Posts about Industry Trends (4)
The Market's Impending Period of Sluggish Deal Flow
The commercial real estate industry, like most markets, has a relatively predictable business cycle of peaks and troughs. Periods of expansion are...
Commercial Underwriting in the Wake of the Virus
A few weeks ago, I wrote about the unique relationship between loan and property values, and the pandemic’s impact on both. As lenders continue to...
Throw Out Everything You Know About Past Recessions – This One is Different
An unprecedented number of initial jobless claims have flooded state unemployment agencies over the past seven weeks; meanwhile, numerous economists...
Are Loan Values Falling Faster Than Property Values?
The question is innocuous enough. After all, notes are typically secured against a property’s future cash flows, so the two should have a...
COVID-19 From a Lenders Perspective
Signs of stress for CMBS loans in the retail sector are mounting, with delinquency rates lagging behind only those of multifamily properties. Why...
Crisis Leadership in Commercial Real Estate – Making Sense of the Uncertainty
It’s relatively easy managing a commercial building or investment property during a bull economy. Lenders are content, mortgages are easy to come by,...