[BC] RE: I believe it has begun...

[Craig Bowman]

Banks have never been thrilled to buy broadcast properties.  I could pay 
5M for a run down apartment building in a crappy neighborhood easier 
than I could buy a combo FM which leases tower and studio space and cash 
flows 1M.  Banks are all about real estate.  Unless you have a broadcast 
friendly bank it is a tough sell.

Craig Bowman

Blake Bowers wrote:
> Don't for a second believe the banks
> are not lending.  Many of the regional and
> smaller banks are flush and more than happy
> to lend.
>
> ----- Original Message ----- From: <tpt at literock93r.com>
>
>>
>> Two things:  1. NAB--traditionally a time for brokers and 
>> prospective  purchasers to get together.  2. Brokers getting desperate.
>>
>> Unless you have a buyer with cash sitting in the bank--or the deal 
>> is  under the magic number of a million--there's no sale.  The banks 
>> are  not lending. Period.
>>
>>
>>
>
>