Ramifications Of The End Of "Extend And Pretend"
About this episode
The episode discusses the implications of the shift away from the 'extend and pretend' lending practice in the self-storage industry.
Around 30% of all self-storage CMBS properties are on a “watch list” for default, and while the industry has fared well overall, there has been a change in attitude away from a standard practice called “extend and pretend”. In this Self-Storage University podcast we’re going to explore what this lender action is and what it means for the self-storage industry going forward.
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