The enormous amount of capital flowing into the commercial real estate financing industry is the biggest factor that has shaped the market in recent years, according to Brian Stoffers, global president at CBRE Capital Markets. “It’s recognized as a good place to be if you’re an asset allocator, and it’s recognized as an institutional play with growth opportunities and cash flow,” he said speaking on a recent real estate panel in Miami. “So that kind of capital flow has driven [capitalization] rates lower.” Commercial real estate lending levels are exceeding...
“After the ‘taper tantrum’ you had a whole bunch of institutions that got annihilated when the 10-year Treasury rate moved," said analyst Christophe Whalen of KBRS.
Wells Fargo, the nation's largest originator, reported that while 72 percent believe now is a good time to buy, many consumers are faced with misconceptions about credit scores and other topics.
In a new research note, Sterne Agee analyst Henry Coffey also voices anxiety about the fact that almost 55 percent of Walter’s stock is controlled by three investor groups.