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In Memory of Rebarcock.
As we navigate life without Pat 'Rebarcock.' Flood, who passed on Sept 21, 2025, we continue to remember the profound impact he had on our community. His support was a cornerstone for our forum. We encourage you to visit the memorial thread to share your memories and condolences. In honor of Pat’s love for storytelling, please contribute to his ‘Rebarcock tells a story’ thread. Your stories will help keep his spirit alive among us.
Master Thread Dance Your Cares Away/Fraggle/Law Abiding Citizens
- Thread starter Bryan74b
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Master Threads
By Eric Peters, CIO of One River Asset Management
“Credit started tightening six to nine months ago,” said the developer, a close friend, entrepreneur, with large residential projects across the nation. “It started with the money center banks,” he continued. “This pushed us to regional banks for our latest projects, but then SVB happened.” The market froze.
“The lender for our latest 30-story project in a tier-one city backed out, so we scrambled, and spoke with well over 100 banks. Not one will provide financing.” His firm is a leader in their market niche. A strong track record.
“The Fed is going to have to inject liquidity and slash rates to break this financing freeze on new construction.” Not only have higher rates failed to push home prices down materially, but they are now reducing new supply.
“And here’s something I’ve never seen. When we start a new project, we take out a construction loan. We rush to finish the project, start renting the apartments, repay the loan, and refinance at a lower rate.” The new loans typically have less risk and thus a lower rate than the original construction loans, which are structured with 3yr maturities plus an option to extend for 2yrs.
“But now, we have legacy construction loans with a 4.0%-4.5% interest rate, and we’ll extend those out for the full five-year term even though the projects are complete. If we paid them back and refinanced with permanent debt, the rates would probably be 6.5% fixed with no pre-pay option or 8.5%-9.0% floating. There’s no way anyone is going to pay back those low-rate loans that were originated before the hiking cycle.”
This is a new dynamic for banks. Their low-rate loans are being extended at the same time their deposit base is shrinking.
“We developed properties right through the 2008 cycle. What’s unfolding now is something else, new construction is going to hit the wall. The dramatic pace of interest rate increases has flipped everyone upside down,” he said, well positioned. “Happy to sit on vacant lots. I can be patient.”
“Credit started tightening six to nine months ago,” said the developer, a close friend, entrepreneur, with large residential projects across the nation. “It started with the money center banks,” he continued. “This pushed us to regional banks for our latest projects, but then SVB happened.” The market froze.
“The lender for our latest 30-story project in a tier-one city backed out, so we scrambled, and spoke with well over 100 banks. Not one will provide financing.” His firm is a leader in their market niche. A strong track record.
“The Fed is going to have to inject liquidity and slash rates to break this financing freeze on new construction.” Not only have higher rates failed to push home prices down materially, but they are now reducing new supply.
“And here’s something I’ve never seen. When we start a new project, we take out a construction loan. We rush to finish the project, start renting the apartments, repay the loan, and refinance at a lower rate.” The new loans typically have less risk and thus a lower rate than the original construction loans, which are structured with 3yr maturities plus an option to extend for 2yrs.
“But now, we have legacy construction loans with a 4.0%-4.5% interest rate, and we’ll extend those out for the full five-year term even though the projects are complete. If we paid them back and refinanced with permanent debt, the rates would probably be 6.5% fixed with no pre-pay option or 8.5%-9.0% floating. There’s no way anyone is going to pay back those low-rate loans that were originated before the hiking cycle.”
This is a new dynamic for banks. Their low-rate loans are being extended at the same time their deposit base is shrinking.
“We developed properties right through the 2008 cycle. What’s unfolding now is something else, new construction is going to hit the wall. The dramatic pace of interest rate increases has flipped everyone upside down,” he said, well positioned. “Happy to sit on vacant lots. I can be patient.”
People deride "American Culture", but everyone loves our cheeseburgers.
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justthenews.com
At least a dozen Biden relatives will be exposed in foreign-money deals: James Comer
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nypost.com
Israel’s defense chief warns of multi-front war, says Iran 'driving force'
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www.al-monitor.com
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
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www.axios.com
The Most Dangerous International Treaty Ever Proposed | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
EU's Borrell Wants European Navies To Patrol & Protect Taiwan Strait | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Diane Abbott Suspended From Labour Party Following Remarks On Jewish Racism | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Brandon Straka on GETTR : Ray Epps said on 60 Minutes that his face appeared on an FBI wanted poster, so he turned himself in- and TWO MONTHS later agents contacted him, then his picture was removed from the wanted list. This is unlike ANY other ca
Ray Epps said on 60 Minutes that his face appeared on an FBI wanted poster, so he turned himself in- and TWO MONTHS later agents contacted him, then his picture was removed from the wanted list. This is unlike ANY other case I’ve heard of. Every J6er I’ve spoken to was IMMEDIATELY arrested...
