In today’s market I continually see positive signs.  I’m pleased to report that our Capital Markets Group at Remington has successfully secured funds that we are deploying to clients.  It is a welcome change from 2009, and I’m bullish on 2010 not only because of our fast start but because of several factors.

One factor that points to a much better 2010 is the help we’ll receive from foreign investors. Did you see this article in MBA Newslink?  http://www.mortgagebankers.org/tools/FullStory.aspx?ArticleId=10327#full

There will continue to be a strong flow of foreign money into the U.S. commercial real-estate market over the next 3-5 years. This is happening for a number for reasons.

One reason is that property values in the US are down anywhere from 35-50% from the peak in late 2007, creating many excellent investment opportunities in prime markets.

Another reason is that the US currency continues to be devalued against other world currencies, making investing in the US relatively even more valuable for them.

According to the article, foreign capital will be dispersed mainly via equity plays, but many foreign investors will consider some debt opportunities.

Remington has a significant position in the US and around the world. Whether you’re a broker here or there, let’s talk about the opportunities to get your transaction completed this quarter.

Thank you – Joel Nathanson, Remington