Exploring Debt Yield Metrics in Commercial Real Estate Underwriting

This week's episode of The TreppWire Podcast was recorded early, so the team used this time to provide our listeners with a breakdown of the topics the market has been focused on lately: maturities, modifications, CRE risk pricing, cap rates, and more. In our usual fashion, we also dive into the CRE property types, but today, we share delinquency, DSCR, debt yield, and other important data points to note for each sector. Episode Notes: - Extend and pretend? Background and history (2:13) - Is there a silver lining for office properties that can extend? (6:48) - How have changing rates related to property values? + Cap Rates (9:28) - Risk pricing within CRE, Gordon Growth Framework (13:44) - Size of the CRE Universe (25:25) - Deep Dive into the Data- Office, Multifamily, Retail, Lodging (28:10) - San Antonio market (42:35) - Debt yield and underwriting standards (47:39) - Multifamily debt yield (49:24) - Freddie Mac multifamily (51:28) - Shoutouts (1:01:06) Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp