Grant’s Current Yield Podcast IN A TROUBLED WAY
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Mar 24, 2025 Seth Weissman, founder and president of Urban Standard Capital, dives into the intricacies of the commercial real estate market. He shares insights on the challenges posed by high interest rates and regulatory hurdles. Weissman also discusses innovative solutions for repurposing underutilized spaces and the evolving dynamics of private credit amid banking challenges. Additionally, he reflects on the curious rise of Trump's meme coin and its implications for speculative investments, providing a thoughtful look at current financial trends.
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Office Building Loan During COVID-19
- Seth Weisman discusses a loan his firm originated in 2019 for a new office building.
- The loan matured in Spring 2020, coinciding with the onset of the COVID-19 pandemic.
High Office Delinquency Rates
- Office CMBS delinquency rates are higher than during the Great Recession.
- This is attributed to the rise of remote work and decreased demand for office space.
Adaptive Reuse of Office Spaces
- Capitalism's adaptability is evident in repurposing vacant offices.
- Examples include vertical indoor farms and conversion to self-storage units.