The Loan Committee™

A multimillion-dollar conversion into a retail center is restoring the Lincoln Theatre’s dramatic Art Deco design and commercial shine.  Author:  Andres Viglucci, Source:  The Miami Herald. read entire article…

September proved to be a busy month for the single tenant net lease sector.  Within a 24-hour period on September 6, Realty Income Corp., an Escondido, CA based REIT specializing in net lease properties, bought American Realty Capital Trust, which owns 501 mostly net lease buildings, for approximately $2.95B, then Lexington Realty Trust, a New York City based REIT, announced it was acquiring a portfolio of net lease office and industrial properties from its joint venture with Inland American for $480M.  Author:  Elaine Misonzhnik, Source:  National Real Estate Investor

photo credit: GoboNdc via photopin cc

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.

MEMBER NEWS

Clobus Real Estate Brokerage & Valuation, Inc., is a full service commercial real estate appraisal firm with 40 years experience in South Florida.  Contact ROBERT D. CLOBUS directly at 954-689-8822.

MEMBERS ON THE MOVE

PHILIP CARROLL joined Grandbridge July 2nd to open an office in Miami to serve southeast Florida. Grandbridge is a Fannie Mae DUS lender, a Freddie Mac and FHA Lender, as well as a correspondent lender for more than ten life companies. They also have a proprietary loan program offering non-recourse bridge loans up to $40 million. Call Phil directly for info 305-523-1812.

Regent Bank has an opening for a Commercial Loan Officer in their Fort Lauderdale office due to a pending retirement.  Please visit the Regent Bank website (http://www.regentbank.com) for details.

Bank of America Center in Downtown Miami, with the Metromover track in the foreground (Photo credit: Wikipedia)

Bauer Financial upgraded its ratings for Bank of America and SunTrust Banks, two of the largest banks in South Florida, as well as three Miami-based banks that were boosted to the highest possible rating.  Author:  Brian Bandell.  Source:  South Florida Business Journal

English: The Miami Herald and El Nuevo Herald building in Miami, Florida as seen from the Venetian Causeway 7/11/2008. Español: El edificio del The Miami Herald y El Nuevo Herald (Photo credit: Wikipedia)

With discussion swirling around the possibility of historic designation for the old Miami Herald building, one must not lose sight of the intent and purpose of the city’s preservation program.  Authors:  Richard J. Heisenbottle and Ivan Rodriguez.  Source:  The Miami Herald

Commercial Capital Advisors, LLC was formed by ADAM P. VON ROMER, CCIM.  Adam has been in real estate for over 30 years and is a real estate instructor, licensed real estate broker and in good standing.  Commercial Capital Advisors, LLC focuses on helping commercial investment property owners preserve their equity while structuring a mutually beneficial modification strategy to the benefit of both the borrower and the lender.  Contact Adam directly at 954-495-1818 for more information.