STREET VIEW – Ramblings on Real Estate
As a third party Commercial Real Estate servicer, we are lucky enough to not only be on the front line of loan operations but also to see large cross sections of deals, sponsors, lenders and asset classes. Our role is never more valuable than when there is a downturn in the market and 2020 certainly put us to the test. Our clients relied on us more than ever to protect their positions and to coordinate waivers and amendments with their borrowers. We also became a reliable source for spotting market trends and Mount Street found itself regularly speaking on panels and advising clients what was happening across the market.
The same can be said for the “bounce back” in CRE lending. Whilst some of our clients weathered the storm and continued to lend against all odds, it’s fair to say that most were holding back until 2021. At Mount Street, we have been lucky enough to be appointed on a considerable number of both balance sheet and securitised loans so far this year as the market makes up for the lost time.
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Real Estate Finance – The Return