Distressed Assets
topic on 1 show · 2 statements across 2 episodes
2 statements about Distressed Assets, every show
Morris: Maturing Debt Will Force Commercial Property Owners to Sell in Distress
“Those folks are going to have to sell. They're not able to refinance in a new loan or keep the loan that they have that adjusts from three percent to, say, five and a half or six percent. It will totally wipe out their profits and turn that particular project …”
Morris: ARM resets will trigger big discounts on distressed real estate
“The distressed assets are distressed because people bought them at a much lower interest rate. When that interest rate adjusts, it's going to become a, it's, when those interest rates adjust, the mortgages are going to go up to a rate that people cannot afford…”