June 26, 2020

Rent, real estate and the commercial mortgage market in the age of coronavirus

Listen Later

16 minutes

In the US, commercial mortgage backed securities are a $1.2tn market, and an integral part of how banks lend to commercial property owners. But as the pandemic and subsequent lockdowns changed almost every sector of the economy, commercial real estate has changed too. Hotels and retailers have been hit hard by the shutdown, and mortgage and rent payments they have deferred are coming due. The FT’s Joe Rennison explains what this means for the CMBS market. We also hear from two people who are helping lenders and landlords deal with the upheaval.

Hosted on Acast. See acast.com/privacy for more information.

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Behind the Money

By Financial Times

4.5

194194 ratings

June 26, 2020

Rent, real estate and the commercial mortgage market in the age of coronavirus

Listen Later

16 minutes

In the US, commercial mortgage backed securities are a $1.2tn market, and an integral part of how banks lend to commercial property owners. But as the pandemic and subsequent lockdowns changed almost every sector of the economy, commercial real estate has changed too. Hotels and retailers have been hit hard by the shutdown, and mortgage and rent payments they have deferred are coming due. The FT’s Joe Rennison explains what this means for the CMBS market. We also hear from two people who are helping lenders and landlords deal with the upheaval.

Hosted on Acast. See acast.com/privacy for more information.

...more