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NAR CODE OF ETHICS

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Feedback needed from Commercial agents

SAAR Commercial Real Estate Agents,

As the Government Affairs Director for the Scottsdale Area Association of REALTORS® (SAAR) and committee member for the 2016 NAR Commercial Legislative & Regulatory Advisory Board, I am reaching out to you in need of some feedback on a commercial real estate (CRE) issue that is being raised by banking regulators.

The regulators are raising alarms regarding several elements of CRE Lending and concerns that they are seeing increasingly risky CRE loans.  Specific activities of note are:

–    An easing of CRE underwriting standards, including less-restrictive loan covenants
–    Extended maturities
–    Longer interest-only payment periods
–    Limited guarantor requirements

What I need is your feedback on what you observe in your businesses – have you noticed underwriting standards and deal requirements becoming softer or are loans still difficult?

We will be sharing these observations with regulators on the issue, so please reach out with any information you can share.

Send feedback directly to me at Advocacy@ScottsdaleREALTORS.org

I look forward to hearing and sharing your responses.

Best,
Suzanne

Suzanne Brown

Suzanne Brown is the Community and Government Affairs Director at SAAR.

 

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