SCP Q2 2023 Economic Snapshot
As we’re moving through the Summer months, the theme remains the same, banks are still on a lending hiatus and debt funds are inundated with requests.
SCP Q1 2023 Economic Snapshot
Q1 was one for the books. With continued rate increases from the Federal Reserve and the failure of SVB and Signature Bank, the CRE lending markets almost screeched to a halt. Of course, this has opened up a window of opportunity for alternative lenders to pick up the slack and dictate terms; it was and […]
SCP Q3 2022 Economic Snapshot
As the Fed continues to battle with stubborn inflation numbers it is beginning to crystallize, within the real estate community, that the rate hikes and subsequent adjustment in values are not transitory; they are here to stay.
SCP Q2 2022 Economic Snapshot
The New York real estate community has a lot to digest, like the 0.75% rate increase of June, the upcoming rate increase in July, and the sunset of the 421a tax abatement. All of these factors have, to say the least, rocked the boat as real estate owners and developers are struggling to secure attractive […]
SCP January – February 2022 Economic Snapshot
To say that the times we’re living through are challenging is an understatement. Capital markets are feeling the pinch from rising inflation, the ongoing conflict between Russia and Ukraine and the looming increase in interest rates – which have aided the 10 year Treasury to break 2.00%, a level not seen since mid-2019.
SCP November – December 2021 Economic Snapshot
As we kickoff 2022 there are more and more headlines of larger financing’s taking place. These financings would have been very difficult to close the first half of 2021 and maybe even up to the end of Q3.
SCP October 2021 Economic Snapshot
Q4 has been monopolized with talks about inflation – the CPI has increased 6.2% over the last 12 months – and how the infrastructure bill will further fuel upward pressure in prices; both for goods and assets. From where we are sitting we have seen continued growth in rental rates and a tightening of vacancy […]
SCP August & September 2021 Economic Snapshot
As we enter Q4 we are seeing an uptick in new project financing requests, however, lenders and investors are focused on closing out their existing pipeline with an eye to originate new transactions in 2022. On a positive note, pricing has pulled in by 25-75 bps while leverage has increased by 5-10% making it more […]
SCP July 2021 Economic Snapshot
As new development in New York remains subdued it’s worth noting that in the Census’ quarterly residential vacancy survey, the Northeast saw a substantial improvement compared to Q1 of this year (6.8% to 5.6%); slightly higher that the 2019 average of 5.2%.
SCP June 2021 Economic Snapshot
As vaccination rates in the US continue to increase – however, still below the White House’s goal of administering at least one dose of the vaccine to 70% of the population – and talks about inflation and the increase in commodity prices giving pause to a lot of the participants in our field, we’ve noticed […]