Investment Matters: 3650-Degree View of CRE Finance
Manage episode 485674060 series 3180111
Taking stock of the real estate capital markets is a tall order right now. At this volatile moment, it’s invaluable to hear insights from an executive who’s been there and done that through multiple market cycles.
Welcome back to Investment Matters. Our guest is Toby Cobb, a 30-year industry veteran and the co-founder of 3650 Capital, a diversified lender and loan servicer.
Previously, as co-CEO of LNR Property, he built the company's loan origination platform and led its restructuring and sale. At Deutsche Bank, he served as managing director & co-head of U.S. commercial real estate.
In part 1 of this special two-part episode, you’ll hear Cobb’s frank insights on what it takes to get projects financed today, the prospects for interest rates and the telling tale of three neighboring office buildings in Midtown Manhattan. Take a listen.
Episode highlights:
- Taking the pulse of the credit and equity markets and policy changes in a volatile time (1:12)
- Why higher-for-longer looks more likely (5:21)
- The Fed’s impact on market cycles (8:25)
- Snapshot of bank lending—the top 50 and beyond(10:15)
- How extend-and-pretend is undermining assetvalue (13:08)
- What’s getting construction financing today (15:30)
- A tale of three Manhattan assets (19:25 )
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