DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Realty - 1 Michael Maturo - 1 we'd - 1 Maturo - 1 Jack Terzi - 1 Terzi - 1 Jamie Woodwell - 1 Stephen Buschbom - 1
Top related locs:
New York Lower Manhattan Manhattan New York City Chicago
Top related orgs:
New - 1 Aareal Bank - 1 Business - 1 JTRE Holdings - 1 Mortgage Bankers Association - 1 Treasury Department - 1 Bank of America - 1 601W Companies - 1

Search resuls for: "Alan Todd"


4 mentions found


☆ The 4% mortgage rate and other sweet offers from lenders hoping to stave off commercial real estate doom
  + stars: | 2024-03-27 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +8 min
Instead a deal is now being negotiated to trim the size of the property's $240 million mortgage and potentially extend the loan at below-market interest rates in an attempt to revive the property's fortunes. The negotiations show that as hundreds of billions of dollars of commercial real estate debts come due or have already tumbled into default, deals are being arranged behind the scenes to try to stave off financial catastrophe. More borrowers and lenders have sought to buy timeThere is mounting evidence that such negotiations are taking place more widely. There have been concerns that trillions of dollars of upcoming commercial property debt maturities could inflict heavy losses that could weigh on investors and lenders across the property market and even cause systemic issues in the banking sector. The deal is part of a growing number of sales by some lenders to cut down their exposure to commercial real estate.
Persons: Realty, Michael Maturo, we'd, Maturo, Jack Terzi, Terzi, Jamie Woodwell, Stephen Buschbom, Trepp, Alan Todd, David Blumberg, Raymond Boyd, Blumberg, Robert Ivanhoe, Greenberg Traurig, Ivanhoe Organizations: New, Aareal Bank, Business, JTRE Holdings, Mortgage Bankers Association, Treasury Department, Bank of America, 601W Companies, Aon, Aon Center, Federal Reserve Locations: New York, Lower Manhattan, Manhattan, New York City, Chicago
☆ Landlords pumped billions into apartment buildings during the pandemic. That bet could now go horribly wrong.
  + stars: | 2023-04-16 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +4 min
Big money investors pumped billions into buying up apartment buildings in the pandemic era. But fault lines have emerged for investors who paid top dollar for assets that depended on substantial rent increases and persistent low interest rates to achieve profitability. In those years, investors purchased $355.5 billion and $299.2 billion worth of apartment buildings, according to MSCI — unprecedented sums that far surpassed the previous $194 billion record of multifamily sales in 2019. "It's early, but it's going to become a bigger story, especially if interest rates stay high and lending standards are tight," said Alan Todd, the head of commercial-mortgage-backed-securities strategy at BofA Global Research. As these short-term debts come due, they will be difficult to swap with commensurately sized loans today, because of the falling values, higher interest rates, and lender caution.
☆ Landlords who bought thousands of apartments are facing a reckoning
  + stars: | 2023-04-11 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +9 min
Investors showed outsize interest in apartment buildings during the pandemic. Rents and occupancy rates were rising, interest rates remained relatively low, and rental-property prices were climbing with no sign of letting up during a surge in housing demand. Laguna Point did not respond to a request for comment. Marc McDevitt, a senior managing director at Cred iQ, said it was possible Laguna Point had lost some, or even all, of its investment in the deal. While offices have been going through a paradigmatic shift as more workers do their jobs remotely, apartment buildings have experienced robust demand from tenants.
☆ Here's why the Fed cutting interest rates is a double-edged sword for commercial real estate
  + stars: | 2023-04-06 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +4 min
Commercial real estate is widely seen as the next shoe to drop after the collapse of Silicon Valley Bank. A wave of CRE debt is coming due and will need to be refinanced at higher interest rates at a time when occupancy rates are low. Interest rate cuts from the Fed would provide some relief to the CRE space, but not if they come alongside a recession, according to Bank of America. Commercial real estate has been in a world of pain ever since the COVID-19 pandemic started. But could interest rate cuts from the Fed — which the market expects will happen in the second half of this year — help alleviate ongoing concerns in the commercial real estate market?
0 next >>
Total: 4