Our rates are low, our application is quick and easy! We can get you clear to close in as little as 10 days!
NMLS ID # NMLS # 228246
William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.
Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.
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Understanding the 2024 Maturing Loans Landscape!
As we delve into the realm of maturing loans in 2024, the figures paint a striking picture. According to MSCI, the landscape encompasses over $600 billion in office debt alone, excluding an additional $270 billion from 2023 that remained untouched by refinancing or sales.
MSCI's analysis sheds light on a significant aspect: many of these loans have likely received short-term extensions, given property owners' reluctance to accept losses in asset sales or refinance amidst a high-interest-rate environment. This categorization of 'likely extensions' suggests a considerable sum—up to $870 billion—could be looming over the market this year.
A closer examination reveals that the bulk of these loans originated in 2021, marked by record-high prices and historically low interest rates. Consequently, borrowers may seek loan maturity extensions, although not all lenders might oblige, presenting opportunities amidst the ensuing dislocation.
The multifamily sector emerges prominently in the loan portfolio, though details about its performance remain undisclosed. Notably, the Federal Reserve's observations highlight declines in multifamily and office sectors, suggesting underlying challenges beyond financial metrics.
Driving these maturing loans are investor-driven instruments such as CMBS and CLO. CMBS lenders, in particular, hold a substantial stake, accounting for nearly 30% of the outstanding balance. Looking ahead, banks are poised to dominate the maturity schedule in later years, comprising at least 45% of loans maturing between 2025 and 2027.
In essence, the status of maturing loans in 2024 unveils a complex interplay of market forces, interest rates, and sector-specific challenges. Property owners, lenders, and investors alike navigate this landscape, seeking avenues for growth amidst evolving financial dynamics.
Should you need an experienced commercial real estate broker, please feel free to contact me at 281-222-0433.
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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
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Copyright ©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014
Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/
Copyright ©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014 https://medallionfunds.com/bill-rapp/
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