In this episode of "Commercially Speaking", we delve into the current state of Commercial Mortgage Backed Security (CMBS) loans and what it means for the commercial real estate market. Our guest, Lonnie Hendry, Senior Vice President and Head of CRE & Advisory at Trepp, Inc., shares his expertise on valuation, appraisals, analytics, modeling, and financial analysis in the industry. We discuss the pros and cons of CMBS loans, their dire state, and what factors from the Federal Reserve could impact the commercial real estate market in the coming weeks. We also touch on Elon Musk's unique view of the market, having recently acquired Twitter and the CRE leases that came with it. With a focus on how the industry affects local businesses and towns, this episode is perfect for CRE investors, users of space, and anyone new to the industry looking to stay informed. Don't miss out on this insightful discussion!
📒Show Notes📒
Find Lonnie Hendry:
Twitter: @Lonnie_CRE, @treppwire
Links mentioned by Lonnie:
CMBS 101: https://www.trepp.com/trepptalk/cmbs-101-trepp-guide-life-cmbs-loan-part-1
Youtube: https://www.youtube.com/playlist?list=PLnXDHM1VdwGdSBu-0h8pCv9r72F8EhBC3
Apple: https://podcasts.apple.com/us/podcast/the-treppwire-podcast-a-commercial-real-estate-show/id1507205213
Spotify: https://open.spotify.com/show/3JNmPPn5lENUdUEvk5gVC7?si=eoMTsWGARr-LHsrlP8JP8g&nd=1
Soundcloud: https://soundcloud.com/the-treppwire-podcast
🎉Join the party, stay informed, access bonus content, the blog and more:
[tinyurl.com/CRE-Podcast-sign-up](http://tinyurl.com/CRE-Podcast-sign-up)
Subscribe and listen to Commercially Speaking Here:
Youtube: [https://www.youtube.com/@commerciallyspeaking](https://www.youtube.com/@commerciallyspeaking)
Spotify: [https://podcasters.spotify.com/pod/show/commerciallyspeaking](https://podcasters.spotify.com/pod/show/commerciallyspeaking)
Amazon Music: [https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking](https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking)
Apple: [https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330](https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330)
Spotify: [https://open.spotify.com/show/4omTZAPlCBYgJrqBuXrdCG](https://open.spotify.com/show/4omTZAPlCBYgJrqBuXrdCG)
ConvertKit Optin Page: [https://barron-commercial-group.ck.page/keep-me-informed](https://barron-commercial-group.ck.page/keep-me-informed)
⏰Time Code⏰
00:00 - INTRO
02:48 - What is CMBS?
03:39 - Savings & Loan (CMBS Orgin Story)
04:55 - CMBS as a Bond
06:01 - Bo Interprets
07:07 - How The Market Will Fall Apart
08:01 - CMBS in Timmy Talk
09:00 - ADHD Super Power
09:35 - What Happens Next? (The FED)
12:26 - Why Is This Happening?
14:46 - 25% of CRE Balloon Payments are Due
15:21 - Is CRE Doomed?
16:31 - Bank Failures
19:27 - Mark To Market
20:33 - Local Level CRE
22:07 - Covenance
22:51 - Where To Get a CMBS Loan?
23:32 - Where To Get Informed?
24:42 - What is Trepp?
30:02 - POP QUIZ
35:26 - Elon Musk vs CRE
---
📲 Connect with us:
Subscribe to our Youtube: [https://www.youtube.com/@commerciallyspeaking](https://www.youtube.com/@commerciallyspeaking)
Instagram: [https://www.instagram.com/commerciallyspeaking/](https://www.instagram.com/commerciallyspeaking/)
Facebook: [https://www.facebook.com/commerciallyspeaking](https://www.facebook.com/commerciallyspeaking)
Tiktok: [https://www.tiktok.com/@commerciallyspeaking](https://www.tiktok.com/@commerciallyspeaking)
Follow us on Twitter: @comspeakpod & @bobarronccim
---
Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets.
For all CRE inquiries visit [http://www.barroncommercial.com](http://www.barroncommercial.com/)
Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron
#commercialrealestate #crecrisis #ccim #adhd