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Another shoe is about to drop in real estate. We have heard about the sub-prime loans and the take down of the banks and the institutions that have been holding that paper, but what we haven't heard about are the commercial properties that have so far escaped the damage that is plaguing the residential marketplace.
With the bankruptcy of Mervyn's, Linens and Things, and a host of other retailers, (http://tinyurl.com/73d67c) retail real estate is going to be coming available in giant proportions.
The impact on commercial real estate therefore, has yet to be felt, but the wave is coming. Many of the commercial real estate loans are held by the small community and regional banks. These banks have so far escaped the disaster that is plaguing the other larger banks because they have been generally more conservative in the types and amounts of loans that they provided.
More on Do You Want Some Business Advice on the Next Shoe that's about to Drop?
Filed under Business Financing, Financial News, Real Estate by Joel Block
My colleague Bruce Dobb of http://www.concernedcapital.org is a recognized expert in community redevelopment financing. As a result of a recent discussion that we had on business structure and related finance, he recapped the following information for our readers:
The U.S. Treasury Department recently set aside $ 3.5 billion in tax credits to be awarded in
connection with investment in inner city, urban communities. (see http://www.cdfifund.gov). The Treasury awarded the credits under the last 2008 round of the New Markets Tax Credit (NMTC) Program. The NMTC Program attracts private-sector capital investment into the nation's urban and rural low-income areas to help stimulate economic growth and create jobs.
More on Can CDFI Funds Provide a Reasonable Business Structure in this Economy?
Filed under Business Financing, Financial News by Joel Block
November 7, 2008
Growing Your Business: The Ripple Effect
It's well known that many of the large national retailers in the United States are coming under fire. Traffic is down, consumer spending is reduced, and several of these large national retailers have recently filed for bankruptcy. Some of the bankruptcies have been reorganizations or chapter 11. Others are chapter seven, which means a complete sell off of all of the company's assets in order to pay money to the people that it owes.
Filed under Business Growth, Financial News, Growth Minute by Joel Block
October 27, 2008
Growing Your Business: New Positioning For A New Economy
It's no surprise that the bailout on Wall Street, the economic showdown between the banks and the government, as well as the turmoil that's gripping the nation, is going to have enormous consequences on the citizens of this great country. Businesses are already finding themselves in unfamiliar territory, and if it is unfamiliar, it's certainly unwelcome territory.
More on Growing Your Business: New Positioning For A New Economy
Filed under Business Growth, Financial News, Growth Minute by Joel Block
October 17, 2008
An Investment Banker's Dream
Imagine being an investment banker who is given the full force of credit of the federal government, along with $700 billion to spend aggressively with a mandate to go out and buy assets at will.
Filed under Business Financing, Financial News, Private Equity, Raising Capital by Joel Block
October 14, 2008
The Secret Behind The Problem On Wall Street
Nobody talks about it. 99% of consumers have never heard about it. And even the masters on Wall Street are finding out that they don't really understand it. But the biggest problem underlying our country's financial woes is a new "bet" that financial institutions are making on each other. The problem with the new bet is that when you win you lose. And when you lose, you get shut down. Let me explain.
Filed under Financial News by Joel Block
