McCallum's Musings on the Market

MCCALLUM'S MUSINGS ON THE MARKET!

Businesses continue to feel economic uncertainty.
Jamie Dimon, CEO of the largest US bank by assets, warns of a "correction risk," said that there are a "lot of things out there" contributing to an atmosphere of economic uncertainty with risk factor.
5yr & 10yr fixed interest rates for industrial and multifamily assets continue to be favorable - recent quotes range from the high 5% to the low 6%'s.
Near-term expectations for the Fed policy rate have moved lower in response to weaker-than-expected employment data and the apparent rise in downside employment risks.

Borrowing costs are easing as rates stabilize, creating a short window for well-qualified borrowers to secure more affordable financing. Call today for year-end closings! Remember that we do it for the thrill of it all!

McCallum's Music Pick: The Thrill of it All by Black Sabbath

CASE STUDY

Lodi, CA
37,900 SF
Industrial property
36.2 AC development
$2,300,000

John McCallum, Borrower’s Advocate, worked with the buyers for the purchase of an industrial zoned property in Lodi. The purchase was complicated by the seller’s timing requirement for their 1031 exchange. Within 3 weeks, the financing was sourced through an equity lender capable of meeting the seller’s timeline. Known for representing owners and investors in obtaining the best financing solutions, John sourced the one-year loan term to allow for the buyers to complete their engineering for the development of a trucking yard.