S.E.C. Real Estate Observer

In earlier articles, we briefly discussed some of the challenges, regulations and restrictions your local banker is dealing with. Knowing these will help you as a borrower, buyer, or broker be more profitable in 2010-11. Commercial Real Estate, CRE, ratios are driving many of the decisions your bank is making today. If you or your clients have a commercial investment or development loan coming due in the next 12 months, be prepared to move it or pay it off…

When a bank loan goes 30 days delinquent in payments or past the due date, it becomes a scheduled item with the auditors. They may or may not require any reserves be put aside for loan losses. As default status continues, the loan will be written down based on borrower financial strength, appraisal, strength of the bank, etc.

Yesterday I met with a Senior VP of a community bank. He has been in banking for 40 years. When I asked how he was doing, he said, “I’ve never seen it this bad, even during the RTC days in the 90s.” Do you have empathy for your local banker or disdain for their inability to make you a loan?

Occasionally, but not often, can you start a real estate deal with a formula, and work backwards to the successful closing. Normally, the formula is used once and the way you were trying to do the deal fails. Instead of giving up, you think, “how else could this deal be done?” Then you start reviewing [...]

“Education is the Life Blood”
It worked… Together, we did it…
In 2001, the S.E.C. Education Foundation was created to reinvent Creative Real Estate Education nationwide by the Society of Exchange Counselors. By the end of 2004, S.E.C. Education Foundation Instructors have taught over 1,000 students at 23 venues around the country.
Our success is because of those [...]

As we or our client’s sell property for cash, the funds are often put into a 1031 facilitator account in order to defer capital gain taxes by acquiring a replacement property. Other than the timing challenges, 45/days/180 days, this is a fairly simple process.
What if the deal is not so simple?

While marketing a real estate [...]

The summer issue of the “NYSCAR News,” the newsletter of the New York State Commercial Association of Realtors, included a report on the recent 3-day marketing, education and business meeting for NY Commercial Brokers. 140 commercial real estate brokers attended the meeting.
The article noted that members of the Society of Exchange Counselors and several S.E.C. [...]

Local and regional real estate organizations throughout the nation strive to provide services to their members. Perhaps the most needed service that your Board of Realtors, CCIM Chapter, RLI Chapter or Exchange Group can provide to your members that will bring the highest return on investment are education programs that go beyond that required for [...]

How do you use the technology available today to manage your business? I was looking for a new way to manage my contacts so I sent a message out to the Society members about how our members use technology to manage their contacts, clients, investors, vendors, and consultants, etc. We all need to be organized [...]

One of my favorite movies “What About Bob,” starred Bill Murray as a mentally challenged patient of a Dr. Marvin, Psychiatrist, played by Richard Dreyfus. The movie spun a hilarious tale around Bob’s dependence and need to follow his psychiatrist on his vacation. At this time, Dr. Marvin was getting national exposure from his book [...]