As of today, the prime rate dropped to 3.42%, from 3.47%; and the prime rate is at 4.5%, expected to drop with the FED's announcement of the 9th consecutive cut in the FED funds rate, possibly as low as .75% or 1%...... More to come.
Wednesday, October 29, 2008
A bright future in commercial real estate.....
Behold, there appears to be a bright silver lining for those planning to use private equity to finance hotel deals and other commercial real estate. And as the banks' buying on wall street slows with another projected drop in the Dow Jones Ind. Avg., and both the prime rate and LIBOR drop, we may even see credit loosen up. Now is the perfect time for my segment! Read more at http://www.globest.com/news/1276_1276/washington/174800-1.html .
As of today, the prime rate dropped to 3.42%, from 3.47%; and the prime rate is at 4.5%, expected to drop with the FED's announcement of the 9th consecutive cut in the FED funds rate, possibly as low as .75% or 1%...... More to come.
As of today, the prime rate dropped to 3.42%, from 3.47%; and the prime rate is at 4.5%, expected to drop with the FED's announcement of the 9th consecutive cut in the FED funds rate, possibly as low as .75% or 1%...... More to come.
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