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, co-author of the leading CRE finance textbook, Real Estate Finance and Investments: Risks and Opportunities, and the associated REFAI® Certification program. Over the last 20 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 I graduated with a BA in Communication from Stanford University.