McCallum’s Musings on Commercial Loans

McCallum’s Musings on the Market!

• As private credit cools, a reawakening could be near for real estate funds; a direct parallel between private credit today & early subprime warning signs in 2007?
• The Consumer Price Index rose 2.4% year over year in February, with the monthly increase at 0.3%, according to the Bureau of Labor Statistics. This latest CPI report does not capture the inflationary fallout from the most important economic shock now hitting the system… war-driven energy and shipping disruption. The real risk is what happens next as higher fuel, shipping, freight, and input costs start bleeding into the economy. IN REAL TIME. Oil. Gas. Shipping. Insurance. Supply chains. Inflation. Debt markets…
• Current weekly ranges for this week reflect the U.S. 10-year Treasury yield are trading around 4.18% to 4.25%; compared to the week of February 23rd, 2026, was approximately 4.03% to 4.05%.

McCallum’s Music Pick: The Wonders at Your Feet by Dark Tranquillity

Case Study

• Dallas Texas suburb
• $1,000,000 Cash-out & Debt restructure transaction on general commercial multi-tenanted building
• 30 year fixed interest rate @ 9.68%
• 70% of property’s appraised value

John McCallum, Borrower’s Advocate, completed this $1,000,000 loan transaction for a general commercial multi-tenanted building. Sized to 70% of the property value, the owner was able to consolidate seller financing and contractor payments into a 30 year fully amortized loan. The owner had purchased the troubled asset and completed significant property improvements to bring the once-vacant property to 100% stabilized occupancy. Additionally, the property owner required the cash-out funding to accommodate his next project – which resulted in over $200,000 in net unrestricted cash out to the owner. Known for representing owners and investors in obtaining the best financing solutions, John McCallum sourced and closed the loan to provide the owner another opportunity to grow the real estate portfolio.

Featured Article

JP MORGAN WARNS ON PRIVATE CREDIT… (SHADOW BANKING): MarketWatch’s latest article reports increasing concern for Private Credit Markets.