Author: Andrew Shook
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Know What You Own: CRE Credit at the End of Extend-and-Pretend
Most 2021 and 2022 CRE loans cannot refinance at par, but only some are true losses. A framework for sorting liquidity gaps from solvency gaps, by Andrew Shook.
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Cash-In Refis Are Back. Here’s How Multifamily GPs Can Pivot
Maturing loans, higher rates and lower values are forcing multifamily sponsors into cash-in refis. Four ways GPs can still win financing.