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Commercial default

Zoe

Thread Starter
Senior Member
Joined
Sep 15, 2020
Professional Status
Certified General Appraiser
State
Tennessee
Stay on p's and q's. Pay day is coming. No telling how many commercial properties are in default.
 

glenn walker

Elite Member
Joined
Oct 11, 2006
Professional Status
Certified Residential Appraiser
State
California
Many are in forbearance right now or in Federal Bankruptcy, commercial lenders are working a different game this time, they have no ability to manage empty or vacant commercial buildings, and insurers after the 6 months of previous riots and looting are pulling out of the markets. Therefore we are not going to see a lot of recorded defaults, lots of behind the scene deals being made where owners or corporations are, selling per-arranged prices and liquidated to hedge fund types where its difficult to know who paid what. The goal of the fed's will be to create an-image that there is no serious cracks in the dam. On residential we alreday have millions in forbearance and the game will be a little different than in 2008 -2015 meltdown. There are not going to be a lot of opportunity's fo small investors, in the major metro areas, the Big Boys are already working with Fannie-Freddie and the Feds on how to unwind the nightmare without the public ever even knowing there is a problem.
 

Fernando

Senior Member
Joined
Nov 7, 2016
Professional Status
Certified Residential Appraiser
State
California
As you know, I have few vacant units and few restaurants closed. I have some issues of homeless people sleeping near doorways of these premises.
It's not good to have empty storefronts. Feeling pressure to rent even at lower rent.
 
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