Read more on The News Journal

Nigeria : Experts React to CBN’s New Policy for Banks
The Central Bank of Nigeria (CBN) on Monday said a new banks with regional, specialised and non interest banks would emerge with different categories of capital base. As a result of this, there have been divergent views over the new policy.

Read more on AllAfrica.com

U.S. Bank Announces the Formation of Chicago Neighborhood Initiatives
CHICAGO—-U.S. Bank, which acquired the deposits and assets of Park National Bank last October, announced plans today to create an independent not for profit organization. The new organization, known as Chicago Neighborhood Initiatives, will carry on Park Bank Initiative’s community development mission in low- and moderate-income Chicago neighborhoods.

Read more on Business Wire via Yahoo! Finance

CRE Market Sweats Tight Times
From Downtown to the eastern suburbs, from the airport to Millington, the landscape is bleak for commercial real estate brokers.Everywhere they look, ….

Read more on The Memphis Daily News

Morgan Keegan Forms New Investment Banking Division; Names Robert A. Baird President
New Division Combines Equity, Fixed Income Investment Banking GroupsMEMPHIS, Tenn. — Morgan Keegan …

Read more on citybizlist Atlanta

Send article as PDF to

Read more on AllAfrica.com

U.S. Bank Announces the Formation of Chicago Neighborhood Initiatives
CHICAGO—-U.S. Bank, which acquired the deposits and assets of Park National Bank last October, announced plans today to create an independent not for profit organization. The new organization, known as Chicago Neighborhood Initiatives, will carry on Park Bank Initiative’s community development mission in low- and moderate-income Chicago neighborhoods.

Read more on Business Wire via Yahoo! Finance

CRE Market Sweats Tight Times
From Downtown to the eastern suburbs, from the airport to Millington, the landscape is bleak for commercial real estate brokers.Everywhere they look, ….

Read more on The Memphis Daily News

Morgan Keegan Forms New Investment Banking Division; Names Robert A. Baird President
New Division Combines Equity, Fixed Income Investment Banking GroupsMEMPHIS, Tenn. — Morgan Keegan …

Read more on citybizlist Atlanta

Fed promises low rates
WASHINGTON – The Federal Reserve on Tuesday repeated its pledge to hold interest rates at record lows to foster the economic recovery and ease high unemployment. But the Fed’s assessment of the economy at its meeting Tuesday was a bit more upbeat. It sai

Read more on The Scranton Times-Tribune

Send article as PDF to

Many of us know what it is like to want to open a business. It can be a very hard process and it is definitely a very long one. Many people spend their lives dreaming of a piece of land they want to buy for farming purposes, a building that they wanted to buy for use as a studio or office block, or an office for or other space for their dream day spa. There are definitely more dreams out there than there are businesses, as dreams are more likely to be destroyed when we enter the rat race.

However, there is an easier way to start your dream company. There is no longer the need to save for years and years, all you need to do now is get a commercial loan or commercial mortgage, and it is as easy as that. A commercial mortgage is much like the personal loan or personal home loan, the only difference is that you are eligible for a much bigger loan, so you can pay for you new company, the other thing about a commercial mortgage, is that it is strictly used for commercial or business purposes.

When you plan to apply for a commercial mortgage you need to make sure of a few things. First you need to check and do your research to find out what the best bank for a commercial mortgage is. You need to look at the interest rate, and what the balloon period is. A balloon period is simply the term of the loan. The term refers to the number of years you have to pay the loan back. Most personal home loan require the lender to have paid in full amount of the loan in about 30 years, where with a commercial mortgage the lender is required to pay the total amount in as little as 10 years. This is because a company is supposed to generate a much bigger income than a dual income home owner.

So, before you go off applying for a commercial mortgage, take care of the finer details, look for the best bank, with the cheapest interest rates, you do not want to end up paying 50 million for a 10 million loan, which happens often in the industry. You do not want a bank that does not back you up and that will force for liquidation as soon as the ten year period is up, you must be allowed to refinance the loan, which allows you a few more years to pay back the sum.

Send article as PDF to

Read more on PR Newswire via Yahoo! Finance

Driven to distraction: license requirements frustrate residents
Crestview resident Paul Mack didn’t think anything of renewing his driver’s license as he has done many times before. He was floored to discover he needed an original birth certificate or passport, proof of Social Security and two items mailed to…

Read more on Crestview News Bulletin

Tucson real estate
The latest commercial sales and leases.

Read more on Arizona Daily Star

Couple gets court’s OK to rent house
OGDEN DUNES — A Highland Park, Ill., couple received approval from the Indiana Court of Appeals on Tuesday to rent out their Ogden Dunes home, reversing a lower court’s ruling. The decision reversed a fine of $40,000 the town imposed on Steven and Lauren Siwinski for offering their $1 million home in the small beachfront community for short-term rentals. “We are pleased that the Court of …

Read more on Post-Tribune

The Fed’s Statement
Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing.

Read more on BusinessWeek

Send article as PDF to

Read more on Guru Focus

Read the Mar. 16, 2010 Fed statement
This is the statement of the minutes of the Federal Open Market Committee meeting released on Mar. 16, 2010. For analysis of the Fed’s interest rate policy and this statement, please see Fed: Low rates will continue.

Read more on CNNMoney.com via Yahoo! Finance

Investor Sentiment Improves but Challenges Persist in 2010, According to PricewaterhouseCoopers’ Korpacz Real Estate …
Commercial real estate investors reveal a sense of hopefulness and improved sentiment with regard to the industry as the U.S. economy shows some encouraging signs of improvement, according to the first quarter 2010 findings of PricewaterhouseCoopers’ Korpacz Real Estate Investor Surveyâ¢, released today.  The report notes that investors find it easier to envision a commercial real estate market …

Read more on PR Newswire via Yahoo! Finance

Driven to distraction: license requirements frustrate residents
Crestview resident Paul Mack didn’t think anything of renewing his driver’s license as he has done many times before. He was floored to discover he needed an original birth certificate or passport, proof of Social Security and two items mailed to…

Read more on Crestview News Bulletin

Tucson real estate
The latest commercial sales and leases.

Read more on Arizona Daily Star

Send article as PDF to