"#CRE borrowers struggled with higher refinancing costs as property values declined and interest payments rose. $20 billion of office #CMBS mature in 2023, according to #Trepp." @Reuters
https://t.co/aAi7PnmtNY
#Trepp projects more than $103 billion in #CMBS debt maturing in H2 2023.
$126 billion is coming due in 2024, bringing the total over the next 18 months to more than $232 billion...
https://t.co/XXwfLuwmU2
From Bloomberg, and ahead of next week's #FederalReserve policy meeting.
The #Fed is still expected to hike rates by 25 basis points notwithstanding better-than-expected inflation numbers.
The big focus will be on the nuance of the policy guidance for September.
More to follow.
#economy #econtwitter
Our Trust-Building Core Value: TEAM.
Borrowers with distressed loans need a team of experts to protect the client's interests. We believe in CULTIVATING A FAMILY CULTURE, SUPPORTING EACH OTHER AND CLIENTS, COMMUNICATING EFFECTIVELY WORKING TOGETHER TOWARDS THE SAME MISSION
What does it take to truly be an ally who protects your interests in the complicated #CMBS loan process? It takes a team of experts who walk the talk and truly live by their Trust-Building Core Values.
Learn more here: https://t.co/EXMzoOSIej
#realestate#investmentloans#loan
Because we believe it’s our job to protect the borrower’s interests. We believe in PROTECTING THE INTERESTS OF THE BORROWER, CONSIDERING THE LONG TERM IMPACT FOR THE CLIENT and INFORMING THE CLIENT OF THE SILENT IMPLICATIONS AND ACTIONS THEY MIGHT ENCOUNTER FROM THE LENDER.
Our Trust-Building Core Value: PERSISTENCE. Because we believe that with persistence, we can find the best possible outcome for borrowers that are struggling. We believe in CREATIVE PROBLEM SOLVING, RELENTLESS NEGOTIATION and DETERMINATION TO FIND THE MOST POSITIVE OUTCOME.
We represent the borrower to negotiate terms with the servicer. Our goal is to protect our clients’ interests while they navigate the CMBS process. We accomplish it by doing it our way, defined by these 4 TRUST-BUILDING CORE VALUES: INTEGRITY, PERSISTENCE, PROTECTION, TEAM.
Hart Advisors’ Trust-Building Core Value: INTEGRITY
Because we believe in doing the right thing, even if it's harder. We believe in... SETTING EXPECTATIONS
BEING TRANSPARENT and LEADING WITH HONESTY
#hart#hartadvisors#realestate#realestateinvestor
“Hotel occupancy in the United States for 2021 is expected to average 52.5%, an increase of only 8.5% from 2020”, @AHLA . If the current economic crisis impacting the travel and tourism industry is further impacting your distressed loan, we can help.
In this #CaseStudy we were able to achieve a $907k Fee Waiver for our client. This is a great example of how our expert team comes up with creative solutions with the borrower’s best interests always in mind. Read more about this #HartSuccess on our website.
#CMBS
“Business travel expected down 85% through April 2021”, @AHLA
The stress on the #hospitality industry will remain a key factor in their recovery until the #COVID situation stabilizes. If the current economic crisis is further impacting your distressed loan, we can help🤝.
Our corporate mission is bigger than just making a profit. It's to protect our clients’ interests in a very complex overwhelming #CMBS process. Every member on our team is united & driven by the same mission & work by the same core values: Integrity, Persistence, and Protection.
🤝Honesty and integrity means to set expectations and be transparent. Someone who truly cares about protecting the client’s interests tells them what they need to hear, not what they want to hear. Doesn’t that sound like someone you want to represent your interests?
#realestate
Here we highlight a retail portfolio in #Waco and #Sherman, #Texas. An example of how our expert team found the best solution for our client. We were able to negotiate a fee waiver of 100% of default interest and late fees which saved our client $750K.🙌
https://t.co/7SdNCI6knC
👇This #CaseStudy highlighting a @Walgreens CTO NNN Portfolio is the perfect example of how our expert team supports our clients through the #CMBS process. With our expertise, we were able to complete this #Loan Assumption in only 47 days🙌.
Read more: https://t.co/PVXKjjOjI6
🤝 #Integrity is one of the cornerstones of our #corevalues✊. Our reputation has developed from how we walk the walk and live our core values, which is evident in how we protect our clients through the #CMBS loan process.
https://t.co/zzZs9TLIDy
#loanofficer#Texas#Florida
According to CoStar, 16 scenarios were modeled to determine the impact of the 2020 recession 📉
The amount of distress is projected at between $92B and $370B. While a wide range, CoStar’s data is consistent with what Hart is seeing in the market.
#Hart#hartadvisors
Clients count on Hart to navigate all types of loan terms and events. In this event, Hart negotiated a full waiver of a cash management trigger 💵
Hart’s goal is to protect our clients interest in a fair and reasonable way 🔐
#Hart#hartadvisors