At the Bisnow DC State of the Market event, he also said there is nothing to prevent another CMBS crash. Human nature and bank power over ratings agencies has not changed despite Dodd Frank.
About The Author
Hi, I'm Bruce Kirsch. Over the last 18 years, I have had a diverse and interesting collection of adventures in CRE. I am the founder of Real Estate Financial Modeling and the creator of the Model for Success blog. I hold an MBA in Real Estate from The Wharton School, and am the co-author of the leading commercial real estate finance textbook, Real Estate Finance and Investments: Risks and Opportunities, and the associated REFAI Certification program. I graduated with a BA in Communication from Stanford University.