No! Find Out Why

April 1st, 2016|CRE Investing, U.S. Treasuries|3 Comments

 A Pessimistic Belief Eviscerated

Before you accuse me of “drinking the Kool-Aid,” i.e., having a point of view about cap rates that doesn’t hold up under critical examination, let me assure you that by the time you finish reading this blog post you will at the very least understand my point of view.  You might even be convinced I’m right!  So here goes:

I recently attended the Sperry Van Ness Economic Forum in Salem, Oregon.  One of the speakers was Jim Costello of Real Capital Analytics.  As the name implies, Real Capital Analytics is a data and analytics firm that focuses exclusively on the investment market for commercial real estate.

About half way through Mr. Costello’s presentation he showed us a chart that made me almost get out of my chair with excitement.  It was if a commonly held pessimistic belief was being eviscerated before my very eyes.  Ask almost anyone in commercial real estate these days about cap rates and you will hear concern about cap rates being too low, blah, blah, blah…  Am I right?  Of course I’m right.

The chart he showed that got me all excited is shown below: (more…)

My Take on a Donald Trump Presidency

March 19th, 2016|Current Events|4 Comments

I rarely comment about politics in my blog posts as it’s a sure fire way to alienate some of my readers who hold different points of view.  I do so today with fear and trepidation but I feel compelled to do so.  As the saying goes, “Fools rush in where angels fear to tread.” I am willing to be considered a fool if it helps to provide my readers a bit of clarity on the controversial candidate Donald Trump.  If I lose some of you as readers because of my take on Donald Trump then so be it, but I have no desire to add fuel to a raging fire, only clarity. Read more »

Pending Recession? 8 Survival Tips for the CRE Professional

February 25th, 2016|CRE Market, Principles of Success|0 Comments

The Devastating Impact of the Great Recession

I recently came across this blog post “8 Tips to Survive an Economic Downturn” I wrote in the winter of 2009.  As you may recall, our economy at that point in time was in a free fall.  The banks were on the brink of collapse, the economy was losing 700,000 jobs a month and commercial real estate transactions had come to a complete halt. No one was buying or selling commercial real estate.  The recession was hitting hard.  Life at that moment looked bleak.  My blog post spoke to the fear we all felt at that time and hopefully it generated a bit of hope for the CRE professional who didn’t know when they would receive their next paycheck. (more…)

Know the Six Key Borrower Underwriting Guidelines that Lenders Use to Qualify You

February 22nd, 2016|CRE Financing|0 Comments


A Short History of Underwriting Guidelines

Borrower underwriting guidelines have changed dramatically in recent years. Back in the good old days, prior to the Great Recession, lenders did a very cursory job of underwriting the borrower. They typically asked the  borrower to provide a simple financial statement with a credit check, and that was the extent of the credit items required. (more…)

Negative Interest Rates – Coming to a Bank Near You


In my January 9th blog post, “My Crystal Ball Forecast for Commercial Real Estate in 2016” I stated that even the most seasoned prognosticators will fail to predict major events occurring in 2016. And these unexpected events will have enormous influence on the economy and specifically on commercial real estate. (more…)

  • Tipping Point Marshall Commercial Funding

Apartment Rental Rates – Are We at a Tipping Point?

January 23rd, 2016|CRE Financing, CRE Market, Current Events, Economy|0 Comments

In my last blog post, My Crystal Ball Forecast for Commercial Real Estate in 2016, I made five predictions about the coming year. One of my predictions was that 2016 will be the last year for modest growth for the US economy. Unfortunately it appears the world is heading towards a recession this year and the US will likely follow sometime early next year. (more…)

  • Crystal Ball

My Crystal Ball Forecast for Commercial Real Estate in 2016

I’ve always believed it’s better to have an opinion and later be found wrong than to be a person who has either no convictions or doesn’t have the courage to express them. So I respectfully disagree with the saying, “It is better to remain silent and be thought a fool than to open your mouth and remove all doubt.” (more…)

  • Image I was born with a reading list I will never finish Maud Casey

My Most Favorite Books of 2015

December 12th, 2015|Book Reviews|0 Comments

This blog post is devoted to sharing fourteen of my most favorite books I read in 2015. You will see I like to read a variety of books. If you’re interested in learning more about a particular book, click on the book title and it will take you to its Amazon page. If you have a favorite book you’ve recently read I would like to hear from you. (more…)

  • Tony Robbins "Money Master the Game"

MONEY Master the Game: 7 Simple Steps to Financial Freedom

November 26th, 2015|Book Reviews|0 Comments

Earlier this year I listened to a Tony Robbins radio interview about his new book, MONEY Master the Game: 7 Simple Steps to Financial Freedom. Most of us know Tony Robbins as one the most recognized self-help gurus of our day. Yes he is an expert on self-help topics but what does he know about personal finances? So it was with skepticism that I listened to his interview. What I heard that day intrigued me sufficiently to buy his book. (more…)

  • building solid relations for lasting success

Don’t be a Lemming: Vet Your CRE Investment Sponsor

November 13th, 2015|CRE Investing|0 Comments

In my last blog post, 10 Ways to Reduce the Risk of Commercial Real Estate Investing I stated that it’s a myth to believe that owning commercial real estate is a passive investment.

I’m aware that for every rule there is an exception. Investing in a single tenant building, with a credit rated tenant, such as a Walgreens, with a 20 year lease and four, ten year options is certainly a passive investment. Both the risk (low) and the reward (modest) have been identified. (more…)