Article Submitted by Saurage Rotenberg Commercial Real Estate

CCIM Institute submitted a letter on July 29, 2011, to six federal agencies (Securities and Exchange Commission, Office of Comptroller of the Currency, Federal Reserve System, Federal Deposit Insurance Corp., Federal Housing Finance Agency, and Department of Housing and Urban Development) commenting on a proposed rule on credit risk retention.  Agencies proposing the rule are tasked with implementing sections of the Dodd-Frank Wall Street Reform and Consumer Protection Act (section 941(b) of the Dodd-Frank Act has been codified as Section 15G of the Securities Exchange Act of 1934).

Credit risk retention proposed rules would apply to all forms of assets that can be securities, including commercial real estate (CRE) and commercial loans.  The proposal suggests a 5 percent risk retention requirement, unless asset-backed securities backed exclusively by loans meet specific standards to quality for the proposed 0 percent rate.

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Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Growth Coalition; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).