Quick funny: Tomorrow is the National Home-School Tornado Drill. Lock your kids in the basement until you give the all clear. You’re welcome. Haha! For the past two weeks, we have been discussing the fact that just about every commercial bank in the country is out of the commercial mortgage market. The CMBS market remains…
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Some more green shoots are visible as the bridge lenders are starting originations also. The warehouse lending market (big banks lending to debt funds) has started up again, with more cautious leverage. The warehouse lenders will also monitor loan collateral more closely. The difference between a commercial mortgage banker and a commercial mortgage banker is…
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