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Strategies & Market Trends : India Coffee House
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To: Lee who wrote (3222)11/18/1998 11:45:00 AM
From: Mohan Marette  Read Replies (1) of 12475
 
'morning Lee: Geeez this is a pleasant surprise, I had no idea you were aware of this thread. I was trying to find your post to me over at the Dell thread but couldn't find it.

Thanks for that link about 'Fed ease and liquidity'. Matter of fact a friend of mine who is in commercial real estate was telling me a few months ago how difficult it was for his clients to borrow money from banks for commercial real estate projects.He told me now the banks want the borrowers to have equal or more in personal assets to get any loans approved,quite a difference from a few years ago. I can understand the banks reluctance as there seems to be glut in commercial real estate at least in our market,not so in the residential segment though.

I guess Ratan Lal told us on the Dell thread one time he had trouble getting loans as well in the New York area on his properties or something like that.

Anyway don't be a stranger now,come back and see us again willya?
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