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September 2016 Archives

Nontraditional CRE lenders becoming more active

Real estate developers in Oklahoma and around the country may have noticed that stricter underwriting standards have made it more difficult to get money from traditional lenders. However, this has provided an opportunity for private lenders to become more active in the market. Nontraditional lenders like hedge funds and real estate investment trusts can often provide money more quickly and with fewer conditions than traditional banks, but this flexibility and convenience comes at a cost.

The possible effect of Deutsche Bank's $14 billion fine

Missouri commercial real estate developers might be affected by the $14 billion fine the U.S. Department of Justice announced. The fine is against Deutsche Bank, one of the largest commercial real estate loan originators, for its residential mortgage-backed securities activities prior to the burst of the housing bubble in 2008.

Hard money loans as a last resort

Commercial real estate developers in Missouri know that financing may determine whether or not pursuing a project is worthwhile. Unlike financing for residential real estate, commercial real estate financing is often more flexible and may move much faster. One type of financing that should only be used as a matter of last resort is a hard money loan.

Changes ahead for real estate sector

Some experienced commercial property investors and developers in Missouri may be aware that equity real estate investment trusts are popular and reliable. Those equity REITs are poised to become even more stable and popular as they are separated from the financials sector and moved into their own real estate category. It is the first time a new headline sector has been created since the creation of the Global Industry Classified Standard in 1999. Investors in financials as well as equity REIT investors are likely to be affected by the change.

Our condo association was faced with monumental construction issues thanks to the original developer of our complex. We were cash poor and in no position to get legal representation without a contingency fee arrangement. Luckily for us, Scott Long and Burke Robinson were willing to take us on as clients. Their work ethic, professionalism and knowledge of condominium construction served our association very well. Any association would be well served in hiring these gentlemen to represent them.

Board of Directors - Plaza Gardens on the Lake Condominium Owners’ Association Lake of the Ozarks, MO

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