We are collecting horror stories about condo finance, and there are allot of nightmares out there. There are 2 dirty words to bankers today: “sub prime” is so yesterday, while the hated word of 2009-10 seems to be ‘condos’.
But why are condos such bad news in the minds of lenders and are they really as […]
Category Archives: Condo Hotels
Why Bankers Hate Condos
August 25, 2010 – 7:36 pm
Condo Finance Reform: the time is now
August 11, 2010 – 12:30 pm
“No.” this is a common answer from lenders about whether they will finance even existing mixed use condominium projects.
The project approval rules are flawed, and lenders are creating their own crisis by denying good condo projects ANY financing, under ANY terms. The need for a condo finance reform has never been more important.
check out www.RCFRC.org […]
Condo Hotel Developer, Ceebraid-Signal Defaults on another mortgage
July 26, 2010 – 5:26 am
Foreclosure Round: Palm Beach hotel defaults on $60M loan
From: South Florida Business Journal - by Brian Bandell
Swiss bankers are coming to Ceebraid-Signal […]
Condo Finance Reform… the time is now
July 25, 2010 – 7:12 pm
Since I last wrote you, much legislative and regulatory activity has transpired in Washington that will have a profound impact on our industry. The recent passage of the Dodd-Frank Financial Reform Bill and signed by President Obama last week underscores that CHANGE is now. This legislation will open the floodgates of new regulations that will […]
How to Steal a (Condo) Hotel
June 21, 2010 – 7:18 pm
There is a theft of property going on around America today. Real estate values are being depressed even further by legal manipulators of condo home owner’s associations (HOA). High-jacking a HOA is an inexpensive way to crush a project’s value.
Who wants to buy into a condo project where the owners are fighting, or are in […]
