![\"\"](\"https:\/\/64.70.41.242\/wp-content\/uploads\/sites\/46\/2010\/01\/Jeffery-Dunne.bmp\" "\\"Jeffery")
<\/a>As we approach the 2nd quarter of 2009, several trends are becoming apparent:<\/p>\nMany institutional owners are under pressure to sell assets in order to redeem capital to their investors and, in some cases, to avoid violating loan covenants.<\/p>\n
Special servicers for CMBS commercial loans in default appear increasingly willing to provide time to negotiate terms. Many want a pay down in the debt balance \u2013 most start foreclosure proceedings at default.<\/p>\n
Strong regional and National banks are making more acquisitions and refinance loans, particularly for well capitalized owners. Their terms are often more competitive than life companies and CMBS lenders.<\/p>\n
New \u201cprivate capital\u201d and offshore buyers are entering the market while most public REITs and pension funds remain on the sidelines. Private capital will account for an increasing share of acquisitions in 2009.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u00a0 As we approach the 2nd quarter of 2009, several trends are becoming apparent: Many institutional owners are under pressure to sell assets in order to redeem capital to their investors and, in some cases, to avoid violating loan covenants. Special servicers for CMBS commercial loans in default appear increasingly willing to provide time to…<\/p>\n","protected":false},"author":445,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39372],"tags":[],"class_list":["post-1004211519","post","type-post","status-publish","format-standard","hentry","category-cpe-blog"],"acf":[],"yoast_head":"\n
New York City Tri-State Area: New Trends Becoming Evident - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-new-trends-becoming-evident\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York City Tri-State Area: New Trends Becoming Evident\" \/>\n<meta property=\"og:description\" content=\"\u00a0 As we approach the 2nd quarter of 2009, several trends are becoming apparent: Many institutional owners are under pressure to sell assets in order to redeem capital to their investors and, in some cases, to avoid violating loan covenants. 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