83: CMBS Loans, Recession vs. Pandemic, 1st Service Solutions, Founder Ann Hambly

Women Investing Network Podcast

Sharon Lechter talks CMBS loans with the founder and CEO of 1st Service Solutions, Ann Hambly. Ann has a wealth of knowledge in commercial real estate and investing. Today, she talks a little bit about 1st Service Solutions. As well, Ann discusses some of the changes seen in commercial real estate trends since COVID-19 hit. She also gives significant comparisons to the 2008 recession and some insight into what you should be investing in now.

Key Takeaways:

[1:30] Ann Hambly explains the business, 1st Service Solutions.

[2:30] How has commercial real estate responded to COVID-19

[4:30] Technology has moved to virtual shopping, and the pandemic has accelerated that shift.

[7:45] CMBS Loans are all non-recourse; the only thing that the lender gets in default is the property.

[8:40] The 2008 recession was precipitated on over-aggressive lending, while this current 2020 recession is COVID-19 related.

[12:20] Sharon poses the question, "What should people be looking for in investment opportunity given the pandemic?"

[16:00] Distressed deals are becoming readily available.

[19:00] Multi-family housing is likely to maintain a pretty steady course as "everyone needs a home."

Websites:

1stSSS.com/

SharonLechter.com/

www.JasonHartman.com

www.JasonHartman.com/properties

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