CoStar: Creativity is Key to Hotel Financing, Experts Say
Peachtree Group CEO Greg Friedman says creativity is becoming essential in hotel financing as borrowers increasingly turn to alternative capital in a higher-rate environment.
Greg Friedman joined Schwab Network to talk about how the commercial real estate business is repricing itself as yields remain elevated due to the U.S.-Iran war.
He tells investors in the space to brace for pain on the balance sheet, though it likely creates new opportunities long-term. Greg adds that data centers now make up 1% of commercial real estate, a number set to accelerate and create new headwinds for properties.
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