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re: A debt 'time bomb' looms for New Orleans' downtown office market
Posted on 3/21/24 at 8:23 am to SlowFlowPro
Posted on 3/21/24 at 8:23 am to SlowFlowPro
quote:
I'm no expert on CRE, but from what I've read/listened to, it seems like it's an industry that's developed really bad habits in how they engage day to day. Like a literal constant debt shuffle and re-negotiation but always carrying huge debt.
Most Lenders do a 5-year ballon note for commercial real estate, essentially requiring them to refinance every 5 years.
2
Posted on 3/21/24 at 8:25 am to TigerBlood17
I imagine that's going to change over the next few years 
Posted on 3/21/24 at 9:39 am to TigerBlood17
quote:
Most Lenders do a 5-year ballon note for commercial real estate, essentially requiring them to refinance every 5 years.
“I think it is called a balloon payment because the money was going to fall into his lap from a hot air balloon because he sure as frick didn’t have it.”
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