What to expect at the National Commercial Real Estate Finance Event in New York Join us on Thursday, September 26th in New York City for Bisnow's annual Premier Finance Conference. The event attracts top speakers each year, with top lenders, borrowers, owners, debt funds, brokers, attorneys and more for a capital markets focused conference. Panel topics at the conference will focus on debt, equity, distress, rising interest rates, the impact of potential Federal Reserve rate cuts, creative financing strategies and more. content of study: Expectations regarding interest rate cuts by the Federal Reserve and how the latest employment and inflation…
Author: Private Lending Agent
In the seventh episode of “The Inside Look,” Senior Commercial Real Estate Economist Xander Snyder discusses how office-to-apartment conversions will impact apartment supply.For more insights from First American Title NCS, watch below and subscribe to the CRE Insider blog: Transcript: Hi, Zander Snyder here. This is an Inside Look at First American. A recent report from Rent Cafe released the latest estimates on the number of apartment units slated to be converted from office buildings this year. At first glance, that seems like a lot. So, take a look. From 2021 to 2024, the number of apartments slated to be…
NEWS: U.S. Treasury Secretary Janet Yellen expects growing stress and economic losses in the commercial real estate market, but does not believe these problems pose a systemic risk to the banking system.Yellen's biggest concern: Her testimony coincided with growing concerns about the financial situation of New York Community Bancorp, but she redirected the conversation to the larger impact on markets. Yellen predicted that the nonbank mortgage market would close because these lenders would not meet capital requirements and would not be able to rely on deposits. She also worried about the impact of reduced affordability of various types of insurance…
Commercial real estate has long been a popular investment among members of Tiger 21, a network of ultra-rich investors based primarily in the U.S. Many have made their fortunes in the sector, while those without could take advantage of low interest rates to finance the sale of buildings or leverage their investments to boost returns. But rising interest rates, reluctant lenders and falling property prices have led to declining returns since 2022. As a result, many wealthy individuals are switching to lending cash to people who invest in buildings, rather than investing in the buildings themselves. Recommendation”Loaning from a bank…
A massive $929 billion in commercial real estate (CRE) mortgages are coming due in 2024, accounting for nearly a fifth of the sector's total debt of $4.7 trillion, Goldman Sachs data showed on Wednesday. This important insight comes at a time when the CRE debt market is facing double-digit interest rates above 12%, complicating refinancing efforts for industry participants. The big question looming is whether the CRE sector can weather the storm or whether a debt time bomb will cause widespread financial ripple effects. The U.S. CRE market has seen transaction volumes plummet, falling 11% year-over-year to about $23 billion…
When Craig Torrance took over the reins of MCS in 2021, he was faced with the daunting task of rebuilding a commercial real estate company hit hard by the global pandemic and preparing it for the future during unprecedented times. CEO Torrance and his team continued the Lewisville, Texas-based company's longstanding mission as a national maintenance provider of residential and commercial properties to mortgage servicing companies. Within two years, the company had expanded and diversified, adding several new lines of business and growing its employee base from approximately 300 to 500 employees. The company’s efforts were recently recognized with a…
Commercial property foreclosures increase business for insurance brokers | Insurance Business America Property Commercial property foreclosures increase business for insurance brokers “Additional efforts will be made on all fronts to keep these insurance programs competitive.” property By Mark Shoaf Jr. The surge in commercial property foreclosures has increased pressure on insurance brokers, who are having to field tougher inquiries from underwriters and seek out more sources of insurance, industry insiders said. A recent report from real estate data specialist ATTOM noted 635 commercial real estate foreclosures in January, up from 141 in May 2020. The total value of distressed commercial…
Commercial property owners and developers can take advantage of an expanding statewide loan program to help finance green upgrades for their projects.The Commercial Property Assessment Clean Energy Financing Program, known as C-PACE, aims to promote economic development and business profitability while encouraging sustainability and clean energy in Virginia. The nonprofit Virginia PACE Authority guides cities and counties in administering local programs to provide low-cost financing tools that provide up-front capital for energy efficiency, renewable energy and water management upgrades.In the open market model, private lenders and capital providers backed by property appraisal liens offer 25- to 30-year loans to fill…
Policy observers are divided on the value of British Columbia's upcoming provincial property resale tax, which targets people looking to make a quick buck in the real estate market.Brendon Ogmundson, chief economist at the British Columbia Real Estate Association, said the tax would only apply to a small number of properties, which could reduce the total number of homes on the market.Ogmundsson also said the new law may not generate the overall revenue the government expects, in part because it discourages people from putting their homes on the market and risks eliminating property transfer taxes.Get your daily news from Canada's…
Downward angle icon An icon in the shape of a downward angle. A Canadian pension fund has sold a stake in a New York office building for $1. AerialPerspective Images Canada's largest pension fund has sold a stake in a New York building for $1. The collapse in office prices has made investors cautious about the sector. Office buildings have suffered from a surge in remote work due to the pandemic. Canada's largest pension fund, the Canada Pension Plan Investment Board, has recently completed a series of transactions at discounted prices, including selling a stake in a New York building…