The new year is likely to bring grease to the wheels of investment sales as lenders get tougher on delinquent borrowers in the commercial real estate sector and beef up staffing to handle a deluge of foreclosures, a panel of industry experts warned during Bisnow’s Atlanta forecast event last week. The distress and foreclosures are also spreading beyond the embattled office market and into multifamily, panelists said.
The pandemic created an environment where lenders were encouraged and willing to work with borrowers to support property values as the worst of the economic downturn passed, Woodvale Managing Partner Rahim Charania said during the Dec. 5 event at the… Read the full story here. |