June 15, 2020

CMBS lenders are starting to quote deals once again.  Larger CMBS lenders that have their own balance sheets and major financial institutions that are not reliant on other capital providers will initially lead the pack.  Expect Wells Fargo, BofA, Morgan Stanley, Citi, JP Morgan Chase, Goldman Sachs, Deutsche Bank, Barclays, Starwood Mortgage Capital, Natixis Real More

Watch for regional and local banks to be active lenders, while the major money-center banks remain in the dugout.  Bank lending will be slow and gradually increase through Q3 and Q4 as the economy revives.  Count on banks to be more selective with property type, location and borrowers.  Underwriting will change drastically with less aggressive More

Growth for oil change chains will be especially healthy as the younger generation of drivers show less interest in changing their own oil than previous generations and are more than happy to pay for this service as long as it is convenient and speedy. As an essential service during COVID-19 closures, oil change shops were More

High-value fitness chains may be one of the more healthy segments to eventually emerge from the COVID-19 pandemic. The future of fitness centers was uncertain during closures but signs of life are resurfacing as states re-open, especially those less impacted by the SARS-CoV-2. Generally, gyms are re-opening with limited a number of clients and pre-scheduled More