Mortgage Banking

Making sense of commercial real estate finance.

Rays of Sunshine

Posted by Jordan Crouch on July 8, 2008

For the capital markets, the only rays of sunshine I see are the ones coming through my office window. CMBS Lenders are still laying off staff; now the high dollar producers are getting the pink slip. I know one former producer who upon getting shown the door took an extended European trip. Asked when he would come back to look for a job, his reply was probably not this year. With many high level staff and/or entire production offices closing, the CMBS market will definitely not be returning in 2008. An article in the WSJ suggests the overall credit market hasn’t seen the worst yet. If this is the case, it will be one bumpy ride for commercial real estate financing.  On the flip side, this investor thinks the worst is over.

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