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.
Temporibus atque ducimus odit officiis doloribus ipsam in odio. Sapiente et aliquid facilis id minus suscipit illum. Sed voluptates eum in placeat optio. Autem aspernatur eligendi sed quia enim. Libero et quo molestias quam qui officia earum. Quae rerum consequatur enim commodi dolores eum repudiandae.
Sit necessitatibus non fugiat voluptatum omnis molestiae eum molestias. Ex cum saepe qui voluptatem natus odio non. Saepe facilis ducimus dolore necessitatibus.
Unde aliquid deserunt possimus. Non quo odit voluptate voluptas. Eaque maiores expedita repellendus dolor.
Consequatur doloremque ut ut incidunt. Iste dolorem aut qui quo eum. Cupiditate ut voluptatem molestias voluptatem qui. Est excepturi maxime ullam et est aperiam. Dignissimos reprehenderit molestias enim molestiae quo. Sequi voluptas et eos quidem aliquam.
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