CNBC’s Squawk Box Featuring Citymark Capital CEO, Dan Walsh
NEW YORK, NEW YORK, August 29, 2023 – Citymark Capital Founder and CEO, Dan Walsh, recently appeared on CNBC’s Squawk Box for an interview with Joe Kernen discussing the intersection of commercial real estate and regional banking. Click HERE for the segment. Drawing on his extensive experience in the banking industry and private equity space, Mr. Walsh offered valuable insights on the impact that the higher interest rates and recently issued Federal Reserve capital requirements will have on banks with commercial real estate exposure. A few highlights include:
- A breathtaking rise in interest rates driven by external Federal Reserve intervention in response to inflation has created a loan repayment risk for borrowers and banks on maturing loans.
- Through 2025, $1.5 trillion of loans are maturing in an environment where banks have been temporarily flash-frozen by the high interest rates.
- Unlike the last downturn, banks have been disciplined in their underwriting, but will likely need to turn to loan sales, in a more surgical manner, to raise sufficient capital to satisfy the Federal Reserve requirements and reduce portfolio risk.
This video is from an independent third-party, and Citymark cannot guarantee or ensure the accuracy of the information provided. This is not an offer or solicitation. The general information discussed is not a guarantee, prediction, or projection of future performance. There are risks associated with investing in real estate assets, such as inflation, interest rates, real estate tax rates, changes in the general economic climate, local conditions such as population trends and neighborhood values, and supply and demand for similar property types. Investing in real estate does carry the risk of loss to your investment. The video may contain forward-looking statements identified by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive.