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

[Blake Bowers]

Or you have a good relationship with the bank.

I agree though - real estate is king.  Got a nice plot for
your tower, perhaps owned offices and land, you can
still get cash.

Leased land, rented offices, you will have a tough time, no
matter what the economy.

----- Original Message ----- 
From: "Craig Bowman" <craig1 at shianet.org>

> 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.
>>>
>>>
>>>
>>
>>
> 
> 
>