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Commercial Property Biz Seeks $300B Federal Equity Infusion

Commercial Property Biz Seeks $300B Federal Equity Infusion windowpanes at the building

Lisa Pendergast, executive director of the CRE Finance Council, is calling on the Treasury Department and the Federal Reserve to pump between $250 billion and $300 billion into the $4.6 trillion commercial real estate market amid the coronavirus pandemic. So reports MarketWatch.

Federal Reserve[/caption] “My general view is that commercial real estate has somehow been skipped over,” Pendergast said, referring to the more than $2 trillion in Fed programs established in March to support companies, small businesses, municipalities and a narrow swathe of commercial property. Pendegrat’s plan would give the government a preferred equity stake. Read the full article from MarketWatch.

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