David Sarnoff - Mortgage Banker at Pacific Southwest Realty Services

Top Takeaways from GlobeSt Apartments 2019 - Barry Slatt Mortgage

http://ow.ly/Bkxv50x1AkF #CREFinance #Multifamily #Slatt

slatt.com The Barry Slatt Mortgage team was an exhibitor at the GlobeSt Apartments 2019 conference earlier this week. The following were our top takeaways. The multi-family sector is and will continue to be the favorite product type or real estate investors heading...

What’s up with AB1482? Is it good for me? Is it good for you? - Barry Slatt Mortgage

https://www.slatt.com/whats-up-with-ab1482-is-it-good-for-me-is-it-good-for-you/

slatt.com On October 8th, 2019, California Governor Gavin Newsom signed Assembly Bill 1482 (AB1482) into law as part of on-going efforts to combat housing challenges facing Californian renters and lawmakers. For decades this issue has been fiercely debated and thrust into...

The Relationship Between the China “Trade War” with the United States and the 10-Year U.S. Treasury Rate - Barry Slatt Mortgage

THE RELATIONSHIP BETWEEN THE CHINA “TRADE WAR” WITH THE UNITED STATES AND THE 10-YEAR U.S. TREASURY RATE - http://ow.ly/RmAu50wQA15

slatt.com Over the past year, there has been a volatile relationship between the ongoing “trade war” with China and the financial markets in the United States. It is a consistent trend that when trade war rhetoric heats up the stock market...

Retail Market Update - Barry Slatt Mortgage

https://www.slatt.com/retail-market-update/

slatt.com As a company deeply rooted in financing retail properties, we are currently finding continued scrutiny towards the financing of retail properties in the marketplace. Daniel Friedeberg, CEO at Barry Slatt Mortgage, recently discussed this topic with Michael Kaplan, President, at...

slatt.com/interest-rate-update-october/ #interestrates #CRE #finance #loans #mortgages #slatt

How LA became the land of strip malls

And for today's interesting LA Real Estate history lesson....
http://ow.ly/RXgY50wBaBl #CRE #CREHistory #CREFinance #Retail #Slatt

la.curbed.com For better or worse, the corner strip mall survives and thrives.

Trump keeps pushing ‘negative' interest rates. What would that mean for your wallet?

The idea of negative interest rates has always been an interesting hypothetical, but now is increasingly a reality globally. Here's a look at what that might look like at home if the president were to get his way. #interestrates #cre #finance #slatt http://ow.ly/CwKK50wyAYA

nbcnews.com While no one expects rates to drop to zero or turn negative any time soon, President Trump and some of the giants of consumer finance have opened a door that was long assumed to be locked. It’s worth peering through.

Biggest Banks Are Less Likely to Wreck the Economy Than a Decade Ago

http://ow.ly/Vcjj50wn2xm

bloomberg.com After a decade of being regulators’ favorite target, the world’s biggest banks now pose less of a risk to the economy than before the financial crisis, according to the Bank for International Settlements.

The 10 trends that will shape real estate in 2020

http://ow.ly/Qgf450whPfU #CRE #CREFinance

curbed.com The Urban Land Institute’s annual look at the year ahead finds some direction within a fog of uncertainty.

Market Update Q3 2019 - Barry Slatt Mortgage

http://ow.ly/2WNF50wi6KV #CREFinance #InterestRates #Slatt

slatt.com Barry Slatt Mortgage Company has identified the following 3rd quarter 2019 market trends: Interest rates for long-term fixed-rate loans have decreased substantially since the end of 2018 when the 10 Year Treasury (US10Y) peaked at 3.25%. Interest rates for benchmark...

Bernie Sanders says ‘housing must be a right’ with $2.5 trillion plan

#Bernie #Housing #Multifamily #GSEs #2020 #CRE ://www.curbed.com/2019/9/16/20867424/democratic-debate-bernie-sanders-affordable-housing-plan

curbed.com The proposal Includes national rent control, community land trust, and housing assistance as an entitlement.

