Directed IRA Podcast
Banks Are Pushing Distressed Assets—Here’s What It Means for You! with Jamison Manwaring.
Mar 10, 2025
Jamison Manwaring, co-founder of Neighborhood Ventures, shares insights on a unique foreclosure deal his company secured at a significant discount. With the multifamily sector experiencing rising interest rates, he discusses how they plan to optimize the property’s value by increasing rents and improving management. Jamison also highlights the trend of banks pushing distressed assets and the impact of expiring rate caps. This conversation reveals the opportunities for savvy investors looking to navigate the current real estate landscape.
33:08
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Quick takeaways
- As interest rates rise, many property owners face cash flow issues, creating significant opportunities for investors in distressed assets.
- The multifamily housing market remains strong despite economic challenges, offering potential for investors to capitalize on undervalued properties.
Deep dives
Current State of Commercial Real Estate
The commercial real estate market is experiencing significant distress, particularly in the office and multifamily sectors. Recent data revealed alarming default rates of 17% for office properties and 12.5% for distressed apartment loans. This situation is partly attributed to the lingering effects of the pandemic and shifts toward remote work, which have left demand for office spaces low. In contrast, demand for multifamily housing remains strong, driven by high residential purchase prices that make renting more appealing for many consumers.
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