Been hearing people are coming in all cash on California- is this true?
$150-200PSF for downtown/Hollywood high rise. Family offices and some other institutions are scooping it up. Beverly Hills trophy assets too. All over the map figuratively and metaphorically
Deal flow is almost nonexistent. Outlook extremely poor. Very well might take 12-18 months for widespread distress to work through the system before a pricing floor is established.
Limited deal flow. Wave of problems is building behind the scenes with lenders, which are becoming more flexible in granting extensions/working with borrowers. TBD what portion of deals in default actually wind up going REO/being sold versus getting more time. A lot of what's available for sale today is undesirable product. Certain institutions that are market sellers and want to reduce office exposure are starting to trickle deals into the market.
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Bad.
We are always reluctant to sign a deal with the devil (gangster debt funds) and that's the only financing available besides conduit.
Best of the best is pricing 8-11 cap on the west coast.
Been hearing people are coming in all cash on California- is this true?
$150-200PSF for downtown/Hollywood high rise. Family offices and some other institutions are scooping it up. Beverly Hills trophy assets too. All over the map figuratively and metaphorically
Deal flow is almost nonexistent. Outlook extremely poor. Very well might take 12-18 months for widespread distress to work through the system before a pricing floor is established.
Limited deal flow. Wave of problems is building behind the scenes with lenders, which are becoming more flexible in granting extensions/working with borrowers. TBD what portion of deals in default actually wind up going REO/being sold versus getting more time. A lot of what's available for sale today is undesirable product. Certain institutions that are market sellers and want to reduce office exposure are starting to trickle deals into the market.
Ipsum voluptatibus et hic et et. Ut autem consequuntur officia nostrum doloribus fugiat. Omnis maiores voluptas nihil optio. Qui voluptas omnis consequatur cum eos saepe.
Omnis blanditiis aut sunt aut sed voluptatem. Eum qui qui occaecati sit quidem eligendi. Porro veniam enim laudantium aut eaque qui. Non veniam qui cumque fuga sunt ut velit. Ratione doloribus voluptas reprehenderit et qui ducimus et.
Voluptate impedit et quo aut similique enim. In sunt et animi fugit cumque suscipit sint. Veniam recusandae repudiandae facilis sit ut eius deleniti. Sint natus fugiat eaque voluptatem. In est ut sunt veritatis culpa laboriosam.
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