Posts

LIBOR – What’s in a Name?

Names can have negative or positive connotations.  In the financial world, some infamous names come to mind, such as “Ponzi” and “Madoff” that evoke feelings of dishonesty and scandal, based on the enormity of their respective thefts.  We have never met anyone with the last name of Ponzi, but we’re sure there are a few […]

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LIBOR Replaced By SOFR – So Far, So Good?

Lenders and borrowers: the “haves” and the “have-nots”. Their actions have shaped the history of the world, and how they respond to crisis and change is fascinating and informative.  Fixed rates are prudent and certain, but cash flow can be king.  When current monthly payments matter more than later ones, borrowers often elect to float […]

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Your Guide to Choosing a Rate Cap Broker

As a commercial real estate broker, lender, attorney or accountant, your floating interest rate borrowers frequently ask you, “How do I obtain the interest rate cap the lender is requiring?” You likely have a “short list” of rate cap brokers you’re comfortable recommending.  While you may have confidence in the cap brokers ability to “get it done”, are […]

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A LIBOR Eulogy? Not So Fast

Financial newswires have been abuzz recently with the formal announcement by a UK regulatory authority last Thursday that LIBOR will be replaced by 2021. While surprising to some, regulators have sought a replacement for LIBOR for some time as past rigging scandals and an overall lack of transactional data to support its use tainted the […]