Healing Commercial Property Woes - The Trillion Dollar Challenge

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

The Real Estate Guys

Robertkiyosaki, Realestateinvestors, Realestateguys, Realestateinvesting, Syndication, Investors, Richdad, Realestateguysradio, Business, Investing, Realestate

4.7 • 696 Ratings

🗓️ 14 May 2012

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over $1.7 trillion of commercial mortgages are coming due in the short term. In a normal world, that debt would be refinanced and life goes on. But today, many of those properties are underwater and there just aren’t as many lenders willing to refinance these loans. In fact, our guest says that over $1 trillion of those loans will need to be re-negotiated. Why? Well, when you owe the bank a $10,000 you have a problem, but when you owe the bank $10 million, the bank has a problem. And when banks lose a trillion dollars, we all have a problem. It’s a complex topic with many nuances and lots of lessons. Our expert guest Phil Jemmet runs a company that specializes in large balance commercial loan workouts. He gives us a street level perspective and explains the process for getting these big problems down to a manageable size. Your problems may be smaller (for now), but the principles of dealing with them are very similar. So listen and learn as Phil Jemmet shares his secrets for reworking loans that are no longer working for you. The Real Estate Guys™ radio show provides real estate investing news, education, training and resources to help real estate investors succeed. Learn more and subscribe to the free newsletter at www.realestateguysradio.com

Transcript

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0:00.0	Welcome to the Real Estate Guys Radio Program. I'm your host, Robert Helms. What is happening with commercial real estate? Is it problematic? Are there new challenges? We're going to find out that a whole bunch more today on the Real Estate Guys Radio Program.
0:15.7	You already know that Dallas-Fort Worth is one of the strongest real estate markets in the country.
0:21.8	Now all you need is a great source for turnkey properties. Great news. Wilson Investment
0:28.1	Properties has been providing fully renovated, rented, positive cash flow properties to real estate
0:34.2	investors for over 10 years. Founder Tom Wilson is an avid investor himself.
0:40.2	With over 200 units of his own, you know he understands what investors need.
0:45.6	Contact Tom and his team at 888-510-68-68-8-8-8-extension 123.
0:53.5	Or send an email to Wilson at realestateguysradio.com.
1:01.2	And welcome to the Real Estate Guys Radio program. I'm your host Robert Helms with me,
1:05.7	financial strategist Russell Gray. Hey, Robert. How you doing? Great. We are traveling around the world
1:10.4	this month. Last week, we were in beautiful Belize. Today, we're another beautiful part of the world, San Diego, California. Yeah, there's a lot of beautiful parts of the world. It's a lot of fun being a real estate guy running around with you, Mr. Robert Helms. You know, it's so much going on in real estate. And we've been talking for the last couple of years about this idea of healing America one home at a time, right?
1:27.7	A lot of folks out there who are working in the real estate world and trying to fix up many of the problems that have happened.
1:33.8	And we're going to talk today about kind of what's happening on even a bigger scale because, as we know, there's a lot of challenges out there with deals that got put together on a small basis all the way up to gigantic basis and
1:45.5	values aren't there there's problems with the lenders there's all the mortgage back security
1:51.3	issues there's just a ton that's gone on and we're in an interesting position because some of that
1:57.0	has been figured out but a lot of it still hasn't been yeah well i mean you, we've talked over the last three or four years since the meltdown really broke about what's going on with how money gets from private investors and funnels through Wall Street and the whole securitization with the mortgage-backed securities, as you mentioned.
2:14.4	And a lot of that's been really focused on residential.
2:16.9	When you read the news, most of that's been really focused on residential. When you read the news,
2:17.9	most of it's what's going on with residential, most of it's what's going on housing in particular.
2:23.2	And yet there has been this sense that what's going on with commercial, big shopping malls,
2:28.8	apartment buildings, development projects, big loans, huge loans. And the big concern has been, you know, there's a lot of
2:35.7	government support on the residential side, but these big commercial developers and these folks that
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