Trump’s housing-finance plan aims to curb GSE lending in areas with rent control

With California set to adopt statewide rent control measures in 2020, it looks like we could be headed for a showdown... http://ow.ly/XtsL50wdZe4 #Fannie #Freddie #RentControl #CREFinance #Slatt

housingwire.com Buckle your seatbelts, California. You may be in for another showdown with the Trump administration. One of the proposals buried in Treasury’s housing-finance plan was: curbing Fannie Mae and Freddie Mac multifamily lending in areas that adopt rent control. “The lesson I've had through observing...

Fed Cuts Interest Rates by Another Quarter Point

https://www.nytimes.com/2019/09/18/business/economy/fed-interest-rate-cut.html

nytimes.com The Federal Reserve cut rates for the second time since July as risks to the economic outlook mounted.

A 2.00% 10 Year Treasury? | Industry News | Pensford

A very smart and concise look at last week's treasury volatility and where we might go form here, from the good people at #Pensford. http://ow.ly/G5lO50wbQF3 #InterestRates #CRE #Loans #Slatt

pensford.com The 10 Year Treasury had one of its biggest weekly spikes in history, barring a shocking number one way or the other, it seems unlikely the 10T will move dramatically.

FHFA Revises Multifamily Loan Caps for the GSEs | GlobeSt

More than ever, it is important to work with a group that understands all of the nuances of GSE lending, and #Slatt can help. Ask me about the advantages of executing through our correspondency with PGIM Real Estate Finance. #Fannie #Freddie #CRE #Loans http://ow.ly/ZxLq50wbMo8

globest.com Going forward loans that finance energy and water efficiency improvements will be considered conventional business, unless they meet affordability requirements.

California Assembly passes statewide rent control bill—governor will sign

Bill would not apply to buildings that opened within the past 15 years #multifamily #realestate https://la.curbed.com/2019/9/10/20857225/california-rent-control-bill-1482-approved

la.curbed.com The bill will cap rent hikes at 5 percent, plus inflation.

JPMorgan Creates ‘Volfefe’ Index to Track Trump Tweet Impact

😂😂😂 #volfefe http://ow.ly/1G5S50w4IWU #interestrates #crefinance #creloans #covfefe

bloomberg.com Two of the largest Wall Street banks are trying to measure the market impact of Donald Trump’s tweets.

22nd Annual Western States CREF - Barry Slatt Mortgage

https://www.slatt.com/22nd-annual-western-states-cref/

slatt.com The following are Barry Slatt Mortgage Company’s primary takeaways from this week’s California Mortgage Bankers Association Western States Commercial Real Estate Finance (CREF) conference in Las Vegas, Nevada. The general mood across the majority of participants at this year’s event...

Another great Mortgage Bankers Association #CREF conference in the books. 20+ lender meetings over two days is exhausting but well worth it. Looking forward to sharing the fresh market intel and insights with clients and broker partners in the coming days. #crefinance #slatt

Interest Rate Update - August - Barry Slatt Mortgage

https://www.slatt.com/interest-rate-update-august/ #loans #interestrates #crefinance #realestate #creloans

slatt.com 2019 has been a rollercoaster for the 10-year benchmark US Treasury (US10Y), however, the rate has dropped in greater increments then it has recovered. Any stabilization and or recoveries in the US10Y rate in 2019 have been brief. Closing today...

Fed’s Regional Presidents Lining Up Against Additional Rate Cuts

http://ow.ly/eLh650vHdHq #interestrates #loans #cre #crefinance #monetarypolicy #creloans

bloomberg.com economics Fed’s Regional Presidents Lining Up Against Additional Rate Cuts By Matthew Boesler and Christopher Condon Updated on Fed’s Regional Presidents Lining Up Against Additional Rate Cuts By Matthew Boesler and Christopher Condon , KC Fed chief George says ‘it’s not time yet’ for more...

What the Inverted Yield Curve Means for CRE

In this kind of a market where rates are low, asset prices have yet to adjust, and lending standards are starting to tighten, it is important to work with a mortgage banker that has realtime market data to help you maximize this opportunity to lock in low rate financing.
#creloans #crefinance #slatt #interestrates http://ow.ly/5aEb50vDsaU

cpexecutive.com Recession fears loom with investors piling into long-term government bonds, but the implications for commercial property are a mixed bag.

