LSI 2010 Real Estate Joint Ventures conference materials.pdf
LSI 2010 Real Estate Joint Ventures conference materials.pdf
LSI 2010 Real Estate Joint Ventures conference materials.pdf
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Tracy B. Edgers of Wells Fargo Bank Speaker 3: 4<br />
Impact on commercial real estate debt<br />
markets<br />
Finding a New Equilibrium<br />
New real estate loan activity continues to be very light<br />
<strong>Real</strong> estate fundamentals continue to deteriorate and values<br />
continue to decline as vacancies and rents are expected to<br />
reflect a weak economy<br />
Loan Market Considerations<br />
Banks very selective and focused on best clients<br />
Lender credit approval process has lengthened significantly<br />
Pricing and fees higher across the board with LIBOR floors<br />
being required in most instances<br />
6<br />
Social commentary<br />
Fat<br />
Cat<br />
7<br />
Law Seminars International | <strong>Real</strong> <strong>Estate</strong> <strong>Joint</strong> <strong>Ventures</strong> and Funds | 02/08/10 in Seattle, WA
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