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 penicillin and ampicillin 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 penicillin ampicillin U.S. Treasury Department recently set aside $ 3.5 billion in tax credits to be awarded in
connection with investment buy generic prescription acomplia 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
