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It was early March 2020 and a new virus called COVID-19 was about to take the U.S. by storm, changing almost everything about the way people worked, played and related to others. In New York and other large cities across the U.S., mandated lockdowns forced companies to permit employees to work from home rather than risk spreading COVID from person to person. Frightened workers were happy to comply and keep their jobs. The effect on stocks, and particularly real estate investment trusts (REITs) t
This has been an opportunistic year for many private equity and lending firms. Traditional bank lending has dried up, with up to 45% of commercial real estate (CRE) projects having to find alternative funding. Many in the CRE sector have stopped building altogether, but those who had balloon payments due and found banks shying away from new and ongoing projects have had to find private funding to complete them. Benzinga talked with Alex Horn, managing partner of Miami-based private mortgage lend
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