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Broker/President Ronald W. Osborne represents both buyers and sellers of commercial properties of all asset classes and types, focusing primarily on privately owned properties in South Florida, ranging in value from $1 to $10 million.
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Troubled CRE Is Tapering While Sales Out of Distress Increase
But the net total has reached more than $88.6 billion with a potential of almost $206 billion.
Driven By High Rates, U.S. Commercial Lending Imploded 47%
The MBA survey, which does not include data from smaller and mid-sized depositories, recorded $306 billion in loans closed by dedicated commercial mortgage bankers in 2023, a 49 percent decrease from $595 billion in 2022.
Commercial Foreclosures Up 117% Year Over Year
The real estate data tracking firm also noted that California, New York, and Florida were the states with the most foreclosures.
STNL Cap Rates Won’t Be Coming Down Soon
Sellers are still in denial about bringing their pricing in line with the new status quo on cap rates.
Treasurys Get Harder To Sell And That’s Not Good For CRE
Finance can be as psychological as mathematical, and that could have a negative impact on the cost of capital.
Banks Have Another Reason To Scale Back CRE Lending
CRE debt didn’t matter much to bank stocks in 2007, but there’s a negative correlation now.
Some Experts Float the Possibility That the Fed Could Raise Rates Again
“You have to take seriously the possibility that the next rate move will be upwards rather than downwards.”
Just How Big is the Wall of Maturities?
Trying to tease out exactly what is due when, and to whom, is confusing.
Loan Modifications More Than Doubled Last Year
The move for lenders to find ways to avoid action on troubled CRE loans has been called “extend and pretend,” though “delay and pray” might be even more apt.
Spread Between Corporate Debt and CRE Mortgages Hits 24-Year High
Bank loan delinquencies are rising while loss rates are back above recent lows.