John Fee | Capital Markets

McCann Commercial Real Estate | Capital Markets | U of Scranton Alumni

[John Fee | Capital Markets @JohnfeeCRE]

@The4amBroker ⬆️
@McCannCRE ⬆️

[John Fee | Capital Markets @JohnfeeCRE]

#retwit July CPI report gets released tomorrow. My thoughts below ⬇️

Overall, I see CPI inching closer to the 2% target that J.Powell & the fed have been pushing for.

[John Fee | Capital Markets @JohnfeeCRE]

If CPI comes back at an elevated level or above-estimated level, I see treasury rates holding as the Fed’s worry towards inflation will spike.

Overall, I see August 2nd’s rate drop as a way to “hold-off” consumers. The Fed can now push another rate cut until late Q4 if needed.

[Ty Martin, SIOR, MBA | The 4AM Broker @The4amBroker]

Alright #retwit gang — who is going to come out to NJ to help us raise some money and hit some balls in September? https://t.co/qmQdRoLZlE

We officially locked in a date for our 2nd Annual McCann Commercial Fall Classic Golf Outing.  

Tuesday, September 10th at Riverwinds Country Club in South Jersey.  Our 2024 goal is to raise $75,000!

[John Fee | Capital Markets @JohnfeeCRE]

Seller decreases their stake to a silent minority member of the LLC, and the Buyer refinances along with a small seller-held note to cover any difference in LTV.
Seller is happy, Buyer is happy.
@McCannCRE

[John Fee | Capital Markets @JohnfeeCRE]

#retwit In today's market sellers have champagne tastes and buyers have a "beer budget" appetite. How can we get transactions to pencil?

*Ex. Seller wants $1m and the Buyer is capped at paying $800k

[John Fee | Capital Markets @JohnfeeCRE]

2. Creative Transfer Option Buyer is transferred onto the operating LLC with the Seller, becoming a majority member. Seller avoids transfer tax and broker commissions.

[John Fee | Capital Markets @JohnfeeCRE]

From my POV, the current economy is making a push in brining these pain points to life.

Monday food for thought..
@McCannCRE

[John Fee | Capital Markets @JohnfeeCRE]

#retwit Recently had a chat with a Developer/Landlord in the PHL area. As we discussed a few projects that were underway, here are a few key points of concern that stood out.

-Completion delays
-In-place financing maturity dates
-Cost to carry and entitlement

[John Fee | Capital Markets @JohnfeeCRE]

Especially for projects acquired in early 2022, the discussion now seems to be open to all avenues as far as an "end play" for developers. A few major projects I've seen in Philly/NJ have been thrown out completely and sold post-entitlement.

[Bob Knakal | NYC Investment Sales @BobKnakal]

The way you dress is part of your personal brand. 👔

[Ty Martin, SIOR, MBA | The 4AM Broker @The4amBroker]

Look at this squad!

@McCannCRE

@JohnfeeCRE
@MattRahillCRE
@SteveHanscomCRE
@angelo_CRE
@NolanTullyCRE
@BlumSajan
@ColinKuniCRE
@lukecoleCRE
@devonrunk_CRE
@JoeyHolahanCRE

[John Fee | Capital Markets @JohnfeeCRE]

These two quotes are something I hear on a weekly basis, and it makes me love what I do that much more.
@McCannCRE

[John Fee | Capital Markets @JohnfeeCRE]

#retwit "The banks aren't lending" "Everything has dried up in our market"

--No it hasn't, and yes they are still lending.

Having market insight on the capital providers that are still transacting has given myself and my network a huge competitive edge.

[John Fee | Capital Markets @JohnfeeCRE]

From a CRE perspective, I'm optimistic. I see the summer riding out with the 10-year T Bill constant between 4.2%-4.3%, then a possible downtrend in September.

Great time to Refi if you locked in a fixed rate over the past year.
@McCannCRE

[John Fee | Capital Markets @JohnfeeCRE]

#retwit Sifting through the transcripts of J. Powell's testimony to Congress from yesterday. Takeaway's below ↓

With a cooling job market and inflation slowly being tamed Jerome highlighted some insight towards rate cuts to come this year.

[John Fee | Capital Markets @JohnfeeCRE]

"too late or too little could unduly weaken economic activity and employment" was one of his most notable remarks that stuck with me. Data is showing that we've come a few steps closer to the 2% CPI target, nudging the Fed towards a future rate cut.

[John Fee | Capital Markets @JohnfeeCRE]

Rate hikes, operational costs, and costs to complete projects have soured, making favorable Debt options far & few between.

Looking for a second opinion/resource for additional Debt options? Acquisition, Construction, Perm, etc.
Shoot me a PM and let's chat!
#retwit
@McCannCRE

[John Fee | Capital Markets @JohnfeeCRE]

Pigs get fat and hogs get slaughtered" I heard this line the other day and it brought me right back to CRE.. here's why

Loan defaults have become an apparent part of CRE Capital Markets post-rate hikes in 2022…

[John Fee | Capital Markets @JohnfeeCRE]

For the investors/developers that got in early and sold once proj. returns were hit, "the pig got fat."

The groups that held on.. turned to hogs, and we all know what happens to hogs…