Century 21 Alliance - Hernando, Citrus County Fl real estate Direct MLS Access » Commercial Real Estate http://c21alliancerealty.com West Central Fl, Real Estate Fri, 10 Sep 2010 19:28:03 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 The IRS Aiding in the Commercial Real Estate Industry http://c21alliancerealty.com/commercial-real-estate/the-irs-aiding-in-the-commercial-real-estate-industry/ http://c21alliancerealty.com/commercial-real-estate/the-irs-aiding-in-the-commercial-real-estate-industry/#comments Wed, 16 Sep 2009 21:13:11 +0000 admin http://65.18.192.31/?p=1659 This week the IRS announced some new rules that were put into place in an effort to make it easier to refinance commercial real estate loans! Under these stipulations, Real Estate Mortgage Investment Conduits (REMIC’s) will be allowed to refinance without tax penalties for the investors.

The original purpose for REMIC’s was to offer tax benefits to encourage mortgage backed securities, however these benefits could be lost if loans were rebuilt. With a new wave of commercial loan defaults expected in the near future, an institutional broker based out of New York known as Concept Capital states, “We have all heard stories about commercial real estate loans that are performing now but cannot be refinanced because of the tax rules, the IRS attempted to ease the tax code problem for these modifications.”

]]> http://c21alliancerealty.com/commercial-real-estate/the-irs-aiding-in-the-commercial-real-estate-industry/feed/ 0 The Fed Extends TALF until 2010 http://c21alliancerealty.com/national-real-estate/the-fed-extends-talf-until-2010/ http://c21alliancerealty.com/national-real-estate/the-fed-extends-talf-until-2010/#comments Mon, 17 Aug 2009 19:02:10 +0000 admin http://65.18.192.31/?p=1610 The Term Asset-Backed Securities Loan Facility (TALF), an emergency Government program geared towards boosting the lending in the commercial real estate market, has been extended until June 30, 2010.

Although, the program has had a positive impact on the commercial real estate industry, the industry is still not ready to operate on it’s own without government assistance.

The U.S. Federal Reserve, alongside with the U.S. Treasury Department, announced the extension for newly issued commercial mortgage backed securities on Monday, August 17, 2009, stating that if the economic conditions strengthen, extending TALF to residential mortgage securities is a possibility for the future.

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