by Glen | May 29, 2017 | Commercial Lending valuation
This weekend I was asked to lend on a file in Colorado. The borrower mentioned his zestimate was 250k. I was intrigued because the house was not in the nicest area. His zestimate value sucked…. Zillow also thinks it sucks since they are offering $1m to anyone who...
by Glen | Apr 29, 2017 | Commercial Lending valuation
Shh! There is a big secret going on in the banking community. Do you know what it is? About six months ago I started seeing an interesting trend. Many banks were starting to be a little more conservative on their underwriting. In essence, banks were tightening...
by Glen | Apr 9, 2017 | Commercial Lending valuation
Jim Rogers, the famous investor and republican supporter who called the last recession, recently said “there was a 100 percent probability that the U.S. economy would be in a downturn within one year.” (see articles below). I’m not convinced we are 12 months out, but...
by Glen | Feb 9, 2017 | Commercial Lending valuation
In 2016 commercial real estate deal volume fell by 11% for the first time since 2009! According to a recent Wall Street Journal report, some prominent real estate investors are reducing their holdings and taking money off the table. Who is pulling back? What...
by Glen | Feb 6, 2017 | Commercial Lending valuation, Denver Hard Money, Housing Price Trends / Information
Last week I wrote about the large increase in flips in Atlanta. I was surprised that Atlanta was above its pre-recession peak. This got me thinking about Denver. In the Denver news today, it was reported that foreclosures recently increased for the first...
by Glen | Jan 16, 2017 | Commercial Lending valuation, Hard Money Lending, Housing Price Trends / Information
A recent Trulia analysis of U.S. listings shows that 3.9 percent of homes that moved from for-sale to pending moved back to for-sale again, nearly double the rate in 2015. What is the number one reason sales typically fall out? Financing is the number one...
