Recently passed legislation in California could alleviate some of the challenges in converting retail and office properties into affordable housing and pave the way for other states to enact similar laws.
Market conditions are ripe for a wave of distressed assets. Before taking title to a distressed asset, opportunistic buyers or foreclosing lenders should be aware of —and prepared for—the unique risks and challenges associated with these properties.
While these assets may appear attractive to opportunistic investors, the extraordinary circumstances of the coronavirus pandemic demand extraordinary due diligence.
What assets are left in the wall of maturities? Are all the good ones are gone? Jenny Redlin discusses what asset issues to be on the lookout for as these refi's come up.