Tag Archives: commercial property loans

The Fall Of Real Estate Developer Laurence Gluck

This guy is just going from disaster to disaster. I’ve been reporting on him for weeks because of trouble at the Aqua apartment complex in Marina Del Rey. I believe his name is spelled “Laurence” not “Lawrence.” Adam Pincus reports … Continue reading

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Despite Trillions Of Dollars Of Interventions, The Debt Market Remains Paralyzed

It’s impossible to get a loan from a bank these days unless you have a credit score north of 700 and a lot of documentable income. Until people are ready to buy bonds backed by real estate, by homes and … Continue reading

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Commercial Property Loans Next?

From the New York Times: As the value of home mortgages crumbles by the day, Wall Street has hoped that commercial real estate loans would stay clear of the storm. For Wall Street banks, which hold about $100 billion of … Continue reading

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More Collateral Accepted in Auction Program

Bloomberg says the Federal Reserve has increased the collateral eligible for its auction of Treasuries to include bundled mortgage debt and securities linked to commercial-property loans. The Fed is intervening in a massive way to bail out the troubled mortgage … Continue reading

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