You Better RUN to Your Commercial Lender

Mortgage money for commercial real estate loans is drying up.  Officially several thousand banks are still in the market to make commercial loans, but in practice the banks simply aren't approving many deals.  The volume of commercial real estate lending by banks is down by more than 60% since last August.  A commercial loan has to be almost perfect to get approved by a bank these days.

And the situation is going to get worse.  Most western countries are in the midst of a credit crunch.  The money supply is steadily shrinking.  Commercial real estate lenders are getting more and more frightened.  This tight money situation could continue for seven to ten years ... or maybe longer.  Japan's money supply began to contract when it's stock market crashed in 1990.  Eighteen years later banks in Japan are still very cautious about lending.

If you have a balloon payment coming due on any of your commercial properties in the next three to four years, you better run, not walk, down to the nearest bank first thing tomorrow.

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