Mortgage Loan Maturations Are Getting a Little Less Scary

Ever since the real estate crunch in 2008, people have been extremely anxious regarding 10 year loans made around 2005-2007. Lenders feared a wave of defaults as owners would, seemingly, have an impossible time selling or refinancing after such a downturn.

However, the punch is going to be a bit lighter than anticipated. With 2015 right around the corner, things are looking brighter for those in repayment situations. Real estate values are rebounding all across the country, and financing is becoming less strict. 

However, there is still a flood of loans coming to fruition soon ($126 billion in 2016), all of which will probably not be able to receive refinancing. The swarm of new commercial mortgage-backed securities is indeed growing, but lagging behind the volume of past loans after months in a slump.

Nonetheless, with the economy recovering and a pool of shark investors lurking around every corner, both lenders and borrowers alike should be able to sleep easier.

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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