47. CRE Investing & Servicing with Adam Behlman, President of Real Estate at Starwood Property Trust

The TreppWire Podcast: A Commercial Real Estate Show

English - November 24, 2020 00:00 - 38 minutes - 52 MB
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Previous Episode: The Hotel Sector in Dire Straits, Warehouse Loan Hedging 101, Early Indicators of Bank Failure Risk

Next Episode: 48. An Early Look at November Delinquency Rates, Options for Distressed Hoteliers, the Urban Exodus

In a special episode, we welcome Adam Behlman, President of Real Estate Investing & Servicing at Starwood Property Trust, the largest commercial mortgage REIT in the US with a market cap of $5 billion. We discuss the volatility today compared to the Great Financial Crisis, the current mindset of borrowers, opportunity for the CMBS market, forbearance relief, and challenges in appraisals.

Episode Notes:
Comparing the Great Financial Crisis to the pandemic (5:39)
Starwood’s conduit lending business (10:44)
Opportunity for the CMBS market (15:09)
The current mindset of borrowers (18:48)
More forbearance relief coming? (22:04)
The migration to Florida (25:05)
Potential changes coming out of this crisis? (28:21)
Challenges in appraisals (34:12)

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