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The market is inherently cyclical. But secular trends are increasingly affecting workout strategies.
The manager reckons the current market dynamic is resulting in two key trends – one is acquiring loans directly from Fannie Mae.
Ahead of the Federal Reserve’s June 11 meeting, hopes for rate cuts have plummeted from as many as three to potentially none.
Toby Cobb, co-founder and managing partner, also sees a herd mentality emerging around five-year, floating-rate loans.
Speaking at the PERE Network Europe Forum, the CEO and CIO of the asset management giant said Europe’s debt funding crisis is about to intensify.
Borrowers and lenders continue to be held back by higher interest rates and a lack of clarity on valuations, notes an advisory executive.
Walker & Dunlop's chairman and chief executive takes a deep dive on the commercial real estate market and discusses the growth of the firm.
The optimism comes as the commercial real estate debt markets gear up for an estimated $930bn of refinancing.
The commercial real estate market is operating against a backdrop in which higher interest rates have caused widespread declines in real estate values – and higher loan-to-value ratios.
The yield on the 10-year Treasury topped out at 5 percent in October before falling to less than 3.8 percent at the end of 2023.