* Constraints on commercial real estate lending eased during the first half of 2010, a trend that should continue as more lenders re-enter the securitization market and life insurance companies pursue a broader range of deals. Unlike a year ago, financing has become available for properties over $10 million, and some lenders have re-engaged higher-quality, lower-risk transactions in noncore markets. In addition to greater availability of financing across property types, price ranges and markets, lenders also have increased loan-to-values (LTVs) on new loans by an average of 5 percent from last year. Despite these positive developments, potential borrowers continue to face tight underwriting standards and stringent lender requirements compared to historical standards. * While commercial mortgage originations during the first quarter remained depressed relative to figures reported from 2005 to 2007, conduits and life insurance companies drove up activity 12 percent from last year. During the first half of 2010, U.S. CMBS issuance reached $2.4 billion, approaching the 2009 total of $3 billion but still just a fraction of the $197 billion annual average reported from 2005 to 2007. Even when viewed against a less frothy period, such as 2000 to 2003, activity in the first half still pales by comparison. Recent CMBS issuance included multiple-borrower deals with subordinate tranches, a far cry from the ultra-safe, single-borrower transactions completed late last year, generating optimism the sector will soon offer increased liquidity. * New CMBS loans price in the 6.0 percent to 6.5 percent range for five-year mortgages, with lenders targeting deals of $10 million or more. While these interest rates may be at the higher end of the spectrum, CMBS borrowers can often negotiate 30-year repayment schedules versus an average of 25 years for life insurance companies, offsetting the impact of interest rates on monthly payments. In addition, LTVs for CMBS loans can push into

Original Broadcast Date: February 18, 2009

Syndicate Your Way to a Huge Payday

You’ll discover:

• What is Syndication?
• How Can You Become a Syndicator?
• How to Leverage Your Expertise Instead of Your Money?
• How to Put Together Million Dollar Deals without Putting up a Penny of Your Own Money
• 10 Top Ways to Make Money as a Real Estate Syndicator
• 10 Easy Steps to Forming Your Real Estate Syndicate
• 5 Syndication Business Models – Copy Your Way to Success
• How to Form Syndicates in Other Markets – Not Just REI

Jerry is a commercial investor based in Springfield, Missouri and he spends about an hour taking us through his strategy and sharing tips, tricks and the secrets to his success.