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CPE Blog: Howard Donovan on Winning Property Tax Disputes

Donovan, a partner in the Birmingham, Ala., law firm of Donovan Fingar L.L.C., ponders five factors to consider in ensuring a tax protest covers all the bases.

Trepp: Dramatic Drop in Bank Failures

CMBS and commercial mortgage information provider Trepp L.L.C. reported earlier this month that only three U.S. banks failed in March 2011. That is the slowest monthly pace since December 2008, which also saw three bank failures.

SBA’s New Refinance Program a Valuable Tool

By Barbara Hunter, Regents Bank

In February 2010, President Barack Obama announced several new business lending initiatives to help increase access to capital for small-business owners in order to meet specific challenges brought on by the recession, including the refinance program for owner-occupied commercial real estate. This program allows owners to refinance a conventional loan into an SBA 504 loan.

CMBS Lending Offers Increased Liquidity

By Jimmy Board, Jones Lang LaSalle Inc.

Investors are increasingly able to find financing for assets that need additional structure via the continued re-emergence of CMBS lenders.

Strong Cash Flows Support Private Correctional Firms’ Credit Profiles

By Jane Cotroneo, Moody’s Investors Service

Similar to REITs and real estate operating companies, private correctional companies have contractual revenues for their facilities, providing a steady stream of earnings. Unlike REITs, these companies are not required to pay a dividend. Instead, they have chosen to invest their free cash flow into increasing their number of contracted beds.

Is the Industry Ready for Lease Accounting Changes?

By John DeCouto, Lee & Associates Atlanta

With the competition for triple-net-leased facilities heating up, can a buyer be sure that the credit analysis done today will not be impaired by the lease accounting changes in the pipeline?

Distribution of Recovery Rates

Source: Real Capital Analytics Inc.