The Loan Committee™

SALTZ MICHELSON ARCHITECTS is proud to announce it has completed the design of Delray Place, a 125,000 SF Neighborhood Center anchored by Trader Joe’s. Located at the Southeast corner of Linton Boulevard and Federal Highway in Delray Beach, Florida, the project is designed to be a southern Gateway to the City and act as a catalyst to spur the renaissance of the South Federal Highway corridor.

Retail Property Group, the owners and developers of this project, selected Saltz Michelson architects and J. Raymond Construction to ensure the successful development of their retail center. Construction is anticipated to be completed by the third quarter of 2014.

For additional information contact TONI FARBER, Director of Business Development – Saltz Michelson Architects at 954-266-2700.

The U.S. manufacturing sector expanded at its fastest pace in 2½ years last month, an industry report showed on Monday, while the pace of hiring in the sector also accelerated. The Institute for Supply Management (ISM) said its index of national factory activity rose to 57.3 in November—its best showing since April 2011—from 56.4 the prior month. view entire article and video… Source: Reuters / CNBC

The FDIC released details of its enforcement action activity through October 2013. For the week, there were nine removals that lower the Unofficial Problem Bank List to 645 with assets of $221.2 billion. At the end of November last year, the list held 856 institutions with assets of $326.4 billion…read entire article.  Author.  Bill McBride.  Source.  Calculated Risk Finance & Economics.

In the late 1990’s and early 2000’s, CMBS loan modifications and extensions were relatively straightforward. Early CMBS loans were originally underwritten based on in place cash flow and reasonable LTV’s and DSCR’s, loans typically transferred into special servicing either due to a maturity default or payment default. The reasons for the defaults were, again, fairly straightforward, loss of an anchor tenant in a shopping center or mall, loss of one or more big tenants in an office building, franchise issues with a hotel, or high vacancy in a multi-family property that was competing against relatively inexpensive housing.  read entire article…  Author:  Andrew Hundertmark.  Source:  CWCapital Asset Management.