A collapse of the commercial real estate sector will be catastrophic to financial institutions and the economy so lenders must act now to avoid such a financial debacle, says A. Barry Cappello, nationally renowned attorney specializing in lender liability law.
Chumash representatives have recently sent a "Cooperative Agreement" letter to members of the Santa Barbara County Board of Supervisors requesting that the 1,400 acres be annexed to the Chumash's already 135 acres in Santa Ynez.
Business borrowers are beginning to feel the ripple effects of the financial crisis as lenders tighten commercial lending in a cautionary attempt to stop further erosion of capital and assets, says lender liability expert A. Barry Cappello, managing partner with the Santa Barbara law firm of Cappello & Noel, LLP. He says the coming commercial credit crunch will be hard felt--especially by small businesses and borrowers in certain industries.
