By Wes Skinner, CHMM, Published on August 29, 2024 in GlobeSt.com
CMBS loans came speeding back as the go-to financing vehicle for commercial real estate investors in 2024, with worldwide issuance volume year-to-date in 2024 vastly outpacing issuance in all of 2023. Due in part to this surge in activity, lenders are seeing an increased number of assets with less-than-perfect environmental conditions being brought for financing. Lenders are then tasked with quantifying and mitigating the risk associated with these conditions in order to satisfy stakeholders from the sponsor all the way through to the B-piece buyers, and to get the deal closed. Let’s discuss how Remedial Cost Estimates are a critical component in getting your CMBS loan closed and securitized.
In this Globe St. article, Wes Skinner shares how to ensure that environmental issues don’t derail CRE transactions.
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