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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReal estate market seeing a 'wall of distress' coming as loans matureRan Eliasaf, Northwind Group founder, joins CNBC's 'The Exchange' to discuss how private equity fills lending gaps in real estate, tech companies' migration trends, and market outlooks.
Organizations: Northwind
CNN —In early January, anyone who visited the ski resort village of Gulmarg in Indian-administered Kashmir with hopes of actually skiing was out of luck. A severe snow shortage, blamed on dry weather, threatened to derail the entire winter season, leaving both travelers and tourism operators disappointed. Regardless of whether you’re a full-time athlete or someone who enjoys skiing and snowboarding for fun, Gulmarg offers a winter experience like no other. Today, travelers headed for Asia’s highest ski resort can enjoy over 1,330 vertical meters (4,363 feet) of skiable terrain, with lifts offering access to four separate skiing zones on Mount Apharwat. Many of those visitors don’t ski but just ride up the gondola to play in the snow and take in the views at the top.
Persons: Mukhtar Ahmad, Nanga Parbat, , Brian Newman, Newman, , ” Mehmood Ahmad Lone, , nans, Kababs, Rogan Josh, Kati, It’s, Mount Apharwat, Colonel Mirza Zahid Baig, Gulmarg, Javedh Ahmad Reshi Organizations: CNN, El, El Nino, Adventure, Hindustan Times, Newman’s, US Department of State, Warfare, USA Locations: Gulmarg, Kashmir, India, Mount Apharwat, British, Apharwat, Nanga, Colorado, Europe, North America, Pakistan, Khyber, Highland, Hilltop, Kashmir’s, Srinagar, Mount
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTax incentives are a must-have for converting empty offices to residentials: Northwind Group FounderRan Eliasaf, Northwind Group founder, joins 'The Exchange' to discuss how big a deal NYC's rezoning efforts are, how attractive the rezoning efforts are to real estate developers, and much more.
Persons: Ran Eliasaf Organizations: Northwind
In recent weeks, banks have stepped up efforts to prevent such losses, according to commercial real estate (CRE) analysts and industry data. The 23 largest U.S. banks held 20% of office and downtown retail CRE loans, according to the U.S. Federal Reserve. Small banks also have high exposure to CRE loans as a percentage of their assets. About $2.1 billion of office loans pooled in CMBS matured in May, almost double the total amount from January through April, for example. If borrowers agreed to loan extensions, some $10.8 billion of office loans maturing this year would be pushed to later years, Moody's said.
Persons: Shaishav Agarwal, Agarwal, Steve Jellinek, Moody's, Kevin Fagan, Fagan, ” Fagan, Eliasaf, , Banks, Shankar Ramakrishnan, Matt Tracy, Paritosh Bansal, Nick Zieminski Organizations: U.S, Deutsche Bank, U.S . Federal, Manhattan, Northwind, Thomson Locations: York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBanks pulling back real estate loans creates opportunities for private lenders, says Northwind's Ran EliasafRan Eliasaf, founder and managing partner at Northwind Group, joins 'The Exchange' to discuss pulling funds from signature bank, opportunities for private lenders, and New York's evolving residential housing picture.
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