Barry Sternlicht, co-founder, chairman and CEO of $115 billion real estate giant Starwood Capital Group, is concerned about the more than 4,000 regional and community banks in the U.S. The billionaire investor says the real estate industry is struggling with rising interest rates, vacancies and inflation, and preferred lenders could feel the pain. “I think people are looking for these cracks and now you're going to see those cracks widen. You're going to see community banks fail every day. Every week, maybe even twice a week,” he told CNBC on Tuesday. Contrary to Sternlicht's prediction, only one U.S. bank has…
Author: Private Lending Agent
Small business insurance provides financial protection against losses for your New Jersey business. The types of risks covered vary by policy and can include property damage, employee injuries and illnesses, liability and lawsuits, or acts such as cybercrime or employee theft. Compare small business insurance companiesSmall business owners have plenty of insurers to choose from. Here’s how a selection of those companies stack up.General Liability, Workers’ Compensation, BOP, Commercial Auto, Commercial Property, Professional Liability, Business Property, Product LiabilityBusiness Owner’s Policy (BOP), Property, Liability, Business Interruption, Equipment Breakdown, Commercial AutoWorkers’ Compensation, BOP, Cyber Insurance, Management & Professional Liability, General Liability, Business…
As a small business owner, being able to leverage a financial institution’s deep pool of capital is important. After all, with a small business loan, you can do everything from fund essential start-up costs to purchase operating expenses for stability and expansion. Moreover, you won’t need to depend on or delete our own cash as you move forward with your venture. The right loan for you will be easy to manage and come with the lowest associated costs.There are many small business loans on the market for New Jersey business owners though, so how do you choose? Here is a…
⏰ Estimated reading time: 8 minutesIf you have a weak or shaky credit history, you may be able to get a business loan without a credit check. Most lenders will conduct a credit check as part of the application process, but some lenders waive this requirement or only make a soft inquiry that won't affect your credit score.However, these no credit check business loans are usually expensive because they have high interest rates, high fees, and short terms. Also, be careful of unscrupulous lenders who promise “no credit check” or “instant approval” in an attempt to take advantage of borrowers…
BILLINGS – A Billings property owner says he is trying to regain possession of his property from a habitual squatter in a dispute that has been going on for more than two years.Allen Rice purchased a large commercial building at 1140 First Ave. N. in the Billings BIRD District about two years ago with the hopes of renovating it into affordable housing.The Billings Fire Department issued a citation to the building and to Rice for not having proper fire suppression equipment, a violation that led to Rice abandoning his plans to build a boarding house after he found the cost…
We consider all price ranges in West Raleigh. What's the best thing about Raleigh? What's the best thing about Raleigh? Where does it have the best amenities? Where is it most conveniently located? Today we're featuring West Raleigh. ITB and Midtown are great. North Raleigh is popular. South Raleigh is growing. But today we're going to argue that West Raleigh is the best part of the city. Debate if you want, but our argument is pretty convincing. Learn more about the different parts of Raleigh and find your home here. There are places in West Raleigh where you can live…
Commercial real estate buildings are one of the largest global producers of carbon emissions, with all property collectively responsible for 37 percent of total carbon emissions and 34 percent of energy consumption, according to global brokerage CBRE. As such, greening of the built environment can make a huge contribution to a more sustainable future and help owners and occupants meet ESG targets, but those same improvements also make financial sense as part of a value-creation strategy. As with many initiatives, the development of a more environmentally friendly commercial real estate sector can only really be sustained if it is financially…
KKR expects to see increased private market developments, particularly in core and core-plus real estate. During the New York-based asset manager's first-quarter earnings conference call, co-chief executive officer Scott Nuttall spoke about the firm's plans to invest Global Atlantic's portfolio in real assets. KKR acquired a majority stake in Global Atlantic in 2021 and has served as investment manager for the insurer's portfolio since then. In January of this year, it acquired the remaining 37% of the insurer. “Global Atlantic will become more engaged across asset classes such as real estate and infrastructure, particularly in its core areas. As we…
Many commercial real estate investors have endured a dismal 2023. Soaring inflation and interest rates have caused sudden fluctuations in borrowing and construction costs, valuations and asking rents. Value-add dealmaking, the lifeblood of many funds, dried up as investors halted new commitments and managers grappled with the challenge of underwriting deals in a rapidly evolving landscape.The headwinds have rattled the sector, causing global deal volume recorded by MSCI to plummet 48% from $1.18 trillion in 2022 to just $615 billion last year, the lowest level since 2012. Sharp interest rate increases around the world – a dramatic shift from the…
Listen to the article 4 minutes This audio is automatically generated, please let us know if you have any feedback. Dive Overview: Rising interest rates are hitting renewable energy harder than fossil fuel-based energy sources, and could also affect the viability of emerging energy technologies such as low-carbon hydrogen, according to an analysis published in April by Wood Mackenzie. According to Wood Mackenzie, a 2 percentage point increase in interest rates could raise the levelized cost of electricity from renewables by up to 20%, with large-scale solar PV being hit the hardest. In contrast, the levelized cost of electricity from…