Delinquency costs for commercial real estate hit an all-time low Economic policies and record prosperity made milestone possible
What: The commercial real estate market reached a historic milestone in the third quarter, hitting the lowest level of loan delinquency costs for all commercial property in the past 35 years. The previous low occurred in 1982. According to a leading industry indicator, The Giliberto-Levy Monitor (released this month), the last eight years have seen a steady and unprecedented decline in delinquency costs.
(Washington, D.C., September 18th, 2000) – – John B. Levy & Company, Inc. announced the placement of an $8,150,000 redevelopment loan on behalf of WWG Oakland Ridge, LLC, a Delaware limited liability company. The financing for the loan was secured by The Oakland Ridge Building, which is located in Columbia, Md.
The borrowing entity is an affiliate of the Wellsford-Whitehall joint venture. John B. Levy & Company, Inc. was hired exclusively for this assignment.
FOR IMMEDIATE RELEASE: May 1, 2000 John B. Levy & Company, Inc. is pleased to announce the placement of $8,000,000 in long-term permanent financing on behalf of GDR Manassas LLLP. The financing was secured by the Computer Learning Center (NASDAQ: CLCX) Building located in Manassas, Virginia. CLCX leases the building on a long-term basis and has their corporate headquarters in the building as well as training space. The property was financed with a permanent mortgage having a 10 term that amortizes over 30 years.