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  • The Housing Market Has Bottomed [View article]
    I agree with everything in this article...except the part about the housing market bottoming.

    CNBC: Commerce Department Reports February New Home Sales Plummet ( http://bit.ly/HkqwZL )

    Your friend will soon come to understand that he paid too much for that little bungalo in Laguna Beach.
    Mar 29, 2012. 08:57 AM | Likes Like |Link to Comment
  • The Housing Market Has Bottomed [View article]
    I agree with everything in this article except the part about the housing market bottoming.
    Mar 29, 2012. 08:50 AM | Likes Like |Link to Comment
  • BP's Dudley Gets Bested by Russians Again - At Shareholders' Expense [View article]
    BP has a responsibility to its shareholders as well as to the Gulf and Gulf residents. The liability must be balanced. It would be irresponsible for BP to overpay claims just because it feels it must make contrition. The board and officers of BP are not using their own money they are using mine (along with other shareholders) and they would do well to remember that. BP should and will pay for damage they have done but not for more than they are responsible for.
    Jun 7, 2011. 10:50 AM | 2 Likes Like |Link to Comment
  • BP's Dudley Gets Bested by Russians Again - At Shareholders' Expense [View article]
    BP is going to pay for Gulf restoration anyway.
    The Russian deal was a good idea but Dudley misplayed his hand.
    They are still working hard to get a deal done. We'll see.
    GF
    www.masterplancapital.com
    May 11, 2011. 09:01 AM | Likes Like |Link to Comment
  • BP's Dudley Gets Bested by Russians Again - At Shareholders' Expense [View article]
    The scuttlebutt around the arctic is that the oligarchs think they have the upper hand as the deadline approaches. It’s common knowledge that BP is talking with Rosneft about teaming up to buy out Renova. This leads Renova to believe that they can demand and will get $40b for their shares. Wow, $40b for a piece worth $25b. If it happens it will be remarkable.
    May 9, 2011. 11:08 PM | Likes Like |Link to Comment
  • BP's Dudley Gets Bested by Russians Again - At Shareholders' Expense [View article]
    If we watch the news and watch BP stock we see that bad news about the Russian deal does not move the stock. This means that the deal is NOT priced into the stock

    Stay with me…

    If the deal is salvaged the market will price it in and, assuming they don’t give away the farm to get rid of the oligarchs, it will be all positive.

    Keep your eye on the newswires if it looks like things are swinging BP’s way, risk takers may want to add to positions.
    May 9, 2011. 10:54 PM | Likes Like |Link to Comment
  • BP's Dudley Gets Bested by Russians Again - At Shareholders' Expense [View article]
    UPDATE:
    www.offshore-mag.com/i...

    Interesting new twist to consider.
    GF
    http:www.masterplancapital.com/
    May 9, 2011. 10:46 PM | Likes Like |Link to Comment
  • BP's Dudley Gets Bested by Russians Again - At Shareholders' Expense [View article]
    If BP and/or Rosneft were so powerful and so loaded with clout they would have done the deal by now. Renova has friends in and out of the government.

    The deadline is coming and no progress is being made.

    I predict the deal fails. I hope I’m wrong but…I’m right.

    GF
    www.masterplancapital.com
    May 9, 2011. 09:50 AM | 2 Likes Like |Link to Comment
  • The U.S. Government as Commercial Mortgage Lender [View article]
    I said: "As things improve this should change" that does not mean that things "will" change.
    www.masterplancapital.com
    May 6, 2011. 11:54 AM | Likes Like |Link to Comment
  • New Discovery in Egypt Keeps Apache on Track to Meet Production Targets [View article]
    Policy decisions by the Obama administration can only indicate that they are anti domestic oil exploration and production.

    As gas approaches $4.00 a gallon Americans are feeling real pain and clamoring for relief, yet, even with an election approaching, the Administration does nothing tangible to increase supply.

    Fast tracking domestic drilling permits and re-opening the gulf and putting Anwar on the table, would immediately drive down prices. (We speculators are forward looking types and would trade based on the announcement of such a policy alone).

    But, from the President we get green energy initiatives that, one day in the sweet by-and-by, will temper our dependence on foreign oil in particular and oil in general. Greaaaaat…

    It is hard for a rational person to conclude anything other than the administration is extremely anti US oil and is purposefully hampering domestic production.
    Apr 4, 2011. 10:19 AM | Likes Like |Link to Comment
  • Commercial Real Estate: Where Is All the Distressed Property? [View article]
    I like that you are being creative, but all workouts have to be done within the context of the existing liens and loans. The methods of recovering against a bad loan are spelled out in the mortgage documents at the beginning of a deal and can not easily be changed on the fly.

    I’m afraid we have to deal with the bad loans and distressed real estate with the tools we have at our disposal right now.

    VR
    masterplancapital.com
    Mar 9, 2011. 09:40 AM | Likes Like |Link to Comment
  • Commercial Real Estate: Where Is All the Distressed Property? [View article]
    Banks will lend to credit worthy small businesses.
    Just as commercial mortgage lenders will lend against quality buildings with good cash-flow.
    The problem is that there are just not as many of them around anymore.

    hppt://masterplancapital.com

    VR
    Mar 9, 2011. 09:31 AM | Likes Like |Link to Comment
  • Commercial Real Estate: Where Is All the Distressed Property? [View article]
    “Hard Money” advertised at 8.9% is just a ploy. Beware any lender who claims to be lending private money at 9%. They will just take your deposit and run.

    We are private lenders and we are agents for several private (private equity, hedge fund) lenders. Private money is being lent at max 60% (for cash flowing properties) and at rates ranging from 11.99-15% with points. Land loans are at 30% LTV or less (if you can get one…and you can’t)

    Sponsors beware! Don’t fall for ads that say they will lend 65%-75% at 8.99-11%. Not happening.

    Vincent
    www.masterplancapital.com
    Dec 21, 2010. 08:48 AM | Likes Like |Link to Comment
  • Commercial Real Estate: Where Is All the Distressed Property? [View article]
    Renegotiating leases is better than evicting the tenant or having them go out of business but you are correct that this would not help them refi. Valuations are based (in part) on income a building can produce so negotiating a lower rent will lower the value of the building making it harder to refi the entire balance of the original loan (witch was valued using the higher rent).

    VR
    www.masterplancapital.com
    Dec 21, 2010. 08:36 AM | Likes Like |Link to Comment
  • Commercial Real Estate: Where Is All the Distressed Property? [View article]
    Credit is returning at 75% LTV. No way can buildings bought ’05-07 refi what they owe.

    If you bought a building for $1mm in ’06 it’s now worth $600k. I can offer you 75% ($450k), but so what you owe $800k on your first and probably have a $100k second on top of that.

    That is the heart of the crisis. It does not matter that “credit is returning” if the buildings are not on the market for what they are worth.

    90% of problem CRE is still on the books of the owners being carried at a false valuation because 90% of the loans are still on the books of banks being carried at a false valuation.

    VR
    www.masterplancapital.com
    Dec 21, 2010. 08:30 AM | Likes Like |Link to Comment
COMMENTS STATS
60 Comments
99 Likes