Discusses how CommLoan’s platform helps noteholders of CMBS loans coming due this year.
Despite the massive snow storm that crippled New York City last week, CommLoan’s CEO Mitch Ginsberg participated in a series of media meetings discussing the state of the industry and the key trends that will shape commercial real estate lending in 2017. While in Manhattan, Mitch met with reporters from Fox Business, Thompson Reuters, Globe Street, Real Estate Forum, Wall Street Journal and CFO Magazine among others.
The common thread, resonating loudly with most media outlets, is the issue of the CMBS notes coming due this year. According to Morgan Stanley’s research, $123 billion of commercial mortgage back securities (CMBS) loans are scheduled to mature in 2017. It’s not surprising that most of the commercial lending reporters covering this subject are following the debt numbers closely. Mitch was able to showcase how CommLoan’s digital platform serves as a potential solution and a lifeline for note-holders with notes coming due this year.
“Commercial real estate experts are warning that with the notes coming due, noteholders across the country will face the harsh reality of rushing to secure new loans to pay off the old ones,” Mitch told reporters. “They’re predicting an increase in delinquencies based on an assumption that borrowers won’t find a way to secure new loans. But it doesn’t have to be like this. Our digital marketplace, for the first time in history, is giving commercial real estate borrowers unprecedented access to capital at their fingertips. Knowledge is power and we want every borrower who is concerned about their notes coming due to understand their options.”
CommLoan’s digital marketplace is the first platform capable of sorting through thousands of lenders and potentially tens of thousands of loan programs, matching commercial mortgage borrowers with the perfect loan product. To assist borrowers with notes due this year, CommLoan is gearing up to launch an educational resource later this month that will provide information and facts about options in commercial lending.
Get a Free Commercial Real Estate Loan Quote
Fill out the form below for expert assistance from our team of Loan Consultants.