This week, the Federal Reserve’s Federal Open Markets Committee (FOMC) decided that its target policy rate range would decrease by 50 basis points, resulting in a new target range for the Federal Funds Rate of 4.75 percent to...more
Days two and three of the CREFC Conference in Miami were active for the Ballard Spahr Team, with the highlight being our annual reception attended by more than 220 guests. In follow-up to our day one summary alert, we wanted...more
The Ballard Spahr Team was thrilled to be here in Miami at the CREFC Conference and we wanted to share some day one takeaways with our clients and friends....more
1/16/2024
/ Affordable Housing ,
Commercial Property Owners ,
Commercial Real Estate Market ,
Construction Loans ,
GSE ,
Lenders ,
Loans ,
Office Space ,
Real Estate Market ,
Rental Property ,
Restructuring
Realigning an underperforming property and its attendant financing takes a high degree of detailed knowledge not only of the particular building, but the market and industry as a whole. In this episode, five members of our...more
The drumbeat of the challenges facing almost every corner of the office building market should be loud and clear to owners and lenders. For some, the current situation is dire, while for others it will likely worsen in the...more
11/16/2023
/ Borrowers ,
Commercial Leases ,
Commercial Tenants ,
Fixed Operating Expenses ,
Investors ,
Land Owners ,
Lenders ,
Office Space ,
Property Owners ,
Real Estate Transactions ,
State and Local Government ,
Tenants
A unique set of conditions appear to be setting up a market that is primed for opportunistic real estate lending and investing opportunities with private credit positioned to thrive. Higher interest rates, increased operating...more
10/20/2023
/ Banks ,
Borrowers ,
Distressed Debt ,
Financial Services Industry ,
Lenders ,
Real Estate Development ,
Real Estate Financing ,
Real Estate Investments ,
Real Estate Market ,
Real Estate Transactions ,
Residential Real Estate Market
Summary -
After pausing last month in its ongoing series of rate increases, the Federal Reserve Board today bumped up its benchmark interest rate, the fed funds rate, by .25% to a range of 5.25% to 5.50%—a 22-year high....more
Within the next 18 months, approximately $936 billion in commercial real estate and multifamily debt is due to mature. Analysts expect delinquency rates to continue to climb, as interest rates rise and traditional capital...more
In a continued effort to reduce inflation to its 2 percent target, the Federal Reserve on Wednesday raised the benchmark interest rate another quarter-point, setting it between 5 and 5.25 percent, a 16-year high....more
Amidst turbulence in the banking sector, the Federal Reserve continued today to seek a balance between stemming inflation and risking recession, and potential further disruption in the banking system, raising the benchmark...more
The Federal Reserve raised interest rates on Wednesday by 25 basis points, marking the eighth hike in a year, bringing the target range to 4.5 to 4.75 percent. Rates were near zero a year ago.
Chair Jerome Powell also...more
The Federal Reserve today announced another hike in interest rates—raising the federal funds rate by another 50 basis points. It’s the seventh consecutive increase this year aimed at cooling inflation by dampening the...more
Private Equity firms, sitting on a mountain of dry powder, are leaning into a potential downturn. For certain, there are plenty of economic headwinds. Analysts are nearly unanimous in expecting a recession to land next...more
As expected, the Federal Reserve today announced another significant hike in interest rates this year—raising the federal funds rate by another 75 basis points. With today’s increase, the Fed took the federal funds target...more
Summary -
As expected, the Federal Reserve today announced its fifth significant hike in interest rates this year—raising the federal funds rate by 75 basis points. With today’s increase, the Fed took its federal funds...more
Summary -
The State of New York Court of Appeals held that claims against non-debtor related parties, based on their actions to aid or induce Chapter 11 debtors to breach contractual loan covenants, were not subject to...more
On April 9, 2020, the Federal Reserve issued a press release announcing that it would be seeking to undertake additional actions to provide up to $2.3 trillion in loans to support the economy. ...more
4/10/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal Loans ,
Financial Stimulus ,
NRSRO ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief ,
Term Asset-Backed Securities Loan Facility (TALF)