Rate Lock: 6 Facts - Barry Slatt Mortgage

https://www.slatt.com/rate-lock/ #ratelock #cre #loan #interestrate #crefinance

slatt.com With treasury yields and the other indexes that make up the basis for many commercial real estate loans at recent lows, it’s time we have a chat about the rate lock. This seemingly simple concept is fraught with half-truths, mistaken expectations,...

Dollar Store Sector Continues to Attract Private and 1031 Exchange Buyers | GlobeSt

Investing in a Dollar Store NNN Lease Property? Call me for access to competitive lenders who will look at the credit of the tenant and past the tertiary locations of many of these stores. #CRE #Loans #NNN #DollarTree #FamilyDollar #DollarGeneral #Slatt
https://www.globest.com/2019/08/13/dollar-store-sector-continues-to-attract-private-and-1031-exchange-buyers/?kw=Dollar%20Store%20Sector%20Continues%20to%20Attract%20Private%20and%201031%20Exchange%20Buyers&utm_source=email&utm_medium=enl&utm_campaign=chicagoamalert&utm_content=20190813&utm_term=rem

globest.com The report states that in 2019 Dollar General alone plans to open approximately 1,000 locations, while the dollar store sector has a pipeline of approximately 24,000 new locations planned for the future.

Multi-Family Market Update - Barry Slatt Mortgage

http://ow.ly/KS5Y50vt9Iq #cre #loans #apartments #multifamily #slatt #realestate

slatt.com With many investors focusing on multi-family properties as their favorite real estate asset class, it is essential to understand where multi-family properties fit in today’s dynamic capital markets. The following is a summary of how the major lender classifications look...

Pizza Hut closing 500 stores is real world example of evolving consumer habits driving real estate decisions in retail. Now more than ever, investors seeking capital should work with a banker who understands the space. #cre #loans #retail #qsr #slatt http://rebusinessonline.com/pizza-hut-to-close-500-stores-over-next-24-months/

How Walgreens’ Store Closings Will Affect Landlords

http://ow.ly/7wRx50vsjpP Interesting article on what store closings will mean for landlords. Still plenty of $$$ out there for strong locations as well as bridge lenders who can help with a reposition. #creloans #walgreens #bridgeloans #NNN #retail

cpexecutive.com As the drugstore chain plans to shutter hundreds of locations, how will the move affect retail investors? Net lease executives weigh in.

Attention #NNN Investors: Wouldn't it be great to lock rate at application and protect yourself against rising rates, but also be able to capture any drop in rate during processing too? Dream no more! For the right deal, I can lock your rate at app and then reprice it just days before closing. Call me to see if your deal is a fit! #RateLockProtection #CRE #Loans #InvestmentRE

Attention #4-plex and #SFR portfolio owners! Are you are tired of managing multiple loans and making multiple payments? Talk to me about consolidating into one commercial loan. You may even be able to unlock trapped equity across the portfolio. #CRELoans #InvestmentProperties

Middle-Market Commercial Lending - Barry Slatt Mortgage

http://ow.ly/7Ij750vdfur #CRELoans #MiddleMarket #CallMe

slatt.com Although there is no formal standard industry definition for what constitutes a “middle-market commercial loan”, many consider loans in the $1,000,000-$50,000,000 range to be included in the middle market space. Many lenders, brokers and mortgage bankers do not like the...

Why Life Insurers' Market Share Is Blooming Amidst Intense Competition

Never borrowed form a LifeCo before? You might be surprised by the competitive features of their programs. BSMC represents an impressive roster of top LifeCo lenders other brokers can't access. Call me to see if your loan might be a fit. #creloans https://commercialobserver.com/2019/07/life-insurers-market-share/

commercialobserver.com Their lending volumes have continued to rise, nearly across the board.

Yield Curve Weirdness

The yield curves for many countries are getting weird, weird, weird. How far will the Fed cut its own rate and will we ever return to the mean? Will negative interest rates become the new norm?

seekingalpha.com Every Danish government bond currently circulating in the market is trading at a negative yield. ECB QE does reduce yields on periphery bonds, which helps make

L.A. County property assessments hit record $1.6 trillion

The continued growth of property values in Los Angeles coupled with historically low interest rates make it a great time to be an LA real estate borrower. Whether you are acquiring new property or looking to pull cash out of an existing holding, it pays to have a great mortgage banker lining up your options.

latimes.com It was the ninth consecutive year of gains in property assessments. The biggest jump occurred in Inglewood, thanks to the new NFL stadium being built there.

