For Real Estate Professionals Seeking a Market Edge
Year-End Retail Outlook
Many experts believe that U.S retailers will suffer from a ‘consumer hangover’ through this year's holiday season. Retail sales are slow and corresponding stock prices of the nation's retailers are also sluggish. Cutbacks in government aid to the unemployed, reduced consumer credit, and looming tax increases will make consumers less likely to spend after what appeared to be a shopping binge early in the year.
Those retailers who will have higher inventories in anticipation of early year, post-holiday shopping sprees may be relying upon markdowns to move merchandise at significant levels. The unemployment of many consumers is the biggest challenge facing retailers in the 2010 season.
We will keep you posted…
$3,200,000 Loan Quote on Industrial Property
Penstar has obtained a quote for the refinance of a 58,000 square foot industrial property located in the state of Washington. At 93% occupancy, the property currently has 7 tenants. The capital provider is offering a loan to 71% LTV at 5.25%, fixed for 5 years. The loan is amortized over a 25-year schedule. The lender is seeking similar loans on a nationwide basis. To learn more, 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
“Three Farmer's Daughters”
A farmer had three beautiful daughters who were each preparing to go out on a date for the evening. The first beau came to the door and said, “I'm Eddie, and I'm here to pick up Betty.” “Were going for spaghetti; is she ready?” he asked. |
30
Day Libor |
10-Year
Treasury |
Prime |
0.34% |
3.02% |
3.25% |
Penstar Realty Advisors can be reached at (818) 883-9609.