Where to Invest in Commercial Real Estate? That Was the Question.
A recent Commercial Observer forum on capital markets gathered lenders and investors, and found divergent views
Shlomo Chopp, managing partner at lender Terra Strategies, sits at the intersection of borrowers and lenders in his real estate consulting work. Chopp noted that many lenders are only accepting extensions or paydowns in this current market — one that has $1.5 trillion of maturities due over the next two years — and this stance has opened up rare off-market opportunities.
“I actually think the reason why deals are happening where people don’t see them is because there are off-market opportunities,” said Chopp. “If you’re a borrower with a lender, you can transact off-market without the lender coming to market.”