Commercial Defeasance and QuietStream Financial mourn the loss of board member Joe Trustey. He was a valued advisor and good friend. Our hearts are breaking for his wife and colleagues, and our thoughts and prayers are with them.
About Wes Grasty
This author has yet to write their bio.Meanwhile lets just say that we are proud Wes Grasty contributed a whooping 61 entries.
Entries by Wes Grasty
Yes, investors, interest rates will go up this year. Here’s the question we really want answered: Will two rate hikes happen before Christmas? Historically, multiple successive rate hikes have followed a period of prolonged low interest rates. This was the case at the conclusion of the low-rate periods of the early 1990s and mid 2000’s.
There can be no more excuses for falling behind the curve in adopting technology in commercial real estate. Ready or not, a major disruption is unfolding in our industry. It’s no secret CRE professionals have been lukewarm to new technologies. Meanwhile, the rest of the world is accelerating adoption quickly, which is why CRE is […]
An interesting trend is developing in the multi-family CMBS space: Newer vintage loans are defeasing much earlier in their terms than older 2005- to 2007-vintage loans. Why? Defeasance economics are turning in their favor. Let me explain.
Over the past several years, multi-family loans have consistently defeased in greater volume than any other property type. Due to sustained low rates and continued strength in the sector, owners of multi-family properties are moving at a quickening pace to defease loans against their properties. The intent is to maximize proceeds from disposition or refinance […]
Last week, we looked at some numbers showing the difficult prospects in front of office properties approaching the Wall of Maturities. Enough gloom and doom. There are plenty of reasons to look at the office sector with optimism. While some assets will surely reach maturity in need of additional capital, the majority find themselves in improving […]
About 40% of office properties approaching the Wall of Maturities could face difficult conditions when their loans mature. A Fairview Real Estate Solutions analysis of all 10-year commercial mortgage backed securities maturing from 2015 to 2017 shows less than 60 percent of all office CMBS is expected to payoff at par value. The remaining loans […]
It’s easy to write-off the future of retail properties based on a few headlines spelling out the demise of some major U.S. retailers. The closing of big-box stores such as Sears or the bankruptcies of major brands such as Radio Shack get plenty of attention. The truth, however, shows bricks-and-mortar retail shopping centers, mixed-use developments […]
Borrowers sprinted to defease their retail properties in the early months of 2015. About 300 percent more borrowers defeased loans for retail properties in the first quarter this year compared to 2014, according to a Defease with Ease® analysis of Bloomberg data. The trend signals the Wall of Maturities, along with fear of rising rates, […]
The Wall of Maturities has arrived. Are you ready to scale it? Hundreds of billions of dollars in commercial real estate loans will mature over the next three years as thousands of 10-year CMBS products from 2005-2007 reach full-term. Approximately $300 billion in defeasance-eligible and prepayment-eligible loans are set to mature.