For Real Estate Professionals Seeking a Market Edge
International Demand for U.S. Assets Rose in November
A recently released U.S. Treasury report indicated that international demand for long-term U.S. stocks, bonds, and financial assets rose in November as private investors purchased a record amount of government securities. Net buying of long-term equities, notes, and bonds totaled $126.8 billion for the month, compared to net buying of $19.3 billion in October. Investors outside of U.S. markets purchased a net $26.6 billion in November; a figure that includes short-term securities. The previous month indicated a net selling of $25.4 billion.
Economic recovery from the deepest recession since the 1930s, combined with growing corporate profits, is making U.S. investments more attractive. Increased demand for U.S. securities by countries such as China, Japan, and the U.K. may help keep domestic interest rates low. Economists projected investors would purchases a net $27.5 billion of long-term securities in December.
We will keep you posted…
$4,350,000 Single Tenant Retail Loan
Penstar identified a capital provider who offered a termsheet for the refinance of a single tenant retail property located in Los Angeles. The property is leased to a regional retailer for 15 years on a NNN basis. The lender provided a 60% loan to value quote at a fixed interest rate of 6.95%, a 10-year term and with a 25-year amortization. For more information, please contact Steven Hamermesh at (818) 883-9609 or Hamer@PenstarAdvisors.com.
Helpful Humor
The best antidote for those challenging transactions is to take a moment to have a hearty laugh. Helpful humor is our way of infusing laughter into your work-week
“The Limo” The driver exclaimed, pointing to the steering wheel “Take the wheel your Eminence!” The Pope proceeded to get behind the wheel and after a brief drive, was stopped by a policeman. The officer scurried back to his patrol car, called Central Dispatch, and exclaimed, “I just pulled over someone who must be very important and I do not know what to do!” “Well,” inquired the Dispatcher, “Who is it?” “Is it the Mayor, or the Governor? Is it the President!?” shouted the Dispatcher. “I don't know,” replied the officer, obviously shaken; “but the Pope is his chauffeur!” |
30
Day Libor |
10-Year
Treasury |
Prime |
0.32% |
3.74% |
3.25% |
Penstar Realty Advisors can be reached at (818) 883-9600.
Our offices located at:
21700 Oxnard Street, Suite 1870, Woodland Hills, CA 91367