1 post tagged “national retail capital markets data”
I saw a presentation using CBRE Capital Markets, Real Capital Analytics, and Commercial Mortgage Alert data. Here are the highlights:
- Retail US debt issuance: Q1 2007 $2.7 B, Q1 2008, down 77.8% to $0.6 B
- Overall (office, retail, industrial, multi family, hotels) US debt issuance: Q1 2007 $6.2 B, Q1 2008, down 59.7% to $2.5 B
- Multifamily and industrial are getting more of the shrinking pie. The big losers are office and retail. With the single family residential market issues, this makes sense.
- LTVs are back to 65% - 75% range, no more 90% - 95% deals
- Recourse is back, non-recourse is out. However, this is probably a by-product of the conduit market collapse.
- Lenders looking at trailing 12 Cash Flow, less at Pro-forma Cash Flow
Posted by: Richard
