The Tax Cut and Jobs Act is the biggest change to the US tax code in 30 years. Little wonder, then, there are provisions that need further clarification from the Treasury Department. Here are the CRE-related ones that bother experts the most.
In a recent example, $20.5 million in financing was obtained for The Georgian, a 288-unit multifamily property, with a sponsor that was looking to secure a long-term loan at a competitive fixed rate.
As 2017 ends and we look forward to 2018, there is reason to be optimistic about defect, fraud and misrepresentation risk in the home-loan-application sector, according to First American's Mark Fleming.
Slowing rent and valuation growth, coupled with rising interest rates, will constrain leverage and cause terms to tighten in the new year, A10 Capital's Michael Singh tells GlobeSt.com.
Sales activity was, for the most part, lackluster in 2017. Pricing for most assets remained stubbornly high while, in other cases like retail, cost wasn't an issue for buyers. Yet there are signs these trends are shifting, positioning some assets for more activity in 2018.