Comments on: Interview With A Banker http://privatemoneyutah.com/interview-with-a-banker/ Your Trusted Resource for Private Money Loans in Utah Fri, 06 Jan 2012 16:59:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: a j sessa http://privatemoneyutah.com/interview-with-a-banker/#comment-67 a j sessa Wed, 07 Apr 2010 22:30:42 +0000 http://privatemoneyutah.com/?p=309#comment-67 "the more things change the more they are the same" in 1980 i started a factory conversion into a shopping center we had a 2 mml construction loan at 2 pt's above prime 1981 prime hit 21% we thought. we hit nivana when upon competion we were able to get a 12% permanent loan so what else is new “the more things change the more they are the same” in 1980 i started a factory conversion into a shopping center we had a 2 mml construction loan at 2 pt’s above prime 1981 prime hit 21% we thought. we hit nivana when upon competion we were able to get a 12% permanent loan so what else is new

]]> By: JoyceStein http://privatemoneyutah.com/interview-with-a-banker/#comment-66 JoyceStein Mon, 05 Apr 2010 15:50:00 +0000 http://privatemoneyutah.com/?p=309#comment-66 Pretty much the same in Italy, I think. The banks have held on to the money provided by the European Central Bank which was meant for businesses and entrepreneurs trying to make it through the crisis period. Instead banks are using that money to cover their risk with the mortgage crisis and the money is not helping our economy. Pretty much the same in Italy, I think. The banks have held on to the money provided by the European Central Bank which was meant for businesses and entrepreneurs trying to make it through the crisis period. Instead banks are using that money to cover their risk with the mortgage crisis and the money is not helping our economy.

]]> By: William Larkin http://privatemoneyutah.com/interview-with-a-banker/#comment-65 William Larkin Thu, 25 Mar 2010 16:14:44 +0000 http://privatemoneyutah.com/?p=309#comment-65 I spoke with a commercial properties development company owner this weekend. His family has built and manages over 1 million sq. ft. of commercial property in the Boston area. In Southwest FL they have about 50,000 sq. ft. near Naples, FL. I had asked him about buying some commercial property for my small business here in FL about 10 months ago. He told me there would be a drop in values and that it would be better to rent for now. He added that he was waiting for bargain prices in the commercial area and he would buy when the time was right. He was very positive that he would be ready to pounce at the right time. One idea he suggested was for me to buy a shopping center which was in foreclosure and ride out the down side years. “You will have something in ten years,” he stated. Yesterday I asked him what he thinks now about the markets for commercial property again. Now, he is very sour and adverse to commercial property here in FL. They are building two large projects in Boston and he is positive about the market there. As for FL he is very negative which indicates he is getting burned and loosing a lot of money. He was hot! Bill Jr. receives inside “paid for” analysis. He reports that real estate markets have always been very closely related to employment. Boston’s employment is recovering and R.E. prices are stabilizing. He reports that in FL commercial property was encouraged by the government to maximize tax revenues via sales taxes. He says the negative feelings will also cause the down market to overshoot down on prices. It looks bad for FL and other such states with the same problems. I will ask him what he thinks and the condition of the banks regarding their lending ability to commercial markets. I spoke with a commercial properties development company owner this weekend. His family has built and manages over 1 million sq. ft. of commercial property in the Boston area. In Southwest FL they have about 50,000 sq. ft. near Naples, FL.

I had asked him about buying some commercial property for my small business here in FL about 10 months ago. He told me there would be a drop in values and that it would be better to rent for now. He added that he was waiting for bargain prices in the commercial area and he would buy when the time was right. He was very positive that he would be ready to pounce at the right time.

One idea he suggested was for me to buy a shopping center which was in foreclosure and ride out the down side years. “You will have something in ten years,” he stated.

Yesterday I asked him what he thinks now about the markets for commercial property again. Now, he is very sour and adverse to commercial property here in FL. They are building two large projects in Boston and he is positive about the market there. As for FL he is very negative which indicates he is getting burned and loosing a lot of money. He was hot!

Bill Jr. receives inside “paid for” analysis. He reports that real estate markets have always been very closely related to employment. Boston’s employment is recovering and R.E. prices are stabilizing. He reports that in FL commercial property was encouraged by the government to maximize tax revenues via sales taxes. He says the negative feelings will also cause the down market to overshoot down on prices. It looks bad for FL and other such states with the same problems.

I will ask him what he thinks and the condition of the banks regarding their lending ability to commercial markets.

]]> By: Noel T. http://privatemoneyutah.com/interview-with-a-banker/#comment-64 Noel T. Mon, 22 Mar 2010 22:25:00 +0000 http://privatemoneyutah.com/?p=309#comment-64 Brutal!! Brutal!!

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