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Major Banking Institutions are ceasing loan programs.

thechatch
thechatch Member Posts: 7,509 Standard Supporter
The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

First time since 08.

But we aren’t in a recession.
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Comments

  • Southerndawg
    Southerndawg Member, Swaye's Wigwam Posts: 8,357 Founders Club
    edited October 2022
    We’re not in a recession and commercial borrowers aren’t at risk of default. Bidenomics, spend the country into oblivion causing red hot inflation and a crashing stock market with no negative consequences. Is there anything it can’t do?
  • WestlinnDuck
    WestlinnDuck Member Posts: 17,961 Standard Supporter
    thechatch said:

    The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

    First time since 08.

    But we aren’t in a recession.

    Commercial real estate took it in the ass with the chicom crud lockdowns and people working from home. Part of this is that commercial real estate ain't coming back next week or next year with the dems in charge. You want a commercial building in Portland's central core? Have at it, you can self-finance it.
  • WestlinnDuck
    WestlinnDuck Member Posts: 17,961 Standard Supporter
    When catch and release occurs, it isn't a policing problem, its a voter problem.



  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,587 Founders Club
    thechatch said:

    The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

    First time since 08.

    But we aren’t in a recession.

    Who is going to want a commercial loan with rates rising anyways?
  • thechatch
    thechatch Member Posts: 7,509 Standard Supporter

    thechatch said:

    The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

    First time since 08.

    But we aren’t in a recession.

    Who is going to want a commercial loan with rates rising anyways?
    Businesses without a ton of existing capital who are nevertheless in a growth phase, looking to expand organically or execute M&As.
  • Blu82
    Blu82 Member Posts: 1,673
    Historically, interest rates below 7% are a bargain.
    We just became accustomed to artificially low rates. Now, we pay the price for it.
  • thechatch
    thechatch Member Posts: 7,509 Standard Supporter
    It doesn’t matter what IRs are when the banks turn the faucet off.

    Will be very interesting to see how this affects residential RE.

    Commercial RE is about to get the hard stop. This is the major institutions, guys. BofA, Wells, JPMC….it’s a huge fucking deal.
  • Pitchfork51
    Pitchfork51 Member Posts: 27,688
    Rates should be based on level of privilege say 15 percent for straight white males
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,749 Founders Club

    thechatch said:

    The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

    First time since 08.

    But we aren’t in a recession.

    Who is going to want a commercial loan with rates rising anyways?
    In construction you need loans to cover the float between billing and payments. As a sub we are the bank so we need a bank

    08 credit crunch hurt. Rising rates hurt but not as bad as no money


    Or

    Why starving your business of cash is actually good for you

    MSN
  • MikeDamone
    MikeDamone Member Posts: 37,781

    thechatch said:

    The buzz in commercial banking is that they will be instituting a moratorium on all commercial lending.

    First time since 08.

    But we aren’t in a recession.

    Who is going to want a commercial loan with rates rising anyways?
    In construction you need loans to cover the float between billing and payments. As a sub we are the bank so we need a bank

    08 credit crunch hurt. Rising rates hurt but not as bad as no money


    Or

    Why starving your business of cash is actually good for you

    MSN
    It’s actually helpful because you get better at planning, budgeting and prioritizing.