Nine Must Reads for the CRE Industry Today (Dec. 15, 2020) Small banks had a good year in 2020, reports the Wall Street Journal. Many businesses in California are at the breaking point amid new shutdown orders, according to The Guardian. These are among today’s must reads from around the commercial real estate industry.
‘The Best Year Ever:’ 2020 Was Surprisingly Good to Small Banks “When coronavirus closed businesses in Baltimore and its suburbs in the spring, Kevin Benson feared the worst for the small lender he runs widespread defaults, anemic loan growth. Instead, Rosedale Federal Savings and Loan surpassed $1 billion in assets in May, years ahead of schedule, aided by a government-backed lending boom. The vast majority of its borrowers consumers and businesses are in good standing.” (