Lenders Hopeful For 2009
Bay Area Commercial Lenders Still Hopeful For 2009
By Bill Kobler
- Managing Editor
Despite some rumors to the contrary, Bay Area commercial lenders are optimistic about the prospects for lending money to qualified buyers of commercial property in 2009. That is the theme that emerged from the 6th annual Bay Area Income Property Lending Conference held in mid-November in San Francisco.
The conference was attended by about 200 participants that included mortgage brokers, mortgage bankers, lenders, realtors, title company executives, CPAs, attorneys, property managers, and investors. Thirty speakers shared their views on topics ranging from loan origination, large loan lending and “green” lending.
Though caution was the theme of the conference, many participants were optimistic about the lending possibilities for the multi-family segment of the market. The Bay Area multi-family market is expected to be one of the few bright spots in the national picture for commercial real estate in 2009.
Though the coming year will be challenging, several speakers did see opportunities to make money by investing in income property. Some of the areas that investors were encouraged to explore were:
- look for debt – buy discounted notes
- recapitalizing distressed borrowers (owners)
- buy distressed properties – don’t wait too long; cash is king
- invest in REITS
- consider hotel mixed use property
For further information, please contact the Urban Land Institute in San Francisco at 415-490-4443 or visit www.ulisf.org
Lenders Hopeful For 2009
By Bill Kobler - Managing Editor
Despite some rumors to the contrary, Bay Area commercial lenders are optimistic about the prospects for lending money to qualified buyers of commercial property in 2009. That is the theme that emerged from the 6th annual Bay Area Income Property Lending Conference held in mid-November in San Francisco.
The conference was attended by about 200 participants that included mortgage brokers, mortgage bankers, lenders, realtors, title company executives, CPAs, attorneys, property managers, and investors. Thirty speakers shared their views on topics ranging from loan origination, large loan lending and “green” lending.
Though caution was the theme of the conference, many participants were optimistic about the lending possibilities for the multi-family segment of the market. The Bay Area multi-family market is expected to be one of the few bright spots in the national picture for commercial real estate in 2009.
Though the coming year will be challenging, several speakers did see opportunities to make money by investing in income property. Some of the areas that investors were encouraged to explore were:
- look for debt – buy discounted notes
- recapitalizing distressed borrowers (owners)
- buy distressed properties – don’t wait too long; cash is king
- invest in REITS
- consider hotel mixed use property
For further information, please contact the Urban Land Institute in San Francisco at 415-490-4443 or visit www.ulisf.org