Do You Ever Wonder About The Commercial Real Estate Mortgage Refinance Tsunami That's Headed Our Way?
Do You Ever Wonder welcomes Stuart Gelb, CEO of The Liquidity Source!
There are more than $4.4 trillion of outstanding commercial mortgage loans, and in 2023 $728 billion, and in 2024 $659 billion, are going to need to be refinanced.
No Easy Task!
Factors compounding the sheer size of these numbers are many, with one being the fact that Signature Bank, a major lending player in the commercial mortgage market (12% in NYC), failed and was acquired by Flagstar Bank.
But It's Not Just Signature Bank!
There is a Perfect Storm of Issues Hitting the CRE Mortgage Market!
▲Interest and Mortgage Rates are Significantly Higher
▼Net Operating Income in Many CRE Sectors is Down
▲Cap Rates are Higher
▼Loan to Value is Lower
▲Underwriting Parameters at Lenders Will Be Increasingly Stricter
▼Lenders Looking to Actually Lend are Decreasing
▲Compensating Balances Will Be Required By Lenders
▼Some Sectors of the CRE Market are Historically Out of Favor
So What is a Borrower to Do?
Lenders that are actually looking to make loans are needed, along with someone who knows how to find them!
But more than that, whoever is helping a borrower needs to take a holistic approach by sitting down with that borrower to determine what their unique situation may be.
All loans are not created the same, and a CRE mortgage professional can help a borrower get the right loan that works for them.
That's where a broker like The Liquidity Source and Stuart Gelb come in. Stuart is in touch with hundreds of lenders around the country knowing each one's appetite for specific types of loans in the various CRE sectors.
No longer does it work to go down to the corner bank, present your loan scenario, and sit back while a commitment is determined and presented to you.
A mortgage professional who can help address your individual needs is required!
Stuart can be reached at The Liquidity Source, or by email at stuart@theliquiditysource.com.
________________________________________________
Please subscribe to Do You Ever Wonder using the two links below, and don't be shy about sharing the links with your friends.
Subscribe on your favorite streaming platform here: https://areyouwondering.buzzsprout.com/share
Subscribe to Do You Ever Wonder on YouTube here: https://www.youtube.com/channel/UCzmL4Yaump_9Q7tMSChDoUQ
____________________________________________
Are you interested in appearing as a guest on the Do You Ever Wonder podcast?
The Do You Ever Wonder podcast is brought to you by New York title insurance provider Hallmark Abstract Service, and hosted by its CEO Mike Haltman.
Hallmark Abstract Service...You Buy, We Protect!
Read the article 'Are New York Title Insurance Providers All The Same?’ here, https://www.hallmarkabstractllc.com/?p=10321.
Questions about the podcast, NY title insurance, or the RE transaction process?
Let us know at Hallmark Abstract Service at (646) 741-6101.