Rep. Comer Suspects ‘At Least 12’ Biden Family Members Were Involved With Foreign Business Dealings
Republican Kentucky Rep. James Comer, Chair of the House Oversight Committee, suspects "at least 12" Biden family members were doing business overseas.
dailycaller.com
Exclusive — Robert F. Kennedy Jr.: My Wife Cheryl Hines Has Lost Jobs in Hollywood for Supporting My Candidacy
Presidential candidate Robert F. Kennedy Jr. told Breitbart News this weekend that his wife, Cheryl Hines, has lost jobs in Hollywood.
www.breitbart.com
Former MLB Star Lenny Dykstra Blasts Jill Biden after 76ers Sweeping Nets
Former MLB great Lenny Dykstra took a shot at first lady Jill Biden in his tweet congratulating the Philadelphia 76ers for sweeping the Nets.
www.breitbart.com
PHOTOS: NYC Man Hits Woman at Earth Day Event with Mayor Nearby
A woman was reportedly punched Saturday during a "Car-Free Earth Day" event in New York City as Mayor Eric Adams (D) stood nearby.
www.breitbart.com
Report: Man Allegedly Carjacks Chicagoan While on Electric Monitoring
A man with several juvenile robbery convictions is reportedly accused of a recent carjacking in Chicago while he was on electric monitoring.
www.breitbart.com
I broke my pinky toe Wednesday at Home Depot 2 2x12 fell on it. If I would have had my Steele toe boots on, I’d be ok right.
Normally I say fuck that safety guy, but the older I get… the more I say fuck you, you’re probably right.
Normally I say fuck that safety guy, but the older I get… the more I say fuck you, you’re probably right.
You buy those big girls a burger as well?
The rest of the government is operating using smoke and mirrors. Why not NASA?
Raheem J. Kassam on GETTR : Facebook Censors Seymour Hersh's Bombshell Ukraine Reports, Citing Nina Jankowicz's Govt-Backed 'DisInfo' Group. https://thenationalpulse.com/2023/04/24/facebook-censors-seymour-hershs-bombshell-ukraine-reports-citing-nina
Facebook Censors Seymour Hersh's Bombshell Ukraine Reports, Citing Nina Jankowicz's Govt-Backed 'DisInfo' Group.
My hard hat has saved me from splitting my skull on multiple occasions
Seeing her anywhere near an American flag is pathetic
Isn’t there laws on the books regarding indecent exposure or at least the need for warning signs for overweight loads
DHS exploring use of AI to detect fentanyl is a 'distraction from the real problem': Todd Bensman
Center for Immigration Studies senior national security fellow Todd Bensman argues the Biden administration should address the cartels and China first.
video.foxbusiness.com
^^isn't that what most of pop music is already?^^
"Magnitude Of Losses And Outflows Is Alarming:" Credit Suisse Hemorrhages $69 Billion In Assets | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Conservative Grad Who Walked Out During Commencement Speech by Garland Speaks Out
Good for her!
resistthemainstream.com
Exclusive: RFK Jr. Slams DNC for 'Rigged' Primary System
Robert F. Kennedy Jr. slammed the Democrat National Committee (DNC) on SiriusXM’s Breitbart News Sunday for having a "rigged" primary system.
www.breitbart.com
Global Military Spending at Record High with Europe Leading the Way
The world has never spent so much on military muscle. Figures show some $2.24 trillion was outlaid in 2022 alone with Europe leading the way.
www.breitbart.com
Another Kabul? Civilians Feel Abandoned as Sudan Diplomats Airlifted
Rush to evacuate embassy staff amid struggle for power in Sudan intensifies but some feel abandoned as western civilians get left behind.
www.breitbart.com
Lizzo ran Madame Tussauds out of wax.
SoonerV
Poster
One thing is for sure, they aren’t breeding for looks
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Pleased to share with everyone Run'n It Up Full LP, enjoy 🫡😎
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