Get your free copy of Editor's DigestFT editor Roula Khalaf picks her favourite stories in this weekly newsletter.Mortgages on commercial properties, whose valuations have plummeted since the COVID-19 outbreak, may soon come due. Take a look at this chart from Goldman Sachs: The notable change is how much the 2024 maturity standard has expanded in just one year: About $270 billion of last year's commercial mortgage maturities were deferred until this year. Borrowers have a clear reason to hold off: With U.S. interest rates above 5%, refinancing these mortgages is costly at best and downright infeasible at worst. Across the…
Author: Private Lending Agent
Tenant improvements (TI) represent a critical aspect of the commercial leasing process, offering tenants the opportunity to customize leased spaces to suit their specific business needs. Following our previous discussion on common TI allowances, we will now be delving into the strategic approaches that tenants can use to collaborate with their landlords in securing more favorable TI allowances. This dialogue not only enhances the leased space’s functionality but also fosters a mutually beneficial relationship between tenant and landlord. Tips for Tenants on Working With Landlords to Secure Better Allowances Understand Market Standards You should begin by researching typical…
>Having a real estate mentor can be extremely advantageous for a variety of reasons. The first benefit is that a mentor can provide customized guidance based on your personal goals and help you navigate the complexities of the industry.A mentor's observations and insights can help you avoid costly mistakes and devise powerful strategies for success. Additionally, mentors tend to have extensive connections throughout the real estate industry, giving them access to valuable resources and opportunities that you can use to your advantage.They act as role models, encouraging and motivating aspiring real estate professionals to strive for greatness and overcome all…
The five-year interest-only loan on the former American Express Building, which became part of the CF 2019-CF1 and MSC 2019-H6 conduit CMBS transactions in April 2019, was originated by CCRE at a fixed rate of 4.94%. See also: Kayne Anderson hires Lee Levy from Goldman Sachs to head CRE debt platform The 355,000-square-foot tower, built in 1917 and co-owned by Chetrit Group and Reed Property Group, has 2022 net cash flow forecasted to be 15% below issue levels, and its debt-to-income ratio has fallen to 1.02 times, below breakeven, according to Morningstar. Sarah Hellwig, a vice president at Morningstar, said…
DALLAS, March 19, 2024 /PRNewswire/ — NexPoint Diversified Real Estate Trust (NYSE: NXDT) (“NXDT”) today announced that the record date for determining stockholders entitled to vote at its 2024 Annual Meeting of Stockholders (the “Annual Meeting”) will be Monday, April 1, 2024. The Annual Meeting will be held at 10:30 a.m. Central Standard Time on Tuesday, June 11, 2024. The Annual Meeting will be held exclusively in a virtual format. Stockholders will not be able to attend the Annual Meeting in person, however, stockholders of record as of the close of business on April 1, 2024 may vote and ask…
The old cliché “everything is bigger in Texas” seems to apply to energy choices as well. Texas is a deregulated state, and most residents can choose from their energy supplier — more than 130 retail electricity companies to be exact, according to the Public Utilities Commission of Texas. Texas' energy choice market is unique but complex. Some experts say it offers strong competition, low prices, a variety of plans, and unique billing options. Others believe Texas is the “best of deregulation,” meaning there are too many options and consumers can be overwhelmed with choices, resulting in higher electricity bills.”The complaints…
New warning signs are flashing for commercial real estate. Little-known investment vehicles used to finance risky projects are facing unprecedented stress as borrowers struggle to repay loans tied to commercial real estate operations. Known as commercial mortgage-backed obligations (CRE CLOs), the products bundle together debt typically deemed too speculative for traditional mortgage-backed securities. Over the past seven months, the share of non-performing assets held by these niche products has surged fourfold, to more than 7.4% by one measure. In the hardest-hit areas, delinquency rates are reaching double digits. That has left major players in the $80 billion market scrambling to…
Reading time: 2 minutes From 2020 to 2023, the real estate market in Moldova will experience significant growth, with prices increasing by around 30% on average and even more for new builds (40-50%). Moreover, the average public income per capita will increase from 8,860 MDL at the end of 2020 to 13,400 MDL in the fourth quarter of 2023. Despite the negative growth of GDP in 2020, Moldova's GDP will show impressive growth, increasing from 11.53 billion USD to 14.78 billion USD in 2023. assignment A key aspect of entering the Moldovan market is having partners and shareholders operating in…
Downward angle icon Downward angle icon. Kena Betancur/VIEWpress Bloomberg reported that delinquent assets are outpacing investment vehicles that bundle risky commercial real estate debt. One report said non-performing rates for secured loan obligations rose 440% in the 12 months through January. Issuers are extending maturities and buying back delinquent loans. Bloomberg reported that investment vehicles made up of risky commercial real estate debt are in an increasingly difficult position as distressed assets make up a large proportion of their mix.The share of these secured loan obligations that are non-performing is now four times higher than it was seven months ago,…
Although qualifying can be difficult, banks remain the most common source of credit for small businesses — compared with options such as online lenders, community financial institutions and credit unions[0].Business bank loans offer low interest rates, long repayment terms and can be used for a variety of purposes. The right bank for you should offer the small-business loan you need, as well as fund enough loans to make financing possible.Here, we reviewed the best banks for small-business loans based on their commercial and industrial lending volume, product offerings and qualifications, among other features.Why you can trust NerdWallet250+ small-business products reviewed…