We welcome Brian Stoffers, Global President of Debt and Structured Finance at CBRE and 2020 Chairman of the Mortgage Bankers Association (MBA). In a wide-ranging conversation, Mr. Stoffers discusses trends he’s seeing in the CRE lending space, property type performance, the impact of “forbearageddon,” and how the COVID-19 crisis will change commercial real estate in the long-term. Episode Notes: Outlook for the recovery (1:45) Any notable valuation trends since the onset of COVID? (3:59) What we’re seeing on the lending side (6:20) A new normal in market share? (8:18) Fannie and Freddie reserve requirements (10:30) How has the office underwriting process changed? (12:35) Differences in geographic performance? (15:33) Impact of “forbearageddon” to investors (18:07) Office “hub and spoke“ model (21:53) Future of business travel (or lack thereof) (25:25) The lending slow-down (29:48) What does the deal pipeline look like? (35:50) Investor appetite for ESG reporting (38:49)

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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