Property Development

Like much of the US economy, the commercial real estate market has been down the last few years. Prior to RBC, Mr. Rothstein was an Executive Vice President and Chief Financial Officer of Related Capital Company, also serving as Chief Financial Officer for three publicly traded companies – Centerline Holding Company (formerly CharterMac), American Mortgage Acceptance Company and Aegis Realty Inc.

According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default , foreclosure , or bankruptcy In Europe, approximately half of the €960 billion of debt backed by European commercial real estate is expected to require refinancing in the next three years, according to PropertyMall, a UK‑based commercial property news provider PropertyMall Additionally, the economic conditions surrounding future interest rate hikes; which could put renewed pressure on valuations, complicate loan refinancing, and impede …