Tons of commercial mortgage-backed security loans that were taken out in 2005 and 2007 will soon be up for refinancing! The loans total an amount somewhere near $600 billion! The goal of the GRS Group is to catch the refinance wave, and ride it through 2016 and 2017. Additionally, they plan to globalize their business.
There are just a few problems to work through! Many loans have been trapped in commercial mortgage-backed security for almost 10 years. They're now ready to refinance out, but so many changes have been enacted since then. We're now dealing with commercial mortgage-backed security 2.0, and the reserve and environmental requirements have increased drastically. Such changes are really catching borrowers off guard. A great deal of energy will be spent trying to explain to borrowers why the standards have changed, and how to handle them.
Experts predict that commercial mortgage-backed security will experience a small change in balance in regards to where the loans will end up. Many more properties than usual will be up for a refinance, and the pressure will be focused on underwriting criteria, and asset values. Thankfully, many experts are optimistic about the future of commercial mortgage-backed security 2.0, and believe we'll work through the changes as a country.
If you're in the commercial or hotel construction business, and are looking for solutions, please contact Parkwest General Contractors! We provide a number of useful services including general contracting, value engineering, design review, feasibility analysis, project management, estimating and budgeting, development services, and more! You put a great amount of time, money and energy into your properties. Do all you can to make sure that your business runs smoothly! We are located in Anaheim, California. Give us a call, today!
