How Will the Fed Increase Impact Commercial Real Estate?

Jim Costello / March 16th, 2017

The impact of the Federal Reserve’s 0.25% interest rate increase on investors is unclear. However, for lenders this environment of increasing short-term rates presents challenges to their profitability....

Real Estate Loves Inflation (Sort Of)

Jim Costello / March 9th, 2017

A little bit of inflation can be a good thing for real estate investors, though problematic for lenders. If inflation goes on for too long, however, there can be pain in the...

Cautious Optimism Among CMBS Survivors: Takeaways From CREFC

Jim Costello / January 12th, 2017

I attended the CREFC meeting in Miami Beach this week and the watchword was uncertainty. Lenders and investors hate uncertainty, but despite this theme dominating, few people I talked with expressed fears...

Small Banks, Big Impact

Jim Costello / September 17th, 2016

Regional and Local Banks have accelerated their lending for commercial property over the past year, accounting for 21% of all commercial mortgage originations in H1’16. With this share, these smaller banks...

How Safe Are Lenders?

Jim Costello / September 2nd, 2016

At the Shanghai Advanced Institute of Finance conference in Beijing this week, Federal Reserve Presidents Eric Rosengren and Charles Evans discussed the Fed’s interest rate policy. President Rosengren...

US Commercial Real Estate Market Takes a Breather in February

Jim Costello / March 18th, 2016

Preliminary estimates suggest that U.S. commercial real estate volume fell 48% in February from a year earlier, following January’s 3% drop. Combined with the fall in the Moody’s/RCA CPPI...

My Observations on MBA CREF16

Jim Costello / February 10th, 2016

Everybody knows that with the high volume of loans originated in 2006 and 2007, in the next two years the market will need to refinance much more debt than in years past. The unknown is whether there will...

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