Michael Pechony
@mpechony active 2 months, 1 week ago-
Michael Pechony commented on the post, Hello world!, on the site Michael Pechony on CRE Finance 2 months, 2 weeks ago
In my view, many are missing the point. Everyone is talking about this wave of CMBS maturities that is not going to refinance. Let me disabuse you of that notion. The issue is, losses have to be taken. Let me give […]
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Michael Pechony posted an update 2 months, 2 weeks ago
In my view, many are missing the point. Everyone is talking about this wave of CMBS maturities that is not going to refinance. Let me disabuse you of that notion. The issue is, losses have to be taken. Let me give you a map. In 2007, $400 billion was financed in this country. Assuming on average 80 percent LTV, that means $500 billion of value…[Read more]
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Michael Pechony created the site Michael Pechony on CRE Finance 2 months, 2 weeks ago
