CBRE Realty Finance, Inc. (CBF)

llyons37 (68.24) Submitted: 8/22/07 8:05 PM

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I totally agree, you cannot ignore such large amounts of insider buying.

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TimoDOZ (29.56) Submitted: 10/06/07 10:16 AM

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Yes I agree. I have just started a position in CBF. Does anyone know of any relationship CBF may have established with PENSCO? Pensco is also originally a N England out fit I believe. I think they are providing CBF with some capital from their clients. Bridge loans around here in NH are typically commanding 12% . That is only to clients that can prove to the Mortgagee 40% of equity. With the current div at 10% despite the cut these shares now look attractive to me. I will add to my position on any weakness. At this point in the Real Estate cycle we may be awaiting the spring of 2008 for a true bottom. Still that is now not that far away. The survivors in this business and I believe CBF should be one of them are going to do very well going forward a year from now. I am hopeful of a double in this one with a chance for a very nice LT gain selling into the 2008 year end rally. In the mean time the dividend while not that secure has an equal chance of next being increased or holding steady rather than being further cut. Not tax qualified but still a decent return to sit on the shares for 15 months. I also have a LT position in HCBK and a ST position in WB both posting nice returns for me. The partial position I have in FITB is not doing as well! With the US dollar continuing to be crushed (down 18% against the Loonie soon to be renamed the "Petrel", since March) overall interest rates are most certainly going to keep rising. The Fed has caved on inflation and is losing credibility. While the Chindians and Arabs may not reinvest their maturing US treasury Bond proceeds in paper fiat currency bonds, they will be happy to buy the DOW Titans and keep the stock market moving up in lock step with interest rates. The types of lending, commercial not residential that BGF does is going to be very lucrative going forward. Adequate collateral and prudent hedging strategies should reward the shareholders.

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