Based on talks w/ friends & contacts in multifam: - tenants struggling to pay - lenders mostly being flexible/reasonable - debt still available for deals My view: There will be pockets of distress, but no wipeout in multifamily, so long as govt stimulates broader economy.
I don't know what credit office and credit retail is? Is that like class A? Office and retail look very bad to me...very very bad.
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"Credit" means leased to companies with investment grade credit. So, they're paying unless they go BK.
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Word makes sense. If you've got a leased building on a long-term lease to a good tenant you should be good. Still though...I wouldn't want to own that stuff (generally) if given the choice between that and other RE classes.
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