Powell Sounds Dovish Enough to Open Door for a Half-Point Cut

https://www.bloomberg.com/news/articles/2019-07-10/powell-sounds-dovish-enough-to-open-door-for-a-half-point-cut?cmpid=BBD071119_MKT&utm_medium=email&utm_source=newsletter&utm_term=190711&utm_campaign=markets

bloomberg.com Nothing seems likely to stop Jerome Powell from cutting interest rates later this month. Not the regional Federal Reserve presidents who want to wait, not the strongest labor market in decades, and certainly not the political shadows that hang over such a move.

Correspondent Corner - Barry Slatt Mortgage

https://www.slatt.com/correspondent-corner-15/

slatt.com Barry Slatt Mortgage would like to profile a correspondent lender program. The following outlines one of our most competitive Life Insurance correspondent lenders in the market. Loan amounts range from $500,000 – $20,000,000 with a focus on $2,000,000 – $10,000,000 Nationwide...

Market Update Q2, 2019 - Barry Slatt Mortgage

https://www.slatt.com/market-update-q2-2019/

slatt.com The following are 2nd quarter 2019 market trends that have been identified by Barry Slatt Mortgage: Interest rates for long-term fixed-rate loans have decreased substantially since the end of 2018. While adjustable rate loans based on U.S. Prime and LIBOR...

MBA's Q1 Mortgage Delinquency Rate and Debt Outstanding Reports Released

Last week, MBA released two reports covering the commercial/multifamily real estate finance markets.

Steady U.S. economic growth continues to support the financing and values of commercial and multifamily properties. Commercial/multifamily mortgage delinquencies remain at or near record lows for most capital sources, and mortgage debt backed by commercial and multifamily income-producing properties continues to grow at a strong pace, with three of the four major capital sources growing their holdings by more than one percent during the first quarter of 2019.

Other highlights:

• Commercial and multifamily mortgage delinquencies stayed low in the first quarter of 2019.
• The level of commercial/multifamily mortgage debt outstanding rose by $45.4 billion (1.3 percent) in the first quarter of 2019.
• Life insurance companies increased debt outstanding by 2.2%, banks increased by 1.1%, and agency increased by 1.8% in the first quarter of 2019

MBA.org

*above information provided by Jamie Woodwell, Vice President, Commercial Real Estate Research for Mortgage Bankers Association (MBA)

To learn more, download MBA's 1Q Commercial/Multifamily Mortgage Delinquency Rate and 1Q Commercial/Multifamily Mortgage Debt Outstanding reports free of charge.

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How Will the Drop in Interest Rate Impact CRE Pricing? | GlobeSt

globest.com Rising interest rates had stalled pricing, but a rapid shift in the 10-Year Treasury rates could fuel modest price growth in the near term.

ICSC RECon 2019 Top Takeaways - Barry Slatt Mortgage

https://www.slatt.com/icsc-recon-2019-top-takeaways/

slatt.com ICSC RECon 2019 was held in Las Vegas, Nevada earlier this week. Half a dozen of our producer were in attendance at the retail organization’s largest annual event. Our team spent several days connecting with principal/owner clients and colleagues active...

Happy to have closed this Walgreens refinance for grateful clients as part of a tricky estate planning transaction. 5 Year Fixed, 30 Year Amortization, 52% LTV, 1 Year Interest Only

Goldman Fund Says Bond Market Has Gone Too Far, Yields Will Rise

https://www.bloomberg.com/news/articles/2019-05-16/goldman-fund-says-bond-market-has-gone-too-far-yields-will-rise?cmpid=BBD051619_MKT&utm_medium=email&utm_source=newsletter&utm_term=190516&utm_campaign=markets

bloomberg.com Bond yields are poised to rebound as gains in Treasuries and a market gunning for Federal Reserve interest-rate cuts are at odds with a U.S. economy on firm footing, according to Goldman Sachs Asset Management International.