hmmmmmmmm.......2008 was awful. The numbers don't lie. Of the top 25 directinstitutional lenders surveyed*, here's just the top 4:
1. B of A 129B-USD
2. Wells Fargo 31B USD
3. Wachovia 13B USD
......6. Isn't even in the single digits Capmark with 7.8B
So, what does this mean? Banks didn't lend last year, unless it was to another bank or by syndication and they will lend even less this year. PRIVATE MONEY is your only option for financing. When you've exhausted your resources with direct institutional funders, please give us a call at 281-852-9422. We are seeing more private channels pumping money into the commercial finance world every day. Enjoy the cartoon...
Brian Walker- Walker Commercial Funding
* this information was taken from a leading national commercial real estate magazine
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