April 27, 2024

Copyright © 2022 ALM Global, LLC. All Rights Reserved.
alm.com
How many ways can a CRE borrower say out? How about a good factor of ten when it comes to interest caps on adjustable-rate commercial real estate loans?
“In the last 18 days, I had about a billion dollars of real estate I was trying to buy,” Grant Cardone, CEO of Cardone Capital, tells GlobeSt.com. “We were doing a deal with $300 million worth of debt, AAA asset, AAA location, everything lenders would want. What we would normally pay $500,000 for was $12 million.” The deals were done … done in, that is.

*May exclude premium content
Already have an account?
Class C Apartments Showing Cracks
Thought the Fed Might Back Off on Rate Hikes Soon? You Were Mistaken
Inflation Reduction Act Doubles Tax Credits for Building Retrofits
FHFA Proposes New Benchmarks for Measuring GSEs’ Multifamily Goals
Could There Be a CRE Upside to a Recession?
Joe Derhake, PE |
A slower pace allows time to reprioritize and devote resources to initiatives that may have been back-burnered over the past couple years.
Lynn Pollack |
New York metro area will deliver 28,000 while Dallas-Fort Worth will develop 23,500 new units.
Erik Sherman |
You don’t want to wish ill on anyone, but it can be comforting to realize that if the economy goes bad, you might receive some benefit.
eBook
Sponsored by essensys
The Business Case for an Intelligent Digital Backbone in Multi-tenanted Commercial Buildings
The commercial real estate industry is navigating changing dynamics with the rise of hybrid working environments and greater demand for digitally-enabled buildings and spaces. But delivering on this demand brings increasing amounts of complexity. Download this eBook for key considerations when evaluating a digital infrastructure.
Browse More Resources ›
White Paper
Sponsored by Placer Labs Inc.
2022 Domestic Migration Trends
Download this white paper to understand if and how COVID impacted domestic migration patterns on a state, city and zip code level; including how these patterns are affecting CRE stakeholders.
Browse More Resources ›
Report
Sponsored by Rent.
2022 Multifamily State of the Industry Report
There are three major trends converging to shape new renter dynamics: The Great Resignation, The Occupancy Fallacy, and The Renter Research Revolution. Download this report to explore these trends and learn how to thrive in this new era.
Browse More Resources ›

Copyright © 2022 ALM Global, LLC. All Rights Reserved.

source

About Author

Leave a Reply