COVID-19 Trends of the Week: 4/24/20
Borrowers bank on forbearance. How will office consumption change? Investors count on opportunities to arise. These are the trends that shaped real estate content this week.
More and more commercial real estate borrowers are reaching out to their loan servicers regarding forbearance. While landlords were pleasantly surprised with April commercial and residential rent collections, the forecast for May is cloudy and many fear they will not be able to pay their mortgages on time. Federal measures for tenants and landlords may help, but will they be enough to keep tenants and landlords solvent? Meanwhile, borrowers with loans in progress are finding lenders rewriting term sheets.
Crisis Moves Loan Servicers to Center Stage
Commercial Property Executive
What Forbearance Looks Like for Fannie, Freddie Borrowers
MultiHousing News
Mortgage Payments Interrupted By COVID-19? The Federal And State Response
Forbes
Navigating the Loan Workout Maze
Commercial Observer
Tips for Commercial Mortgage Borrowers Affected by COVID
Lexology
The Office Market After COVID: Will It Be a Zero-Sum Game?
National Real Estate Investorn
What Working From Home, Coronavirus Mean For Office Real Estate Market
New York Post
3. As Distressed Real Estate Seems Likely, Investors Play Offense, Too.
While investors worry about their own real estate portfolios, they are also preparing to capitalize on the likelihood that deals will fall apart and be repriced, investors will sell to preserve returns, new equity partners will be sought, and distressed debt will be up for sale. Investors are playing “two-thirds defense and one-third offense,” said Nadir Settles, managing director and head of New York office investments for Nuveen, this week during a webinar sponsored by Ariel Property Advisors.
Money (Literally) Pouring Into Distressed Real Estate Funds
Seeking Alpha
Fundamental Income Unveils $500M Net Lease Platform
Commercial Property Executive
“We had to turn investors away:” Distressed RE Funds Raising Cash at Breakneck Pace.”
The Real Deal
This Time the Distress Buying Opportunities Will Be Different
GlobeSt.
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