| Fed chairman Ben Bernanke may say interest rates won't rise ' til 2014. But Centerline Capital Group's Paul Donahue, managing director for the multifamily finance, investment, and management company's new Boston office, says don't bet on it. (Even though we're sure you could coax Vegas into giving you decent odds.) | |
| In Paul?s opinion, Bernanke?s declaration includes an unstated caveat: rates could rise if the overall economy cranks up substantially. Indeed, Paul says rates may start to rise sometime this year. As a result, he's ?wrestling? with clients to move on refis now. (Hulk Hogan's new move: The Refi Slam.) Furthermore, he says, the fear that a tsunami of failing CMBS loans will swamp the market in '13 and ?14 may never materialize. In recent months, the breadth of capital markets to support real estate has been improving. If the overall economy keeps strengthening, Paul says that worries about CMBS paper reaching maturity in the next year or two may recede. | |
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RISING RATES?
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Related Topics:
Ben Bernanke
, Centerline Capital
, Franklin Street
, New Hampshire
, Paul Donahue
, Ryan McDonough
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