“This is the kind of thing where it’s likely to be a very slow-moving train as the financial sector and commercial real estate market move forward,” he said, adding that refinancing deals will play out in the next few years. “It’ll take some time.”
All tagged Commercial real estate
Commercial Real Estate: Too much Debt, Not Enough Assets
It’s possible the pandemic will fizzle, someone will snap their fingers, and everything will revert back to the pre-Covid economy. But, indications are, commercial real estate, will take lumps, some that will be fatal.
Vultures Wait for the Cluster of Errors
The big monied real estate players know this real estate boom is long in the tooth and are raising money to buy up the distressed pieces when the time comes.