Earlier in the year, NREI spoke with several property management sources to discuss the proptech space. This time, NREI spoke with Patrick McGrath, chief information officer and head of client technologies at real estate services firm Savills, and Jake Edens, senior vice president of technology and innovation at real estate services firm Colliers International, to discuss which proptech products their companies are using and which proptech categories they are ultimately bullish on.
If the current coronavirus (COVID-19) situation persists, real estate lenders increasingly will be faced with the need to restructure loans in their portfolios. Lenders that held non-performing real estate loans during prior real estate downturns (e.g., 2008, 1990s) have no doubt embarked on the real estate workout process countless times before. However, with the passage of time, the lessons learned by real estate lenders of earlier eras may have faded from memory.
Anyone can provide numbers on a sheet of paper, but if you are hoping to successful raise capital online, especially during times like these, you will need to go beyond the numbers. The key to crowdfunding is building and sustaining momentum and one of the most effective ways you can do this is through the telling of a powerful story.
There’s a critical mass of market forces weighing in favor of lower yields: The economic wreckage of business closures is only just beginning to show, stocks are still slumping and the Federal Reserve is swallowing up hundreds of billions of Treasuries each week as part of stimulus efforts.
Over the weekend a coalition of 15 industry trade groups called on the federal government to establish a liquidity facility for mortgage servicers, reports Housing Wire. Commercial tenants in the U.K. are struggling to pay second quarter rents, according to CNBC. GlobeSt.com explored how multifamily property managers are weighing what to tell other tenants when a renter tests positive for COVID-19. These are among today’s must reads from around the commercial real estate industry.
