Description

Our September 16th episode features some of the CRE's top note sale experts on navigating the current loan note landscape. Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Mike DeGiorgio and Brandy Smith sit with Patrick Arangio of CBRE, Will Sledge of JLL, James Dunbar of Värde, Angela Gonzales of Trimont, and Nicholas Seidenberg of Eastdil Secured to discuss all things note sales. Some key takeaways include: - In many cases, banks and financial institutions see the act of selling a note as preferable to taking a distressed property through the lengthy, reputationally risky process of commercial property foreclosures. - Financial institutions examine note sales on a case-by-case basis to take action that will most help mitigate losses. However, not all note sales are of distressed assets — there are strategic reasons to transact loan notes for performing assets. - There's currently a ferocious market of buyers waiting to take advantage of purchasing notes: capital-wise, both banks and investors are well-positioned to transact on properties while seeking the ideal opportunity. - Some disadvantage property types, such as the hospitality industry, will see some exciting opportunities in terms of asset class performance, despite their current challenges. Like this? Hop over to our blog to check out the latest CRE hot tips and insights: https://www.crexi.com/insights