This is great news. Hopefully a sign of more to come.
Commercial mortgage backed securities would rather be residential mortgage backed securities, these days.
People keep saying, on Lemmy, that it’s too costly to do this.
Apparently not.
I’m sure it depends on the building.
I’d say it also depends on, possibly more than the building, how desperate the landlord is getting.
I’m reminded of when I was told in the 90s that the oil sands in Canada would require too much expense to extract oil from. Look where we are now.
It’s not too costly, it’s just a lot of cost, and a lot of investors are unwilling to make that investment and would rather ride the crazy train into the ground than reinvest in their buildings
Now that I don’t disagree with, but that’s not what is being said.
