Jarred Kessler, CEO of EasyKnock.
NEW YORK CITY – For commercial real estate borrowers, low-interest rates are great, but for banks, pension funds and endowments deflated borrowing costs mean decreased revenue streams, leading to an inflationary environment and threatening economic conditions, Jarred Kessler, CEO of EasyKnock, a real estate proptech company servicing homebuyers, tells GlobeSt.com.
In late October, the Federal Reserve dropped interest rates to a range between 1.5 and 1.75 percent to make financing cheaper, which spiked real estate deals in the capital intensive sector. Before the recent rate drop, several other proceeding rate cuts that started in July had investors flooding into the market to borrow on real estate deals.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
