The Loan Committee™

With vacancy rates modestly falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business, according to the National Association of Realtors® quarterly commercial real estate forecast…National vacancy rates over the coming year are expected to decline 0.1 percentage point in the office market, 0.5 point in industrial, and 0.3 point for retail; however, the average multifamily vacancy rate is forecast to rise 0.2 percentage point, with that sector still showing the tightest availability and biggest rent increases.  read entire article.  Author/Media Contact:  Walter Molony.  Source:  National Association of Realtors®

Miami’s commercial market continued its climb out of the downturn in 2012, with improvements across the retail, office and industrial sectors.  But what’s on the horizon for a market vulnerable to a still stagnant national and local economy?  read entire article….  Source:  The Real Deal.  Author:  Alexander Britell.

MS. LORI PARRISH, CFA, Broward County Property Appraiser (BCPA) was the keynote speaker at The Loan Committee breakfast held at the Tower Club on November 16, 2012.  Mr. Dan Hafner, MAI, Commercial Senior Coordinator, and Mr. Robert Zbikowski, MAI, Commercial Senior Appraiser with the BCPA also addressed the group.  What to expect in 2013 and beyond based on trends over the last four years was discussed, as well as a discussion of recent changes (legal, etc.) that members of The Loan Committee should be aware of.  Attendees included south Florida lenders and commercial real estate professionals.

DAVID SELESKI, President and CEO with Stonegate Bank was the keynote speaker at The Loan Committee breakfast held at the Tower Club on September 21, 2012.  Mr. Seleski gave an informative presentation on recent trends in commercial banking and regulatory updates.  Attendees included south Florida lenders and commercial real estate professionals.

BRAD COX, CCIM, CPM, Senior Vice President with Thomas D. Wood and Company, understands where to find capital in today’s commercial real estate market, helping clients add value to their properties, resolve debt-related issues and closed transactions quickly and efficiently.

Thomas D. Wood and Company specializes in arranging capital for commercial real estate investors.  Loan sizes are $500,000 and up.  Fixed rate terms of 3-5-7-10-15 or 20 years can be structured.  They have been a very active Florida based commercial mortgage banker for the past 38 years with six offices, over 30 employees and a loan servicing portfolio exceeding $1.2 Billion.  A number of active life insurance company lenders have been represented for many years and the company also has solid relationships with community banks, private lenders, and portfolio lenders.  Contact BRAD COX at 941-552-9731 (Sarasota) for additional information on lenders, client testimonials and recent closings.

PETE POWELL is the owner of Collateral Logistics Systems and is an experienced CRE Due Diligence Executive. Pete has  21 years of specialty consulting experience relating to CRE & CMBS loan negotiations and due diligence, integrated with IT management and development.   Pete is seeking professional consultancy assignments specializing in full due diligence solutions and commercial real estate loan negotiations for institutional investors and commercial banks.  Contact Pete at 561-705-5100 for additional information.

The Loan Committee™ provides a unique networking opportunity for professionals in the commercial real estate lending field in Florida.  Members can stay apprised of upcoming events, share information with each other, and maintain and develop new contacts online and through networking events held throughout the year.