Ardsley Advisors Managing Partner Peter Avalone agrees that we are approaching a "Perfect Storm" in Commercial Real Estate. He references a report that predicts a 5% default rate of $3.5 Trillion in commercial real estate loans.
Avalone also mentions one forecast for a 20% default rate in Hotel loans. The 20% is not a type-o. One example he gives is the Watergate Hotel. It recently went into default.
This is a sober interview and I definitely think its worth the two minutes or so it will take you to watch.
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