We welcome Brian Stoffers, Global President of Debt and Structured Finance at CBRE and 2020 Chairman of the Mortgage Bankers Association (MBA). In a wide-ranging conversation, Mr. Stoffers discusses trends he’s seeing in the CRE lending space, property type performance, the impact of “forbearageddon,” and how the COVID-19 crisis will change commercial real estate in the long-term.
Episode Notes:
Outlook for the recovery (1:45)
Any notable valuation trends since the onset of COVID? (3:59)
What we’re seeing on the lending side (6:20)
A new normal in market share? (8:18)
Fannie and Freddie reserve requirements (10:30)
How has the office underwriting process changed? (12:35)
Differences in geographic performance? (15:33)
Impact of “forbearageddon” to investors (18:07)
Office “hub and spoke“ model (21:53)
Future of business travel (or lack thereof) (25:25)
The lending slow-down (29:48)
What does the deal pipeline look like? (35:50)
Investor appetite for ESG reporting (38:49)
The TreppWire Podcast: A Commercial Real Estate Show