<h2>Commercial Property Woes Patched Through Equity Investments</h2>
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<p>Commercial real estate’s COVID-19 woes can’t be patched up with more debt. That’s Lisa Pendergast, executive director of the CRE Finance Council, an industry group focused on the $4.6 trillion commercial real estate finance market, on the pile of problems confronting properties as a result of the coronavirus pandemic.
My general view is that commercial real estate has somehow been skipped over,” she told MarketWatch, speaking of the Federal Reserve’s more than $2 trillion slate of pandemic funding programs that in March were created to bolster U.S. corporations, small-business owners, municipalities and a limited segment of commercial real estate during the COVID-19 crisis.
Clearly, the Fed’s lending programs have kept financial markets flush with credit. Highly rated U.S. companies borrowed a record amount of debt in the year’s first half. Less risky parts of the commercial mortgage-backed securities (CMBS) market, where loans on hotels, malls, office buildings and other properties are packaged into bond deals, recovered from what investors said briefly felt like the “darkest days” of the 2007-08 global financial crisis. Read more…………..
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Eugene Profit, Profit Investments CEO, joins “Closing Bell” to talk about the S&P 500 amid the coronavirus pandemic.
