There’s a headline to grab attention. It’s been reported that several Chinese and other non-domestic and non-traditional lenders are rushing across the American landscape looking for deals. Take a look at the WSJ article of June 2 about the International & Commercial Bank of China’s recent loan to GE. ICBC has over a trillion dollars of assets, it’s reported to be the most profitable bank in the world and it’s ready to lend. Maybe this is just a “no duh” moment, but what a terrific business strategy for any lender not damaged by the late unpleasantness (a Southern expression still in use about the Civil War but appropriate here)! If the gnomes of Basal get their way and require US and European banks to put up massive capital over the next couple of years, strong, unimpaired semi-sovereign banks may be the best ticket in town.

We need to put on our best Sunday come-to-meeting clothes, bring over a hot casserole and welcome these new and undamaged players to the neighborhood!  In addition to ICBC, think Bank of Communications, Bank of China, China Construction Bank and China Merchant Bank, all of who already have US offices. And don’t forget all those other non-domestic banks and life companies who missed the subprime lending party and could easily find US domestic investment very attractive. Just for starters, here’s the contact information of the five mentioned above:

Industrial & Commercial Bank of China
725 Fifth Avenue
New York, NY 10022
(212) 223-4367

Bank of Communications
One Exchange Plaza
New York, NY 10006
(212) 943-4750‎

Bank of China
410 Madison Avenue
New York, NY 10017
(212) 935-3101
&
42 East Broadway
New York, NY 10002
(212) 925-2355; (212) 925-2763; (212) 925-2805

China Construction Bank
1095 Avenue of the Americas
New York, NY 10036
(212) 207-8188‎

China Merchants Bank
535 Madison Avenue
New York, NY 10022
(212) 688-6606

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Photo of Rick Jones Rick Jones

Richard D. Jones (“Rick”) is a principal in Jackstay Ventures LLC.

Rick is a trusted advisor to investment banks, money center banks, insurance companies, investment advisors and capital markets deal makers in connection with commercial real estate, mortgage finance and securitization.  He publishes

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Richard D. Jones (“Rick”) is a principal in Jackstay Ventures LLC.

Rick is a trusted advisor to investment banks, money center banks, insurance companies, investment advisors and capital markets deal makers in connection with commercial real estate, mortgage finance and securitization.  He publishes widely and speaks on a wide range of issues effecting the capital markets.

A leader in the industry, Rick serves on the CREFC Board of Governors, Executive Committee and currently chairs the CREFC Policy Committee.  He is past co-chair of its PAC.  Rick is the recipient of both the CREFC Founders Award and the Distinguished Service Award from the Mortgage Bankers Association (MBA) for his leadership.  A former a capital markets and securitization attorney, Rick was highly rated for his legal advice by Chambers, USA, Legal 500 and other industry publications.

He is a former member of the Real Estate Roundtable, serving on its Capital and Credit Policy Advisory Committee. In addition, he is a past president of the CRE Finance Council; a founder of the Commercial Real Estate Institute (CRI); a member and past governor of the American College of Real Estate Lawyers and a former chair of its Capital Markets Committee; and a past member of the Commercial Mortgage Board of Governors (COMBOG) of the MBA.