Tweet I recently received a marketing email for a vacant restaurant building in Las Vegas. The very first “selling point” was as follows: FDIC Owned! I see these type of statements all the time now and I just wanted to make a few comments on the matter. My question is simply this: Why does the [...]
Tweet Standard & Poor’s had downgraded 15 classes of bonds backed by a $425 million loan secured against the Four Seasons Hotel in New York and 3 other luxury resort hotels. The action was triggered by a drop in cash flow which was 46% below S&P expectations. Surely, the expected cash flow figure had already [...]
Tweet Lately I have been receiving a high volume of calls from appraisers. Appraiser calls are nothing new. Normally, I receive a handful a month calling to ask questions about properties I have sold or asking for my opinion on a particular property they are trying to value. Now, I am receiving several appraisal calls [...]
Tweet The embedded document below shows the 50 safest/strongest banks in the world as analyzed by Global Finance. There are only 4 U.S. based banks on the list (Wells Fargo: #21; US Bancorp: #26; The Bank of New York Mellon: #35; and JPMorgan Chase: #47). Bank of America is notably absent from the list. European [...]