The New Jersey Group Revs Up for Change in 2017
Members in attendance at the last meeting of the year spent some time speculating on new changes that will ultimately impact Northern New Jersey real estate as the nation changes over to a new Administration. Members noted that there was still time for new refinancing activity. However, Mark Scott of Commercial Mortgage Capital foresees increases ahead for cap rates, rent and occupancy rates, and property valuation. It is unknown yet whether we will see early year changes for HVCREs, Dodd-Frank and other regulations as new players in the Trump Administration take the reins.