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Seems plausible. Vacancy rates of commercial property is ~~down~~ up significantly in major cities (SF, ATX, NYC, SEA, ...). What I want to know is: is it poss
by xyst 3y ago
Seems plausible. Vacancy rates of commercial property is ~~down~~ up significantly in major cities (SF, ATX, NYC, SEA, ...).
What I want to know is: is it possible to find out how many of these commercial loans contain a "non-recourse" clause?
- unstatusthequo 3y agoNot sure if UCC filings have this information in them, but that's one place I'd look first.
- mistrial9 3y agoI can say from experience, that when there is money to be made, or commercial advantage to be had, some group will be on it before any news or any report shows it. On the other hand, when there are losses, and big mouths on big mics are trying to make a public case, you better find a team and make sure you know where you stand, because it is not going to be fair, or pretty. definitely interested in this topic for practical reasons here in California
- xyst 3y agothanks I'll look into this. hopefully I don't have to make requests for each individual state.
- danans 3y ago> Vacancy rates of commercial property is down significantly in major cities (SF, ATX, NYC, SEA, ...). You mean occupancy rate right?
- xyst 3y agoyes, occupancy rates :)
- jandrese 3y agoIt may be expensive, but in places like San Francisco it seems like it would be worthwhile to have those commercial spaces rebuilt as residential. The city has such a dire housing crunch that letting a building sit empty waiting for a commercial client is almost malfeasance. If the zoning is wrong that is a political issue that can be corrected. There should be a strong offices to condos push.
- cudgy 3y agoBut will the demand be there for the new housing to live in an expensive poorly run city with fewer jobs in the commercial centers?