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Top related persons:
David Blumberg - 3 we'd - 2 Blumberg - 2 Realty - 1 Michael Maturo - 1 Maturo - 1 Jack Terzi - 1 Terzi - 1
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Search resuls for: "David Blumberg"


4 mentions found


☆ The 4% mortgage rate and other sweet offers from lenders hoping to stave off commercial real estate doom
  + stars: | 2024-03-27 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +8 min
Instead a deal is now being negotiated to trim the size of the property's $240 million mortgage and potentially extend the loan at below-market interest rates in an attempt to revive the property's fortunes. The negotiations show that as hundreds of billions of dollars of commercial real estate debts come due or have already tumbled into default, deals are being arranged behind the scenes to try to stave off financial catastrophe. More borrowers and lenders have sought to buy timeThere is mounting evidence that such negotiations are taking place more widely. There have been concerns that trillions of dollars of upcoming commercial property debt maturities could inflict heavy losses that could weigh on investors and lenders across the property market and even cause systemic issues in the banking sector. The deal is part of a growing number of sales by some lenders to cut down their exposure to commercial real estate.
Persons: Realty, Michael Maturo, we'd, Maturo, Jack Terzi, Terzi, Jamie Woodwell, Stephen Buschbom, Trepp, Alan Todd, David Blumberg, Raymond Boyd, Blumberg, Robert Ivanhoe, Greenberg Traurig, Ivanhoe Organizations: New, Aareal Bank, Business, JTRE Holdings, Mortgage Bankers Association, Treasury Department, Bank of America, 601W Companies, Aon, Aon Center, Federal Reserve Locations: New York, Lower Manhattan, Manhattan, New York City, Chicago
☆ Lenders are bailing out of commercial real estate as a wave of debt builds
  + stars: | 2024-01-30 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +10 min
Roughly $2.1 trillion of debt connected to commercial real estate assets, including office properties, apartment buildings, hotels, and retail spaces, will come due between now and the end of 2025 in the US, according to the real estate services firm JLL. The wave of maturities and the enormous equity shortfalls have raised concerns that a growing number of commercial real estate debts will fall into distress, forcing banks and other lenders to suffer losses. His group tracked about $15 billion of commercial property debt sales during the year, roughly three times the volume from 2022. Commercial real estate loans differ from residential mortgages taken by homeowners in that most are interest-only or pay down their principal balance minimally and span a decade or less. More banks are exploring loan salesBanks and other lenders generally aren't eager to seize the real estate assets that collateralize their debt.
Persons: Jerry, Stephen Scouten, Piper Sandler, it's, Kevin Aussef, Aussef, David Tobin, Marcus, Millichap, Synovus, Tobin, David Frosh, they're, Frosh, Fitch, David Blumberg, we'd, Blumberg, Daniel Geiger, Rob Verrone, Banks, You've, Bliss Morris, Morris Organizations: Amerant Bank, Business, Banking, CIBC, Mission, PacWest, HSBC, Fidelity, Funding Inc, Blackstone, Bloomberg, Broadway, Aon Center, 601W Companies, Iron Hound Management, First Financial Locations: Coral Gables , Florida, Houston, Canadian, Brookfield, Los Angeles, Columbus, Manhattan, Midland, Chicago, Oklahoma City, New York
☆ Ron DeSantis turns to Wall Street executives, top lawyer for fundraising boost to catch Trump
  + stars: | 2023-09-13 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +1 min
Republican U.S. presidential candidate and Florida Governor Ron DeSantis speaks during his "Never Back Down" tour ahead of his appearance at the Iowa State Fair, in Atlantic, Iowa, August 11, 2023. DeSantis will be hosted at a fundraising breakfast on Thursday in New York by at least seven wealthy executives, according to one invite. Burck has previously represented former Trump advisors while they faced legal hurdles, including Steve Bannon and former Secretary of State Mike Pompeo. DeSantis' fundraising trip to New York comes as he's lagging the former president in polls. Trump is favored in the Republican primary with 62% support, followed by DeSantis at 12%, according to a new Quinnipiac poll.
Persons: Ron DeSantis, Donald Trump, DeSantis, William Burck, David Blumberg, Steve Hornstein, Mark Gerson, Gerson, Burck, Steve Bannon, Mike Pompeo, Trump, Emil Henry Organizations: Republican U.S, Florida, Fair, Florida Gov, Wall, Republican, Blumberg Capital, Global Credit Advisers, Gerson Lehrman, Trump, Tiger Infrastructure Partners Locations: Iowa, Atlantic , Iowa, New York, Quinnipiac
☆ Analysis: As Republicans look to 2024, jockeying to take on Trump begins
  + stars: | 2022-11-20 | by ( James Oliphant Nathan Layne | James Oliphant | Nathan Layne | ) www.reuters.com   time to read: +7 min
"Donald Trump is the only Republican that would lose" in 2024, he said. Trump launched a fresh campaign for the Republican nomination on Tuesday, before the final midterm votes have even been tallied. "We have to stay strong and we have to fight and frankly, you better hope a certain person wins the election in 2024," Trump said to cheers. The man who could pose the largest threat to Trump, DeSantis, also received a fervent response as the final featured speaker on Saturday night. Trump's false claims that the 2020 election was fraudulent had "diminished" the party, he said.
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