CMBS special servicers battling a surge in distressed loans have been working to give borrowers more time to ride out the downturn, but expiring forbearance periods will open the gates on restructurings and rising delinquencies.
Buying something sight unseen sounds a little unorthodox, but special purpose acquisition companies (SPACs) have surged in popularity in recent years and that includes some targeting commercial real estate and the proptech sectors.
In the commercial real estate lending arena, many debt funds and smaller banks are stepping up during the coronavirus pandemic, while many CMBS lenders and big banks are stepping aside.
In this episode of NREI's Common Area podcast, David Bodamer talks to Brian Ward, CEO of Trimont Real Estate Advisors, about how COVID-19 has disrupted the industry in 2020.
Movie theaters, fitness studios and beauty salons continue to struggle, while drugstores, pet supply stores and supermarkets are keeping up with rent payments.
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