Rescue capital is a more efficient and cost-effective way to recapitalize a real estate asset. Distressed situations can often be remedied without any further action being necessary.
If the saga at Silicon Valley Bank hastens the arrival of the next recession, expect to see many more properties go into default sooner rather than later. This is bad news for lenders because they have ramped up their financing of real estate.
Three million U.S. households continue to rent their homes rather than own them in spite of having relatively high incomes, reports The Wall Street Journal. The Real Deal talked to REIT analyst Alex Goldfarb about the outlook for a commercial real estate downturn. These are among today’s must reads from around the commercial real estate industry.