Massive Drop in Multifamily Commercial Loans as Banks Begin Preparing for 2024
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*********** Video Breakdown ***********
Multifamily loan growth just collapsed as banks and lenders have vastly backed off writing new loans in the end of 2023. We look at the numbers and why this may have happened, we also look at specific examples of small business owner's who are also in this position, who need help finding financing as their commercial loans are maturing in the coming weeks.
We also look at full year bankruptcy filings, full year chapter 11 bankruptcy numbers.
In another story we look at the looming Federal Reserve rate cuts, we look at betting markets to see what the chances are that we'll see the first rate cut by March and July.
In another story we look at Friday's jobs report, and the massive number of full time jobs that just disappeared. How the American Dream is looking further and further away.
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In 2012 I built Snapforce CRM, a software as a service application to compete with Salesforce, which was very expensive at the time. Since then, our user base has expanded to over 65,000 users in 12 countries. Our largest customer's are mortgage companies and debt shops, who use our software for their sales process, and to check customer's credit in real time.
With the type of clients we cater to, I decided to launch Snapforce Real Estate Insights last year, a peripheral software as a service product. It integrates directly with the big 3 real estate brokerages, to present their housing data in a digestible way, using our interactive maps and reports.
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I am NOT a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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By: RJ Talks Title: Real Estate Investors Begin to Panic as Multifamily Loan Volume COLLAPSES in Final Weeks of Year Sourced From: www.youtube.com/watch?v=UwNR6Na4Lfk
